ETX Capital, headquartered in the United Kingdom, is a managed broker. They provide customers from all over the world with over 5,000 financial instruments to exchange on the Meta Trader 4 and ETX Trader Pro websites. They don’t have regulated portfolios or social trading sites, and their specialist market research is minimal. Our online broker analysis team has discussed some of the most critical things for you to remember when selecting the right brokerage for your electronic trading requirements in this comprehensive ETX Capital analysis.
ETX CAPITAL – OVERVIEW:
ETX Capital is an online brokerage headquartered in the United Kingdom that specialises in spread betting and CFD dealing. Monecor Ltd is a financial investment company that was incorporated in London in 1965 and is a participant in the London Stock Exchange. ETX Capital is the brokerage arm of Monecor Ltd. ETX Capital was established by Monecor Ltd in 2002 as Trad Index and later renamed to its present form. The company’s headquarters are in London, with branches in Europe and Asia. About 55,000 customers from all over the globe use the broker.
The company provides over 5,000 trading instruments across cutting-edge sites for online trading. The spreads are small, and customer orders are processed quickly. Traders may use a variety of tools on its innovative platform to analyse stocks and monitor their trading practises. ETX Capital has earned several industry awards for its investment facilities. The ‘Best forex Educators’ prize, which is received at the 2017 UK forex award, is one of them. In 2018, the broker was also named the winner of the ‘Best Spread Betting Site’ award at the global financial awards.
ETX CAPITAL – COUNTRIES, COMPLIANCE AND REGULATIONS:
Monecor (London) Ltd, ETX Capital’s holding company, is controlled by the Financial Conduct Authority (FCA) in the United Kingdom. The identification number for financial services is 124721. Client assets are deposited in separate bank accounts with Europe’s best-rated institutions. This ensures that they aren’t used for anything else, such as corporate operating expenses. The Financial Services Compensation Scheme is a part of ETX Capital (FSCS). This provides brokers with insurance protection which means that if ETX Capital goes bankrupt, the FSCS will repay qualifying clients with compensation of up to £85,000.
ETX Capital doesn’t recognise clients from the United States, Belgium, Canada, Singapore, or any other country where its facilities will violate relevant laws and legislation. Due to regulatory requirements, certain ETX Capital features and products listed in this ETX Capital analysis may not apply to traders from some nations.
ETX Capital – Open Trading Account
ETX CAPITAL – TRADING PLATFORMS:
1. ETX TRADER PRO:
This is ETX Capital’s structured finance website. Since this platform is web-based, there are no installations or modifications needed. It’s also adaptable, as it works on all operating systems and has stock forecasting and trading software. The ETX Trader Pro software is available for Android and iOS users to install from their app store and play store. These smartphone trading applications are beneficial for those who want to exchange on the go from anywhere in the globe as long as they have access to the internet. The ETX Trader Pro platform has the following main features:
- Workspace, templates, windows, and drag-and-drop maps will all be customised.
- Charts are available in over 15 different timeframes.
- OHLC, Heekin-Ashi, Cloud, Plot, Area, three-line split, Line, and Candlesticks are among the eight map types available.
- For comprehensive map research, there are over 55 technical metrics and 14 drawing tools.
- There are a variety of order forms available, as well as risk management tools.
2. META TRADER 4 (MT4):
In the forex and CFD trading market, this is the most commonly used online trading website. MT4 tech applications, metrics, trading robotics, and other tools are now in use by hundreds of individuals. As a fact, many traders find it impossible to leave the MT4 framework; as a result, most brokers offer MT4 to draw more customers. As a consequence, MT4 has become an unofficial norm for online trading brokers. In addition to its interactive design and user-friendliness, the app comes with several useful methods for in-depth chart analysis and trading. Free to download desktop programmes for Windows and Mac operating systems are eligible for the ETX Capital MT4 platform as well as smartphone applications for both Android and IOS. Some key features are:
- ETX is designed for efficiency, with 94 per cent of trades completed in less than 30 milliseconds.
- It’s accessible in over 35 different languages.
- Endorses the use of tech professional consultants to automate tactics (EAs).
- Backtest EAs on previous price data using a strategy tester.
- In the market watch pane, all of the instruments’ buying and selling rates are shown in real-time.
- Price updates via SMS, email, and popups that can be customised.
- One-click selling and trading straight from the charts are supported.
