London-based ETX Capital has become one of the better online brokers in the industry. The company offers personal, tailor-made support to all types of traders. The company’s award-winning technology also gives you access to commodities and shares trading in thousands of assets.
- Advanced traders
- Investors with diverse portfolios
- Traders seeking in-depth analysis
- Excellent educational resources
- Wide range of tradable assets
- Spread betting, forex trading and contract for differences (CFD) trading
- Corporate brokerage services
- MT4 Remastered and ETX Connect Apps
- Only available to United Kingdom, South Africa and European Union residents.
ETX Capital Ratings at a Glance
ETX Capital offers plenty of choice when it comes to trading options, including various platforms and a wide variety of tradable assets. The firm even offers corporate finance services. Additional details appear below.
ETX Capital provides both desktop and mobile platforms for forex trading, contract for difference trading and spread betting as well as a copy trading app. Read on for information about the broker’s supported platforms.
The ETX TraderPro trading platform gives you access to advanced trading tools like a complete charting package. This lets you take advantage of trading opportunities in real time with powerful technical analysis tools powered by the latest technology.
Not only can you access advanced technical indicators and drawing tools, you also can trade directly from the charts that include 8 classic layouts. For example, you can draw classic candlestick or Heikin-Ashi charts and then add popular indicators like the Ichimoku Cloud collection to them.
ETX TraderPro trading platform. Source: ETX Capital
In addition, the TraderPro platform features dynamic risk management that allows you to gauge your risk before establishing a position. This feature makes it simple to set limits and stop losses so you can more effectively manage your risk on each trade. You can also customize up to 10 different workspaces where you can drag and drop charts and create custom watchlists. The platform is available for desktop, tablet and iOS and Android mobile devices.
The ETX Capital Connect App for Copy Trading
The ETX Capital Connect App lets you follow and copy other traders. The copy trading app features traders from more than 15 major brokerages that you can choose to follow and copy their trades into your own account. The app also has a chat room and group section. You will need to use the MT4 platform to use this social feature, however, because the feature is not available on ETX’s TraderPro platform.
ETX Capital copy trading app. Source: ETX Capital
If you prefer to use the widely popular MetaTrader4 (MT4) trading platform, perhaps to take advantage of its automation features and expert advisors, ETX supports the MT4 desktop, web and mobile app platforms with extremely fast execution times of around 30 milliseconds. In addition, ETX offers a virtual private server (VPS) located in close proximity to its MT4 servers so you can keep your trading robots active in the markets when your PC is turned off. Also, the Trading Signals feature in MT4 lets you automatically copy other traders’ transactions in your own account after reviewing and comparing their track records.
ETX Capital MetaTrader4 trading platform for desktop, mobile and tablet. Source: ETX Captial
The asset classes that ETX Capital allows clients to trade are summarized below.
Forex: Forex traders at ETX Capital can access 60 forex pairs that include majors, minors and exotic currencies. Through the broker’s excellent trading platforms, you can analyze and instantly execute trades. You can even automate your trades using MT4.
CFD Trading: You can trade CFDs on a wide variety of tradable assets through ETX Capital, including forex currency pairs, indices, shares, cryptocurrencies and commodities. You can use leverage and can open either short or long positions. Another advantage of trading CFDs in the U.K. is that you don’t pay stamp duty. CFDs also offer investors a way to hedge and offset other positions in the financial markets like actual stock holdings.
Indices: ETX Capital lets you trade more than 20 stock indices from major equity markets based in Europe, the U.S., the U.K. and Asia. Dealing spreads for major indices like the FTSE 100, DAX, Dow Jones and NASDAQ Composite are as low as 1 point. You also can get relevant news and analysis sent directly to your inbox.
Shares: You can trade CFDs on shares at ETX Capital without paying commissions. Available stocks include Tesla (NASDAQ: TSLA), Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), Rolls Royce (OTC: RYCEY), Facebook (NASDAQ: FB), Riot Blockchain (NASDAQ: RIOT), Royal Dutch Shell (NYSE: RDS.A), Moderna (NASDAQ: MRNA), NIO (NYSE: NIO) and Alibaba (NYSE: BABA). The minimum trade size for share CFDs is 0.1, so you can start trading with a modest amount of money.
Commodities: ETX Capital allows trading in metal commodities like gold, silver, copper, palladium and platinum as well as in energy commodities like Brent and Nymex crude oils. You can also trade soft commodities like sugar, coffee, wheat, soybeans and soybean oil. Some commodities have different trading hours than others.
Crypto: CFDs can be traded on cryptocurrencies like Bitcoin, Litecoin, Ripple, Ethereum and Bitcoin Cash. Dealing spreads for cryptos vary depending on the cryptocurrency involved and whether you plan on trading them against U.S. dollars or U.K. pounds. For UK clients, Crypto is only available for professional accounts.
Spread betting: ETX Capital has been a spread-betting broker since its inception and has won the ADVFN International Financial Awards prize for best spread-betting broker for 2019 and 2020. For those unfamiliar with spread betting, unlike a fixed-odds bet, a spread bet is a type of wager on the outcome of an event where the payoff is based on the accuracy of the spread bettor. In the U.K., spread bets are exempt from both capital gains tax and stamp duty. ETX Capital offers tight spreads on forex pairs and major indices.
