What is ETX Capital?
ETX Capital is an English CFD and Forex broker that has had great growth in recent years, and today is one of the best brokers in the sector.
This broker is headquartered in London and is fully regulated by the FCA under number 124721. As a consequence, ETX Capital is obliged to segregate clients’ funds in accounts other than those of the company, as well as to calculate daily financial resources to ensure the maintenance of safety ratios.
In addition, it is also part of the British client funds protection program, the FSCS, which covers clients’ accounts up to £ 50,000, in the unlikely event that something went wrong.
In an important step for the company, ETX acquired the clients of the unfortunate broker Alpari UK, which was considered to be one of the world’s best Forex brokers in retail.
As we can see in this case, the fact of having an account regulated by the FCA is something that gives an extra guarantee.
Click here and open an account from 5 USD with one of the best brokers on the market
That is why we should preferably choose brokers that are regulated by it or by the CNMV, regarding the CFDs and Forex business.
ETX Capital open account
Opening an account with ETX Capital is relatively easy.
First we have to send our personal data and later corroborate them by sending a copy of our identity document and any document that proves our residence, such as a water, electricity or bank bill.
ETX Capital minimum deposit
There is no minimum deposit to open an account with ETX Capital, only the one necessary to contribute margin to be able to trade with the chosen product.
ETX Capital formation
This broker provides the basic necessary education that almost all brokers provide.
This educational material comes in different forms, such as:
- Face-to-face seminars
- Online webinars, which occur very frequently, although many of them are in English
- Courses for Stock Market Operators
- Articles on basic CFDs and Forex trading
ETX Capital platforms
ETX Capital offers CFDs and Forex trading. For this, it has three platforms that are: ETX TraderPro and ETX MT4. The second of them is based on the famous Metatrader 4, the favorite of the forex market and automatic trading.
The ETX TraderPro is designed to use the best possible forks with the best access to global markets that ETX offers.
ETX MT4 is intended for those seeking advanced MetaTrader 4 functionality and business with Expert Advisors and automated trading.
Of course, you can easily use all these platforms on your mobile or tablet.
ETX Capital demo
Of course, there is also the possibility of opening a demo account with any of these platforms.
Option always recommended before opening an account with an online broker, whether we have experience or not.
ETX Capital markets
ETX is one of the CFD brokers with the largest number of markets, more than 5,000 different assets . The range covers the main pairs of forex, raw materials, indices, bonds, and the vast majority of the world’s main stocks, with good conditions, especially in the English market.
|ETX Capital||Minimum / typical spread||Leverage||Minimum lot|
|EURUSD||0.7 / 1.4||200: 1||0.025 (2,500 pcs.)|
|GBPUSD||0.9 / 1.6||200: 1||0.025|
|USDJPY||0.9 / 1.2||200: 1||0.025|
|Gold||0.04||66 or 100: 1 (MT4)||1 ounce|
|SP500||0.5||100: 1||5 x index|
|Nasdaq||one||100: 1||5 x index|
|DAX||1.0 / 2.0||100: 1||0.5 x index|
|IBEX||4||100: 1||0.5 x index|
|Manzana||0.1% / 0.2%||20: 1||1 share|
|Barclays||0.08% / 0.2%||20: 1||1 share|
|Deutsche Bank||0.1% / 0.2%||20: 1||50 shares|
|Alibaba||0.1% / 0.2%||20: 1||10 shares|
The offer is especially extensive in the English and American markets, with thousands of shares to choose from.
The operations will have no commission , but it will be included in the spread.
In this sense, one of the lowest operating costs in the market, since its spreads in shares is 0.2% in most cases, which is very good.
The maximum leverage for traders residing in Europe by ESMA regulations:
|Main Forex pairs||30: 1 or 3.33% margin|
|Main indices, gold and minor Forex pairs||20: 1 or 5% margin|
|Lower indices, commodities and exotic Forex pairs||10: 1 or 10% margin|
|Actions||5: 1 or 20% margin|
|Cryptocurrencies||2: 1 or 50% margin|
ETX Capital Forex
As for the forex, we will have spreads of approximately one pip in the main pairs.
In this sense we are talking about one of the best Forex brokers on the market, as its spread costs are as low as or higher than those of the best brokers on the market, since adding commissions and spread few brokers reach 0.9 of pips in EURUSD and USDJPY.
ETX Capital review
ETX Capital is one of the brokers that have been treading stronger in the field of CFDs, forex, spread betting and binary options.
With a website and customer service in Spanish, it is one of the best options to open an account with a broker fully regulated by the British FCA that also offers one of the largest ranges of assets to operate in the market, especially stocks.
In this last point it is one of the main stock CFD brokers in the world, which also offers quite good trading conditions, with low costs and enough flexibility in operations, which is good even for small accounts.
In this sense, it must be taken into account that many shares have different minimum trading sizes.
For example, the minimum for Apple and Barclays will be one share, allowing any small account to trade smoothly and gain good knowledge of stock CFD trading.
In other cases, the minimum to be able to operate shares will be 50. This will mean that in those cases, it is only advisable to do it for large accounts. Such cases will be found in German stocks, such as Deutsche Bank.
In other cases there will be a minimum of 10 shares, such as Alibaba.
Another case that supports this argument is the minimum deposit, which for this broker does not exist, being able to open a small amount of money and thus be able to see what the broker is like inside; recommended option to check how it works.
It is generally a good broker with a good reputation and offers a fairly wide range of services, with the best security guarantees.
In this regard, remember the movement made this year with ex-clients of Alpari, making them return to be able to operate in a first-line broker, after only two months after the bankruptcy of the well-known London broker.
- Country : UK
- Regulation : FCA
- Minimum Deposit : 0
- Markets : CFDs, forex, binary options
- Platforms : ETX TraderPro, ETX MT4, ETX Binary
- No commissions
- Typical spread : 1 pip in forex, 0.2% in equity CFDs, 4 IBEX points, 0.5 SP500, 2 DAX