User Rating:Updated on: May 25, 2018
Visit ETX Capital
|Spreads From||Leverage||Trade Min.||Account Min.||Loyalty Programme||Mobile Trading||Broker Highlights|
|0.6 pt||Professional 200:1 and Retail 30:1||£0.10||£100|
Spread Betting & CFDs carry risk. 79.6% of traders lose with this provider.
ETX Capital – Powerful Trading Platforms
ETX Capital is a leading spread betting provider in the United Kingdom. It has gained widespread acceptance among traders as a reputable, reliable and efficient trading platform. Clients can enjoy award-winning excellence with this multi-asset trading platform.
ETX Capital offers 5,000+ markets to traders across the UK, Continental Europe, and beyond. The company trades under Monecor (London) Ltd, with company registration #00851820. It is fully licensed and regulated to offer spread betting services to UK clients, courtesy of the Financial Conduct Authority (FCA) with financial service registration number 124721.
There are multiple trading platforms available, including TraderPro and MetaTrader 4 (MT4). A wide range of trading options is available at this UK-licensed brokerage, including CFD trading, Forex trading, and the all-important spread betting option. The platforms have been optimised for mobile functionality, on Apple devices (iPod touch, iPad, and iPhone) as well as Android smartphones and tablets.
ETX Capital is an award-winning provider of innovative technology through trading excellence. ETX TraderPro Platform won the Best Spread Betting Platform for 2018 by The ADVFN International Financial Awards and The Online Personal Wealth Awards. ETX Capital’s Education Program won for Best Trading Education by The Online Personal Wealth Awards for 2018. These three awards are on top of the two Education awards ETX Capital won in Q4 last year: Best Trading Education by Shares Awards and Best Forex Educators by the UK Forex Awards
Spread Betting Account Types
ETX Capital offers 2 types of accounts i.e. platforms for spread betting clients. These include:
- ETX MT4 (with expert advisers (EAs)
- ETX TraderPro (with charts, graphs and tradable options)
ETX Capital also provides demo trading accounts on each of these trading platforms. These are ideal for practicing your technical and fundamental analysis under real market conditions at zero risk.
There are 5,000+ financial markets available, including commodities, Forex, stocks, and indices. The competitive spreads allow for greater profits with traders, given that there is less profit being generated for the broker. Spread betting markets are divided up into multiple categories. These include: Forex, indices, equities/shares, commodities, and interest-rate/bonds.
- Currency pairs include the following: EUR/GBP, EUR/USD, USD/JPY, CAD/USD, GBP/USD, AUD/USD and many others.
- Indices at ETX Capital include the UK 100, the South Africa 40, the Spain 35, Italy 40, France 40, Japan 225, Australia 200, Germany 30, and Wall Street. Spreads are as low as 0.5 points on the S&P 500 index, and spread betting allows for trading of the cash market as well as futures indices.
- Shares trading is also possible at ETX Capital with spreads as low as 0.20% on popular options like Alphabet, Lloyd’s, Barclays, British Petroleum, Facebook, Apple, Tesco and others.
- Commodities spread betting options include Brent crude oil, natural gas, Nymex crude oil, heating oil, copper, gold, palladium, silver, corn, lean hogs, soybeans, oats, wheat, cocoa, corn etc.
- Interest Rates and Bonds can be traded in the UK on multiple options such as German Bunds, UK guilts, and US treasuries. The current prices add 1 tick to the market price.
ETX Capital recently deployed cryptocurrency options including Bitcoin, Ripple, Ethereum, Litecoin and Bitcoin Cash as UK investors get behind this hugely popular blockchain technology. Clients can trade Bitcoin via spread betting and CFDs on the TraderPro platform. As one of the most highly capitalized financial instruments in the world, Bitcoin has been added to the 5,000 other financial instruments available at ETX Capital.
Spread Betting Platforms
ETX Capital offers its spread betting account holders 2 separate platforms, each tailored to various betting needs:
- ETX Trader Pro with a wide range of tools and resources for low spread trading, including account-related alerts, stop orders, and personalised charts.
