ETX Capital Review 2018: Know More About This Advanced Crypto, Forex and CFD Trader

Last updated & tested: 21.10.2018

This ETX Capital Crypto Review puts together comprehensive information to help investors understand brokers and find one to work with. Established in 1965, Monecor London Limited has been operating for over 5 decades. It was authorised in 1995 by the UK-FCA. They branched out in 2007 to ETX Capital (earlier called TradIngdex). ETX Capital offers 6,000 trading instruments on 23 international stock exchanges and 60 currency pairs. Trading is through its proprietary Trader Pro platform and the MT4 platform in partnership with Meta Quotes Software Corp.

Highlights
  • A 2007 branch of Monecor London Ltd established in 1965
  • Multi-market and asset derivatives through spread betting and CFDs
  • Over 6,000 trading instruments and 60 currency pairs
  • Trading is through proprietary as well as MT4 platforms
12.
of 14 Crypto Broker
ETX CAPITAL
ETX Capital Experience
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Risk warning: Capital can be lost. Terms and conditions apply.
Headquarters and regulation

UK (FCA)

Tradable crypto currencies

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin

Number of crypto currencies

5

Market Model

Market Maker

Trading platform

MT4, Broker-owned Software

Mobile Trading & Apps

Demo account

Yes, available for 30 days

Fees / BTC spread

114 Points

Minimum deposit

£ 100

Services & additional benefits

Hotline
E-mail
Economic Calendar
Videos
Courses/Seminars

1. Trading Offer

1) Crypto trading offers : A wide selection of assets including Forex and Crypto

ETX Capital provides a simplified trading account. This can be opened with just $100 as an initial capital. So, the next question that arises is undoubtedly this – Is ETX Capital crypto broker legit? This ETX Capital Crypto Review found that the brokerage platform is more than just well regulated. It offers a wealth of trading products, from forex to binary options, CFD trading, spread betting, equity, commodities and indices. ETX Capital is unique in terms of its ‘Spread High/Low’ option. They behave just like the standard High/Low option with one big difference – payout on this spread option is 100% since spread is covered by movement of strike price.

5
Crypto currencies
Number
60
Other currency pairs
Number

The reason ETX Capital cryptocurrency broker is the best crypto broker in the business is simple. They offer a lot of choices for traders looking to create a diverse investment portfolios. Soft commodities, and trading in CFD stocks from over 18 EU countries besides international locations like the UK and Australia are on offer. The rolling daily options and fair quarter paired currency futures are unique. Also on offer are equity options from 20 nations and research through TraderCast.

Trader Rating
ETX CAPITALreview_summary_group_1_image
  • Simplified trading account with access to equity options from 20 nations
  • Spread High/Low offers 100% payouts on the spread
  • Diverse investment portfolio and CFD stocks from 18 EU nations
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Risk warning: Capital can be lost. Terms and conditions apply.
2. Costs

2) Crypto trading costs: Commission, fees and leverage

Offering commission-free pricing on all 4 platforms for forex trading, ETX Capital offers bid/ask spreads as cost of trading. Spreads, of course, will vary on the trading platform used.

Spread and Fees

The spreads payable range between fixed on the ETXTrader platform and variable, on the ETX MT4 and ETXCapital platform. Bonuses are as high as 60% provided traders place a minimum of $/€/£1000 in deposits. ETX spread and commissions are depend on market conditions. This ETX Capital Crypto Review found that average spreads start from 1.5 pips for currency pairs and 3 pips for commodities. Indices and equities trading pips start at 0.08%. ETX Capital reaches industry averages. For CFDs, pips start from 0.5 while for commodities, it’s just 0.025 pips.

114 Points
BTC Spread
1:2
Max Lever
£ 100
Min. deposit
Market Maker
Market Model

Leverage

Maximum ETX Capital leverage of 1:10 for commodities and 1:30 for forex offerings are on the MT4 platform. Other instruments leverage range from 1:2 to even 1:20. For FX trading on most platforms, this review of ETX Capital cryptocurrency broker found leverage extends to 1:30 mostly. For commodities, 1:10 Is the leverage while for indices and equities, it spans from 1:10 to 1:20. Trading on margin comes with risks though. Maximum leverage for stocks-CFDs is 1:5 approximately. Maximum leverage levels of 1:30 are standard for most brokers.

