ETX Capital Review

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 in	UK, Cyprus
🛡️ Is ETX Capital safe to trade	Yes
💵 EUR/USD spread	0.8 pips
🏦 Deposit	Bank Transfer, Cards, e-wallets
💰 Minimum deposit	US$100
🏦 Withdrawal	Bank Transfer, Cards, e-wallets
💻 Trading platform	TraderPro, MT4
💳 Trading markets	Forex and CFDs on Commodities, cryptocurrencies, indices, stocks, Spread Betting
📈 Number of product	4000+
📉 Live chat response	Relevant 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

Entity	Registered in	Regulator	License no.	Status
Monecor (London) Ltd	United Kingdom	Financial Conduct Authority (FCA)	124721	Currently Regulated
Monecor (Europe) Ltd.	Cyprus	Cyprus Securities and Exchange Commission (CySEC)	096/08	Currently Regulated

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

Entity	Compensation Amount	Negative Balance Protection
Monecor (London) Ltd	£85,000	Yes
Monecor (Europe) Ltd.	€20,000	Yes

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.

Markets	Instruments
Forex	60
ETFs	90
Commodities	41
Cryptocurrencies	5
Shares	2500+

Account types

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

Markets	Instruments	Low	Average	High
Forex	EUR/USD	0.1-0.9	1-1.5	1.6 or higher
Indices	US 500	0.1-0.4	0.5-1.4	1.5 or higher
Commodities	Gold	0.1-0.4	0.5-2	2.1 or higher
Stocks	Tesla	0.1-0.5	0.6-1	1.1 or higher
ETFs	US Russell 2000	0.1-0.4	0.5-1.4	1.5 or higher
Cryptocurrencies	Bitcoin	0.1-0.5%	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.

Markets	Instruments	ETX Capital Spread (TraderPro)	Other brokers’ avg spread
Forex	EUR/USD	0.8	1-1.5
Indices	US S&P500	1.5	0.5-1.4
Commodities	Gold	0.4	0.5-2
Stocks	Tesla	0.1%	0.6-1
ETFs	US Russell2000	1.5	0.5-1.4
Cryptocurrencies	Bitcoin	580	0.6-0.9%

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 Conditions	Yes/No
Hedging Allowed	Yes
Scalping Allowed	Yes
Change Leverage Allowed	Yes

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 Method	Funding Time	Fee
Bank Transfer	Within 2 hours of receving	Free
Credit Card	Instant	Free
Perfect Money, WebMoney	Instant	Free

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 Method	Withdrawal Time	Fee
Bank Wire	1-2 business days	Free
Credit Card	1-2 business days	Free
e-wallets	1-2 business days	Free

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.

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

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

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 email response is quick speed, the agents are helpful

Question Asked	We ask about instruments.
Time of Reply	We sent and email and got answer within a day
Quality of Reply	The 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.