Summary
Recommended for forex and CFD traders looking for great funding and withdrawal options and an easy-to-use platform
ETX Capital is a global CFD and FX broker. Its parent company, Monecor (London) Ltd was established in 1965 and is regulated by the Financial Conduct Authority (FCA) making it safe to invest your money with.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
ETX Capital pros and cons
ETX Capital offers a lot of deposit and withdrawals options and they are free of charge. It has also a user-friendly and fast account opening. There are a lot of educational tools with great quality.
ETX Capital has high CFD fees. The product portfolio is limited as it offers only CFDs, forex, and crypto. You can use only charting as a research tool. There are no trading ideas, fundamental data, or news either.
Pros | Cons |
---|---|
• Free and multiple deposit and withdrawal options | • High CFD fees |
• Easy and fast account opening | • Only CFDs, forex, and crypto offered |
• Great educational tools | • Basic research tools |
🗺️ Country of regulation | UK |
💰 Trading fees class | Average |
💰 Inactivity fee charged | Yes |
💰 Withdrawal fee amount | $0 |
💰 Minimum deposit | $100 |
🕖 Time to open an account | 1 day |
💳 Deposit with bank card | Available |
👛 Depositing with electronic wallet | Available |
💱 Number of base currencies supported | 2 |
🎮 Demo account provided | Yes |
🛍️ Products offered | Forex, CFD, Crypto |
ETX Capital review
Fees
or
ETX Capital has low forex fees and there are no withdrawal fees. On the other hand, the stock CFD fees are high and there is high inactivity charged.
Pros | Cons |
---|---|
• Low forex fees | • Inactivity fee |
• No withdrawal fee | • High stock CFD fees |
Assets | Fee level | Fee terms |
---|---|---|
S&P 500 CFD | Average | The fees are built into the spread, 0.5 points is the average spread cost during peak trading hours. |
Europe 50 CFD | Average | The fees are built into the spread, 2 points is the average spread cost during peak trading hours. |
EURUSD | Low | ETX TraderPro account: the fees are built into the spread, 0.7 pips is the average spread cost during peak trading hours. |
Inactivity fee | High | $25 per month after at least 6 months of inactivity |
How we ranked fees
We ranked ETX Capital's fee levels as low, average or high based on how they compare to those of all reviewed brokers.
First, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.
- Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.
- Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.
In the sections below, you will find the most relevant fees of ETX Capital for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.
We also compared ETX Capital's fees with those of two similar brokers we selected, CMC Markets and HYCM. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of ETX Capital alternatives.
To have a clear overview of ETX Capital, let's start with the trading fees.
ETX Capital trading fees
ETX Capital trading fees are average.
We know it's hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.
We have chosen popular instruments within each asset class:
- Stock index CFDs: SPX and EUSTX50
- Stock CFDs: Apple and Vodafone
- Forex: EURUSD, GBPUSD, AUDUSD, EURCHF, and EURGBP
A typical trade means buying a leveraged position, holding it for one week and then selling. For the volume, we chose a $2,000 position for the stock index and stock CFDs and $20,000 for the forex transactions. The leverage we used is:
- 20:1 for stock index CFDs
- 5:1 for stock CFDs
- 30:1 for forex
These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let's see the verdict for ETX Capital fees.
CFD fees
ETX Capital has generally high stock CFD, and stock index CFD fees.
ETX Capital | CMC Markets | HYCM | |
---|---|---|---|
S&P 500 index CFD fee | $3.0 | $1.5 | $1.0 |
Europe 50 index CFD fee | $2.9 | $1.9 | $0.9 |
Apple CFD fee | $33.6 | $21.5 | $4.7 |
Vodafone CFD fee | $29.3 | $25.2 | - |
Forex fees
ETX Capital's forex fees are low.
ETX Capital | CMC Markets | HYCM | |
---|---|---|---|
EURUSD benchmark fee | $9.4 | $8.0 | $7.1 |
GBPUSD benchmark fee | $7.6 | $5.9 | $8.2 |
AUDUSD benchmark fee | $11.0 | $7.1 | $10.1 |
EURCHF benchmark fee | $8.1 | $8.1 | $9.4 |
EURGBP benchmark fee | $9.6 | $9.1 | $11.5 |
Non-trading fees
ETX Capital has average non-trading fees.
It does not charge an account fee or withdrawal fee for up to 5 withdrawals per month. If you withdraw more than 5 times, you will be charged a $10 fee per additional transaction.
Unfortunately, they do charge an inactivity fee of $25 per month after at least 6 months of inactivity. It's important to note that these types of charges are hard to find on their official website making their commission structure not completely transparent.
ETX Capital | CMC Markets | HYCM | |
---|---|---|---|
Account fee | No | No | No |
Inactivity fee | Yes | Yes | Yes |
Deposit fee | $0 | $0 | $0 |
Withdrawal fee | $0 | $0 | $0 |
ETX Capital review
Account opening
or
ETX Capital's account opening is hassle-free and straightforward. Your account should be ready for trading on the same day.
Pros | Cons |
---|---|
• Fast | None |
• Fully digital | |
• Low minimum deposit |
Can you open an account?
What is the minimum deposit at ETX Capital?
The required ETX Capital minimum deposit is £100 or the currency equivalent.
Account types
ETX Capital has one basic live account type, and it only serves individual accounts, no corporate accounts are offered.
You can fill out the online application within 20 minutes. Afterwards, our account was verified on the same day.
How to open your account
- Give your name, email address, and telephone number
- Select the trading platform (TraderPro or MT4) and the base currency
- Add your address details, like country of residency
- Give your financial information and answer questions about your financial knowledge
- Verify your ID and residency. You can upload national ID, passport, or driver's license for verifying your ID. Utility bill and bank statements are accepted for residency verification.

