Etx Capital Demo Account Reviewed ️ Updated

ETX Capital has been around for a long time and exudes reliability and integrity. You are in good hands with this broker as they have established a https://topbitcoinnews.org/the-grayscale-bitcoin-trust-is-now-the-largest/ solid reputation in the binary options trading industry. ETX Capital is a well established and FCA regulated broker with over 50 years in business.

ETX offers trading on MetaTrader 4 and its own proprietary trading platform, Trader Pro. Winner of numerous awards, the ETX TraderPro software was designed for experienced traders with advanced charting, and numerous drawing and risk-management tools. ETX Capital does not charge for deposits, but for withdrawals under 100 USD, or currency equivalent, a 10 USD administration fee will be charged.

Besides English, customer support is offered in French, German, Turkish, Spanish, Russian, Romanian, Portuguese, Polish, Italian, Hungarian, Dutch, Czech, Chinese, and Arabic. Traders from all over the world can benefit from these multilingual support services. On the plus side, you can use a lot of free deposit and withdrawal options.We liked the seamless and hassle-free account opening process.

Who owns ETX Capital?

In October 2020, Swiss based private equity firm, Guru Capital, completes acquisition of ETX Capital from UK based, JRJ Group.

ETX Capital offers traders demo accounts for both trading platforms, and I did not find a time limit, which I appreciate, as it grants sufficient time for traders to test new strategies. I want to caution beginner traders about using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. Some traders may be disappointed at the lack of account options at ETX Capital, which has a single live commission-free account. Trading costs are average compared to other market maker brokers, with a minimum deposit of 100 USD and variable spreads averaging between 0.8 to 1.1 pips on the EUR/USD.

Risk Disclaimer

Professional clients are not covered by any negative balance protection. ETX Capital is a CFD and forex broker that offers alarge number of currency pairs and CFDs. Its overall product lineup lags behind some of its competitors.

While bank transfers can take 2-3 hours, the other deposit methods are instant. Once you’ve completed the signup process and uploaded your verification documents, most accounts are opened on the same working day. Spread betting and CFDs allow you to play the markets without actually buying stocks. Instead, you can use established trading strategies, expert tips, or gut instinct to predict price movements and invest accordingly. With over 50 years of existence in business, plus being regulated under the FCA, the platform has proven to be a secure place for any interested broker. The ETX Capital customer support service makes use of several languages to meet the needs of their numerous customers.

Etx Trader Pro

Customer support is available between GMT+1 on Sunday 9.30 pm until Friday at 10 pm. Stop, guaranteed stop and trailing stop orders, are all available types of stop-loss orders that you can expect when trading with ETX Capital. The trailing stop order means that while you can protect yourself from losses, you don’t risk losing out on a potential profit. ETX Capital garnered its name from the acronym of exactly what they offer – Electronic trading, Telephone trading and eXecution. The company was initially established in 1965 in London, UK, specialising in mortgage bonds. They later introduced stocks and derivatives as TradIndex which later became ETX Capital.

Who owns ETX Capital?

In October 2020, Swiss based private equity firm, Guru Capital, completes acquisition of ETX Capital from UK based, JRJ Group.

The spreads quoted by this broker can only be classified as average and the important facility of guaranteed stop-losses is also omitted. The exclusive of demo accounts is definitely a major minus as new traders have little chance of mastering their spread betting skills by joining ETX Capital. ETXCapital.co.uk is our recommended Forex and spread betting broker for new traders. They offer a low minimum deposit, MT4 trading, tight spreads of 0.9 and a 60% up to £6,000 bonus. ETX Capital offers full support for MT4 as well as its own award-winning proprietary platform, TraderPro.

Trading Features

ETX Capital excels when it comes to educating both novice as well as expert investors. You can learn all about spread betting, specific markets, technical analysis, and more. In-house experts as well as an independent trader firm offer free seminars. If you are unable to attend the seminars, you can watch pre-recorded and live online webinars that are provided free. ETX Capital reviews show that this broker provides reassuring customer support via live chat, email and a toll-free Universal International Freephone Number .

Does ETX Capital allow scalping?

ETX Capital does not allow Scalping (See brokers for scalping here)

One of the best features of ETX Capital Bonus is to make request for bonus. Traders are directed to contact with support center and trade360 review demand for bonus on the basis of initial funds. If traders have followed terms and conditions of ETX Capital, they are given bonus.

Another important facility is termed the ‘Multiple Asset Watchlist’ which enables you to configure a number of entry criteria for numerous securities that can all be active concurrently. New clients at ETXCapital will currently receive a 60% up to £6,000 bonus when you deposit more than £1,000. Once you have made your deposit please contactin order to claim your bonus.

Mobile Trading With Etx Capital

Use of segregated bank accounts that separate clients’ funds from the firm’s operation funds and prevents incidences of mix-ups. Trading costs such as spreads and overnight funding rates vary depending on the entity, account type opened and instrument being traded and are covered further down this review. Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. This may impact how, where and which products / companies / services we review and write about. This page may not include all available products, all companies or all services. As noted by consumers in numerous ETX Capital reviews, the applications offer an easy-to-use UI and user-friendly experience.

