Warning: Trading CFDs is high-risk and you may end up losing more than your initial deposit. Please make sure you fully understand the risks involved before you start CFD trading.

ETX review

0.1% commission £5,000 bonus

Etx Capital review

Overall rating:

ETX Capital is a company that specialises in trading platforms, allowing customers access to an wide range of markets. These include CFDs, spread bets, commodities, stock indices, bonds, interest rates and equities. Regulated by the Financial Conduct Authority (FCA), ETX Capital has grown considerably over the years, largely down to its well rated customer service. Their approach to customer service is consistent across their business, making ETX Capital a uniquely personal trading experience.

Platforms for Trading

ETX Capital provide clients with access to two types of trading platforms; ETX Capital Proprietary Platform and ETX MetaTrader 4 (MT4)

ETX Capital Proprietary Platform

ETX Capital offers a technologically advanced proprietary trading platform. The platform is fast, allowing trades to be executed within a short time span of less than a second. This allows traders to lock in their desired prices. ETX Capital offers specialist features to help to decrease the traders' trading time. These are trade-through charts capability and one click trade execution. The ETX Capital Proprietary Platform also includes features such as guaranteed stops and watchlists, offering many advantages when executing trades.

ETX MetaTrader4 (MT4)

MetaTrader4 is the most well-known and widely implemented trading platform within the financial trading industry. This is largely down to the fact that MT4 offers a range of advanced tools, ideal for technical analysis and charting purposes. MT4 is also extremely customizable.

Bonuses

ETX Capital offer welcome bonuses that are dependent upon your first deposit, with bonuses reaching up to 50%.

Commission and Spreads

Spreads can be fixed or variable. ETX offers fixed, extremely competitive spreads, with spreads for major currency pairs (GBP/USD AND EUR/USD) at a spread of 1.5 pips. Lower still, spreads for indices come in at 1 pip. ETX have recently begun to offer variable spreads for their most popular currency pairs. The EUR/USD comes in at as low as 0.7 pips and the GBP/USD at 0.9 pips. ETX Capital is constantly monitoring their prices to offer the tightest spreads at all times. Therefore, traders should watch variable spreads constantly.

ETX offer a maximum leverage of 400.1, though increased risk must be expected with increased leverage.

Customer support

ETX Capital offer unrivalled customer support, available in numerous languages. These include Chinese, French, German, Greek, Italian, Danish and Spanish. The main support, however, is conducted in English and prominent through the UK's website. You can get in touch with the customer support team through email, by fax and by telephone.

Reliability

ETX Capital has separated client accounts and daily Financial Resource calculations in order to comply with the Financial Conduct Authority. ETX Capital is fully authorised and regulated by the FCA, allowing traders to participate in the Financial Services Compensation Scheme (FSCS). This allows traders to claim compensation of up to £50,000, in the event that the company goes into liquidation. Traders are therefore given peace of mind.

Pros

ETX Capital is a reliable, award winning trading broker with many positive features:

  • Variety of trading markets
  • FCA authorised and regulated
  • Free trading education
  • Global reach with localised customer support
  • Multi-screen platforms, including mobile
  • Unrivalled customer service
  • Tight competitive spreads
  • Traders eligible to participate in FSCS

Cons

  • ETX Capital's homepage may offer some confusion; navigating around the website could be improved

Conclusion

ETX Capital is both reliable and legitimate. Their operations are run with integrity, making ETX Capital one trading broker that traders can trust. ETX Capital has ensured it complies with regulations in order to deliver traders the highest level of security and a safe trading environment. Their long track record and awards make ETX Capital a solid choice for traders of a range of experience.