ETX Capital Withdrawal

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ETX Capital: Login, minimum deposit, withdrawal time?

ETX Capital will have traders intrigued by the website’s flow and feel. Its distinct nature, not to mention user friendly interface, will introduce newer clients with ease to the trade game. However, does ETX Capital have what it takes to retain all customers, both rookie and pro?

Monecor (London) Limited is the holding company. Traders will be happy to know that the Financial Conduct Authority (FCA) authorizes and regulates ETX Capital with the utmost attention to detail. The FCA’s main task is to enforce the laws that concern the financial market in the UK. The clients have the right to a compensation of up to £85 000 if the broker is unable to pay its debts.

The tight spreads on ETX Capital shrink the distance between profit and loss with EUR/USD spreads of 0.7 pips. On the ETX Capital website there is false information that claims their leverage to be from 100:1 on most tradable assets of up to 200:1 on MT4 products. They probably forgot to update it, but this still doesn’t rule out the fact that more unaware traders will latch on to this inaccurate claim:

Currently, ESMA restricts all EU and UK leverage to a maximum value of 1:30.

The numerous assets that can be traded with at ETX Capital are as follows: currency pairs, indices, metals, energy sources, soft commodities, crypto currencies and bonds and/or interests.

The broker services are covered in a range of languages including: English, Spanish, German, Polish, Czech and Chinese.

ETX CAPITAL LOGIN

Although the broker offers only two trading platforms, ETX TraderPro and ETX MetaTrader 4, be assured that the capabilities of these two platforms are utilized to their maximum capacity.

TRADER PRO

Trader Pro does not waste time in immersing you into the world of Forex exchange. It has easily accessible charts, a zoom-in zoom-out feature that proves very hand in certain situations, not to mention an intricate tab system that makes everything 100% easier to access and a drag and drop system that allows for multiple tabs and graphs to be viewed at the same time. The average spread for EURUSD is a fluctuating 0.6-0.8 pips.

As commissioned by ESMA, all UK and EU leverages are limited to 1:30.

TRADER PRO is available to all Windows, iPhone, iPad and Android users so that trades can be done on the go.

METATRADER 4

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As one of the leading platforms in the world, even surpassing its successor at times, MetaTrader4 offers its full services to the traders who have chosen ETX Capital as their broker. MetaTrader’s design and interface is by now well known. The platform is abundant in trading options and possibilities, and attractive to users both rookie and pro. The platform also allows for VPS’s hosted by ETX Capital.
The point of the VPS is to let the auto trading bots trade, without worrying that his job will not be interrupted by a power failure or net crash.

Micro-lots are also back, allowing for newer players to trade with less amounts of money. And how can we forget expert advisors that allow for automated trading.

The spread for EURUSD averages the 0.6 pip mark, while levergaes are limited to 1:30 because of the ESMA ruling.

Alongside this goes the fact that the platform is available for both browser and desktop, and on mobile devices to be directly downloaded from the App Store or Play Store. Use the browser version if you wish to avoid downloading a software and/or are not interested in auto trades, however, this version does not allow expert advisors.

ETX CAPITAL MINIMUM DEPOSIT

The minimum deposit for a trader is 100 in all available currencies.

When trading with this broker users will be able to deposit their money using the following methods: Wire/Bank transfer, Online Bank Transfer, Major Credit Cards except for AMEX, China Union Pay, Skrill, Neteller, Sofort and GiroPay.

The platform offers a large array of currencies in which your account is kept. They are as follows: GBP, USD, EUR, ZAR, SGD, SEK, RON, PLN, NOK, JPY, HRK, HKD, DKK, CZK, CHF, CAD, AUD. However, not all payment methods support the entire assortment of currencies.

ETX Capital generally takes up to one day to process all payments.

All methods of depositing are charge-free.

ETXCAPITAL WITHDRAWAL TIME AND FEES

Withdrawals can be done in the following ways: Wire/Bank transfer, Online Bank Transfer, Major Credit Cards except for AMEX, China Union Pay, Skrill, Neteller, Sofort and GiroPay.

