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ETX Capital Review
ETX Capital was founded in London in 1965 and first specialised in mortgage bonds before diversifying into equities and derivatives.In 2002, it created TradeIndex, a retail derivatives arm that was later renamed as ETX Capital, an abbreviation for the services it provides: electronic trading, telephone trading, and eXecution. It has also grown outside the Capital in recent years, with operations throughout Europe, Asia, and Russia.ETX Capital is a well-established online trading broker providing access to forex, CFDs (contracts for difference), commodities, indices, shares, and more. Originating from the UK, ETX Capital has built a strong reputation over many years for competitive pricing, solid regulatory oversight, and professional trading services tailored to both retail and institutional traders.
This in-depth review covers everything you need to know about ETX Capital from regulation and safety, to trading platforms, fees, tradable markets, execution quality, customer support, and overall strengths and weaknesses. Whether you are a beginner seeking a reliable broker or a seasoned trader comparing options, this review will help you make an informed decision.
Company Overview & History
ETX Capital was founded in the early 2000s and has grown into one of the more reputable brokers in Europe and beyond. The brand has focused on transparency, strong compliance, and professional trading execution. Historically, ETX Capital operated under Monecor (London) Ltd, which is regulated in the UK, and later expanded its services internationally.
Over the years, ETX Capital has adapted to changing market dynamics, including regulatory shifts and increased global demand for diversified trading instruments. Its long presence in the industry provides confidence for traders seeking stability and regulated environments.
Regulation & Safety
Regulatory Oversight
ETX Capital is regulated by leading authorities, providing strong oversight and a high level of trader protection:
- Financial Conduct Authority (FCA) — UK regulation known for strict compliance standards
- Other regulatory frameworks depending on the legal entity and client jurisdiction
FCA regulation means ETX Capital must follow stringent rules related to capital requirements, client fund segregation, risk management, and transparent reporting.
Client Fund Protection
Under FCA rules and other regulatory regimes:
- Client funds are held in segregated accounts separate from company operating funds
- Negative balance protection is provided in certain regions
- Annual external audits and compliance reviews are conducted
These protections help ensure clients’ capital is kept secure and that ETX Capital operates within regulated financial frameworks.
Security & Compliance
ETX Capital implements modern security technologies such as:
- SSL encryption for all client data
- Secure login procedures
- KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance checks
These measures protect both accounts and personal information from unauthorized access.
Tradable Markets & Instruments
ETX Capital offers a wide range of financial instruments suitable for different trading styles and strategies:
Forex Trading
Forex remains a core market at ETX Capital:
- Major currency pairs (e.g., EUR/USD, GBP/USD)
- Minor currency pairs
- Exotic currency pairs
Forex trading is available with competitive spreads, depending on account type and market conditions.
Contracts for Difference (CFDs)
ETX Capital provides CFD trading on:
- Indices — global stock indices from major markets
- Commodities — including precious metals and energy products
- Shares — CFDs on popular global equities
- Cryptocurrencies — depending on regional availability
CFDs allow traders to speculate on price movements without owning the underlying assets.
Commodities
Commodity CFDs include exposure to:
- Gold and silver
- Crude oil and energy products
- Selected agricultural markets (availability varies by region)
Commodity trading is often used for diversification and hedging purposes.
Shares & Equities
ETX Capital offers CFD trading on a range of global stocks, allowing traders to access price movements without directly owning the shares.
Cryptocurrencies
Crypto CFDs provide exposure to major digital assets without requiring storage or wallets, but availability may vary based on local regulation.
Account Types & Trading Conditions
ETX Capital offers several account types designed to accommodate traders with different needs:
Standard Accounts
Standard accounts are suited for most retail traders and typically include:
- Competitive spreads
- Access to all core tradable markets
- No hidden fees (transparent cost structure)
- Flexible trading sizes
Standard accounts are ideal for both beginners and intermediate traders.
Professional Accounts
Professional accounts are available for traders who meet specific criteria (experience, portfolio size, and trading frequency). These accounts may include:
- Higher leverage options
- Direct market access pricing
- Tailored execution conditions
Professional accounts are generally aimed at experienced traders and institutional participants.
