ETX Capital has carved a niche in the world of online trading. As an established provider, it offers a variety of financial instruments to traders across the globe. This review will delve deep into what ETX Capital has to offer, examining both its strengths and areas for improvement.

Company Overview

ETX Capital, established in 2002 and headquartered in London, has steadily become a notable name in the financial trading sector. The broker is owned by Monecor (London) Limited and offers access to a wide array of markets, including forex, indices, commodities, and cryptocurrencies.

Regulation and Trustworthiness

ETX Capital is regulated by the Financial Conduct Authority (FCA) in the UK. The FCA is a highly reputable regulatory body known for its stringent standards, which include the protection of client funds and the enforcement of fair trading practices. This regulation adds a significant layer of trust and reliability to ETX Capital’s operations.

Trading Platforms

ETX Capital offers two main trading platforms: ETX TraderPro and MetaTrader 4 (MT4). ETX TraderPro is a proprietary platform that provides advanced charting tools, a user-friendly interface, and a broad range of technical indicators. On the other hand, MT4 is a globally renowned platform known for its robust features and automated trading capabilities.

Account Types

ETX Capital provides several account types to cater to different trading needs. The standard account offers competitive spreads and access to all trading instruments. For high-volume traders, the professional account provides lower spreads and additional features. Additionally, ETX Capital offers a demo account for beginners to practice trading without risking real money.

Fees and Commissions

ETX Capital operates with a transparent fee structure. Spreads on major forex pairs are competitive, typically starting from 0.6 pips. For indices and commodities, the spreads are also reasonable. However, some users have noted that ETX Capital charges higher fees for less commonly traded instruments. There are also overnight financing fees and inactivity fees to consider.

Customer Support

Customer support is an essential aspect of any broker’s offering. ETX Capital provides support via phone, email, and live chat. The support team is generally responsive and knowledgeable. However, there have been instances where users have experienced delays in response times, particularly during peak trading hours.

Reviews Overview

Online reviews of ETX Capital present a mixed picture. On Trustpilot, the broker has an average rating, with many users praising its robust trading platforms and competitive spreads. Conversely, some reviews highlight issues with customer support and occasional platform glitches. On Forex Peace Army, the broker has received similar feedback, with a mix of positive and negative reviews.

Educational Resources

ETX Capital offers a range of educational resources to help traders improve their skills. These include webinars, video tutorials, and a comprehensive trading academy. The educational material is of high quality and caters to both beginners and experienced traders.

Pros and Cons

Pros:

• Regulated by the FCA, ensuring a high level of trust.
• Offers a variety of trading platforms, including ETX TraderPro and MT4.
• Competitive spreads on major forex pairs.
• Comprehensive educational resources.

Cons:

• Higher fees for less commonly traded instruments.
• Some users report issues with customer support.
• Occasional platform glitches during peak hours.

Final Thoughts

ETX Capital stands out as a robust broker with a solid regulatory framework and a wide range of trading instruments. Its competitive spreads and advanced trading platforms make it an attractive choice for many traders. However, potential users should be aware of the higher fees for certain instruments and the occasional customer support issues. Overall, ETX Capital offers a balanced mix of reliability and functionality, making it a noteworthy option in the online trading space.