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
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.
Just about worth it...
They sport competetive spreads across a wide range of markets with very tempting low margins.nThe spreads on some instruments, such as specific Forex pairs like EUR/USD (currently 2 as of writing) and GBP/USD (currently 3 as of writing), are second best in the world of spread betting, but other pairs, such as EURGBP are in the top for lowest spreads (1 as of writing). It's really a trade off depending on what pairs you trade, however none of the costs are too unbearable and any negativity is outweighted by the sheer range of tradeable instruments, from Options and Bonds / Interest Rates, to Equities. You really do have access to the world markets with ETX's platform.
That being said however, I have experienced some negative issues where orders have not been filled and have simply disappeared, however this has only happened to me twice and hasn't happened since, and it's been a while now. The other negative regarding the platform is sometimes working orders take quite some time to show in the 'Open Positions' section, sometimes leading to confuse as to whether or not you have actually been filled in the heat of the moment.
In all, if you not trading very short term that requires lightening speed execution (which should be left to DMA brokers anyway!) and are willing to put up with very infrequent platform malfunctions, in return for a great array of instruments across a number of markets, then this broker could be the inimitable spread betting & CFD broker for you!
The best out there
You just have to use ig's graphs to minitor exact streaming price is your a scalper.
Tradindex are quickest and easiest to use, and best execution.
Alright to learn with
They have a fairly limited range of markets and their futures do not extend far enough forward.
They also do not allow for moving your stop when a trade is in profit.
However, they provide a virtual platform for learning on (and thus witnessing all their faults first hand without losing any money) and they have been fairly friendly when I have spoken to them on the phone.
Their new site is a lot better.
Now and then I have been shut out when there is a server change but only once has it cost me an appreciable amount of dosh.
In four conversations I have encountered three very helpful people and one who didn't seem to give a toss.
I'm currently still using them but find Capital Spreads looking extremely attractive.
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