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ETX Capital Review .A Scam Broker

ETX Capital, which has been operating in the United Kingdom (UK) for more than 50 years, is among the top CFD and Forex brokers today. It is a trading name of Monecor London Limited, founded in 1965 and got Financial Conduct Authority (FCA) authorization in 1995. Read our ETX Capital Review till the end to know more about the broker.

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ETX Capital Review .A Scam Broker

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  1. ETX Capital Review 2022: A Scam Broker? fxreviews.best/etx-capital-review September 25, 2020 ETX Capital, which has been operating in the United Kingdom (UK) for more than 50 years, is among the top CFD and Forex brokers today. It is a trading name of Monecor London Limited, founded in 1965 and got Financial Conduct Authority (FCA) authorization in 1995. Read our ETX Capital Review till the end to know more about the broker. In addition, the broker is also a member of the London Stock Exchange. 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 a diverse set of trading instruments, as well as tight spreads and high- quality educational resources to its clients. In 2018, the UK Forex Awards and the Online Personal Wealth Awards named ETX Capital’s ‘TraderPro’ as the best trading platform. Is ETX Capital Scam or Legit? Check Out If you’re wondering – Is ETX Capital Scam? Here’s detailed information about the broker. Monecor (London) Ltd, a parent company of ETX Capital, is a London Stock Exchange member firm. The broker is regulated by the UK’s Financial Conduct Authority (FCA) with registration no. 124721 and the South African Financial Sector Conduct Authority (FSCA) with license no 50246. Having been regulated by top global financial regulators, it is no surprise to say that ETX Capital operates legally and is safe to trade with. Apart from this, the company has headquarters at 26 Finsbury Square, London, EC2A 1DS. Pros and Cons of ETX Capital? As one of the oldest and leading brokers, ETX Capital offers its clients outstanding services. However, trading on ETX Capital has some drawbacks too. Before trading, take a look at the pros and cons of this broker in our ETX Capital Review 2022. Pros: Access to Over 5000 markets 1/5

  2. Range of payment options available for Deposit and Withdrawal Fully-Digital and Hassle-free Account opening process Educational and Research tools available Offers advanced trading platforms Regulated by FCA Tight Spreads Good Customer Service Offers advanced trading tools Cons: High Forex Fees MT5 platform not available Types of Accounts Offered Live Account: ETX Capital only offers one type of live account. The standard live trading account comes with a comprehensive collection of features and tools, as well as a £100 minimum initial deposit. Demo Account: There is a free demo account option in addition to the single live trading account offered by ETX Capital. You can sign up for a demo account with MT4 or ETX TraderPro. Once you have your demo login information, you can start trading stocks with virtual money on the markets of your choice. These virtual accounts are an excellent way to gain experience and develop a strategy. You can upgrade to real-time trading after gaining expertise and being comfortable with trading. Account Opening Process on ETX Capital? 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. How to Create an Account on ETX Capital? Step 1: Fill in your name, email address, and phone number. Step 2: Choose a trading platform (TraderPro or MT4) as well as a base currency. Step 3: Provide information about your address, such as your country of residence. Step 4: Answer questions on your financial expertise and provide your financial details. 2/5

  3. Step 5: Lastly, you must verify your identity by uploading a government-issued national ID, passport, or driver’s license. For residence proof, utility bills and bank statements can be used. Major Markets Offering The broker offers 5 major markets to trade in. These trading markets include: Forex Trading on over 60 Currency pairs Index Trading on the UK, US, and European Indices Stocks Commodity Trading Cryptocurrencies such as Bitcoin, Ethereum, Ripple, and others Commission and Fees When it comes to forex pairings, ETX Capital offers commission-free trading across all platforms. On the other hand, the broker offers tight spreads. When comparing the spreads on the Trader Pro platform to those on MetaTrader, Trader Pro offers superior pricing. For popular currency pairings like the EUR/USD, forex spreads start at just 0.6 pips. However, the broker charges high fees for Forex trading. Several commission-free share CFDs, including Amazon, have also been offered by the broker. These are based on the most actively traded share CFDs and are available to all live account holders for free, allowing investors to speculate on key worldwide players. Non-Trading Fees: In comparison to other brokers, non-trading fees are low at ETX Capital. The broker doesn’t charge an account fee, and it doesn’t charge a withdrawal fee for the first five withdrawals every month. Read this ETX Capital Review till the end to get comprehensive information about the broker. After that, each withdrawal will cost £10. Withdrawals of less than £100 are also subject to a fee. On the other hand, ETX Capital does not charge an inactivity fee. It’s worth noting that these sorts of fees are difficult to find on the broker’s official website, making the fee structure opaque. Deposit and Withdrawal: ETX Capital Deposit: 3/5

  4. There are no deposit fees at ETX Capital. You can use a variety of electronic wallets in addition to bank transfers and credit/debit cards to add funds to your account. The payment options include: Neteller Skrill Sofort GiroPay China UnionPay Withdrawals: For up to 5 transactions per month, ETX Capital charges no fee. After that, each withdrawal will cost you $10. Furthermore, you will be charged a $10 fee if you withdraw less than $100. You can withdraw funds using the same ways that you used to deposit them. How to Withdraw funds from ETX Capital? The withdrawal process on ETX Capital may take up to two working days to complete. First, take a look at the step-by-step process for withdrawing funds. Step 1: Log in to the trading platform on the internet. Step 2: Select ‘Withdraw Funds’ from the ‘Payment’ section. Step 3: Click ‘Proceed’ after entering the amount you want to withdraw. ETX Capital Trading Platforms Types? ETX Capital offers two advanced trading platforms to enhance the trading experience: ETX TraderPro and ETX MetaTrader 4. Here’s a detailed overview of platforms offered by ETX Capital: ETX TraderPro: This platform is designed for experienced traders or ‘pro’ accounts. In this, you’ll have access to various complex features and a broad range of financial marketplaces. The powerful charting features are highlighted in particular in TraderPro. This enables you to select and examine many charts in various time periods simultaneously. This means you may simultaneously view Heikin-Ashi, Ichimoku, and line charts. Furthermore, once you get your login information, you will have immediate access to historical data, volume indications, assured stops, and other features. In addition, the broker offers educational and research tools. 4/5

  5. Overall, the TraderPro platform from ETX Capital has received positive feedback. Many people feel it is on par with the MetaTrader 4 and MetaTrader 5 platforms in terms of popularity. ETX is a popular choice among full-time traders. Other features on the TraderPro platform include free guaranteed stop losses, which is a great benefit for traders who seek to limit risk with stops. The guaranteed stop assures that your transactions are terminated if the asset reaches that price regardless of market volatility. ETX MetaTrader 4: When you choose a platform on ETX Capital, you will find classic MT4 platform options. This platform is suitable for traders who are already comfortable with the system and do not want to switch. This platform offers an array of functionality as well as excellent security. Popular strategies such as hedging, scalping, and a variety of other methods are all possible with the MT4 platform. Users also have access to the educational material to assist them in getting the most out of the platform. 5/5

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