ETXCapital – Spread Betting Broker Review

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ETXCapital is a UK based spread betting firm that is authorized by the Financial Conduct Authority (FCA) with license number 124721 and offers derivatives dealing through CFD and spread betting products. Monecor (London) Ltd. is a privately owned company and operates under the trading name of ETXCapital and the company is based in London at One Broadgate, EC2M 2QS.

Offering tight spreads in the markets with low margin requirements, ETXCapital was recognized in 2011 by Investment Trends research for providing the best value for money trading products.

ETXCapital offers trading on the following products

  • Forex pairs (67 pairs including majors, crosses and a wide choice of exotic currency pairs)
  • Bonds (including government and corporate bonds, options
  • commodities (Gold, Silver, Palladium and Platinum)
  • stocks (over 100+ stocks across UK, US, Europe, South Africa, Australia and Singapore)
  • indices (8 world indices)
  • ETF (UK, US, Commodities and many more based trackers)

ETXCapital – Trading Platforms

ETXCapital offers spread betting across different platforms which includes a custom ETX Capital trading platform which is compatible on desktops and smartphones along with the standard MT4 trading platform.

ETX Capital Trading platform is a web based trading platform that offers all the trading instruments. The platform comes equipped with full order management as well as advanced charting capabilities. A demo account can be requested free of cost with 10,000 in virtual money to test drive the ETXCapital trading platform. Request a demo account here.

ETXCapital Trading Platforms - Charting
ETXCapital Trading Platforms – Charting

The MT4 trading platforms has a rich selection of forex pairs including a wide choice of exotic currency pairs (MXNJPY, GBPZAR, etc) as well as indices and commodities.

ETXCapital – Trading Conditions & Banking

ETXCapital offers one of the tightest spreads in the markets. For example, a 10 yr UK Gilts have a mark-up of 0.02 with the tick size of 0.01. Similarly, for most of the major forex pairs, spreads are tight within a range of 0.07 Pips for EURUSD, 0.09 for GBPUSD, while cross pairs such as EURGBP have a spread of 1.5 Pips.

To deposit funds to ETXCapital, traders can choose to deposit either by Debit/Credit Cards or Bank WIRE transfers. There is no minimum deposit requirements for ETXCapital but traders must ensure that they have enough capital to meet the minimum margin requirements before trading. Deposits to ETXCapital can be made in GBP, USD and EUR. While Credit/Debit card deposits are free of cost, additional bank charges apply for WIRE deposits.

ETXCapital also offers a strong deposit bonus scheme. Below are the details on how the bonuses work

Deposit (£/€/$) 1,000 – 2,999 3,000+
Matched 30% 50%

ETXCapital – Trading Tools

ETXCapital offers a good choice of market information for their trading clients. Besides offering commentary on the markets, MT4 trading clients get access to Autochartist, a well known chart patterns analysis system. This can be accessed from the indicators/scripts section on ETXCapital MT4 trading platform directly.

ETXCapital News Feed Service
ETXCapital News Feed Service

Another innovative solution from ETXCapital is their custom news aggregation RSS service which is updated in real time. Traders can customize this RSS service by choosing different sources to build their own real time news updating service to stay on top of the markets.

ETXCapital – Conclusion

One of the most striking features about ETXCapital is the choice of trading instruments that is available from the broker. Traders can choose to trade not just Forex, but also other markets such as Bonds, Equities and also trade options from the ETXCapital trading platform. The Web based trading platform is feature packed and comes with a fully functional charting tools with a wide selection of studies and drawing tools. With no criteria for minimum deposit, traders can decide how much they want to deposit to start trading with ETXCapital. Being licensed by the FCA also makes this broker trustworthy!

ETXCapital » Open Account