ETX Capital has more than 50 years of capital market experience. Monecor London Limited was founded in 1965 and has subsequently expanded into numerous markets until merging its activities in 2008 under the business name ETX Capital. It now offers CFD trading and spread betting on over 6,000 assets in 23 different instruments. Forex, indices, equities, commodities, and cryptocurrencies are among the items currently accessible.
ETX Capital isn’t the biggest player in the industry, but it does a good job of providing flexible and competitive services while focusing on its core competencies. Its proprietary platform, which includes over 6,000 markets to trade, has various unique features and is very user-friendly. Traders can benefit from competitive and transparent pricing for secure market access using this platform, knowing that ETX maintains a very rigorous regulatory system.
It’s always a good sign when a brokerage platform provides properly laid out information of transparent price charts.
In terms of commissions and costs, ETX Capital has received high scores.
The proprietary TraderPro platform features narrower spreads than the MT4 version, which should be noted. Another reason is that pricing is generally transparent, with FX pairings, for example, being given commission-free.
Another benefit of the TraderPro platform is the field between the Sell and Buy buttons, which shows the spread between rates and bids in that market. Considering the competitive prime rates, transparency and free guaranteed stops, it’s clear that the commissions and fees offered are a major plus for ETX.
ETX Capital provides traders with two major platforms to choose from. One option is the industry standard MetaTrader 4, which is well-known and well-liked by many traders. ETX’s own platform, ETX TraderPro, is the second platform and their main offering. ETX TraderPro recently received a substantial update. TraderPro proved to be dependable in our tests and featured a number of handy features that made for a pleasant experience. There are also a few bugs to report, which we hope will be rectified if they don’t interfere with trade.
Overall, I like TraderPro since it’s simple to use and the move to trade execution is simple. It appears to be a platform aimed towards traders that do technical analysis.
One of the most appealing features is the ability to instantly duplicate each chart for the same instrument, but with different candlestick time intervals set for different time periods. We produced a display for the Germany 30 market in only a few clicks that compared the same market for 1 day, 1 hour, and 5 minutes.
Setting the USDJPY chart to an 8-screen variation meant that the display showed time periods ranging from 1 m to 1 week.
The site does not offer live chat and instead directs traders to send inquiries via email or phone. We noticed multiple cases throughout our trade testing where we would have liked to write an email rather than call, therefore we’ll presume that the support isn’t the most convenient.
While having only one way to contact support may appear to be limited, the employees we interacted with were quite knowledgable and helpful. They swiftly provided answers to our technical issues and were quite responsive to requests for trade execution management. ETX Capital offers assistance in English, German, Spanish, French, Polish, Czech, Greek, and Chinese, among other languages.
ETX appears to take a thoughtful and concentrated approach to what they offer, despite the fact that the area in which they operate is getting increasingly competitive. Their strength, ironically, comes from the fact that they are not attempting to be all things to all trades.
It’s easy to call them out because of the small quantity of research they provide or the systemic flaws that have yet to be addressed, but their core product is still quite excellent. They will continue to attract a certain type of trader by establishing an unusually strong regulatory framework. If you’re searching for a big number of assets to trade, tight spreads, and a simple trading platform, you might be the type of trader ETX is looking for.