Other asset classes – such as gold and oil, have spreads that are determined in points. The spread will also vary throughout the trading day depending on current market conditions. The ETX Capital Pro account is compatible with the broker’s own proprietary platform, while the ETX MT4 account is compatible with MetaTrader 4. You are able to create additional accounts if you want to use both platforms. For example, if you staked £1 per point on gold to increase in value, and it did so by 50 points, you would make £50.
This includes a debit/credit card, bank transfer, and e-wallets like Skrill and Neteller. In order to determine affordability, ETX Capital will also ask for your employment status, annual salary, and your estimated net worth. Finally, you’ll need to go complete a basic questionnaire regarding key trading terms, such as the risks associated with margin accounts and overnight financing. The value of your investment may fall as well as rise and you may get back less than your initial investment. With Spread bets and CFDs your losses may exceed your deposits. Ensure you understand the risks associated with margin trading before you open a trading account. ETX Capital is the trading name of Monecor Ltd, a member firm of the London Stock Exchange.
The guaranteed stop ensure your trades are closed if the asset hits that price, regardless of the amount of price volatility. ETX also now offer a full professional clients service which is making them the ‘go to’ broker for professional clients since the ESMA regulatory changes. We appreciate your feedback and we are pleased to confirm there will be no more dormancy fees in the future. Combining leverage with derivative products can generate very rapid losses. Please ensure that you fully understand the risks involved before you engage in such transactions. Forex and CFD trading is not suitable for investors who are not able to withstand losses greater than their initial deposit. Traders are only required to deposit a minimum amount of $100 to open an account with ETX Capital.
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Moreover, the platform setup ensures that traders cannot lose more than what they put on the table. ETX Trader Pro, on the other hand, offers customizable charts as well as tight spreads, while with ETX MT4 users can bring their own expert advisors to the platform. The newest platform is ETX Binary and it enables customers to trade binary options with several expiry times. The first three platforms also have demo versions you can try out. ETX TraderPro – The ETX TraderPro platform is very similar to the ETX Trader but is designed for traders with larger accounts.
With MT4 automated trades, ETX Capital is responsible for the hosting while the traders provide the Expert Advisors. Finally, we’ve listed some of the popular funding methods that ETX Capital offers its traders below. 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. As you can see, ETX Capital’s minimum spread for trading EUR/USD is 0.6 pips – which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with ETX Capital vs. similar brokers. To open a live account, you’ll need a minimum deposit of at least €100.
The company offers four specialized platforms traders can choose according to their style and these are ETX Trader, ETX Trader Pro, ETX MT4 and ETX Binary. I have been with ETXCapital since 2002 and although their spreads are not the best I just really like using it. Perhaps ETX Capital can be thought of as a sort of no-frills version, fast and easy-to-use online spread betting platform with average spreads. Even so a wide range of markets are covered and they offer competitive bonuses and a variety of accounts and platforms. For instance, stock indices such as the FTSE 100 and the Nikkei are complemented with access to less common exchanges such as the Milan MIB and the Swiss market.
Etx Capital Broker Fees
When it comes to trading CFDs, you will need to pay a commission. In terms of the spread, ETX Capital is competitive on major indices markets.
- The well respected MT4 platform is also available for traders that require greater functionality and automated trading.
- TraderPro is available on smartphone or desktop, with 5,000 monthly clients making use of trading opportunity across forex, indices, cryptos, shares and commodities.
- With extensive experience, powerful trading tools and an unlimited demo account, ETX Capital makes for a worthy broker contender.
- But if you do decide to return to the platform, ETX Capital will refund you the last three months of inactivity fees.
For additional guidance and other options, see our brokers list. Customer reviews of ETX Capital were mixed in terms of the customer support on offer.
ETX Capital has an AutoTrader platform that facilitates the use of automated Expert Advisors . Traders using EAs can set parameters for their trades and then wait for the automated responses. The advantage that traders get with this option is that one does not have to be in front of a computer to open or close trades.
You will only be able to trade stocks and shares in the form of CFDs. Instead, you are merely speculating on the company’s future price. As we briefly noted earlier, ETX Capital supports a good number of everyday payment methods.
Spread High/Low– Unique to ETX Capital, these options have strike prices slightly above, or below the actual current price level. Beyond that, they behave just as a standard High/Low option. The difference is that the payout on the spread option is 100% – ETX can do this because their “spread” is covered by moving the strike price.
