ETX Capital review and ratings

Established 1965
Location UK
Regulation FCA
Offices London
Broker type STP | ECN
Leverage up to 1:30
Deposit from 100 USD
Spreads low  low
Platforms MetaTrader 4 Specific
Instruments Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Interest Rates
Funding methods Wire Transfer Credit Cards Skrill Neteller UnionPay

Company information

ETX Capital is a forex broker located in the UK, regulated by the Financial Conduct Authority (FCA).

Be aware, the company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.

Availability

ETX Capital accepts clients from all over the world, excluding USA, Canada, Belgium, Canada, Singapore and a number of countries from the OFAC list.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

60+ Currency Pairs Based on major and minor world currencies.
5 Crypto Cash CFDs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.
13 Indice Cash CFDs Based on baskets of different blue-chip stocks.
21 Indice Futures Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index.
2 Metal Spot CFDs Based on Gold and Silver.
5 Metal Futures Based on Gold, Silver, Platinum, Palladium and Copper.
2 Energy Spot CFDs Based on Crude Oil (WTI, Brent).
6 Energy Futures Based on Crude Oil (WTI, Brent) and Natural Gas.
12 Soft Futures Based on Corn, Cotton, London Cocoa, US Cocoa, Lumber, Orange Juice, Robusta Coffee, Soybean, Soybean Oil, US Coffee, US Sugar, Wheat.
9 Bond Futures Based on US, UK, German, French and Italian government securities.
5000+ Stock CFDs Based on shares of AU, US, UK, EU and Singaporean companies.
10+ ETF CFDs Based on exchange-traded funds containing various tradable assets.
3 Interest Rate Futures Based on Euribor, EuroSwiss, Short Sterling.

Comprehensive review

Based out of London and regulated by the UK’s world-renowned Financial Conduct Authority (FCA), ETX is a forex broker that offers trading in a huge range of instruments across nearly all financial asset classes.

Although ETX Capital is a relatively new forex & CFD broker in its current form, the company behind the brand traces its roots all the way back to 1965. That year, the company started by dealing in mortgage bonds, before later expanding the offering to stocks and derivatives. In 2002, the retail arm of the company was launched under the name TradeIndex, which later became ETX Capital.

Perhaps unknown for most is that the name ETX is in fact an acronym for what the broker saw as its primary services; Electronic trading, Telephone trading and eXecution.

In terms of its current service offering, it’s clear that ETX still has a strong focus on offering retail traders access to the widest selection of instruments possible. The broker offers everything from forex to a huge number of stocks from around the world, many of the most traded commodities, popular cryptocurrency CFDs, exchange traded funds (ETFs), government bonds, and even interest rates.

Unique about ETX Capital is also their proprietary trading platform called ETX Trader Pro. Perhaps most noteworthy about this platform is the charting capabilities it offers. Charts can be presented in a number of ways, including as traditional candlestick charts, as well as OHLC (open-high-low-close) and Heikin Ashi, to mention just a few. Further, the platform also supports a number of drawing tools for performing chart analysis, and offers a multi-chart layout that supports up to 8 charts in one window.

The ETX Trader Pro platform is entirely web-based, and is also available as mobile apps for Apple and Android devices.

In addition to the proprietary platform, however, ETX also offers the legendary MetaTrader 4 (MT4) platform for traders who prefer that option. As always, MT4 supports automated trading and custom trading scripts with the help of “Expert Advisors.” The company has also developed its own “Mini-terminal” within MT4, which it calls ETX MT4 Remastered.

Another thing it’s important to be aware of when choosing a trading platform is that the spreads on trading instruments vary depending on the platform. For instance, the minimum spread on the popular EUR/USD trading pair on ETX Trader Pro is 0.6 pips, while on MT4 it is 0.8 pips. Similarly, CFD futures contracts on the S&P 500 index trades with a spread from 0.5 pips on ETX Trader Pro and 0.8 pips on MT4.

Trading accounts with ETX can be funded via all the traditional payment methods, including Visa, MasterCard, UnionPay, bank wire transfers, as well as Skrill & Neteller. As usual with fully regulated forex brokers, deposits made with cryptocurrency are not accepted by ETX Capital.

As far as customer service goes, ETX Capital does have some advantages over other brokers, particularly if compared with many of the smaller offshore-based forex brokers out there. First and foremost, the broker has implemented a tiered system where clients who deposit more money can expect a higher level of personalized service than those who deposit smaller amounts. These tier levels start at deposits of EUR 250, before the next level starts at EUR 1,000. Lastly, a client can be designated as a high net worth client if he deposits EUR 10,000 or more with the broker, in which case “highly tailored personalised service” can be expected.

In summary, it’s safe to say that ETX Capital is a broker that has been around for a long time, which in itself is a sign of credibility in the forex broker industry. We also like that the broker offers such a wide selection of trading instruments, and we appreciate the fairly tight spreads it has on these instruments, particularly on the ETX Trader Pro platform.

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