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ETX Capital Expert Review

ETX Capital are one of the oldest spread betting brokers in the UK.  ETX was founded in 1965 as Monecor and remains a member of the London Stock exchange.

They offer tight spreads as low as 0.6 on EuroDollar and 0.9 on other FX pairs.

ETX has won some pretty decent awards including: Best Forex Educators UK Forex Awards 2017  and Best Trading Education Shares Awards 2017. Money AM Awards 2012 Best Online Charts. Investment Trends Award 2013 Best Value for Money and UK Forex Award 2013 Best Forex Trading Tool & Software (more info).

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ETX Capital Client Reviews

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Average rating:  
 31 reviews
by I C Chan on ETX Capital

  • Trading Platform 5/5
  • Customer Service 5/5
  • Mobile Apps 5/5
  • Spreads & Pricing 5/5
  • Market Range 5/5
  • Trade Execution Speed 5/5
  • Added Value 5/5
 I am quite happy with this broker (Trading forex and indices with ETX Capital for between 1 and 2 years on an intra-daily basis)

by Yvonne Boatin-Buckman on ETX Capital

  • Trading Platform 5/5
  • Customer Service 5/5
  • Mobile Apps 5/5
  • Spreads & Pricing 5/5
  • Market Range 5/5
  • Trade Execution Speed 5/5
  • Added Value 5/5
The platform is brilliant, even for beginners, it is easy to understand and manage. The research is very helpful and the results are correct most of the time. The trading signals and analysis are very good, they are clear once the trader understands them with the help of their educational Webinars,they encourage the trader to learn and gain confidence and it is free!I spent a lot of money trying to learn to trade with other brokers and did not learn half as much as I have learned with ETX Capital within the last 8 months.(Trading forex with ETX Capital for under a year on a daily basis)

by Ramila Patel on ETX Capital

  • Trading Platform 5/5
  • Customer Service 5/5
  • Mobile Apps 5/5
  • Spreads & Pricing 3/5: Sometimes spreads are too wide
  • Market Range 5/5
  • Trade Execution Speed 5/5
  • Added Value 5/5
Great platform and excellent customer services(Trading forex and indices with ETX Capital for between 1 and 2 years on a daily basis)

by Chris morley on ETX Capital

  • Trading Platform 5/5
  • Customer Service 5/5
  • Mobile Apps 5/5
  • Spreads & Pricing 5/5
  • Market Range 5/5
  • Trade Execution Speed 5/5
  • Added Value 5/5
After getting scammed by lots of so called brokers ,ETX has given me training,no pushing for more money ,can get my money back out easy .For somebody starting or been trading for a while I recommend ETX .as they try to help the investor ,(Trading forex, commodities and indices with ETX Capital for between 1 and 2 years on a daily basis)

by Alan Baines on ETX Capital

  • Trading Platform 5/5
  • Customer Service 5/5
  • Mobile Apps 5/5
  • Spreads & Pricing 4/5: Spreads are excellent but you asked me the question. So I will say they could be lowered.😁
  • Market Range 5/5
  • Trade Execution Speed 5/5
  • Added Value 5/5
I use the MT4 platform and can honestly say that ETX have been my go-to spread bet company since opening my account. Although I only trade small positions quite infrequently it is important to know that the same level of service and reliability is available to each customer.(Trading forex and indices with ETX Capital for between 1 and 2 years on a weekly basis)

by brian on ETX Capital

  • Trading Platform 5/5
  • Customer Service 5/5
  • Mobile Apps 5/5
  • Spreads & Pricing 5/5
  • Market Range 4/5: could we have options prices
  • Trade Execution Speed 5/5
  • Added Value 5/5
I have had a good relationship with this broker and would recommend them to anyone who wants to open an account.(Trading forex and indices with ETX Capital for between under a year on weekly basis)

by jason shelley on ETX Capital

  • Trading Platform 4/5: I use MT4 which is an off the shelf product - it's main limitation is not being able to separate the charts onto different screens (they can only be opened on one screen).
  • Customer Service 5/5
  • Mobile Apps 4/5: sometimes i lose my currency pairs i have saved onto my phone app and i need to re-input them.
  • Spreads & Pricing 3/5: when prices are volatile around announcements the spreads blow out making it impossible to trade in the immediate aftermath post-announcement.
  • Market Range 5/5
  • Trade Execution Speed 5/5
  • Added Value 4/5: see above
when I first enlisted ETX the support staff were very friendly and helped me navigate the systems - if I had a problem they answered it very timely. My main issues are the MT4 platform and not being able to separate the charts, and the spreads blowing out (apart from EURUSD) immediately post-announcement.(Trading forex and indices with ETX Capital for between under a year on an intra-day basis)

