ETX Capital Review

ETX Capital Broker Review

ETX Capital is one of the oldest FCA Authorised & Regulated Forex brokers, owned and operated by Monecor (London) Limited. They were founded in 1965, and are located at: One Broadgate, EC2M 2Q​S, London, United Kingdom.

Contact phone number is +44 (0) 207 392 1494, and their email is newaccounts@etxcapital.com.

Official website is: https://ETXCapital.co.uk.

ETX Capital Review

ETX Capital offers their investors a choice of the MetaTrader 4 platform, and their own TraderPro platform. Spread Betting, CFD’s Forex, Shares and Crypto Currencies are all available on hundreds of underlying assets.

The difference between a great broker and a mediocre company, is how much they invest in their trading software. It is safe to say, that many clients investing with this broker are there because of the Trader Pro platform. You will notice when reviewing ETX Capital, that their markets commentary and news wire service is up to date. A benefit of using an established Forex broker like ETX, is that they have a strong support team.

Minimum deposit for a new trading account is only $100. You can also setup a free demo trading account, alongside your regular account, see here.

ETX Capital Forex Brokers Review

ETX Capital License

When the scam broker investigator looks at a Forex broker to determine if it is a scam or a legitimate broker, we want to know if they are authorised by the FCA in the United Kingdom.

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. Their Financial Services Register number is 124721, and they are a member firm of the London Stock Exchange.

Broker Open Account

Broker Compliants

ETX Capital takes complaints seriously due to their FCA license, and 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. All these protections are only given to clients who trade FCA regulated products.

ETX Capital Brokers

Compare ETX Capital

New investors in Forex & Binary Options now have many licensed brokers to choose from.

ForTrade is a popular CFD broker licensed and authorised by FCA. You should try their custom trading platform, which is very easy to use, look here.

CM Trading is a South African broker that is licensed by FSB, see here. Their Sirix and CopyKat trading platforms are very popular. Go see: CMTrading.com.

If you already have a trading account with ETX, please write your experience with this broker in the comments section below.

2 responses to “ETX Capital Review”

  1. Jonah Lovell says:

    I have just been on the ETX website and in the smallprint at the bottom it says that ‘Binary Options are not a regulated product’. ETX capital itself is authorised and regulated by the FCA however binary options with ETX are not regulated, meaning if you’re looking to trade binary options, ETX binary is not necessarily any better than other brokers who can be dodgy about withdrawing your capital. Can someone tell me if I am correct in saying this? I have heard so much about scams through binary options trading and would like a bit more help choosing a broker that is suitable for me.

    Thanks,

    Jonah

    • Closingbell says:

      The platform owned by Monecor Ltd which as a company being regulated. As per the latest financial accounts they filed with the companies registration office they have over 200M in assets. Im pretty sure they dont need you X thousands and not pay you out. It doesn’t matter if binary options are not regulated, the company itself is under tight reviews by the FCA to make sure that they are prudent financially, and conduct their business ethically.

      Remember, for a binary broker that doesnt want to steel your money, its very important that traders keep trading and generating volume, as brokers get compensated based on trading volume. Bulls lose 100% if price goes down. Bears win 85%. Bulls lost 100 euros, Bears get 85 euros. There is 25 euros left in the pot for the broker and the market makers who provide liquidity for sharing. In most cases Broker and Market maker goes 50%/50% on the pot.

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