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ETX Forex Broker provides real users with * positive reviews, 1 neutral reviews and 12 exposure review!

ETX Broker Review

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ETX Review 13

Latest All(13) Neutral(1) Exposure(12)
Neutral

Funny! This ETX promised that it is regulated by FCA, but when I investigated its real regulation status, I know they are talking nonsense! This broker does not hold any license at all! it is just a fake broker! you can easily find its regulatory info on some professional regulation-chekcing websites.

Chiran Bawornkitiwong
2023-02-16
Exposure

Unable to withdraw. There are a lot of problems. Who can provide a solution? Thank you

牙鋼
2022-08-15
Exposure
The account is unable to trade and the customer service is lost

I cannot update the data and transaction after log in. The customer service is lost the contact. All the funding pages cannot be opened. The email address cannot be sent. What if I had orders that cannot be closed and causing a loss?

1277
2022-06-03
Exposure
Unable to withdraw

After applying for the withdrawal, it said that the risk control needs to be lifted. Looking at other cases, even if the risk control is lifted, another payment needs to be paid. Is there any way to deal with it?

FX3976003619
2022-05-04
Exposure
Unable to withdraw and there is lots of follow-up questions

From 4/21 to the 26th, the application for withdrawal was delayed until the 26th. After I asked, I told me that my account was subject to risk control and asked for a risk control fund of NT$50,000. I gave it. The remaining issues of risk control require an account opening deposit of 80,000 yuan. I don’t want to use the account to directly contact the commissioner. LINE has no connection to overcome it. I also gave 80,000 Taiwan dollars. I want to remit another 80,000 yuan. After processing, the withdrawal fund + 50,000 risk control fund + 80,000 account opening deposit will be remitted to me together. I don’t have so much money, what kind of gold, and return all the money I should take! It doesn’t belong to me You can take it back and withdraw the money of 50,000 risk control money and of 80,000 account opening deposit and return it to me!!!

謝29409
2022-04-29
Exposure
Unable to withdraw

Maybe this is the stupidest thing I've ever done. I believe that this platform can withdraw funds smoothly, but in the end, I still don't see the funds coming into the account. The original risk control account charged me 900,000, and then the new account was charged 900,000, but the result did not come out and told me to pay the internal tax, all of which will be handled according to your method, and let me wait for 3 days to be credited. As a result, after waiting for so many days, I still did not see the news of the credit, even the app system can’t use, I really don’t think I can trust this platform. The platform keeps saying that it will withdraw money. Eveything is a fake. They say that I break my own words, but you are the one who did this. They do not withdraw and charges a high fees. Terrible platform and bad system

FX1574919362
2022-01-25
Exposure
Unable to withdraw

Saying that I break my words, and you don’t allow me to withdraw cash, then why do you open the platform? When you withdraw money, you lock me in risk control, and you need me to pay the risk fund. After paying the risk fund, you will need to open a new account, but my money was stucked, how to deal with it? It costs 150,000. Is everyone on the platform rich? If I were rich, I wouldn't invest in these either. The funds invested by investors are originally intended to make money. If they take away their own money, they will also be locked in risk control. They say that I am insider trading. Where do I get insider information, the platform should let people withdraw as soon as possible...

FX4157160605
2022-01-23
Exposure

Saying that I break my own words and does not allow me to withdraw. Then, what do you want to do when opening a platform, lock my risk-manage when withdrawing, and also have to pay the risk fund, and then I have to open a new account and pay risk fund after payment. That’s right, it was originally promised to address on Jan.1, but my money is also stuck, how to deal with it. They just asked for 900,000. You think that everyone on the platform is a rich person? If I were a rich person, I would not invest in these. The funds invested by investors were originally intended to make money, and to take away the money they earned, they must also be locked for risk control. It said that I was trading inside, where did I get the inside news, the platform should let people withdraw as soon as possible...

FX1574919362
2022-01-05

  

ETX Capital 2025 Review: Everything You Need to Know

  ETX Capital, now rebranded as OvalX, has established itself as a notable player in the online trading landscape since its inception in 1965. This review synthesizes key insights from various sources to provide a comprehensive overview of the broker's offerings, user experiences, and expert opinions, particularly focusing on the pros and cons of trading with ETX Capital.

