Best forex brokers 2017 / ETX Capital.com scam or not? Review

ETX Capital.com scam or not? Review

ETX Capital is an online broker headquartered in London. The establishment of the company was carried out already in 2002. ETX Capital is acting as a subsidiary of Monecor, a publicly traded, existing since 1973 company. ETX Capital provides not only the opportunity to currencies, stocks, indices and commodities to act as CFDs, but also bonds and ETFs. It must be noted that even forex now can only be traded in CFD. It is particularly noteworthy that this action can be taken with very small trade sizes. Thus, in the forex area mini- and micro-lot traded and indices from 1 € / point. This is likely to meet most trading beginners, the offer is valid for both individuals and businesses.

At first glance, the ETX Capital test it quickly becomes clear that this is an experienced broker at ETX Capital. The website of the broker is clearly structured and makes it easier for the beginner to quickly get to grips. Registration is easy and simple, so that even in a short time the wide range of the broker can be used. Initially missing hints and tips offered for criticism on the part of customers, so the broker has expanded steadily over the years its training activities. Meanwhile, the broker in this field can score with a solid base. As negative customer might lack chat help feeling that is when many brokers already standard.


The strengths and weaknesses of ETX Capital

  • + Minimum deposit is not required
  • + Free Demo Account facilitates easy entry
  • + Very wide range of underlyings
  • + Mobile Trading is offered
  • — No chat support to customers possible.

1. Regulation — safety from London

ETXCapital Seat and regulation - safety from London

The broker ETX Capital paid extra attention to an equally seamless as comprehensible customer support in multiple languages. The large number of tradable underlying assets of the broker offers its customers a very good and broad-based basis of reference values. Competitive prices should ensure that interested parties can use the offer and test the versatility. ETX Capital is a subsidiary of Monecor Ltd. with the headquarters in London. Authorised and regulated is the Monecor LTD on the HM Revenue & Financial Conduct Authority (FCA). ETX Capital promotes transparency, from which one can be convinced on the website. To be found there as extensive and detailed Legal Conditions and Risks, which are also available in German.

Important points for potential customers search for security and data protection are when choosing an online broker. Therefore Capital Test is specifically addressed thereto in ETX. A glance at the website of ETX Capital makes it clear that the provider relies on clarity and clear information. In the data protection area experienced customers that the data received will be used by the broker relating exclusively for account management and for inquiries about the improvement and information broker. Important to know: If justified reasons it may happen that some personal information to be disclosed when financial audit shall be undertaken in the course of normal business. The transmission of data via a secure data encryption and server authentication. A store credit card information on the website does not occur.

Also the protection of customer funds to ETX Capital expresses on the website. The calculation of the capital daily. The of client funds performed in separate accounts and are thus separated from the funds of the broker itself. Customer funds can not be taken for a possible settlement of accounts by the bank to complete. This assurance applies only to residential customers and does not apply if the bank where the customer funds are deposited, insolvent goes. Business customers bear the risk than unsecured creditors of ETX Capital. Additional security of customer funds is carried out by the Financial Services Compensation Scheme. Pro customer the assurance in this case is up to 50,000 GBP. Our opinion about ETX Capital in terms of security and privacy so that has proved very positive.

  • Regulation by the Financial Authority FCA
  • Client funds are kept separate from company funds


2. The ETX Capital Test: Good trading platform with many underlyings

ETXCapital The ETX Capital Test: Good trading platform with many underlyings

The trading platform is an important basis for the decision of a prospective. All transactions from merchant run via the trading platform. This should be clearly structured, comprehensible and practical, have sufficient speed and provide the right opportunities for both beginners and advanced. As part of our ETX Capital tests we tested the MetaTrader4 with variable spreads and broker own trading platforms. When Metatrader4 is a widespread standard platform with a variety of different ways to configure. In addition, the ETX Capital ETX trader with fixed spreads and the ETX Trader Pro offers with fixed and variable spreads. In addition to the web-based platform, it is possible for mobile trading. This is for iOS and for Android devices available in the form of an ETX Capital App and allows trading from even while traveling. Here can be made of the full access to your account, such as ETX Capital Experience.

The ETX Capital experiences make it clear that the wide range of underlying instruments in trading in the foreground of the broker is. As before, there are many online brokers that offer a significantly lower range of underlyings. At ETX Capital, the customer can, however, look forward to a great variety. All currency pairs, the company offers currently in the test more than 50 currency pairs, can be selected from those. The known majors are available as well as unusual currency pairs, which are ideal for all customers with a penchant for the unusual. In addition to the currency pairs are more than 3,000 different stocks for CFD trading. Among commodities are not only the standard metals available, but the broker divided here in metals, energy and soft commodities such as cotton and soybeans. For sicherheitsbewusstere customers are more than 70 different ETFs and funds to choose from.

