Review

ETX Capital Review: Can You Trust Them?

ETX Capital Header

Overview

Risk Warning: Your Capital is at Risk

ETX Capital is an online market maker that provides a platform for Contracts for Difference (CFDs) trading. CFDs are derivative securities that allow customers to gain exposure to the price of financial instruments without actually holding the instruments in their accounts. ETX Capital offers CFD trading on asset classes including forex, indices, shares and commodities. The firm also offers spread betting and binary options.

ETX Capital offers traders a choice of three trading platforms as well as mobile options. Traders can access over 6,000 markets and employ leverage of up to 1 to 100 on most products and 1 to 400 on the MT4 platform.

ETX Capital’s parent company has over 50 years’ history of offering trading products and services to the marketplace. Traders seeking a reliable, well-regulated broker that provides access to several types of derivatives products may want to investigate ETX Capital. Please remember that trading CFDs exposes traders to the possibility of losses. CFD trading is for experienced traders.

This review of ETX Capital will cover all of the important details about the broker and discuss its major advantages and disadvantages.

Why Choose ETX Capital?

What's Good About ETX Capital?What Could ETX Capital Do Better?
Tick IconTrustworthy broker (we scored ETX Capital 95/100 in our broker trust rating)Lack of news and analysis
Tick Icon3 dynamic platforms for clients to choose fromMT4 platform may be overwhelming for novice/less technically-orientated traders
Tick IconNo withdrawal charges on amounts over £100 (up to 5 times a month)Bitcoin is the only cryptocurrency available
Tick IconAccess to over 6,000 marketsDemo accounts aren't linked to live trading platform
Tick IconImpressive menu of options that will suit technically-orientated tradersNo live chat support available
Tick IconPlatform allows you to look at multiple instruments at the same time
Tick Icon24/5 customer support via phone or email

ETX Capital - Essential Information

 ETX Capital Logo
www.etxcapital.co.uk
OverviewOne of the UK's top spread betting & CFD providers
Our Overall Rating
Broker Trust Rating95/100
Founded2002
ProductCFDs
Spread Betting
MarketsForex
Indices
Shares
Commodities
Bonds
Interest Rates
Countries ServedMore than 150 (Full list below)
Minimum Deposit£100
FeesETX Capital is a no-commission broker. It makes money through the market bid/ask spread (See below). See here for full list of fees
Regulator(s)Financial Conduct Authority (FCA)
Customer Support24/5 email and phone in 8 languages
Demo AccountYes - for each of the 3 platforms available

History of ETX Capital

ETX Capital is a trading name of Monecor (London) Limited, a member firm of the London Stock Exchange that was established in 1965.

Key Events in History of ETX Capital

YearEvent
2002Monecor Limited launches retail derivative arm TradIndex
2007A joint venture between the UK-based JRJ Group and Netherlands-based BXR Group acquires TradIndex and rebrands with a new name – ETX Capital
2010ETX Capital expands and launches a German language website and platform
2011Expansion to France, South Africa and Portugal
2012Expansion to Greece, Spain and Italy
2013Expansion to Denmark, Romania and China
2014ETX Capital launches ETX trader and binary options platforms. The firm begins to offer Turkish, Polish, Czech, Slovenian and Hungarian versions of the website
2015ETX Capital acquires Alpari UK

ETX Capital has headquarters in London, United Kingdom. Monecor (London) Limited is authorized and regulated by the Financial Conduct Authority and has Financial Services Register number 124721.

ETX Capital offers customers dedicated 24/5 customer support in English, French, Spanish, German, Polish, Czech, Greek and Mandarin. Traders can contact customer service by phone or email. The broker does not have live chat support, which is a disadvantage. Traders can view the ETX Capital website in more than 15 languages.

ETX platforms

Where Does ETX Capital Operate?

