Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73,18% of retail investor accounts lose money when spread betting or trading CFDs with ETX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money.
Theodor is a Financial Writer for Invezz, reviewing, testing and scrutinizing financial products. He is a former financial analyst and investment partnership founder with over 10 years of direct investing experience and more than 8 years of published writing experience.... read more.
Updated on
Mar 19, 2024
Reading time 10 minutes
With a history going back over 50 years, ETX Capital was initially a mortgage bond specialist before moving into CFD trading in 2002. Find out if it’s the right broker for you.
ETX Capital is regulated in the UK by the Financial Conduct Authority (FCA), and allows users to trade CFDs in a wide range of assets. This review takes you through everything you need to know about this broker before deciding whether or not to sign up.
ETX Capital is no longer in operation. Use our guide to find the best CFD broker in 2025.
What can I do with ETX Capital?
ETX Capital is a boutique broker on which users can trade thousands of different CFDs. Its award-winning platform support trades in a variety of markets, including stocks, indices, and cryptocurrencies.
Additionally, ETX Capital provides additional services and support for high net-worth individuals and allows users to place trades either using its TraderPro software or MetaTrader 4 platforms. Keep reading this review if you want to discover more about all the features of this broker.
Pros & Cons
Pros:
Thousands of CFDs available to trade
Offers a boutique service to high-net-worth investors
Regulated in the UK
Provides a wide range of educational tools
Cons:
Limited international customer support
High spreads on some assets
Only a small number of cryptocurrencies available to trade
Can I open an account with ETX Capital?
Yes, residents of United States can open an account with ETX Capital.
No, residents of United States cannot open an account with ETX Capital.
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73,18% of retail investor accounts lose money when spread betting or trading CFDs with ETX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money.
ETX Capital markets, assets, and options
What assets and products can you trade on ETX Capital?
ETX Capital is a one-stop-shop for international traders who are looking for easy access to thousands of assets. The platform offers over 60 Forex pairs with small spreads starting at just 0.6 pips. As well as popular commodities (e.g. oil, gold, coffee), indices, and thousands of commission-free stocks.
Here’s a quick summary of the CFDs offered by ETX Capital.
ETX Capital allows leveraged trading on most of its assets, including stocks and cryptocurrencies. The table below gives the full details of the leverage available on the platform. Trading with leverage comes with hugely increased risk, and is only recommended for experienced investors.
When compared to other similar online trading platforms, ETX Capital offers attractive spreads, especially for its FX majors, cryptos, and most-traded stocks. For the AUD/USD major pair, the average spread is 1.21 pips, while the EUR/USD pair trades at around 0.81 pips.
Spreads for cryptocurrencies, commodities, and other stocks are variable and depend on the size of the order you place, as well as the popularity of the asset you are trading. For instance, gold and silver usually trade for an average spread of 0.2 pips. The following table gives a summary of ETX Capital’s spreads.
What are the deposit and withdrawal fees, limits, and speeds?
ETX Capital accepts online bank transfers in different currencies (including GBP, USD, EUR, CAD, AUD, JPY, DKK), major credit and debit cards, Skrill, and UnionPay. Deposits must be made from an account/card registered in your name as the platform does not accept any third-party payments.
Each customer is entitled to 5 free withdrawals per calendar month for transactions over £100. Those who withdraw money more than 5 times a month will be charged a processing fee of £10 per transaction.
Payment method
Deposit
Withdraw
Bank transfer – min/max – fees – speed
Yes £100/None Free Within 2 hours
Yes £100/None £10 fee for under £100 24 hours or up to 7 business days
ETX Capital does not charge any trading fees, as fixed fees are built into the spreads. This means that the platform makes its money through the difference between the prices at which it will buy and sell assets. Here is a complete breakdown of the fees and commissions on ETX Capital by market type:
Trade sizes and limits vary depending on the asset you wish to trade. For instance, major FX pairs start at 0.1 lot, with an average spread of 1.21 pips. Here’s a breakdown of the trade sizes and limits.
You can access ETX Capital’s trading platforms via either desktop, laptop or mobile.
Desktop
Web browser
Tablet
iOS Mobile Device
Android Mobile Device
Can I use ETX Capital in my country?
ETX Capital is open for business around the world with a few exceptions. For example, current residents of the United States, Canada, Singapore, and Switzerland cannot open a live trading account with ETX Capital.
Is ETX Capital available in my language?
ETX Capital is available in seven languages and five dialects: English (International, South Africa, Ireland, UK, and Cyprus), German, Czech, Italian, Spanish, Danish, and Slovakian.
How easy is it to use ETX Capital?
On first impression, ETX Capital’s website has a clean, intuitive interface and is relatively easy to navigate. ETX’s TraderPro platform can take a bit of getting used to, but the mobile apps are simple to understand and generally hassle-free.
Overall, ETX Capital can be accessed by first-time traders with relative ease, while more experienced traders will appreciate its high net-worth service desk. The latter of which includes fast and efficient global equity order execution and ultra-competitive margin rates.