The general processing time for all monetary transactions is 1 day; that is the time for the broker to process your request and send it over to your method of choice. From then, it takes up to 2-3 working days for traders to get their full payments from their respective payment systems via Wire/Bank Transfer, Online Bank Transfer and Sofort. All other payment methods can take up to 3-5 working days.

ETX Capital offers 5 free monthly withdrawals for any amount over $100. On the 6th and thereafter, users will be charged $10 until the end of the month, at which point the process resets. Withdrawals below $100 are commissioned with $10.
Note that ETX Capital features an inactivity monthly charge of $25 for all dormant accounts. An account become dormant after 365 days or more.

The website is not clear on the minimum withdrawal amount, and since there is no live chat, we are left to assume that the minimum withdrawal (when considering the fees) is $20, or any other currency.

BOTTOM LINE

Although featuring only two trading platforms, ETX Capital is still a reliable and easy to use broker website with a nice choice of deposit and withdrawal methods. The fact

There are several severe drawbacks, however. The withdrawal fees are somewhat unusual, and the lack of a live chat support will surely lead many people to a state of confusion and, probably, irritation.

ETX Capital Review 2020

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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% 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 trading 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 trading fees
• Easy and fast account opening • Only CFDs, forex, and crypto offered
• Great educational tools • Basic research tools
ETX Capital main features and highlights
��️ 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 credit card Available
�� Depositing with electronic wallet Available
�� Number of base currencies supported 3
�� Demo account provided Yes
��️ Products offered Forex, CFD, Crypto

Gergely Korpos

Author of this review

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

ETX Capital review
Fees

ETX Capital has high trading fees and financing rates. The non-trading fees are average. On the plus side, there are no withdrawal fees.

Pros Cons
• No withdrawal fee • High forex fees
• High financing rate
ETX Capital fees snapshot
Assets Fee level Fee terms
S&P 500 CFD Low The fees are built into spread, 0.5 is the average spread cost.
Europe 50 CFD Low The fees are built into spread, 2 is the average spread cost.
EURUSD High The fees at TraderPro account are built into spread, 0.7 pips is the average spread cost
Inactivity fee Low $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.

To get things rolling, let’s go over some lingo 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, spreads, commissions and financing rates are the most important fees.

We also compared ETX Capital’s fees with those of two similar brokers we selected, XTB and XM. 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 average to high CFD trading fees.

ETX Capital CFD fees for a $2,000 long position held for one week

ETX Capital XTB XM
S&P 500 CFD benchmark fee $2.2 $2.0 $2.4
Europe 50 CFD benchmark fee $2.1 $2.2 $2.4
Apple CFD benchmark fee $32.0 $17.9 $3.4
Vodafone CFD benchmark fee $25.9 $20.9 $5.6

As we can see above, index CFD’s are about average with their competition. When it comes to individual stock CFD’s though, we can see that they are quite a bit higher than the same competitors with XM being much cheaper.

Forex fees

ETX Capital forex fees are high.

ETX Capital forex benchmark fees of a $20,000 30:1 long position held for one week

ETX Capital XTB XM
EURUSD benchmark fee $19.5 $15.0 $17.1
GBPUSD benchmark fee $16.1 $11.1 $13.8
AUDUSD benchmark fee $16.6 $10.0 $13.9
EURCHF benchmark fee $9.4 $6.6 $9.1
EURGBP benchmark fee $14.2 $9.9 $12.2

In every benchmark measured, we found that ETX Capital’s forex fees were higher than XTB’s and XM’s. This is unfortunate because these three stock brokerages all have the same target market making ETX Capitals rates relatively unattractive to potential clients.

Non-trading fees

ETX Capital has average non-trading fees.

It does not charge an account fee or withdrawal fee 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.

a Complete Guide for Binary Options Trading

ETX Capital gives a wide range of trading assets and reliable financial markets to its traders. It is a safe broker since it is also authorized by FCA. Unlike most brokers, it has been rendering its services for the last ten years and has been approved among the best binary options trading brokers. The ETX Capital Withdrawal is a simple process and it can be done using either of the following money transferring methods: Amex, Skrill Moneybookers, Visa and MasterCard. These payment methods offer a secure and fast transaction of the traders funds. The ETX Capital is known worldwide for its cutting edge modern technology which provides its worldwide traders with an opportunity to access more than 6000 financial markets. It also offers very competitive markets prices which are managed by the ETX Capital award winning panels.

