ETX Capital Review ââââ
What does ETX Capital do?
ETX Capital offers financial spread betting and CFD trading on 5,000 global instruments including 60 forex pairs, 20 indices, shares in 20 countries and major commodities like Gold, Silver, Oil and Copper. ETX Capital connects traders to the market through itâs ETX Trader Pro platform or MT4. ETX Capital also has a social trading network through ETX Connect which enables traders to copy the traders of others.
How much does ETX Capital cost?
ETX Capital charges are fairly inline with other spread betting and CFD providers. EURGBP and GBPUSD spreads are 0.9, UK and Wall Street index trading is 1 point. Spreads on UK shares are 0.05% and US stocks are 0.1%. ETX charges a $25 per month inactivity fee. They donât charge commission but factor their fees into the spreads.
Are ETX Capital a good broker?
Our experts rate ETX Capital as a four-star broker because they offer an easy to use trading platform with good market coverage and have full FCA regulation and FSCS deposit protection. ETX Capital are one of the most established spread betting and CFD brokers and generally have a good reputation within the industry. Our 2020 review explains how ETX Capital compares to other brokers.
ETX Capital Review Scores: Expert Ratings
75.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
What do clients think about ETX Capital?
The below data is taken from the average weighted scores of over 250 clients who completed our Good Money Guide Trading Awards survey in which brokers asked their clients to rank their services against peers.
ETX Capital 2020 Review Client Satisfaction Levels
ETX Capital Client Reviews
Here's what users have to say about them. If you've used them leave a review to vote in our Awards for a chance to win ÂŁ1,000 in Amazon Vouchers.
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Highly recommended. Premier class experience.
Online Platform 5/5
Customer Service 5/5
Fees & Pricing 4/5
The platform is fast and easy to use. The facilities within the platform are what I would expect from a named trading site.
Online Platform 5/5
Customer Service 5/5
Fees & Pricing 5/5
Great Service and good spreads
Online Platform 5/5
Customer Service 5/5
Fees & Pricing 5/5
Trading Platform 5/5
Customer Service 5/5
Mobile Apps 5/5
Spreads & Pricing 5/5
Market Range 5/5
Trade Execution Speed 5/5
Added Value 5/5
I am quite happy with this broker
(Trading forex and indices with ETX Capital for between 1 and 2 years on an intra-daily basis)
Trading Platform 5/5
Customer Service 5/5
Mobile Apps 5/5
Spreads & Pricing 5/5
Market Range 5/5
Trade Execution Speed 5/5
Added Value 5/5
The platform is brilliant, even for beginners, it is easy to understand and manage. The research is very helpful and the results are correct most of the time. The trading signals and analysis are very good, they are clear once the trader understands them with the help of their educational Webinars,
they encourage the trader to learn and gain confidence and it is free!
I spent a lot of money trying to learn to trade with other brokers and did not learn half as much as I have learned with ETX Capital within the last 8 months.
(Trading forex with ETX Capital for under a year on a daily basis)
Trading Platform 5/5
Customer Service 5/5
Mobile Apps 5/5
Spreads & Pricing 3/5: Sometimes spreads are too wide
Market Range 5/5
Trade Execution Speed 5/5
Added Value 5/5
Great platform and excellent customer services
(Trading forex and indices with ETX Capital for between 1 and 2 years on a daily basis)
Trading Platform 5/5
Customer Service 5/5
Mobile Apps 5/5
Spreads & Pricing 5/5
Market Range 5/5
Trade Execution Speed 5/5
Added Value 5/5
After getting scammed by lots of so called brokers ,ETX has given me training,no pushing for more money ,can get my money back out easy .
For somebody starting or been trading for a while I recommend ETX .as they try to help the investor ,
(Trading forex, commodities and indices with ETX Capital for between 1 and 2 years on a daily basis)
Trading Platform 5/5
Customer Service 5/5
Mobile Apps 5/5
Spreads & Pricing 4/5: Spreads are excellent but you asked me the question. So I will say they could be lowered.đ
Market Range 5/5
Trade Execution Speed 5/5
Added Value 5/5
I use the MT4 platform and can honestly say that ETX have been my go-to spread bet company since opening my account. Although I only trade small positions quite infrequently it is important to know that the same level of service and reliability is available to each customer.
