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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.54% of retail investor accounts lose money when spread betting or trading CFDs with ETX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money. Monecor (London) Ltd is a member firm of the London Stock Exchange. Authorised and regulated by the Financial Conduct Authority with Financial Services register number 124721.

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ETX Capital Review 2021

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ETX Capital Main Features
☑️
Regulations
FCA (United Kingdom), CySEC (Cyprus), FSCA (South Africa)
️🗺
Supported Languages
English
💰
Products
Currencies, Commodities, CFDs, Indices, ETFs, Stocks, Bonds, Futures, Crypto
💹
Max Leverage
1:50 (FCA), 1:50 (CySEC), 1:50 (FSCA)
🖥
Trading Desk Type
ECN
📊
Trading platforms
MT4, Proprietary
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.54% of retail investor accounts lose money when spread betting or trading CFDs with ETX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money. Monecor (London) Ltd is a member firm of the London Stock Exchange. Authorised and regulated by the Financial Conduct Authority with Financial Services register number 124721.

ETX Capital Full Review

ETX Capital is a Spread Betting and CFD broker authorised and regulated in the UK by the Financial Conduct Authority (FCA) and in the EU by the Cyprus Securities Exchange Commission (CySEC). The broker offers over 5,000+ financial instruments covering Forex, Shares, Indices, Commodities and Cryptocurrencies, all through its proprietary ETX TraderPro trading platform and the MetaTrader 4 platform.

ETX Capital was founded in 1965 and is an award-winning spread betting and CFD broker headquartered in London, United Kingdom and regulated by the UK FCA, CySEC, and FSCA. Users can trade on more than 5,000+ financial instruments covering Forex, Shares, Indices, Commodities and Cryptocurrencies, all through its proprietary ETX TraderPro trading platform and the MetaTrader 4 platform.

There are two main account types – Spread Betting and CFD, although only UK residents can open a Spread Betting account. Demo and Islamic (swap-free) accounts are also available. Trading costs vary by account and trading platform, however, all costs are transparent and competitive.

Clients have a variety of fee-free deposit and withdrawal options including debit/credit card, bank transfer, Neteller, Skrill and Union Pay. There is a good range of research and educational material that includes Market News, Market Wrap, News & Analysis, Webinars, eBooks, Platform Guides, Trader Basics courses and more. Customer support hours are Monday to Friday: 7:30 AM – 9:00 PM via email, phone, live chat and Facebook Messenger.

Pros: Cons:
  • FCA, CySEC regulated.
  • Commission-free trading available.
  • 5,000+ financial instruments.
  • Tons of research and educational material.
  • Great additional trading features.
  • Not available for US residents

 

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
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ETX Capital Video Review

Investor Protection & Regulations

ETX Capital is the trading name for Monecor (London) Limited, a company based in the UK and authorised and regulated by the Financial Conduct Authority (FCA), and Monecor (Europe) Limited, a Cyprus Investment Firm authorized and regulated by the Cyprus Securities Exchange Commission (CySEC).

ETX Capital is the trading name for Monecor (London) Limited, a company based in the UK and authorized and regulated by the South African Financial Sector Conduct Authority (FSCA) under license number 50246, and the Financial Conduct Authority (FCA), as shown on the regulator’s register below:

The broker does have a second entity also under the name of Monecor (Europe) Limited, a Cyprus Investment Firm authorized and regulated by the Cyprus Securities Exchange Commission (CySEC).

ETX Capital provides further security of client funds by following the below regulatory requirements:

  • Holding client funds in segregated accounts from company funds.
  • Providing a negative balance protection policy.
  • The UK entity is part of the Financial Services Compensation Scheme (FSCS).

Tradable Products

ETX Capital offers clients the ability to trade on over 5,000+ financial instruments covering Forex, Shares, Indices, Commodities and Cryptocurrencies.

ETX Capital offers clients the ability to trade on over 5,000+ financial instruments covering Forex, Shares, Indices, Commodities and Cryptocurrencies. Below is a list of just some of the available markets for trading:

Forex Shares Commodities
EURUSD Google WTI
GBPUSD Facebook Brent Crude
USDJPY Volkswagen Silver
EURJPY Netflix Gold
USDCAD Indices

Cryptocurrencies

(Professional clients only)

EURGBP US30 Bitcoin
NZDUSD US500 Ethereum
GBPCAD Euro 50 Litecoin
AUDUSD UK 100 Ripple

* Details regarding the available assets are taken from the ETX Capital UK website and are correct at the time of this review. You can find a more detailed list here.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the entity, account type opened and instrument being traded and are covered further down this review.

Account Opening

ETX Capital offers two main account types including a Spread Betting account and a CFD account, as well as Demo and Islamic (swap-free) accounts.

