ETX No longer offer binary options.
They still offer forex and CFD trading.
|Support Types||Email, Telephone, Web Form|
|Languages||Arabic, Chinese, Czech, Dutch, French, German, Hungarian, Italian, Polish, Portuguese, Romanian, Russian, Spanish and Turkish|
|Minimum 1st Deposit||£/$/€200|
|Minimum Account Size||£/$/€200|
|Minimum Trade Amount||Minimum bet size of 50p (Subject to Margin Requirement)|
|Bonus||Deposit match from 20% to 50% based on deposit size. Up to a maximum bonus of £5000|
|Regulator||Financial Conduct Authority, UK|
|Deposit Methods||Major Credit Cards & Wire Transfer|
|Trading Methods||Spot Forex, CFDS, Classic Binary Options, 60 Second Options, Long Term Options, Pairs Options & Spread Betting|
|Number of Assets||N/A|
|Asset Types||Currencies , Commodities , Indices , Stock|
Formerly known as TradIndex, ETX Capital is a cutting edge online trading services provider that is owned and managed by Monecor Ltd. Based in London UK, ETX Capital is regulated by the Financial Conduct Authority (FCA) under the registration number 124721. Operating since 2002, ETX Capital is no newcomer to the online trading industry. In fact the parent company, Monecor Ltd, has been around since 1965. With a single trading account, ETX Capital’s traders can trade with four different types of trading platforms with access to more than 6000 different instruments. While ETX Capital doesn’t offer their traders the benefits of social trading, they still have plenty to offer.
Trading Platform & Features
Unlike most other brokers, a key advantage to ETX Capital is the ability of traders to access 4 different types of trading platforms with just one trading account. With just a single trading account, traders on this platform can trade binaries with the ETXBinary platform, spread betting with ETX Trader and spot forex with TraderPro. For the more sophisticated traders, ETX Capital also offers them the benefits of the popular MetaTrader4 platform. The MT4 platform allows traders to customise their trading activities with expert advisors (EAs) leaving them with more free time to concentrate on their analysis of the markets.
In addition, all the above mentioned platforms are also mobile compatible. ETX Capital has made it easy for their traders to access their trading accounts from anywhere around the world with just a smartphone or mobile device by just downloading their free trading apps from Goole Play or Apple Store.
ETX Capital’s traders can access over 6000 different types of financial assets with their trading platforms. For Forex, the available leverage is as high as 1:200. For commodities, the leverage is slightly lower at 1:100. Apart from commodities and forex, traders can also trade in equities as well as market indices. The leverages offered by these instruments ranges from 1:20 to 1:100.
ETX Capital only offers one standard type of trading account for their traders. Opening a live trading account is a simple process and only requires a few clicks of the mouse. To makes things even easier, ETX Capital only require a minimum deposit of £/$/€200 depending on the currency chosen for the trading account. Demo accounts are also available in case traders wish to test out the trading platforms first before they commit any real money.
The standard of customer support at ETX Capital is to be commended. While the support services are not available 24/7, they are available in several major languages such as Arabic, Chinese, Czech, Dutch, French, German, Hungarian, Italian, Polish, Portuguese, Romanian, Russian, Spanish and Turkish. The only drawback with the support services is the lack of live chat. All requests for support have to be channelled through the email or through a toll-free Universal International Freephone Number (UIFN).
Spreads, Payouts & Bonuses
As for the spreads payable, traders can choose between fixed (ETXTrader) and variable spreads (ETXCapital & ETX MT4). The lowest spread starts from 0.7 pip for the popular EUR/USD pair. As for bonuses, they go up to as high as 60%. However, in order to qualify for the bonus, traders are required to place a minimum of £/$/€1000 in deposits.
While this broker might not be the largest broker around, they still have a lot to offer to traders in terms of quality services. Apart form being able to trade with multiple trading platforms, traders at ETX Capital gets to enjoy ultra tight spreads as well as dedicated customer support.