ETX Capital Review – Reliable Broker or Scam?

ETX Capital Review: This broker is a subsidiary of Monecor London Limited. Monecor London Limited was founded in 1965. In 2002, the company entered the retail derivatives market through a subsidiary called TradIndex. This subsidiary later changed its name to the ETX Capital of today. In this article, discover our review and those of its clients regarding the ETX Capital broker.

Who is ETX Capital?

If you broker ETX Capital is very present in England, it has also decided to develop its activities in Russia and Asia. To date, ETX Capital provides traders with access to over 5 global markets. It also claims more than 000 customers around the world.

ETX Capital is a Market Maker type broker. In addition, the FCA regulates its activities. Currently, it offers several assets including Commodities, Forex, Stocks and Indices. While its services are only offered in English, its technology has received numerous awards. ETX Capital also stands out for the quality and freeness of its educational material accessible to novice traders.

Awards Received by ETX Capital

ETX Capital's platforms, tools and training have won many awards. Moreover, in the past two years, the broker has received the following awards:

in 2020:

• the “Best Forex Trading Support – Europe” prize was awarded to it by Global Forex Award Retail,
• during the "Shares Awards", Shares Magazine awarded it the prize for "Best Mobile/Tablet Application"

in 2019:

• the “Best Trading Education” prize was awarded to it during the Shares Awards,
• during the Online Personal Wealth Awards, ETX Capital received the "Best Trading Tools" award,
• ETX Capital also received the Best Trading for Professionals award given to it during the Online Personal Wealth Awards,
• the broker also received the award for Best Trading Platform, awarded at the Professional Trader Awards,

in 2018.  :

• at the Online Personal Wealth Awards, ETX Capital won the "Best Education" award,
• the Shares Awards awarded it the “Best Online Trading Platform” prize,
• ETX Capital also won the “Best Trading Platform” award from the Online Personal Wealth Awards,
• at the UK Forex Awards, the broker received the award for Best Forex Trading Platform.

ETX Capital Broker in Key Figures with Notes

ETX Capital Broker AMF or not?

The broker ETX Capital is placed under the authority of the FCA in the United Kingdom. As a result, it is authorized to fully offer its services throughout Europe, including in France. Moreover, it is one of the brokers authorized by the AMF.

Does the ETX Capital France Broker exist?

The ETX Capital broker is based in London. Although it does not have offices in France. French traders have full access to its services. However, unlike other brokers such as eToro, ETX Capital does not have a website translated into French.

ETX Capital Regulation

ETX Capital is an authorized and regulated broker. Moreover, its parent company Monecor London Ltd is a member of the London Stock Exchange. It has obtained authorization from the Financial Conduct Authority or FCA in the United Kingdom, which regulates it. It is registered under number 124721 with the Financial Services Registry.

What Protections for Client Funds in 2025?

ETX Capital has taken the following steps to protect the funds deposited by its clients:

• the broker deposits all client funds in separate accounts, and more specifically with regulated banking institutions. As a result, traders have access to their funds at all times,
• in the event of the insolvency of ETX Capital, it is not authorized to use the funds deposited by clients to reimburse its creditors,
• in the event that ETX Capital is unable to reimburse its clients' funds, the Financial Services Compensation Scheme or FSCS will compensate eligible clients up to £85,
• ETX Capital offers negative balance protection for retail traders.

Can we trust ETX Capital Broker in 2025?

• In addition to its notoriety in England, the broker ETX Capital, its platform and its services have received numerous prizes and awards,
• ETX Capital is authorized to offer its services legally. Moreover, the broker is subject to the regulations in force. In addition, the FCA regulates its services,
• the ETX Capital broker has several years of experience in the field.

So, in our opinion, traders can trust ETX Capital.

Deposit and Withdrawal Options at ETX Capital

Here's everything you need to know about deposit and withdrawal trading at ETX Capital.

Deposits

With ETX Capital, deposits are free of charge.