by Jay M on ETX Capital

  • Trading Platform 3/5: I use MT4 console, the margin is fixed at 1% for a FX trades regardless of currency pair. their own console charges margin at most 0.5% which is unfair to those trading via MT4. They changed their leverage levels, introducing minimum for retail traders, and classification for retail vs professional trader which is more strict than needs to be.
  • Customer Service 4/5: they have stopped users creating multiple demo accounts, and now one has to ask customer service to add deposit to a demo account (is embarrassing when it should not have to be). forced to use other brokers for demo trading and practice.
  • Mobile Apps N/A
  • Spreads & Pricing 3/5: could be better, variable
  • Market Range 3/5: could offer more access to equities on mt4 (would like to spread betting both FX and equities). currently I can't.
  • Trade Execution Speed 4/5: slippage is more apparent these days than 3years ago
  • Added Value 4/5: overall good experience but still I want to find another backup broker as I do not like using their trader pro console product
Overall recommend etx for spreadbetting FX markets.I Avoid their trader pro product as I use MT4,They offer very little advantage to MT4 users and have stopped use of creating multiple demo accounts which is very limiting ones ability to trial different strategies on each demo account (keeping intraday vs day vs positions trading separate).(Trading forex with ETX Capital for between 1-2 years on an intra-day basis)

by Will Smart on ETX Capital

  • Trading Platform 5/5
  • Customer Service 5/5
  • Mobile Apps 5/5
  • Spreads & Pricing 5/5
  • Market Range 5/5
  • Trade Execution Speed 5/5
  • Added Value 5/5
ETX are a trusted broker. Great customer service and stable platform, what’s not to like(Trading indices with ETX Capital for between 1-2 years on an intra-day basis)

by Marius Lotter on ETX Capital

  • Trading Platform 5/5
  • Customer Service 4/5: At times it is difficult to get a straight answer. Also, transfers take a long time to reach the account.
  • Mobile Apps 5/5
  • Spreads & Pricing 5/5
  • Market Range 5/5
  • Trade Execution Speed 5/5
  • Added Value 5/5
ETX is execellent in trust. I feel very safe trading with ETX. (Trading forex, indices, stocks and commodities with ETX Capital for over 5 years on a daily)

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What makes ETX Capital stand out in a few words?

Good solid all rounder with a reputation for good support, tight spreads and wide market coverage.

ETX Capital Spreads, Commission and Financing Costs

Because ETX Capital are one of the biggest brokers in the UK their larger order flow enables them to offer tighter spreads.

A few examples of ETX Capital costs and margin for spread betting and CFDs:

  • Forex costs on EURUSD spreads are as tight as 0.6 pips with a margin requirement of 0.5%
  • Indices like UK 100 start at 1 pip during the most active trading hours with margin at 0.5%
  • UK Shares like Vodafone and BP are 0.05% for FTSE 100 and 0.2% for non FTSE 100 with a £10 min charge for CFDs & margin rates from 5%.
  • Commodities like Crude Oil spreads are fixed at 0.04% with margin at 1%
  • Fixed Interest products like Gilt, Boble and US 10 year have spreads at of 0.01 and with margins starting at 0.4%
  • See all spreads here

ETX Capital market range and asset coverage.

Unlike some of the smaller brokers in the UK ETX Capital offers access to the major and minor Forex pairs, commodities, indices and wide range of global stocks.

Their market range is one of the largest in the UK and what makes them stand out above other brokers

See the full asset coverage here.

Can you trade Bitcoin with ETX?

Yes you can trade Bitcoin with ETX. ETX, were in fact one of the first brokers to offer Bitcoin, but recently relaunched it as the CME futures make it easier and safer for cryptocurrency brokers to hedge exposure. ETX Capital don't offer a full range of cryptocurrencies, so if you are planning on trading a lot of crypto you can compare cryptocurrency brokers here.

Main Advantages of trading with ETX Capital

  • Tight spreads – which can reduce your trading costs
  • Guaranteed stops – to help reduce your risk
  • Trailing stops – for locking in profits
  • Commission free trading with spread betting
  • Tax free profits with spread betting (although you cannot claim losses against CGT at the moment)
  • Multi lingual service with the platform and services in over ten languages
  • Hedging facilities – which means you can run long/short positions on the same asset.
  • Experienced dealers
  • Excellent platform
  • Wide range or order types
  • Automated trading and API access
  • Good daily and event based analysis
  • Deposit funds via bank transfer & debit card
  • Open a demo account

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ETX Capital demo account features and restrictions

The ETX demo account is pretty good, as with the main trading platform, it's got the classic look and feel. You can sign up for an ETX capital demo account here to try before you buy as it were...

