ETX Capital Review 2024
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ETX Capital is #91 in our rankings of CFD brokers. |
Top 3 alternatives to ETX Capital |
ETX Capital Facts & Figures |
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ETX Capital were a London-based, FCA regulated broker offering tight spreads across a wide range of markets. |
Instruments | CFDs, Forex, Stocks, Cryptos |
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Demo Account | Yes |
Min. Deposit | £250 |
Mobile Apps | iOS and Android |
Payments | |
Min. Trade | £1 |
Regulated By | FCA |
MetaTrader 4 | Yes |
MetaTrader 5 | No |
cTrader | No |
DMA Account | No |
ECN Account | No |
Social Trading | No |
Copy Trading | No |
Islamic Account | No |
Leverage | 1:30 |
FTSE Spread | 1 pt |
GBPUSD Spread | 0.9 |
Oil Spread | 0.06 pips |
Stocks Spread | From 0.5% |
GBPUSD Spread | 0.9 |
EURUSD Spread | 0.6 |
GBPEUR Spread | 0.9 |
Assets | 65+ |
Stocks | ETX Capital offer stock trading on over 5000+ assets from 20 countries. Spreads are as tight as 0.2% and the firm are FCA regulated |
Cryptocurrency | Trade 5 cryptocurrencies, and BTC against USD, GBP or EUR. Margin is tiered from 50% |
Coins |
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Spreads | BTC Market Spread + 10, ETH Market spread + 8 |
Crypto Lending | No |
Crypto Mining | No |
Crypto Staking | No |
Auto Market Maker | No |
Spreadbetting | ETX Capital offer 5000+ markets with ultra tight spreads for tax free spread betting. The TraderPro platform is delivered on mobile too, and includes price alerts. |
ETX Capital are a London based broker. They provide traders multiple ways to trade. Primarily a spread betting, Forex and CFD (Contracts for Difference) specialist. Read our full review here.
They provide an excellent trading platform. As a UK based CFD broker, they are fully regulated by the Financial Conduct Authority (FCA) Number 124721. At present, the firm offer trading with some of the tightest spreads on the market.
ETX described in their own words; “We believe that ETX Capital offers traders a wide variety of benefits that many of our competitors may find hard to match.”
In our opinion however, traders, particularly in the UK, are better served with alternative brokers who can offer a more reliable service, more features and a broader range of markets.
Trading Platform
ETX Capital operate several specific platforms, each with it’s own login. There is a binary platform, the TraderPro platform, and the MT4 (MetaTrader4) integration. The first thing of note is that it is closed entirely while global markets are closed – there are no virtual markets to entice clients to over trade. Forex trading remains open with the markets of course. Trading availability reflects the trading hours of the asset
The left hand side of the trading platform is the asset and options list. ETX provide the usual mix of assets – Forex, Indices, Commodities and Stock. The lists are extensive, with all major FX pairs covered, such as EURUSD and GBPUSD etc. Popular assets such as gold and oil can be added to favourites lists for ease.
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PU Prime offers CFD trading on hundreds of shares, as well as indices, commodities, bonds and cryptocurrencies. The leverage available varies by asset, and spreads also vary greatly between instruments and account types with the tightest near zero and the widest in the hundreds of pips. Stock, index, commodity and bond CFDs are traded on the leading MT4 platform.
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Global Prime offers CFD trading opportunities on 150+ global markets including forex, indices, commodities, cryptocurrencies and bonds. Spreads are tight with a raw ECN account available starting from zero.
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ActivTrades specializes in CFD trading, offering over 1000 instruments spanning currencies, shares, indices, commodities, and more. The broker has picked up industry awards for its CFD trading environment, delivering fast and reliable order execution with transparent margin requirements for traders.
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Swissquote offers spot, forward and synthetic contracts on a breadth of markets, including stocks, indices, bonds and commodities. The pricing model is transparent with no hidden fees. Clients can diversify portfolios and hedge risk with low margin requirements.
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SimpleFX stands out with highly leveraged trading options up to 1:1000 covering popular asset classes, including stocks, indices, currencies and commodities. Additionally, the social community serves as an excellent resource for gathering CFD strategy tips and short-term trading ideas.
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EZ Invest offers leveraged CFDs on popular asset classes, including forex, stocks, indices and commodities. Execution speeds are decent but a large deposit is needed for the best pricing conditions.
