This ETX Capital review is for those traders want to open ETX Capital binary options trading account or Forex trading account with this broker, You will know all about ETXCapital and how to do ETX Capital MT4 download in this ETX Capital UK review.
ETX Capital Review By Fxstay
ETX Capital is a broker that was established in 2002 and is headquartered in London, England. ETX is a member of the London Stock Exchange (LSA) and is well regarded internationally among traders as a professional and reputable broker. Licensed and regulated by the Financial Conduct Authority (FCA), the ETX Capital trading platform operates under the strictest rules in the industry.
In March, 2015 ETX Capital acquired the now defunct Alpari UK’s client base and took the extra initiative of setting up a dedicated customer helpline to assist former Alpari clients in transferring their trading accounts to the ETX Capital platform as quickly and easily as possible.
ETXCapital offers the opportunity to trade derivatives through Contracts for Difference (CFDs), ETX Capital binary options and spread betting assets to clients based in Europe and other locations around the globe. ETX Capital offers traders options on more than 50 different popular and commonly traded currency pairs, as well as a large selection of CFD commodities in equities from 18 different European countries, as well as Australia, United States, South Africa and Singapore.
In addition to forex, ETXCapital offers CFD options in energy assets that include Brent Crude, NYMEX Crude and RBOB Gasoline, heating oil and natural gas and precious metals like silver, gold, palladium, platinum and copper. The broad spectrum of assets is rounded off with a huge variety of soft commodities that include corn, cotton, oats, soybeans, coffee, cocoa, orange juice, wheat and sugar.
The ETX Capital trading platform provides an informative video that completely explains spread betting and is accessible on its truly unique spread betting page.
Features
The ETX Capital trading platform is an industry leader and its software makes available a trading platform that is fully automated and allows for one click trading, as well as integration of Expert Advisors (EA).
The ETX Capital trading platform is an industry leader and its software makes available a trading platform that is fully automated and allows for one click trading, as well as integration of Expert Advisors (EA). The platform includes a wide variety of useful charts and a number of different drawing tools designed to enhance a trader’s ability to draw their own strategizing conclusions, as well as researching, placing and tracking trades in a variety of financial markets. These tools include price alerts and guaranteed limit and trailing stop loss orders to prevent unwanted financial losses caused by volatile or unexpected market conditions.
The drag and drop capabilities offered by the trading platform enable traders to position trading tickets wherever they want on their monitor’s screen. ETX Capital’s platform includes a pip calculator that allows traders to easily determine the value per pip of trades. ETX Trader Pro enables traders to keep an eye on a particular set of markets and create specific watch lists. The ETX TraderPro product information option provides pertinent and specific information about the item in question.
The ETX Capital trading platform also includes a variety of useful and educational webinars, seminars and video analyses with expert market commentaries to assist traders in further edifying themselves about various financial assets and the markets in which they are traded, as well as unique and successful trading strategies, all of which can be practiced using virtual money provided with an ETX Capital Demo Account.
ETXCapital does not allow hedging or scalping, does not offer Virtual Private Server (VPS) services and does not offer Islamic trading accounts.
Trading Platforms
ETX Capital offers traders 3 types of trading platforms to utilize for researching, placing and tracking trades in a variety of markets from beginning to end. ETXCapital offers ETX Trader Pro, ETX MT4 and ETX Binary trading platforms.
ETX Trader Pro
The ETX Trader Pro platform was designed for more seasoned and experienced investors with a wide array of options and features that enhance access to various financial markets. The platform includes a comprehensive charting package integration that enables traders to select from varying chart formats and display them in varying time frames. ETX Trader Pro also allows one click trading directly from charts for the convenience of its traders.
ETX Capital MT4 Download
The MT4 trading platform is the most popularly used trading platform in the world and considered the forex industry standard for trading platforms. More information about the MT4 platform can be found on the ForexSQ.com website.
The ETX MT4 platform is ideal for traders who want to use Expert Advisors (EAs) to automate their trading activities and includes a large range of built in indicators and comprehensive charting capabilities, as well as free educational trading courses and the iron clad security afforded by the strict regulations imposed by the FCA of the UK.
Top do a free ETX Capital MT4 Download visit “www.ForexSQ.com” ETX Capital review page.
Mobile App
ETX Capital’s trading platform is available for most computers with internet access and a variety of handheld mobile devices including Android, iPhone and Smartphones.