Main Disadvantages of trading with ETX Capital

  • If you don’t use your account you get a small inactivity fee. Although this will not take you into negative balances.
  • No direct market access – if you are a very large trading this is worth looking at.
  • No scalping, but you need DMA for this anyway

ETX Capital education, analysis and added value

Even though ETX caters to experienced traders they do offer regular webinars, in-house seminars, trader courses and are often present at trade shows around the country.

Their social media accounts show their most recent market analysis which is a combination of short term technical analysis and longer term fundamental trends.

Although you can subscribe to their analysis as it comes here.

ETX Trading Platforms.

Of course you trade online or even email orders in if your account is big enough to have a dedicated dealer, but if you’re happy trading online you have three platforms to choose from.

  • ETX Trader Pro offers: Tools, charts, indicators and a wide-array of tradeable markets. Made by traders, for traders.
  • ETX MT4 allows you to automate parts of your trading and trade with trade with Expert Advisors (EAs)

ETX Capital FCA regulation

You can find ETX Capital on the FCA register as Monecor (London) Ltd here. However, ETX Capital is the only trading name and the holding company for the brokerage. If you are interested in the corporate structure of ETX Capital you can follow them on Bloomberg here.

Apply for an account with ETX Capital here.

London based ETX Capital can trace it’s roots back to 1965 as Monecore Ltd.  The firm has traded previously as TradIndex but since being acquired by venture capitalists the firm was renamed ETX (Electronic Trading, Telephone Trade and Execution Services).   The asset class offering is fairly standard and the educational tools seem to do the trick if you are after basic information.

Since 2012 the platforms and service have significantly improved.  Largely due to an investment in the firm’s technology.  This has made ETX one of the best spread betting brokers around.

What ETX Capital trading platform to choose?

ETX provide access to MT4 as well as their own spread betting trading platforms, ETX Pro and ETX MT4.

It’s best to make the right choice from the outset.  Here is a quick overview of the platforms:

ETX Trader Pro Review

This is the best choice.  It offers tight variable spreads that are based on market prices.  The product range is the widest available and covers most asset classes.  The platform is web based so can be accessed anywhere.  It comes with some fairly heavy duty technical tools and order types.  Apply here.

ETX MT4 Review

Get access to the worlds best-automated FX trading platform through ETX MT4.  There is not much to say as you either love MT4 automation or not.  If you do then choosing ETX as your liquidity provider and brokers is down to what you think of ETX Capital as a company.

See other benefits of using ETX Capital here

ETX Group Company History

ETX is one of the leading brokers in the spread betting industry. Founded in 1965 they began by servicing foreign exchange institutional clients then in 2002 started to focus more on offering professional grade services to private clients. The firm is privately owned, fully FCA regulated and authorised. As well as client funds being protected under the FSCS scheme deposits are also help in investment grade segregated banks.

Key features of ETX Capital

  • Four platforms to choose from Trader Pro & MT4
  • Market leader and one of the largest brokers
  • Added value includes technical analysis, market commentary and economic data.
  • Huge market range including, US, Asian and European stocks (as well as UK, FX, Commodities, Indices and Fixed Income)

ETX Capital range of markets

  • Over 5,000 products to trade
  • Indices, FOREX, Equities, Commodities and Fixed Income
  • They will added new assets on request

ETX Capital spread width and pricing

Some of the tightest spreads in the industry:

  • EURUSD: 0.6 pips
  • GBPUSD: 0.9 pips
  • Wall Street: 1 point
  • FTSE 100: 1 Point

ETX Capital plus points

  • Big Broker
  • Big market range
  • Big added value
  • Mobile trading

Negative points for ETX Capital

  • Separate platforms can be annoying

Verdict

One of the best brokers in town, established, trusted with good technology, customer service and ongoing data and education.

Overall ETX Capital Review Summary

We like ETX Capital. You don’t really see anything bad about them online. ETX have a good reputation within the brokerage community and invest heavily in internal and external trading infrastructure.

As one of the oldest operating brokers in the UK, they staff are experienced and offer good support to both small and large traders with dedicated dealers to facility complex orders.

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