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Fortrade's list of leveraged CFDs covers a wide range of asset classes including forex, stocks, bonds, indices, commodities and cryptocurrencies. Traders can access leverage up to 1:30 and will trade with zero commission, fast execution and low latency on MetaTrader 4 or the bespoke platform.
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FP Markets offers CFD trading on a first-rate selection of financial markets, spanning stocks, major global indices, commodities, metals, cryptocurrencies, and bonds. With tight spreads, fast execution speeds, leverage up to 1:500 and top-tier liquidity, short-term traders get an efficient and seamless trading experience.
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HYCM traders can access CFDs on a range of stocks, indices, commodities and ETFs with floating spreads and maximum leverage varying by instrument. Clients also have a choice between two industry-leading platforms.
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FXOpen has a compelling CFD offering, complete with 700+ underlying assets, from shares and indices to currencies, commodities, cryptos, and an expanded range of ETFs. With access to top-tier tools, especially since adding TradingView in 2022 and improving its TickTrader platform, FXOpen provides a complete CFD trading experience.
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Trade CFDs on forex, stocks, commodities and indices with tight spreads and leverage limited to the FCA-sanctioned maximum of 1:30. Infinox traders benefit from lightning-fast execution speeds and a choice between STP and ECN pricing, making this a flexible option for beginner and serious traders.
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Traders have the opportunity to engage in CFD trading across a broad spectrum of assets, including currency pairs, stocks, commodities, bullion (gold and silver), indices, and cryptocurrencies. Experienced traders can access high leverage up to 1:1000 in certain jurisdictions. However, a notable downside is the restriction of scalping strategies which may deter experienced traders.
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Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
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SuperForex offers CFDs on a good range of assets, though it only really shines when it comes to forex, thanks to its very diverse list. On the other hand, the significant leverage available on most assets increases profit potential, though traders will need to watch out for spreads, which compare poorly to some competitors.
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Trade CFDs on 100+ instruments from popular asset classes. Leverage up to 1:200 is available on precious metals, while stocks, indices and energies can access 1:20 max leverage and 1:10 for commodities. On the negative side, the depth of assets is limited vs other CFD brokers.
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Trade CFDs on forex, stocks, indices, commodities, ETFs, bonds and cryptocurrencies with variable leverage up to 1:30. The broker provides great value to traders with six free trades per day on US, UK and European stocks, tight spreads on forex and low commissions on ETFs.
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With CFDs on 20+ Polish and 30+ US stocks, as well as energies and seven global stock indices covering US, UK, European, Australian and Japanese markets, Just2Trade offers a superb selection of global assets.
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You can take positions on a range of popular trading markets including forex, stocks, energies and metals. Leverage is high at 1:500 and live spreads can be viewed in the web-accessible platform and app.
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World Forex's leveraged CFDs are available on a modest suite of 100+ instruments, including stocks, commodities and forex. Very high leverage up to 1:1000 is available for account balances up to $1000, with lower levels available to accounts with higher balances.
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Trade CFDs on forex, stocks, metals, energies, cryptos and indices with high leverage up to 1:1000 on major currency pairs, 1:200 on metals, 1:100 on indices, 1:33 on stocks and energies, and 1:5 on cryptocurrencies. The range of 200+ instruments is not the biggest on the market, but the variety of asset classes provides flexible trading options for most traders.
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Access a modest range of CFD instruments across key markets, including indices and commodities. Clients can trade directly from charts with high leverage up to 1:500 and customisable time intervals.
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Trade commission-free CFDs on 3000+ instruments from forex, stock and commodities markets with volumes starting from 0.1 lots, a low minimum deposit of $10 and tight floating spreads. The selection of CFDs beats most competitors.
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Trade CFDs on forex, commodities, indices and crypto assets. With spreads from 0 pips and generous incentives and bonus offers setting Vault Markets apart from competitors, this Namibian broker will appeal to aspiring traders.
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Trade CFDs on forex, stocks, indices, energies and metals with fast execution and variable leverage. Spreads are tight and commission-free trading is available on some assets.
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FXTM’s CFD offering spans 600+ forex, stocks, commodities and indices, plus crypto (location dependent), with spreads lowered in recent years. Advanced traders can also get industry-topping leverage up to 1:3000 through Exinity Ltd, amplifying results but necessitating strict risk management.