For the binary options trading beginners, the ETX Capital provides a very friendly environment for them. This includes a welcoming bonus of up to 60% that is given to all newcomers once they make their first deposit of their funds. In addition, the safety of the trader’s funds is the primary objective of this binary options broker; this has enabled the broker to built up trust of its customers.

Both professional traders and newbie traders are very much interested in knowing how the ETX withdrawal process is carried out. In the ETX withdrawal, in order to initiate the withdrawal process, the trader is required to click on the control panel in the Accounts section. Then the trader will have to fill an online form concerning the withdrawal. The payment method that is used to withdraw the cash should be same payment method that was used to deposit the funds. The withdrawn amount should not exceed the deposited amount at a go. However, if the payouts are more than the initial deposit, the trader can send the amount through the basic deposit via another source.

Once the ETX Capital Withdrawal request has been sent, it takes about 5 days to receive the funds in your bank account. Although this may sound slow, if you have had an experience of with other brokers, you will realize that most brokers take more than 2 days to process the withdrawal requests. With ETX Capital, so as to make the transaction process faster, the trader should verify their trading account before asking for a withdrawal request. The verification process with ETX Capital only requires a scan of a credit card, utility bill and ID card that has a photo on it. These documents help the broker by providing proof that the trader is real and that the funds are going to be withdrawn to right account.

In order to capture the interest of new traders, ETX Capital offers a range of promotions such as a welcoming bonus, refer to friend bonus and high payouts upon successful trades. These offers can are supposed to used for investment in trading but cannot be withdrawn immediately after being issued. According to the terms and conditions, the traders must hit at least 30X trade target before requesting to withdraw the bonus amount.

ETX Capital Traders are offered customer support in twelve different languages so that every trader can understand the ETX Capital Withdrawal terms clearly no matter his or her place of origin. If there is any issues, traders should contact the customer support team for a satisfactory response about their queries.

Are There Any ETX Capital Complaints?

If traders do not get the desired services from a broker, they are bound to start suspecting about services offered by the specific broker. So far, binary options traders have not made any complaints against ETX Capital. Actually, the traders seem to feel confident while trading binary options with this broker.

The ETX Capital is a dynamic broker that offers a variety of options to traders. They use the SpotOption software interface which enables them maintain their level of performance. Trading option like the Pair trading, High/Low, 60Seconds and Long Term are easily accessible depending on the trader’s preference. This broker is preferred by traders who desire to lose less than their invested amount and also desire to trade on up and down prices. Also, their low risk environment and low fixed spreads ensure that traders keep on investing more and more amount with this broker.

In most cases, brokers get registered but they keep some terms and conditions out of sight; but this is not the case with ETX Capital broker. ETX Capital provides indicators and educational tools for learning the binary options trading techniques. Their high payouts, minimum deposit amount, range of bonuses, minimum investment, and bonus trading terms are all very clearly described in order to make each and every of their aspects clear. This is the reason why traders rely on this broker’s trading platform.

If you get to the ETX Capital Complaints section you will realise that it has no serious complaints against their funds transfer, payouts or bonus terms.

If you want to use automation, trailing stops, live signals, customizable charts, webinars and market reviews, to trade, this broker provides a very ideal environment for trading. Traders are guaranteed that funds their funds are secure since strict action can be taken by the authorities if something unscrupulous happens.

The ETX binary broker also ensures that their customers are able to trade through their mobile platform as well as PC. The wide range of assets, binary trading options, expiry times and high profit range ensure that traders enjoy investing their funds.

For security purposes, traders who are registered with the ETX Capital need to register their trading accounts for them to carry out depositing of funds or withdrawal of profits. For verification during the registration process, the trader will be required to provide copies of credit card, utility bill and ID documents.

The ETX Capital Complaints are not witnessed since the broker has an excellent customer support team. The team provides round the clock support in various languages. The customer support team is known for their prudent tackling of the issues raised by their customers hence no chances of any complaints arising.

Is ETX Capital a Scam?

When choosing a trading platform for binary options investment, traders should make sure whether it is a legitimate broker or a scam. With this in mind, ETX Capital is one of the legitimate trading platforms that have earned itself a top position in online binary options trading industry. This broker is regulated and approved by UK authorities and FCA.