Corporate Brokerage and Finance Services
ETX Capital offers corporate brokerage and finance services as a member of the London Stock Exchange (LSE). In addition to full-list LSE fundraising ability, the company can facilitate debt restructuring, buyouts, acquisitions and growth capital financings. ETX Capital’s corporate brokerage service covers U.K. and global markets, and it can provide direct access to international initial public offerings (IPOs) and secondary placings.
ETX Capital’s customer service lets you contact them 24 hours a day during the trading week that runs from Sunday at 9:30 p.m. until Friday at 10:00 p.m. Greenwich Mean Time (GMT). Established accounts can access customer support numbers or directly call the ETX Capital trading desk.
New accounts can access a U.K. toll-free number or a direct number to the new accounts office where hours are 8 a.m. to 6 p.m. GMT Monday through Friday.
Both offices can be reached through email or by regular mail to the London office. The broker also provides support via a live chat feature and Facebook Messenger.
ETX Capital offers competitive pricing overall. You can access ETX Capital’s full commission and cost schedule for all of its tradable assets by clicking here. Just select the platform you plan on using to view all of the available tradable assets offered and their associated trading costs and margin requirements. An especially notable advantage of trading share CFDs with ETX Capital is the lack of commission charges on its top 250 stock CFDS. ETX Capital has also removed the inactivity fee.
The TraderPro mobile app is available for both iOS and Android devices. The mobile version accurately emulates the desktop version of the platform and integrates seamlessly with the desktop version. The mobile version features advanced charting and most of the features of the desktop version.
A mobile version is also available for the MT4 platform for Android and iOS that gives you all of the features of the desktop version. Both the TraderPro and MT4 apps can be downloaded from the Apple Store for iOS devices and through the Google Play store for Android devices.
ETX Capital’s Android mobile app. Source ETX Capital
ETX Capital offers clients 2 excellent trading platforms, top-quality customer service and access to trading in various markets. New traders also can take advantage of the extensive educational features offered by the broker.
In addition, the TraderPro and MT4 platforms are intuitive and can be learned quickly by most new traders. Both platforms offer trading directly from charts, a wide variety of technical indicators and customizable workspaces.
If you prefer to allow others to make your trading decisions, then either the ETX Connect App or MT4’s Trading Signals service will allow you to follow and copy top traders.
ETX Capital lets you access markets worldwide and trade different assets, including forex currency pairs and CFDs on commodities, indices, shares and cryptocurrencies. This gives you considerable choice among tradable assets.
Also, the intuitive and easy-to-navigate nature of the broker’s 2 supported trading platforms and its copy trading app gives the user an excellent trading experience. The MT4 remastered app, which allows for automation and access to a mini terminal, adds to the MT4 platform’s viability.
The TraderPro software has a well-laid-out interface and lets you access advanced features like charting and research. In addition, if you have any questions related to trading or the trading platforms, you can access ETX Capital’s customer support service around the clock during the trading week.
ETX Capital vs Competitors
ETX Capital compares quite favorably to its competitors. In addition to excellent trading platforms and fast executions, the well-established broker offers spread betting, copy trading and excellent educational and research resources.
ETX Capital also has beat out its competitors to win numerous industry awards. These include: Best Online Trading Platform, Best Spread Betting Provider and Platform, Best Support, Best Mobile/Tablet App and Best Trading Education.
The broker’s awards come from prestigious financial company evaluators like: ADFN International Financial Awards, Shares Awards, Online Personal Wealth Awards, Professional Trader Awards and UK Forex Awards.
ETX Capital’s strong 4.5 overall rating comes as a result of its excellent trading platforms, educational resources, pricing and trade executions. The broker also provides access to copy trading and spread-betting services. To get a better idea of whether ETX Capital would be a good fit for you or your company, the broker offers a free demo account so you can gauge its platforms and other offerings.
Frequently Asked Questions
Yes. The Monecor was founded in 1965 and has Tier-1 regulation in the U.K. where it is overseen by the Financial Conduct Authority (FCA). ETX Capital also submits to regulation by the Cyprus Securities and Exchange Commission (CySec) within the E.U.
No. ETX Capital does not allow you to scalp in its trading accounts. Electronic communication network (ECN) accounts that might allow scalping also are not offered by ETX Capital.
Disclaimer: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.85% of retail investor accounts lose money when spread betting or trading CFDs with ETX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money.
Trading products on margin carry a high level of risk and may not be suitable for all investors as it may result in a loss that rapidly exceeds your deposit. It is highly recommended that investors fully understand the risks or seek independent advice if necessary.
ETX Capital provides an execution-only service and all information that is provided is for educational purposes only and should not be considered investment advice or investment recommendation. Any instruments that are mentioned throughout are cited only for illustrative and educational purposes.
Monecor (London) Ltd is a member firm of the London Stock Exchange. Authorised and regulated by the UK Financial Conduct Authority (FCA) with Financial Services register number 124721 and the South African Financial Sector Conduct Authority (FSCA) under license number 50246. Monecor (Europe) Ltd is regulated by the Cyprus Securities and Exchange Commission with registration number 096/08.