ETX Capital CFD Broker Review
ETX Capital CFD Broker Review - Overview
ETX Capital are slightly smaller than the big two of IG Index and CMC Markets, but are one of the larger UK based CFD brokers. They have been around for decades and can boast a strong following, particularly in the UK. Their software is very good, easy to use and powerful, but not on a level with IG or CMC. If you are a newer trader or a trader who doesn’t use complex pattern-recognition software, then their highly responsive and clear trading screens may actually be preferable. Decent spreads and a very large product offering work with their good technology to create a solid player in the market, great for beginners, with many happy customers.
ETX Capital CFD Broker Review - Products and Spreads
For CFDs they came only 2nd to IG Index for the number of products offered. If you trade currencies, indices or commodities then they are superb, and their equities offering is good but not as good as the big two or the specialists like Spreadex. Spreads are OK but a bit higher that the biggest brokers or companies that make this their core selling point like DF Markets. You won’t get ripped off with ETX Capital, their spreads are reasonable, but if price is your main selling point then you may want to consider another broker.
ETX Capital CFD Broker Review - Interface and Platforms
ETX Capital have clearly spent money on creating a unique platform, ‘TraderPro’, based on their own technology. It has a really nice interface and a mature aesthetic that appeals to me. They have all the core tools and a few extras as well, and although it may not be as powerful as CMC Markets or XTB, it is much more advanced than many of its rivals. All of the indicators are here and unless you have a very unusual trading style you shouldn’t be left scratching your head when looking for your favourite tool.
MT4 fans will be pleased to hear that there is a Meta Trader 4 option with ETX Capital. If you want to trade on that platform with a solid broker that has a good product offering, then this is a good place to look.
ETX Capital CFD Broker Review - Service
UK based and with 7.30am - 9pm UK time call centres, you are in good hands with ETX Capital. Account opening calls are low pressure and all my dealings with them have been pleasant.
ETX Capital CFD Broker Review - Safety
ETX Capital is owned by parent company Monecor who are FCA regulated and London based. They have been around since 1965 and have weathered all the storms since then without problem. They are solid and safe with strong regulation - no problems here.
ETX Capital CFD Broker Review - Conclusion
ETX Capital is a great beginner broker that may well serve you for a lot longer. There isn’t much thier platform can’t do and there aren’t many products you can’t play with them. There is a certain ease-of-use with TraderPro that I like and many new or simplicity-craving traders will like it too. Their spreads are slightly higher than some players, but they are still fair value and within reasonable expectation. A solid choice for new or experienced traders.