ETX Capital Review 2020

ETX Capital Awards

ETX Capital have won numerious industry awards over the 16 years they have been operating as a financial broker. We list the most notible awards and mentions for ETX Capital below.

• Online Personal Wealth Awards Best Education 2018
• Online Personal Wealth Awards Best Trading Platform 2018
• ADVFN International Finance Awards Best Spread Betting Platform 2018
• Uk Forex Awards Best Forex Educators 2017
• Shares Awards Best Trading Education 2017

ETX Capital General Fees

• ETX Capital doesn't charge withdrawal fees
• ETX Capital does charge inactivity fees
• ETX Capital doesn't charge deposit fees

Broker	ETX Capital	XTB	eToro	Pepperstone
Min Deposit	100	0	200	200
Withdrawl Fees	No	varies	Yes	No
Inactivity Fees	Yes	No	Yes	Yes
Deposit Fees	No	No	No	No
CFD Commission Fees	Yes	Yes	No	Yes

ETX Capital Commissions

• ETX Capital does charge commission on CFD instruments.

Trading on ETX Capital web platforms and other applications

ETX Capital offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

An ETX Capital IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

ETX Capital also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

ETX Capital Trading benefits :

• Allows hedging
• Low min deposit
• Guaranteed stop loss

ETX Capital Trading Accounts Offered :

• Demo account
• Micro account
• Mini account
• Standard account

Can I try ETX Capital before I buy?

ETX Capital offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

ETX Capital withdrawl and funding methods.

ETX Capital offer the below funding payment methods. learn more about ETX Capital

• Credit cards
• Bank Transfer
• Neteller
• UnionPay

Broker	ETX Capital	XTB	eToro	Pepperstone
Bank transfer	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes
Paypal	No	Yes	Yes	Yes
Skrill	No	Yes	Yes	Yes
Payoneer	No	Yes	Yes	Yes
Neteller	Yes	Yes	Yes	Yes

How can I start trading with ETX Capital?

When opening a trading account with ETX Capital, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ETX Capital trading platforms here.

Performing trades with ETX Capital

ETX Capital allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.

As a market maker, ETX Capital may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

ETX Capital Leverage and ETX Capital CFDs Explained

let's take a look at some of the basics of using ETX Capital leverage.

ETX Capital offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

ETX Capital leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the ETX Capital trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The ETX Capital leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

ETX Capital CFDs are typically used for short to medium term trades. For example ETX Capital intraday trading.

Limit Risk When Trading with ETX Capital Stop Loss, ETX Capital Stop Limit Orders

A stop-loss order is an order placed with a broker like ETX Capital to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at ETX Capital

To trade effectively with ETX Capital, it's important to get a have a good understanding of the XTB trading tools and the markets.

ETX Capital offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with ETX Capital.

Take time to look around the ETX Capital platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at ETX Capital

ETX Capital support a wide range of languages including English, French, Spanish, German, Polish, Czech, Greek and Mandarin

ETX Capital have a double AA grade support rating because ETX Capital offer live chat and email support and less than three languages.

Livechat Support at ETX Capital

ETX Capital does not offer LiveChat Support.

Email Support at ETX Capital

We sent several emails to ETX Capital and answer times overall were excellent. The fastest response from ETX Capital was less than 15 minutes and the slowest response was 7 hours. Support response times may vary for you with ETX Capital, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from ETX Capital.

Phone Support at ETX Capital

We called ETX Capital and the call was answered very quickly. The call was answered in less than 5 minutes.

The ETX Capital phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual ETX Capital team by calling in varying languages. ETX Capital made an effort to make sure our queries were answered.

Overall great phone support from ETX Capital.

See how ETX Capital Support Compares Against Other Brokers

Broker	ETX Capital	XTB	eToro	Pepperstone
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	English, French, Spanish, German, Polish, Czech, Greek and Mandarin	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish	English, German, Spanish, French, and Italian	English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More	Visit ETX Capital	Visit XTB	Visit eToro	Visit Pepperstone
Risk Warning	Losses can exceed deposits	Your capital is at risk	65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with ETX Capital

As ETX Capital is regulated by Financial Conduct Authority (FCA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

• A scanned colour copy of your passport, driving license or national ID
• A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore ETX Capital's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with ETX Capital you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.etxcapital.com on 12th August 2018.

ETX Capital review written by Andrew Blumer and Mark Hansen