ETXCapital Rating, Review ETXCapital

ETX CAPITAL RATING REVIEW

-FOREX BROKER RATING {72.2%}

ETX is a UK-based broker offering CFDs and Spread Betting. ETX belongs to Monecor LTD. and it went online in 2002. One of the key advantages when trading with ETXCapital is safety of money. The broker is regulated by FCA UK and MiFID and at the same time provides segregated client bank accounts. ETX is covering its client funds up to 50,000GBP per account (check at this end of this review for full information).

ETX is a Dealing-Desk broker providing a wide asset index. There are more than 45 Forex pairs available plus commodities, energy, metals, shares and indices. The maximum capital leverage is 200:1 and the minimum account size is $200. The available fund methods include bank wire, cards and Skrill. ETX offers 3 main platforms including MetaTrader-4 plus 3 seperate MT4 mobile apps. Currently the broker offers welcome bonus 60% for all new clients and up to 7,000 EUR.ETX Capital Trading Platforms

  • Minimum Account: $200
  • Fund Methods: Wire, Cards, Skrill
  • Account Currencies: US Dollar | Euro | British Pound Sterling
  • Platforms: MetaTrader-4 | ETX WebTrader | ETX ProTrader | Three (3) MT4 Mobile Apps
  • Forex Index: ETX Capital offers 45+ Forex pairs
  • Metals: Gold, Silver, Platinum
  • Energy: Brent Crude, NYMEX Crude
  • Shares: Many shares from UK, US, Germany etc.
  • Indices: Dow-30, DAX-30, CAC-40, UK 100, Euro Stocks, Italy 40, Japan 225, Hong Kong 40 and more indices
  • Customer Support: 24/5 via Phone and eMail
  • Support Languages: English | Arabic | Chinese | Czech | Danish | French | German | Greek | Hungarian | Italian | Polish | Portuguese | Romanian | Russian | Spanish | Turkish

Here is the ETX Capital Rating Summary

» ETX CAPITAL WEB

ETX CAPITAL RATING SUMMARY  
Based on the Main Rating Table (MAX 100%)
A. ETX CAPITAL FUNDS SAFETY 89.2%
B. ETX CAPITAL TRANSACTION COST 46.4%
C. ETX CAPITAL TRADING OPTIONS AVAILABLE 92.3%
D. ETX CAPITAL TECHNOLOGY 60.0%
Overall ETX Capital Rating 72.2%
RATING PER TRADING EXPERIENCE  
Based on ETX Capital Sub-Formulas (MAX 100%)
Forex Beginners 76.8%
Advanced Forex Traders 65.9%
Professional Forex Traders 56.5%
Overall ETX Capital Rating 72.2%


» ETX CAPITAL BONUS PAGE | » ETX CFDs TRADING

 

ETX CAPITAL FULL RATING REVIEW

This is the full ETX Capital Rating Report using the Rating Formula v4.1 (under authorisation)

