Online broker ETX Capital has been operating on the international over-the-counter markets since 2008. During the eight years of activities the company has grown into a solid and major provider of online currency trading services and other financial and investment products. Forex broker ETX Capital is registered in the United Kingdom and regulated by the Financial Conduct Authority under the license number 124721. Besides ETX Capital trading is a member of London Stock Exchange. The forex ETX Capital central office is situated in London. The commercial name of the brand is Monecor (London) Limited. All in all ETX Capital provides its customers with access to over six thousand financial markets and exchanges.
ETX Capital is firstly remarkable for its low tight spreads starting from as low as 0.7 for the main currency pair eur/usd. The spreads for the other currency crosses are also quite competitive in the industry to attract traders of all levels of experience. The trading platforms provided by ETX Capital are TraderPro and MetaTrader4. The trading software offered by ETX Capital is equipped with all the necessary functionality, including trading signals, market news, economic calendar, financial review and all the other financial info essential for making deliberate and weighed trading decisions. Both the platforms are available for mobile usage in IOS and Android. ETX Capital allows the usage of various trading strategies including algorithmic trading and scalping.
Beside trading currencies ETX Capital provides trading binary options on its proprietary software ETX Binary platform. ETX Capital pays attention to the security of the customers’ funds and keeps them on the segregated bank accounts which are rebalanced at the end of each trading day.
|Address||ETX Capital One Broadgate London EC2M 2QS|
|Free phone||+44 (0) 20 7392 1400|
|24 hour support|
|Forex contests, competitions|
|24 hour trading|
|Digits after the dot in quotes||5|
|Minimum position size||0.01|
|Pip spread on majors||0.7|
|Standard account, $||100|
|Mini account, $||100|
|Other payment methods|
|Popular payment methods||bank transfer, credit cards, WebMoney, PayPal|
|Account currencies||EUR, USD|
|Other instruments||CFD for shares, futures, options, precious metals, oil|
I don't think that company worth my attention or comment. All services provided by ETX Capital don't match actual quality and cannot be used in brokerage industry. Can you imagine if such companies like Morgan Stanley or Charles Schwab give you no immediate support when you need to maintain your margin requirements? My positions were closed by margin call and I wasn't able to add funds because there were some technical issues on broker's servers. I can't believe that, however, this is reality.
I do have trading experience in forex market since 2009 and I've been trading with many brokers, but this is the best broker I ever had. There is no waiting time after I click to make a trade and execution. No dealing desk quotes which are far away from real market prices. Can't notice any price manipulations and rejections of execution. Withdrawal funds to my bank account has been processed for two business days. I didn't use other forms of deposit but there are plenty of them. My experience with this broker for already 7 months and I can't find a reason why I should search for another one. Personally, never had any problems with execution, and I hope it will never be in the future.