Independent rating of Forex broker ETХ Capital

About company

ETX Capital received its current brand name only in 2008; previously it was known as Tradition UK and TradeIndex. ETX Capital is part of the well-known UK сompany Monecor Ltd founded back in 1965). It is registered in the UK and regulated by the Financial Management Service (FCA). Over the past few years, the company has gained popularity among traders, occupying its niche in the forex market. According to ETX Capital's official website, the company has more than 55,000 clients worldwide.

Trading conditions

• opportunity to trade forex, stocks, cryptocurrencies, indices, and commodities
• minimum deposit is £100
• account currencies are USD, EUR, GBP
• more than 100 trading instruments
• accuracy of 5 figure quotes
• hedging and trailing stop
• segregated and PAMM accounts
• processing of withdrawal requests takes 2-3 days

Trading platform

ETX CapitaI offers its clients two trading platforms – MetaTrader 4 and TraderPro. Most traders choose MT4 as this trading platform includes a large number of technical indicators, an extensive testing environment, and a wide range of expert advisors (EA) that help clients automate transactions. The advantages of the TraderPro trading platform are a large package of up-to-date tools for charts, several types of charts, and the opportunity to save up to ten workspaces and move between them.

Training

ETX Capital has a variety of training programs for both beginners and professional traders. The broker offers the following training materials: webinars, seminars, videos, and training. Clients can take the learning course both in person and in absentia.

Support service

You can contact the ETX Capital support service by email or phone. You can also get all the information you need by filling out the electronic form in the "support service" section on the ETX Capital website.

Traders’ reviews

After having studied the comments left by traders, we cannot draw a precise conclusion about the broker. Some of the traders maintain a neutral attitude towards the company, stating that it has its own pros and cons. Others consider the company one of the leading brokers in the international market trusting their money only to this firm. However, there are traders who call ETX Capital a fraudster warning investors not to open an account with this company.

Advantages:

• demo account
• high quality multilingual support service
• bonuses and promotions
• attractive affiliate program
• limited number of trading restrictions
• low minimum deposit

Disadvantages:

• delays in money withdrawal
• sophisticated registration procedure
• lack of guaranteed stop losses