ETX Capital is available in the following countries:

See all the countries ETX Capital operates in

  1. Afghanistan
  2. Albania
  3. Algeria
  4. Andorra
  5. Angola
  6. Anguilla
  7. Antigua and Barbuda
  8. Argentina
  9. Armenia
  10. Aruba
  11. Australia
  12. Austria
  13. Azerbaijan
  14. Bahamas
  15. Bahrain
  16. Bangladesh
  17. Barbados
  18. Belarus
  19. Belgium
  20. Belize
  21. Benin
  22. Bermuda
  23. Bhutan
  24. Bolivia
  25. Bosnia and Herzegovina
  26. Botswana
  27. Brazil
  28. Brunei
  29. Bulgaria
  30. Burkina Faso
  31. Burundi
  32. Cambodia
  33. Cameroon
  34. Canada
  35. Cape Verde
  36. Cayman Islands
  37. Central African Republic
  38. Chad
  39. Chile
  40. China
  41. Colombia
  42. Comoros
  43. Congo
  44. Costa Rica
  45. Cote d’Ivoire
  46. Croatia
  47. Cuba
  48. Cyprus
  49. Czech Republic
  50. Denmark
  51. Djibouti
  52. Dominica
  53. Dominican Republic
  54. Ecuador
  55. Egypt
  56. El Salvador
  57. Equatorial Guinea
  58. Eritrea
  59. Estonia
  60. Ethiopia
  61. Faroe Islands
  62. Fiji
  63. Finland
  64. France
  65. French Guiana
  66. French Polynesia
  67. Gabon
  68. Gambia
  69. Georgia
  70. Germany
  71. Ghana
  72. Gibraltar
  73. Greece
  74. Greenland
  75. Grenada
  76. Guadeloupe
  77. Guam
  78. Guatemala
  79. Guernsey
  80. Guinea
  81. Guinea-Bissau
  82. Guyana
  83. Haiti
  84. Honduras
  85. Hong Kong
  86. Hungary
  87. Iceland
  88. India
  89. Indonesia
  90. Iran
  91. Iraq
  92. Ireland
  93. Isle of Man
  94. Israel
  95. Italy
  96. Jamaica
  97. Japan
  98. Jersey
  99. Jordan
  100. Kazakhstan
  101. Kenya
  102. Kuwait
  103. Kyrgyzstan
  104. Laos
  105. Latvia
  106. Lebanon
  107. Lesotho
  108. Liberia
  109. Libya
  110. Liechtenstein
  111. Lithuania
  112. Luxembourg
  113. Macau
  114. Macedonia
  115. Madagascar
  116. Malawi
  117. Malaysia
  118. Maldives
  119. Mali
  120. Malta
  121. Marshall Islands
  122. Martinique
  123. Mauritania
  124. Mauritius
  125. Mexico
  126. Micronesia
  127. Moldova
  128. Monaco
  129. Mongolia
  130. Montenegro
  131. Montserrat
  132. Morocco
  133. Mozambique
  134. Myanmar
  135. Namibia
  136. Nauru
  137. Nepal
  138. Netherlands
  139. Netherland Antilles
  140. New Caledonia
  141. New Zealand
  142. Nicaragua
  143. Niger
  144. Nigeria
  145. Norfolk Island
  146. North Korea
  147. Northern Mariana Islands
  148. Norway
  149. Oman
  150. Pakistan
  151. Palau
  152. Palestinian Territories
  153. Panama
  154. Paraguay
  155. Peru
  156. Philippines
  157. Poland
  158. Portugal
  159. Puerto Rico
  160. Qatar
  161. Reunion
  162. Romania
  163. Russian Federation
  164. Rwanda
  165. Saint Kitts and Nevis
  166. Saint Lucia
  167. Saint Martin
  168. Saint Pierre and Miquelon
  169. Saint Vincent and the Grenadines
  170. Samoa
  171. San Marino
  172. Saudi Arabia
  173. Senegal
  174. Serbia
  175. Seychelles
  176. Sierra Leone
  177. Singapore
  178. Slovakia
  179. Slovenia
  180. Somalia
  181. South Africa
  182. South Korea
  183. Spain
  184. Sri Lanka
  185. Sudan
  186. Suriname
  187. Swaziland
  188. Sweden
  189. Switzerland
  190. Syria
  191. Taiwan
  192. Tajikistan
  193. Tanzania
  194. Thailand
  195. Togo
  196. Tonga
  197. Trinidad and Tobago
  198. Tunisia
  199. Turkey
  200. Turkmenistan
  201. Turks and Caicos Islands
  202. Tuvalu
  203. Uganda
  204. Ukraine
  205. United Arab Emirates
  206. United Kingdom
  207. Uruguay
  208. Uzbekistan
  209. Vanuatu
  210. Vatican City
  211. Venezuela
  212. Vietnam
  213. British Virgin Islands
  214. Yemen
  215. Zambia
  216. Zimbabwe

ETX Capital is available in the following languages:

  • English
  • French
  • Spanish
  • German
  • Polish
  • Czech
  • Greek
  • Mandarin

Can I Trust ETX Capital?

