UA-93896423-1 Review of ETX Capital - Spread Betting Broker Comparison

Review of ETX Capital

 ETX Capital – solid all rounder, tight spreads, charting & technical analysis (read review)

In our review of  ETX Capital who are based in London they can trace their roots back to 1965 as Monecore Ltd.  The firm has traded previously as TradIndex but since being acquired by venture capitalists the firm was renamed ETX (Electronic Trading, Telephone Trade and Execution Services).   The asset class offering is fairly standard and the educational tools seem to do the trick if you are after basic information.

Since 2012 the platforms and service have significantly improved.  Largely due to an investment in the firm’s technology.  This has made ETX Capital one of the best spread betting brokers around.

What platform to choose?

ETX provide access to MT4 as well as their own spread betting trading platforms ETX Binary, ETX Binary, ETX Pro and ETX MT4.

It’s best to make the right choice from the outset.  Here is a quick overview of the platforms:

ETX Trader Pro Review

This is the best choice.  It offers tight variable spreads that are based on market prices.  The product range is the widest available and covers most asset classes.  The platform is web based so can be accessed anywhere.  It comes with some fairly heavy duty technical tools and order types.

ETX MT4 Review

Get access to the worlds best automated FX trading platform through ETX MT4.  There is not much to say as you either love MT4 automation or not.  If you do then choosing ETX as your liquidity provider and brokers is down to what you think of ETX Capital as a company.

ETX Binary Review

If you fancy a punt on the up down movement of an FX pair, stock or index and want to limit your risk binary options are a good choice.  They differ from spread betting where profits and losses are open ended, instead you place a yes or no up and down bet with return up to 90% of your stake.

New Account Welcome Offer

The FCA no longer permits welcome bonuses so none available

Company History

ETX is one of the leading brokers in the spread betting industry. Founded in 1965 they began by servicing foreign exchange institutional clients then in 2002 started to focus more on offering professional grade services to private clients. The firm is privately owned, fully FCA regulated and authorised. As well as client funds being protected under the FSCS scheme deposits are also help in investment grade segregated banks.

Key Features

  • Four platforms to choose from Trader Pro, MT4 & Binary
  • Market leader and one of the largest brokers
  • Added value includes technical analysis, market commentary and economic data.
  • Huge market range including, US, Asian and European stocks (as well as UK, FX, Commodities, Indices and Fixed Income)

Rebate Scheme

Nor currently available –

Range of Markets

  • Over 5,000 products to trade
  • Indices, FOREX, Equities, Commodities and Fixed Income
  • They will added new assets on request

Spread Width

Some of the tightest spreads in the industry:

  • EURUSD: 0.7 pips
  • GBPUSD: 0.9 pips
  • Wall Street: 1 point
  • FTSE 100: 1 Point

Plus Points

  • Big Broker
  • Big market range
  • Big added value
  • Mobile trading

Negative Points

  • Separate platforms can be annoying

Trading Platforms

Go for ETX Pro, it is by far the best and most versatile platform on offer.

  • ETX Pro
  • ETX Binary
  • ETX MT4

Verdict

One of the best brokers in town, established, trusted with good technology, customer service and ongoing data and education.

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