ETX Capital review
Deposit and withdrawal
or
ETX Capital's deposit and withdrawal are free, the processes are fast, and can be done in several methods.
Pros | Cons |
---|---|
• Credit/Debit card available | None |
• Free withdrawal | |
• No deposit fee |
Account base currencies
At ETX Capital, you can choose from 3 base currencies. The available base currencies are: GBP, EUR USD
ETX Capital | CMC Markets | HYCM | |
---|---|---|---|
Number of base currencies | 2 | 10 | 6 |
Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee.
A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. Revolut or Transferwise both offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.
Deposit fees and options
ETX Capital charges no deposit fees. Besides the bank transfer and credit/debit cards, you can use a lot of electronic wallets such as:
- Neteller
- Skrill
- Sofort
- GiroPay
- China Union Pay
ETX Capital | CMC Markets | HYCM | |
---|---|---|---|
Bank transfer | Yes | Yes | Yes |
Credit/debit card | Yes | Yes | Yes |
Electronic wallets | Yes | Yes | Yes |
A bank transfer can take several business days, while payment with a credit/debit card is instant.
You can only deposit money from accounts which are in your name.

ETX Capital withdrawal fees and options
ETX Capital withdrawal is free for up to five per month. Beyond that, it is $10 for one withdrawal. Furthermore, if you want to withdraw less than $100, a $10 fee will be charged.
For withdrawal, you can use the same methods as deposits.
ETX Capital | CMC Markets | HYCM | |
---|---|---|---|
Bank transfer | Yes | Yes | Yes |
Credit/debit card | Yes | Yes | Yes |
Electronic wallets | Yes | Yes | Yes |
Withdrawal fee | $0 | $0 | $0 |
How long does it take to withdraw money from ETX Capital? We tested the credit card/bank transfer withdrawal and it took 2 business days.
You can only withdraw money to accounts in your name.
How do you withdraw money from ETX Capital?
- Log into the web trading platform
- Click on the "Payment" section and select "Withdraw funds"
- Add the amount you wish to withdraw and click on proceed
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ETX Capital review
Web trading platform
or
ETX Capital has a great web trading platform. It is user-friendly with a great search function and customizability. On the negative side, it lacks two-step login and a clear fee report.
Pros | Cons |
---|---|
• User-friendly | • No clear fee report available |
• Good search function | • No two-step (safer) login |
• Good customizability (for charts, workspace) |
Trading platform | Score | Available |
---|---|---|
Web | 4.0 stars | Yes |
Mobile | 4.5 stars | Yes |
Desktop | 3.4 stars | Yes |
ETX Capital offers two platforms that each specialize in different devices. Here is a comparison:
ETX Capital trading platforms | ||
TraderPro | MetaTrader 4 | |
In-House vs. Third-Party | In-House | Third-Party |
Web trading platform offered | Yes | No |
Mobile trading platform offered | Yes | Yes |
Desktop trading platform offered | No | Yes |
In this review, we tested the TraderPro web trading platform as it has only a web-based platform. It is available in English.
Look and feel
The ETX Capital web trading platform is user-friendly. You will easily find features after using it for a few minutes and is very customizable.

Login and security
ETX Capital provides only a one-step login. Two-step login would make the platform more secure.
Search functions
The search function is good. There are two ways you can search for an asset under ‘Market Search':
- Type the name of the product you're looking for
- Browse through asset type categories. For example, if you want to trade with a US stock CFD, you just click on the equities and select the US market.