• Deposit Means

ETX Capital authorizes the following means of deposits:

• bank transfer,

Traders can deposit funds in currencies such as GBP, USD, EUR, ZAR, SGD, SEK, RON, PLN, NOK, JPY, HRK, HKD, DKK, CZK, CHF, CAD, and AUD. Funds are available within 2 hours of receipt if received during business hours.

• Visa and Mastercard debit or credit cards,

Traders are allowed to deposit funds in GBP, USD, EUR, ZAR, PLN, NOK, DKK, CZK or CHF. The credit of the account is immediate,

1. Skrill
2. Neteller,
3. UnionPay.

Filing Procedures

To make a deposit with the ETX Capital broker, the account user must follow these steps:

1. Login to your account,
2. Click on their profile
3. Fill in the amount to be deposited,
4. Follow the instructions of ETX Capital,

With ETX Capital, deposits made by third parties are not permitted. Indeed, each deposit must be made by the account holder himself, and this from an account or a bank card in his name.

Withdrawals

If withdrawals are less than £100, or currency equivalent, ETX Capital applies a standard processing fee of £10.

On the other hand, with ETX Capital, every client is entitled to five free monthly withdrawals of more than £/$/€100. Beyond this number, traders will have to pay a £10 fee for each additional withdrawal.

• Means of Withdrawal

In an effort to minimize the risk of money laundering, ETX Capital requires funds to be returned to the card or account used when depositing. In some cases, the broker may need to request additional documents such as a bank statement before proceeding with the withdrawal desired by the trader.

• Withdrawal Procedures

To withdraw with ETX Capital, the trader must follow these steps:

1. Log in to your ETX Capital account,
2. Go to his profile,
3. Tap on “Show more options to manage funds”,
4. Choose the option "Withdraw funds",
5. Fill in the amount to be withdrawn,
6. Press "Continue".

Once the withdrawal request is confirmed, ETX Capital proceeds to process it. The broker then sends an e-mail to confirm the operation.

The Provision of Funds

Withdrawal requests sent on a business day and before 14 p.m. to ETX Capital are processed the same day. In addition, the availability of funds will depend on the country and the method of reception used:

• For traders located in the UK:
• if by credit card: 2 to 5 working days,
• if by bank transfer: within 24 hours,
• Skrill, Union Pay or Neteller: within 24 hours.
• In case the trader is located in Europe:
• if by credit card: 3 to 5 working days,
• if by bank transfer: within 3 working days,
• Skrill, Union Pay or Neteller: within 24 hours.
• In case the trader is located in the rest of the world:
• if by bank card: up to 7 working days,
• if by bank transfer: up to 7 working days,
• Skrill, Union Pay or Neteller: within 24 hours.

ETX Capital Broker Fees

In general, it is essential to know the fees charged by a broker before opening an account. Here are those of the broker ETX Capital.

ETX Capital Spreads

ETX Capital stands out for its low fees. These can also be fixed or variable.

• Spread ETX Capital Forex

Here are examples of ETX Capital forex spreads:

• Spread ETX Capital Commodities

Here are some ETX Capital commodity spreads:

• ETX Capital CFD Spreads on Stocks

Here are some ETX Capital fees on stock CFDs:

• Spreads ETX Capital Indices

Here are some examples of ETX Capital spreads on stock indices.

• ETX Capital Fees

ETX Capital does not charge commissions regardless of the asset traded and the trading platform chosen by its client. These fees are already included in the spreads.

ETX Capital Swaps

ETX Capital charges Swaps for positions held overnight (at 22pm UK time). It calculates its fees according to the “tomorrow-next day” interbank market rate to which it adds a standard commission of 1,35% per year. In addition, positions held overnight on a Wednesday must be swapped for three days.

Currency Conversion Charges

If the trader deposits funds in a currency different from that of his account, ETX Capital must convert them. Also, if this process is required, the deposit will take longer to be credited to the trading account.