Yes, ETX Capital offers a safe and regulated environment for trading CFD, binary options and spread betting.

ETX Capital is regulated by the Financial Conduct Authority (FCA), and the Markets in Financial Directive (MiFID) allows the company to operate as a regulated entity throughout the European Union.

RegulatorCountries CoveredProtection OfferedAdditional Protection Offered
Financial Conduct Authority (FCA)Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, UKAll client funds are held in a segregated client bank accountFinancial Services Compensation Scheme (FSCS) may cover up to £50,000 if CMC Markets fails.

ETX Capital Trust

Financial Conduct Authority

The UK’s Financial Conduct Agency (FCA) regulates ETX Capital’s activities in the United Kingdom.

The FCA is widely respected as a leader in financial regulation. In addition, the United Kingdom scores highly in Transparency International’s rankings of countries based on their corruption perceptions index meaning the country is a pillar of anti-corruption. ETX Capital’s customers in the United Kingdom are protected by the UK based scheme Financial Services Compensation Scheme (FSCS), which was established to protect consumers when authorized financial services firms fail. FSCS pays compensation up to £50k to customers in the United Kingdom if ETX Capital is unable to pay.

ETX Capital’s Financial Services Register reference number is 124721.

Who Runs ETX Capital?

Three individuals within ETX Capital are responsible for directing different aspects of the trading business:

NamePositionInformation
Mark Priest
Mark Priest
Head of Index & Equity Market MakingMark has been Head of Index and Equity Market Making at ETX Capital since 2004. He previously worked in the CFD industry for IG Markets and traded convertible bonds at a hedge fund.
Richard Wiltshire
Richard Wiltshire
Chief Dealer Foreign ExchangeRichard joined ETX Capital in late 2008 to help start up the FX desk. He spent 17 years at NatWest Markets trading Interbank FX.
Neil Wilson
Neil Wilson
Senior Market AnalystNeil joined ETX in early 2016 as markets analyst. He supplied market news and commentary to Saxo Bank and Tradefair before joining ETX.

Images sourced from https://www.etxcapital.co.uk/about-us/meet-the-team

ETX Capital Trading Products

ETX Capital offers both CFDs and spread betting on forex, indices, shares, commodities and bonds & interest rates.

1) Forex

ETX Capital offers markets in majors, daily rolling cryptocurrencies, minors, Scandinavians and emerging markets:

Majors

See all ETX Capital’s Majors

Currency Pair
AUD/USD
EUR/CHF
EUR/GBP
EUR/JPY
EUR/USD
GBP/EUR
GBP/JPY
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY

Daily Rolling Cryptocurrencies

  • Bitcoin/EUR
  • Bitcoin/GBP
  • Bitcoin/USD

Minors

See all ETX Capital’s Minors

Currency Pair
AUD/CAD
AUD/CHF
AUD/JPY
AUD/NZD
CAD/CHF
CAD/JPY
CHF/JPY
EUR/AUD
EUR/CAD
EUR/NZD
GBP/AUD
GBP/CAD
GBP/CHF
GBP/HKD
GBP/NZD
GBP/ZAR
NZD/CAD
NZD/CHF
NZD/JPY
USD/HKD
USD/SGD

Scandinavian

See all ETX Capital’s Scandinavian

Currency Pair
EUR/DKK
EUR/SEK
EUR/NOK
GBP/NOK
GBP/SEK
USD/DKK
USD/NOK
USD/SEK

Emerging

See all ETX Capital’s Emerging

Currency Pair
EUR/CZK
EUR/HUF
EUR/PLN
EUR/TRY
EUR/ZAR
GBP/CZK
GBP/PLN
SGD/JPY
USD/CNH
USD/CZK
USD/HUF
USD/MXN
USD/PLN
USD/RON
USD/RUB
USD/TRY
USD/ZAR

2) Indices

ETX Capital offers markets on both cash indices and index futures.