The platform’s FCA licnese – although compulsory, is crucial, as it ensures that ETX Capital separates your funds from its own. It does this by utilizing segregated bank accounts with tier-one financial institutions. On the flip side, it is somewhat surprising that ETX Capital does not offer 2FA (two-factor authentication). As such, make sure that you keep your login credentials safe, and always choose a strong password.
As a result, you may benefit from straightforward and direct trade access, plus low costs. In fact, results from user reviews point to the binary mobile app as among the best in the industry.
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This includes training modules, downloadable files, video commentary and more. All of which can help you with everything from basic definitions to implementing complex strategies. Practice accounts are a fantastic opportunity to build confidence and develop strategies. Then when you have gained experience, you can close your forex demo account from within your account area and upgrade to real-time trading. Although there is just a single live trading account, there is also a free demo account. Once you have your demo login details, you can then trade stocks on the Dax 30, for example, with virtual cash. You get access to 5000 markets and you can enter and exit positions using price alerts, real-time charts, one-touch trading and a range of custom indicators.
The price graph will also show the current status of the trade, with either a blue box or a red box highlighting the current direction of the trade. ETX Capital also offer CFDs and Forex trading, those platforms are covers in more detail in DayTrading.com’s ETX Review. You are long Apple Inc Rolling Daily with a stop loss to sell at 20259. In the underlying market Apple Inc is trading at to sell and to buy. With ETX’s spread of 0.08% added to each side, ETX Capital would be quoting to sell and to buy. If the underlying stock traded at and your stop loss was at 20259, then you would be stopped out. If the stock only traded as low as then your stop loss would not be triggered even though ETX’s current sell price is 20259.
The step-by-step guidelines outlined below explain how you can open an account, verify your identity, deposit funds, and start trading. Launched in 1965, ETX Capital is a broker that allows retail and institutional clients to buy and sell a range of financial instruments. This includes a fully-fledged CFD department that consists of more than 2,500 assets. Whether it’s CFDs in the form or you buy shares, indices, ETFs, commodities, bonds, or cryptocurrencies – ETX Capital has you covered.
By reading our in-depth ETX Capital review, you should now know whether or not the broker is right for you. Not only does ETX Capital have a trusted reputation that exceeds five decades, but it is also regulated by the FCA. You will have the option of trading more than 2,500 CFD products, or if forex is more your thing, the platform lists 58 currency pairs. While fees and payment methods are super important when considering a new forex broker, you also need to explore what features the main trading platform offers. Below we have listed the stand-out benefits that ETX Capital offers. ETX Capital does not charge any commissions if you are trading forex.
Instead, your role is to predict whether the asset in question will rise or fall in value. Launched over 50 years ago, ETX Capital is a UK-based brokerage firm. These days, the platform focuses on CFD trading services – all of which can be accessed online or via your mobile phone.
My overall experience with ETX has been satisfactory so far although I’ve sometimes found their support slow to reply to queries. They are FCA regulated which means that funds have to be kept in segregated accounts. I recommend using the ETX Trader Pro platform as I believe it offers the best choice with tight variable spreads that are based on market prices. The product range is the widest available and covers most asset classes. ETX Capital is a Forex and CFD broker owned and operated by the holding firm Monecor Limited, a member company of the London Stock Exchange. It is authorized and regulated by the Financial Conduct Authority and can legally offer financial trading services to customers from all over the world.
There no fees for withdrawals – unless traders make of 5 requests in a single calendar month. Any withdrawals over 5 within a month will incur a £10 charge. On certain binary option types (‘Long term’ for example), the asset lists will shorten as not all markets are available across all option types. Skilling are an exciting new brand, regulated in Europe and beyond, with a bespoke browser based platform, allowing seamless low cost trading across devices.
The mobile app has been separated from the CFD trading app, to focus purely on binaries. Available for Android (v3.0.0 and up) and iOS , the application delivers the same look and feel as the website, and all of the functionality.
For example, gold and platinum can be traded from just 10p per pip with spreads of 0.4 and 2, respectively. You then have copper, Brent crude oil and silver – which can be accessed from just 50p. If you’re looking to trade agricultural products, ETX Capital offers markets on sugar, cotton, coffee, and more.