An introduction to the ETX Capital demo account
Traders who would like to try the demo account only need to sign up at the website. The sign-up process is quick and easy, requiring only the trader’s name, email address, country, and mobile or telephone number. The demo account does not ask for credit or debit card details. The ETX Capital demo account focuses on ETX TraderPro, one of the most robust trading platforms managed by the brand. The demo account illustrates that the trading platform has everything that experienced traders will need.
While the platform is not known for its simplicity, it offers a versatile trading experience to its clients by ensuring that traders can choose or create a layout with which they are comfortable. Every button that traders need when trading is located right on the screen. The buttons include the trader’s account balance, profit or loss information and equity. The platform also has a trading tools button that directs traders to educational materials. When a trader opens the demo, they will see popular markets ranging from stocks, commodities, currency pairs, and indices. To search for a specific market, traders can use the “Market Search” button. Users of ETX TraderPro can also create watch lists so that they have a trading experience tailored to their particular interests. The platform also provides a detailed price graph, along with market alerts to help traders decide on whether they should buy or sell.
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About ETX TraderPro
Traders who would like to experience how the ETX TraderPro platform works should take the ETX Capital demo account for a spin. This is Monecor’s flagship platform; it is fast, intuitive and very flexible. Aside from the basic capabilities mentioned above, ETX TraderPro offers clients access to the global financial market, which includes foreign exchange, shares, commodities and indices. TraderPro offers trade-enhancing features:
- Multiple chart formats available in a range of time frames
- Just by looking at the chart of a specific product, traders can act immediately and trade from there
By using the watch list function, users can keep a close eye on certain assets or products in which they are interested. Another alternative is to use the product info tab to check the price movement of specific stocks. TraderPro also has a pip calculator. While the goal of TraderPro is to provide a robust platform for all types of traders, it is easily customisable to the individual preferences and techniques of each trader using the platform. This flexible design makes it possible for traders to tailor their experience to their trading style with the ultimate goal of maximising their productivity. For traders looking for low spreads, TraderPro is the ultimate choice. It has a range of forex spreads that start as low as 0.7 pips for the EUR-USD currency pair and as low as 0.9 pips for the GBP-USD currency pair in normal market conditions.
An extensive list of markets
With over 5,000 markets and all its capabilities, ETX Capital may very well be the best stock broker around. The extensive list gives traders the power to access world markets and to choose from a range of major and minor indices, forex currency pairs, equities, energy, metals and soft commodities. While looking at the ETX Capital demo account, traders will see precious metal commodities, such as silver, platinum, copper and gold, and a range of energy assets, such as gas and crude oil. Soft commodities, such as cocoa, sugar, coffee, wheat, corn, orange juice and timber, from different parts of the world can also be accessed through TraderPro.
The bond markets are also quite extensive, and traders can also access assets with short-term interest rates as well as equities in major countries, such as Hungary, Poland, Spain, Italy, France, Germany, the UK, the US, Switzerland and the like. It also includes global indices, such as those of Australia, Japan, South Africa and Hong Kong, minor Euro indices, such as those from Poland and Greece, and major indices in Europe, the US, and the UK. Traders also have access to popular cryptocurrencies, such as Bitcoin, Ripple, Litecoin, and Ethereum on the platform. TraderPro also has a wide array of foreign exchange choices for its users. Based on that list alone, TraderPro is a good choice because it opens up a world of trading opportunities.
TraderPro on the Go and other available platforms
In addition to the platform’s desktop version, traders on the go can download TraderPro to their mobile devices. The app is available for both the iOS and Android operating systems. Unlike other mobile trading platforms, ETX Capital’s TraderPro has all the advanced features that the desktop version offers, giving traders an edge over their peers even if they are far from their laptops or computers. TraderPro on mobile makes it possible for busy traders to trade while in transit or even while they are still in bed! Mobile trading is a godsend for traders because it makes it easier to actively manage portfolios and execute trades via their smartphones. Traders who would like to get an idea of how the mobile app works can look at the ETX Capital demo account.
Monecor Limited also has ETX Metatrader 4 (MT4), a popular trading platform utilised by traders around the world. For users wishing to trade via the use of automated expert advisors and custom indicators, Metatrader4 is a good choice:
- MT4 has the power to automate a trader’s position with the help of pre-set trading parameters
- While the broker provides the hosted platform, traders need to provide their own EAs
ETX Capital review: Is ETX a scam?
