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 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|
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.
Cryptocurrencies, including Bitcoin are available only though European ETX Capital entity and is fully restricted for UK traders due to regulations.
ETX Capital has one single account for trading offered for both trading platforms and is customized according to your choice.
You can login ETX Capital from the official website, there are two domains EU and UK to access Member Area.
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
|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|
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|
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.
ETX Capital trading conditions are good all trading strategies scalping and hedging are allowed, spread betting is available for UK traders.
|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.
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|
|Perfect Money, WebMoney||Instant||Free|
The Minimum deposit is set to a 100$.
ETX Capital also adds no fees for withdrawals.
There are five free withdrawals per month allowed and minimum withdrawal amount of 100$, 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|
We didn’t find any recent bonus offers or programs at ETX Capital.
ETX Capital has two options for platform either proprietary ETX TraderPro or use popular 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 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
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 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
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.|
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
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets.
I am passionate about observing foreign exchange movements, sharing educational insights into the financial markets, and adding value wherever I can.