- FCA-regulated Bitcoin spread bets/CFDs
- No Bitcoin wallet required
- Award-winning platform
|Support Types||Phone , Email , Live Chat|
|Trading Platform||ETX TRADER PRO | ETX MetaTrader 4|
|Minimum 1st Deposit||£100|
|Bonus||Capital at Risk|
|Free Demo Account||Open Demo|
|Regulation||Financial Conduct Authority (UK)|
|Deposit Methods||Debit Card , Bank Transfer , Skrill , Netewer , Union Pay|
|Trading Currency||Bitcoin , Ethereum , Litecoin , Ripple|
|US Traders Allowed|
- Tight spreads & low margins
- Fully customisable charts and technical drawing tools
- High withdrawal fee for deposits less then £100
- Small number of cryptocurrencies you can trade
ETX Capital Review – About the Company
ETX Capital has a long history and was originally set up under trading name Monecor (London) Limited back in 1965 (yes, ’65!). In 2002 Monecor launched a retail trading arm called TradIngdex which was renamed to ETX Capital in 2007. In this ETX Capital review, we will discuss the main features of the ETX trading platform.
ETX Capital is regulated by the Financial Conduct Authority (FCA), number 124721. The company provides spread-betting services to trade Forex, Indices, Equities, Commodities and more recent, Binary Options in a regulated environment. However it is important to note, that binary options trading is not regulated by FCA and recently came under severe scrutiny. by UK regulatory body.
Broker Covered Markets
ETX Capital offers full access to all major and minor Forex pairs, commodities, indices and a wide range of global stocks, indices, ETFs and Bitcoin. The range of covered markets is one of the features that makes ETX Capital stand out from its competition in the UK market. At the time of writing this ETX Capital review (January 2018), ETX Capital was offering it’s clients an opportunity to trade Bitcoin CFDs. If you want to trade Bitcoin with ETX, just select the FX tab and choose Cryptocurrency on the platform.
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While the range of cryptos available to trade is not extensive, the fact that ETX Capital is regulated b FCA should give users a bit more comfort compared to many off-shore brokers available on the net.
Being one of the largest UK CFD brokers and thanks to larger order flow, gives ETX Capital an ability to offer very tight and competitive spreads.
Educational content, webinars and analysis
While catering for more experienced traders, ETX Capital regularly provides market analysis, webinars, in-house seminars, trading courses and other educational content and materials. In the process of writing this ETX Capital review, we have looked at the number of content they provide and be fully satisfied with the quality of the material.
The also regularly update their social media account with the latest analysis and reports.
Advantages of the ETX Capital Platform
Overall, in this ETX Capital review, we found their trading platform and environment quite user-friendly. Tight spreads help to reduce trading costs and guaranteed stops help to manage risk better. Trailing stops feature is also good for locking in profits. ETX Capital also offers hedging facilities, allowing you to run long/short positions on the same asset. That could be quite handy for seasoned and experienced traders.
One can easily open an account with ETX Capital and deposit funds via bank transfer or a debit card. The platform offers multilingual support in over 10 languages and has a solid educational portal, You can also enjoy good daily market and events based analysis.
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For seasoned traders a wide range of order types is on offer, automated trading and API access is also available.
There are several drawbacks, of course, as no platform is perfect. You won’t have direct market access (DMA) so if you are going to trade large sums, that could be inconvenient. There is also no scalping. And the main disadvantage for us is that it is not possible to trade Ethereum with ETX Capital right now.
ETX Capital Review – Conclusion
All in all, we think ETX Capital is a good choice for UK based clients. Also, they don’t offer a big choice of cryptocurrencies to trade, you can get an exposure to the most popular one – Bitcoin. We hope that other cryptocurrencies will be added to the platform soon. The fact that the company is regulated by FCA also should give extra peace of mind. But we would say that ETX Capital is more suitable towards more experienced traders or those, who at least need more sophisticated trading environment.
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