ETX Capital Review 2017

ETX Capital Review 2017

ETX Capital Review 2017

Another week, another forex and CFD broker on our hands. This time, we would like to introduce you to a very interesting and well-respected company called ETX Capital. They were founded way back in 2002, which means they have been operating constantly for the last decade and a half. With that much experience, you can be certain that people behind this company know exactly how to provide excellent service and can give their clients everything they need.

Sure enough, our time with them turned out to be one of our best trading experiences in a very long time. All our impressions can be found in the following paragraphs of this ETX Capital review, so read on and prepare to be amazed.

PROS

CONS

– loads of available currencies

– excellent trading platforms

– many payment methods

– five free withdrawals a month

– no deposit bonus available

– no live chat

ETX Capital Review | Login

Let’s start with the most basic thing – account creation. This process consists of three different steps during which you provide the company with information about yourself, the place you live in and your previous trading experience. All of this, in turn, helps the broker provide you with the best possible trading conditions, which is a guarantee that you will be getting the most out of your time here.
There are three main ETX Capital account types to choose from: TraderPro, MT4 and Binary. These are also the company’s three trading platforms, but we will talk about what they have to offer later in the article. For now, let us note that the first two ETX account types are CFD accounts, whereas the third one focuses on binary options trading. It is at this point that you will also choose the currency you want to be using while trading with this broker, so choose carefully because it cannot be changed later on. Once everything is set up, you will receive the confirmation e-mail and after that you will be able to login to your account using just your login details. After you’re all done with this, you will need to fund your newly created account. We’ll examine how you can do that in the next part of ETX Capital review, so don’t go anywhere!

ETX Capital Login Page

ETX Capital Login Page

ETX Capital Review | Deposit and Withdrawal

You’ll be happy to know that ETX offers a lot of different payment methods. Between standard wire transfers or online bank transfers and credit/debit cards (American Express cards are the only ones you cannot use here), as well as e-wallets (Skrill, Neteller), China UnionPay, Sofort and GiroPay, you can pretty much manage your money however you want. The currencies you can use are pretty numerous too, but depend on the method you choose. However, you can always count on GBP, EUR and USD, whereas other currencies include things like JPY, SEK, NOK, CZK, CAD, AUD and many, many more. We should mention that all of the aforementioned methods are available for both deposits and withdrawals. ETX Capital minimum deposit stands at 100 GBP or an equivalent value in any of the other available currencies, which we think is pretty fair compared to other online trading brokers. No deposit fees will be charged, and the money should be visible in your account very quickly, sometimes even instantly, depending on the method you choose.
ETX Capital withdrawal works a bit differently. You see, there is no strict minimum withdrawal requirement, but if you withdraw less than 100 USD/EUR/GBP an ETX Capital withdrawal fee will be applied, and this amounts to 25 USD.  If you withdraw more than that, the broker will not charge you anything for the first five transactions in a month. This should really be more than enough to allow you to access your money freely. In addition, we have to mention that you will usually receive your money after between three to five days, but wire transfers can be even faster than that. This is pretty much everything you need to know about the payment methods on this website, so we will move our ETX Capital review on to another interesting topic. Stay tuned!

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ETX Capital Review | Trading platforms

Earlier in this guide, we said that the company offers three different trading platforms and, consequently, three different account types. So let’s not take a closer look at the ETX Capital trading platforms, shall we?
First and foremost, we have to mention ETX TraderPro. This platform was created by the company itself and offers thousands of different assets spread out across several different markets. More importantly, you have loads of options to analyze the markets’ movement, thanks to the fact that the whole platform is very customizable and has loads of charts and tools to help you make your decision. We also have to mention that the ETX spreads are very tight (EUR/USD 0.7) and that you can create your own watch lists if you have some assets that interest you more than the rest of the offer. This neat feature saves a lot of time because you can always keep an eye on those assets and react instantly when an opportunity presents itself.

ETX Capital TradePro

ETX Capital TradePro

Next up, we have the ETX MT4 platform. Yes, this broker also has a hosted version of the most famous trading software in the world, which will surely make a lot of traders very happy. Here you can enjoy all the benefits of automated trading, as well as keep several charts open at the same time and monitor their behaviour simultaneously. Another unique ETX Capital MT4 feature are micro-lots, lots ten times smaller than mini-lots. This provides traders with much bigger flexibility when investing because you can invest much smaller amounts. Finally, you also have the option of hedging, which means that you can receive a return no matter if your trade ends up in or out of the money.
Finally, we have the ETX Binary platform. As the name suggests, this is where you can trade binary options, and you get to choose between a wide variety of stocks, indices, commodities and currencies in the process. Expiry times range from 60 seconds to 24 hours, but what is particularly impressive is the fact that you can get profits of up to 100% per successful trade. This level of profit is pretty hard to find anywhere else, so you will have a big advantage over most other traders if you decide to open your account here. Of course, all these platforms are also available on mobile devices, but we will talk about that a little bit later. Don’t worry, though, ETX Capital review has another very interesting topic to discuss with you!

