ETX CAPITAL LTD Forex Broker

ETX Capital Ltd Forex Broker - Complete Information Guide

1. Broker Overview

　　ETX Capital Ltd, established in 1965, is a prominent online trading platform operating under the name of Monecor (London) Ltd. The company is headquartered in London, United Kingdom, and is recognized as a publicly listed entity on the London Stock Exchange. Over the years, ETX Capital has developed a strong reputation in the financial services industry, primarily catering to retail and institutional clients across various markets.

　　The broker offers a diverse range of trading services, including Forex trading, Contracts for Difference (CFDs), and spread betting. ETX Capital's history is marked by significant milestones, including its transformation from a mortgage bond specialist to a leading provider of trading services. In 2002, the company launched a retail derivatives division known as Tradindex, which was later rebranded to ETX Capital in 2007.

　　As a retail forex broker, ETX Capital primarily serves individual traders and investors, providing them with access to global financial markets. The firms parent company, Monecor (London) Ltd, has a long-standing history in the financial industry, which enhances the credibility of the ETX Capital brand. The business model focuses on offering competitive trading conditions, educational resources, and advanced trading platforms to meet the needs of its diverse clientele.

2. Regulation and Compliance Information

　　ETX Capital Ltd is regulated by several reputable authorities, including the Financial Conduct Authority (FCA) in the UK, with the regulatory number 124721. This regulation ensures that the broker adheres to strict financial standards and provides a level of assurance to its clients regarding the safety of their funds.

　　In addition to the FCA, ETX Capital is also authorized by the Cyprus Securities and Exchange Commission (CySEC), which further extends its regulatory oversight. The licenses held by ETX Capital are valid across multiple jurisdictions, allowing the broker to operate in various regions while complying with local laws and regulations.

　　The broker implements a robust client fund segregation policy, ensuring that all client funds are kept separate from the companys operational funds. This practice is essential for protecting client assets in the event of financial difficulties. Furthermore, ETX Capital participates in the Financial Services Compensation Scheme (FSCS), which provides compensation to clients up to £50,000 in the event of the broker's insolvency.

　　To comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ETX Capital requires clients to verify their identity during the account opening process. This includes providing proof of identity and proof of address, which helps maintain the integrity of the trading environment.

3. Trading Products and Services

　　ETX Capital offers a wide array of trading products, catering to various investment preferences. The broker provides access to over 5,000 financial instruments, including:

• 　　Forex Currency Pairs: ETX Capital supports a comprehensive range of currency pairs, with a focus on major and minor pairs. The broker offers competitive spreads, starting from as low as 0.6 pips for popular pairs like EUR/USD.

• 　　CFD Products: The broker offers CFDs on various asset classes, including:

• 　　Indices: Access to major global indices.

• 　　Commodities: Trading options for both soft and hard commodities.

• 　　Stocks: CFDs on shares from leading companies across different markets.

• 　　Cryptocurrencies: A selection of popular cryptocurrencies, allowing clients to trade digital assets.

　　ETX Capital frequently updates its product offerings, adding new instruments to meet the evolving needs of traders. The broker is committed to providing a comprehensive trading experience, whether for retail or institutional clients.

4. Trading Platforms and Technology

　　ETX Capital supports multiple trading platforms to cater to different trader preferences. The primary platforms include:

• 　　MetaTrader 4 (MT4): A widely used platform that provides advanced trading features, including automated trading through Expert Advisors (EAs). MT4 is known for its user-friendly interface and extensive charting capabilities.

• 　　ETX Trader Pro: This proprietary platform is designed for experienced traders, offering a range of advanced features, including customizable charts and trading tools. ETX Trader Pro provides access to a broad spectrum of markets and is optimized for performance.

　　Both platforms are available on desktop and mobile devices, ensuring traders can access their accounts anytime, anywhere. The mobile applications for both platforms are compatible with iOS and Android devices, facilitating seamless trading on the go.

　　ETX Capital employs a market-making execution model, which allows for quick order execution and competitive pricing. The broker's technical infrastructure is robust, with servers located in secure data centers to ensure reliable trading conditions. Additionally, ETX Capital offers API access for clients interested in automated trading solutions.

5. Account Types and Trading Conditions

　　ETX Capital provides several account types to suit different trading needs. The main account options include:

• 　　Standard Account: This account type requires a minimum deposit of £100 and offers competitive spreads with no commission on trades. The minimum trade size is typically 0.01 lots.

• 　　Professional Account: For traders with higher capital, ETX Capital offers professional accounts that provide access to increased leverage and lower spreads. These accounts are tailored for experienced traders who meet specific criteria.

• 　　Demo Account: ETX Capital allows clients to open demo accounts, enabling them to practice trading strategies without risking real money. This is an excellent option for beginners looking to familiarize themselves with the platform before committing to live trading.

　　The leverage offered by ETX Capital varies depending on the asset class, with a maximum leverage of 1:30 for retail clients in the EU and up to 1:200 for international clients. The broker's overnight fees and margin requirements are clearly outlined in the trading conditions, ensuring transparency for all traders.

6. Fund Management

　　ETX Capital supports a variety of deposit methods to facilitate seamless fund management, including:

• Bank Transfers: Traditional bank transfers are accepted, allowing for secure deposits.
• Credit and Debit Cards: Major credit and debit cards can be used for quick deposits.
• E-Wallets: Options like Skrill and Neteller are available for deposits.

　　The minimum deposit requirement is £100, and deposits are typically processed within 24 hours. ETX Capital does not charge fees for deposits, making it cost-effective for traders to fund their accounts.

　　For withdrawals, clients can use the same methods as deposits, with processing times ranging from 1 to 5 business days, depending on the method used. ETX Capital does not charge withdrawal fees for the first five transactions each month, provided each withdrawal is over £100. Subsequent withdrawals may incur a fee.

7. Customer Support and Educational Resources

　　ETX Capital offers comprehensive customer support through various channels, including:

• Phone Support: Clients can reach customer service representatives via phone for immediate assistance.
• Email Support: Support inquiries can be submitted via email, with a dedicated team responding promptly.
• Live Chat: Available for quick questions and support.

　　The customer support team operates in multiple languages, including English, Spanish, German, and Mandarin, ensuring accessibility for a diverse clientele.

　　In terms of educational resources, ETX Capital provides a range of materials, including webinars, tutorials, and market analysis. The broker also offers a dedicated trading academy, helping traders enhance their skills and knowledge. Regular market analysis and news updates are available, keeping clients informed of market trends and opportunities.

8. Regional Coverage and Restrictions

　　ETX Capital serves clients globally, with a strong presence in the UK and Europe. The broker's services are available in over 100 countries, providing a wide range of trading options for international clients.

　　However, ETX Capital does not accept clients from certain jurisdictions, including the United States, Canada, and several African nations. It is essential for potential clients to verify their eligibility based on their country of residence before opening an account.

　　In conclusion, ETX Capital Ltd has established itself as a reputable broker in the financial trading industry. With a comprehensive range of products, competitive trading conditions, and a commitment to customer support and education, the ETX Capital Ltd broker continues to attract traders from around the world.