ETX Capital Logo

FSCS coverage:

 

Yes

Regulated by:

 

FCA, CySEC

Mobile app:

 

iOS and Android

Account types:

 

Individual

Editorial Rating

ETX Capital Logo

Editorial Rating

ETX Capital Review

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FSCS coverage:

 

Yes

Regulated by:

 

FCA, CySEC

Mobile app:

 

iOS and Android

Account types:

 

Individual

Account minimum:

 

100 units of your base currency

Inactivity fee:

 

No

ETX Capital Logo

Editorial Rating

Our ETX Capital review will reveal everything you need to know about this CFD trading platform. We’ll look into the different features, fees, and services. But first, we must start with a word of warning!

Spread betting and CFDs (contracts for differences) allow you to play the markets without actually buying stocks. Instead, you can use established trading strategies, expert tips, or gut instinct to predict price movements and invest accordingly.

Financial derivatives, like CFDs, can certainly offer high rewards. But they pose a risk too, which is why the ETX demo account is so important. As well as finding the right broker for your needs, you’ll want to plan trades carefully and continually assess your risk tolerance.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

What Is ETX Capital?

Let’s start this ETX Capital review by explaining what it is all about!

Styled as a boutique broker, ETX Capital specializes in CFDs and spread betting. It offers access to over 5,000 markets. Users can trade Forex, indices, share prices, commodities, and cryptocurrencies. While focused on individual accounts, the company has recently launched corporate brokerage services too.

Based in London, ETX Capital trading platform has built up a good reputation in the industry. It’s regulated by the Financial Conduct Authority in the UK and CySEC in Cyprus.

Read on to find out everything you need to know about ETX Capital and decide whether it’s the right broker for you!

How to Use ETX Capital

Before you sign up for ETX Capital investing, you’ll need to know how to use it. Fortunately, the company’s leading trading venue, ETX TraderPro, is highly intuitive and user-friendly. What’s more — an unlimited Demo Account ensures you can familiarize yourself with the platform before you add funds to your account.

What are the account requirements?

The ETX Capital minimum deposit is just 100 units of your base currency ($100, for example). This, coupled with the fully digital account setup, makes it easy to register.

You simply need to select your base currency (USD, GDP, EUR, etc.) and input your personal details. These include your name, phone number, and email address. Later on, you’ll need to supply some additional information, such as your address and country of residency. Also, you’ll have to answer some questions to confirm your financial knowledge. Once you’ve done this, you can verify your ID by uploading a copy of your passport or driving license and a bank statement or utility bill.

You’ll have the option to choose between two ETX Capital account types: ETX TraderPro and ETX Capital MT4. TraderPro is ETX Capital’s flagship platform and is packed with features. But if you’re used to MT4, you might want to stick to what you know. Once registered, you can ask to have both platforms linked to your account.

How to start trading on the ETX Capital?

Once you’ve completed the signup process and uploaded your verification documents, most accounts are opened on the same working day. So you won’t have to wait long to start trading.

You can add more funds to your trading account and choose which markets to explore or start placing trades straight away. However, you might want to practice with an ETX Capital Demo account first or use ETX Capital’s handy Education tools to enhance your knowledge.

Funds can be added to your account via bank transfer or credit/debit card. Online payment options, like Skrill and Neteller, are also available. While bank transfers can take 2-3 hours, the other deposit methods are instant.

What can you trade?

As mentioned above, ETX Capital gives you access to more than 5,000 markets. When using ETX TraderPro or MT4, you can trade on the ETX Capital Forex platform and access CFDs, indices, cryptocurrencies, shares, and commodities.

What tools are available?

ETX Capital offers a range of charting and educational tools. Yet its research capacities are somewhat limited. The broker publishes market news regularly on its website, but fundamental data is not currently available.

However, you will find plenty of educational resources on the ETX Capital mobile app. This makes it easy for novice traders to learn the basics of CFD trading, spread betting, Forex, desktop version.

In addition to interactive webinars, the brokerage firm offers ‘How To’ guides covering indices, commodities, and cryptocurrencies, including Bitcoin regulation and other important subjects. Also, you can get a general overview of trading options with ETX Capital’s ‘Learn’ series. They feature essential information on risk management, margin, and tradable assets.

How does the platform work?

ETX Capital’s in-house platform, TraderPro, operates as a web and mobile trading venue. On the other hand, MT4 is available as an ETX Capital app and desktop platform.

When using TraderPro, it’s easy to search for assets or browse the markets. And once you’ve decided what to trade, you can place various orders, including Market, Stop, Limit, Stop trailing, One-Cancels-the-Other (OCO). Also, if you want to add time limits, TraderPro enables you to set Good ’til canceled (GTC), Good ‘til time (GTT), or Good ‘til date (GTD) limits. Plus, there are various ETX Capital deposit methods to top up your account.