Cash Indices

See all ETX Capital’s Cash Indices

Index
Australia 200
Euro Stocks 50
France 40
Germany 30
Hong Kong 50
Italy 40
Japan 225
Spain 35
SP 500
Switzerland Market Index
UK 100
US Tech 100
Wall Street

Index Futures

See all ETX Capital’s Index Futures

Index
Australia 200
Euro Stocks 50
France 40
Germany 30
Hong Kong 50
Italy 40
Japan 225
Spain 35
SP 500
UK 100
US Tech 100
Wall Street
Dollar Index
Germany Mid 50
Germany Tech 30
Greece 20
Poland 20
South Africa 40
Switzerland Market Index
Volatility Index
VSTOCKS Mini Volatility Index

3) Shares

ETX Capital offers markets in shares from several countries as well as sector and country ETFs.

Stocks

See all ETX Capital’s Stocks

Shares from the following Countries:
Australia
Eurozone
Czech Republic
Denmark
Hungary
Norway
Poland
Singapore
Sweden
Switzerland
UK
US

ETFs

See all ETX Capital’s ETFs

Exchange Traded Funds
iShares Dow Jones US Transportation Fund CFD
iShares S&P India Nifty 50 Index Fund CFD
SPDR S&P Homebuilders ETF CFD
MSCI Japan Fund CFD
MSCI Turkey CFD
Ishares MSCI Europe EX-UK CFD
iShares STOXX Europe 600 Health Care CFD
Powershares DB Agriculture CFD
VanEck Vectors Gold Miners ETF CFD
ETFS UK 100 Super Short Strategy CFD

4) Commodities

ETX Capital offers CFDs and spread betting on futures markets in energy, metals, soft commodities and daily rolling commodities.

Energy Futures

  • Brent Crude Oil
  • Natural Gas
  • Nymex Oil Futures
  • Nymex Crude Oil Daily Future

Metal Futures

  • Copper
  • Gold
  • Platinum
  • Palladium
  • Silver

Soft Commodities

  • Corn
  • Cotton
  • London Cocoa
  • Lumber
  • Orange Juice
  • Robusta Coffee
  • Soybean
  • Soybean Oil
  • US Cocoa
  • US Coffee ‘C’
  • US Sugar (No. 11)
  • Wheat

Daily Rolling Commodity

  • Gold
  • Silver
  • Brent Crude
  • Nymex Crude

5) Bonds and Interest Rates

ETX Capital offers CFD and spread betting on bond futures and short-term interest rates.

Bond Futures

  • 10 Yr UK Gilt
  • Euro Bobl
  • Euro-Bund
  • Euro Schatz
  • French Oat
  • Long-Term BTP
  • US T Bond
  • US 2 Year
  • US 10 Year

Short-Term Interest Rate

  • Euribor
  • EuroSwiss
  • Short Sterling

ETX Capital Account Types

ETX Capital offers three types of live trading accounts, which essentially equate to the different platforms the broker offers. Traders can also open a demo account for each type of account:

 TraderProMT4Binary
FeaturesAnalytical tools and charting for a wide array of markets
  • More advanced technical analysis
  • Automated trading
  • Access to short-term contracts
    Type of traders
  • Seek lowest possible spreads
  • Want to use trailing stops, order alerts and other tools
  • Want customizable charts
  • Want to work with Expert Advisers
  • Want advanced charting
  • Want to automate some trading
  • Want fast-paced trading
  • Want to limit risk
  • Want to bet just on direction of markets, not specific prices
  • Min. Deposit£100 (or currency equivalent)£100 (or currency equivalent)£100 (or currency equivalent)

    ETX Capital Account Types

    ETX Capital Spreads and Fees

    The underlying financial instrument and the type of account determine the ETX Capital spreads that traders pay.

    ETX Capital obtains the data from reputable third-party sources, which obtain the data directly from exchange feeds. ETX Capital receives its compensation through the market bid/ask spread.

    Other relevant fee information:

    Commission Fees

    ETX Capital charges commissions to clients on CFD equity trades, but not on spread betting equity trades.

    Deposit Fees

    The broker does not charge deposit fees to clients.

    Withdrawal Fees

    ETX Capital will offer each client five withdrawals for any amount over £100 within each calendar month without a processing fee. However, clients who withdraw funds more than five times in this period will incur a charge of £10 for each successive withdrawal. Clients do not get charged retroactively for the previous five withdrawals. ETX charges £10 for withdrawals below £100. Clients will be charged only once if their withdrawal meets both of the above criteria.

