ETX Capital Review

ETX Capital Overview

Founded 2002
Minimum Deposit £100
Spread Betting Platforms ETX TraderPro, ETX MT4
Spread Betting Markets 5,000+
Spread on EUR/USD 0.6 pips
Banking Methods Credit/Debit Card, Wire/Bank Transfer, Online Bank Transfer, China Union Pay, Skrill, Neteller, SoFort, giroPay
Demo Account Yes
Regulated Financial Conduct Authority (UK)
Customer Support Email, Mail, Phone
Website www.etxcapital.co.uk

 

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Pros

  • Over 5,000 markets
  • Powerful charting tools
  • Free exclusive webinars
  • Regulated by the FCA
  • Personalised account manager
Cons

  • No live chat

ETX Capital is a financial company that is based in the UK. Founded in 2002, they provide a choice of ​specialized trading platforms, some of which has support for spread betting services which is a type of tax-free trading.

Spread Betting Platforms [19/20]

You can spread bet via their 2 platforms. First is their flagship ETX TraderPro which has advanced charting tools and fast execution. It even has a watch list function so you can monitor specific markets which you find interesting. The other platform is the industry standard ETX MT4 which is known for its custom indicators and automated trading features. They also have mobile MT4 platforms which can be installed on tablets and smartphones that are running on iOS, Android and Windows Mobile.

etxcapital spread betting platform

Market Coverage [15/15]

There are thousands of different markets which you can spread bet on including worldwide financial indices, numerous equities, forex pairs and commodities. There are more than 5,000 options including popular markets such as Germany 30, UK 100, EUR/USD, GBP/USD, gold, oil and many more. Such diversity will allow you to expand your trading horizons.

etxcapital spread betting markets

Minimum Deposit [8/10]

When you open an account with this brokerage, you need to make an initial deposit of £100 which will be your capital. It’s not the lowest in the market but definitely not the highest as well.

etxcapital deposit

Spread Betting Advantages [18/20]

Since this brokerage is able to pool liquidity from multiple providers, their platforms can provide very narrow spreads. Popular products like the UK 100 and Germany 30 have spreads of 1 while EUR/USD and GBP/USD pairs have spreads of 0.6 and 0.9, respectively. There’s also the ETX Capital’s Sentiment Tracker which will keep you updated on what’s happening about the markets. You can use this and read ETX reviews to know if a particular instrument is bullish or bearish in real time from an interactive chart that is based on the mentions that they are getting from the media. It’s like getting an extra insight so you’ll know whether it is good to place a Buy or a Sell order.

Customer Support [15/15]

Similar to other investment companies, their customer support is available via phone and email but what makes them different is that they have personalized accounts managers that can help you in using their platforms and alert you of the latest trends which could affect markets prices. This was based on our actual tests when we registered for an account. The agent that was assigned for our account was very helpful and did provide us with useful information that could help us on which markets to spread bet on. The only minor downside is that they are only available from Monday to Friday 7:30am – 9:00pm (London time).

etxcapital support

Reliability [20/20]

This UK-based brokerage is operated by Monecor Limited, a company that is locally regulated by the Financial Conduct Authority (FCA) and is globally known for providing platforms with competitive pricing on a variety of markets. They are also well-established and this is supported by the numerous recognition and awards which they have won over the years. We also made a lengthy research to know their real standing in the market and we discovered that they rank well among the most preferred investment companies particularly in spread betting.

Conclusion

ETX Capital’s platforms not only provide access to a wide range of markets for spread betting but also comes with a lot of features that you won’t find with an ordinary brokerage. The competitive spreads, instant execution and powerful charting tools are just some of the many reasons why you should consider this brokerage if you’re interested with this derivatives product.

Total Score: 95/100

 
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