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Trade CFDs on an array of assets with ultra-low spreads
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Engage in leveraged CFD trading across a wide array of instruments, encompassing forex, stocks, commodities, and indices. Yet while the selection of asset classes is satisfactory, the charting software and floating spreads for short-term traders fall behind that of competitors.
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Trade leveraged CFDs in a range of financial markets.
On certain binary option types (‘Long term’ for example), the asset lists will shorten as not all markets are available across all option types.
On each platform, once the option and asset have been selected, the price graph will update on the right of the screen. From here, the specifics of each trade can be set. So on binary, the expiry can be adjusted, with incremental expiries available, plus ‘end-of-day’ expiry times. Trade size is above the price chart. Where possible, the platform is the same whether trading via MT4, forex on Trader Pro, or binaries.
The Call and Put buttons are clear, with the strike price illustrated between the buttons. Once highlighted, trader simply click on ‘Invest’ to confirm the trade. Once open, a trade will appear in the ‘Open Positions’ screen below the trading platform. The price graph will also show the current status of the trade, with a colour sensitive profit or loss figure.
In the Open positions window, traders can close certain trades. Binaries offer a ‘Sell’ price, where CFD trades can be closed at any time. The open trades window does show immediately the cost of each trade – though spreads at ETX a very competitive.
Fees for overnight charges or rollover costs are low relative to rival firms. Full lists can be found on the ETX website.
Demo Accounts
ETX Capital have demo accounts for the binary options, cfd and Forex platforms. The TraderPro and MT4 platforms each have a separate demo account login as each has subtle differences. These accounts allow traders to check the platform, make sure it suits them and check that all the assets they need are available. It is also a vital educational tool for beginners. The demo accounts are free and do not need a deposit.
Trader choice
CFD
ETX offer a full range of assets to trade via contracts for difference. These include stock and commodity assets, including bitcoin. Levels of gearing or leverage can be selected, ensuring traders can manage their own risk. Stop losses and stop limits can also be used across a range of trades to further control risk and ensure that margin call never comes.
Binary Options
As well as more traditional options, ETX Capital also offer the ‘Spread High/Low’ which at present, is unique to them;
- High/Low – The traditional binary – will the asset price be higher or lower than the current strike price at expiry?
- Short Term – The same concept as High/Low but these options have very short expiry times. At ETX, they are generally 60 second or 2 minute expiries.
- One Touch – ETX provide both high and low ‘touch’ prices. These finish ‘in the money’ immediately if the price level is reached or surpassed. The is no ‘No touch’ option however. Volatility therefore plays a key role.
- Spread High/Low – Unique to ETX Capital, these options have strike prices slightly above, or below the actual current price level. Beyond that, they behave just as a standard High/Low option. The difference is that the payout on the spread option is 100% – ETX can do this because their “spread” is covered by moving the strike price. It is a nice innovation, which some traders will enjoy.
- Long Term – Again, the trades behave as a standard High/Low, but these have longer expiry times. At ETX, these are generally the end of the month (the end of the last trading session of the calendar month).
The range of assets is excellent and the option types are good – some additional expiry times within the long term range, and perhaps adding Ladder or boundary options, would mean ETX compete with the very best for trading choice.
Forex
The ETX capital forex platform is offered with it’s own demo account. It follows the same look and feel as elsewhere on the site. Spot FX trading is possible across the full range of major and minor pairs, from the ever popular EURUSD, to things like the Swiss franc (CHF) or Japanese Yen.
The spread on leading pairs is as good as anything in the industry, and this has seen many traders swap their old broker for ETX.
ETX Capital Mobile App
The mobile app has been separated from the CFD trading app, to focus purely on binaries. Available for Android (v3.0.0 and up) and iOS (iPhone and iPad app), the application delivers the same look and feel as the website, and all of the functionality. All assets and trade types are on offer from the mobile platform, as are trade history and account management features.
The binary mobile app is available free to all ETX customers, as are the CFD and forex apps. The download is quick and simple, and traders can login and trade quickly.
Payout
Payouts at ETX can reach 100%. This is due to the ‘Spread High/Low’ option, where the profit margin of the broker is built into the strike price “spread”. They can therefore afford to pay 100% on in the money trades. Elsewhere, payout are generally 75% or 80% – where assets are more popular, the payouts tend to be higher. The levels are certainly very competitive. Payouts will always vary based on the asset and expiry time, but ETX certainly tend to be at the higher level in comparison with rivals, and the ‘Spread High/Low’ trades give them an eye-catching headline payout.