    Overnight Funding Fees

    This overnight ETX Capital fee (or credit) is either added to or subtracted from a trader’s account when a position remains open past a certain period of time. Traders can obtain information on overnight funding rates on the ETX Capital website.

    Inactivity Fee

    ETX Capital charges a monthly inactivity charge for a dormant account, when funds are available. The broker considers an account dormant or inactive if there has been no other trading activity for a continuous period of 365 days or more. The inactivity fees vary by currency:

    See all ETX Capital’s Inactivity Fees

    AED 90.00INR 1,400
    AUD 30.00JPY 2750.00
    CAD 30.00KRW 25,000.00
    CHF 20.00MXN 350.00
    CNH 140.00 NOK 180.00
    CZK 550.00NZD 30.00
    DKK 150.00PLN 85.00
    EUR 20.00RON 100.00
    GBP 15.00RUB 1,300.00
    GRD 6,000.00SEK 200.00
    HKD 175.00SGD 30.00
    HRK 150.00THB 750.00
    HUF 6,500.00TRY 60.00
    IDR 300,000.00TWD 700.00
    ILS 90.00USD 25.00
    ZAR 300.00

    If you decide to reactivate your account by trading again, ETX Capital will refund the inactivity charge for up to three previous months where it has already been deducted.

    The spreads that ETX charges customers can be confusing. Spreads vary according to several different variables such as the platform the customer chooses and the time of day the customer trades. For some products, such as forex, MT4 customers pay lower minimum and average spreads than TraderPro customers. ETX Capital also breaks out the spreads traders pay by spread betting versus CFDs.

    The following are the spreads traders pay for CFD trades on the TraderPro platform, but traders can consult the ETX Capital page for spread betting spreads and CFD spreads on the MT4 platform:

    Forex Majors

    See all ETX Capital’s Majors Spreads

    Currency PairMinimum SpreadAverage Spread
    AUD/USD0.80.92
    EUR/CHF1.92.54
    EUR/GBP0.91.1
    EUR/JPY0.91.09
    EUR/USD0.60.75
    GBP/EUR22.35
    GBP/JPY2.52.69
    GBP/USD0.91.08
    NZD/USD1.81.94
    USD/CAD22.1
    USD/CHF0.91.57
    USD/JPY0.90.97

    Daily Rolling Cryptocurrencies

    See all ETX Capital’s Daily Rolling Cryptocurrencies Spreads

    CryptocurrencySpread
    Bitcoin/EUR20 plus market spread
    Bitcoin/GBP20 plus market spread
    Bitcoin/USD20 plus market spread

    Forex Minors

    See all ETX Capital’s Minors Spreads

    Currency PairMinimum SpreadAverage Spread
    AUD/CAD2.42.61
    AUD/CHF1.92.84
    AUD/JPY1.92.01
    AUD/NZD33.18
    CAD/CHF33.31
    CAD/JPY22.15
    CHF/JPY2.93.11
    EUR/AUD2.62.86
    EUR/CAD3.33.54
    EUR/NZD55.37
    GBP/AUD2.93.11
    GBP/CAD44.78
    GBP/CHF33.61
    GBP/HKD2525.55
    GBP/NZD4.95.33
    GBP/ZAR190223.07
    NZD/CAD2.52.72
    NZD/CHF4.95.19
    NZD/JPY22.69
    USD/HKD1010.5
    USD/SGD45.03

    Forex Scandinavian

    See all ETX Capital’s Scandinavian Spreads

    Currency PairMinimum SpreadAverage Spread
    EUR/DKK910.65
    EUR/SEK4848.62
    EUR/NOK3840.09
    GBP/NOK5051.88
    GBP/SEK6061.1
    USD/DKK912.83
    USD/NOK2526.76
    USD/SEK3031.5

    Forex Emerging

    See all ETX Capital’s Emerging Spreads

    Currency PairMinimum SpreadAverage Spread
    EUR/CZK3030.82
    EUR/HUF3035.81
    EUR/PLN2829.53
    EUR/TRY1022.62
    EUR/ZAR120166.43
    GBP/CZK2236.82
    GBP/PLN3662.98
    SGD/JPY45.23
    USD/CNH1015.21
    USD/CZK2424.28
    USD/HUF3032.12
    USD/MXN9097.36
    USD/PLN3537.04
    USD/RON6069.37
    USD/RUB480912.16
    USD/TRY1022.03
    USD/ZAR95126.24

    Indices and Indices Futures

    Spreads are variable in some cases and in other cases vary according to the time of day the trade is placed. You can consult the ETX Capital website for specific details.

