ETX Capital Reviewed: Lots To Like About This Technical Trading Platform. Here’s The Detail
Contents
- Overview
- Why Choose ETX Capital?
- ETX Capital - Essential Information
- History of ETX Capital
- Key Events in History of ETX Capital
- Where Does ETX Capital Operate?
- Can I Trust ETX Capital?
- ETX Capital Account Types
- ETX Capital Spreads and Fees
- Account Requirements
- ETX Capital Withdrawal
- ETX Capital Platform Review
- ETX Capital Education Resources
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.
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 investors 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? |
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ETX Capital - Essential Information
![]() www.etxcapital.co.uk |
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Overview | One of the UK's top spread betting & CFD providers |
Our Overall Rating | |
Broker Trust Rating | 95/100 |
Founded | 2002 |
Product | CFDs Spread Betting |
Markets | Forex Indices Shares Commodities Bonds Interest Rates |
Countries Served | More than 150 (Full list below) |
Minimum Deposit | £100 |
Fees | ETX 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 Support | 24/5 email and phone in 8 languages |
Demo Account | Yes - 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
Year | Event |
---|---|
2002 | Monecor Limited launches retail derivative arm TradIndex |
2007 | A joint venture between the UK-based JRJ Group and Netherlands-based BXR Group acquires TradIndex and rebrands with a new name – ETX Capital |
2010 | ETX Capital expands and launches a German language website and platform |
2011 | Expansion to France, South Africa and Portugal |
2012 | Expansion to Greece, Spain and Italy |
2013 | Expansion to Denmark, Romania and China |
2014 | ETX Capital launches ETX trader and binary options platforms. The firm begins to offer Turkish, Polish, Czech, Slovenian and Hungarian versions of the website |
2015 | ETX 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.
Where Does ETX Capital Operate?
ETX Capital is available in the following countries:
See all the countries ETX Capital operates in
- Afghanistan
- Albania
- Algeria
- Andorra
- Angola
- Anguilla
- Antigua and Barbuda
- Argentina
- Armenia
- Aruba
- Australia
- Austria
- Azerbaijan
- Bahamas
- Bahrain
- Bangladesh
- Barbados
- Belarus
- Belgium
- Belize
- Benin
- Bermuda
- Bhutan
- Bolivia
- Bosnia and Herzegovina
- Botswana
- Brazil
- Brunei
- Bulgaria
- Burkina Faso
- Burundi
- Cambodia
- Cameroon
- Canada
- Cape Verde
- Cayman Islands
- Central African Republic
- Chad
- Chile
- China
- Colombia
- Comoros
- Congo
- Costa Rica
- Cote d’Ivoire
- Croatia
- Cuba
- Cyprus
- Czech Republic
- Denmark
- Djibouti
- Dominica
- Dominican Republic
- Ecuador
- Egypt
- El Salvador
- Equatorial Guinea
- Eritrea
- Estonia
- Ethiopia
- Faroe Islands
- Fiji
- Finland
- France
- French Guiana
- French Polynesia
- Gabon
- Gambia
- Georgia
- Germany
- Ghana
- Gibraltar
- Greece
- Greenland
- Grenada
- Guadeloupe
- Guam
- Guatemala
- Guernsey
- Guinea
- Guinea-Bissau
- Guyana
- Haiti
- Honduras
- Hong Kong
- Hungary
- Iceland
- India
- Indonesia
- Iran
- Iraq
- Ireland
- Isle of Man
- Israel
- Italy
- Jamaica
- Japan
- Jersey
- Jordan
- Kazakhstan
- Kenya
- Kuwait
- Kyrgyzstan
