The benefit of brokers offering third-party platforms such as MT4 is that traders can take their own customised version of the platform with them should they choose to migrate to another broker. Overall, ETX Capital offers fewer trading account currencies than most other large international brokers, but it offers accounts denominated in GBP. Overall, ETX Capital provides an average number of funding methods, and while deposits and withdrawals are free, processing times are slow. From time to time, there are promotions available, but currently, there are no special promotions offered to encourage you to open a new account with them. One of the features of this site is that it offers several order types including market, limit, stop, stop trailing and OCO with various time limits as well. Receive price alerts via push notification to your mobile or via email.

Interactive Brokers offers a broader range of trading options, including ETFs, funds, and bonds. And while the minimum deposit of $50 at Interactive Brokers is less than at OvalX, it can take 1-3 days to open an account. We have an in-depth Interactive Brokers review that can provide further insight.

An FAQ section answers many of the most common questions, and ETX Capital explains its products and services well on its website. Most traders may only require customer support during emergencies, and ETX Capital ensures swift access when needed. Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto. ETX Capital binary online platform has been widely recognized as one of the best and easy to use trading platform available to the general public. If you are a newbie and decide to start trading with the broker, then this one is just the right fit for you.

ETX Capital’s analysis materials are limited compared to other international brokers. Overall, the ETX MT4 Remastered is a great enhancement to the MT4 platform, but ETX Capital would do well to add more trading tools to its trading arsenal. While MT4 has great customizability, the platform feels outdated, and some of the features may be hard to find.

ETX Capital trading platforms

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the risk of losing your money. ETX Capital is wholly owned and operated by a firm called Monecor, which is a huge company listed on the London Stock Exchange.

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For further increased security, traders’ funds are held in segregated accounts in German or British banks. Mobile platforms allow for an easy access to your everyday trades, which do not require any special technical analysis. Every asset is provided with a clear chart that shows its recent movements, and the platforms themselves are quite interactive. But if you require some advanced charting tools, you can feel free to start using the good old ETX Capital MT4 platform, which is widely known from the Forex market.

With nearly 6,000 CFDs on 23 global stock exchanges, 60 forex pairs, and 7 cryptocurrency pairs, ETX Capital provides forex and CFD traders access to international markets. ETX Capital offers full support for MT4 as well as its own award-winning proprietary platform, TraderPro. When you arrive on this site, you will find it easy to navigate and comprehensive when it comes to opening an account. To familiarise yourself with trading, you have the benefit of being able to open a demo account before you trade with a live version.

unable to withdraw

Access over 5,000 CFD markets across Forex, Indices, Shares and Commodities with a premium, advanced trading platform. Despite what others might state, trading on this platform is a pain is the Ass. If these people wanted to be fair, then the price would be set to zero every time the deal ticket appears thus preventing you making a unintentional trade.

The account opening process on ETX Capital is fully-digital and hassle-free. The online application takes roughly 20 minutes to complete. The verification process on ETX Capital may take up to 24 hours. These virtual accounts are an excellent way to gain experience and develop a strategy.

ETX Capital UX

Although the server speeds are average and nothing to complain about, a VPS server would have certainly helped traders to enjoy lower latency and better security. The company does not offer VPS servers; therefore, if you are looking for VPS access, you will have to choose another broker. ETX Capital offers one live commission-free account with spreads that vary depending on the platform chosen (click here for more on ETX Capital’s trading platforms).

ETX Capital is a serious and professional broker and switching to this broker might not be such a bad idea at all. At the moment, all traders can open an account at ETX Capital and get 20 Euro free starting capital. Moreover, OvalX offers all of its platforms in mobile format, meaning that you can access your TraderPro platform on your Apple or Android phone or tablet. Nowadays, most traders executing positions wherever they are, that’s why OvalX trading allows you to move around freely while you trade. There is the MetaTrader 4 and the own developed ETX Trader Pro. There is not so much difference between the MetaTrader 4 and the ETF Trader Pro.

Customer support is available between GMT+1 on Sunday 9.30 pm until Friday at 10 pm. It is highly likely that you will want to be able to trade on the move. With ETX Capital, using the MetaTrader 4 software, you can do precisely that. You can choose to use the mobile-friendly version of the site in your browser or download the ETX Capital app. With the app, you have access to charts which you can customize to suit how you trade, and you can monitor your positions and trade on the go.

Financial security for traders

The Financial Conduct Authority authorizes it under the Financial Services Register. It is important to note that CFDs are broad tools and can be accompanied by a high risk of losing real cash quickly because of leverage. So it is recommended to first watch and understand how CFDs function well, but you may decide to put in your money only if you know the risks involved. FinancesOnline is available for free for all business professionals interested in an efficient way to find top-notch SaaS solutions. We are able to keep our service free of charge thanks to cooperation with some of the vendors, who are willing to pay us for traffic and sales opportunities provided by our website.

It coincides with a surge in demand from retail traders, making the FSCA license a vital step. Premium client package, professional account upgrade, and custom-tailored services for high-net-worth clients. Cutting-edge proprietary tokenexus trading platform and upgraded MT4. The main differences using MT4 versus ETX TraderPro are the spreads and technical analysis tools. There are 30+ technical indicators — ETX TraderPro has a similar set of tools.

In the busy world of CFDs, sometimes choosing a broker can be a hard task. There are many criteria to consider to ensure that you get the best from your experience online. To assist you with your choice, we have carried out a full and comprehensive review of ETX Capital and what they provide you, the trader.

For more info on how we collect, make available and update data, please check our General Terms and Conditions. For a tailored recommendation, check out our broker finder tool. Answer 4 simple questions and get a list of the most relevant brokers.