(Trading forex and indices with ETX Capital for between 1 and 2 years on a weekly basis)
Trading Platform 5/5
Customer Service 5/5
Mobile Apps 5/5
Spreads & Pricing 5/5
Market Range 4/5: could we have options prices
Trade Execution Speed 5/5
Added Value 5/5
I have had a good relationship with this broker and would recommend them to anyone who wants to open an account.
(Trading forex and indices with ETX Capital for between under a year on weekly basis)
Trading Platform 4/5: I use MT4 which is an off the shelf product - it's main limitation is not being able to separate the charts onto different screens (they can only be opened on one screen).
Customer Service 5/5
Mobile Apps 4/5: sometimes i lose my currency pairs i have saved onto my phone app and i need to re-input them.
Spreads & Pricing 3/5: when prices are volatile around announcements the spreads blow out making it impossible to trade in the immediate aftermath post-announcement.
Market Range 5/5
Trade Execution Speed 5/5
Added Value 4/5: see above
when I first enlisted ETX the support staff were very friendly and helped me navigate the systems - if I had a problem they answered it very timely. My main issues are the MT4 platform and not being able to separate the charts, and the spreads blowing out (apart from EURUSD) immediately post-announcement.
(Trading forex and indices with ETX Capital for between under a year on an intra-day basis)
75.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
ETX Capital Review: ETX Capital are one of the oldest spread betting brokers in the UK. ETX was founded in 1965 as Monecor and remains a member of the London Stock exchange. ETX Capital is a good solid all rounder with a reputation for good support, tight spreads and wide market coverage. 75.6% of retail investor accounts lose money when trading CFDs with this provider.
ETX Capital Key Features
| ETX Capital | |
| Number of: | |
| Total Markets | 5000 |
| Forex Pairs | 60 |
| Commodities | 25 |
| Indices | 34 |
| UK Stocks | 350 |
| US Stocks | ? |
| Cryptocurrencies | 8 |
| Broker specifics | |
| 2019 Revenue | ÂŁ32,000,000 (2018) |
| Number Active Clients | 55,000 |
| Minimum Deposit | ÂŁ100 |
| Inactivity Fee | $25 per month |
| Founded | 2007 |
| FX Retails Spreads | |
| EUR/USD Euro vs US Dollar | 0.6 |
| GBP/USD British pound vs US dollar | 0.9 |
| USD/JPY US Dollar vs Japanese Yen | 0.9 |
| EUR/GBP Euro vs British Pound | 0.9 |
| AUD/USD Australian Dollar vs US Dollar | 0.8 |
| USD/CAD US Dollar vs Canadian Dollar | 0.2 |
| USD/CHF US Dollar vs Swiss Franc | 0.9 |
| NZD/USD NZ Dollar vs US Dollar | 0.18 |
| EUR/JPY Euro vs Japanese Yen | 0.9 |
| EUR/AUD Euro vs Australian Dollar | 0.26 |
| FX Retail Margins | |
| EUR/USD Euro vs US Dollar | 30:1 |
| GBP/USD British pound vs US dollar | 30:1 |
| USD/JPY US Dollar vs Japanese Yen | 30:1 |
| AUD/USD Australian Dollar vs US Dollar | 20:1 |
| USD/CAD US Dollar vs Canadian Dollar | 30:1 |
| USD/CHF US Dollar vs Swiss Franc | 30:1 |
| NZD/USD NZ Dollar vs US Dollar | 30:1 |
| EUR/JPY Euro vs Japanese Yen | 30:1 |
| EUR/AUD Euro vs Australian Dollar | 20:1 |
| Commodity Spreads | |
| WTI crude (oil) | 0.4 |
| Gold | 0.4 |