Since the TraderPro platform is highly customizable, it’s easy to set your preferences and make it as user-friendly as possible. What’s more — price alerts via mobile push notifications or emails mean you can follow the markets at all times.

Is there a client portal?

Many people look for thorough ETX Capital reviews to understand if there is a client portal and how it works. The good news is that there is a client portal!

Once you’ve opened an account, you’ll be able to log in to the ETX Capital website and view account information, access the web-based TraderPro platform, or install the MT4 desktop platform. You can also use the client portal to deposit funds to your account, make withdrawals, view your portfolio report, or contact customer support.

ETX Capital Fees

When it comes to trading, ETX Capital’s Forex fees are fairly low, but its CFD fees are relatively high. The costs depend on which markets you’re trading on. For example:

Assets Fee level
Europe 50 CFD Fees built into a spread, 2 points average spread cost during peak times
S&P 500 CFD Fees built into a spread, 0.5 points average spread cost during peak times
EUR/USD When using ETX TraderPro, the fees are built into the spread and are 0.6 points during peak times, on average

Non-trading ETX Capital fees are as follows:

  • Deposit Fee — Non-existent.
  • Withdrawal Fee — £10 for each withdrawal under 100 units of base currency (e.g. $100, £100, etc.) Users get five free withdrawals over 100 units of base currency per month, with a £10 withdrawal fee being applied for additional withdrawals within the same period.
  • Inactivity Fee — No.

ETX Capital Mobile App

ETX Capital offers two mobile apps: ETX TraderPro and ETX Connect.

The TraderPro app enables you to access the firm’s native trading platform on mobile devices. And ETX Connect acts as a social hub and mobile community for ETX clients.

Both apps are available on iOS and Android. As noted by consumers in numerous ETX Capital reviews, the applications offer an easy-to-use UI and user-friendly experience.

ETX Capital Customer Service

You can contact ETX Capital’s multi-language customer support team via email, live chat, or phone.

Typically, calls are answered swiftly, and representatives are helpful and knowledgeable, whether you have a query about ETX Capital stocks, Forex, your account, or anything else.

However, ETX Capital doesn’t offer 24/7 support. If you’re an existing customer, you can access their assistance team between Sunday 9:30 p.m. and Friday 10:00 p.m., GMT+1. And new customers will need to get in touch between Monday 7:30 a.m. and Friday 9:00 p.m., GMT+1.

ETX Capital Alternatives

See how ETX Capital stacks up when compared to other popular trading platforms and brokers:

ETX Capital vs IG

As our IG review explains, the platform offers more trading options than ETX Capitals. Yet it also has relatively high trading fees. In addition to this, IG charges a $12 a month inactivity fee if you don’t use your account for two years. However, the platform is easy to use and offers similar educational tools to ETX Capital.

ETX Capital vs Interactive Brokers

Interactive Brokers offers a broader range of trading options, including ETFs, funds, and bonds. This may appeal to some traders. And while the minimum deposit of $50 at Interactive Brokers is less than at ETX Capital, it can take 1-3 days to open an account. This may put many users off. We have an in-depth Interactive Brokers review that can provide further insight.

ETX Capital vs eToro

While ETX Capital features a variety of educational tools, it lacks research and analysis. eToro, on the other hands, offers plenty of research tools, so it might be the preferred option for users who want to emulate other traders. However, eToro charges relatively high non-trading fees, which users could avoid with ETX Capital. Check out our eToro review for further details.

ETX Capital vs Oanda

Oanda offers a similar range of trading options to ETX Capital. Yet, its Forex fees tend to be higher. In addition to this, it can take 1-3 days to open an account with Oando, and there’s an inactivity fee.

Wrap Up

As outlined in our ETX Capital review, the platform is customizable, intuitive, and easy to use. And while it may not offer as many trading options as some other online brokers, it does deliver excellent customer service and provides access to more than 5,000 markets.

So ETX Capital may be a good choice for you, as long as you trade responsibly. Don’t forget about the risk associated with CFDs.

Pros

  • Multiple ways to deposit funds
  • Free withdrawals available
  • Low Forex fees
  • Fast, digital account setup

Cons

  • Limited research tools
  • High CFD fees
  • Only Forex, Crypto, and CFDs available
ETX Capital Logo

Editorial Rating

FAQ

Who owns ETX Capital?

UK-based financial services firm Monecor (London) Ltd owns ETX Capital.

Does ETX Capital allow scalping?

No, you are not permitted to use ETX Capital for scalping purposes.

Is ETX Capital a market maker?

Yes, ETX Capital is a market maker. It provides an effective platform for spread betting and contracts-for-difference (CFD) trading.

Is ETX Capital legit?

Yes, we can confirm in this ETX Capital review that the broker is legit. Regulated in the UK and Cyprus and covered by the Financial Services Compensation Scheme, ETX Capital has a good reputation as an online trading platform.