ETX Capital is a reputable brokerage firm based in the City of London, in the heart of the financial district. Established in 1965 as Monecor Ltd, and commenced in its current form in 2007.
ETX provides institutional, high net worth and retail customers with multi-asset market derivatives, trading through financial spread-betting, CFD, Binary Options and MT4 products.
Authorised & regulated by the British Financial Conduct Authority, ETX prides on having high quality customer service and its wide range of markets available.
ETX offers customers tight competitive spreads in a secure trading environment in normal market conditions. Through online trading for Forex, Indices, Equities and Commodities, with up to 6,000 global markets to pick from via three powerful platforms ETX TraderPro, ETX Binary and ETX MT4.
Generous Bonus Offers
At this moment in time ETX has a striking welcome bonus to new clients. Register for a new ETX account today to get £20 free trading bonus. Also, on your first deposit you can receive up to 40% bonus, up to £/$/€ 5,000 (T&C’s apply).
Country: United Kingdom
Decided I had to prove address and ID to conform to money laundering regs, didn't email me, then froze my account. It took me a great deal of time and hassle for them to finally sort themselves out and get it right, (I live in Asia) but in the meantime, I'd had an open trade that was profitable turn into a loss because they wouldn't allow me to close/adjust the trade!! Very annoying. I could go on, but their service and trade platform is all very poor.
I'll stick with Oanda
Very large spreads to catch the unwary
Massively uncompetiitive compared to other platforms. Steer clear IMO.
A decent platform to start off on
Pros just about way up the cons
The major issue I have is the charts. There are large data gaps on day and weekly charts and you are unable to save your charts in a workspace which is realy annoying.
They recently split nymex into 2 markets; Daily and Intraday. They did this withought warning and they removed nymex from my watchlist. I had to figure out what they had done as no info was sent out. This was very poor service.
The spreads on nymex are prety good and the spread band is a nice touch.
You can open an account with no deposit.
Min stake is 50p.
No charge for deposits or withdrawals.
It is also easy to navigate.
Glossy on the outside... poor after a while
Recently Stops have not been triggered.
Ts and Cs say stops are not guaranteed which is fine if the market was particularly volatile.
However, when stops fail to be filled in what most would consider normal market conditions there is a problem.
Also, every email generated when placing a trade confirms that a trade has been accepted and executed.
Except it has not and they will adjust for any mistakes that they have make on pricing despite confirming orders have been filled and executed at stated pricing levels.
In short you cannot reasonably guarantee where you are with them.
The trading platform is reasonable but lacks much sophistication. Pivot Points for instance seemed to be calculated from 12 midnight not market opening which is terrible for resistance and support plays and not indicated anywhere.
I feel that I have wasted a lot of money by not looking around and trying other suppliers. My advice is avoid.
Good luck with your trading.
Better SB Firm than the majority
Quality platform, never personally had any issues with execution very limited slippage.
VGood customer service.
- Crap charts and wider spreads on some FX
In my opinion the positives far outweigh then negatives compared to others and am still using them
poor service & spreads
High spreads, terrible service and opaque pricing Look elsewhere.
Absolute money waste and too high spreads
1. Their spreads are too wide.
2. Their orders dont kick in at our entry points and we have to call them and by that time we lose money.
3. Stop loss is not guaranteed.
4. Their orders wont get cancelled when we click cancel.
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