ETXCAPITAL CFD Broker Review

ETXCAPITAL SUMMARY

■ Found: ETXCAPITAL was found in 2002

■ Headquarters: ETXCAPITAL maintains headquarters in the United Kingdom

■ US Residents: ETXCAPITAL does not accept US traders –No-

■ Islamic Accounts: ETXCAPITAL provide Islamic Accounts (SWAP-Free) –Yes-

■ Regulated: ETXCAPITAL is regulated by FCA UK (124721)

■ Account Segregation: Accounts of non-professional clients covered and segregated (maximum €50,000) -Yes-

■ Web-Site Languages: ETXCAPITAL website supports English, Italian, Spanish, German, French, Danish, Greek, Polish, Chinese Czech, Hungarian, Norwegian

ETXCAPITAL TRADING INFO SUMMARY

■ Broker Type: CFDs and Spread Betting

■ Platforms: MetaTrader4, ETX Trader Pro, Mobile Trader

■ Trading Time Zone: GMT+2

■ Demo Account: ETXCAPITAL is offering a Demo Account –Yes-

■ Typical Spread EUR/USD: 1.4 pips

■ Leverage: Leverage at ETXCAPITAL is up to 1:30

■ Scalping /Hedging: are allowed at ETXCAPITAL –Yes-

■ Bonus Policy: ETXCAPITAL offers £$EUR 20 registration bonus and deposit bonus up to £$€3,750

■ Minimum Account: $100

 

ETX CAPITAL ASSET INDEX

□ ETXCAPITAL is providing mnay Forex Pairs, Stocks Indices and a few commodities (Gold, Silver, Platinum, Brent Crude, NYMEX Crude)

Forex				Shares		Indices
	Min Spread		Min Spread		Min Spread		Min Spread
EURUSD	0.7	NZDCAD	8	Barclays	0.08%	France 40	1
AUDUSD	0.9	SGDJPY	8	BP	0.08%	Germany 30	1
EURJPY	0.9	GBPCAD	10	National Grid	0.08%	UK 100	1
GBPUSD	0.9	GBPNZD	12	Rio Tinto	0.08%	Wall Street	1
USDCHF	0.9	USDHKD	12	Vedanta	0.08%	Euro stocks	2
USDJPY	0.9	GBPSGD	13	Vodafone	0.08%	SP 500	5
EURGBP	1.5	EURNZD	14	Lloyds	0.08%	Italy 40	10
NZDUSD	2	EURDKK	15	Amazon	0.09%	Japan 225	13
EURCHF	2.4	USDDKK	20	Apple	0.09%	Hong Kong 40	20
USDCAD	3	USDCZK	25	Bank of America	0.09%
CHFJPY	3.5	EURPLN	30	Commerzbank	0.09%
AUDJPY	3.9	USDPLN	33	Deutsche Bank	0.09%
GBPJPY	3.9	EURCZK	35	E.On	0.09%
AUDCAD	4	EURHUF	35	Google	0.09%
GBPEUR	4	USDHUF	35	Facebook	0.09%
CADJPY	4.5	USDNOK	40	Mcdonalds	0.09%
AUDCHF	4.9	USDSEK	40	Microsoft	0.09%
GBPCHF	4.9	EURNOK	50	Netflix	0.09%
AUDNZD	5	EURSEK	50	Soc Gen	0.09%
EURAUD	5	USDRON	65	Telefonica	0.09%
NZDJPY	5	GBPSEK	70
USDSGD	5	GBPNOK	75
CADCHF	5.5	EURZAR	200
NZDCHF	6	USDRUB	200
GBPAUD	7	GBPZAR	240
EURCAD	8	USDZAR	300

 

 

TRADING PLATFORM & MOBILE

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NEW ACCOUNT INFORMATION

■ The minimum initial deposit required for opening an account on ETXCAPITAL is 100 USD.

■ Account Currencies: EUR, USD, GBP

■ Multiple Trading Orders: Including OCO, GTC, GFD

ETXCAPITAL FUND METHODS

ETXCAPITAL Fund Methods:

■ Credit / Debit Cards | ■ Bank Wire | ■ MoneyBookers Skrill

CONTACT INFORMATION

ETXCAPITAL Review Conclusions:

ETXCapital is a London-based broker found in 2002. The broker is licensed and regulated by the FCA UK while all non-professional accounts are covered and segregated up to 50,000 GBP. ETXCapital is owned by Monecor Limited which was established back in 1965 and it is a member firm of the LSE (London Stock Exchange). Originally ETXCapital was part of Tradition Bank (under the name TradIndex).

ETXCapital offers CFD trading and spread betting on a great variety of assets including 65+ Forex currencies, shares, indices, and commodities. The platforms offered by ETX include MT4, WebTrader, and Binary Trader plus a Mobile App for iOs and Android. Automated trading, scalping, and hedging are all allowed. ETXCapital offers Autochartist software and a free newswire service to all MT4 clients. The capital leverage is up to 30:1. The broker offers fair trading conditions, the EURUSD typical spread is 1.4 pip.

The customer service is 24/6 via email and phone (no live chat). There is also a personal account executive and CFD telephone trading service. The customer service is multilingual and includes English, Chinese, French, German, Italian, Spanish, and some other languages. ETXCapital focuses on free education and offers seminars, webinars, and more advanced education courses.

The minimum deposit to open a new account is $100 while an account may be held in EUR, GBP, or USD. Not many fund methods are available (Cards, Wire Transfers, MoneyBookers Skrill). The broker at the time of this review offers a 60% deposit bonus. Overall ETXCapital is offering CFD and Spread Betting in competitive terms by providing high safety of client funds. The deposit bonus for new clients is 25% and up to £$€3,750.00.

 

ETXCAPITAL REVIEW PROS & CONS (According to competition)

ETXCAPITAL REVIEW CONCLUSIONS
ETXCAPITAL PROS	ETXCAPITAL CONS
√ Great Variety of Forex Assets plus Stocks, Indices and Commodities √ Trade Dow, S&P 500, Dax, and other Indices in MT4 √ Regulation by the FCA UK & Segregated Client Accounts (up to 50,000 GBP) √ Hedging plus Autochartist Software √ Educational Material and Webinars √ Flexible Orders (including OCO, GTC, GFD) √ CFD Telephone Trading Service √ Welcome Bonus up to £$€3,750.00	X No Live Chat X The wide minimum stop-loss distance makes Forex scalping very difficult

 

 

 

■ ETXCAPITAL Review