ETX Capital is an exchange that offers trading for a wide variety of assets. If you have been looking for a solid online exchange, then this could be the perfect exchange for you. ETX Capital offers spread betting on many different assets. It also offers CFD trading, and has many different assets to choose from. Regardless of whether you prefer to trade Forex, commodities, indices, or any other major asset, ETX Capital is likely to have exactly what you are looking for.
- Many different asset classes to trade
- It has spread betting
- It has CFD trading
- Multiple trading platforms to choose
- 1. Spread Betting Trading Offer: ETX Capital has low spreads and many spread betting assets
- 3. Accounts: There are three account types to choose from
- 4. Spread Betting Trading Platforms: There are several high quality options on ETX Capital
- 5. Usability of the Website: the ETX Capital website is very easy to use
- 6. Customer Support: Overall, it is very good
- 7. Methods of Payment: ETX Capital accepts many different types of payment methods
- 8. Additional Offers: There are additional offers on the site
- 9. Regulation & Deposit Protection: ETX Capital is regulated
- 10. Awards: ETX has no awards advertised on its site
- 11. Conclusion: A Very Solid Offering
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1.) Spread Betting Trading Offer: ETX Capital has low spreads and many spread betting assets
ETX Capital has a compelling spread betting trading offer. The exchange offers spread betting for thousands of markets across forex, equities, commodities, bonds, and indices. So there, is no shortage of spread betting options on the site. Spreads for EURUSD start at .6 pips. For the Wall Street and Germany 30, spreads start at 1 pt. In the UK, spread betting on the ETX Capital exchange is completely free from the capital gains tax and stamp duty.
If you open an account on ETX Capital for spread betting, you will also have a personalized account manager, instant execution for your bets, and will have access to a wide variety of advanced charts and risk management tools. There are multiple accounts available on ETX Capital: one is available for each trading platform that the site offers. So, no matter whether you want to trade equities, forex, commodities, indices, or bonds, you can do so on ETX Capital, and you can also spread bet with derivatives. With spread betting, you will not actually need to own the underlying asset. You will instead just need to own the derivative, which is essentially just a bet on the price of the asset.
- Spread betting starts at as low as .6 pips
- There are many different asset classes available to trade on ETX
- These asset classes include indices, equities, bonds, and more
2.) Spread Betting Trading Costs: ETX Capital has reasonable trading fees.
As previously mentioned, the fees for spread betting are as low as .6 pips for EURUSD and 1 pt for the Wall Street and Germany 30. For all spread trading on the exchange, there are no commissions. The money that the broker takes for its services are taken from the spread. The spreads vary depending on which account and trading platform you use as well as which assets you are trading. The maximum leverage on the ETX Capital exchange is 30:1. However, anyone who plans to trade using the maximum leverage that the site offers should be very sure about their bets.
This is because if they are wrong, they can find themselves in a very serious financial predicament. It is far safer to trade with lower amounts of leverage, or without any leverage at all. So, if you are looking for an online broker for spread betting that has reasonable fees, good leverage, and quick execution, then ETX is a very good option. It also compares very well to other exchanges in terms of fees. You will not have to spend an arm and a leg on commissions with ETX like you have to on other exchanges. There is a $25 inactivity fee per month however, if you do not use your account.
- Fees as low as .6 pips
- Inactivity fee of $25 per month
- Maximum leverage of 30:1
3.) Accounts: There are three account types to choose from
There are a number of different accounts that you can choose from on the ETX Capital exchange. The account type that is best for you depends on your specific needs. There are three primary accounts on the exchange. These accounts are the ETX Trader Pro account, the ETX MT4 account, and the ETX Binary account. The ETX Trader Pro account is the primary account for the site, and it is described as the flagship account. This is the account that most traders use on ETX. With this account, users can trade thousands of different assets, and have access to many different charts and tools. The next available account is the ETX MT4 account.
With this account, you can trade on the MT4 platform and use automated expert advisors. This is highly desirable for many different traders. The final account, the ETX Binary account allows you to trade many different binary options. With this account, you can take short or long positions, and have many other different options available. This is another good option. Each account on the ETX Capital exchange is customized for the platform that it goes along with. So, the account that is best for you depends on what you want to trade, and which platform you want to use.
