ETX no longer offers binary options.
They still offer Forex and CFD trading.
| Broker | ETX Capital |
| HQ | London, UK |
| Type of support | Email, Phone, Web Form |
| Language | Arabic, Chinese, Czech, Dutch, French, Korean, Hungarian, Italian, Polish, Portuguese, Romanian, Russian, Spanish and Turkish |
| Trading platform | Ownership |
| Minimum First Deposit | £/$/€200 |
| Minimum Account Size | £/$/€200 |
| Minimum Transaction Amount | Minimum bet size 50p (subject to margin requirements) |
| Bonus | Match deposit amount from 20% to 50% based on deposit amount. Bonuses up to £5,000 |
| Control | UK Financial Conduct Authority |
| Deposit method | Major credit cards and wire transfer |
| How to Trade | Spot Forex, CFDS, Classic Binary Options, 60 Second Options, Long Term Options, Pair Options and Spread Betting |
| Number of assets | n/a |
| Asset Type | Currencies, Commodities, Indices, Stocks |
| Tablet Trading | ✔ |
| Mobile Transactions | ✔ |
| Overall score | 92/100 |
ETX Capital, formerly known as TradIndex, is a leading-edge online trading services provider owned and managed by Monecor Ltd. Based in London, UK, ETX Capital is regulated by the Financial Conduct Authority (FCA) under registration number 124721. Operating since 2002 ETX Capital is no newcomer to the online trading industry. In fact, its parent company, Monecor Ltd, has been around since 1965. With a single trading account, traders at ETX Capital can trade with 4 different types of trading platforms with access to over 6000 different instruments. ETX Capital may not offer traders the benefits of social trading, but it still has a lot to offer.
Trading platform and features
Unlike most other brokers, ETX Capital’s main advantage is that traders can access 4 different types of trading platforms with just one trading account. Traders on this platform can trade binaries with the ETXBinary platform, spread their bets with ETX traders, and find forex with TraderPro, all with just a single trading account. For more sophisticated traders, ETX Capital also offers the benefits of the popular MetaTrader4 platform. The MT4 platform allows traders to customize their trading activities with EAs (experts), allowing them to spend more time analyzing the market.
Moreover, all platforms mentioned above are also mobile compatible. ETX Capital makes it easy for traders to access their trading accounts from anywhere in the world with a smartphone or mobile device by simply downloading the free trading app from Goole Play or the Apple Store.
Market Coverage
ETX Capital’s traders have access to over 6000 different types of financial assets through its trading platform. For Forex, due to ESMA restrictions, available leverage is now only 1:30.
Trading Account
ETX Capital offers traders only one standard type of trading account. Opening a live trading account is a simple process and can be done with a few mouse clicks. To make things easier, ETX Capital only requires a minimum deposit of £/$/€200 depending on the currency you choose for your trading account. Demo accounts are also available if traders wish to test the trading platform first before committing real money.
Customer Support
ETX Capital’s standard of customer support is recommended. Support is not available 24/7, but is available in several major languages: Arabic, Chinese, Czech, Dutch, French, Korean, Hungarian, Italian, Polish, Portuguese, Romanian, Russian, Spanish and Turkish. The only downside to the support service is the lack of live chat. All support requests must be directed via email or toll-free UIFN (Universal International Freephone Number).
Spreads, Payouts and Bonuses
When it comes to spreads to pay, traders can choose between fixed spreads (ETXTrader) and variable spreads (ETXCapital & ETX MT4). The lowest spreads start from 0.7 pips on the popular EUR/USD pair. Bonuses go up to 60%. However, to qualify for the bonus, traders must deposit a minimum deposit of £/$/€1000.
Conclusion
Even though this broker may not be the biggest one, it still has a lot to offer traders in terms of quality service. Aside from being able to trade with multiple trading platforms, traders at ETX Capital enjoy extremely tight spreads as well as dedicated customer support.
