79.6% of retail investor accounts lose money when trading CFDs with ETX
Established in London in 1965, ETX Capital specialised in mortgage bonds before expanding their portfolio into stocks and derivatives. In 2002 it launched a retail derivatives arm called TradeIndex that was later rebranded as ETX Capital, an acronym for the services it offers of Electronic trading, Telephone trading and eXecution. In recent years it has also expanded beyond the Capital operating in Europe, Asia and Russia.
Today ETX Capital offers traders access to more than 5,000 global markets on its TraderPro trading platform. They also offer traders multi-lingual London based support and personal account management.
TraderPro is available on smartphone or desktop, with 5,000 monthly clients making use of trading opportunity across forex, indices, cryptos, shares and commodities.
ETX Capital is a fully authorised spread betting and CFD provider regulated by the Financial Conduct Authority (FCA).
To open a live account, you’ll need a minimum deposit of at least $100. Alternatively, ETX Capital offers a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 124721). ETX Capital puts all client funds in a segregated bank account and uses tier-1 banks for this. ETX Capital has been established since 2002, and have a head office in UK.
Before we dive into some of the more detailed aspects of ETX Capital’s spreads, fees, platforms and trading features, you may want to open ETX Capital’s website in a new tab by clicking the button below in order to see the latest information directly from ETX Capital.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
Like most brokers, ETX Capital takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The commisions and spreads displayed below are based on the minimum spreads listed on ETX Capital’s website. The colour bars show how competitive ETX Capital's spreads are in comparison to other popular brokers featured on BrokerNotes.
Spreads are dynamic and are for informational purposes only.
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.
See all SpreadsIf you were to buy one standard lot of EUR/USD (100k units) with ETX Capital at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $20.1. Here’s a rough breakdown of the fees and how this compares against XTB & AvaTrade .
| ETX Capital | XTB | AvaTrade | |
|---|---|---|---|
| Spread from: | $ 6.00 | $ 2.00 | $ 7.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $ 6.00 | $ 2.00 | $ 7.00 |
| $4 less | $1 more | ||
| Visit ETX Capital | Visit XTB | Visit AvaTrade |
All fees/prices are for informational purposes and are subject to change.
ETX Capital offers over 5,137 different instruments to trade, including over 60 currency pairs. We’ve summarised all of the different types of instruments offered by ETX Capital below, along with the instruments offered by XTB and AvaTrade for comparison.
| FX / Currencies | ETX Capital | XTB | AvaTrade |
|---|---|---|---|
| # of forex pairs offered | 60 | 48 | 59 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies | Yes | Yes | Yes |
| Commodity CFDs | ETX Capital | XTB | AvaTrade |
|---|---|---|---|
| # of commodities offered | 16 | 21 | 16 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes |
| Index & Stock CFDs | ETX Capital | XTB | AvaTrade |
|---|---|---|---|
| # of stocks offered | 5000 | 1606 | 99 |
| UK shares | Yes | Yes | Yes |
| US shares | Yes | Yes | Yes |
| German shares | Yes | Yes | Yes |
| Japanese shares | No | Yes | Yes |
| See ETX Capital's Instruments | See XTB's Instruments | See AvaTrade's Instruments |
ETX Capital offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. ETX Capital also offer their custom TraderPro platform. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.
ETX Capital also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
See ETX Capital's platforms
ETX Capital allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.
As a market maker, ETX Capital may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
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.
Finally, we’ve listed some of the popular funding methods that ETX Capital offers its traders below.
ETX Capital support a wide range of languages including English, French, Spanish, German, Polish, Czech, Greek and Mandarin.
ETX Capital has a BrokerNotes double AA support rating because ETX Capital offer over three languages email and phone support.
As ETX Capital is regulated by Financial Conduct Authority , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore ETX Capital’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with ETX Capital you can visit their website here.
If you’re wondering how ETX Capital works or just want to see inside their platform, we’ve recorded this short 4-minute video walking through the process of creating an account on ETX Capital.
ETX Capital offers three different platforms for traders, and MetaTrader 4 is one of them. MT4 is one of the leading online trading platforms and is a popular choice of forex traders. With the ETX Capital MT4 platform, you can trade a wide variety financial markets including indices, commodities, equities, currency markets and cryptocurrencies.
The MT4 platform offers the following benefits:
For traders who prefer automated trading, this is the platform for it. ETX Capital has an AutoTrader platform that facilitates the use of automated Expert Advisors (EAs). 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. With MT4 automated trades, ETX Capital is responsible for the hosting while the traders provide the Expert Advisors.
On The MT4 trading platform, ETX Capital has made sure that traders can take advantage of the all the opportunities available. The one-click trading feature is what makes this possible.
Another trading advantage that the ETX Capital MT4 platform offers is the ability to support multiple charts. Information is very crucial when trading and that is what charts provide. With multiple ones, traders get real-time data that they can use for decision making. The environment in different markets keeps changing, and it is essential to monitor them when trading. Real-time data shows all the fluctuations that may be taking place.
The ETX Capital MT4 platform has a watchlist feature. As the name suggests, this lists enables a trader to keep an eye on specific markets. With the drop and drag function on the platform, traders can add particular markets to the list.
Trading on the MT4 platform offers traders favourable leverage rates of up to 200:1. Such margins increase the potential returns that a trader can get. Traders can also use micro lots, meaning that it is possible to trade smaller.
ETX Capital has a mobile app for the MT4 platform. Even with automated trading, traders still appreciate mobile apps. Traders can download the app on Android devices and iPhones and iPads from Google Play Store and iTunes. Mobile apps are available in multiple languages.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.etxcapital.com on 01/06/2020.