- Laos
- Latvia
- Lebanon
- Lesotho
- Liberia
- Libya
- Liechtenstein
- Lithuania
- Luxembourg
- Macau
- Macedonia
- Madagascar
- Malawi
- Malaysia
- Maldives
- Mali
- Malta
- Marshall Islands
- Martinique
- Mauritania
- Mauritius
- Mexico
- Micronesia
- Moldova
- Monaco
- Mongolia
- Montenegro
- Montserrat
- Morocco
- Mozambique
- Myanmar
- Namibia
- Nauru
- Nepal
- Netherlands
- Netherland Antilles
- New Caledonia
- New Zealand
- Nicaragua
- Niger
- Nigeria
- Norfolk Island
- North Korea
- Northern Mariana Islands
- Norway
- Oman
- Pakistan
- Palau
- Palestinian Territories
- Panama
- Paraguay
- Peru
- Philippines
- Poland
- Portugal
- Puerto Rico
- Qatar
- Reunion
- Romania
- Russian Federation
- Rwanda
- Saint Kitts and Nevis
- Saint Lucia
- Saint Martin
- Saint Pierre and Miquelon
- Saint Vincent and the Grenadines
- Samoa
- San Marino
- Saudi Arabia
- Senegal
- Serbia
- Seychelles
- Sierra Leone
- Singapore
- Slovakia
- Slovenia
- Somalia
- South Africa
- South Korea
- Spain
- Sri Lanka
- Sudan
- Suriname
- Swaziland
- Sweden
- Switzerland
- Syria
- Taiwan
- Tajikistan
- Tanzania
- Thailand
- Togo
- Tonga
- Trinidad and Tobago
- Tunisia
- Turkey
- Turkmenistan
- Turks and Caicos Islands
- Tuvalu
- Uganda
- Ukraine
- United Arab Emirates
- United Kingdom
- Uruguay
- Uzbekistan
- Vanuatu
- Vatican City
- Venezuela
- Vietnam
- British Virgin Islands
- Yemen
- Zambia
- Zimbabwe
IMPORTANT: CFDs are not available in the USA due to local regulation, and regulated brokers do not accept US citizens or US residents as clients.
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.
Regulator | Countries Covered | Protection Offered | Additional 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, UK | All client funds are held in a segregated client bank account | Financial Services Compensation Scheme (FSCS) may cover up to £50,000 if ETX Capital fails. |
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:
Name | Position | Information |
---|---|---|
Mark Priest![]() | Head of Index & Equity Market Making | Mark 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![]() | Chief Dealer Foreign Exchange | Richard 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![]() | Senior Market Analyst | Neil 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
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:
TraderPro | MT4 | Binary | |
---|---|---|---|
Features | Analytical tools and charting for a wide array of markets | Access to short-term contracts | |
Type of traders | |||
Min. Deposit | £100 (or currency equivalent) | £100 (or currency equivalent) | £100 (or currency equivalent) |
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 90.00 | INR 1,400 |
AUD 30.00 | JPY 2750.00 |
CAD 30.00 | KRW 25,000.00 |
CHF 20.00 | MXN 350.00 |
CNH 140.00 | NOK 180.00 |
CZK 550.00 | NZD 30.00 |
DKK 150.00 | PLN 85.00 |
EUR 20.00 | RON 100.00 |
GBP 15.00 | RUB 1,300.00 |
GRD 6,000.00 | SEK 200.00 |
HKD 175.00 | SGD 30.00 |
HRK 150.00 | THB 750.00 |
HUF 6,500.00 | TRY 60.00 |
IDR 300,000.00 | TWD 700.00 |
ILS 90.00 | USD 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 Pair | Minimum Spread | Average Spread |
---|---|---|
AUD/USD | 0.8 | 0.92 |
EUR/CHF | 1.9 | 2.54 |
EUR/GBP | 0.9 | 1.1 |
EUR/JPY | 0.9 | 1.09 |
EUR/USD | 0.6 | 0.75 |
GBP/EUR | 2 | 2.35 |