Demo Accounts
ETX Capital provides demo accounts that allow traders to:
- Practice strategies in a risk-free environment
- Learn platform functions
- Test execution quality
Demo accounts are helpful for new traders and those transitioning to live trading.
Islamic Accounts
In eligible regions, swap-free or Islamic accounts are available, removing overnight interest (swap) charges in compliance with Islamic finance principles.
Trading Platforms & Technology
ETX Capital supports multiple platforms tailored to different trader preferences:
ETX TraderPro
The broker’s proprietary platform, ETX TraderPro, offers:
- Advanced charting tools and customizable layouts
- Real-time data and fast execution
- Integrated research and analysis tools
- Risk management settings such as stop limits and alerts
TraderPro is known for its user-friendly interface and comprehensive market access.
MetaTrader 4 (MT4)
ETX Capital also supports MetaTrader 4, one of the most popular global trading platforms. MT4 features:
- Automated trading via Expert Advisors (EAs)
- Custom indicators and technical analysis tools
- Multiple timeframes and charting options
- One-click trading
MT4 compatibility makes ETX Capital suitable for traders who prefer a long-established and widely supported platform.
Web & Mobile Trading
Both TraderPro and MT4 are available via web browsers and mobile devices. The mobile trading experience allows:
- Monitoring positions
- Placing trades
- Receiving price alerts
- Managing accounts from Android and iOS devices
Mobile trading ensures that traders stay connected while on the go.
Execution Quality & Order Handling
Execution Model
ETX Capital uses a combination of market execution and advanced pricing models to provide:
- Fast order fills
- Minimal requotes
- Consistent pricing based on aggregated liquidity
Liquidity is sourced from multiple banking and financial partners to improve execution depth.
Liquidity & Slippage
Liquidity availability reduces significant slippage during normal trading conditions. However, during high volatility such as major news events, slippage may still occur — which is standard across CFD brokers.
Order Types
ETX Capital supports a range of order types, including:
- Market orders
- Limit orders
- Stop orders
- Trailing stops
These order types allow traders to implement various strategies, from day trading to longer-term positions.
Fees, Spreads & Trading Costs
Spread Structure
ETX Capital provides variable spreads that differ across markets and account types. Generally:
- Major forex pairs have tighter spreads
- CFDs and exotic pairs may carry wider spreads
- Commodities and indices depend on market liquidity
Spread levels are transparent and visible in the trading platform before order execution.
Commission Pricing
Depending on the market and account type, ETX Capital may charge:
- Spread-only pricing (standard accounts)
- Commission-based pricing for certain markets or professional accounts
Commission charges are usually disclosed upfront, helping traders understand total cost structures.
Swap & Overnight Fees
Positions held past the market close may incur swap or financing charges unless held in a swap-free account. Swap rates vary based on:
- Instrument
- Region
- Interest rate differentials
Non-Trading Fees
ETX Capital typically does not impose:
- Inactivity fees
- Hidden maintenance fees
However, third‐party charges (e.g., deposit/withdrawal fees from payment providers) may apply.
Deposits & Withdrawals
Funding Methods
ETX Capital supports a variety of funding options:
- Bank wire transfers
- Credit and debit cards (Visa/Mastercard)
- E-wallets like Skrill and Neteller (availability varies by region)
Some payment methods offer faster processing times, while others may take longer due to banking procedures.
Withdrawal Process
Withdrawals are processed through the same method used for deposits, where possible. Processing times depend on:
- Payment provider
- Verification status
- Region
Verification procedures such as KYC and compliance checks may delay withdrawal processing until documentation is approved.
Currency Support
ETX Capital supports multiple base currencies, which can reduce conversion fees for international clients. Common currency options include:
- USD
- EUR
- GBP
- AUD
Choosing a base currency matching your bank account can minimize currency conversion costs.
Customer Support & Service
ETX Capital provides responsive customer support through:
- Live chat
- Telephone support
Support hours generally align with global market trading sessions. Dedicated local support may be available in select regions.
Customer service is known for being professional and helpful, providing assistance with account opening, deposits/withdrawals, platform guidance, and technical issues.