ETX Capital MT4

ETX Capital MT4

ETX Capital Review | Bonus

You will be very happy to know that the broker will reward you for conducting business on its website. As a matter of fact, you don’t even have to fund your account to get something from these guys! Yes, ETX Capital no deposit bonus is available and you only have to create an account to get it. This registration bonus is worth 20 USD/EUR/GBP, and you will have to make 10 trades within 60 days before you are able to withdraw it. Quite a low wagering requirement compared to what you can see in this industry, but there are more ETX promotions we have to go through. Before we move on, though, we must emphasize that no deposit bonuses are not that common in the online trading industry, so coming across a broker that offers it is big news. And a big plus for ETX.
Two types of welcome bonus are the most important features of the rest of the offer, and 100 GBP is a very important number here. As we have already said, that’s the minimum deposit, and if you deposit only that the broker will match it and effectively double your trading funds. However, if you deposit more than that, your ETX Capital welcome bonus can be as high as 3750 GBP. Naturally, this all depends on how much you deposit, but this is a very substantial amount, no doubt about that. To withdraw this bonus, you will have to turn over the amount you get 50 times, which is fairly standard in the forex industry. You can definitely easily increase the value of the money you invest with this broker, but there are many more interesting features we need to look at in this ETX Capital review. How does smooth trading on the go sound?

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ETX Capital Review | Mobile app

Being able to invest on the go is extremely important if you want to be an efficient trader. You will certainly not be sitting in front of your computer all day waiting for the right opportunity to present itself. Therefore, the ability to react quickly is something every serious broker must provide to its clients.

ETX Capital Mobile App

ETX Capital Mobile App

We have some excellent news here because all ETX Capital mobile platforms are available for both iOS and Android smartphones and tablets, so you should be able to place your investments whenever you want. No features will be lost if you decide to trade on the go, i.e. everything stay exactly the same as on your desktop computer, which means you can expect the same high-quality trading experience no matter where you’re trading from. As a matter of fact, ETX Capital app is very well designed, which makes using it very easy. You can literally open your trades with a single tap. Obviously, given that all of these apps are supported by both major operating systems, you can find them in Google Play and the App Store. In both cases, they are completely free and do not charge any additional costs. In short, everything you need from a product like this is readily available in this app, so if you’re constantly on the move, don’t hesitate to download it. Now, it’s time to move this ETX Capital review on. Read who will be taking care of you while you’re trading!

ETX Capital Review | Contact

Whenever you need something answered, a broker’s support team is supposed to be there to help you. Quality support not only enhances your trading experience but can also act as a proof of the company’s credibility, so it must be taken seriously.
ETX Capital support has several contact methods. First, you can contact them by e-mail, where they reply quickly and professionally every time. However, you can also call them or send them a fax, something that is completely free for all traders residing in the United Kingdom. The company is also active on social networks and has accounts on YouTube, Facebook, Twitter and LinkedIn, which can also be seen as contact methods. The address is clearly stated on the website, so you can be sure this is not some phantom company trying to scam you. Don’t forget about the FAQ section, which is very diverse and covers a multitude of topics, from technical questions to account details. You can even file a complaint, but we honestly think you won’t be needing this option any time soon.

ETX Capital Contact

ETX Capital Contact

You may have noticed that we didn’t mention live chat as an ETX Capital contact method. This is because there is no such option at the moment on their website, and this is by far our most serious complaint in this article. Don’t get this the wrong way, this broker’s support team is excellent, but we somehow got used to the fact that we can make contact with the staff with a single click. Still, you will have someone to talk to whenever you need it if you use some of the other available methods, so this is not a big deal, all things considered. ETX Capital review continues in the next paragraph!

