ETX Capital review

Find out what ETX Capital has to offer and some pros and cons

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.18% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

ETX was founded in 1965. It dedicates itself to constantly matching and exceeding its competitors and reacting to its clients’ ever-changing needs. ETX offers two industry-leading platforms, a wide range of markets and competitive spreads to help its traders have the best possible trading experience. Find out more about ETX Capital, what markets you can trade and some pros and cons of ETX Capital.

What is ETX Capital?

ETX Capital is a CFD trading provider. It lets you trade shares, indices, forex and commodities. You can use the TraderPro and MT4 trading platforms with ETX. It also has free trading education, competitive spreads, flexible leverage and access to thousands of tradable markets.

Some features and tools include:

  • Sentiment mapper. This lets you see how other traders are trading.
  • Education. This is a collection of training modules, downloadable files and video commentary to help you understand CFD trading.
  • Automated trading. You can use APIs and extensions to use robots and expert advisors (software that indicates when to make trades or automatically initiates the trades).
  • Trade on the go. Technology across multiple devices
  • Daily security checks. These ensure client fund safety

ETX Capital platforms

With ETX Capital, you can trade with some of the leading platforms. Find out more about ETX TraderPro and ETX MT4.

ETX TraderPro

  • Suitable for both experienced and beginner investors
  • Advanced trading features
  • Sophisticated charting tools
  • Access historical data
  • Volume indicators
  • Guaranteed stops
  • News feed

ETX MT4

  • Suitable for most types of investors
  • Desktop, mobile and web platforms
  • Advanced trading tools
  • 3 execution modes: instant, execution on request and execution by market

What can you trade with ETX Capital

With ETX Capital, you can trade:

  • Forex
  • Indices
  • Shares
  • Commodities

We’ve gone into more detail about the markets available below.

Forex

ETX Capital lets you trade foreign exchange (FOREX) currency pairs. Some main features of Forex trading with ETX Capital include:

  • Trade on 60+ major, minor and exotic currency pairs
  • Tight spreads
  • Instant execution
  • Latest news and information with FX Education

Forex spreads

Currency pair Average Spread
AUD/USD 1.21
EUR/CHF 2.6
EUR/GBP 1.4
EUR/JPY 1.49
EUR/USD 0.81
GBP/EUR 2.69
GBP/JPY 3.87
GBP/USD 1.58
NZD/USD 2
USD/CAD 2.17
USD/CHF 1.62
USD/JPY 1.06

The average spread is defined as the mean time weighted spread that was available for trading and executions between 06:00 and 24:00 during the calendar month of May 2018.

Indices

ETX Capital offers a variety of ways to trade indices on the world markets.

  • Competitive spreads from 1 point
  • More than 20 indices
  • Instant execution
  • Access news and analysis

Indices spreads

Index 23:01 – 07:00 07:00 – 08:00 08:00 – 16:30 16:30 – 21:00 21:00 – 21:15 21:31 – 22:00
Australia 200 Variable Variable Variable Variable Variable Variable
Euro Stocks 50 6 2 2 2 6 6
France 40 6 2 1 2 6 6
Germany 30 6 2 1 2 6 6
Italy 40 8
Japan 225 8 + market 5 + market 5 + market 5 + market 5 + market 5 + market
Spain 35 6 6 6 8
SP 500 0.5 0.5 0.5 0.5 0.5 0.5
Switzerland Market Index 2 + market 2 + market 2 + market
UK 100 6 2 1 2 6 6
US Tech 100 2 2 2 1 1 2

Shares

You can trade thousands of stocks and shares with ETX Capital. Some features include:

  • Spreads from 0.1% on companies such as Facebook and Apple
  • Trade shares in more than 20 countries
  • Advanced charting tool
  • Free reading education

Shares commission

Country Margin Rates From
Australia 0.2% (min AUD 15)
Eurozone 0.1% (min EUR 10)
Czech Republic 0.1% (min CZK 300)
Denmark 0.1% (min DKK 100)
Hungary 0.1% (min HUF 3500)
Norway 0.1% (min NOK 100)
Poland 0.1% (min PLN 50)
Singapore 0.4% (min SGD 15)
Sweden 0.1% (min SEK 100)
Switzerland 0.1% (min CHF 10)
UK 0.1% (min GBP 10)
US 2 cents (min USD 15)

Commodities

You can trade a range of commodities with ETX Capital, including gold and silver.

Commodity spreads

Commodity 23:00 – 07:00 07:00 – 21:00 21:00 – 22:00
Gold 0.4 0.4 0.4
Silver 0.4 0.3 0.4
Brent Crude Market + 0.03 Market + 0.03 Market + 0.03
Nymex Crude Market + 0.03 Market + 0.03 Market + 0.03
Natural gas futures 0.02 0.02 0.02
Copper futures 0.4 0.4 0.4

ETX Capital fees

The main fees are for overnight funding. This fee depends on what you’re trading and the value of the trade. We’ve covered commission in the shares section above.

ETX Capital spreads

Each of the individual sections above have more detailed information on the spreads you get with ETX Capital, but here’s the gist:

Investment typeSpread
ForexFrom 0.6 pips
CFDsFrom 0.5 pips
EquitiesFrom 0.08%
CommoditiesFrom 0.025 points
IndicesFrom 1 pip

How safe is ETX Capital?

ETX Capital is a trade name of Monecor (London) Ltd which is a member of the London Stock Exchange. It is authorised and regulated by the Financial Conduct Authority (FCA). ETX Capital is also registered with the Financial Services Compensation Scheme (FSCS) whereby in the case of liquidation clients can be compensated up to £80,000 by the Financial Services Compensation Scheme (FSCS).
ETX Capital maintains all client funds in segregated bank accounts and carries out daily security checks to ensure client fund security.

Pros and cons of ETX Capital

Pros

  • Demo account
  • Trading tools
  • Good educational resources
  • Use leading trading platforms
  • Zero commission stock trading

Cons

  • Different fees for each type of investment

Our verdict: Is ETX Capital any good?

ETX Capital is a really comprehensive trading platform with some excellent resources that can help you learn more about how trading works. Its demo account is a nice touch, and can let you practise some strategies.

We liked that the fee structure is transparent, albeit not very brief, and it’s great that you can use the TraderPro and MT4 platforms to trade.

Compare CFD trading platforms

Table: sorted by promoted deals first
Name Product Min. deposit Spreads Currency pairs
ETX Capital
£100
Variable spreads
60+
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.18% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Plus500 CFD
£100
Fixed spreads
70+
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
eToro CFD
eToro CFD
$200
Variable spreads
52
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Fineco
No minimum deposit
Fixed spreads
50+
Trading212
Finder Award
Trading212
£10
Variable spreads, fixed spreads
150+
Join and receive a free share worth up to £100. (T&Cs apply).
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Warning: all trading involves risk. Losses can exceed deposits. Spread bets and CFDs are leveraged products and can result in losses that exceed deposits. The value of shares, ETFs and ETCs bought through a share-dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Please ensure you fully understand the risks and take care to manage your exposure.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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