ETX Capital CFD Broker Review 81

ETX Capital is a leading provider of trading options in CFDs, binary and forex. Traders can access a wide range of markets, 6,000+ at this fully regulated brokerage. The company offers multiple trading platforms in the form of TraderPro, MT4 and Binary. Based out of London and operational globally, this world-class CFD broker raises the bar in the financial trading arena.

Overview/Background

ETX Capital is first and foremost a leader in terms of trading platforms. With 6,000+ financial instruments available to trade, novices, intermediate-level traders and experts will be plenty stocked up on variety. ETX Capital goes above and beyond in terms of its range of offerings and benefits. Many such services are offered on a complimentary basis to clients. For example, the following features are available:

  • 3 Professional trading platforms (ETX Binary, ETX MT4, and ETX TraderPro).
  • Customer support is available in 15+ languages including Mandarin, French, Greek, Polish, German and Spanish.
  • High Leverage and Tight Spreads (currency pairs 0.7 pips), equities (0.08), commodities (3 pips), and indices (minimum 1 pip).
  • Mobile trading on Android, iPad and iPhone devices.
  • Segregated accounts for traders at investment-grade banks in the UK.
  • 50+ currency pairs, scores of commodities, and thousands of stocks.

The educational options available at ETX Capital are numerous and include trader courses, seminars and live webinars. Regularly scheduled events are posted under the education tab for traders to enhance their knowledge of the markets. What’s great about the online trading platform is that you can try out any of the professional, real-money trading accounts in a demo mode. The company trades under the name Monecor Ltd., in London, with registration #0085 1820. It is also registered with the FSR #124721 and regulated by the FCA. ETX Capital won the Investment Trends Award in 2013 for Best Value for Money, the UK Forex Award in 2013 for Best Forex Trading Tool and Software, and the 2012 Award at the Money AM Awards for Best Online Charts.

Account Types

There are 3 standard real-money trading accounts at ETX Capital. These include the following:

  • MT4 Sign up
  • Binary Sign up
  • TraderPro Sign up

Note: Binary, MT4 and TraderPro are also available in a demo trading mode. This is a complimentary service available to registered traders.

Trading Platform/Software

With each of these accounts, traders can also enjoy demo account signups. The process of signing up for an account requires you to enter your email address, password and then agree to the privacy policy. It is also possible to sign up for a corporate ETX Capital account by calling the number on screen, or contacting accounts by email. Once you have signed up, you will need to validate your account online. Then, you will have access to the TraderPro platform where you can see a wide range of popular markets.

These include FX, indices, equities, commodities, bonds and/or interest rates. The trading platform is available in a grey/gold/black colour configuration, and you will have to scroll down the list to find the financial instruments you’re interested in. The 3-step process for signing up for a TraderPro Account requires the input of personal information (first name, last name, email, contact number, date of birth, gender, promotional code), address details, and then trading and financial information.

CFD traders will find the trading platform particularly exciting. CFD trading is permitted on equities, commodities, indices, and forex. A comprehensive education on contracts for difference trading is available. This includes how to trade, trading on mobile and so forth. This CFD trading options are only available on TraderPro and MT4 however. The trading platforms cater to mobile CFD traders as well on iPad, Android and iPhone devices.

Deposit Options

From the support page, you can go to your account and then scroll down to your funds. The customer support options are useful for all deposit/withdrawal-related activity. The deposit options available to CFD traders include: credit cards, debit cards, bank transfers and Skrill. Fortunately, SSL security and-encryption protocols are in place at all times, guaranteeing the integrity of traders’ financial and personal information. All client accounts are kept in a segregated account at a reputable UK bank.

Markets

CFD traders will find a huge range of markets available, with up to 6,000 financial instruments waiting to be traded. With CFD trading, it is possible to trade on commodities, equities, indices, and currency pairs.

Indices:
CFD indices include Poland 20, Greece 20, Switzerland Market Index, Japan 225, Hong Kong 40, Wall Street index, France 40, Germany 30, UK 100, South Africa 40, Australia 200 and scores of others.

Commodities:
CFD commodities include copper, silver, palladium, gold, and platinum in the metal sector. For energy, there are CFDs on gasoline, WTI crude oil, Brent crude oil, natural gas and heating oil. Soft commodities include cocoa, orange juice, soy beans, coffee, sugar, oats, wheat and corn.

Equities:
CFD equities trading covers stocks from Singapore, Australia, the United States, South Africa and 18 European countries. There are literally thousands of popular options available including Google, Facebook, Twitter, Alibaba, Cisco, Costco, Bank of America Merrill Lynch, Wells Fargo and scores more.

Forex Trading:
CFD forex trading encompasses 50+ currency pairs including exotic pairs, minor pairs and major pairs. Popular options include the USD/JPY, EUR/USD, EUR/GBP, GBP/JPY and the USD/ZAR.

There is a contact us page which details the Freephone UK number (0 800 138 4582) and an international number +4402073921400. The fax number is +44 (020) 7392 1414. Office hours are from 7:30 AM through 9 PM GMT. Email queries can be directed to the following address:  [email protected] Customer support representatives are highly responsive, courteous and professional at all times.

Safety

CFD traders needn’t worry about the safety and security of their personal information. The trading platforms are guaranteed secure, with SSL technology. It features a Cyber Essentials badge for guaranteed security. Traders must be 18+ years of age from regulated jurisdictions to start trading. The platform is regulated and authorised by the Financial Conduct Authority (FCA) with the following Financial Services Number 124721.

Ease-Of-Use

As a CFD trader, you will find this brokerage easy to navigate. There are 3 accounts available to all traders including TraderPro, MT4 and Binary. However, only the first two are applicable to CFD trading. Traders can also enjoy the demo trading account option at their leisure. Demo accounts are available for each of the 3 trading accounts offered. The categories are neatly laid out for quick and easy usage. These include currency pairs, CFDs, binary, indices, equities and commodities. Registration is a breeze and can be completed within minutes. What is particularly exciting about this trading platform is the free education courses on offer. These include webinars and seminars. As an introduction to ETX Capital, CFD traders can take a look at the video which introduces the financial markets in an easy to understand way.

Final Thoughts

ETX Capital markets touts itself as the quintessential UK-based trading platform. It offers a full range of financial instruments including currency pairs, CFDs, indices, commodities, equities and binary options. Traders can instantly enjoy a demo account and a full spread of education resources available. CFD rates, trading tips, instructions and definitions are available to make it really easy to understand the intricacies of the market. Thanks to competitive spreads and the mobile option, CFD traders can easily select their preferred trading format and enjoy secure trading at all times.

Pros

  • Licensed and Regulated
  • 6,000+ Financial Instruments
  • MT4, Binary and ProTrader Platform

Cons

  • No Bonuses or Promotional Offers
  • FAQ section often returns no results
  • No information on banking options presented
ETX Capital Overview
Regulation: FCA
Assets offered: CFDs, Forex, Currencies, Indices, Commodities
Minimum Deposit: $100
Deposit Options