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ETX Capital Review | Rates

We mentioned earlier that ETX Capital spreads are very low and can reach as little as 0.7 on the EUR/USD pair. However, this is not the lowest spread you can get on this website, so here we will be analyzing all the numbers that can be applied to your trades on this website, all of which vary depending on what type of trading you’re interested in.
Let’s start with the aforementioned ETX spreads. S+P spreads for CFD trading on this website go down to 0.5 and most forex spreads are below 1, which is all pretty attractive. However, the lowest ETX spreads are those that apply to commodities and equities, with the absolute record being 0.025 for trades concerning silver.
ETX Capital leverage also varies depending on the type of assets you’re trading, but in this case the numbers are more consistent. Most of the most popular assets have their leverage set to 1:200, which is pretty standard in this industry, although things like China A 50 index, for example have lower leverages (in this case, this value goes down to 1:50).

ETX Capital Rates

ETX Capital Rates

Finally, let’s say a thing or two about ETX margins. These vary a lot from asset to asset, but in most cases they do not go over 1%. The only exceptions to this are equities and commodities. The biggest margin we found concerned Australian equities (25%) and natural gas (20%), but this is all still pretty standard when compared to other brokers.
With that, we will move this ETX Capital review on. There are still some very interesting details we didn’t mention yet, and we will correct that in the next part of the guide. Stay with us!

ETX Capital Review | Other features

In a business like this, safety is absolutely vital and all brokers have to have reliable security systems. We took a look at the protection this company has to offer in our Is ETX Capital a Scam? article, so we recommend you head on over there for more info, but we will emphasize here that ETX is fully regulated by the FCA. In short, we firmly believe you won’t find the slightest trace of scam or fraud on this website.
We must also mention that an ETX inactivity fee can be charged to you account if it remains dormant for too long. Fortunately, this will only be done if you don’t open any trades for more than four months, which means you have plenty of time to avoid any financial penalties. The exact amount of the fee for all available account currencies can be found on the broker’s website, but we will just mention the most important ones here: 25 USD, 15 GBP, 20 EUR, 30 AUD/CAD, 2750 JPY etc.

ETX Capital Advantages

ETX Capital Advantages

Don’t forget that you also have the option of creating an ETX Capital demo account. This way you can test the whole website out without any financial risk whatsoever and work on creating new trading approaches and improving your skills. Creating this account is extremely simple because all you have to do is fill out a short form containing your name, e-mail address and phone number and you will be all set. Just remember that you have to have Adobe Flash Player installed to be able to trade here. Pretty much every trading option you have in real trading will be present in trading mode, so you’ll lose absolutely nothing from the regular trading experience. With that, we think we have covered pretty much everything that needed to be covered in this ETX Capital review, but we’re not done yet. We actually managed to talk to some people who’re trade here regularly, so stay tuned to hear what they have to say.

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ETX Capital Review | Comments

It’s interesting to see what other traders have to say about this company, especially considering the fact that the company has been around for a decade and a half. Because of that, ETX Capital comments are pretty balanced and we can safely say that people love trading on this website. Most traders who conduct their business here are pretty experienced and usually have a lot of trading experience. Consequently, they know everything there is to know about the platforms and what to expect from them, which is why we didn’t come across any serious ETX Capital complaints. There were some suggestions what could maybe be done slightly better and where some room for improvement can be found (most people, just like us, noticed that there is no live chat), but the feedback we got can only be described as very positive. Not a very big surprise there, given all the features we analyzed for this ETX Capital review. We insisted on feedback concerning money transfers while we were interviewing people, but it seems that withdrawal problems simply do not occur here. The feedback about the platforms is also very good, so everything you need for a great trading experience really seems to be working perfectly. We think so, and the people who have been trading here for quite some time think so, too. With that, our analysis should be complete. We took a look at absolutely everything ETX has to offer and are extremely satisfied with what we found. The only thing left for us to do is to give you a short recap and wrap the article up.

ETX Capital Home Page

ETX Capital Home Page

ETX Capital Review | Conclusion

So what have we learned during our time on this website? Well, this is a very professional forex and CFD broker; there is no doubt about that. Three different platforms and three different account types should be more than enough to satisfy everyone’s needs, especially when you take into consideration a number of trading options you have on this website. Naturally, you can also download the company’s app and trade on the move for free, but what really impressed us is the number of currencies that can be used with ETX. Apart from that, the number of deposit and withdrawal methods is nothing to sneeze at either, so we think you’re pretty well covered on all fronts. This includes the support, which covers a lot of different contact methods, although, unfortunately, there is no live chat feature at the moment. But this really shouldn’t be a big deal because everything else this broker has to offer works absolutely splendidly. There are some other interesting features you need to be aware of, like the inactivity fee or the rates you can get here, but all in all our ETX Capital review has shown that this company offers a superb trading experience. Therefore, if you want a professional and experienced trading partner, your best bet is to open a trading account here.

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Author's overall rating:
Author: Ben Prescott
Updated:

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