ETX CAPITAL FOREX RATING REPORT    
ETX CAPITAL TOTAL RATING   100.0% ETXCapital Broker
      72.2% ANALYSIS
A. ETX CAPITAL FUNDS SAFETY MAX WEIGHT 26.0% 23.2% ETXCapital Safety of Funds Rating
A.1 ETXCapital Regulation FSC (BVI) = 1.0% rating | CYSEC (Cyprus) = 3.0% rating | FFMS (RU) = 3.0% rating | RAFMM (RU) = 3.0% rating | CBI (IR) = 4.0% rating | ASIC (AU) = 4.0% rating | FSC (NZ) = 4.0% rating | FSA (UK) = 6.0% rating | BAFIN (GE) = 6.0% rating | NFA (US) = 6.0% rating | CFTC (US) = 6.0% rating | FINMA (SW) = 8.0% | and MiFID (EU) = +4.0% rating 12.0% 10.0% ETXCapital is regulated by FCA UK = 6% rating and the European MiFID = +4% rating = Total 10.0% rating
A.2 ETXCapital Headquarters Offshore Countries = 0% | Cyprus and similar = 2.0% rating | Spain, Italy and similar = 3.0% rating | Australia and similar = 4.0% rating | USA, Germany, UK, Switzerland and similar = 5.0% rating 5.0% 5.0% ETXCapital headquarters are in United Kingdom (London) = 5.0% rating
A.3 ETXCapital Years of Operation 0-1 Years Operation = 0 % rating | 2-5 Years Operation = 2.0 % rating | 5-10 Years Operation = 4.0 % rating | 10+ Years Operation = 5.0 % rating 5.0% 5.0% ETXCapital foundation in 2002, operation more than 10 years receives maximum rating = 5.0% rating
A.4 ETXCapital Client Bank Account Segregation Yes Provided =  2.0 % rating | No it isn't Provided = 0.0 % rating 2.0% 2.0% ETXCapital offers Client Account Bank Segregation (up to €50,000) = 2.0% rating
A.5 ETXCapital Web Ratings (Used for differentiating rating results) EarnForex Rating = 1.0 % rating | ForexPeaceArmy Rating = 1.0 % rating 2.0% 1.2% ForexPeaceArmy Rating = 3.00 / 5.00 | EarnForex Not Rated | Tota Rating l=  6.00 / 10.0 = 1.20% rating
A.6 (+) ETXCapital ADJUSTMENTS        
A.6.1 Company Size Factor 1+ Million of Active Traders = +1.0 % rating 1.0% 0.0% No = 0%
B. ETX CAPITAL TRANSACTION COST MAX WEIGHT 28.0% 13.0% ETXCapital Transaction Cost Rating
B.1 ETXCapital EURUSD Spread < 0.3 pip = 8.0% rating | <0.4 pip = 7.5% rating | < 0.5 pip = 7.0% rating | <0.6 pip = 6.5% rating | <0.7 pip = 6.0% rating, | <0.8 pip = 5.5% rating | <1.0 pip = 5.0% rating | < 1.25 pip = 4.5% rating | < 1.5 pip = 4.0% rating | <1.75 pip = 3.5% rating | >2 pip = 3.0% rating | < 2.5 pip = 2.0% rating | < 2.5 pip = 1.0% rating | < 3 pip = 0.5% rating 8.0% 3.0% EURUSD at 1.8 pip = 3.0% rating
B.2 ETXCapital GBPUSD Spread < 1.0 pip = 5.0% rating | <1.25 pip = 4.0% rating | < 1.5 pip = 3.0% rating | < 1.75 pip = 2.5% rating | < 2 pip = 2.0% rating | < 2.25 pip = 1.5% rating | < 2.5 pip = 1.0% | < 3 pip = 0.5% 5.0% 2.0% GBPUSD at 2 pips = 2.0% rating
B.3 ETXCapital USDJPY Spread < 1.0 pip = 4.0% rating | <1.25 pip = 3.5% rating | < 1.5 pip = 3.0% rating | <1.75 pip = 2.5% rating | < 2 pip = 2.0% rating | < 2.5 pip = 1.0% rating | < 3 pip = 0.5% 4.0% 1.0% USDJPY at 2.4 pips = 1.0% rating
B.4 ETXCapital Trading Commissions Charged No Commissions = 7% rating | Commissions < $5 / lot = 3% rating | Commissions < $8 / lot = 1% rating | Higher Commissions = 0% rating 7.0% 7.0% No trading commissions = 7.0% rating
B.5 ETXCapital Funding Commissions No Funding Fees = 2.0 % rating | Yes = 0 % rating  | One Free Withdrawal Per Month = 0.5 % rating 2.0% 0.0% Some withdrawal commissions may be charged = 0.0% rating
B.6 ETXCapital Maintenance / Inactive Fees No Maintenance / Inactive Fees = 2.0 % rating | Yes Maintenance / Inactive Fees = 0 % rating 2.0% 0.0% ETX charge Inactive Fees after 3 months of non-activity = 0.0% rating
B.7 (+) ETXCapital ADJUSTMENTS        
B.7.1 ETXCapital Execution ECN / DMA Execution = +2.0 % rating | STP Execution = +1.5 % rating | Dealing Desk Execution = +0.0% rating 2.0% 0.0% Dealing Desk Execution (Market Maker) = 0%
C. ETX CAPITAL TRADING OPTIONS AVAILABLE MAX WEIGHT 26.0% 24.0% ETXCapital Trading Options Rating
C.1 ETXCapital Index of Forex Assets 45+ Forex Pairs = 8.0% rating | 40+ Forex Pairs = 7.0% rating | 35+ Forex Pairs = 6.0% rating | 30+ Forex Pairs = 5.0% rating | 25+ Forex Pairs = 4.0% rating | 20+ Forex Pairs = 3.0% rating | 15+ Forex Pairs = 2.0% rating | 10+ Forex Pairs = 1.0% rating | Less than 10 Forex Pairs = 0% rating 8.0% 8.0% ETXCapital provides a wide Forex asset index containing more than 45+ pairs = 8.0% rating
C.2 ETXCapital CFD Trading Yes CFD Trading = 2.0 % rating | No CFDs = 0.0 % rating 2.0% 2.0% CFD trading is in the core of ETXCapital operation = 2.0% rating
C.3 Availability of Free Demo Account Yes = 2.0 % rating, No = 0.0 % rating 2.0% 2.0% ETXCapital offers a Practice Account = 2.0% rating