Placing orders
You can use the following order types: Market, Limit, Stop, Stop trailing, OCO
To get a better understanding of these terms, read this overview of order types.
There are also order time limits you can use:
- Good 'til cancelled (GTC),
- Good 'til time (GTT),
- Good ‘till date (GTD)

Alerts and notifications
You can set price alerts in the form of email and push notification on your mobile.
Portfolio and fee reports
ETX Capital has a clear portfolio report but lacks a clear fee report. You can't see how much commission, swap you paid to the broker.
ETX Capital review
Mobile trading platform
or
ETX Capital offers a great mobile trading platform. In functionalities, it is the same as the web trading platform.
Pros | Cons |
---|---|
• User-friendly | • No two-step (safer) login |
• Good search function | • No Touch/Face ID login |
• Good variety of order types |
ETX Capital offers two mobile trading platforms, TraderPro and MetaTrader 4. We tested TraderPro's mobile trading platform as it is ETX Capital's own trading platform. The mobile trading platform is available in English.
TraderPro is available both on any iOS or Android devices. We tested it on Android.
Look and feel
The mobile trading platform has a different design, but in functionalities, it is the same as the web trading platform. Though the web and the mobile trading platforms are really similar to each other, we overweight simplicity and easy-handling at mobile trading platforms. That is why the ETX Capital mobile trading platform has a bit higher score than the web trading platform.

Login and security
ETX Capital provides only a one-step login.
You can't log in using biometric authentication. Providing this feature would be more convenient.
Search functions
The search functions are good.

Placing orders
You can use the following order types:
- Market,
- Limit,
- Stop,
- Stop trailing,
- OCO (one-cancels-the-other)
There are also order time limits you can use:
- Good 'til canceled (GTC),
- Good 'til time (GTT),
- Good ‘till date (GTD)

Alerts and notifications
You can easily set alerts and notifications on the ETX Capital mobile platform.
ETX Capital review
Desktop trading platform
or
The desktop trading platform of ETX Capital is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the negative side, it lacks two-step login and the design is outdated.
Pros | Cons |
---|---|
• Clear fee report | • No two-step (safer) login |
• Good customizability (for charts, workspace) | • Outdated design |
• Price alerts |
ETX Capital offers only MetaTrader 4 as a desktop trading platform.
The desktop trading platform is available in exceptionally lot languages.
ETX Capital desktop trading platform languages |
|||||
Arabic |
Bulgarian |
Chinese |
Croatian |
Czech |
Danish |
Dutch |
English |
Estonian |
Farsi |
French |
German |
Greek |
Hebrew |
Hungarian |
Indonesian |
Italian |
Japanese |
Korean |
Latvian |
Lithuanian |
Malay |
Mongolian |
Polish |
Portuguese |
Romanian |
Russian |
Serbian |
Slovak |
Slovenian |
Spanish |
Swedish |
Tajik |
Thai |
Turkish |
Uzbek |
Vietnamese |
Look and feel
The desktop platform has great customizability. You can easily change the size and the position of the tabs.
However, the platform feels outdated and some features are hard to find. For example, it took time until we found how we can add an asset to the watchlist.

Login and security
Similarly to web and mobile trading platforms, ETX Capital provides only a one-step login.
Search functions
The search functions are OK. You can find the assets in categories. However, categorization is a bit confusing as there are more forex and stock categories.
We missed the classical magnifying search function when you can type the assets' names manually.

Placing orders
You can use the following order types:
- Market,
- Limit,
- Stop,
- Stop-limit,
- Trailing Stop
There are also order time limits you can use:
- Good 'til canceled (GTC),
- Good 'til time (GTT)

Alerts and notifications
You can set alerts and notifications in the form of e-mail/push notification on mobile / notification on the desktop platform.
To set email or mobile notifications, you have to add your email address and your mobile MetaQuotes ID (it can be found in MT4 app's settings). You can add them if you go to the Tools and then the Options.
Portfolio and fee reports
ETX Capital has a clear portfolio and fee reports. You can easily see your profit-loss balance and the commissions you paid.
These reports can be found at the Account History tab. These reports can be found under the 'Account History' tab: right click on one position, then choose 'Save as Detailed Report'.
ETX Capital review
Markets and products
or
At ETX Capital, you can trade only with CFDs, forex, and cryptos. It lacks real stocks, ETFs, mutual funds, bonds, options, and futures.
ETX Capital is a CFD and forex broker with a large number of currency pairs and CFDs offered. Its product offer lags behind some of its competitors.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
ETX Capital | CMC Markets | HYCM | |
---|---|---|---|
Currency pairs (#) | 62 | 338 | 70 |
Stock index CFDs (#) | 21 | 92 | 28 |
Stock CFDs (#) | 2,500 | 8,000 | 65 |
ETF CFDs (#) | 89 | 1,000 | 20 |
Commodity CFDs (#) | 41 | 136 | 17 |
Bond CFDs (#) | 13 | 56 | - |
Cryptos (#) | 5 | 15 | 64 |
FCA bans the sale of crypto-derivatives to UK retail consumers from 6 January 2021.
You can change leverage levels, which is great.
Changing the leverage is a very useful feature when you want to lower the risk of your trade. For example, instead of trading with 5:1 leverage, only trade with 2:1 leverage in case of stock CFDs. Be careful with forex and CFD trading, as the preset leverage levels are high.
ETX Capital review
Research
or
ETX Capital has very limited research tools. It lacks trading ideas, fundamental data, and news. As a plus, the charting tools are easy to use and advanced.
Pros | Cons |
---|---|
• Good interactive chart | • No trading ideas |
• User-friendly | • No fundamental data available |
• No/poor quality news flow |
We tested both TraderPro and MetaTrader 4 research tools, but primarily reviewed TraderPro because it's ETX Capitals' own product.
Trading ideas
ETX Capital does not provide trading ideas.
Fundamental data
ETX Capital does not offer fundamental data.
Charting
ETX Capital has great charting tools. You can easily edit and save the charts.
However it offers less technical indicators than its competitors City Index or CMC Markets.
You can use 56 technical indicators.