- ETX MT4 is available to spread betting clients looking for fully automated trading, with EAs, advanced charting capabilities, and automated components of trading activity.
All platforms are accessible via iphone and android mobile and tablet devices. The MT4 platform is also available on Windows Mobile devices.
Clients can contact ETX Capital via multiple channels. For example, the UK trading desk telephone number is +44 (0) 20-7392-1434. The customer service telephone number is available during trading hours (from Sunday at 9:30 PM through Friday at 9:15 PM GMT time). Customer support representatives are professional, courteous and highly knowledgeable about all aspects of spread betting in the UK.
The email address for other queries is firstname.lastname@example.org, and the snail mail address is located in London UK. Customer service is available in English, German, Polish, Italian, Spanish, Danish, Slovenian and Japanese. The support & FAQ page is especially useful to clients who are seeking quick solutions to standard questions about technical issues, trading issues, or account information. Simply enter your query, search phrase or question, and you will find multiple solutions listed instantly.
ETX Capital provides detailed trader education on a wealth of topics through seminars, live webinars, trader courses, roadshows etc. These resources are detailed, user-friendly, and easily accessible. The how-to guide is the most useful resource for spread betting information.
The online webinars are designed to offer in-depth insights into live market analysis, trading activity, trading strategies, technical analysis, FX trading, contracts for difference, chart reading, and the like. The complexity of financial market analysis is simplified through the education section on site. ETX Capital does a sterling job of providing tailor-made solutions in an easy-to-understand format. The webinars are provided as a complimentary service to traders and are run by an independent team of financial analysts in conjunction with in-house trading experts.
Safety and security is high on the list at ETX Capital. Clients can rest assured that payment security via 3D secure technology and SSL encryption connections are in place at all times. The integrity of trader accounts is protected against third-party interception. Plus, the security protocols provide additional layers of protection with text message verification through issuing banks.
The company that runs ETX Capital is 100% licensed and regulated by the FCA, and operates according to stringent standards in the United Kingdom. According to the FSCS (Financial Services Compensation Scheme), claimants are entitled up to £50,000 if repayment claims have not been satisfied. Plus, funds that are lost by ETX Capital are guaranteed up to £85,000 per person.
As with all fully licensed and regulated UK trading brokers, ETX Capital ensures that client funds are safe and secure and in segregated accounts separate from company funds. This is in line with the Financial Conduct Authority’s strict compliance requirements.
The greatest strength of ETX Capital lies with its easy-to-use platforms and quality customer support. The educational programme is also strong with a healthy range of programmes and an in-depth set of seminars available to its new and existing customers.
ETX Capital also offers an extensive market analysis in the form of market commentary, video commentary and a free global news-wire subscription to International Business Times for registered clients. ETX Capital allows clients to set up a 14 day demo account with a balance of £10,000.
- Daily market updates
- Full licensing and regulation through the FCA
- A wide range of financial instruments to trade (5000+)
- Multilingual customer support and multiple contact options
- Demo trading account with $10,000 faux trading balance
- Comprehensive education resources including webinars, seminars and trade insights
- 2 spread betting platforms including ETX Trader Pro and ETX MT4
- Restricted to UK clients and other regulated jurisdictions
- Scant information on Bitcoin and other cryptocurrency options
As the premier provider of spread betting services to UK clients, ETX Capital certainly does a good job of competing with the big boys of the industry. With some 5,000+ financial instruments available, and many more being added, this online spread betting service is on the money. Low spreads, and multiple Forex, commodities, indices, shares, and bond markets cover the full spectrum of trading opportunities for clients. Full mobile functionality in the form of Android and iOS options is in line with the market leaders. This attractive spread betting platform passes the litmus test as a trader favourite in the United Kingdom. The demo trading accounts across all 3 platforms are a nice touch and will certainly help traders to understand the markets much better before they invest real money.
79.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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