ETX capital, one of the oldest company on the market
ETX Capital is a broker company with fifty years tradition which started in London, Great Britain. It was established in 1965 and it is member of London Stock Exchange.
In Great Britain it is regulated by FCA (Financial Conduct Authority), No. of licence is 124721. As a company which is approved and regulated by Financial Behavior Office has ETX Capital introduced several procedures and tools used to secure maximal safety of clients deposits. Regulatory requirements on capital resources of the company are checked every day.
Client deposits are also strictly separated from deposits of the company and they are deposited on individual accounts in the best rated German and British banks which prevents any unfair hanling.
The holder of numerous awards
ETX Capital is very popular in its home country thanks to its long history and quality services. That also proves numerous reached awards like the award for th best online graphs in MoneyAM (2012) competition ort he best CFD broker in 2013 from World of Traiding.
Option, shares, futures, forex, that all is in the offer
ETX Capital offers several options for different types of traders. Clients have choice of 4 different accounts when each of them are suited their style of trading and also the platform. ETX Trader and ETX TraderPro are two platforms available through web broswer. There is also available classic Metatrader 4 and finally ETX Binary intended primarily for trading with binar options.
Speaking of available instruments, the offer is realy wide. ETX Capital helps their clients to approach more than 5000 markets from all over the world while trading with binar options, currency pairs, shares, commodities and stock indices is possible. The spread for all instruments is the lowest as possible. On the EURUSD currency pair it starts at 0.7 pips.
Detailed spread summary according to instruments:
|Forex||spreads starts at 0,7 pip (EUR/USD)|
|Shares||at some shares are the spreads around 0,08|
|Commodities||spreads from 3 pips|
|Indices||At the main indices spreads are from 1 pip|
Business lever is usually 1:100 but some instruments in MetaTrader is possible to trade with business lever up to 1:200.
We have tested the MetaTrader 4 platform on demo and we can state that our experience with this platform is mostly positive. We did not experienced any issues during the testing. The spread on the platform is approximately as declared but it was just a demo.
If you are considering to open a business account at this company, then besides completing of standard question form about your personal details you will also have to fill in a lengthy form about your experience in trading.
Then, the first deposit, which is charged and lasts for up to 5 days and requires bank account verification, will come in hand. Next option is the deposit by credit or debit card. Thus the list of deposit and withdrawal options ends, which is indeed insufficient for such a large company.
At the same time, there are opinions on the internet that withdrawals take too long. We do not have similar experience, withdrawals came to us in a few days.
Education and seminars
ETX offers a variety of educational options. One of them are webinars from which begginers and also experienced traders can choose and they are completely free to join for ETX clients. Topics vary but they are primarily focused on basic topics like technical analysis, fundamental analysis and moneymanagement.
Further we cannot forget daily business news, actualities and other interesting informations which are open for the trader.
Support and client service
One of the declared featues on the company website is high quality client service. It is true that you can always ask ETX technical support for help and the technical support is in Czech language thanks to branch office in Prague 4.
From that reason is pity that for example the withdrawals from business accounts do not work as they surely could. Nowadays, when it takes only a few minutes for some regulated brokers, it is a pity that it can take up to 5 days for ETX.
ETX Capital has more than 50 years traditions and that already says something about this company. It offers really inexhaustible quantity of trading instruments and with that it is possible to satisfy even the most demanding customers. It has very good background, deposits at leading national banks, favourite platform MetaTrader 4 etc.
All in all, only the positives.
Between the negatives belongs for example slow deposits inputs and withdrawals or unavailability of any form of social trading.
Main broker advantages:
Main broker disadvantages:
Do you have experience with ETX Capital? Do not hesitate and share it with us!