- Charts are available in nine different timeframes.
- For business forecasting, about 30 built-in technical metrics may be applied to the maps. By the usage of extension software, this amount can be multiplied by thousands.
- There are 24 analytical instruments online.
ETX CAPITAL – TRADING TOOLS:
1. MARKET ANALYSIS AND NEWS:
The market news, opinion, and research are the subject of this segment of the ETX Capital website. It will stimulate trading ideas by including a rundown of the coming week, a technological roundup, and an overview of key economic events. Regrettably, this segment isn’t updated too much.
ETX CAPITAL – TRAINING AND EDUCATION:
On the ETX Capital platform, at least one webinar is arranged per week. The webinars discuss a variety of trading topics, including technical metrics, trading strategy, and the impact of various occasions on the markets. Five eBooks can help those who are new to the world of forex trading. Technical metrics, various stocks, investment techniques, business forecasting, and other subjects are included in the books.
The books are concise and well-illustrated. The book with the most pages is about 22 pages long. There are a total of eight videos on the topic of ‘platform guides.’ Just one video walks you through the MT4 stock trading, while the other seven-show you how to use the ETX Trader Pro trading platform. CFDs, indices, forex, commodities, bonds, cryptocurrency, and risk management are among the training courses accessible on the ETX capital website’s educational page. Some of these courses are divided into three or four subtopics. Each subtopic is given a reading time estimate, an ability level, and other figures. A glossary of over 70 trade terms is included, along with a complete description of each term.
ETX CAPITAL – ACCOUNTS AND EXPENSES:
Just two types of accounts are available at ETX Capital, all of which are dependent on the website. The following are the details:
- Register with ETX Trader Pro: This account allows you to trade on ETX Capital’s trading platform. The EURUSD has an overall spread of 0.81 pips.
- MT4 account: On the benchmark EURUSD, the mean spread on the MT4 account is 1.01 pips. This profile is for traders who use the famous MT4 platform to exchange. Scalping, hedging, and electronic trading with EAs are also permitted techniques.
On both systems, demo accounts are available. Accounts that have been inactive for more than 6 months will be billed a £25 inactivity tax. If the portfolio is empty or the customer resumes selling, the premium is paid annually. There may be extra expenses not specified in this ETX Capital overview because broker fees differ and adjust. Before you create an ETX Capital account for online trading, make sure you review and accept all of the latest details.
ETX CAPITAL – ACCOUNT OPENING:
ETX Capital makes it easy to open a trading account. To set up an account, go to the platform and press the ‘Create Account’ icon on the top right-hand side of the screen. Fill in the blanks and press the ‘continue’ button. Another four-page form appears, demanding additional information such as date of birth, addresses, trading experience appraisal, and so on. The final stage is report authentication, which requires clients to go through a KYC process. You will be able to finance your account and begin trading online after your documents have been checked, which could take a few days.
ETX CAPITAL – CUSTOMER CARE SERVICE:
Monday to Friday, 7:30 a.m. to 9:00 a.m., ETX Capital’s customer care department is open. The group can be contacted via a variety of phone numbers and email addresses. ETX Capital is active on Facebook, Twitter, LinkedIn, and YouTube.
ETX is a multi-award-winning online broker that provides its clients with access to hundreds of tradable assets through versatile and advanced trading platforms. The brand is governed by the FCA’s strict regulations, which include account separation, digital authentication, and customer verification, among others. Regulation may provide reassurance to new customers that they are dealing with a trustworthy brokerage company. About 5,000 tradable commodities are available on the broker’s websites, which is amazing. ETX Trader Pro has been recognised as a superior forum with a comprehensive set of trader software. Skilled traders also use the MT4 network, which is very common and generally adopted.
FREQUENTLY ASKED QUESTIONS:
1. IS ETX CAPITAL LEGIT?
YES! ETX Capital is a CFD and FX trader with a worldwide presence. Monecor (London) Ltd, its holding company, was founded in 1965 and is controlled by the Financial Conduct Authority (FCA), making it a safe place to put your capital.
2. WHO OWNS ETX CAPITAL?
ETX Capital is owned by GURU capitals.
3. DOES ETX CAPITAL ALLOWS SCALPING ON YOUR OWN?
Scalping is not permitted at ETX Capital. ECN accounts are not available at ETX Capital. Negative balance insurance is not available at ETX Capital.