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. With that being said, ETX have a few downfalls that make us lean more towards other UK based brokers. Markets.com – Markets.com offers CFDs across a colossal range of assets from shares and indices to commodities and cryptocurrencies. No restricted telephone support – ETX Capital doesn’t have localized telephone support numbers for international clients. Subsequently, traders from Dublin will contact a similar number as those from Dubai.

Periods between five and 30 minutes are stored for two weeks, and periods between one and four hours are stored for several months. The daily candles on charges are automatically reset at midnight in the time zone of the local market. Daily price changes get applied at midnight in the London time zone. All prices get their basis from the official close of their underlying market. You can view your overall loss or profit on a position with ease, as well. On ETX TraderPro, start by finding the “Open Positions” tab by the lower half of the screen.

Is MT5 good for beginners?

So, once a beginner finishes with MT4, the next best platform to master is MT5. The similarity between the two platforms will enable easier MT5 mastery. Just like MT4, MT5 has a web-based version and is also present as a generic mobile application that can be downloaded from the Android and Google Play Store.

This recently required a $1000 deposit, so it is a helpful proposal to exploit. Visit the ETX Training pages to see the current rundown of free ETX webinars. Forex spreads start from simply 0.6 pips for well-known currency pairs, like the EUR/USD. Spreads for CFDs begin from 0.5 pips, while the least equity spreads are 0.08%.

Forex, Gold & Silver:

The minimum deposit requirements to open an account are 100 USD. In addition, ETX offers a virtual private server 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. EXT Capital has 2 different account types, one demo and one real.

While sitting in your room, you can predict low or high value of assets and increase your funds. Only a regulated and legitimate broker understands the value of customers’ bitsane wallet satisfaction. It is the reason; round the clock online support is given to solve issues concerning registration, bonus, and verification of account or assets selection.

The trading costs at most other brokers tend to be 9 USD per lot of EUR/USD. ETX Capital does not allow you to scalp in its trading accounts. Electronic communication network accounts that might allow scalping also are not offered by 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.

These are its flagship ETX TraderPro and the ever-popular ETX MT4. Once you open your account with one of these platforms, it is still possible to trade on the other platform. They will easily make trading on the other platform available to you since you have already gone through the security process during registration. These include FX, indices, equities, commodities, bonds and/or interest rates. The trading platform is available in a grey/gold/black colour configuration, and you will have to scroll down the list to find the financial instruments you’re interested in. The 3-step process for signing up for a TraderPro Account requires the input of personal information , address details, and then trading and financial information.

Equity markets open and close each trading day and are not operational continuously like Forex and cryptocurrencies. Traders with deposits of $10,000 qualify for Premium Client Package, featuring lower trading costs. Algorithmic traders must accept the more expensive MT4 cost structure, but the MT4 cost is unacceptably high. I rank trading costs among the most defining aspects when evaluating a Forex broker, as they directly impact trading profitability. ETX Capital offers identical leverage restrictions across all three subsidiaries, eliminating the potential FSCA advantage. UK-based, Swiss-owned multi-asset CFD broker with 50+ years of experience.

As mentioned above, ETX Capital gives you access to more than 5,000 markets. When using ETX TraderPro or MT4, you can trade on the ETX Capital Forex platform and access CFDs, indices, cryptocurrencies, shares, and commodities. So depending on your chosen trade as a trader, you may either feel bearish or bullish about the longevity of the particular market. ETX Capital has different display styles that are accompanied by a broad range of trading tools that meets a trader’s requirement. It is possible to do your research and save the settings just as you want.

The commissions and spreads shown here are based on the ETX Capital website’s minimum spreads. ETX Capital is a fully licensed and regulated spread betting and CFD service by the Financial Conduct Authority . Help future customers by talking about customer service, price, delivery, returns & refunds. Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.

Support Options

The Financial Conduct Authority authorizes it under the Financial Services Register. It is important to note that CFDs are broad tools and can be accompanied by a high risk of losing real cash quickly because of leverage. So it is recommended to first watch and understand how CFDs functions well, but you may decide to put in your money only if you know the risks involved. FinancesOnline is available for free for all business professionals interested in an efficient way to find top-notch SaaS solutions. We are able to keep our service free of charge thanks to cooperation with some of the vendors, who are willing to pay us for traffic and sales opportunities provided by our website.

Who became rich by Olymp Trade?

Sai Reddy is now officially one of the richest 19-year olds in the Pune and the entire India, for that matter. The Pune native was playing on his smartphone last week when he discovered a popular new app called Olymp Trade.

The educational content offers quality material for beginner traders. Automated traders get the core MT4 trading platform with the ETX MT4 Remastered upgrade, consisting of numerous add-ons and improvements, but not as sophisticated as other MT4 upgrades. ETX Capital offers all clients the same CFD trading account and conditions.

  • You can open and close trades and set limits and place orders.
  • As you can see from the table above, ETX Capital’s trading costs are included in its variable spreads.
  • If you are still having issues, and cannot access your account, please feel free to contact us and we will be happy to help you as soon as we can.
  • The fact that there is a free demo account means you can brush up on your skills before you trade with this particular broker.

Automated trading – The MT4 platform allows for APIs and augmentations so you can enlist the administrations of trading robots and EAs. The ETX Capital Group rushed to facilitate a smooth transition for existing Alpari customers with a dedicated helpline and the installation of MetaTrader 4 workers. Thus, client ratings went up along with share price and turnover.

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