ETX Capital review ++ How good is the broker?

As mentioned above, OvalX gives you access to more than 5,000 markets. When using OvalX or MT4, you can trade on the OvalX Forex platform and access CFDs, indices, cryptocurrencies, shares, and commodities. You can add more funds to your trading account and choose which markets to explore or start placing cryptocurrency prices trades straight away. However, you might want to practice with an OvalX Demo account first or use OvalX’s handy Education tools to enhance your knowledge. Financial derivatives, like CFDs, can certainly offer high rewards. But they pose a risk too, which is why the OvalX demo account is so important.

Existing clients are also provided with direct phone numbers to shorten waiting times. In our test of ETX Capital’s live chat support, agents were connected within a minute and provided relevant answers. We also enjoyed the professional tone of the customer service team. However, if you don’t respond quickly enough, the live chat closes. ETX Capital does not charge for deposits, but for withdrawals under 100 USD, or currency equivalent, a 10 USD administration fee will be charged. Furthermore, ETX Capital offers each client five withdrawals for any amount over 100 EUR/GBP/USD each calendar month without a processing fee.

Read this ETX Capital Review till the end to get comprehensive information about the broker. Since then I spent the last 40 days trying to get me money . The Learn Forex Course is a light 24-minute course designed to act as a quick starter guide to inspire new trader confidence. Other similar courses are available for learning indices, commodities, shares, and cryptocurrencies. The benefit of brokers offering third-party platforms such as MT4 is that traders can take their own customised version of the platform with them should they choose to migrate to another broker. For traders that trade in large volumes , it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD.

So, the ETX Capital Company is a part of those companies that folded up its services from operating in the US. Note that none of its services or products are transacted with the citizens of the United States. The withdrawal processing times depend on the jurisdiction and method and can take between one and seven business days. Customized workspaces ensure individual flexibility, a feature that more and more clients demand from a competitive trading platform.

Is OvalX safe or a scam

Because of this, you may benefit from straightforward and direct trade access, plus low costs. With a dedicated helpline and the deployment of MetaTrader 4 servers, the ETX Capital Group was swift to promote a smooth transition for existing Alpari clients. As a result, consumer scores, as well as share price and turnover, were up.

This is one of the vital decisions to make because it is a core strategy of any trade, and the kind of deal selected may influence the period a position is held open. There are so many indicators provided for ETX Capital charts. You can add or remove them by navigating to the “Studies” tab on the particular chart. Select the symbol you want to remove or add and update the settings. After this action, you should be able to see the indicator on your chart.

Their educational tuition is first class by way of webinars. I would highly recommend ETX to anyone interested in trading from beginner to Pro. In addition, news updates are made available on Twitter and Facebook. Yes, we can confirm in this OvalX review that the broker is legit.

Please note that we may share your email with the company to verify your order. The asset classes that ETX Capital allows clients to trade are summarized below. ETX Capital is the trading name of a company known as Monecor Ltd. Originally, the company was founded as Dusrolgraph Ltd. on June 16, 1965. Key executives currently include Philip Adler and Nicholas Iggulden . Across the board of listed company directors, ownership of the company is not publicly declared.

ETX Capital Verdict

I truly appreciate the phone calls received and not just the email responses to any of my queries. I do not feel judged nor do I feel rushed in executing my trades. A cherry on the top would be to see an incentive scheme perhaps for customer loyalty, however this is not a factor affecting the credibility of ETX. I wish to complement ETX Capital , and in particular Steven O Sullivan, for ETX continued support and sound brokerage. Another plus point is all the four platforms are comptabile with mobile devices. Simply download the mobile apps and access your trading account from anywhere, anytime, using any internet-ready mobile device.

The commitment to finding the best results for traders may not always equate to obtaining the best price or lowest cost. Therefore, there is no guarantee that you have the best conditions for your trades. To open a Professional Account on OvalX, you will need to first open a Standard Account, and then apply to customer support to have your account upgraded to a professional status. The inactivity fee is not charged on the ETX Capital platform on dormant accounts.

ETX Capital Review 2022

Some traders may be disappointed at the lack of account options at ETX Capital, which has a single live commission-free account. Trading costs are average compared to other market maker brokers, with a minimum deposit of 100 USD and variable spreads averaging between 0.8 to 1.1 pips on the EUR/USD. Apart from share CFDs, ETX Capital offers trading on 60+ Forex pairs, cryptocurrencies, indices, commodities, and bonds – excellent for traders who wish to diversify their trading strategy. To sum up, the pros are advanced trading tools, excellent customer support, and multiple platforms. The negatives are limited to lack of choice in trading accounts. ETX Capital has been around for a long time and exudes reliability and integrity.

Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto. Moreover, OvalX offers all of its platforms in mobile format, meaning that you can access your TraderPro platform on your Apple or Android phone or tablet. Nowadays, most traders executing positions wherever they are, that’s why OvalX trading allows you to move around freely while you trade. In fact, this is probably one of the strongest suits, the fact that they offer so much in the way of extras for traders to learn from.

Adding GER40 Client Sentiment Summary to ETX Morning Report

With that in mind, keeping your money here is a safe proposition, especially considering that they have been around since 1965 making them one of the oldest brokerages that we have reviewed. If you are looking for a well-established and trusted online brokerage form, ETX Capital could possibly be one of the better choices out there. It has been in business since 1965 and is British base of course it offers all of those extra protections. Read our ETX Capital review to evaluate the pros and cons of this broker and choose if it is suitable for your needs. This article is dedicated to reviewing one of the best regulated brokers and to give you a clearer idea of what to expect in case you decide to open an account with them.

You shouldn’t have to wait days or in some cases weeks to get a response. Previously, ETX Capital used to offer a free no-deposit bonus of $20. People were getting this little amount to try out trading with this broker just for registering, there was no need to deposit.

While ETX Capital seems like a market maker, it is actually an online brokerage service that connects traders with market makers. Brokers like ETX Capital are third-party mediums people can use to access the products listed by such market makers. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you liteforex review can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide investment or any other advice, for further information please read our General Terms and Conditions. On the plus side, you can use a lot of free deposit and withdrawal options.We liked the seamless and hassle-free account opening process.

In our test of OvalX’s phone support, agents were connected within a minute and provided relevant answers. We also liked the professional tone of the customer service team. In the sections below, you will find the most relevant fees of OvalX for each euro currency stock asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. All contents on this website are for informational purposes only and do not constitute financial advice.

ETX Trader Pro

ETX Capital’s unique trading platform features an HTML5 interface that allows traders to trade approximately 6,000 different assets easily. However, a lack of research support is still a considerable disadvantage. TraderPro and MetaTrader4 are two mobile trading platforms offered by ETX Capital.

Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. An equal treatment of traders irrespective of the trading platform used. I have been with ETX for a number of years and whilst the industry have gone through changes ETX have been consistent. I find their charting package to be first class offering more features than one can ever use or ask for.

We understand your complaint to be that ETX removed 13,641.93 EUR from your trading account on 09 March 2020. You do not agree to the reason why this was done and would like the 13,641.93 EUR to be credited back to your account. Let other traders know if this service is worth checking or should be avoided. ETX Capital trading products are Forex, Cryptocurrencies, Commodities, Precious Metals, Stocks, and Indices, ETFs, Bonds, no commission Stocks, and Spread Betting. ETX Capital’s analysis materials are limited compared to other international brokers.

ETX Capital UK Reviews

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74%-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. OvalX’s spreads tariffs provided via access to the institutional greed of pricing, the OvalX trading fees are built into the spread. ETX Capital offers both deposit and withdrawal options including bank wire, credit card/debit, Union Pay, Neteller, SoFort, and Skrill.

Step 4) You will be required to provide your date of birth and phone number, type in the details, and click on ‘Next’. To start trading on OvalX in the UK, follow the steps below to open an account. It is either a trader who opens a Spread bet position or selects to make transactions on CFDs. Forex with ETX Capital can be carried out in two separate ways, such as a CFD or as a Spread bet.

I like the trading environment at ETX Capital for manual traders in the ETX TraderPro trading platform. It presents a professional user interface with quality trading tools and 5,000+ assets from a reasonably priced commission-free cost structure. CFDs remain acceptably priced, and overall, ETX Capital remains an excellent broker to consider for manual traders. ETX Capital excels when it comes to educating both novice as well as expert investors.

We emailed ETX twice and we received relevant and helpful answers in every case. Traders can take advantage of the exclusive free eBook library to learn about key trading strategies and instructions on analysing various market events. In line with Anti-Money Laundering policies, all deposits must be made from an account/card registered in your name, and ETX Capital does not accept third-party deposits. New traders will have to click on the “Create an Account” button at the top of the page where they will be directed to confirm their country of residence. When making this calculation, we used one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread.