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Wanna see if ETX Capital is a legit broker? Is ETX Capital safe to trade? It spread is high or low? How to deposit or withdraw funds?

We provide answers to all the questions in this ETX Capital Review.

We check ETX Capital licenses and regulation status. Compared ETX Capital fees like spread & commission from its live account to other 150 brokers. The time for deposit & withdrawal and many more findings you can get in this Review.

What is ETX Capital

ETX Capital is a UK based CFD and Forex broker, established in 1965.

Recently, broker opened additional entity in Cyprus and is operating global proposal under top-tier regulation from UK’s FCA, and CySEC Cyprus.

ETX Capital Highlights

🗺️ Regulated inUK, Cyprus
🛡️ Is ETX Capital safe to tradeYes
💵 EUR/USD spread0.8 pips
🏦 DepositBank Transfer, Cards, e-wallets
💰 Minimum depositUS$100
🏦 WithdrawalBank Transfer, Cards, e-wallets
💻 Trading platformTraderPro, MT4
💳 Trading marketsForex and CFDs on Commodities, cryptocurrencies, indices, stocks, Spread Betting
📈 Number of product4000+
📉 Live chat responseRelevant answers

Regulation

License and regulation are the keys to fund security. We check two points the broker’s background with its licenses, and how trader is protected if something goes wrong.

Is ETX Capital legit

ETX Capital is fully regulated and holding licenses of the top-tier UK Financial Conduct Authority (FCA), also is one of the pioneer counties with long history of operation and good reputation.

Newly established after Brexit entity in Cyprus is also regulated by CySEC.

ETX Capital Licenses and Regulatory status

EntityRegistered inRegulatorLicense no.Status
Monecor (London) LtdUnited KingdomFinancial Conduct Authority (FCA)124721 Currently Regulated
Monecor (Europe) Ltd.CyprusCyprus Securities and Exchange Commission (CySEC)096/08Currently Regulated
ETX Capital Review - Register FCA
ETX Capital Review – Register FCA

Is ETX Capital safe

We consider ETX CAPITAL safe because it is regulated broker. ETX Capital is audited and regulated by top-tier FCA that provides sharp control and great customer protection.

The matter of entity applies differences between regulations and customer protection.

ETX CAPITAL Compensation Scheme

EntityCompensation AmountNegative Balance Protection
Monecor (London) Ltd£85,000Yes
Monecor (Europe) Ltd.€20,000Yes

We recommend registering your account with FCA regulated entity if it is available for you

ETX Capital applies negative balance protection for all retail trader accounts.

Markets and Products

There is a good range of trading products available at ETX Capital, including Forex and CFDs, Commodities, Indices, Stocks.

Bitcoin

Cryptocurrencies, including Bitcoin are available only though European ETX Capital entity and is fully restricted for UK traders due to regulations.

MarketsInstruments
Forex60
ETFs90
Commodities41
Cryptocurrencies5
Shares2500+

Account types

ETX Capital has one single account for trading offered for both trading platforms and is customized according to your choice.

Login

You can login ETX Capital from the official website, there are two domains EU and UK to access Member Area.

ETX Capital Review - Accounts
ETX Capital Review – Accounts

Fees and commissions

ETX CAPITAL fee levels we ranked as low for Forex and average for Stocks based on the instrument and compare to 150 brokers that we check through Live account spread.

Spread for popular instruments we collect for 6 markets and 150 brokers

MarketsInstrumentsLowAverageHigh
ForexEUR/USD0.1-0.91-1.51.6 or higher
IndicesUS 5000.1-0.40.5-1.41.5 or higher
CommoditiesGold0.1-0.40.5-22.1 or higher
StocksTesla0.1-0.50.6-11.1 or higher
ETFsUS Russell 20000.1-0.40.5-1.41.5 or higher
CryptocurrenciesBitcoin0.1-0.5%0.6-0.9%1% or higher

Spreads

ETX Capital fees are all built into a variable spread.

Comparing the spreads derived from Live Account to industry benchmarks, we rank ETX Capital Live Spread low for Forex and average for Stocks and Indices.

Also, spreads are slightly different in each of offered platforms, e.g. EURUSD on MT4 is 1.01 and TraderPro 0.81.

MarketsInstrumentsETX Capital Spread (TraderPro)Other brokers’ avg spread
ForexEUR/USD0.81-1.5
IndicesUS S&P5001.50.5-1.4
CommoditiesGold0.40.5-2
StocksTesla0.1%0.6-1
ETFsUS Russell20001.50.5-1.4
CryptocurrenciesBitcoin5800.6-0.9%

Other Fees

ETX Capital non-trading fees are average. There is no fee for deposits or withdrawals, however broker will charge inactivity fee of 25$ after 6 months no use.

Trading Conditions

ETX Capital trading conditions are good all trading strategies scalping and hedging are allowed, spread betting is available for UK traders.

Trading ConditionsYes/No
Hedging AllowedYes
Scalping AllowedYes
Change Leverage AllowedYes

Hedging is allowed with no restrictions.  

Scalpers are welcomed, Expert Advisors (EAs) and VPS service is available for traders who use MT4.

Leverage is on standard levels according to regulation and entity rules, and is maximum 1:30 for Forex.

Deposit

ETX Capital has no deposit fees. You can use Online Bank Transfer, Credit or Debit cards or e-wallets.

Deposit MethodFunding TimeFee
Bank TransferWithin 2 hours of recevingFree
Credit CardInstantFree
Perfect Money, WebMoneyInstantFree
ETX Capital Review – Deposit and withdrawal – Deposit
ETX Capital Review – Deposit and withdrawal – Deposit

Minimum Deposit

The Minimum deposit is set to a 100$.     

Withdrawal

ETX Capital also adds no fees for withdrawals.

There are five free withdrawals per month allowed and minimum withdrawal amount of 100$, if less than that there is a processing fee of 10$ charged on your side.

ETX Capital confirm and process withdrawal requests within 48h.  

Withdrawal MethodWithdrawal TimeFee
Bank Wire1-2 business daysFree
Credit Card1-2 business daysFree
e-wallets1-2 business daysFree

Bonus

We didn’t find any recent bonus offers or programs at ETX Capital.

Trading Platform

ETX Capital has two options for platform either proprietary ETX TraderPro or use popular MT4.

MT4

MT4 still being the most used and popular platform in the trading world is available for your use via EXT Capital, it is supporting numerous languages and available across all devices Windows or Mac.

Android

Android and iOS mobile App is available either for MT4 platform or proprietary ETX TraderPro App supporting all devices.

ETX Capital Review –Platform
ETX Capital Review – Platform

Research and Tools

Research at ETX CAPITAL is good.

Research and tools mainly the one available on platforms like trading insights, great technical tools, plus you can find Economic Calendar, Analysis, and Market News.  

Technical analysis, fundamental data from leading providers are provided.

ETX Capital Research tools available on:

  • ETX Capital Platforms
  • Analysis section on website
ETX Capital Review – Research
ETX Capital Review – Research

Education

ETX Capital offers quality education content.  

You can learn and access trading tools, Webinars, informative articles, analysis and e-books, well categorised and presented.

At ETX Capital you can learn:

  • Demo account
  • Analysis and Webinars
  • Trading glossary, e-books, quality articles
ETX Capital Review – Education
ETX Capital Review – Education

Customer Service

ETX CAPITAL customer supported is very good.

Customer service agents are multilingual and divided for easier access for existing or new clients. From the downside support is only available 24/5 and Live Chat is not available.

ETX CAPITAL Customer Support supports:

  • Live chat only via Facebook Messenger
  • Phone lines and Call back
  • Email
ETX Capital Review – Customer Service
ETX Capital Review – Customer Service

ETX Capital email response is quick speed, the agents are helpful

Question AskedWe ask about instruments.
Time of ReplyWe sent and email and got answer within a day
Quality of ReplyThe answer was informative.

Conclusion

ETX Capital considered a safe broker, it is regulated by top-tier authority broker and operate for many years.

ETX Capital solely operated UK branch and regulated trading environment, however after Brexit opened Cyprus entity and continue to serve clients.

The trading proposal is good and well balanced, costs are low, platform selection giving you choice between proprietary and popular MT4, also education and research are on a good level.

We recommend ETX Capital for traders who look for good range of products and use different strategies, also using either proprietary or MT4 platforms.

Author of this review

By Jimmy O'Brien

Author of this review

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

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