    Shares

    See all ETX Capital’s TraderPro Stocks CFD Spreads

    CountryCommission
    Australia0.2%
    Eurozone0.1%
    Czech Republic0.1%
    Denmark0.1%
    Hungary0.1%
    Norway0.1%
    Poland0.1%
    Singapore0.4%
    Sweden0.1%
    Switzerland0.1%
    UK0.1%
    US2 cents

    Commodities

    Spreads are variable or fixed depending on the time of day the trade is placed. You can find details at the Spreads and Specifications section of the ETX Capital website.

    Bond Futures and Short Term Interest Rates

    Spreads are .01 for all of these instruments.

    Account Requirements

    When you click on the black Create Account button on the ETX Capital website, the system asks you to pick your country of origin from a drop-down menu. Before you can trade with ETX Capital for the first time, you need to answer a few questions. You enter your name, email, country of origin and phone number. You also choose your trading platform – TraderPro, MT4 or Binary – and your currency (GBP, EUR or USD).

    ETX Capital then asks you questions about your financial status and trading experience.

    After completing this information, traders have to complete two more steps:

    1. Provide ETX Capital with information to verify account
    2. Fund their account with a deposit

    To pass their identity verification, you will need to upload one document for proof of identity and one for proof of address. You can drag and drop these documents on to the application form or upload them through your mobile device.

    DocumentCommentary
    Acceptable documents:
  • Passport
  • National Identity Photocard
  • Photocard Driving License
  • Birth Certificate
  • Documents must be valid, clearly legible and show:
  • Date of Birth
  • Full name
  • Acceptable documents:
  • Utility bill
  • Bank, building society or credit card statement
  • State issued tax document
  • Mortgage statement
  • Hukou Book
  • Documents must be dated in the last three months and show:
  • Full name
  • Residential address
  • Traders can deposit and withdraw funds with ETX Capital using one of several different methods:

    MethodWire/Bank TransferOnline Bank TransferMajor credit and debit cards are accepted here except AMEX
    AdvantageProfessional and can help to avoid mistakesNo need to go to the bank and queueImmediate credit
    Deposit currencyGBP, USD, EUR, ZAR, SGD, SEK, RON, PLN, NOK, JPY, HRK, HKD, DKK, CZK, CHF, CAD, AUDGBP, USD, EUR, ZAR, SGD, SEK, RON, PLN, NOK, JPY, HRK, HKD, DKK, CZK, CHF, CAD, AUDGBP, USD, EUR, ZAR, PLN, NOK, DKK, CZK, CHF
    General Processing Time1 working day1 working day1 working day
    Withdrawals arrival time2-3 working days2-3 working days3-5 working days
    ChargeNo fee except for withdrawals under GBP 100 or your equivalent currency.No fee except for withdrawals under GBP 100 or your equivalent currency.No fee except for withdrawals under GBP 100 or your equivalent currency.

    The minimum amount required to make a deposit starts at £100 (or currency equivalent).

    ETX Capital offers leverage of 100/1 for many products, with leverage as high as 400/1 available on some MT4 products.

    Each CFD also has specific ETX Capital margin requirements that traders must maintain. ETX Capital advises that it uses tiered margining, which means that it applies different margin requirements at different levels of exposure. Traders can consult the trade ticket, when they place a trade, for details.

    Traders who fall below the ETX Capital margin requirements risk receiving a margin call and having their position closed prematurely.

    ETX Capital Withdrawal

    (Note: Please see chart above for withdrawal times and methods.) Also, see below for a more detailed explanation:

    Withdrawal Fees

    ETX Capital will offer each client five withdrawals for any amount over £100 within each calendar month without a processing fee. However, clients who withdraw funds more than five times in this period will incur a charge of £10 for each successive withdrawal. Clients do not get charged retroactively for the previous five withdrawals. ETX charges £10 for withdrawals below £100. Clients will be charged only once if their withdrawal meets both of the above criteria.