Education, Research & Market Tools
ETX Capital offers a range of educational resources and market insights:
Educational Materials
- Trading tutorials
- Video guides / webinars
- Beginner learning paths
- Articles on strategy and risk management
These resources help traders understand market mechanics and develop their approach.
Market Research
The broker provides real-time market analysis, economic calendars, and expert commentary — useful tools for traders seeking data-driven decisions.
Trading Tools
ETX Capital’s platforms include built-in charting, indicators, risk management tools, and news feeds that enhance trading insights.
Pros & Cons of ETX Capital
Pros
- Strong regulation by FCA
- Multiple trading platforms (TraderPro + MT4)
- Diverse markets including forex, CFDs, and cryptos
- Competitive pricing on major instruments
- Solid educational and research tools
Cons
- Limited customization compared with some purely MT4 brokers
- Cryptocurrency availability may vary by region
- Professional account eligibility requirements
Who Is ETX Capital Best For?
ETX Capital is a good choice for:
- Beginner traders seeking regulated environments
- Intermediate traders needing advanced platforms
- Traders focused on forex, indices, and CFDs
- Those who value strong compliance and client protection
It may be less suitable for ultra-high-frequency traders or those needing direct ECN access with raw pricing.
ETX Capital vs Other Brokers
When compared with peers like IC Markets, Pepperstone, XM, and Eightcap, ETX Capital stands out for its strong regulation and platform diversity. However, some competitors may offer:
- Lower raw spreads
- More advanced institutional features
- Higher leverage in certain regions
A head-to-head comparison should consider spreads, commissions, platform support, and regulation to find the best match for your trading style.
User Reviews & Reputation
User feedback on trading forums and review sites commonly highlights:
- Solid execution quality
- Professional platform experiences
- Helpful customer support
Some users have noted that pricing can vary during major news events, which is common across CFD brokers.
Risk Warning
Trading forex and CFDs involves significant risk and may not be suitable for all investors. Leverage amplifies both potential profits and losses. Traders should fully understand the risks and consider their financial situation before trading.
Pros
- Segregates client funds
- Established in 2002
- Regulated by Financial Conduct Authority
- Min. deposit from $100
Cons
- Doesn’t allow scalping (See alternatives)
- Limited range of instruments
- Not ASIC Regulated (See alternatives)
A minimum deposit of $100 is required to establish a live account. Alternatively, ETX Capital provides a demo account that you may use to practise and become acquainted with their platform.
The Financial Conduct Authority in the United Kingdom regulates the industry (FRN: 124721). ETX Capital keeps all customer funds in a separate bank account and works with tier-1 institutions to do so. ETX Capital was founded in 2002 and has its headquarters in the United Kingdom.
Before we get into the specifics of ETX Capital’s spreads, fees, platforms, and trading tools, you might want to open ETX Capital’s website in a new tab by clicking the button below to get the most up-to-date information straight from ETX Capital.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are ETX Capital’s spreads & fees?
Like most brokers, ETX Capital takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The commissions and spreads shown here are based on the ETX Capital website’s minimum spreads.
| Forex | ETX Capital | City Index | XTB |
| EUR/USD(Average: 0.7 pips) | 0.6 pips | 0.7 pips | 0.1 pips |
| GBP/USD(Average: 1.1 pips) | 1.2 pips | 1.7 pips | 0.1 pips |
| USD/JPY(Average: 1.1 pips) | 1.4 pips | 0.6 pips | 0.1 pips |
| AUD/USD(Average: 0.8 pips) | 1.4 pips | 0.6 pips | 0.2 pips |
| USD/CHF(Average: 2.3 pips) | 3.0 pips | 2.3 pips | 0.2 pips |
| USD/CAD(Average: 2.9 pips) | 2.6 pips | 0.5 pips | 0.3 pips |
| NZD/USD(Average: 3.6 pips) | 2.0 pips | 2.8 pips | 0.3 pips |
| EUR/GBP(Average: 2.4 pips) | 1.0 pips | 0.5 pips | 0.1 pips |
Spreads are dynamic and are for informational purposes only.
