ETX
Pros and Cons
Pros
- Diverse range of trading instruments across multiple asset categories
- User-friendly platforms including MetaTrader 4 and web/mobile versions
- Multiple account types catering to different trading needs
- Access to demo account for risk-free practice
- Various payment methods for deposits and withdrawals
Cons
- Not regulated by any recognized financial authority
- Concerns about withdrawal issues and potential scams
- Lack of educational resources for traders
- Limited trading tools and features on platforms
- Additional fees for deposits and withdrawals may apply
Basic Information
User Reviews
ETX Overview
ETX, also known as ETX CAPITAL, is a forex broker that has been operating for a period of 5-10 years, and is registered in the United Kingdom. While it claims to provide trading services in the forex market, users should be aware that it currently does not hold any valid forex trading licenses. This raises concerns about its regulatory status and overall trustworthiness in the trading community. Potential clients should carefully consider these factors before engaging with the broker’s services, as the absence of regulation can increase the risk associated with trading activities.
Is ETX Safe? Regulation Analysis
Regulatory Information
ETX, also known as ETX CAPITAL, is not regulated by any recognized financial authority. The absence of valid forex trading licenses raises significant concerns regarding the broker’s regulatory status and overall trustworthiness. Potential clients should be aware that trading with an unregulated broker can expose them to various risks, including a lack of investor protection and a heightened potential for fraudulent activities.
Is ETX Regulated and How Are Client Funds Protected?
Trading Products and Services
What Trading Instruments Does ETX Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
The trading tools offered by ETX provide a diverse range of instruments across several asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This variety allows traders with different experience levels—whether beginners or seasoned professionals—to find suitable financial products that meet their trading strategies. The availability of multiple asset categories is crucial for portfolio diversification, enabling traders to adapt their strategies according to market conditions. By offering a wide selection of products, ETX aims to cater to the needs of various trading styles, enhancing the opportunities for effective trading and investment.
Account Types and Trading Conditions
What Account Types and Fees Does ETX Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners, casual traders | Access to a variety of trading instruments, user-friendly platform | Suitable for small-capital practice |
| Professional Account | Experienced traders | Enhanced trading features, potentially lower spreads | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Customizable trading solutions, dedicated support | Requires corporate documentation |
| Islamic Account | Traders seeking swap-free options | No overnight interest fees | Must comply with Islamic finance principles |
| Demo Account | All traders | Practice trading without risk, access to real market conditions | Ideal for testing strategies |
Account Opening Process
To open an account with ETX, potential clients need to follow a straightforward process. Initially, applicants must submit personal information, including employment and financial details. This is followed by identity verification, where clients are required to provide a form of identification and proof of address. Additionally, there is flexibility in account types, allowing traders the option to upgrade to a professional account later if they meet the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 | Competitive pricing for major currency pairs |
| CFDs (Stocks, Indices, Commodities) | Varies | $0 | Accessible spreads for a range of CFDs |
| Cryptocurrencies | Varies | $0 | Dynamic pricing based on market conditions |
Other Fees
Clients should be aware of several additional fees associated with trading through ETX. These may include deposit and withdrawal fees, inactivity fees for unused accounts, and potential platform usage fees. Overnight interest rates, or swap rates, may apply to positions held overnight. Additionally, currency conversion fees may be incurred for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does ETX Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | 2FA, symbol lookup, multiple order types, price alerts, technical indicators | Demo account, API interface |
| Web Version | All browsers | Secure login, market search, one-click trading, push notifications | Demo account |
| Mobile App | iOS, Android | Biometric login, price alerts, quick order execution, economic calendar | Demo account |
The trading platforms offered by ETX cater to a wide range of trader preferences. MetaTrader 4 (MT4) is ideal for advanced users seeking comprehensive tools and features, while the web version provides flexibility for those who prefer trading from any browser. The mobile app facilitates trading on-the-go, ensuring that users can manage their trades conveniently anytime. All platforms emphasize security with features like two-factor authentication and secure logins, while also offering fast order execution and real-time market alerts for an efficient trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 business days | No platform fee | Min 50, Max 20k/day | GBP, USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 10k/day | GBP, USD, EUR |
| E-wallets (e.g., PayPal, Skrill) | Instant | No platform fee, but 1.5% charge on deposits | Min 50, Max 15k/day | GBP, USD, EUR |
Minimum Deposit
ETX requires a minimum deposit of 50 units of the base currency for all account types. This requirement is consistent across payment methods and does not vary by region.
How to Withdraw
To withdraw funds from your ETX account, follow these steps:
- Log in to your ETX account.
- Navigate to the ‘Withdraw’ section of your account management.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw.
- Confirm your withdrawal request, ensuring all details are correct.
- Submit your request for processing.
Customer Support
ETX Customer Support Overview
Support Channels
ETX offers various contact methods for customer support, ensuring that traders can receive assistance effectively. These contact methods include:
- Email: Clients can reach out to ETX via email for inquiries and support at newaccounts@etxcapital.com.
- Telephone: Users can contact ETX by phone at +357 22 000 585 for real-time assistance.
- Social Media: ETX maintains an active presence on social media platforms, allowing clients to follow and engage with them for updates and support.
Service Availability
ETX’s customer service operates from Monday to Friday, offering support during standard business hours. The specific hours of availability are from 7:30 AM to 9:00 AM UK time. Additionally, while the primary language of support is English, there may be some multilingual support available, although the specifics are not detailed.
Additional Resources
To enhance trading knowledge, ETX may provide educational resources such as webinars and market analysis, helping clients improve their trading strategies and stay informed about market trends.
Frequently Asked Questions
No, ETX, also known as ETX CAPITAL, is not regulated by any recognized financial authority. This raises significant concerns regarding the broker’s regulatory status and overall trustworthiness.
ETX offers a diverse range of trading instruments across multiple asset categories including Forex, commodities, indices, stocks, and cryptocurrencies. This variety allows traders to choose products that align with their trading strategies.
Since ETX is not regulated, there is a lack of investor protection compared to regulated brokers. Potential clients should be aware that trading with an unregulated broker can expose them to various risks, including a heightened potential for fraudulent activities.
ETX provides several contact methods for customer support, including email at newaccounts@etxcapital.com and telephone support at +357 22 000 585. Customer service operates from Monday to Friday during standard business hours.
Best United Kingdom Forex Brokers & Reviews (2026)
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.