Trader Rating
ETX CAPITALreview_summary_group_2_image
  • Minimum deposit is $100
  • Minimum spread value is 0.025 pips
  • Leverages varied from a low of 1:2 to as high as 1:30
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Risk warning: Capital can be lost. Terms and conditions apply.
3. Account

3) Accounts: Standard, single multi purpose

ETX Capital is a broker, comparison – crypto comparison to which is inevitable when it comes to account types. Most brokerage firms have multiple accounts. The focus is on better spreads and price quotes. Unlike other market makers, though, ETX Capital works on the model but does not open trades against client positions. This firm offers a standard type of trading account and a minimum deposit of $100. The procedure for setting up a live trading account is simple.

Demo accounts are also available. How is ETX Capital crypto a good broker? Quite simply because there are no worries on committing money without knowing how the platform works! Clients can hold up to 5 accounts. Additional accounts are reviewed by the compliance team. Tight spreads, no maximum trade and payouts as high as 85% offer investors value. Traders of all different experience levels can access the same account. But, there are no perks for those with serious capital either. Also, ETX Capital does not offer swap-free accounts for those trading as per Shariah principles.

Trader Rating
ETX CAPITALreview_summary_group_3_image
  • Single standard trading account irrespective of trader experience or size of capital
  • Minimum deposit of $100; no maximum trades
  • Clients can hold up to 5 accounts each
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Risk warning: Capital can be lost. Terms and conditions apply.
4. Platform

4) Crypto trading platforms & Mobile trading: 4 different types, one account

This review found the broker offers as many as 4 trading platforms with a single trading account. With just one trading account, you can trade binaries with the specific ETXBInary platform. Spot forex through TraderPro, and spread betting with ETX Trader add further value. For advanced traders, the MT4/MetaTrader 4 platform enables traders to customise trade with EAs/Expert Advisors on call.

ETX Trader

Fixed spreads, limited losses, Simple platform, no need for download, Number of trading choices over financial indices, currency pairs and international equities

ETX TraderPro

Enhanced trading features and fully customisable, Complex order types: trailing stop, GSLO, attached and limit orders, On-chart trading, flexible layouts, Price alerts, personalised watchlists

MT4
metatrader
MT5
metatrader
IOS
Android
Broker owned Software

MT4

Comprehensive charting solution- multiple chart display, third party custom indicators, trading from charts, Automated Expert Advisors, library of indicators and third party market intelligence providers, Hedges to offset current positions with one-click trading tool , 128-bit encryption

ETXBInary

FX pairs, commodities, financial indices and stocks in binary option format, Best cryptocurrency broker for binary options, Wide range of expiry times for trades; 60-second trades, Interactive platform, Sleek, easy to navigate and real time charts, price alerts, single click trading and custom indicators are reasons why ETX Capital crypto is simply the best.

Trader Rating
ETX CAPITALreview_summary_group_4_image
  • 4 trading platforms
  • ETX Trader for fixed spreads
  • For binary options, try ETXBInary
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Risk warning: Capital can be lost. Terms and conditions apply.
5. Usability

5) Usability of the website: complex navigation, good indicators

The website is user-friendly, ergonomically designed and viewable in over 20 languages. ETX Capital also has competitive commission rates, offering fixed and variable spreads. But accessing different products online on a single account is tough. The text heavy, information intensive website makes it even tougher. For example, in the chart section of one platform, there are 14 drawing tools and 60 indicators! While this offers a good range of chart types and time frames, ETX Capital has a complicated website. Trading functionality is optimum with good indicators and the ability to zoom in or save charts with any trend-lines illustrated. In the ETX Trader Pro platform, for instance, charts depict histograms plotting trade history, something technical traders will appreciate.

