ETX Capital was previously known as TradIndex and they are owned and operated by London-based Monecor Ltd. They are one of the more reliable binary options brokers in the industry as they are regulated by the Financial Conduct Authority (FCA) in the UK. ETX Capital has been around since 2002 and the parent company was founded in 1965. The highlights of this broker are they provide four types of trading platforms that offer access to over 6000 instruments. In this review, we analyze their key features, tools, and benefits for investors.
ETX Capital reviews reveal that this broker stands a cut above conventional binary options brokers because they offer a choice of four trading platforms. Sophisticated traders can try their luck on the popular MetaTrader4 platform and other choices are spot forex on TraderPro, spread betting on ETX Trader, and binary trading on the ETXBinary platform. The advantage of the MetaTrader4 platform is you can customize your trading strategies with expert advisers and focus more on market trends and analysis.
Another plus point is all the four platforms are comptabile with mobile devices. Simply download the mobile apps and access your trading account from anywhere, anytime, using any internet-ready mobile device.
As mentioned earlier, you can access more than 6000 types of financial assets using the trading platforms. Commodities leverage is 1:1200, while for forex it is 1:200. You can also trade in market indices and equities. For these instruments, leverages range from 1:20 to 1:100.
Unlike top binary options brokers, ETX Capital offers only a single type of trading account. Visit their website and open your account easily by investing just £/$/€100. You can utilize the demo account to learn more about the trading platforms and their features before you invest real money.
ETX Capital reviews show that this broker provides reassuring customer support via live chat, email and a toll-free Universal International Freephone Number (UIFN). Besides English, customer support is offered in French, German, Turkish, Spanish, Russian, Romanian, Portuguese, Polish, Italian, Hungarian, Dutch, Czech, Chinese, and Arabic. Traders from all over the world can benefit from these multilingual support services.
Coming to spreads payable, you can select between variable spreads (ETXCapital and ETX MT4) and fixed (ETXTrader). The lowest forex spread begins from 0.7 pip for the widely used EUR/USD pair. Equities provide 0.08% indicative spreads for certain stocks, while minimum spreads for commodities begin at 3 pips. For select major Indices, the minimum spreads begin from 1 pip. On top of this, ETX Capital provides leverage rates at 100/1 for multiple products and as high as 400/1 on select MT4 products.
Payout rates are between 75% to 85%. There are no refunds for losing trades. Bonuses are offered up to 60%. However, the restriction is to get a bonus you need to invest a minimum of £/$/€1000.
You can deposit and withdraw using the usual methods such as credit card, bank transfer, and payment plans.
ETX Capital excels when it comes to educating both novice as well as expert investors. You can learn all about spread betting, specific markets, technical analysis, and more. In-house experts as well as an independent trader firm offer free seminars. If you are unable to attend the seminars, you can watch pre-recorded and live online webinars that are provided free.
This broker conducts an eight-hour training program that includes a monthly mentoring class where you can discuss trading strategies. This program is also free. In addition, there are educational videos on their site on multiple topics and subjects.
The ETX Capital News Center offers a host of tools such as live daily market news, morning briefs, and market commentary where their analytis closely analyze market news and provide insightful predictions on what you can expect in the market during the day. In addition, news updates are made available on Twitter and Facebook.
To sum up, the pros are advanced trading tools, excellent customer support, and multiple platforms. The negatives are limited to lack of choice in trading accounts. ETX Capital has been around for a long time and exudes reliability and integrity. They go the extra mile to provide a high level of service. You are in good hands with this broker as they have established a solid reputation in the binary options trading industry.
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