  Summary: Overall, ETX Capital presents a mixed picture. While it offers a wide range of trading instruments and robust educational resources, user reviews frequently highlight issues with customer service and withdrawal processes. The broker operates under multiple regulatory frameworks, which adds a layer of complexity for potential clients.

  Note: It is important to consider the different regulatory entities under which ETX Capital operates, as this can affect user experiences and protections based on geographical location.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 7
Tools and Resources 6
Customer Service and Support 5
Trading Setup 6
Trustworthiness 7
User Experience 6
Overall 6

  How We Rated the Broker: Ratings are based on a combination of user feedback, expert reviews, and factual data regarding the broker's services and conditions.

  

Broker Overview

  Established in 1965, ETX Capital (now OvalX) has a long-standing reputation in the trading industry. The broker is headquartered in London and is regulated by the Financial Conduct Authority (FCA) in the UK, as well as the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa. ETX Capital provides access to a diverse array of trading platforms, including its proprietary ETX Trader Pro and the widely used MetaTrader 4 (MT4). Traders can engage in various asset classes, including forex, stocks, commodities, and cryptocurrencies.

  

Detailed Breakdown

  •   Regulated Regions: ETX Capital operates under the regulation of the FCA, CySEC, and FSCA, which provides a level of security for traders in these regions. However, it does not accept clients from the United States, Canada, and several other countries.

  •   Deposit/Withdrawal Currencies: The broker supports multiple currencies for deposits and withdrawals, including GBP, EUR, and USD. Popular payment methods include credit/debit cards, bank transfers, and e-wallets like Skrill and Neteller.

  •   Minimum Deposit: The minimum deposit to open an account with ETX Capital is £100, which is relatively accessible compared to many competitors.

  •   Bonuses/Promotions: Currently, ETX Capital does not offer any promotional bonuses, which may disappoint some traders looking for additional incentives.

  •   Tradable Asset Classes: ETX Capital provides access to over 5,000 instruments, including 60+ forex pairs, stock CFDs, commodities, and a limited selection of cryptocurrencies (such as Bitcoin and Ethereum).

  •   Costs: The broker does not charge commissions but incorporates trading costs into the spreads. Average spreads for major currency pairs like EUR/USD start at 0.6 pips. However, some users have reported higher spreads during volatile market conditions.

  •   Leverage: ETX Capital offers leverage up to 1:30 for retail traders, in line with ESMA regulations. This leverage can enhance trading potential but also increases risk.

  •   Trading Platforms: Traders can choose between ETX Trader Pro and MT4. The proprietary platform is designed for ease of use and offers advanced charting tools, but MT4 remains a favorite for those seeking automation and customization.

  •   Restricted Regions: ETX Capital does not accept clients from the USA, Canada, and several other countries due to regulatory restrictions.

  •   Available Customer Service Languages: Customer support is available in multiple languages, including English, Spanish, German, and Mandarin. However, the availability of support may be limited outside of standard trading hours.

      

  

Revised Ratings Overview

Category Rating (out of 10)
Account Conditions 7
Tools and Resources 6
Customer Service and Support 5
Trading Setup 6
Trustworthiness 7
User Experience 6
Overall 6

  

Detailed Analysis of Ratings

  •   Account Conditions (7/10): The minimum deposit is relatively low, and the range of account types is adequate for most traders. However, the lack of different account tiers could limit advanced traders.

  •   Tools and Resources (6/10): ETX Capital provides a good selection of educational resources, including webinars and guides. However, the research tools are considered basic and could be improved.

  •   Customer Service and Support (5/10): User reviews frequently mention slow response times and issues with withdrawals, impacting overall satisfaction.

  •   Trading Setup (6/10): The trading platforms are user-friendly, but some users have reported issues with execution speed and slippage during high volatility.

  •   Trustworthiness (7/10): The broker is regulated by reputable authorities, which provides some assurance of safety. However, negative user experiences raise questions about reliability.

  •   User Experience (6/10): The overall user experience is average, with many users appreciating the platform's features but expressing concerns about customer support.

  •   In conclusion, ETX Capital offers a robust trading environment with a range of assets and platforms, but potential clients should be aware of the mixed user reviews, particularly regarding customer service and withdrawal processes. As always, prospective traders are encouraged to conduct thorough research and consider their trading needs before opening an account.