As you can see, ETX Capital’s minimum spread for trading EUR/USD is 0.6 pips, which is lower than the average EUR/USD spread of 0.70 pips. The table below compares the costs of trading one lot of EUR/USD with ETX Capital to similar brokers.
How much does ETX Capital charge to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) with ETX Capital at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $20.1. Here’s a rough breakdown of the fees and how this compares against IG & XTB .
| ETX Capital | IG | XTB | |
| Spread from: | $ 6.00 | $ 6.00 | $ 2.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $ 6.00 | $ 6.00 | $ 2.00 |
| $0 less | $4 less | ||
| VISIT ETX CAPITAL | VISIT IG | VISIT XTB |
All fees/prices are for informational purposes and are subject to change.
What can you trade with ETX Capital?
ETX Capital provides over 5,137 different trading products, including more than 60 currency pairings. We’ve summarised all of the different types of products offered by ETX Capital below, along with comparative instruments from IG and XTB.
| FX / Currencies | ETX Capital | IG | XTB |
| # of forex pairs offered | 60 | 90 | 48 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies* | Yes | Yes | Yes |
| Commodity CFDs | ETX Capital | IG | XTB |
| # of commodities offered | 16 | 34 | 21 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes |
| Index & Stock CFDs | ETX Capital | IG | XTB |
| # of stocks offered | 5000 | 8000 | 1606 |
| UK shares | Yes | Yes | Yes |
| US shares | Yes | Yes | Yes |
| German shares | Yes | Yes | Yes |
| Japanese shares | No | Yes | Yes |
| SEE ETX CAPITAL’S INSTRUMENTS | SEE IG’S INSTRUMENTS | SEE XTB’S INSTRUMENTS |
What’s the ETX Capital trading experience like?
1) Platforms and apps
ETX Capital provides the well-known MT4 forex trading platform. See our MT4 broker comparison for a list of the best MT4 brokers. They also provide their own TraderPro platform. Traders may trade with their preferred device thanks to the mix of downloading platforms for both Mac and Windows.
They also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
Still not sure?
Open a practice account & learn to trade
2) Executing Trades
ETX Capital allows you to trade with a minimum of 0.01 Lot. This may differ based on the type of account you establish. The maximum trading requirements differ according to the trader and the instrument.
ETX Capital, as a market maker, may have lower entry criteria than an ECN broker, who benefits from a higher number of transactions and usually has higher capital and minimum trading requirements. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that ETX Capital offers its traders below.
Trading Features:
- Allows hedging
- Low min deposit
- Guaranteed stop loss
Accounts offered:
- Demo account
- Micro account
- Mini account
- Standard account
Funding methods:
- Credit cards
- Bank Transfer
- Neteller
3) Client support
ETX Capital supports a wide range of languages including English, French, Spanish, German, Polish, Czech, Greek and Mandarin.
4) What you’ll need to open an account with ETX Capital
As ETX Capital is regulated by the Financial Conduct Authority, every new customer must go through a few simple compliance checks to verify that you understand the risks of trading and are permitted to trade. When you establish an account, you will most likely be asked for the following information, so have it handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you may be able to browse ETX Capital’s site immediately, it is essential to know that you will not be able to execute any transactions until you pass compliance, which might take several days depending on your circumstances.
To start the process of opening an account with ETX Capital you can visit their website here.
79% of retail investor accounts lose money when trading CFDs with this provider.
FAQs
1. Is ETX Capital a regulated broker?
Yes, ETX Capital is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, which enforces strict rules on client fund protection and broker operations.
2. Which trading platforms does ETX Capital offer?
ETX Capital offers its proprietary TraderPro platform as well as MetaTrader 4, both available on desktop, web, and mobile devices.
3. What markets can I trade with ETX Capital?
ETX Capital allows trading in forex, indices, commodities, shares via CFDs, and cryptocurrencies, depending on region and account type.
4. Does ETX Capital provide demo accounts?
Yes, ETX Capital offers demo accounts that allow traders to practice strategies and explore the trading platforms without risking real money.
5. How long do withdrawals take at ETX Capital?
Withdrawal processing times vary by payment method and verification status, but most withdrawals are processed within a few business days.
