ETX Capital is a trading name of Monecor (London) Limited, authorized and regulated by the Financial Conduct Authority- a member of the London Stock Exchange. Established in 1965, it caters to over 50,000 diverse financial traders: ranging from the new traders entering the market to the oldest of players in this market. It is an online trading platform, promising ease of access as it offers trading not only through its website but easy to use phone apps too. In this ETX Capital review we shall discuss in details about ETX Capital UK and its trading platforms.
ETX Capital Spreads
Spread betting is a means by which traders speculate on a wide range of financial markets. Because they never own any of the assets under speculation, Spread betting is described as a derivate-based product which allows for trading on vast varieties of markets including forex, shares, indices, commodities and bonds.
A quick inside about Spread betting is that it is free from capita gain tax in UK. Unlike other forms of trading in the UK like buying shares of trading CFDs, any profits gained by spread betting are exempted from taxes. However, the concern lies in the fact that losses incurred due to spread betting cannot be used to offset an individual’s tax liabilities.
ETX Capital CFD trading
A contract for difference (CFD) enables traders to speculate the future value of a wide range of financial assets. What differentiates this from Spread betting is mainly the provision of tax on profits, but more importantly the ability to offset losses against tax liabilities. At ETX Capital you shall be able to get the tightest spread which is some of the lowest in the market.
ETX Capital Binary Options
The working of binary trade options is pretty simple: a trader speculates between two possible outcomes of an asset’s value. At the end of the trading period, if the value of the asset is close to the trader’s speculation, then he earns a fixed amount of return. However, if the value moves against the trader’s provided value then he sees a loss of 100%. The traders do have an option of exiting before the closing trade period- but with a much-reduced amount of profit or loss.
ETX Capital Binary Options give traders access to a wide variety of assets such as Stocks, Indices, Currency Pairs and Commodities including:
- High/Low Binary Trading
- One Touch Options
- Short and Long Term Binary Options
ETX Capital Trading Platforms
ETX Capital provides three trading platforms which can be used with a single central registration. These are namely ETX TraderPro, ETX Capital MT4 and ETX Binary.
ETX TraderPro is a multi-asset platform which comes with charts, indicators and lot of different tools helpful in trading. It allows you to open a trade directly with a click of mouse. ETX TraderPro comes with lowest variable spreads which allow you to get the tightest spread possible.
ETX MetaTrader4 (MT4)
With the help of ETX MetaTrader4 (MT4) you can use the Expert Advisers (EAs) which allow you to complete your trade automatically. You can always set your EAs to close or open a position with reference to your preferred signals.
ETX Binary Platform provides a wide range of expiry time starting from 30 seconds binary options. You can also trade with variety of assets like shares, currency pairs, commodities, indices and more.
Becoming a part of the ETX family
This requires formation of an official account on the ETX website. You have the option of starting with a demo account, which is convenient because you can actually see the workings of the trading platform in real-time before becoming an official member. The appearance of the website is extremely user-friendly, which shortcuts to the most frequently visited links on either side of the page. ETX gives you the option of customizing the page to suit your liking and ease of displaying the information that you require right in front of you.
What makes ETX stand out from the rest of its competitors is it’s no commission policy on Spread Betting and CFDs (forex).
The eager-to-help support team of ETX guides you through each and every step, available on call from 7am-9pm London time(Monday to Friday) and 24/7 on email. Any queries can be conveniently searched on the site’s FAQ page, which most likely will show you the answer to your questions. If not, the customer care team is right at your service.
ETX Capital demo account
ETX Capital provides demo account for all the trading platforms i.e. ETX TraderPro, ETX MetaTrader4 (MT4) and ETX Binary. So you can take the advantage of demo account to get acquainted with their trading platform prior to real trading.
ETX Capital minimum deposit
There is a minimum deposit of £100 to start trading with ETX Capital. They have different payment options like Wire transfer, online bank transfer and accept major debit and credit card. There is no fee charged by ETX Capital for deposit.
ETX Capital withdrawal fee
ETX Capital charges no processing fee for five withdrawals more than £100 in a calendar month. However for sixth withdrawals onwards they charge a processing fee of £10 to compensate the bank charges.
ETX Capital contact
Tel: +44 (0) 20 7392 1494
The ETX Capital is a sound trading institution that caters to the interests of its users just like any professional-grade trading platform should. Its highly efficient customer safety programs including risk management features such as guaranteed stop loss and limit orders, price alerts and trailing shops aid the traders throughout their trading journeys. Closing ETX Capital review, ETX appears to be a great choice for all your trading needs!