ETX Capital offers two main account types including a Spread Betting account and a CFD account, as well as Demo and Islamic (swap-free) accounts. It should be noted Spread Betting accounts are only available to UK residents and are not available in the EU entity.

The main features of Spread Betting and CFD accounts include:

  • Access to multiple financial instruments covering Forex, Shares, Indices, Commodities and Cryptocurrencies.
  • Account leverage of up to 1:30.
  • A minimum deposit of £100.
  • Up to 5 free withdrawals a month.
  • Access to free award-winning Education, online trading courses and trading content.
  • Markets Alerts and Events straight in your inbox.
  • Free from Capital Gains Tax (Spread Betting accounts only).

Clients who maintain a balance of £10,000+ can also access the Premium service which comes with a Personal Relationship Manager who can deliver market news and data, provide 3rd party technical analysis and give users access to new products and lower trading costs. Premium clients also have priority access to the operational team for any deposit and withdrawal issues but as ETX Capital is an execution only firm, Personal Relationship Managers to not offer financial advice.

Users can open a new account in just a few steps. After clicking the ‘Create Account’ button on the broker’s homepage, users will be guided through the following steps:

  1. Sign Up: Select country of residence, platform, account type and currency.
  2. Personal details: Enter name, email, password, date of birth, phone number, nationality and address.
  3. Employment and Financial details: Enter employment status, annual income, source of income and value of savings and investments.
  4. Trading Experience and Knowledge: Questions regarding previous experience and understanding of various financial products.
  5. Terms and Policies: Agree to various terms and policy documents.
  6. National Insurance: Confirm National Insurance number.
  7. Document Verification: Proof of identity (passport or driving licence) and proof of residence (utility bill or bank statement – not more than 3 months old).

The application form is shown below:

The broker does not accept clients from the United States, Belgium, Canada or Singapore.

Deposit & Withdrawals Options

ETX Capital offers a variety of fee-free deposit and withdrawal methods including debit/credit card, bank transfer, Neteller, Skrill and Union Pay.

ETX Capital offers a variety of fee-free deposit and withdrawal methods including debit/credit card, bank transfer, Neteller, Skrill and Union Pay. It should be noted withdrawals are only free if they are over £100, and any amount below this will incur a £10 processing fee. Further, only five fee-free withdrawals are given each month and any further withdrawals will also incur a £10 fee.

Deposits are also processed immediately for debit/credit cards, Skrill, Neteller and Union Pay, and bank transfers will be processed within 2 hours of funds being received if they are received during business hours – Monday to Friday: 7:30 am – 9:00 pm. Withdrawals will also be processed the same day if instructions are received before 2 pm. However, if further checks are required, they may not be processed within the same day.

Clients can deposit and withdraw funds through the trading platform.

Web & Desktop Trading Platforms

ETX Capital offers clients the ability to trade on its proprietary ETX TraderPro platform as well as the globally popular MetaTrader 4 platform for Windows and Mac systems.

ETX Capital offers clients the ability to trade on its proprietary ETX TraderPro platform as well as the globally popular MetaTrader 4 platform for Windows and Mac systems. The platform features are highlighted below:

ETX TraderPro

  • Multiple chart types.
  • Advanced charting tools.
  • Customised Workspaces.
  • Dynamic Risk Management.
  • Can use on PC or Mac.

ETX MetaTrader 4

  • Multiple technical indicators and drawing tools.
  • Trade micro-lots.
  • One-click trading.
  • Hedging.
  • Downloadable for Windows and Mac.

A screenshot of the ETX TraderPro web platform is shown below and is covered in more detail in the video review:

Mobile Trading Platforms

ETX Capital offers users the ability to access mobile trading on the go from the ETX TraderPro mobile trading app and the ETX MetaTrader 4 mobile app for Android and iOS systems.

ETX Capital offers users the ability to access mobile trading on the go from the ETX TraderPro mobile trading app and the ETX MetaTrader 4 mobile app for Android and iOS systems. Both app download links can be found in the Google PlayStore or Apple AppStore.

The ETX TraderPro mobile trading app provides a range of different features including:

  • Trade and manage your account on the go.
  • Multiple asset classes.
  • On-chart trading.
  • Smart risk management tools.
  • 80+ technical indicators.

The ETX TraderPro mobile trading app is covered in more detail in the video review.

Trading Features

ETX Capital does provide additional trading features that include the ETX Connect App, a mobile social trading app, and ETX MT4 Remastered, a MetaTrader 4 plug-in that comes with a variety of additional tools and features.

ETX Capital does provide additional trading features that include the ETX Connect App, a mobile social trading app that allows users to communicate, copy the trades of other users, and follow the portfolios of thousands of members of the network. Clients simply need to download the ETX Connect App and log in with their MetaTrader 4 account details to access all the additional features.

