ETX Capital Review

ETX Capital

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Who Are ETX Capital?

ETX Capital have been established since 2002 and their head office is in the UK. They are a very reputable online broker that are fully regulated by the Financial Conduct Authority, UK (FRN: 123721). ETX Capital is a secure broker that puts all client funds in segregated bank accounts in tier-1 banks.

You can open a live account with ETX Capital by making a minimum deposit of £100. If you want to try ETX Capital first you can do so by opening a demo account which would be perfect to try their trading platforms and also familiarise with the tools available.

Below you will find all the details about ETX Capital’s spreads, fees, platforms and trading features but our suggestion is that you open a demo account now so that you can touch with your own hands all the pros and cons highlighted in this ETX Capital Review.

What are ETX Capital’s spreads & fees?

Similarly to the majority of online brokers ETX Capital will make their commission from the spread. The spread is the difference between the buy and sell price of a financial instrument.

Below we have displayed the minimum spreads listed on ETX Capital’s website. As you can see we have used colour bars that display how competitive are ETX Capital’s spread to the other top online brokers listed on TopTradingPlatforms.co.uk

Variable

CTX Variable

Fixed

ETX Capital Fixed
Please note that spreads are dynamic, can change are only presented for information. As we can see ETX Capital’s minimum spread for trading EUR/USE is 0.6 pips – compared with the average EUR/USD spread of 0.82 pips. So as you can see ETX Capital have rather low spread which means the commissions you will pay per trade will be lower than the average.

What is ETX Capital trading experience?

Trading Platforms

ETX Capital offer to their members the top of the range MT4 forex trading platform. In addition to the MT4 ETX Capital are also offering their custom made TraderPro platform. This online broker offers also a range of downloadable platforms for both Mac and Windows which allows traders to trade with their device of choice. If you are a trader on the go you can use their platforms app which fully compatible with iOS and Android devices.

ETX Capital Platforms

If you prefer automated trading than MT4 is the best trading platform for you. ETX Capital has an AutoTrader platform that makes it easy to use the automated Expert Advisors (EAs). Traders that are using Expert Advisors can set up parameters for their trades and than just wait for the automated responses. This means that trades don’t have to be in front of the computer or mobile to close the trades. Another important tool that is enabled on ETX Capital MT4 platform is the ability to support multiple charts. This functionality is very important as traders can get real-time data that can instruct the decisions. In different markets things change continuously and having the opportunity to monitor those in real time can make the difference when trading.

Another important thing to note is that ETX Capital MT4 platform has a watchlist feature. A trader can switch this functionality on and keep an eye on specific markets. There is also a drop and drag function on the platform so that traders can add markers to the list.

MT4 platform offers traders leverage rates of up to 200:1. This functionality as we have seen previously allow the potential return that a trader can get when starting with a very low capital. In this platform traders can also use micro lots which means it is possible to execute smaller trades.

MT4 on Mobile

If you are on the go ETX Capital is the broker for you. They offer MT4 platform that allows traders to trade wherever they are even with automated trading. All traders need to do is download the app on Android devices or iPhones or tablers. Mobile apps are available in many different languages.

Executing Trades

ETX Capital permits you to execute a minimum trade of 0.01 Lot. This will however depends on which account you will open with this online broker. In regards to the maximum trade the requirements are different depending on the trader and the instrument used.

ETX is a market maker so have normally lower entry requirements if compared with an ECN broker. Market markers like ETX Capital have lower minimum deposit, smaller minimum trades requirements and also no commission on trades. Similarly to other brokers margin requirements depend on the trader, accounts and instruments and you can see the full list on their website.

ETX Capital Key Information

  • Established: 2002
  • Regulation: Financial Conduct Authority
  • Min Initial Deposit: £100
  • Max Leverage: 200:1
  • Spreads From (EUR/USD):0.6 pips

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PROS

tickSegregated Clients Funds

tickEstablished in 2002

tickFully Regulated by Financial Conduct Authority

tickMin deposit low from £100

CONS

ConsDoesn’t Allow Scalping (see alternatives)

ConsNot CySEC Regulated (see alternatives)

General Fees

  • ETX Capital does charge inactivity fees
  • ETX Capital doesn’t charge withdrawal fees*

Overnight fees & swap rates 

  • The rollover fee for long positions on EUR/USD is -$14.10
  • The rollover fee for short positions on EUR/USD is $1.4

Commissions

  • ETX Capital does charge commission on CFD shares