Inactivity Fees

An account is considered inactive if it shows no trading activity for a continuous period of 6 months or more. ETX Capital then levies a monthly inactivity fee if an account has remained inactive and in the event that funds are available there. As a fully FCA-regulated broker, ETX Capital imposes these fees to prevent money laundering.

The inactivity fee is £25 or its currency equivalent. Please be aware that ETX Capital charges inactive accounts at its discretion, based on a number of account factors.

ETX Capital deducts this inactivity fee from the inactive account until:

• The trader restarts his trading activities on the same account,
• The account holder proceeds to close it,
• ETX closes the account,
• The account balance has become zero. The inactive account will not result in a negative balance as a result of monthly inactivity fee debits.

ETX refunds inactivity fees taken during the previous three months if the trader decides to reactivate their account and trade again.

ETX Capital Account Types

At ETX Capital, traders can have more than one account. For example, they can open an account for each trading platform available. In any case, ETX Capital allows you to hold up to 5 trading accounts.

To open an additional account, you must follow these steps:

• Connect to your existing trading platform,
• Go to "Profile",
• Sign up for additional accounts.

Moreover, ETX Capital does not allow access to an Islamic account.

The Different ETX Capital Accounts

ETX Capital does not, strictly speaking, offer different accounts. Instead, the broker offers several levels of services:

Standard Account

• The minimum deposit is £250,
• Deposits and withdrawals are free,
• The trader benefits from the assistance of the ETX Capital team when opening the account,
• He has access to customer service,
• He also has access to all free ETX Capital training, all online trading courses and trading content
• ETX Capital allows him to access alerts and events on the markets directly in his inbox,
• it has FSCS protection up to £85000,

Premium Account

• the minimum deposit is £1000,
• the trader benefits from all thevantages of the Standard account,
• he also benefits from the services of a dedicated manager,
• it has access to market data and news,
• the trader also has access to third-party technical analysis,
• he has priority access to new products,
• the dedicated manager can place trades on their behalf and keep you informed of your positions,
• ETX Capital gives it access to lower trading fees,
• the trader has priority access to the operational team of ETX Capital in case of concerns during a deposit or a withdrawal.

Professional account

A professional trader with ETX Capital benefits from suitable products and trading conditions. The services made available to him are equivalent to those of a Premium trader. However, its status allows it to benefit from lower margin rates.

To become a professional trader and hold an account in this sense, you must open an ETX Capital account and meet the conditions below:

• you must have relevant experience in financial services,
• during the last 4 quarters, you must have traded at least ten times. Furthermore, the size of these negotiations must be significant,
• you must have more than €500k in cash. Dwelling houses are excluded.

High Net Worth Stocks

• deposits must be over £10000,
• for traders who want to trade primarily stocks,
• has themvantages are the same as those of a Premium account,
• plus fast and efficient global stock order execution services
• traders have access to DMA, Bloomberg Chat and telephone services,
• margin, financing and commission rates are competitive,
• ETX provides them with a highly personalized service delivered by experts.

What Type of Account is ETX Capital Broker Recommended For?

According to our analysis, ETX Capital offers different account types, which can suit both experienced traders and those who are just starting out. The Standard account is aimed more at beginners while the more experienced can turn to the Premium account. With the latter, traders benefit from a significant number ofvantages and services.

The ETX Capital Real Account

To be able to trade with ETX Capital, you must open an account there. Opening an account is quite simple:

• you can do it either online or from the mobile application,
• just click on “create an account”,
• then, ETX Capital asks you to fill in a form with your personal data,
• you can choose the demo account or the real account,
• then ETX Capital asks you to answer a few questions,
• you must then upload the required documents to allow ETX Capital to validate your registration and your account,
• ETX Capital then allows you to start trading once your account has been approved.

To validate your ETX Capital account, you need to provide some documents:

• A proof of identity,
• Proof of address.

FCA regulations prevent ETX Capital from attracting customers through promotions in specific countries. Thus, in Europe, you will not find any etx capital welcome bonus or no deposit.

