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ETX Capital Review

What are You Looking for in a Broker?

 

ETX Capital offers clients a choice of three different platforms, of which ETX Binary is the newest, having enjoyed significant popularity since its launch in 2014. ETX Binary offers a wide selection of Binary products to traders, and Binary traders with ETX Capital can take advantage of the free Binary trading seminars and webinars available to ETX Capital clients.

 

Trading Software

With a highly interactive interface, the ETX Binary platform is easy for traders to get to grips with. Traders can select from different Binary formats, including ‘one touch’ and ‘high-low’. There are a significant number of binary products to choose from, including Forex pairs, Indices, Commodities and Stocks. As well as those Binary products which have long-term expiration points, ETX Capital also offers short-term Binary options, allowing traders to select from a range of short expiry times, including 60 seconds, 90 seconds, 2 minutes, 3 minutes and 5 minutes. The potential payout calculator allows traders to check their potential profit if a trade is successful, prior to placing the trade itself. Certain options also allow traders to close an open position prior to its original expiry time, and take the resultant reduced profit or loss.

The return on winning trades can range from anywhere between 72% and 100%. Losing trades result in the loss of 100% of the amount placed in the trade.

Bonuses

ETX Capital offers some generous bonus deals to new clients. These may change at various points, but at this time new clients get a £20 sign-up bonus when they register, as well as a tempting first deposit bonus – a first deposit of £100 will result in a bonus of £100, whilst larger first deposits can result in larger bonuses, with a ceiling of £3,750.

 

Deposit Methods

As well as regular bank transfers, ETX Capital clients can also deposit via debit/credit card or use e-money services like Neteller and Skrill.

 

Customer Support

ETX Capital offers 24-hour customer service during the financial week, with clients able to call or e-mail. Each trader is assigned a personal relationship manager, allowing them a level of personal communication that sets them apart from some other providers. Free-call numbers are available in a number of different countries. Check out the ‘contact us’ page on your local-language ETX Capital Website.

 

Products

ETX Capital offers a wide range of products, including more than 15 different Forex pairs (with major pairs such as EUR/USD, GBP/USD, USD/JPY and many more). ETX Binary users can also trade on a number of commodities, including Gold, Copper, Brent Crude and Wheat. A considerable number of both Indices and Shares are also available to trade on.

 

The Final Word

ETX Binary is part of ETX Capital, a well-established financial brokerage based in central London. The firm is authorized and regulated by the Financial Conduct Authority (FCA).

The well-laid out platform, high quality customer service and educational opportunities come together in a n appealing package, which makes ETX Binary a primary contender for consideration when choosing a Binary platform.

 

ETX Capital Pros and Cons

 

Pros

  • Easy to Use Platform
  • Wide Selection of Products
  • 24 Hour Customer Service
  • Free Educational Seminars and Webinars Available to clients

 

Cons

  • No US traders permitted

Rate of return for winning trades on some products is under 80%

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