Clients can also download the ETX MT4 Remastered plug-in to access additional features such as Mini Terminal, Trade Terminal, Alarm Manager, Correlation Matrix, Excel RTD and more. This add-on is only for the MetaTrader 4 platform on Windows computers and is a great additional feature for trading.

Commissions & Spreads

ETX Capital offers competitive trading costs across all asset classes with a range of commission-free and commission-based trading but this varies by account type and platform. All spreads and commissions are transparent on the broker’s website.

ETX Capital offers commission-free and commission-based trading but this varies by account type and platform. Trading with a Spread Betting account is completely commission-free and although the CFD account is largely commission-free, share trading is commission-based.

The average spreads and commissions are shown in the table below for each account type and platform, however, users should be aware the average spreads largely depend on the time of day, and as such the below table only provides a rough estimate of the daily spreads:

Spread Betting TraderPro Avg. Spreads From MetaTrader 4 Avg. Spreads From
EURUSD 0.81 1.01
US Tech 100 1 – 2 1 – 2
BTC/USD Variable 20 + market
US Shares 0.1% 0.1%
Gold 0.4 0.4
Euro Bund 0.01 0.01
CFD TraderPro Avg. Spreads From MetaTrader 4 Avg. Spreads From
EURUSD 0.81 1.01
US Tech 100 1 – 2 3
BTC/USD Variable 20 + market
US Shares

Commission 0.1%

Min. Charge 15 USD

0.1%
Gold 0.4 0.6
Euro Bund 0.01 0.01

For Non-Islamic accounts, overnight funding or ‘swap’ fees are charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays.

The broker does not charge any inactivity account fees.

Bonus & Promotions

In accordance with regulatory restrictions, ETX Capital does not offer any bonuses or promotion offers to its clients.

Customer Support

ETX Capital offers customer support Monday to Friday: 7:30 AM – 9:00 PM via email, phone, live chat and Facebook Messenger. There is also a detailed FAQs & Support section on the broker’s website.

The broker customer support hours are Monday to Friday: 7:30 AM – 9:00 PM via email, phone, live chat and Facebook Messenger. Office hours for new accounts are Monday to Friday: 8:00 AM – 6:00 PM. There is also a detailed FAQs & Support section on the broker’s website.

After submitting a question through the live chat we were connected to an agent who answered our question within 2 minutes, as shown below:

Contact Information:

  • Address:
    • ETX Capital, Floor 6, 26 Finsbury Square, London, EC2A 1DS, United Kingdom.
  • Email:
    • customer.service@etxcapital.com
  • Phone:
    • Trading desk: +44 (0) 20 7392 1434
    • Customer service: +44 (0) 20 7392 1494
  • Social Media:

Research

ETX Capital offers clients various research including Market News, Market Event, Market Wrap, News & Analysis and more. The content is very comprehensive and is updated regularly.

ETX Capital offers clients various research including Market News, Market Event, Market Wrap, News & Analysis and more. A summary of the main research available is given below:

  • Market News: A stream of important news headlines on global economics and news relating to currency markets.
  • Market Event: Week in review and week ahead articles covering important economic data and news headlines for multiple markets.
  • Market Wrap: End of the week market review articles covering the highlights thought the week.
  • News & Analysis: Detailed articles covering important topics and stories provided by ETX Capital’s Head of Research and Analysis.

There are also numerous other categories on the broker’s Analysis page including articles on Non-farm payrolls, Weekly Index Adjustments, Cryptocurrencies and more. The research articles are high-quality and clients can also access videos of important market news and analysis through the broker’s YouTube channel.

Trader Education

ETX Capital offers a range of educational material that includes Webinars, eBooks, Platform Guides and Trader Basics courses to give users a comprehensive introduction to all the fundamentals of trading.

ETX Capital offers a range of educational material that includes Webinars, eBooks, Platform Guides and Trader Basics courses to give users a comprehensive introduction to all the fundamentals of trading. A summary of the main educational content is given below:

  • Webinars: Free weekly webinars designed to help traders optimise their strategy. The webinars are live and cover a range of subjects.
  • eBooks: Six downloadable eBooks offering key, specified analysis of markets.
  • Platform Guides: Trading platform guides on ETX TraderPro and MetaTrader 4 Remastered.
  • Trader Basics courses: 9 comprehensive courses with written and video content covering multiple assets classes, margin and trade risk as well as risk management related topics.

Trading Experience

ETX Capital provides clients access to over 5,000+ financial instruments across Forex, Shares, Indices, Commodities and Cryptocurrencies, all through the broker’s proprietary ETX TraderPro trading platform and the globally recognised MetaTrader 4 platform.