The trading screen comes with a lot of extras. Layout is neat and well organised, though there is an information overload for the beginning trader. Sentiment mappers enable spread betting and forex clients to see how others are faring. So, for the best crypto comparison sites can’t match up. Interactive with the Trader Choice feature offering chat rooms and forums for traders to communicate, it beats blogs. Vast amount of educational resources are there from files to training modules and webinars. Certain platforms like MT4 even offer extensions for enlisting trading robots and Expert Advisors for automated trading.

Trader Rating
ETX CAPITALreview_summary_group_5_image
  • User-friendly, intuitive design, multilingual
  • Excellent charting and indicators
  • Automated trading through APIs and extensions on MT4
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Risk warning: Capital can be lost. Terms and conditions apply.
6. Support

6) Customer service: Helpful, efficient staff

Customer support is on offer 24/5 and available in over 23 major languages including Chinese, French, Italian, Spanish, Russian, Arabic, German, Czech and Dutch. The only problem is lack of live-chat. Either there’s email or a contact form. You can even call their tool free UIFN/Universal International Freephone Number. Access to email and telephone support is not localised, though it is multilingual. On-site help is also not provided. There is a support and FAQ section.

E-Mail
Telephone
Live-Chat
On the spot

Support is available from 7:30 am to 21:00 GMT only 5 days a week. Live video chat would have been more than welcome. ETX Capital cryptocurrency websites across different languages suffer from this fatal flaw. ETX Capital bitcoin trading education resources are major a plus point for customer support. In-house experts guide you through free seminars and live webinars. Trader courses and road shows are held. They help for everything from spread calculations to binary login details and how to access sites during down time. Guidance on economic calendars and commentary on trading positions are also provided.

Trader Rating
ETX CAPITALreview_summary_group_6_image
  • 24/5 Customer support in 23 different languages
  • No live chat; email or freephone options
  • Wide range of educational resources: trade shows, trader courses, free seminars and live webinars
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Risk warning: Capital can be lost. Terms and conditions apply.
7. Payment

7) Methods of payment: East Bank, wire transfer or e-wallets

When it comes to payment, deposits and withdrawals can be carried out through bank wire transfers and e-wallets. But if you’re looking for PayPal, ETX Capital will only disappoint you. Like most binary options brokers, this one too does not offer the popular online wallet. You can also pay by credit and debit cards (with the exceptional of AMEX). There’s China Union Pay, Neteller, Skrill, and Giropay. Sofort is another option. Minimum deposit requirement is around $100. Deposits can be through only individual debit and credit cards/accounts/e-wallets. Deposits are accepted in a wide range of international currencies besides GBP, EUR and USD.

  • banktransfer
  • creditcard
  • neteller
  • skrill

Bank transfer withdrawals are processed in just 2-3 days. Withdrawals to debit or credit cards take one day more. Only a £10 charge is there for every request made beyond 5 in a calendar month. A £15 charge is levied on dormant accounts where no trades have been placed over 120 days. For the withdrawals after the 5th below USD 100, only one processing fee is charged. There are also overnight roll over fees and charges depending on instrument and position size.

Trader Rating
ETX CAPITALreview_summary_group_7_image
  • Deposits and withdrawals can be carried out through wire transfers, credit and debt cards and e-wallets
  • PayPal and AMEX cards are not allowed
  • Fees are charged for dormant accounts and more than 5 requests in a calendar month
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Risk warning: Capital can be lost. Terms and conditions apply.
8. Offers

8) Additional offers: welcome bonus, referral bonus for new traders

Our review also found a whole series of different types on bonuses and promotions. Welcome deposit bonus codes and promotional offers make this a value-for-money option. Access anywhere from 20 to 1000s of GBP, all based on the size of the initial deposit. Free trading capital can be as high as 60% provided you deposit a minimum of $1000. Many multi-asset brokers pass exchange data costs by charging a nominal amount for single stock CFD trading across international exchanges.

E-Mail
Economic calendar
E-Book
Videos
Courses or Seminars
Demo Account

ETX Capital offers the data free over 20 exchanges. It does levy the commission per trade and applicable spread, so they have controlled promotions rather than all-out offers. ETX Capital trade desk also executes orders on phone for massive values, with no added cost for voice broking. With the Spread High/Low option, payouts can even breach 100%. ETX Capital also offers very tight spread. They have an Affiliate and Partnership program, for those interested in collaborations for profits in other ways to make money from marketing affiliations.

