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ETX Capital Review

Published by Usman Ahmed, MBA (Researcher)

Reviewed by Bowen Khong, ACCA

Opening

Many trusted platforms make sure to create secure assets and securities that traders can securely invest in. ETX Capital is among such platforms as it provides hundreds of investment securities and professional brokerage services that enhance wealth creation. This article reviews the broker’s qualities and highlights provisions that individuals can benefit from.

Overview

ETX Capital was founded in 1965 in London, UK. It presently still has its headquarters in London, UK. The company was formerly named Dusrolgraph Ltd. and was later changed to Monecor (London) Ltd. on May 30, 1973.[1]

ETX Capital is a company that provides financial derivatives trading like Contract For Difference (CFD) and financial spread betting. ETX is the name of two operating entities, including Monecor (London) and Monecor (Europe). 

The Financial Conduct Authority regulates Monecor London Limited in 1995, and it has been operating in the United Kingdom for more than 55 years. Monecor (Europe) is also authorized and regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC).

Monecor is a member of the London Stock Exchange (LSE) though it’s not publicly traded. It has many securities that you can exploit to create wealth.

ProsCons
Well regulated 
Vast range of assets
Many free deposit and withdrawal options 
Easy to open account 
High fees 
Research tools not enough 
Only CFDs are available
Not available in the U.S.

Who is ETX Capital for?

Beginners and Advanced traders: the education and research provided are useful for beginners. The trading platform has advanced tools that will assist all traders in making proper fundamental, technical, and sentimental analyses. 

The broker is healthy for scalping, day trading, swing trading, and positions trading. Hedging is allowed, and different types of strategies work.

Expert advisors: traders interested in using robots to trade also have a place with the broker’s provision. VPS is also available to keep traders online when their trading devices are off. The VPS makes sure that the robots keep working and execute trades according to the programmed algorithm.

Rating: 4.25/5

Is ETX Capital Safe? 

The company (Monero) is a member of the London stock exchange. It is authorized and regulated by the United Kingdom Financial Conduct Authority (FCA), and in Europe, by the Cyprus Securities and Exchange Commission (CySEC). It is also regulated by the South African Financial Sector Conduct Authority (FSCA).[2]

The broker has some compensation provisions for its clients if it becomes insolvent; the FSCS covers compensation of up to £85,000. 

With ETX Capital, security of funds is not what to be bothered about as it is properly regulated as expected of a broker of such caliber.

Rating: 4.5/5

Year founded:1965
Publicly traded: No
Licenses: FCA, CySEC, 
Backlist: No

Offering of Investments 

Forex: fx major, fx minor, and exotic forex pairs like the fx scandinavian, fx emerging are all available 

Indices: there are indices like Germany 30, UK 500, UK100, Wall Street, etc. 

Shares: major and minor company socks can be traded. Tesla, Apple, Amazon, Moderna, Alibaba, Facebook, riot blockchain, and many more stocks are available. There are hundreds of stocks available, and there are many free stocks too.

Commodities: most traders are interested in gold and silver. There are other commodities like platinum, copper, Brent crude. 

Cryptocurrencies: cryptocurrency enthusiasts will also be able to trade cryptos like Bitcoin, Ethereum, Ripple, Litecoin

Spread betting: you can buy or sell a market on ETX without having to pay tax or owning the underlying asset through spread betting. The spread betting also has a wide coverage of assets, including forex, indices, shares, cryptocurrencies, commodities, and bonds.

Even though there is a wide range of assets, they are all available as CFDs which means that traders cannot store or own assets.

Rating: 4/5

Forex: Spot TradingYes
Currency Pairs (Total Forex pairs)60+
Social Trading / Copy-TradingYes
CFDs instrumentsforex, stocks, crypto, commodities, spreadbetting

Commissions & Fees 

There are different commissions for different assets. S&P 500 has its fees built into the spread. The average spread is 0.5 points. Europe 50 CFD also has its fees built into the spread, usually an average of 2 points during active trading hours.

EURUSD also has its fees built into the spread. The spread is usually 0.6 pips during active trading hours. The listed assets represent different asset classes and can be used to gauge the fees for other assets. 

The fees charged are also relatively low. Over 200 free stocks are also available.

The broker does not charge an inactivity fee.