The short answer is no. Monecor, the company that runs ETX Capital, is authorised and regulated by the Financial Conduct Authority (FCA) in the UK with licence number 124721. Traders who are unfamiliar with Monecor or the ETX Capital brand can call the FCA at 0800 111 6768 or 0300 500 8082. Traders calling from abroad can contact the FCA through +44 207 066 1000. The agency operates from 8:00 am to 6:00 pm from Mondays to Fridays and 9:00 am to 1:00 pm on Saturdays. Traders can also visit the FCA’s website www.fca.org.uk to send a query. It is also a good idea to look at stock broker comparison websites to learn more about the company.
ETX Capital is one of the United Kingdom’s leading brokers. It offers CFD, forex and spread betting services to institutional and individual traders. ETX stands for the services that Monecor offers, Electronic Trading, Telephone Trading, and Execution Services. Following the platform’s German-language version launch in 2010, the firm spread its wings and commenced operations in France, Portugal and South Africa. It would later win the accolade of Best Futures & Options Broker of 2011 at the 2011 Shares Awards. The trading brand launched its MT4 platform ETX MT4 in 2012, and ETX Capital expanded to Italy, Spain and Greece. It also won the Best Futures & Options Broker award that year.
More awards from 2013 to 2018
In 2013, a year after its expansion to Italy, Spain and Greece, ETX Romania, ETX China and ETX Denmark went live. Monecor also launched its affiliate program immediately after that. The company won the Best Forex Trading Tools & Software award at the UK Forex Awards in the same year. By 2014, ETX acquired Shelbourne Markets and launched ETX Ireland, making ETX’s new acquisition the largest CFD and spread betting provider in the country. ETX also purchased Ariel, its technology partner, in 2014. The brand continued to expand and acquired Alpari UK’s customer base after the collapse of Alpari in January of that year.
By 2017, the company had launched TraderPro and added Bitcoin markets to the new platform. During the 2017 UK Forex Awards, ETX won as Best Forex Educators. It also bagged Best Trading Education at the Shares Awards in the same year. After adding new cryptocurrencies to the platform in 2018, ETX won the Best Spread Betting Platform at the ADVFN Financial Awards as well as the Best Trading Platform for 2018 and Best Education at the Online Personal Wealth Awards. ETX Capital has been doing well, and it will continue on this trajectory to keep its clientele happy. The fact that ETX Capital won the Best Trading Platform award in 2018 speaks volumes about the capabilities of TraderPro. It is the best trading platform available in the market today and is likely one of the best, if not the best, in the world.
How to open an account
New clients have to go through a compliance check to see if they can trade and to ensure they fully understand the risks involved in trading. When opening an account at the ETX Capital website, traders should be ready with a colour copy of their passport, national ID or driver’s licence. A bank statement or utility bill from the past three months will also be required so that the company can verify the client’s address.
A few basic questions will also be asked; the process usually involves determining how much trading experience the trader has. Answering all the compliance questions will take around ten minutes. While traders can explore TraderPro and the other platforms right away, it will take time before new clients can trade. However, the time invested in opening an account with the broker is worth it. In addition to offering an advanced trading platform, ETX Capital also provides educational materials for novice and experienced traders. The brand also has a customer service team that traders can contact when they need assistance with the platform or have questions about depositing or withdrawing money from the site. The contact number of the customer service department is +44 (0) 20 7392 1494. Payment methods include wire transfers or online bank transfers. Traders can also use major debit and credit cards except for AMEX.
ETX trading experience and additional notes
Trading on ETX Capital is quite convenient thanks to the platforms available on the site. The computer-based platform can be downloaded in Windows or Mac while the mobile apps are available for both iOS and Android. The platform was created with experienced traders in mind, but since the layout is easily customisable to enhance the trading experience of ETX Capital’s clients, novice traders also can use it with confidence. TraderPro, MT4, and the mobile versions have all the features that users need to make better decisions when trading.
ETX Capital segregates client funds from its own, and it does not charge inactivity fees or withdrawal fees. However, it does charge a commission on CFD shares, and there are overnight fees and swap rates as well. Although ETX Capital is the choice of professional traders, the brand provides a range of educational materials for traders who are just starting out. The materials include seminars, live webinars, trader courses and road shows. Tutorial schedules are posted on the website.
ETX Capital is also armed with a courteous and professional customer care department. For traders who need some assistance while exploring the trading platform, ETX Capital has client support in English, German, French, Spanish, Greek, Mandarin, Czech and Polish.