The ETX Capital Demo Account

With ETX Capital it is possible to start with a demo account. This will be useful for you to learn trading with the broker, to refine your strategies and to familiarize yourself with the platform and the tools at your disposal.

ETX Capital provides you with a virtual credit of 10 units. In addition, you can create a demo account for each broker platform.

To open an ETX Capital demo account, all you need to do is:

• click on the “platform” tab located on the home page,
• choose the "Demo" option,
• follow ETX Capital's instructions.

Proposed Instruments

With ETX Capital, traders have access to over 5 financial assets including:

• over 60 major, minor and exotic currency pairs.
• more than 20 global indices in Europe, UK, US and Asia
• thousands of shares listed in more than 20 countries,
• a wide range of raw materials including metals, coffee, sugar and cotton.

The Proposed Leverage

ETX Capital offers a maximum leverage of 1:200 for professional traders.

However, the broker limits the leverage effect to 1:30 for retail traders in accordance with the rules imposed by etx capital esma.

ETX Capital Platforms

ETX Capital provides its clients with the following platforms:

ETX Trader Pro

With this platform, traders benefit from the tools and features below:

• powerful and advanced graphical tools
• multiple types of multiple charts,
• technical indicators,
• drawing tools,
• dynamic risk management,
• personalized workspaces.

ETX Trader Pro App

ETX Capital offers an ETX TraderPro application with the following specificities:

• app available for Android and iOS,
• to manage your positions, to react to market movements and to place trades wherever you are,
• price alerts,
• notifications to alert you to price movements on the markets of your choice,
• improved cartography,
• watchlists to allow you to make a transaction anywhere,
• interactive charts for easy market analysis,
• the ability to execute trades directly from charts,
• more than 80 technical indicators,
• customizable graphics.

ETX Connect app

ETX Capital clients can use the ETX Connect app. It differs in several respects:

• it is available for free for Android or iOS,
• it must be linked to the MT4 account,
• it is possible to chat with other traders, copy their trades and follow the portfolios of thousands of community members.

ETX MT4

The broker does not have an ETX Capital Metatrader 5 platform. Instead, it provides traders with an ETX MT4 platform whose specificities are as follows:

• it allows to make an analysis of the financial markets,
• with this platform, trading operations are advanced,
• the user can use Expert Advisor trading robots,
• in general, ETX executes transactions in 30 milliseconds or less,
• the trader benefits from the services of automated expert advisors,
• he can negotiate micro-lots there,
• the tool allows to open positions in one click,
• the platform allows hedging.

ETX MT4 Remastered

ETX Capital allows traders to take their MT4 trading experience to the next level. The platform has the following tools and features:

• a Connect tab for instant access to market news, the economic calendar, financial analysis,
• a mini terminal to place orders or to save order templates,
• a trading terminal to allow the trader to manage his account using powerful tools.

Slippage and Order Execution

Slippage can occur when the time it takes for a broker to place or execute the trade is not instantaneous. According to ETX Capital, it executes orders from traders instantly. Moreover, he assures that on average, 94% of ETX transactions carried out on the MT4 platform were executed in 30 milliseconds or less.

ETX Capital Broker Formations

ETX Capital's educational resources have received multiple awards. These are accessible free of charge to anyone who has an account there. ETX Capital offers several types of training suitable for both beginners and those who want to deepen their knowledge:

• weekly webinars to help you optimize your trading strategy. ETX offers a wide range of topics. Some webinars are recorded and can be accessed at any time,
• ebooks that have been written by experienced traders and offer key analysis on the global market,
• platform guides,
• basic trading courses,
• a glossary to learn the words used in trading and their definition.

ETX Capital Broker Analysis Tools

ETX Capital provides traders with several analysis tools:

• trading alerts,
• drawing tools,
• an economic calendar,
• technical indicators,
• ETX Capital's research center team regularly publishes the results of analyzes they have carried out.

How to Become an Affiliate at ETX Capital?