| Corn | 0.5 |
| Brent crude (oil) | 0.4 |
| Natural Gas | 0.21 |
| Silver | 0.35 |
| Copper (comex) | 0.9 |
| Wheat | 0.5 |
| Soyabeans | 0.7 |
| Gasoline RBOB | not quoted |
| Steel | not quoted |
| Aluminium | not quoted |
| Iron | not quoted |
| Commodity Margins | |
| WTI crude (oil) | 10:1 |
| Gold | 20:1 |
| Corn | 10:1 |
| Brent crude (oil) | 10:1 |
| Natural Gas | 10:1 |
| Silver | 10:1 |
| Copper | 10:1 |
| Wheat | 10:1 |
| Soyabeans | 10:1 |
| Gasoline RBOB | not quoted |
| Steel | not quoted |
| Aluminium | not quoted |
| Iron | not quoted |
| Index Spreads | |
| Dow Jones Industrials Average (US 30) | 4 |
| Standard & Poorâs 500 (S&P 500) | 0.69 |
| Nasdaq (Composite and Nasdaq 100) | 3 |
| Dow Jones Industrials (DJIA) | not quoted |
| UK FTSE 100 (FTSE 100) | 1 |
| CAC 40 (France 40) | 2 |
| DAX (Germany 30) | 1.5 |
| Euro Stoxx 50 (Euro 50) | 2 |
| Japan 225 (Nikkei 225) | 8 |
| Hong Kong (Hang Seng Index) | 16 |
| Index Margins | |
| Dow Jones Industrials Average (US 30) | 20:1 |
| Standard & Poorâs 500 (S&P 500) | 20:1 |
| Nasdaq (Composite and Nasdaq 100) | 20:1 |
| Dow Jones Industrials (DJIA) | not quoted |
| UK FTSE 100 (FTSE 100) | 20:1 |
| CAC 40 (France 40) | 20:1 |
| DAX (Germany 30) | 20:1 |
| Euro Stoxx 50 (Euro 50) | 20:1 |
| Japan 225 (Nikkei 225) | 20:1 |
| Hong Kong (Hang Seng Index) | 10:1 |
| UK Stock Spreads | |
| Lloyds | 0.10% |
| Ocado | 0.10% |
| BT Group | 0.10% |
| Centrica | 0.10% |
| International Conolidated Airlines | 0.10% |
| BAE Systems | 0.10% |
| Barclays | 0.10% |
| Barratt Developments | 0.10% |
| Vodafone Group | 0.10% |
| Sainsburys | 0.10% |
| Micro Focus International | 0.10% |
| Glencore | 0.10% |
| Fresnillo | 0.10% |
| UK Stock Margins | |
| Lloyds | 5:1 |
| Ocado | 5:1 |
| BT Group | 5:1 |
| Centrica | 5:1 |
| International Consolidated Airlines | 5:1 |
| BAE Systems | 5:1 |
| Barclays | 5:1 |
| Barratt Developments | 5:1 |
| Vodafone Group | 5:1 |
| Sainsburys | 5:1 |
| Micro Focus International | 5:1 |
| Glencore | 5:1 |
| Fresnillo | 5:1 |
| US Stock Spreads | |
| Amazon | $0.02 per share |
| Tesla | $0.02 per share |
| Netflix | $0.02 per share |
| Apple | $0.02 per share |
| $0.02 per share | |
| Advanced micro Devices | $0.02 per share |
| $0.02 per share | |
| Overstock.com | $0.02 per share |
| Boeing | $0.02 per share |
| Uber | $0.02 per share |
| Abbvie | $0.02 per share |
| Snap inc | $0.02 per share |
| Soliton | not quoted |
| NVIDA | $0.02 per share |
| US Stock Margins | |
| Amazon | 5:1 |
| Tesla | 5:1 |
| Netflix | 5:1 |
| Apple | 5:1 |
| 5:1 | |
| Advanced micro Devices | 5:1 |
| 5:1 | |
| Overstock.com | 5:1 |
| Boeing | 5:1 |
| Uber | 5:1 |
| Abbvie | 5:1 |
| Snap inc | 5:1 |
| Soliton | not quoted |
| NVIDA | 5:1 |
| Overnight Financing Rates | |
| Forex (tom next plus or minus ) | Tom-next+1.35% |
| Commodities | Libor +/- 3.50% or+/-4.50% see here |
| Indices | Overnight funding for Indices is LIBOR +/- 3.25 and +/- 4.5% see here |
| UK Stocks | Relevant interbank rates +/- 4.5% and +/- 6% see here |
| US Stocks | Relevant interbank rates +/- 4.5% and +/- 6% see here |
| Cryptocurrencies | Financing charge of 0.083% per day see here |