Join a leading trading provider with 50 years’ experience in financial markets. ETX Capital provides excellent customer service with prompt and precise responses. However, it is not accessible 24/7, which is a significant drawback. The UK’s tier 1 financial regulator FCA has fully authorized and regulated ETX Capital to offer CFD trading products. ETX Capital has good customer service that responds quickly and accurately.

Also, the intuitive and easy-to-navigate nature of the broker’s 2 supported trading platforms and its copy trading app gives the user an excellent trading experience. The MT4 remastered app, which allows for automation and access to a mini terminal, adds to the MT4 platform’s viability. While ETX Capital seems like a market maker, it is actually an online brokerage service that connects traders with market makers. Brokers like ETX Capital are third-party mediums people can use to access the products listed by such market makers.

How to Create an Account on ETX Capital?

ETX Capital has become one of the better online brokers in the industry. The company offers personal, tailor-made support to all types of traders. The company’s award-winning technology also gives you access to commodities and shares trading in thousands of assets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74%-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Charting is the only available research tool, with no trading ideas, fundamental data or news provided. Please be noted that all information provided by ThatSucks.com are based on our experience and do not mean to offend or accuse any broker with illegal matters. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality. All information should be revised closely by readers and to be judged privately by each person. One of the most honest brokers, fast payouts, call rare (that’s a good thing). Platform laggy, sometimes takes about 10 sec to switch assets or place a trade.

A spread is the amount charged for buying and selling a trading instrument. It is made up of the difference between the buy and sell prices of a product often referred to as ‘pip‘. Contracts-for-difference is one of the two products available with ETX Capital. You don’t own the underlying asset, instead, you place a trade and ‘bet’ on a directional price movement. We tested it and collected the options and costs in How to withdraw money on OvalX.

Be sensible and record all your trades and record all calls just to make sure. All brokers / traders do this for a reason so if you are a trader so should you. Get everything in writing about what you agree with them at account opening and keep the voice recordings just in case. ETX staff seem pretty rfp software development relaxed when it comes to customer service especially the guys handling the payment transfer side of things. It has taken me over a week whereas my other broker Infinox I have my funds in my account within a 48 hour period. I have heard a number of nightmare stories regarding transactions.

While ETX Capital offers its ETX MT4 Remastered upgrade for MT4 traders, it imposes 33% higher trading costs, making ETX Capital unsuitable for algorithmic traders. One of the best assets ETX Capital possesses is the educational section for new traders. It lexatrade has several high-quality tools, ensuring that beginner traders can understand the fundamentals of trading financial markets. ETX Capital lists its address, phone numbers, and e-mails, but the most convenient contact form remains the live chat function.

ETX Capital trading software test

Its range of financial instruments, including the broad range of Forex pairs should be enough to satisfy experienced traders. Still, the limited number of account types and average trading conditions are a bit of a disappointment. Trading accounts can only be denominated in three base currencies – EUR, USD, and GBP, which is limited compared to other brokers. Most other brokers denominated accounts in at least five to ten currencies. ETX Capital offers traders demo accounts for both trading platforms, and I did not find a time limit, which I appreciate, as it grants sufficient time for traders to test new strategies. I want to caution beginner traders about using a demo account as an educational tool.

If you require some unique features to aid in your daily investing activities, then ETX Trader Pro platform has been designed to give the ultimate scope of every asset available on the Internet. With a wide range of analytical tools, you can elaborate on every single trade you place, to make sure that it turns out profitable. The most popular trading platform in the world, MetaTrader, can be used at ETX Capital to connect Expert Advisors . The ETX MT4 trading platform by itself has already many built-in indicators, advanced graph features and free trading education material available. Likewise, you still have a choice to use an industry leading MetaTrader4 that is famous for its charting package, selection of automating capabilities or ability to bring own EA’s to automate orders. Obviously, when you trade online, you can also trade on the go with the mobile app.

Monecor Ltd., the entity that handles EU accounts, is regulated by the Cyprus Securities and Exchange Commission . Have been using ETX for about 10 years and found them to be a first class trading company. Always looking to improve their offer as far as Platform/Charting pakage, good prices and fast execution. Overall ETX Capital is a solid brokerage, with a good background, fair trading conditions and regulation coming from two of the most influential financial authorities – the British FCA and CySEC.

The proprietary ETX TraderPro trading platform offers the best trading experience but only supports manual trading. MT4 supports algorithmic trading and has an embedded copy-trading service but comes with higher trading costs. The trading account you register for determines which of the three available trading platforms you can use. OvalX offers two mobile trading platforms, TraderPro and MetaTrader 4.

In addition, there are educational videos on their site on multiple topics and subjects. ETX Capital provides an execution-only service and all information that is provided is for educational purposes only and should not be considered investment advice or investment recommendation. Any instruments that are mentioned throughout are cited only for illustrative and educational purposes. A mobile version is also available for the MT4 platform for Android and iOS that gives you all of the features of the desktop version. Both the TraderPro and MT4 apps can be downloaded from the Apple Store for iOS devices and through the Google Play store for Android devices. ETX Capital, launched in 2002 by Monecor as TradIndex, was acquired by a joint venture between the UK-based JRJ Group and the Netherlands-based BXR Group.

Thus, the CFD Broker is a trusted company that transacts deals in high-quality financial services that do not affect the confidence of its customers in any form. Coming to spreads payable, you can select between variable spreads and fixed . The lowest forex spread begins from 0.7 pip for the widely used EUR/USD pair. Equities provide 0.08% indicative spreads for certain stocks, while minimum spreads for commodities begin at 3 pips. For select major Indices, the minimum spreads begin from 1 pip. On top of this, ETX Capital provides leverage rates at 100/1 for multiple products and as high as 400/1 on select MT4 products.