- 3 accounts
- These accounts are ETX Trader Pro account, ETX MT4 Account, and ETX Binary account
- Many different charts and tools available
4) Spread Betting Trading Platforms: There are several high quality options on ETX Capital
There are three different trading platforms available ETX capital. These trading platforms are ETX Trader Pro, ETX MT4, and ETX Binary. The ETX Trader Pro platform is the main platform on the exchange, and it is the one that the most people use. With ETX Trader Pro, you get many tools, charts, and indicators. You also get the lowest spreads for the exchange with this trading platform. With this platform, you can used trailing stops, orders, alerts, and other helpful tools. Also, you can use fully customizable charts. The ETX MT4 is another solid platform offered by ETX.
With this platform, you can automate part of your trading, get access to expert advisors, and also get access to advanced charting tools. This platform is ideal for people who want trading automation. The final trading platform offered by ETX Capital, ETX Binary offers fast-paced with limited risk in the form of short-term contracts. Call and put options are available on this platform. ETX Binary is a perfect account for people who like fast-paced trading. All of these trading platforms are easy to use and are highly efficient for trading online.
- 3 platforms
- ETX Trader Pro, ETX MT4, and ETX Binary
- Customizable charts and indicators available
5.) Usability of the Website: the ETX Capital website is very easy to use
If you have never logged onto ETXcapital.com, when you were unlikely to feel overwhelmed, frustrated, or confused the first time that you visit the site. The reason is because everything is very clearly laid out on ETXcapital.com. The color scheme of ETXcapital.com is black, white, and gold. This color scheme provides a feeling of security, wealth, and professionalism, which is perfect for an online exchange. There’s also a tab menu at the top of the site which makes navigation extremely easy. You can find everything that you are looking for by using this tab menu. This tab menu has all of the following options: Why ETX?, Platforms, CFD, Forex, Indices, Equities, Commodities, Binary, and Education. The legal information is also very easy to find at the bottom of the site. However, the terms of business are difficult to find. So, this is a downside to the website. But off the top products, fees, and other important information is very easy to find on the website. So, you should be able to navigate it very comfortably and have a stress-free experience when you’re first using it. Not all exchanges are like this.
- Site is very usable
- Has easy-to-navigate tab menu
- Professional color scheme
6.) Customer Support: Overall, it is very good
ETX Capital has several different contact options for customer support. The primary customer support options are phone and email. The phone number for ETX capital is 0800 138 4582. The primary email for the company is customer.serv[email protected] The customer service line is available from 7:30 AM to 9 PM Monday through Friday London time. If you have a problem and you need to speak to customer service during the week, the phone is the fastest and best way to contact ETX Capital customer support.
If you have a problem during the weekend, you will most likely have to wait for the following Monday in order to have your issue resolved. In addition to having a customer support phone number and email address, ETX Capital also has a fax number that you can send faxes to, if you need to fax information for some reason. Their fax number is +44 (0) 20 7392 1414. You can also send snail mail to the following address: One Broadgate, EC2M 2QS, London, if you prefer to use snail mail. So, there are four ways to get in touch with ETX Capital. Some people will say that it is one of the best spread betting brokers because of this.
- Good customer support
- 4 options for contacting
- Snail mail, email, phone, and fax
7.) Methods of Payment: ETX Capital accepts many different types of payment methods
For deposits and payouts, you can use bank/wire transfers, online bank transfers, and credit card and debit card transfers. The really nice thing about this exchange is that there are no fees for deposits or withdrawals. So, whether you would like to make deposits and withdrawals with bank transfers, online bank transfers credit cards, or debit cards none of these methods are going to cost you anything. This is a highly desirable situation and it is a key benefit of this exchange. This is especially true if you plan on making many deposits and withdrawals.
The processing time for these transactions is usually 2-3 business days. This is relatively standard. All of the major credit and debit cards are accepted on the site except for Amex. So, regardless of what your favorite payment method is, you are likely to find it accepted on the ETX Capital exchange. This is, unless your favorite happens to be Amex. If this is the case, then you will have to use another card. However, overall, withdrawals and deposits are very simple and efficient on ETX Capital. So, you are unlikely to experience a high degree of frustration when making deposits or withdrawals on the site.
- ETX accepts many different payment methods
- Bank transfers, credit cards, debit cards, etc.
