- FCA REGULATION
- SMALL MINIMUM DEPOSIT
- LONG STANDING SINCE 2002
- MULTIPLE TRADING PLATFORMS OFFERED
- SPREADBETTING OPTIONAL
- CUSTOMERS COMPLAIN OF HIGH SPREADS
- LOW RATED CUSTOMER SUPPORT
- LEVERAGE RESTRICTIONS
Is it time for a new forex trading broker? There are literally thousands of brokers to choose from so it can be very overwhelming narrowing down your options. In this article we are focusing on ETX Capital, a UK based forex broker with a long standing reputation in the industry. We will be looking at the pros, cons and all features of this broker so you can make an informed decision as to whether or not they deserve your trust.
ETX Capital Company Information
|Headquartered||London, United Kingdom|
|Office Locations||United Kingdom, Ireland, Poland, Spain, Denmark, Czech Republic|
ETX Capital Account Information
|Account Currencies||GBP, USD, EUR, ZAR, SGD, SEK, RON, PLN, NOK, JPY, HRK, HKD, DKK, CZK, CHF, CAD, AUD|
|USA Traders||Not Allowed|
|Web Trading App||Yes|
|Deposit Methods||Credit/Debit Cards, Wire Transfer, Neteller, Skrill, Softpay, GiroPay, China UnionPay|
|Withdrawal Methods||Credit/Debit Cards, Wire Transfer, Neteller, Skrill, Softpay, GiroPay, China UnionPay|
|Professional Accounts||$100 Minimum Deposits|
ETX Capital Trading Information
|Minimum Lot Size||0.01|
|STP Or Dealing Desk||No|
|Negative Balance Protection||No|
Industry Reviews Of ETX Capital
|Trading Platforms||MetaTrader 4, MetaTrader 4 Mobile, MetaTrader 4 Android, MetaTrader 4 iOS, Trader Pro, Trader Pro Android, Trader Pro iOS|
|VPS For Traders||No|
|Instant One Click Trading||Yes|
|Number Of Pairs Offered||60|
In conclusion, ETX Capital are a good trading broker, especially for clients within the U.K that wish to benefit from the FCA regulation (and the security that comes with that). With that being said, ETX have a few downfalls that make us lean more towards other UK based brokers.
From looking at the FPA reviews of the broker, we learn fairly quickly that the reputation of the company isn’t great. The customer support and trading conditions are brought up as being quite an issue for a large number of traders, which is definitely something to think about. With that being said, playing devils advocate here, the broker is FCA regulated so they would have been shut down by now if they were actually doing anything illegal.
There are brokers offering the same FCA regulation, but much better trading conditions and a better reputation too, such as HotForex. If you have any previous experience dealing with ETX Capital please do let me know in the comments, your feedback is very valuable to other readers.