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About the company:
ETX Capital was established in 2002 under the name of Tradition UK. In 2008, the company’s name was changed into ETX Capital. Today, it is a licensed and regulated broker that offers its clients lucrative and flexible trading conditions. The company has been rewarded several times for the best online trading conditions. During the last years, the broker’s services became available for traders from Europe, Asia, and Russia. However, US citizens still cannot trade with ETX Capital.
Trading conditions
The main advantage of the company is low spreads on the main currency pairs. Traders can also choose such trading instruments as shares, contracts, binary options, and commodities. A rather small minimum deposit of $100 is the second competitive advantage of the broker. Besides, the company offers its new clients free education and a welcome bonus. However, ETX Capital seldom holds contests and campaigns.
Trading platforms
The company’s clients can perform deals by means of the MetaTrader4 and TraderPro trading platforms. TraderPro was developed by ETX Capital specially for the binary trading.
Customer service
The broker’s support service is available during working days from 07.00 to 21.00 British time. On the company’s website in the Expert support section, traders can make use of the search field and a list of the most frequent questions. In the Contact Us section, traders can find all necessary information such as telephone numbers and email address to contact the customer service.
Deposits and withdrawals
The company’s clients may top up their accounts or withdraw funds by means of wire transfer, credit cards, and such payment systems as Skrill, Neteller, and UnionPay. The processing of a withdrawal request takes five working days. Traders should pay commission to deposit funds. However, they can withdraw no more than £100 without any commissions.
Comments left by traders
Despite the fact that the broker has been providing its services for many years, traders do not have a clear opinion about it. The company failed to gain popularity in some countries. That is why it is difficult to find reliable feedback. At the same time, traders complain about order execution and support services. Besides, the company’s clients are confused about a complicated account opening. The fact is that the broker requires an income declaration.
Advantages and disadvantages of the broker
Pros:
- regulated company’s activity;
- small minimum deposit;
- demo account;
- decent trading platforms.
Cons:
- uninformative website;
- one account type;
- only few ways to contact the support department;
- few comments about the company.
Conclusion
Summing up, ETX Capital is quite a reliable broker. At the same time, we cannot say that the company has gained an excellent reputation. Choosing a broker, traders are recommended to learn carefully all comments about the company’s services in order to make the right decision.