- No fees for deposits or withdrawals
8.) Additional Offers: There are additional offers on the site
In addition to the primary products offered by ETX Capital, there are also additional offers on the site. Some of these additional offers include live webinars, courses, road shows, seminars, and more. There is an entire section of the site that is purely dedicated to education. So if you’re looking to learn how to become a better investor, and how to make more intelligent and effect of trades, then you can definitely learn to do so by using the ETX Capital education resources. Even if you just take a few of these courses, or watch a few of these seminars, it can be extremely beneficial.
As Warren Buffet says, “The more you learn, the more you earn.” There is also an extensive FAQ section on the website that can help to answer many of the questions that you may have about using the website. ETX Capital also has a demo account. However, there is an apparent lack of other resources on the site such as trading signals and an economic calendar. Many competing exchanges offer these things. So, this could potentially viewed as a downside to the exchange. However, the demo account and the education section can be extremely useful for becoming a better trader and/or investor.
- Seminars, webinars, courses, road shows
- Demo account
- No trading signals
9.) Regulation & Deposit Protection: ETX Capital is regulated
ETX Capital is licensed and regulated by the Financial Conduct Authority in the UK. It has a registration number of 124721. The website has SSL encryption. Because the data is encrypted, and because the site is licensed and regulated by the Financial Conduct Authority, you can rest assured, knowing that your money is safe and that the exchange is legitimate. Minors are strictly banned from using this exchange to buy various assets. Minors are banned from making trades on this exchange because in most countries, minors are not considered to be mature or intellectually developed enough to make sound investment decisions.
So, any minors for making trades on platform such a ETX, are a means of providing financial protection for minors. People in various nations are also banned from training assets on the ETX exchange. For example, people in the United States, Canada, Belgium, and Singapore or a band for making trades on ETX Capital. These bans are for both minors and adults. The reason why these bands exist is primarily because of various financial regulations. Different nations have different policies regarding securities trading and investing, and these policies are not always compatible. However, if you’re a citizen of the UK or other accepted nations, and if you are not a minor, then you can open an account on ETX Capital.
- Licensed and regulated
- Regulatory authority = Financial Conduct Authority
- Minors cannot trade on ETX Capital
10.) Awards: ETX has no awards advertised on its site
A broker comparison will tell you that the ETX Capital exchange does not advertise that it is won any significant awards on its website. This does not necessarily mean that the company has never won any awards. However, it does mean that if the company has won awards, that is definitely not clear from the website. Many exchanges will advertise the words that one on their website to proof their quality. So, the fact that there are no awards displayed on the ETX Capital exchange website is an indicator that the exchange is probably not the highest quality out there on the market. But despite the fact that ETX does not advertise that it has won any awards, this does not necessarily mean that the exchange is not very high quality. In fact, according to this, ETX Capital broker review, ETX is actually a very high quality exchange. However, the only way that you will be able to form your own educated opinion of the ETX Capital broker is to actually log on and try using the site for yourself. If you do so, then it should be apparent very quickly how good the ETX Capital broker is.
- No major awards won displayed on website
- Does not necessarily mean they haven’t been won
- Other exchanges have won awards and display them
Conclusion: A Very Solid Offering
ETX is a very good exchange. It may not be the biggest or the best, and it may not display any industry awards that it has won, however, it is still very solid. This means that if you are just looking for a good quality exchange that will get the job done, then ETX could be a great option for you for an online broker. One of the biggest advantages of the ETX exchange is that it does not have any deposit or withdrawal fees. This is something that many traders look for because deposits and withdrawals can happen very frequently for people who do a lot of trading.
Another advantage of the ETX Capital exchange is that it has a nice color scheme, and it is very easy to use. Considering the fact that you might be using the exchange very frequently, it is important that it has a user-friendly design. Also, there are some great educational tools and resources that are available on the site. If you want to improve your trading skills, then you can definitely use these tools to do so. So, all in all, a good spread betting broker comparison will tell you it is a very good exchange, if not the best. You can definitely use it to conduct your spread betting in a cost-effective and efficient manner, as long as you live in a supported nation.
- No fees for deposits or withdrawals
- Thousands of tradeable assets
- Good design
- Good customer support
- No trading signals
- No awards
- Terms of business hard to find