ETX Capital Binary Options
The ETX Binary platform is the latest addition to ETX Capital’s arsenal of trading platforms. The ETX Binary platform enables traders to conduct binary trading activities using a wide range of available financial assets and instruments that include stocks, commodities, market indices and foreign currencies.
All platforms used on ETXCapital are also available in mobile versions for a wide variety of handheld mobile devices.
Account Types
Unlike many trading platforms, ETXCapital only offers traders one type of trading account, which requires a minimum deposit of only $100 to open a live trading account. There is no maximum trade limit for traders and payouts can reach as high at 85%.
Languages
ETX Capital’s trading platform is available in over 15 of the most popularly spoken languages around the world, as are its customer support services.
ETX Capital Demo Account
A Demo Account is also available for experienced and novice traders who can benefit greatly from practicing trading in a variety of markets using virtual money that comes with the demo account. Traders can choose Demo Accounts using whichever trading platform they choose (ETX Trader, ETX TraderPro or ETX MT4). Demo Accounts are vital in learning to successfully formulate, place and track trades in any financial market.
To open a free ETX Capital demo account visit “TopForexBrokers” ETX Capital review. By open a demo account with the broker you can test their trading rules, Wikipedia says. For mobile trading you can download the ETX Capital broker Google Android application or itunes IOS app for Apple products.
Commissions and Spreads
In keeping with the forex industry standard, ETXCapital does not charge commissions on trades but makes its money using competitive spreads as follows:
Spreads for the most popular and commonly traded forex pairs like the EUR/USD are as low as 0.7 pips.
Spreads for CFDs start as low as 0.5 pips.
Equity trading involves spreads starting at 0.08 pips.
Spreads on commodities start as low as 0.025 pips.
Trading on a variety of market indices involves minimum spreads as low as 1 pip.
Deposits and Withdrawals
Traders can deposit funds into their trading accounts using major credit and debit cards (except AMEX), wire and bank transfers. Account deposit transactions are usually completed within 1 business day. ETXCapital does not accept any type of third party funding or money orders, travelers checks or any other form of cash deposit.
Withdrawals are processed within 2 to 3 business days and ETXCapital does not charge any fees for processing the first five withdrawal requests per month.
Different deposit and withdrawal standards apply when trading some forex pairs, including GBP/EUR/USD/CHF, which involves the use of different deposit and withdrawal methods that are outlined in detail on ETX Capital’s website. Other regional restrictions may also apply and traders should contact the Customer Service department of ETXCapital for more detailed information about those possible restrictions.
In keeping with strict international laws governing withdrawal of funds from bank and other financial accounts, the name on all accounts must exactly match the name on the trader’s ETX Capital account and proper identification will be required to transact account fund withdrawals.
Withdrawal Charges
ETX Capital offers its clients 5 free withdrawals of more than $100 USD in each calendar month. More than 5 withdrawals per month will incur a charge of $25 USD for each subsequent withdrawal after the first 5 that are permitted free of charge. This is due to excessive processing fees that ETXCapital is required to pay financial institutions to transact and process those additional withdrawal requests. No fees are imposed for deposits to trading accounts.
Fees
ETX Capital charges a fee to traders whose accounts remain dormant (inactive) for more than 120 days.
Leverage
Leverage rates with ETX Capital are 100:1 for many assets and 400:1 on some options offered through the MT4 trading platform.
ETXCapital Customer Support
ETX Capital offers customer support services in a variety of languages Monday through Friday between 7:30 and 9:00 p.m. (UK Time). ETX Capital account holders can also access the customer support team via e-mail or by calling a toll free telephone number, including international toll free telephone numbers for non UK investors and account holders.
ETX Capital UK Review Conclusion
The professional investors and forex traders conducting this ETX Capital Review have determined that the firm is very reliable and shows great integrity in dealing with its clients to ensure they all receive the highest level of service affordable for a trading platform. In operation for more than a decade, ETXCapital has proven itself with its great record of customer satisfaction and numerous industry awards recognizing the broker’s commitment to high standards.
Although the ETX Capital trading platform is a little confusing and does not provide direct market access, it allows traders to efficiently research assets and the markets in which they are traded and allows one-click automated trading on a huge variety of financial assets and instruments, making it a great market platform for trading forex and other assets for both newbies and experienced traders alike.
Please share this ETX Capital Review with family and friends who may be interested in using the trading platform and refer elsewhere on this website for professional reviews of a number of other trading platforms popular with forex investors.
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