Newsfeed
ETX Capital doesn't offer a newsfeed.
Other research tools you will enjoy
ETX Capital offers some analysis that can be found on the website.
These analyses have great quality and cover assets from forex to stocks.
ETX Capital review
Customer service
or
ETX Capital has great customer service. You will get fast and relevant answers. However, it is not available 24/7 and the live chat is missing.
Pros | Cons |
---|---|
• Phone support | • No live chat |
• Fast response time | • No 24/7 support |
• Relevant answers |
You can contact ETX Capital via:
- phone
ETX Capital has phone support. During our tests, agents were connected within a minute and gave relevant answers. We also liked the professional tone the customer service team had.
Just like the phone support, email support works well. We emailed them four times, and we got answers within a few hours for all our emails. The answers were also relevant and helpful.
The customer service's availability depends on whether you are an existing client or not:
- the existing clients can reach out to ETX Capital between GMT+1 Sunday 9:30 pm and Friday 10:00 pm
- non-ETX Capital clients can contact the customer service between GMT+1 Monday 7:30 am and Friday 9:00 pm
We did miss live chat and 24/7 availability though.

ETX Capital review
Education
or
ETX Capital has a great education. From a demo account to webinars, you will find a lot of educational tools. On the negative side, general educational videos are missing.
Pros | Cons |
---|---|
• Demo account | • No educational videos |
• Trading platform tutorial |
At ETX Capital you can learn in the following ways:
- Demo account
- Platform tutorial videos
- Webinars
- Quality educational articles
We liked that there is a wide range of webinars. For example, you will find webinars about trading strategies, trading tools, technical analysis, etc.
You will find ebooks that have great quality but covers only a few topics.
There is even a glossary that helps you to understand the unfamiliar words, expressions, acronyms.

ETX Capital review
Safety
or
ETX Capital is regulated by the top-tier FCA and offers a high level of investor protection even though they do not hold a banking license.
Pros | Cons |
---|---|
• Majority of clients belong to a top-tier financial authority | • Does not hold a banking license |
• High level of investor protection | • Not listed on stock exchange |
• Negative balance protection | • Financial information is not publicly available |
Is ETX Capital regulated?
Yes, it is regulated by the Financial Conduct Authority (FCA).
ETX Capital is a brand of Monecor (London) Ltd and is a UK-based CFD and forex broker.
Is ETX Capital safe?
To be certain, we highly advise that you check two facts:
- how you are protected if something goes wrong
- what the background of the broker is
How you are protected
This is important for you because the investor protection amount and the regulator differ from entity to entity. This is not an issue in this case as all customers are covered by Monecor (London) Ltd. This means that due to the FCA regulation you get an £85,000 investor protection.
Country of clients | Protection amount | Regulator | Legal entity |
---|---|---|---|
UK | £85,000 | FCA | Monecor (London) Ltd |
ETX Capital provides negative balance protection for forex spot and CFD trading, but only for retail clients from the European Union. Professional and non-EU clients are not covered with any negative balance protection.
Background
ETX Capital was established in 1965. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. Being in operation and regulated by a top-tier regulator are all great signs for ETX Capital's safety.
ETX Capital review
Bottom line
or
ETX Capital is regulated by the top-tier FCA.
On the plus side, you can use a lot of deposit and withdrawal options and they are free of charge. We liked the seamless and hassle-free account opening. There is a wide range of educational tools and they have great quality.
ETX Capital has some drawbacks though. The CFD fees are high. Its product range is limited to FX, CFDs, and cryptos. The research tools are limited.
As there is only a small minimum deposit, there are 5 free withdrawals, and the inactivity fee only kicks in after three months, feel free to try ETX Capital.