User Rating:
1 Star2 Stars3 Stars4 Stars5 Stars (21 votes, average: 4.29 out of 5)
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Updated on: May 9, 2017
Deposit Options:
Regulation:
FCA
Visit ETX Capital
Spreads FromMax. LeverageTrade Min.Forex PairsPlatformsMobile TradingBroker Highlights
£100 200:1 0.6 PIPS

60+ Currency Pairs

MT4

Web-based platform

Mobile app

iOS

Android

  • Free educational course for deposits of £1,000 or more
  • Award winning trading platform

CFDs carry risk. 79.6% of traders lose with this provider.

ETX Capital Broker Review

ETX Capital is a global leader in online financial trading, with a strong emphasis on currency pairs trading. This brokerage offers traders 5,000+ markets which are competitively priced across multiple categories. ETX Capital which operates under the trading name Monecor in London, UK, has the following company registration #00851820. The company is fully licensed and regulated to offer financial trading services according to the FCA (Financial Conduct Authority). Monecor Ltd is listed on the London Stock Exchange (LSE). Among others, Forex traders will enjoy various trading platforms and options such as binary trading, MT4, and TraderPro.

Trading Markets

ETX Capital makes it possible for casual traders and professional traders alike to dabble in the financial markets. Indices, commodities, equities, and currency pairs are the chief financial instruments available. Within each of these broad categories are thousands of tradable assets, with currency pairs accounting for the most popular trading options. In the Forex arena, traders can immerse themselves in the following majors, minors and exotic currency pairs: USD/JPY, USD/CAD, EUR/GBP, GBP/JPY, NZD/USD, EUR/JPY, AUD/USD and others. All of the trading options at ETX Capital are fully regulated and authorized by the FCA. Traders will have access to a full complement of tradable assets on mobile devices – tablets, smartphones and phablets.

Market data is available for prices, spreads, and there are a wide choice of currency pairs available. All in all, traders can expect upwards of 50 unique currency pairs from all corners of the globe. Fully leveraged trading is available 24 hours a day, as the financial markets operate across different time zones. In terms of equities, traders have access to scores of stocks, such as Facebook, Barclays, Vodafone, Glencore International, Apple, Volkswagen, Alphabet Inc. and others. Commodities such as gold, crude oil, silver and other popular choices can also be traded on the platforms. Indices are also popular and include the likes of the S&P 500 index, the Nikkei 225, the CAC 40, the NASDAQ composite index, the Dow Jones, the DAX, the FTSE 100 index and others.

Trading Platform

There are 3 types of trading platforms available at ETX Capital including a CFD trading platform (Contracts for Difference), a binary option trading platform and a spread betting trading platform. When it comes to trading currency pairs like the USD/GBP, traders can go long on the USD, or go short on the USD, with leverage and competitive pricing available. The trading platforms include Trader Pro, MT4 and Binary. There are also demo trading accounts available for the aforementioned trading platforms, known as Trader Pro Demo, MT4 Demo and Binary Demo. Traders also have the ability to access a full range of educational resources on site with binary options trading insights, Forex trading insights, equities, commodities and indices as well. The three bespoke trading platforms come together to create a unique all-encompassing trading experience.

ETX Capital Forex Platform

Site Strengths

  • MT4 demo account
  • Binary demo account
  • Trader Pro demo account
  • 6000+ tradable instruments
  • FCA licensing and regulation
  • Full suite of educational resources
  • Full range of mobile trading options for Android and iOS

Site Weaknesses

  • Ideally suited to experienced traders
  • Brokerage tends to be text heavy across each of the asset categories
  • No US traders allowed, or traders from other non-licensed jurisdictions

Conclusion

ETX Capital is a polished online trading platform offering a wide range of financial instruments to traders. The 4 major asset categories include indices, commodities, equities and currency pairs. Within each of these categories are upwards of 6,000 tradable assets in total, and there are 3 trading platforms to boot. These include the award-winning MT4, Trader Pro and the Binary Trading Platform. These platforms provide maximum reliability, credibility and real-time trading potential. Overall, this award-winning platform is revered by traders with the following accolades: (Money AM Awards 2012), Investment Trends Award for 2013, and UK Forex Award for 2013. The professionalism of the platform runs deep; the educational facilities available to traders encompass charts, graphs, professional trading advice and the like. The customer service works really hard to keep clientele happy when it comes to technical, banking and trading-related issues, or general questions. For the consummate trading experience, ETX Capital certainly shines. The Forex trading options are particularly enticing with tips, strategies, up-to-date rates, trading advice, spreads, leverage and regulatory measures included. With 50+ pairs on deck, traders will have no problem navigating the majors, minors and exotic pairs.

79.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 

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