Trade Broker ETXCapital.com Review
ETX Capital is a broker that has been around for many years, it offers favourable trading conditions and competitive spreads, its own platform is limited by multi-asset platform standards. On MT4 it has higher spreads as well as fewer markets available, but thanks to its long presence and strong regulation it remains the choice to consider for intermediate investors.
| FOUNDED | 2002 |
| BROKER TYPE | SB, CFD |
| TRADING PLATFORMS | MT4, TraderPro |
| ACCOUNT TYPES | Standart |
| LEVERAGE – retail | 1:30 |
| LEVERAGE – global / pro | 1:300 |
| SPREAD – standart account | From 0.6 pips |
| MINIMUM DEPOSIT | 100$ |
| MINIMUM TRADABLE VOLUME | 0.01 Lot |
| DEPOSIT/FUNDING OPTIONS | Bank transfer, Credit/Debet card, Electronic wallet |
| WITHDRAW OPTIONS | Bank transfer, Credit/Debit card |
| SUPPORT | 24/5 |
| REGULATIONS | FSCA |
ETX Capital is part of the Monecor Limited group, in operation since 1965. ETX Capital is a Cypriot broker-market-maker for online trading in Forex, CFDs (contracts for difference), stocks, commodities, indices and cryptocurrencies, with the ability to trade on over 6,000 assets. The ETX Capital brand appeared in 2007, but the company was already operating under the Tradindex name. The advantage of ETX Capital is its many years of experience, which has enabled the company to build strong relationships with its clients and create an ideal environment for both experienced and novice investors.
Every client can choose the most suitable account for him, and each current account has the same features and modes without distinction of race, religion or any other client factor.
There are no VIP current accounts, Islamic accounts, small accounts etc. Each current account operates in the same Market Maker mode, with the same spreads, the same availability of professional customer support etc.
ETX Capital offers 2 platforms: Metatrader 4 and its own ETX Trader PRO, which matches most Forex and CFD brokers online.
ETX Trader Pro ETX TraderPro is ETX Capital’s proprietary platform designed for traders of all levels, with a functional and easy to read interface. The trading platform allows trading directly from the chart, which greatly speeds up order execution, but also the classic method, i.e. clicking on the desired asset to open the order screen to have a clearer idea of the leverage applied and the margin required to open the order.
The chart also has the option of setting a stop loss and take profit with the mouse, so you can adjust it directly at a visual level. TraderPro contains many interesting charting tools, including classic technical analysis tools, as well as many functional and popular indicators needed to optimize your trading strategies.
At the end of the day, ETX TraderPro has a good interface, clear and easy to use, although it is inferior to standard industry platforms for multi-asset trading, it is good for both experienced and inexperienced traders.
Metatrader 4 MetaTrader 4 is the platform with which all experienced investors are familiar and it is the number one software for online trading. Its great advantage is the great ease of use and configuration, which makes it a great working environment not only for experts, but also for investors taking their first steps. A very important tool of the platform are expert advisors, indicators that allow you to automatically trade on Metatrader 4, which can be added manually or purchased from MetaQuotes Marketplace and which are practically the flagship of the platform. On the other hand, the MetaTrader 4 offered by ETX Capital does not have all the assets offered on ETX TraderPro and also has a slightly higher spread cost on less liquid assets. Therefore, it is clear that ETX Capital is targeting its ETX TraderPro platform rather than MT4.
Trading terms, accounts and minimum deposit ETX Capital offers two trading accounts: a retail account and a professional account. The retail account has a minimum deposit of €200 and offers very competitive low spreads. For example, the CFD on the euro-dollar pair is a minimum of 0.6 pips, which is a very good spread among the forex brokers we tested, with a maximum leverage of 1:30 on forex CFDs as required by the recent ESMA regulations. A professional real account has a maximum leverage of 1:200 and the ability to meet at least 2 of the 3 requirements set out by ESMA, namely: 10 quarterly trades of a significant amount of €500,000 in liquid assets 1 year of experience in the financial sector Scalping is prohibited on ETX Capital, while hedging is allowed on several assets.Guaranteed stop-losses are only available on certain instruments for retail investors and on a fee basis for professional clients.
In terms of managing its funds, ETX Capital provides 5 free monthly withdrawals, as long as they exceed €100, while bank transfers, credit cards, Neteller, Skrill, Sofort, Giropay, China Union Pay can be used for deposits.
The free demo account is available as soon as you register on the website, has a duration of 30 days and a capital of €10,000 with default leverage of ESMA and allows you to test the broker’s platforms before opening a live trading account.
Etx Capital offers 6 different CFD trading instruments to choose from:
- forex (currency trading)
- cryptocurrency
- binary options
- stocks
- commodities
- indices
It is therefore very interesting both for the novice trader who wants to make his first steps in the world of investments and is looking for more reliable markets, as well as for the expert who is looking for a wide range of products and possibilities.
It can be said that Etx Capital is a safe broker because it is regulated and registered with the FCA (Financial Conduct Authority), moreover the trading instruments are numerous (stocks, currencies, commodities etc.) and therefore adaptable to any need.
The choice between the three trading platforms allows you to choose the one that you feel is safest, the opinions of users online are generally positive.
The platform created by this broker is also very popular with newcomers, who can always improve their skills by taking advantage of the free demo version.
The key reasons for choosing this broker are the vast global markets, expert customer support and the ability to buy indices, cryptocurrencies, stocks and commodities with a wide range of choices.
We would also like to add that the spreads offered by ETX are very tight, the pool of liquidity allows them to offer their clients the best prices with spreads that are certainly lower than what we are used to seeing from other trading brokers.
Customer Support at ETX Capital
ETX Capital supports a wide range of languages including English, French, Spanish, German, Polish, Czech, Greek and Mandarin.
ETX Capital has a double AA support rating because ETX Capital offers chat and email support in multiple languages.