Rating: 3.5/5

Minimum Initial Deposit$100
Average Spread EUR/USD – Standard$0.6
All-in Cost EUR/USD – Active$0.6
Withdrawal fee$0

Platforms & Tools 

ETX TraderPro: this platform provides enhanced charting packages that enable traders to take advantage of trading opportunities. The broker built the tools with the latest trading technologies. The ETX TraderPro has a split charting tool, many technical indicators, and drawing tools. 

A wide range of professional chart types includes the candlestick, OHL Heikin-Ashi, cloud, line, plot, areas, and three line breaks. These chart layouts are useful for advanced trade analysis that might not be visible to regular retail traders. 

The platform also has dynamic risk management and fully customizable workspace. 

ETX MT4: with this, you can also analyze financial markets using advanced tools. This platform also allows the use of Expert Advisor. Trades are usually executed within 30 milliseconds or less. This platform also allows one-click trading, hedging, and the services are also supported by a Virtual Private Server (VPS). The VPS is meant to give an extra edge and ensure that it keeps you online when your trading device is not on.

The advanced trading tools are what traders need to make the most of trading. Making maximum profits using professional tools that are available to all.

Rating: 4.5/5

Virtual Trading (Demo)Yes
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Charting – Indicators / Studies (Total)55+
Charting – Drawing Tools (Total)14
Charting – Trade From ChartYes
Order Type – Trailing StopYes

Research 

ETX Capital provides constant news and analysis that covers all its markets. The analysis contains views of different professionals and market makers across various assets.

There are no more research tools aside from the news and analysis. Traders can combine the news and analysis with their technical analysis to make the right trading decisions. But won’t be to do further research with the provision that the broker has. This is a little lower than the industry standard.

Rating: 3.5/5

Education

The broker offers constant trading webinars, and it also has guides that teach forex, commodities, indices, shares cryptocurrencies. Aside from these, it also teaches how to use risk management and how to understand margin.

Ebooks: Aside from the videos on the platform, traders could download some ebooks to learn from. These ebooks introduce traders to technical indicators, strategy building, siting trade opportunities, and more. 

Even though there is a provision of different forms of education covering various aspects of trading, the information isn’t strong enough to make it enough for an advanced trader. The forex lessons, for example, have topics like ‘what is forex trading?’, ‘how to trade forex’ ‘forex trading tips and strategies and ‘forex risk management’ for the first skill level l, the other skill level have more advanced topics, but they are still not enough to equip advanced traders well.

Rating: 4/5

Mobile Trading 

ETX TraderPro mobile app allows you to manage your positions, react to market movements, and place trades anywhere. Through it you can set price alerts, watchlists, and you also have access to interactive charts.

ETX MT4 app allows you to monitor and manage your trades from anywhere. You have access to real-time price quotes, see your trades order, and detailed trading history. 

The ETX MT4 app gives you access to customizable charting tools, and you can perform technical analysis using 30 indicators and 24 analytical tools in forecasting market trends.

These platforms are well equipped and easy to use. Traders who get busy during the day can trade comfortably from anywhere they are.

Rating: 4.5/5

Mobile devices apple, android, etc
Featuresallow making trade, watchlist, charting, alert, etc.

Final Thoughts 

The broker has a wide range of instruments but does not offer education and research tools for active traders. The trading services like its provision of assets, indicators, expert advisor, and the security of funds it provides make it compete with other top brokers in professionalism. The services are worth checking out, especially those who need trading services worth their time. To visit the site for more information, click here.

  • Overall rating : 4.25/5

Frequently Asked Questions

How do you use ETX Capital?

To use ETX capital

  1. Select the product you want to trade and then click the trade button
  2. A trading ticket should open, after which it will show you the current levels at which you can either buy it or sell the selected product. It also has the option of allowing you to set the amount you want to trade.

Can you trade options on ETX capital?

The rate of potential losses of trading options is high. ETX does not offer leverage on options CFDs.

Usman Ahmed, MBA (Researcher)
Usman Ahmed, MBA (Researcher)
Usman Ahmed is a currency trader and financial market analyst with more than 7 years of active trading experience. Besides holding a Masters degree in Business Administration, he has worked for some of the most renewed companies in the forex industry including FXCM, IQOption, MetaQuotes, Alpari, FXStreet, DailyFX and several others. Usman possesses strong technical analytical skills and is famous for his very own, informative and entertaining, writing style. He believes in naked chart trading analysis that is commonly known as price action trading. He follows global financial news and macro-economic events very closely.
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