Trader Rating
ETX CAPITALreview_summary_group_8_image
  • Welcome sign-up bonuses from 20 to 1000 GBP and higher
  • Payouts of up to 100%
  • Bonuses of 60% on initial capital of $1000 or more
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Risk warning: Capital can be lost. Terms and conditions apply.
9. Regulation

9) Regulation & deposit protection: Why HYCM offers Financial Security

A careful examination shows ETX Capital has regulatory supervision from the FCA. They are regulated and legit brokers. They take personal security seriously. Security Officers are there to ensure legislation and privacy policies are met. Brokers also utilise advanced firewalls and 128-bit encryption. Clients are segregated in tier-1 banks. ETX Capital also cooperates with anti-terrorism and anti-money laundering legislation, freezing and reporting suspicious assets. The broker uses globally accepted 3-D Secure protocol. This provides greater security for debit and credit card, transactions through XML messages via SSL connections through authentication of clients.

FCA
Regulatory Authority
MIFID II
Yes
50000
Dep. Protection

This UK broker (FRN: 124721) is required to offer evidence of financial stability with holdings exceeding 730,000 GBP for legit operations. Other jurisdictions require similar minimum capital requirements. Additional guarantee is provided through the FSCS or Financial Services (Compensation) Scheme. If the UK broker becomes insolvent, financially bankrupt or faces a crisis, traders can claim maximum compensation up to fifty thousand GBP. All in all traders here can rest assured they are working with a reliable and secure firm.

Trader Rating
ETX CAPITALreview_summary_group_9_image
  • FCA registered broker with FRN: 124721
  • Wide range of security protocol including Security Officers, use of firewall and encryption
  • Customers segregated in Tier-1 banks
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Risk warning: Capital can be lost. Terms and conditions apply.
10. Awards

10) Awards: Recognized in the industry

The broker has been recognised as an industry leader for provision of quality services. It has won a variety of awards for its product and offering over the years. In 2017, it won recognition for educational tools and resources for FX traders by UK Forex Awards and the 2017-Shares Awards. It was also nominated for the Best Trading Platform by Online Personal Wealth awards committee in 2018. It even received a nomination for best spread betting platform by ADVFN Financial Awards in the same year. It has won the Best Education Award at Online Personal Wealth Awards, 2018 too. The Best Forex Trading Tools and Software winner for the UK Forex Awards 2013, its share of accolades span a number of years. It also won the best futures and options broker at the Shares Award (2012) ceremony. It has also won the Money AM Awards 2012 for the Best Online Charts. It also won the Investment Trends Award 2013 for providing the best value for money.

Trader Rating
ETX CAPITALreview_summary_group_10_image
  • Winner of numerous accolades and awards for forex trading, charting systems and other features.
  • Won awards for educational resources and tools for traders
  • Awardee for trading platform and spread betting platform
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Risk warning: Capital can be lost. Terms and conditions apply.

Conclusion: ETX CAPITAL offers value for money

Offering major, minor and exotic currency pairs, cryptocurrency and trade types like spot market, CFD market and binary other markets are these broker’s strengths. You can trade across a wide selection of markets. Proprietary trading platforms ensure proper security and compatibility. A robust trading experience awaits those who use the services of this UK brokerage house.

All in all, this UK broker balances out the good with the bad, and offers winning opportunities for traders and excellent value for money. While the range of options and assets are good, additional expiry times within long term and adding boundary options would help. However ETX Capital bitcoin trading is soon phasing out binary options and focusing on other key areas of the business. Cryptocurrencies will certainly be making a splash at this broker. All in all this is a well-respected broker, which places emphasis on security above all, followed by incredible product offering, platforms, markets and finally educational and review resources to keep traders updated on market movements.

Strengths

  • No dealing desk
  • Rebates, promotions and free demo account
  • Trading tools
  • Competitive spreads
  • International accessibility

Weaknesses

  • Limited account option
  • Complex navigation
  • Complex navigation
Test result
Total

Ratings
0
Broker
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
ETX CAPITAL
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.

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