CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

ETX Capital

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Home » Reviews » ETX Capital

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.

On its TraderPro trading platform, ETX Capital now provides traders with access to over 5,000 worldwide marketplaces. They also provide multilingual London-based assistance and personal account management to traders.

TraderPro is accessible by smartphone or PC, and 5,000 monthly clients take advantage of trading opportunities in forex, indices, cryptos, stocks, and commodities.

ETX Capital is a fully licensed and regulated spread betting and CFD service by the Financial Conduct Authority (FCA).

Pros

  • Segregates client funds
  • Established in 2002
  • Regulated by Financial Conduct Authority
  • Min. deposit from $100

Cons

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.

VISIT 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.

ForexETX CapitalCity IndexXTB
EUR/USD(Average: 0.7 pips)0.6 pips0.7 pips0.1 pips
GBP/USD(Average: 1.1 pips)1.2 pips1.7 pips0.1 pips
USD/JPY(Average: 1.1 pips)1.4 pips0.6 pips0.1 pips
AUD/USD(Average: 0.8 pips)1.4 pips0.6 pips0.2 pips
USD/CHF(Average: 2.3 pips)3.0 pips2.3 pips0.2 pips
USD/CAD(Average: 2.9 pips)2.6 pips0.5 pips0.3 pips
NZD/USD(Average: 3.6 pips)2.0 pips2.8 pips0.3 pips
EUR/GBP(Average: 2.4 pips)1.0 pips0.5 pips0.1 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.

SEE ALL SPREADS

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 CapitalIGXTB
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 CAPITALVISIT IGVISIT 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 / CurrenciesETX CapitalIGXTB
# of forex pairs offered609048
Major forex pairsYesYesYes
Minor forex pairsYesYesYes
Exotic forex pairsYesYesYes
Cryptocurrencies*YesYesYes
Commodity CFDsETX CapitalIGXTB
# of commodities offered163421
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalYesYesYes
Index & Stock CFDsETX CapitalIGXTB
# of stocks offered500080001606
UK sharesYesYesYes
US sharesYesYesYes
German sharesYesYesYes
Japanese sharesNoYesYes
SEE ETX CAPITAL’S INSTRUMENTSSEE IG’S INSTRUMENTSSEE XTB’S INSTRUMENTS

Visit ETX Capital

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.

SEE ETX CAPITAL’S PLATFORMS

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.

ETX Capital

Open a demo account

79% of retail investor accounts lose money when trading CFDs with this provider.

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