ETX Capital review 2024 ++ How good is the broker? Test

Besides this, ETX capital charges overnight rollover fees, determined by the specific instrument and position size. Lastly, they charge monthly fees to accounts that have been dormant for more than 365 days. Before accepting any additional money, promotion, or bonus of any kind, make sure to understand terms and conditions that may apply. Every promotion has different terms and conditions, so don’t forget to read them every time. ETXbinary doesn’t provide general bonus terms, and every bonus is different.

You can add or remove them by navigating to the “Studies” tab on the particular chart. Select the symbol you want to remove or add and update the settings. After this action, you should be able to see the indicator on your chart. As excellent researchers, we have spent several months studying several CFD platforms. When we made test research on ETX Capital, the following was what we discovered about the platform.

Fixed Spreads

1. TraderPro on mobile makes it possible for busy traders to trade while in transit or even while they are still in bed!
2. To get to customer care support, use the contact us page on the website.
3. I like the trading environment at ETX Capital for manual traders in the ETX TraderPro trading platform.
4. There is no deposit fee, but there is a minimum deposit of £100 (or currency equivalent).
5. As it concerns deposits and withdrawals, ETX Capital supports deposit methods from Bank Transfers, E-wallets, and Visa and MasterCard Credit or Debit Card and charges no commission.

For indices, commodities, and equities, their charge is the total position held multiplied by 3.5%, then divided by 365. Though the basic market spread is broader since a 3-day position is done instead of one. Also, for FX, interest, the summation is based on the particular currency used in trading.

As such we may earn a commision when you make a purchase after following a link from our website. Note that the ETX Trader Pro and MetaTrader 4 are available for any device. You only need one account each to get access to the markets on your devices.

Zero Spread Account

You can also place spread bets on most instruments offered as CFDs. However, CFDs are subject to Capital Gains Tax, while spread betting is not. The Demo account they offer serves as a suitable educational resource where new traders can gain experience, confidence, and develop strategies before upgrading to real-time accounts. MT4 is the most popular trading platform available, so it comes as no surprise that some traders would prefer not to change. Furthermore, ETX Capital uses tier-1 banks as the required segregated account to keep client funds. Overall, they are a legitimate brokerage, genuinely transparent with finances so traders can rest assured of the safety of their investments.

Therefore, traders who wish to scalp the Forex market will find more suitable brokers with an infrastructure that supports it. I like the 79 currency pairs ETX Capital offers, placing it in the top quintile of brokers, but the seven cryptocurrency pairs remain a disappointment. Finally, we’ve listed some of the popular funding methods that ETX Capital offers its traders below.

Trusted Broker Reviews

The move by ETX Capital displays a deep understanding of the requirements of its traders, and the FSCA license remains a strategic move to ensure it can expand its business. You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process. As you can see, ETX Capital’s minimum spread for trading EUR/USD is 0.6 pips, which is lower than the average EUR/USD spread of 0.70 pips. The table below compares the costs of trading one lot of EUR/USD with ETX Capital to similar brokers. The commissions and spreads shown here are based on the ETX Capital website’s minimum spreads.

ETX Capital, launched in 2002 by Monecor as TradIndex, was acquired by a joint venture between the UK-based JRJ Group and the Netherlands-based BXR Group. Following the acquisition, the group decided to rebrand TradIndex into ETX Capital. Since October 2020, ETX Capital, part of Swiss-based Guru Capital, purchased the online brokerage from JRJ Group.

Here is a screenshot of ETX Capital MT4 live quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Since its October 2020 acquisition by Swiss-based private equity firm Guru Capital, ETX Capital has pushed ahead with its expansion plans. It coincides with a surge in demand from retail traders, making the FSCA license a vital step. The FSCA became a primary destination amid a trusted regulatory environment, with a time zone equal to continental Europe and English as the primary language.

All fees/prices are for informational purposes and are subject to change. It is either a trader who opens a Spread bet position or selects to make transactions on CFDs. Forex with ETX Capital can be carried out in two separate ways, such as pepperstone forex a CFD or as a Spread bet. This is one of the vital decisions to make because it is a core strategy of any trade, and the kind of deal selected may influence the period a position is held open.

When opening an account at the ETX Capital website, traders should be ready with a colour copy of their passport, national ID or driver’s licence. A bank statement or utility bill from the past three months will also be required so that the company can verify the client’s address. Traders also have access to popular cryptocurrencies, such as Bitcoin, Ripple, Litecoin, and Ethereum on the platform.

TraderPro is accessible by smartphone or PC, and 5,000 monthly clients take advantage of trading opportunities in forex, indices, cryptos, stocks, and commodities. By 2017, the company had launched TraderPro and added Bitcoin markets to the new platform. It also bagged Luno exchange review Best Trading Education at the Shares Awards in the same year.