|Demo Account, Low Value or Micro Account,
|Single Language Phone Support, Single Language Live Chat, Single Language Email Support,
ETX Capital is an international provider of state-of-the-art technology proving online trader’s access to the most competitive prices across more than 6,000 markets. As a leading UK provider of online trading services, international traders gain access to CFD trading services as well as spread betting.
Launched in 1965, the company trading as Monecor Limited. They launched TradIndex in 2002 and in 2007 JRJ Group & BXR Group acquired Monecor, who then relaunched TradIndex under its new title, ETX Capital. A German version of the trading forms and website were added in 2010 and ETX Capital extended its services to Portugal and South Africa in 2011. This was the same year that the company won the Shares and Best Futures & Options Broker Awards.
EXT Capital in 2012 launched ETX MT4 a MetaTrader 4 trading platform and expanded its services to Italy, Spain and Greece, and won the 2012 Best Futures & Options award. 2013 is the year ETX China, ETX Romania and ETX Denmark launched online, while ETX also added an affiliate program and won the Best Forex Trading Tools and Software award at the UK Forex 2013 awards. In March 2014 ETX added binary options services and ETX Trader while Hungarian, Czech, Slovenian, Polish Arabic, Turkish and Russian versions of the website was made available.
ETX acquired Alpari UK’s customer base in 2015, following the collapse in January 2015 of the retail broker and in 2017 a new version of the Trader Pro platform became available, while Bitcoin markets were added at the same time. At the 2017 Shares Awards, ETX won the Best Trading Education award and at the UK Awards in 2017 the Best Forex Educator award. In 2018 several cryptocurrencies trading was added to the platform and again the company won several awards including Best Spread Platform of the Year and Best Education.
Licensing & Regulation
Monecor London Limited trades under ETX Capital and is regulated and authorised by the Financial Conduct Authority, and a member firm of the London Stock Exchange.
ETX Capital’s Binary and Trader Pro apps are compatible with most Android tablets and smartphones using Android 4.0 or later. Both mobile apps can be downloaded free of charge from Google Play Store.
The ETX Traderpro app for both iPad and iPhone are available from the App Store and once it is downloaded and installed traders enjoy benefits such as access to the ETX graphing package, hundreds of live prices, open and close trades, mobile traders can also place orders, set limits, use several technical indicators and view their portfolio balances. Spread betting via the iOS application is currently only available to traders in Ireland and the UK only. The app size is 45.8 MB and is compatible with iOS 11.0 or later and available in English, while it allows up to six family members to share the app.
Brand & Functionality
ETX Capital offers a versatile trading experience to international traders, including free of charge education trading opportunities, while the highest level of security is used to guarantee the safety and security of all clients. ETX provides online trading on numerous equities, financial indices, over 50 forex pairs and numerous commodities.
Before the registration can be completed, ETX Capital also requires your national insurance number, and address. The ETX Trader Pro account offers access to thousands of tradable products, and an advanced suite of graphs and charts. The ETX MT4 option enables the use of automated advisers.
Anyone new to trading can also sign up for the demo TraderPro or MT4 accounts. Accounts not used for a continuous period of 365 days are considered dormant and subject to a monthly fee of EUR 20.00, SEK 200.00 OR USD 25.00. A range of promotional offers is available to ETX account holders, available on request from the account relationship manager.
ETX Capital utilises protocol 3-D secure, designed to add an extra layer of security for debit card or credit card use online, and SSL encryption safeguards all online communication.
Wire, Bank Transfer and Online Bank Transfer currencies accepted includes EUR, ZAR, GBP, RON, PLN, USD, SGD, HRK, HKD, SEK, NOK, JPY, CHF, CAD, DKK, CZK, and AUD, while the processing times is one working day. ETX also accepts deposits via major debit and credit cards and currencies accepted includes EUR, ZAR, GBP, USD, DKK, CZK, PLN, NOK, and CHF. Via China UnionPay deposits are accepted in GBP, RMB, USD, EUR, and via Neteller and Skrill, GBP, USD, and EUR.
ETX Capital offers trading on commodities, equities, indices, forex and CFD. Trading on indices includes a large range including the UK 100, USA’s Wall Street Index, Japan 225, Hong Kong 40, and France 40, while other indices available also include Greece 20, the Switzerland Market index, South Africa 40, Poland 20 and Australia 200. Forex trading includes USDCAD, USDCHF, GBPJPY, EURGBP, EURJPY, GBPUSD, USDCHF, NZDUSD, CADCHF, USDCAD, EURJPY, GBPUSD, GBPEUR, and AUDJPY. Trading on indices includes Spain 35, Hong Kong 50, Euro Stocks, France 40, US Tech 100 and UK 100. Equities include Amazon.com, Volkswagen, Netflix, Ferrari NV, Facebook, Apple, Drax Group CFD and Barclays.
ETX Capital enables traders to execute minimum trade, depending on the account selected during registration, of 0.01 Lot. Maximum trade differs according to the instrument and trader. Currency pairs offered at ETX, 200:1 maximum leverage or on the MT4 platform 400:1. Forex spreads start from 0.7 pips for USD or EUR, while equities are 0.08 indicative spreads, and the minimum spreads on commodities starts from a minimum of three pips, with indices minimums starting at one pip for some of the major indices.
Withdrawals at ETX Capital via Online Bank Transfers, Bank/Wire Transfers, arrives within two to three days, while mayor credit /debit cards take three up to 5 days. Other withdrawal options also include China Union Pay, Neteller and Skrill offering withdrawals within three to five business days. EXT Capital provides clients five free withdrawals per month provided the amount is USD$100 or more within a calendar month, the charges for withdrawals is USD$25, once the five free withdrawals are used.
ETX uses several security measures to ensure client’s money are kept secure, and daily security checks are in place to ensure the highest safety levels, while all account holders funds are kept separate from the money of the company.
ETX Capital offers a contact form for traders to complete should they require assistance, although the support and FAQ section offers detailed answers on technical questions relating to security, payments, MT4 and mobile, while the trading FAQ includes information on trading, platforms, and a guide on how to trade. The FAQ is also available in more than 15 different languages, while customer services are offered in Mandarin, Czech, Polish, German, Spanish, and English. ETX can also be contacted via telephone from Monday to Friday 7:30 am to 9:00 pm via the number displayed on the website, while social media options include LinkedIn, YouTube, Twitter and Facebook.
Anyone new to online trading can benefit from the live webinars, trader courses and road shows made available to all members by ETX Capital. Training is available in English or Spanish and includes Trend Flow Strategies, how to build successful trading plans as well as mastering the limitations and strengths of the relative strength index.
ETX Capital offers the MetaQuotes Software Corporation developed MT4 MetaTrader platform as well as its proprietary TraderPro platform, which had a major update in 2017 when it was converted from Flash to HTML5 to ensure a smoother trading experience. Several advanced features are now available on the TraderPro platform including GTC orders. Users can also add a trailing-stop and guaranteed stop loss order. Trade via mobile apps offers a full range of trading services via either Android or iOS apps.