ETX Spreads
Withdrawal and Deposit Options
As a broker that is regulated by the FCA, ETX Capital have strict controls on deposit and withdrawal methods, and this in turn, ensures greater protection for the trader when they add funds.
There is a £100 minimum deposit requirement at ETX, though you must have sufficient funds in your account to open trades. The amount required will depend on the asset, and expiry.
Deposits can be made via debit or credit card but these must be in the name of the individual (not a commercial card for example). Wire bank transfers are accepted, again they must be in the same name as the individual on the trading account. Deposits can be made via exactly the same options over the mobile apps. ETX accept deposits in a broad range of currencies, including GBP, USD, EUR, ZAR, SGD, SEK, RON, PLN, NOK, JPY, HRK, HKD, DKK, CZK, CHF, CAD, AUD.
Other payment methods include popular e-wallets such as Neteller, Skrill and Paypal.
Withdrawals are a positive at ETX. There is no minimum withdrawal. Bank transfers should be process in 2 or 3 days – withdrawals to a debit or credit card will take a day longer. There no fees for withdrawals – unless traders make of 5 requests in a single calendar month. Any withdrawals over 5 within a month will incur a £10 charge.
There is also a £15 charge per month for ‘dormant’ accounts. An account is deemed dormant if there are funds in it, but no trades have been placed over 120 days. The dormant account charge is explained in full in the ETX trading terms and conditions.
Other Features
ETX offer a broad range of additional benefits and Services:
- MT4 Platform – A great platform for advanced traders and technical analysis investors. Seamless integration on this popular platform.
- Huge Range Of Markets
- Tight Spreads – ETX offer some very competitive spreads compared to rival CFD and Forex brokers.
- Training Materials – Including webinars, which are very popular among users, and very helpful.
- Excellent Reputation – ETX generate very few complaints, and enjoy high satisfaction ratings from their user base.
- ETX Capital TV – Trading news, video commentary and features on the ETX entertainment channel.
- International – ETX are a growing brand globally, seeing rapid expansion in South Africa, Australia, Spain, Germany, India and Indonesia
Top 3 ETX Capital Alternatives
These brokers are the most similar to ETX Capital:
- Pepperstone - Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for traders at all levels.
- XTB - Founded in 2002 in Poland, XTB now serves more than 1 million clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of 6400+ assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring traders.
- CMC Markets - Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage.
ETX Capital Feature Comparison
ETX Capital | Pepperstone | XTB | CMC Markets | |
---|---|---|---|---|
Rating | 3.3 | 4.8 | 4.8 | 4.7 |
Markets | CFDs, Forex, Stocks, Cryptos | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting | CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting |
Minimum Deposit | £250 | $0 | $0 | $0 |
Minimum Trade | £1 | 0.01 Lots | 0.01 Lots | 0.01 Lots |
Demo Account | Yes | Yes | Yes | Yes |
Regulators | FCA | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB | FCA, CySEC, KNF, DFSA, FSC | FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA |
Bonus | - | - | - | - |
Education | No | Yes | Yes | Yes |
Platforms | MT4 | MT4, MT5, cTrader | - | MT4 |
Leverage | 1:30 | 1:30 (Retail), 1:500 (Pro) | 1:30 | 1:30 (Retail), 1:500 (Pro) |
Visit | 75.1% of retail investor accounts lose money when trading CFDs |
69% of retail CFD accounts lose money. |
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Review | ETX Capital Review |
Pepperstone Review |
XTB Review |
CMC Markets Review |
Trading Instruments Comparison
ETX Capital | Pepperstone | XTB | CMC Markets | |
---|---|---|---|---|
CFD | Yes | Yes | Yes | Yes |
Forex | Yes | Yes | Yes | Yes |
Stocks | Yes | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes | No |
Commodities | No | Yes | Yes | Yes |
Oil | No | Yes | Yes | Yes |
Gold | No | Yes | Yes | Yes |
Copper | No | Yes | Yes | Yes |
Silver | No | Yes | Yes | Yes |
Corn | No | Yes | Yes | No |
Futures | No | No | No | No |
Options | No | No | No | Yes |
ETFs | No | Yes | Yes | Yes |
Bonds | No | No | No | Yes |
Warrants | No | No | No | No |
Spreadbetting | Yes | Yes | No | Yes |
Volatility Index | No | Yes | Yes | Yes |
ETX Capital vs Other Brokers
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