ETX Capital is an FCA Authorised & Regulated Forex dealer that also offers binary options. ETX is owned by Monecor (London) Limited which was founded in 1965. Their Financial Services Register number is 124721, and they are a member firm of the London Stock Exchange. Contact phone number is +44 (0) 20 7392 1400, and their email is [email protected].
ETX Platform Review
ETX Capital offers the very easy to use Markets Pulse trading software for binary options. The trading platform has a wide range of underlying assets to trade and has 200% returns on Spread High Low & One Touch Options. Regular high low options have an 81% return for the EUR/USD or 80% for the GBP/USD.
Another thing we noticed in reviewing ETX Capital is their updated market commentary and news wire service. A benefit of using an established Forex dealer like ETX, gives binary option traders a stronger support team of advisers.
The minimum deposit for new binary option accounts is only $100, and $500 for Forex trading accounts. You can setup a free demo trading account, alongside your regular account, see here.
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ETX Capital License
When the scam broker investigator looks at a binary options broker to determine if it is a scam or a legit binary options broker, we want to know if a regulator like the FCA in England, the German BaFin or the CySEC in Cyprus gave them a license.
What makes ETX Capital unique is their regulation status. While other brokers may be registered with the FCA, ETX Capital is also regulated by them, see here.
ETX Capital takes complaints seriously due to their FCA license. They use an external Financial Ombudsman Service to resolve any issues traders may have. Traders at ETX Capital receive a higher level of protection with their accounts, because of the Financial Services Compensation Scheme. Trader’s funds are insured up to £50,000. Accounts are all segregated and held in German or British banks, with investment grade ratings.
Compare ETX Capital
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If you already have a trading account with ETX, please write your experience with this broker in the comments section below.