GBP/JPY | 2.5 | 2.69 |
GBP/USD | 0.9 | 1.08 |
NZD/USD | 1.8 | 1.94 |
USD/CAD | 2 | 2.1 |
USD/CHF | 0.9 | 1.57 |
USD/JPY | 0.9 | 0.97 |
Daily Rolling Cryptocurrencies
See all ETX Capital’s Daily Rolling Cryptocurrencies Spreads
Cryptocurrency | Spread |
---|---|
Bitcoin/EUR | 20 plus market spread |
Bitcoin/GBP | 20 plus market spread |
Bitcoin/USD | 20 plus market spread |
Forex Minors
See all ETX Capital’s Minors Spreads
Currency Pair | Minimum Spread | Average Spread |
---|---|---|
AUD/CAD | 2.4 | 2.61 |
AUD/CHF | 1.9 | 2.84 |
AUD/JPY | 1.9 | 2.01 |
AUD/NZD | 3 | 3.18 |
CAD/CHF | 3 | 3.31 |
CAD/JPY | 2 | 2.15 |
CHF/JPY | 2.9 | 3.11 |
EUR/AUD | 2.6 | 2.86 |
EUR/CAD | 3.3 | 3.54 |
EUR/NZD | 5 | 5.37 |
GBP/AUD | 2.9 | 3.11 |
GBP/CAD | 4 | 4.78 |
GBP/CHF | 3 | 3.61 |
GBP/HKD | 25 | 25.55 |
GBP/NZD | 4.9 | 5.33 |
GBP/ZAR | 190 | 223.07 |
NZD/CAD | 2.5 | 2.72 |
NZD/CHF | 4.9 | 5.19 |
NZD/JPY | 2 | 2.69 |
USD/HKD | 10 | 10.5 |
USD/SGD | 4 | 5.03 |
Forex Scandinavian
Forex Emerging
See all ETX Capital’s Emerging Spreads
Currency Pair | Minimum Spread | Average Spread |
---|---|---|
EUR/CZK | 30 | 30.82 |
EUR/HUF | 30 | 35.81 |
EUR/PLN | 28 | 29.53 |
EUR/TRY | 10 | 22.62 |
EUR/ZAR | 120 | 166.43 |
GBP/CZK | 22 | 36.82 |
GBP/PLN | 36 | 62.98 |
SGD/JPY | 4 | 5.23 |
USD/CNH | 10 | 15.21 |
USD/CZK | 24 | 24.28 |
USD/HUF | 30 | 32.12 |
USD/MXN | 90 | 97.36 |
USD/PLN | 35 | 37.04 |
USD/RON | 60 | 69.37 |
USD/RUB | 480 | 912.16 |
USD/TRY | 10 | 22.03 |
USD/ZAR | 95 | 126.24 |
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
Country | Commission |
---|---|
Australia | 0.2% |
Eurozone | 0.1% |
Czech Republic | 0.1% |
Denmark | 0.1% |
Hungary | 0.1% |
Norway | 0.1% |
Poland | 0.1% |
Singapore | 0.4% |
Sweden | 0.1% |
Switzerland | 0.1% |
UK | 0.1% |
US | 2 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:
- Provide ETX Capital with information to verify account
- 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.
Document | Commentary |
---|---|
Acceptable documents: | Documents must be valid, clearly legible and show: |
Acceptable documents: | Documents must be dated in the last three months and show: |
Traders can deposit and withdraw funds with ETX Capital using one of several different methods:
Method | Wire/Bank Transfer | Online Bank Transfer | Major credit and debit cards are accepted here except AMEX |
---|---|---|---|
Advantage | Professional and can help to avoid mistakes | No need to go to the bank and queue | Immediate credit |
Deposit currency | GBP, USD, EUR, ZAR, SGD, SEK, RON, PLN, NOK, JPY, HRK, HKD, DKK, CZK, CHF, CAD, AUD | GBP, USD, EUR, ZAR, SGD, SEK, RON, PLN, NOK, JPY, HRK, HKD, DKK, CZK, CHF, CAD, AUD | GBP, USD, EUR, ZAR, PLN, NOK, DKK, CZK, CHF |
General Processing Time | 1 working day | 1 working day | 1 working day |
Withdrawals arrival time | 2-3 working days | 2-3 working days | 3-5 working days |
Charge | No 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.
Market Watch Panel: This panel contains the live prices and symbols of popular instruments that ETX Capital offers for trading.
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.
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.
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:
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.