ETC Capital introduction
ETX Capital operates as a subsidiary of Moceor Ltd, a company under regulation by the English FCA which authorizes financial dealing firms.
ETX Capital is a company focused on delivering its clients several market types such are CFDs or spread bets.
The company was established in early seventies, and it has seen its growth since then. Its main brag is customer orientation business for which the company wants to be known for.London-based ETX Capital, owned by 1965-founded Monecor Limited, is an AIM listed forex dealer.
In the summer 2015, ETX Capital changed to the trading platform Market Pulse, which is trading binary options.
The platform is getting more and more popularity because of its 100% returns that it.
To remind, options in this range usually have return of 81% for EUR/USD or for the GBP/USD, 80%.
ETX Capital has an enhanced market commentary as well as news wire. ETX Capital provides to its traders a solid support from its experienced and well informed advisers.
A significant aspect of ETX’s license is that it is registered with the England’s FCA, but it’s also regulated by it. FCA is one of the Europe’s most recognized regulators, along with Germany’s BaFin or Cypriot CySEC.
As ETX being regulated by FCA, that gives more reassurance to the UK-based traders.
In addition, this broker has a license to operate in South Africa known as CFD Central Securities Limited. ETX is a rare binary options broker licensed in South Africa.
Accounts
ETX Capital’s got only one account, and it is accessible for a minimum of a $100 entry. You can trade without any maximum limit, but the company keeps at least 15% of your payout.
The company offers different tight spreads for different products, and it goes 0.7 pips with Forex, that being starting for EUR/USD. For commodities, minimum spreads start with 3 pips, and for equities, the company offers 0.08 percent of indicative spreads. Minimum spreads for major indices begin at 1 pip.
In addition, the leverage rates are 100/1 for most products with maximum of 400/1 on some of the MT4 products.
Features
There are four trading platforms at ETX Capital. The newest one is for trading binary options. Each can be used on android and iOS run mobile devices. At first, it was just iPhone, but later, Android has been added as well. There are a number of trading assets that traders can choose from. One of the best things you see when you get to ETX is actually how it looks. You will immediately notice that its user friendly interface is not going to have any obstacles for you to get around. It is possible to access the website in almost 20 languages. The company also gives fixed spreads and variables.
There are several CFDs for trading at ETX Capital. Those include indices from Wall Street, Australia 200, UK 100, Germany 30, Japan 225 and Honk Kong and France 40, Poland and Greece 20, as well as the Swiss Market Index.
ETX Capital deposit and withdrawal
ETX has done its best to make withdrawing money as easy as possible. As you might expect, depositing money is hardly an issue with any broker, because companies prefer to enable and encourage you to give money to them. However, withdrawals are usually made a bit more complicated so that you think twice before withdrawing your money. Not on purpose, though, because it is four your own safety. Wasn’t that the case, it would be easier for the crooks to hack your money away.
As for depositing and withdrawing money with ETX Capita, it is as standard as it gets, the usual steps for each action. You can use bank transfers, credit cards, and chose payment plans.
However, when you do deposit money, this company made sure you get some bonus, and it varies from 30% to 60%, depending on your deposit. The minimum of $1000 gets you 30%, and for $10000 or more, your bonus rises to 60% maximum.
ETX Capital Review
Having that said, let’s what trading platform does the company offer to its customers. ETX Capital’s customers can trade on two different platform types; ETX Capital platform, and hardly skipped platform – MetaTrader4
Its own platform, Capital Proprietary, has been described as fast and powerful. It enables trades execute trades by the speed of thought, metaphorically speaking, thus letting them lock in any specific desired prices.
Additionally, click trade execution option and trade-through chart possibility cuts down your time for trading even. Some other noteworthy options on this platform are watchlists and stops being guaranteed.
As for the world’s most famous and most recognized platform, the MT4, there has been enough said, but let’s be reminded once again that it is customizable and a platform equipped with manyfeatures, tools for detailed analysis and other necessary gadgets to analyze market.
ETX Capital offers to its clients doors to many markets such are forex, equities, bonds, stock indices, commodities, interest rates, and exchange traded funds (ETFs).
This broker offers payable spreads that can be variable of fixed. Fixed ones are competitive for the most popular currency pairs (USD/GBP and USD/EUR) with pips of 1.5 spread. For indices, spreads are lower, being 1 pip.
ETX Capital also has variable spreads. They are for six most commonly traded pairs. In example, USD/EUR pips begin at 0.7, whereas USD/GBP begins at 0.9.
Traders should constantly pay attention to the variable spreads, because ETX Capital monitors their prices so it can offer the spreads as tight as possible.
As for the customer support, it can be attained in a couple of languages among which are Chinese, Danish, Greek, Italian, French and Spanish.
You can reach the support section by phone, fax, and of course – email.
ETX Capital offers to its clients comments on market, analysis, videos about the market and International Business Times subscription.
Demo account for two weeks is also available, with £10,000 account balance.
As for bonuses and special offer, ETX Capital offers up to 60% bonus on deposit greater than £10,000. Minimum bonus of £1,000 will get you 30%.
