ETX Capital Review
ETX Capital is the trade name used by Monecor Ltd. It is a UK based broker established in 1965 and in its long life it has managed to develop a superlative reputation for reliability, trustworthiness and great features. Lending it extra credibility is its authorization and regulation by the Financial Services Authority and its London Stock Exchange membership.
Platforms
Many customers using ETX Capital will likely choose to use the highly regarded MT4 platform for their trading. MT4 is about the most well-known and highly reliable trading platform available and has essentially become the industry standard among brokers. Not only does the fact that this platform is so popular demonstrate its popularity, it also ensures that there’s no shortage of support or advice on its use. Many experienced traders will already be very well versed in the use of MT4 meaning they won’t have to learn a whole new platform – but for those who are starting out MT4 is the smartest place to start. There’s a mobile app too which is also a great advantage. Best of all, unlike many other brokers, ETX Capital does not charge any commission if you choose to use MT4.
Alternatively you can choose to use ETX Capital’s very own platform which is designed specifically for the advanced trader. It has guaranteed stops to aid risk management and provides incredibly insightful trade-through-charts technology. It is highly customizable and again there are iPhone, iPad and Android versions available for those who want to trade on the move.
Reliability
As far as reliability goes, ETX Capital is pretty much second to none. Not only does this company have one of the longest histories ensuring they’re bringing plenty of experience to the table but they also subject themselves to a lot of regulation such as FSA regulation. All transactions and communications are completely encrypted and secured and they have a fantastic reputation and unbeaten customer service that is available around the clock.
Depositing and withdrawing money is also incredibly quick and simple. All the most common forms of payment are accepted and withdrawals process quickly meaning you don’t have to wait to get your money in your account (a frustration that you might encounter with numerous other brokers).
Features and Advantages
ETX Capital have a number of extra features that make them particularly appealing. One great advantage of this broker is the fact that they have completely removed the minimum deposit required by the vast majority of brokers. This means you can start trading at lower costs. They also provide a number of different tradable instruments which include stocks, Forex pairs, commodities, bonds, interest rate futures and indices.
Then there is the integrated charting and research tools which is excellent for building tailored indicator features and testing strategies. They also offer some very low commission rates and fixed spreads, high leverage and great customer support.
In terms of education, you get a free ‘newswire service’ and lots more. All in all, this is a company that offers everything you might reasonably expect from a broker, that has an amazing track record and that lets you profit without imposing high fees and commissions.