C.4 ETXCapital Capital Leverage Leverage > 100:1 = 2.0% rating | Leverage > 75:1 =1.5% rating Leverage > 50:1 = 1.0% rating 2.0% 2.0% ETXCapital offers 200:1 capital leverage = 2.0% rating
C.5 ETXCapital Promotions   6.0% 6.0%  
C.5.1 ETXCapital Welcome Bonus (%) Welcome Bonus >50% = 6% rating | Welcome Bonus >40% = 5% rating | Welcome Bonus >30% = 4% rating | Welcome Bonus >20% = 3% rating | Welcome Bonus >15% = 2% rating | Welcome Bonus >10% = 1% rating   6.0% ETXCapital offers welcome bonus for all new customers (up to 60%) = 6.0% rating
C.5.2 ETXCapital Trading Rebate (%) Trading Rebate >30% = 6% rating | Trading Rebate >25% = 5% rating | Trading Rebate >20% = 4% rating | Trading Rebate >15% = 3% rating | Trading Rebate >10% = 2% rating | Trading Rebate >5% = 1.0% rating   0.0%  
C.6 ETXCapital Minimum Account Min Account < $500 = +1% rating | Min Account < $1,000 = +0.5% rating 1.0% 1.0% The minimum ETX Account is less than $500, actually it is $200 = 1.0% rating
C.7 ETXCapital Deposit Methods For every available deposit method = 0.5% rating max = 5 methods 2.5% 1.5% Only three (3) fund methods available (Bank Wire, Credit / Debit Cards, MoneyBookers Skrill) = 1.5% rating
C.8 ETXCapital Withdrawal Methods For every available withdrawal method = 0.5% rating max = 5 methods 2.5% 1.5% Only three (3) fund methods available (Bank Wire, Credit / Debit Cards, MoneyBookers Skrill) = 1.5% rating
C.9 (+) ETXCapital ADJUSTMENTS        
C.9.1 Asset Index with more than 100 Forex Pairs Yes more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.0% No = 0%
C.9.2 Interest on Unused Funds Yes Interest on Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.0% No = 0%
C.9.3 ETXCapital Contests / Championships Yes Available = 0.25 % rating | No = 0 % rating 0.3% 0.0% No = 0%
D. ETX CAPITAL TECHNOLOGY MAX WEIGHT 20.0% 12.0% ETXCapital Technology Rating
D.1 ETXCapital Trading Platforms Availability For every Trading Platform = 1.0% rating max = Five (5) platforms 5.0% 3.0% Three (3) trading platforms available by ETX (MetaTrader-4, WebTrader, ETX TraderPro) = 3.0% rating
D.2 ETXCapital Slippage on Execution Slippage  < 0.5 pip =  4.0% rating | < 0.75 pip =  3.5% rating | < 1 pip = 3.0% rating | < 1.25 pip =  2.5% rating | < 1.5 pip = 2.0% rating | < 1.75 pip =  1.5% rating | < 2.0 pip = 1.0% rating 4.0% 0.0% Slippage on execution more than than 2.0 pips = 0.0% rating
D.3 ETXCapital Allowance of Automated Trading Yes it is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.0% Expert Advisors (Forex Robots) are allowed by ETX = 2.0% rating
D.4 ETXCapital MT4 Platform Availability Yes it is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.0% MetaTrader-4 is available by ETX = 2.0% rating
D.5 ETXCapital Mobile Trader Availability For every Mobile Device = 0.50 % rating, max = Four (4) mobile devices  2.0% 2.0% 4 different MT4 apps are available (2 for iOs, 1 for Windows and 1 for Android) = (max) 2.0% rating
D.6 ETXCapital Scalping / Hedging Allowance Yes to both = 1.0 % rating | Only Hedging or Scalping = 0.5% rating | No to both = 0 % rating 1.0% 1.0% Both scalping and hedging are allowed by ETX = 1.0% rating
D.7 ETXCapital Customer Support 24/7 Customer Support = 1.0 % rating | 24/6 Customer Support = 0.5 % rating | 24/5 Customer Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0 % rating | Skype support = 0.5 % rating | Call-Back = 0.5 % rating 4.0% 2.0% ETX offers 24/5 support via eMail  = 1% and Phone = 1% = Total 2.0% rating
D.8 (+) ETXCapital ADJUSTMENTS        
D.8.1 ETXCapital PAMM / MAM Accounts Yes PAMM / MAM = 0.5% rating | No = 0 % rating 0.5% 0.0% No = 0%
D.8.2 ETXCapital Availability of API Trading Yes to API trading = 0.5 % rating | No API trading not available = 0.0 % rating 0.5% 0.0% No = 0%
    TOTAL ETX CAPITAL RATING  72.2%   

 

ETX Capital Licenses and Legal Matters

(1) ETX is regulated by FCA (UK), No 124721

(2) All client money is held in UK or German banks with investment grade ratings

(3) Compensation scheme – In the unlikely event the firm was to go into liquidation and there was to be deficiency in the client money bank account, individual clients are covered by the Financial Services Compensation Scheme (FSCS). The maximum FSCS payout per client if the firm goes into administration is £50,000. 

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ETX Capital Rating -Review ETX Capital

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Note: The above ETX Capital Rating was made using the TradingCenter Rating Formula v4.1 under authorisation

Rating Formula Concept by George M. Protonotarios, MSc “International Banking and Finance”