To promote its services and acquire new traders, ETX Capital has developed an affiliate program. The broker also offers several payment plans to its members:

• the CPA plan where the affiliate will receive a fixed payment for each client he has referred, who proceeds to open a trading account with ETX Capital and who deposits funds there. The amount that the affiliate will receive will then depend on the number of traders referred.
• revenue sharing through which the ETX Capital broker distributes a percentage of the revenue it has obtained from clients referred by the affiliate. Through this option, the affiliate gets lifetime income with referred traders. Affiliate can receive up to 40% of revenue generated by referred traders.

If you would like to become an affiliate and join the ETX Capital program, all you have to do is submit the following documents to Monecor:

• if you are an individual: an identity card, a valid passport, proof of address and any other document requested by the establishment,
• if you are a company: a certificate of incorporation, a memorandum and articles of association, tax identification, the list of managers, a copy of the identity document or passport of the main executive director as well as those of the partners, a document ID or passport of the beneficial owner(s) of 25% or more of the company's share capital, any other document deemed necessary by Monecor.

Customer Service Notice

According to our investigation, ETX Capital's customer service provides quite satisfactory services. Moreover, according to the customer reviews we have collected, the broker has received good ratings several times.

Here is a table summarizing some ETX Capital reviews its customer support.

Source: Trustpilot

Broker Comparison by Customer Service

How to Contact ETX Capital Broker – All Contact Ways

The broker ETX Capital has set up the means of communication below for those who wish to contact its customer service. This is accessible Monday to Friday from 7:30 a.m. to 21:00 p.m. London time,

• for new ETX Capital accounts:
• Freephone number: 0800 138 4582
• International telephone number: +44 (0) 20 7392 1486
• E-mail : [email protected].
• for existing ETX Capital accounts:
• Negotiations office: +44 (0) 207 392 1434
• customer service: +44 (0) 20 7392 1494,
• E-mail : [email protected].

Comparison ETX Capital with other Brokers

We have drawn up a comparative table of the broker ETX Capital with other brokers:

Positive Reviews

In summary, we have identified the following strengths about ETX Capital:

• the broker ETX Capital FCA offers its services legally. Indeed, the FCA in the UK regulates its activities,
• ETX Capital deposits client funds in segregated accounts with reputable banks,
• The broker has an experience of more than 12 years in the field,
• according to the opinions of traders, its customer service is competent,
• several types of training are available free of charge on the ETX Capital education,
• more than 5 financial assets are also available on its site,
• ETX Capital spreads are competitive,
• the ETX Capital FAQ is quite extensive although it is entirely in English.

Negative Reviews

We also summarized some negatives about ETX Capital:

• it does not offer an Islamic account,
• ETX Capital does not have a site in French.
• the broker's customer service is not available in French,
• to get in touch with customer service, communication channels are limited,
• the online broker does not allow etx capital scalping,
• it does not have etx capital mt5,
• ETX Capital applies a withdrawal fee of £10 if the amount withdrawn is less than £100,
• ETX Capital also charges an inactivity fee,

Is ETX Capital the Best Forex Broker?

During these 12 years of existence, ETX Capital has made a name for itself on the market. The broker is now one of the largest English brokers. In recent years, it has also decided to develop internationally even if it does not offer its services in several countries including Belgium, the United States, Singapore and Canada.

Although ETX Capital stands out for the quality of its customer service, its platform and the competitiveness of its fees, it is not among the best Forex brokers. Vantage is one of the most popular Forex brokers.

Is ETX Capital a Reliable Broker?

YES. ETX Capital is regulated by the FCA – UK.

❓ Is ETX Capital Broker Authorized to Offer its Services in France?

YES. ETX Capital is recognized by the AMF. It is therefore authorized to offer its services in France.

Does ETX Capital Require Minimum Deposits?

ETX imposes a minimum deposit of £250.

Does ETX Capital Have a French-speaking Trading Site?

NOPE. For the moment, ETX Capital does not have a French-speaking site. However, its site is available in other languages ​​including English, Italian, Spanish and German.

Have you used ETX Capital before and want to share your experience? Leave us a comment !