  • Various trading platforms for different needs
  • Many underlying even more diversity


3. The ETX Capital experiences show: Very fast account opening

If you decide to open an account at ETX Capital, can choose between four platforms. ETX Binary is all about execution options of 60 seconds, as the test shows. The platform Recommended for all customers who wish to seek security and most lose their use. ETX Trader fixed spreads are a low risk available. ETX Trader Pro offers solid and flexible spreads and is especially suitable for experienced traders. The classic ETX MT4 with advanced chart features is suitable for all traders who would like access to automation functions or use the Metatrader4 as standard software. The account opening procedure is similar in all four platforms. It starts with an interrogation of the general data for the opening of a customer account. In the next step, the customer can then choose one of the payment methods offered. For the verification, according to our experience with ETX Capital, the disclosure of any personal information required. Only after the verification may also be traded on the platform.

To act at all, it is necessary first of all to make a minimum deposit. Depending on the broker, there are various options for the deposit. At ETX Capital different ways are available:

  • Bank Transfer
  • Visa-Card
  • Master-Card
  • Maestro-Card
  • Solo-Card


Withdrawal Options at Home Capital The payout at ETX Capital is exclusively made on a bank account. The broker shall pay any money on credit cards and also to third parties. The payout must be requested separately from the personal account every time. A minimum amount on deposit is not required by ETX Capital.

  • Choice of four different trading platforms during the registration possible
  • Payment is made through the bank account


4. Customer Service at ETX Capital-fast support and high bonus

Customer Service at ETX Capital-fast support and high bonus

On a good customer service, great importance is placed with the broker and the flows into the ETX Capital-assessment. Although still is no chat function for direct answers to the questions are available, the German- and English customer service representative can score on the phone. There is also a separate page dedicated exclusively to the customer support at ETX Capital. Here the most popular questions will be answered at a glance. A further advantage is the division of the support to the individual platforms. For each platform is available on the support website a special section, which deals with the possible questions — also a plus in our review ETX Capital. In addition, there is the possibility to write the customer an e-mail form directly.

Many customers understand the opportunity to take advantage of bonuses and incentives under a good customer. Especially for new customers should investigate the ETX Capital Bonus. How high the bonus fails, depends on the made deposit to own account, as the test shows. If you deposit 1,000 euros to 2,999 euros, the bonus is 30% of the amount. Overlying Proceeds bring a bonus of 50% for new customers. The maximum is limited to a bonus amount of 6,000 euros. The activation is done through a customer service representative and must be requested separately.The bonus is paid out with a trading volume reached 300% in the amount of the bonus amount.

  • Fast customer with a free hotline
  • Bonus for new customers is offered


5. The educational opportunities at ETX Capital: Learning in demo account

ETXCapital The educational opportunities at ETX Capital: Learning in demo account

Especially for new customers who have not yet so strongly dealt with the subject of trading and have no experience, provide the educational services with a broker is an important criterion. But also advanced like learning new strategies and techniques in order to use them for themselves. Over the years ETC Capital has significantly expanded the educational opportunities and offers for customers now have a wide choice. There are seminars and events and webinars available that can be used by users to complete, to enhance their own experience. In addition, there is a weekly overview of the market and a news agency in real time.

Not to be underestimated is the advantage of a demo account, as our experience with ETX Capital show. The demo account ETX Capital has a term of up to 14 days. It allows interested new customers to familiarize themselves with the trading platform and to test first trades — without loss of money. The demo account is available for all trading platforms, except for ETX Capital Binary.

  • but Versatile training offer web-based with events
  • Demo account for an introduction to the Trading


6. The ETX Capital reviewed Our conclusion after ETX Capital Test

The big ETX Capital Test makes it clear that this is a broker with experience and a feel for the customer. Already the opportunity to take a practice account for the different platforms in claim, speaks for itself.In addition, the broker provides extremely many benchmarks in 5 asset classes that go far beyond the range of other CFD broker. But also the possibility to choose between 4 trading platforms, ensures that feel good beginners and advanced here. Security and data go out of ETX Capital-test report shows as positive, as the protection of customer funds. In the test of ETX Capital is clear that trading platforms are laid out clearly understandable and well suited for beginners. The ETX Capital-Bonus for new customers is fair and comes in CFD broker comparison gone well. Our review of the broker is therefore particularly positive and we awarded 9 out of 10 due to lack of chat feature.
ETX Capital is an online broker headquartered in London. The establishment of the company was carried out already in 2002. ETX Capital is acting as a subsidiary of Monecor, a publicly traded, existing since 1973 company. ETX Capital provides not only the opportunity to currencies, stocks, indices and commodities to…

Summary

Reliability

Not a scam

ETX Capital is not only a high-class broker, but also an official England bank with licence of the BaFin and ECB.

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