Key features
ETX Capital strives to provide a tailor-made service. These are our three favourite features of the broker.
Dynamic Risk Management
ETX’s TraderPro provides easy-to-use trade tickets that make it simple to set both stops and limits, enabling you to calculate your risk prior to every trade execution.
ETX MetaTrader 4 Remastered
ETX has created a brand new app for the MetaTrader 4 platform, designed with the serious trader in mind. It is essentially a mini trading terminal with powerful tools, including watch-lists for your favourite ticker symbols, custom order templates, and more.
High Net Worth Service Desk
This encompasses its personalised and tailor-made service, which includes Direct 24-hour access to the trading desk, multi-asset trading via phone, chat or emails, and provision of market information.
Security and regulation
Is ETX Capital safe?
ETX Capital has robust safety measures in place. The broker strictly abides by the European standard GDPR rules and won’t disclose personal information about you or your account to any unauthorised third party, and the website has encryption to keep your data secure.
Am I and my funds protected?
In the unlikely event of ETX becoming insolvent, segregated client funds cannot be used for reimbursement to ETX Capital’s creditors. If the company goes into liquidation, most clients are eligible for compensation under the UK’s Financial Services Compensation Scheme (FSCS) for up to £85,000.
Is ETX Capital regulated?
Yes. Monecor (London) Ltd. which is the parent company of ETX Capital, is a member firm of the London Stock Exchange (LSE). It is also authorised and regulated by the UK Financial Conduct Authority (FCA) under Financial Services registrar number 124721 and the South African Financial Sector Conduct Authority (FSCA) under license number 50246.
Do I have to verify my account with ETX Capital?
Yes, in order to open a live account with ETX Capital you will need to provide personal information such as your real name, billing address, and country of residence in order to comply with Know Your Customer (KYC) protocols and European anti-money laundering legislation.
Extra information
Educational resources
ETX Capital provides a comprehensive “Education” section on the main website, where you can find eBooks, informative articles on various trading concepts, webinars, platform guides, and the ETX Trading Academy. This part of the website is delivered by Corellian, a partner of ETX Capital.
Tools and charting
ETX Capital allows you to choose between two trading platforms – TraderPro and MetaTrader 4. TraderPro offers advanced tools, including multiple chart types, split charting tools, technical indicators, and even drawing tools to make the most of your trades. You can also select from 8 layouts, such as Heikin Ashi or Classic Candlestick.
Whereas the MT4 platform emphasises speed and trade execution (on average 94% of ETX trades on MT4 are executed in 30 milliseconds or less) over advanced features.
Customer support
Unfortunately, ETX Capital doesn’t provide live customer support so whatever inquiries you might have, you need to address them via either Facebook Messenger or email. ETX customer support can also be contacted directly via telephone or by opening up a ticket for live chat on their website.
Our verdict
With ETX Capital you benefit from personalised service from a boutique broker, expert support, and award-winning technology. In addition to such features, you can access over 5,000 assets, including FX, cryptocurrencies, stocks, indices, and commodities via two high-performance trading platforms in TraderPro and MetaTrader 4.
Unlike many stock brokers today, ETX has a long history of serving traders. It was originally founded all the way back in 1965 and has built up its offering to include competitive margin rates, a global equity order execution service, and some of the most efficient trade execution around.
Overall, ETX offers an abundance of features that equate to a good trading experience. From decent spreads and fast trade execution to educational material and market analysis. If you’re looking to trade CFDs, then this is one of the best platforms around.
ETX Capital is a registered trademark of Monecor (London) Ltd. The latter is a member firm of the London Stock Exchange and authorised and regulated by the UK Financial Conduct Authority (FCA).
02
How does ETX Capital make money?
ETX Capital makes money by charging variable spreads on every trade executed through its trading platforms.
03
Do I have to pay tax on ETX Capital profits?
Depending on your country of residence and the profit you make per year from successful trades, you might be asked to pay taxes in your home country. We suggest becoming familiar with your country’s tax legislation before engaging in any online trading.
04
Does ETX Capital offer CFD trading?
Yes, you can currently trade in various markets using CFDs and take a position in all major asset classes, including shares, commodities, crypto, indices, and FX.
05
How do I sell on ETX Capital?
Simply go to the market watch section on the web platform, mobile app or MetaTrader 4 desktop platform and click on sell at Market.
06
How do I delete my ETX Capital account?
To delete your ETX Capital account simply send a message to the customer support team via email or Facebook messenger and a member of the support team will guide you through the steps of closing out your account.
07
How can I short on ETX Capital?
Shorting is a trading technique that involves selling an asset you expect to fall in value, and then buying it back at the lower price. You can do this on ETX Capital simply by manually selling and buying shares – but remember the take into account the spread between the bid and ask price and factor in any impact this could have on your trades.
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Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >
Theodor is a Financial Writer for Invezz, reviewing, testing and scrutinizing financial products. He is a former financial analyst and investment partnership founder with over 10 years of direct investing experience and more than 8 years of published writing experience....