Included in special offers, there is an eight-hour training for customers, which includes mentoring sessions on monthly basis. According to ETX Capital, the quality of this free course would usually cost more than $1000 elsewhere, on websites that offer similar courses. So if you find this to be not true, report and comment, you won’t be the first one, as there are many free courses, but then again – the point might be on the quality of the free material.
Four different platforms for trading and educational program, accompanied with daily financial video commentary is something to look forward to with ETX Capital. Opinion of many is that demo account is of a certain quality and those are the things that seriously go in favor of ETX Capital. However, the spreads available, unnecessary confusing notation about its training course for free is not something that would put ETX Capital to a pedestal.
All in all, a nice trial account and bonuses for opening and depositing account can, will, and does, draw attention to more new clients. Spreads that are rather average can’t spoil all the good things, and the design and looks of the spread betting website might be a nice experience.
ETC Capital platforms
Traders on ETX Capital have on their disposal four platforms, each with specific needs and possibilities. For quick trading with secured risk, there is ETX’s Binary platform. As seen on ETX Capital’s website, its Trader platform is designed to beginners who have fixed spreads without minimum deposit. For those traders who want to have more customized platform for their operations, ETX Capital has ETX Trader Pro, which should suit the needs with clients who have variable spreads spread across numerous markets set with a minimum deposit of $750. And there is MT4 platform with all-around access to expert help which enables traders to execute trades automatically.
Each platform can be reached via mobile devices that run on iOS and Android. As for the MT4, it can also be used on Windows-run devices.
The design is something you will see some critics give a lot of praise to, layout being described by many as modern and you can easily get along with. You’ll have to see that for yourself, though.
However, one thing that everybody should agree with, but can’t go as a “fact” is that TEX Capital’s educational program deserves praise. It has a fat portfolio of educational material that will take a lot of your time for all of it to be analyzed, or even read and listened to.
New clients, as well as existing ones will have a lot to read and listen to along their trading career with TEX Capital.
ETX Capital special offers
ETX Capital offers its new clients noticeable bonuses which go up to six thousand pounds for depositing more than one thousand. Claiming a bonus is possible through contacting customer service, which means that it isn’t automatic, or it wasn’t in the time of writing this.
But on the other hand, you are entitled to lift your bonus in cash if you trade at least three times of the bonus value in three months, for example, you have to trade three thousand in order to get a bonus of one thousand. You get the bonus either you make profit or not. However, the point is that you can withdraw your reward.
ETX provides to its users a free course that is worth $500 regularly. However, what you get for that “price” is actually two seminars that any other competitive company would offer for free as well. Basics that you learn are appreciated, but they don’t need to advertise is as something special, and surely not something special or something regarded as “that much” worthy.
ETX has had more bonuses for new customer and has been introducing new from time to time, so when this was written, that was the case. If you decide to explore it, there might be a new proposition and offer in terms of bonuses. The reason for that is that the ETX is still a new player in the field and it doesn’t yet have the needs to spend by giving too big bonuses and is very cautious about it.
We’ll note here that its bonus of $500 worth course isn’t exactly a course valuable to teach you more than the basics. So its value is very questionable.
How many markets can be traded here?
ETX enables you trading on 5000 markets, where shares, currency pairs and indices are included. It also enables you to speculate commodities and interest rates, as well as bonds.
On ETX Capital, four major financial markets are supported. Those are daily bets rolling, expiring market closure, futures both daily and monthly. The platform of ETX offers a quite diverse pallet of assets in comparison to its competition.
Educational options
The company supports a library for learning which many regard being among better ones in among the competition. There can be found seminars for all levels of traders. There are even tutorials for the absolute beginners who never had the opportunity to deal with this market sector.
There are also very comprehensible videos available. You can find explanations for all the major segments of betting spreads. There are also live sessions of seminars in which you are entitled to ask questions. Presenters in these interactive sessions will provide you with any answer you might have. This is not to be found very often, as even the live presentations are usually one-sided. What novice traders might find interesting is actually how amusing the educational videos are and how much fun learning brings. Beginners are definitely going to be amazed with the educational center, as it is very rich and exploring it, traders will really feel the need to learn more and find out more.
A word on Customer Support
Before saying that customer support can be reached by phone 24/5, you should know that you can use the website in more than 20 languages. There are separate lines for those who just joined the community, and separate for those who’ve been using it. Also, there is a special line for those desiring in opening a demo account. The reason for that is avoiding introductory steps for the client, so that they don’t wait to be transferred. The staff can focus better on their “expertise” (that being talking to a beginner and talking to an experienced trader).
Besides phoning ETX, it can be contacted via chat and email.
Conclusion
As for reliability, ETX Capital has fine guiding governance for traders’ business operations. Company shares calculations for Financial Resource on a daily basis. Thus ETX Capital allows traders to take part in Compensation Scheme for Financial Services, which is sanctioned by the government.
Besides having good platform overall, many users agree that the homepage can have a better navigation, as it can seem confusing, especially to those unaccustomed to what to look for.
ETX Capital is serious with its clients; for resolving possible issues traders could run into this broker uses an outside Financial Ombudsman Service.
Paying a lot of attention to the safety of its traders, ETX Capital has traders’ funds insured as much as £50,000. German and British banks have all the accounts, with investment grade ratings.
Open ETX Capital account