    ETX Capital Platform Review

    ETX Capital offers traders two platforms for trading CFDs and for spread betting. The MT4 platform has a similar layout to other broker’s MT4 platforms, along with a few bells and whistles that are unique to ETX Capital.

    The main screen has the familiar sections that other MT4 brokers provide. On the left, you will find the Market Watch panel with the list of trading instruments. Below the Market Watch panel is the Navigator section that gives you access to customized technical indicators, Expert Advisor tools and scripts for automated trading. In the middle and right you will find the Chart Window – the technical and charting section of the platform that opens with four charts. On the bottom of the screen, you will find the Terminal Window Panel, which contains a mailbox, an alert tab a journal tab and other features for tracking trading.

    ETX Capital Platform

    Market Watch Panel: This panel contains the live prices and symbols of popular instruments that ETX Capital offers for trading.

    ETX Capital Market Watch Panel

    In addition to a tick chart, traders can pull up the depth of market for each instrument. This feature is particularly useful for traders looking to execute bigger trades in more illiquid securities.

    Navigator: The navigator panel has a whole array of very advanced technical indicators that traders can overlay on to their charts. The menu of options is impressive and will appeal to technically oriented traders. ETX Capital offers dozens of standard and more advanced tools for tracking market sentiment, volumes, moving averages, stochastics and other technical indicators.

    Chart Window: The four large panels in the middle of the screen comprise the charting section of the ETX Capital MT4 platform. The chart window opens with four charts, and traders can customize and configure each of these charts using the tools available through the Navigator panel (see above). Traders can also add additional charts and arrange them as they wish. This feature is great for traders that want to keep tabs on multiple instruments. You can also right-click on each chart and change the time frame of the charts, zoom in or zoom out or add additional technical indicators.

    Overall, the charting features of the ETX Capital MT4 platform are excellent and would be really useful to any trader looking to follow technical indicators of multiple instruments at the same time.

    ETX Capital Charting Features

    Terminal Window Panel: The terminal window panel on the platform comes configured with a mailbox, a messaging tab, a journal tab and an alerts tab. These features complement the advanced charting tools.

    ETX Capital Terminal Window Panel

    The very advanced charting features of MT4 make it a deservedly popular platform, and the ETX Capital version of MT4 offers a huge array of tools. However, some of this functionality may be overwhelming to less technically oriented traders.

    ETX Capital also offers TraderPro, which has customizable charts, advanced ticket features and an appealing design. TraderPro is intuitive and has many advanced features. Traders can click on a chart, and a ticket window pops up for trading.

    The platform also allows you to build watchlists to monitor markets and a tool for calculating the value per pip of your trades.

    In many ways, TraderPro rivals MT4 in functionality. Each platform has different spreads, and MT4 is better suited for traders looking to develop automated strategies, while TraderPro gives traders access to more markets and tighter spreads. If there is one weakness to both platforms it is the lack of robust news and analysis for fundamentally driven traders.

    ETX Capital Demo Account

    Traders can open demo accounts with ETX Capital for each of its three platforms – MT4, TraderPro and binary. Each account operates as a stand-alone from the live platform. It would be better if these were integrated into the live trading platform.

    The demo account looks like the live accounts, and traders get the same functionality.

    ETX Capital Education Resources

    ETX Capital has an Education section on its website that offers several ways to learn about ETX Capital markets and trading. The broker offers seminars, live webinars and trader courses:

    Seminars: Free seminars are taught by both their expert in-house team and an independent trader company.

    Webinars: Free online webinars are both live and pre-recorded. ETX Capital offers a search engine on its site that allows traders to filter webinars by location, event type and language:

    ETX Capital Webinars

    Trader Course: A comprehensive free training for ETX clients delivered by an independent company. This 8-hour program includes monthly follow-ups to discuss trading strategies.

    ETX Capital Sign-Up Bonuses and Promotions

    Due to the fact ETX’s head office is located in London, which is part of the European Union, it is governed by the Markets in Financial Instruments Derivative (MiFID). Implemented to create more transparency in markets and to offer more protection to traders, this prevents brokers from offering sign-up bonuses. This applies to any broker operating within the EU, so if you do come across a broker offering incentives for you to sign up, they’re either unregulated in an EU country or they’re not regulated at all and could be illegally operating.

    Nevertheless, ETX Capital can offer a range of promotional offers to their existing clients. Traders who want additional information should contact their Account Relationship Manager.

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