ETX broker Accounts

etx Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

etx Account Types Explained

ETX Capital offers several account types tailored to different trading needs and experience levels. Below is a comprehensive overview of the available account types:

1. Standard Account

• Minimum Deposit: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:30.
• Key Features: Access to a wide range of instruments, including Forex, commodities, and indices.
• Target User Profile: Suitable for beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

2. Pro Account

• Minimum Deposit: $500
• Spread/Commission Structure: Tight spreads starting from 0.6 pips; commission of $7 per lot.
• Leverage Options: Up to 1:30.
• Key Features: Enhanced trading conditions with lower spreads and commissions.
• Target User Profile: Designed for experienced traders looking for better pricing.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

3. ECN Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $5 per lot.
• Leverage Options: Up to 1:30.
• Key Features: Direct market access with no dealing desk intervention.
• Target User Profile: Ideal for professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

4. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to Standard accounts; no swap fees.
• Leverage Options: Up to 1:30.
• Key Features: Compliant with Sharia law; no interest charged on overnight positions.
• Target User Profile: Traders who require a swap-free account due to religious beliefs.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

5. Demo Account

• Minimum Deposit: Virtual balance (typically $10,000).
• Spread/Commission Structure: Same as Standard accounts.
• Leverage Options: Up to 1:30.
• Key Features: Practice trading without financial risk.
• Target User Profile: Beginners and those wanting to test strategies.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Pro Account
• Advanced Traders: ECN Account
• Islamic Traders: Islamic Account
• Practice Traders: Demo Account

Detailed etx Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• Pro: $500

• ECN: $1,000

• Islamic: $100

• Demo: Virtual balance

• Maximum Leverage:

• All accounts offer leverage up to 1:30.

• Spreads:

• Standard: 1.0 pips

• Pro: 0.6 pips

• ECN: 0.0 pips

• Islamic: Same as Standard

• Commission Fees:

• Standard: None

• Pro: $7 per lot

• ECN: $5 per lot

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, and Standard

• Pro: Micro, Mini, and Standard

• ECN: Micro, Mini, and Standard

• Islamic: Micro, Mini, and Standard

• Demo: Micro, Mini, and Standard

• Available Trading Platforms:

• All accounts support ETX TraderPro and MT4.

• Execution Type:

• Standard: Market execution

• Pro: Market execution

• ECN: ECN execution

• Islamic: Market execution

• Demo: Market execution

• Islamic Account Availability:

• Available for Islamic Account holders.

• Swap-Free Options:

• Available for Islamic Accounts.

• Demo Account Features:

• Virtual trading environment with real market conditions.

Advantages and Disadvantages of Each Account Type

Advantages

• Standard Account:

• Low minimum deposit

• No commission fees

• Suitable for beginners

• Pro Account:

• Lower spreads

• Better pricing for active traders

• Access to advanced trading tools

• ECN Account:

• Direct market access

• Tight spreads

• Ideal for high-frequency trading

• Islamic Account:

• No swap fees

• Compliant with Islamic finance principles

• Similar features to Standard accounts

• Demo Account:

• Risk-free trading

• Practice strategies

• Familiarize with the trading platform

Disadvantages

• Standard Account:

• Higher spreads compared to Pro and ECN accounts

• Pro Account:

• Requires a higher minimum deposit

• ECN Account:

• Higher initial deposit and commission fees

• Islamic Account:

• Limited to specific trading conditions

• Demo Account:

• Limited duration and not suitable for real trading conditions

etx Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific restrictions may apply.
• Prohibited Countries: Typically includes regions with strict financial regulations (exact countries may vary).
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement with the applicant's name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

ETX Capital follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and address.

Verification Time Frames

Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Step-by-Step etx Account Opening Guide

Registration Process

1. Visit the Website: Go to the ETX Capital homepage.
2. Click Registration: Find and click the "Register" button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type (Standard, Pro, ECN, etc.).
5. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
6. Document Upload: Upload required identification and proof of residence.
7. Account Verification: Wait for the account to be verified by ETX Capital.
8. Fund Your Account: Deposit funds to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, but mobile users may experience a simplified interface.

Common Registration Issues and Solutions

• Document Rejection: Ensure all documents are clear and meet the requirements.
• Email Verification Issues: Check spam folders for verification emails.
• Account Approval Delays: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

To change account types, contact ETX Capital's customer support for guidance on the process.

etx Demo Account Guide

Demo Account Features and Benefits

• Features: Access to the full range of trading instruments with a virtual balance.
• Benefits: Allows traders to practice strategies without financial risk.

How to Open a Demo Account

1. Visit the ETX Capital website.
2. Click on the "Demo Account" option.
3. Fill in the required information and submit.

Demo Account Limitations

• Limited duration (typically 30 days).
• Virtual funds only; cannot be converted to real money.

Virtual Balance Amount

Demo accounts usually come with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts use real money.
• Market conditions may differ slightly due to liquidity and slippage.

Duration/Expiry of Demo Accounts

Demo accounts typically expire after 30 days of inactivity.

etx Islamic Account Details

Swap-Free/Islamic Account Availability

ETX Capital offers Islamic accounts that comply with Sharia law, ensuring no interest is charged on overnight positions.

Eligibility Requirements

To qualify for an Islamic account, traders must declare their need for a swap-free account due to religious beliefs.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, but other trading conditions remain similar to standard accounts.

How to Apply for Islamic Account

During the registration process, select the Islamic account option and provide necessary documentation.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, such as limits on certain instruments.

FAQs – etx Account Types & Opening

1. What account types does etx offer？

• ETX offers Standard, Pro, ECN, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, Pro: $500, ECN: $1,000, Islamic: $100, Demo: Virtual balance.

1. How long does etx account verification take？

• Verification typically takes 1-3 business days.

1. Does etx offer demo accounts？

• Yes, ETX offers demo accounts for practice trading.

1. Can I have multiple account types with etx？

• Yes, clients can open multiple account types.

1. Does etx offer Islamic/swap-free accounts？

• Yes, ETX offers Islamic accounts that comply with Sharia law.

1. What documents do I need to open a etx account？

• A government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can contact customer support to change your account type.