From our observations, ETX Capital provides a great trading offering for traders at all levels. Clients can access over 5,000+ financial instruments across Forex, Shares, Indices, Commodities and Cryptocurrencies, all through the broker’s proprietary ETX TraderPro trading platform and the globally recognised MetaTrader 4 platform.

Clients that are residing in the UK can also benefit from the Spread Betting account that excludes capital gains tax and take advantage of commission-free trading on individual shares. Users should note, however, that trading costs vary not only by account type but also by the trading platform chosen.

Further, the broker does provide comprehensive research that features high-quality articles and there is a large selection of educational material including Webinars, eBooks, Platform Guides and Trader Basics courses that is suitable for new traders.

FAQ

Is ETX Capital regulated?

Yes by the FCA and CySEC.

Where is ETX Capital based?

ETX Capital, Floor 6, 26 Finsbury Square, London, EC2A 1DS, United Kingdom.

How does ETX Capital make money?

ETX Capital makes money mainly through spreads, commissions and swaps on certain asset classes.

How do I deposit in an ETX Capital account?

Funds can be deposited via debit/credit card, bank transfer, Neteller, Skrill and Union Pay.

What is the min. deposit for ETX Capital?

The minimum deposit is £100 to open an account.

How do I withdraw money from ETX Capital?

Withdrawals can be made from the client portal via debit/credit card, bank transfer, Neteller, Skrill and Union Pay.

What is the max leverage in ETX Capital?

The max leverage available is 1:30.

How do I open an account with ETX Capital?

An account can be opened at the click of a button on the ETX Capital website and can be done in just a few steps.

Does ETX Capital use MetaTrader?

Yes, MetaTrader 4.

Conclusion

ETX Capital is a Spread Betting and CFD broker authorised and regulated in the UK by the Financial Conduct Authority (FCA) and in the EU by the Cyprus Securities Exchange Commission (CySEC). The broker offers over 5,000+ financial instruments covering Forex, Shares, Indices, Commodities and Cryptocurrencies, all through its proprietary ETX TraderPro trading platform and the MetaTrader 4 platform.

ETX Capital was founded in 1965 and is an award-winning spread betting and CFD broker headquartered in London, United Kingdom. It is a joint trading name for Monecor (London) Limited, a company based in the UK and authorised and regulated by the Financial Conduct Authority (FCA), and Monecor (Europe) Limited, a Cyprus Investment Firm authorized and regulated by the Cyprus Securities Exchange Commission (CySEC).

The broker provides clients access to trade on more than 5,000+ financial instruments covering Forex, Shares, Indices, Commodities and Cryptocurrencies, all through its proprietary ETX TraderPro trading platform and the MetaTrader 4 platform.

There are two main account types – Spread Betting and CFD, although only UK residents can open a Spread Betting account. Demo and Islamic (swap-free) accounts are also available. Trading costs vary by account and trading platform, however, all costs are transparent and competitive.

Clients have a variety of fee-free deposit and withdrawal options including debit/credit card, bank transfer, Neteller, Skrill and Union Pay. There is a great range of research and educational material available that includes Market News, Market Wrap, News & Analysis, Webinars, eBooks, Platform Guides, Trader Basics courses and more. Customer support hours are Monday to Friday: 7:30 AM – 9:00 PM via email, phone, live chat and Facebook Messenger.

  • FCA, CySEC regulated
  • Commission-free trading available.
  • 5,000+ financial instruments.
  • Tons of research and educational material.
broker

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.54% of retail investor accounts lose money when spread betting or trading CFDs with ETX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money. Monecor (London) Ltd is a member firm of the London Stock Exchange. Authorised and regulated by the Financial Conduct Authority with Financial Services register number 124721.

See ETX Capital Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
United Kingdom
Foundation Year
1965
Regulations
FCA (United Kingdom), CySEC (Cyprus), FSCA (South Africa)
Publicly Traded
No
Number Of Employees
100-200
Trading Desk Type
ECN
Trading platforms
MT4, Proprietary
Restricted Countries
United States, Belgium, Canada, Singapore
Supported Languages
English
Max Leverage
1:50 (FCA), 1:50 (CySEC), 1:50 (FSCA)
Deposit Options
Wire Transfer, Credit Card, Skrill, Neteller, Moneybookers
Withdrawal Options
Wire Transfer, Credit Card, Skrill, Neteller, Union Pay
Cryptocurrencies
Bitcoin Cash, Bitcoin, Litecoin, Ripple, Ethereum
Fixed Spreads
No
Commission On Trades
Yes
Products
Currencies, Commodities, CFDs, Indices, ETFs, Stocks, Bonds, Futures, Crypto
Mini Account
No
Premium Account
Yes
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
No
Institutional Account
Yes
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