ETX Capital Review and Tutorial 2018
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|ETX Capital Facts & Figures|
ETX Capital are a London based, FCA regulated broker offering tight spreads across a wide range of markets.
|Mobile Apps||iOS and Android|
|FTSE Spread||1 pt|
|Oil Spread||0.06 pips|
|Stocks Spread||From 0.5%|
ETX Capital is a well-established online trading brokerage out of London. The firm has been around since 1965 and is an FCA Authorised & Regulated Forex dealer. As well, they are a member firm of the London Stock Exchange. The ETX company is owned and operated by Monecor (London) Limited, with their financial services registered number 124721. The company’s headquarters are located at: One Broadgate, EC2M 2QS, London, United Kingdom.
Regulation & Reputation
When it comes to online trading, reputation and regulation are of the utmost importance. Without it, there is no saying whether a brokerage is trustworthy or not. As for ETX Capital, the brokerage is highly reputable with over 50 years of experience. ETX Capital is regulated and licensed by the Financial Conduct Authority (FCA), with Financial Services register number 124721. The company takes their registration and reputation very seriously and will implement strict measures to maintain their stance on this. To further back up ETX Capital’s reputation, over the years they have won numerous awards in all aspects of the online trading industry.
ETX Capital features 3 types of trading platforms available to their clients, including ETX Trader Pro, ETX MT4 and ETX Binary.
- ETX Trader Pro
This platform was designed with experienced traders in mind as it comes with a wide array of advanced features and unparalleled access to the financial markets. One of the most impressive features of this platform are the advanced charting tools, which enable traders to choose from as selection of charts and view them simultaneously in different time frames.
- ETX Metatrader4
The most popular trading platform out there is offered by ETX for traders who have become familiar with it and prefer not to learn a new one. This platform comes with a variety of trading features, as well as educational material and excellent security.
- ETX Binary
The company’s most recent platform is the ETX Binary options trading platform. The platform is much like their Trader Pro platform, only it’s used for the trading of currencies, commodities, market indices and stocks through binary options.
ETX Capital keeps things very simple by offering traders only one type of standard trading account. The account can be opened with a minimum deposit of only €100. They do however offer a live demo account in which traders can use virtual money to get a feel for the platform and its software. This trial or demo account is a great way for traders to get acquainted with things before delving in with real money.
Bonuses & Promos
Traders signing up with ETX Capital can receive an initial deposit bonus of up to €3750 and a bonus of €20 just for signing up. These bonus amounts may vary depending on what promotions they have at the time, but at the time of this writing, these are the current bonuses.
ETX traders are blessed with a wide array of financial instruments in a variety of markets including Forex, Commodities, CFDs, Indices, ETFs, and Stocks. With over 6000 different types of financial assets, even professional traders should be impressed. For the trading of forex, leverage is as high as1:200. Leverage for Commodities is at 1:100. As for equities and indices, leverages can range from 1:20 to 1:100.
Another area of excellence for ETX Capital is their level of customer support. Though it’s not offered 24/7 but rather 7:30 am – 9:00 pm from Monday to Friday, the service is phenomenal. Their support is offered in several major languages such as Arabic, Chinese, Czech, Dutch, French, German, Hungarian, Italian, Polish, Portuguese, Romanian, Russian, Spanish and Turkish. All the support options are available through these languages; however, the support options are limited to email and toll-free universal phone, there is no live chat option.
Deposit & Withdrawal
Traders are only required to deposit a minimum amount of €100 to open an account with ETX Capital. This can be done a number of ways including through China UnionPay, Credit/Debit Cards, Giropay, Neteller, Skrill, Sofort, and Wire Transfer. The whole process to do this is made quite simple through ETX’s intuitive platform.
As for withdrawals, ETX Capital will use the same methods as used for depositing funds into a trading account. There are no fees imposed on traders for making a withdrawal, and withdrawals are processed within 1 working day. The fastest methods for withdrawal wire transfers and bank wire transfer, with withdrawal times from 2-3 business days. All other methods of withdrawal take between 3-5 working days.
ETX Capital And Day Trading
- Education – New day traders have access to immense amounts of free educational material with ETX Capital. There is a whole section on their website dedicated to educating traders, complete with live webinars, trader courses, and road shows.
- Trading Tools – Day traders with ETX can benefit from a wide variety of charts with one click trading to achieve the fastest possible execution of trades. As well, traders benefit from a variety of technical indicators.
- Range of assets – There is a massive array of assets to choose from, which makes this brokerage great for day traders who are just beginning or seasoned veterans.
Is ETX Capital regulated?
Yes, ETX Capital is regulated and licensed by the Financial Conduct Authority (FCA), with Financial Services register number 124721.
What methods can I use to deposit funds at ETX Capital?
Deposits can be made through China UnionPay, Credit/Debit Cards, Giropay, Neteller, Skrill, Sofort, and Wire Transfer.
Does ETX Capital accept international traders?
Yes, International traders are accepted except from the United States, Belgium, Canada, Singapore, or any particular country outside the UK that is not intended for distribution to, or use by, any person in any country or jurisdiction that is contrary to local law or regulation.
How long will it take for my withdrawal request to be processed?
Within 1 business day. That is if you have everything set up, and verified with all the right documents.
Is there a fee for making a withdrawal?
No, there are just minimum amounts required for withdrawals.
What is the minimum initial deposit requirement at ETX Capital?
The minimum initial deposit requirement is £100.
ETX Capital accepts traders from Thailand, United Kingdom, South Africa, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use ETX Capital from Afghanistan, Algeria, American Samoa, Angola, Australia, Belarus, Belgium, Bosnia And Herzegovina, Burkina Faso, Burundi, Canada, Congo DR, Central African Republic, Chad, Cote D’Ivoire, Cuba, Eritrea, Guam, Guinea, Guinea-Bissau, Guyana, Haiti, Iran, Iraq, India, Sri Lanka, Lebanon, Liberia, Libya, Myanmar, Macao, Nigeria, Panama, Pakistan, Papua New Guinea, Puerto Rico, Singapore, Somalia, Sudan, Syria, Tunisia, United States, Uganda, Ukraine, Virgin Islands, U.S., Vanuatu, Yemen, Zimbabwe.
|ETX Capital are a London based, FCA regulated broker offering tight spreads across a wide range of markets.|