With the current trend, the number of binary options brokers is increasing day by day. It has therefore become very important for professional as well as novice traders to take note of scammers since a lot of fiscal scams are being reported in a frequent basis. It is therefore also very important for a trader to choose a reliable broker for account registration. And with ETX Capital broker, it is included among the top listed responsible brokers that are providing exceptional binary options services. But the newcomers need to understand the terms and conditions of ETX Capital when they are depositing their funds.

ETX Capital is not only designed for professional traders but also for the beginners. It only requires a minimum deposit of $250 to enroll yourself in the world of profitable trading. ETX Capital also offers up-to-date trading tools as well as educational tools to its traders, making it to attract many traders. Due to the convenience of novice traders, this broker also has a demo account service where beginners get to trade using virtual money, get experience of the real trading world, examine their capabilities and improve their performance by analyzing the market trends and obtaining trading information from webinars, videos and live signals.

This broker has utilized their experience and expertise to offer credible, suitable and secure trading platform to traders from all countries except the USA traders. This is as a result of the variety of services, which also attract thousands of traders to join this broker and take part in binary options trading on a routine basis.

To that extent, the ETX Capital is an authorized broker with satisfactory performance and has a record of offering trustworthy binary options trading services. Since the founding of this broker, it has worked to maintain excellency. Binary Options Traders rely on ETX Capital because of their fair dealings and clear description of their services. Some of the features of this platform which grab the attention of many include the 24/7 customer support, demo account services and ability to keep in touch with the financial market through mobile devices.

ETX Capital Login

ETX Capital was launched with an aim of introducing high technology while still providing reliable trading platform to binary options traders. They have a organised process that is designed for the account registration. When registering, the traders is only required to provide their username, email address and location for safe and fast registration. But for deposition of funds the process is a bit complicated. Since a broker is liable for the funds safety, valid information is required so as to verify the trader’s location and address. That is the reason as to why the trader is asked to submit copies of their national ID card, driving license and a utility bill so as to activate their account. The Verification process only takes a period of 24 hours. When registering for an account with this broker, it is up to the traders to select their preferred currency type and payment method for the initial deposit. Once logged in with ETX Capital you unlock a trading world where thousands of assets are offered to choose from.

Comparing ETX Capital with any other platform, it is preferred by most binary options traders due to user friendly trading platform and their four trading account types with a maximum of $20,000 bonus, a minimum deposit of $250 and a low investment amount of $10. With ETX Capital all their account holders are awarded bonus depending on their initial deposit. The broker offers a variety of trade options which include the 60 seconds, High/Low, Pair Options and Long Terms options.

For the sake of money transfer methods, ETX Capital allows the use of Skrill Moneybookers, Amex, MasterCard and Visa for depositing and withdrawal as well. So as to the enhance of the customer’s funds, the account is verified before depositing funds.

During the ETX Capital Login process, traders are also supposed to select their account type. For the Newbies, it is recommended that they sign up for a demo account so as to learn some basic binary options trading strategies and market trends. Actually, in the demo account, there is no loss of actual money since the investment is made through virtual money. For every real account type, there are specific requirements.

The login process is also possible through the smartphones. The trader only needs to download the mobile application and get login to their account by feeding in their username and the authentic password.

ETX Capital Minimum Deposit

The ETX Capital Minimum Deposit makes it possible for new traders to register for a trading account and enjoy a welcome bonus as well as high payouts. Traders can deposit their funds in form of three currencies which are: GBP, EUR and USD. Professional traders and newbies are welcome to invest their money depending on their financial status. The broker offers 4 types of real accounts where different percentages of welcoming bonus are given along with other trading supportive tools.

Although the registration of an account is simple, the verification process needs several documents. All traders who are registering for a new account with ETX Capita are requested to submit their real address, contact number and name. For the purposes of verifying the provided information, a scanned copy of a utility bill, driving license and ID card with the traders photo is required. If all the submitted documents and the provided information match, the account is verified and the trader is allowed to deposit money into the account.

Irrespective of the trader’s account type, a trader is only allowed to trade in a single currency which is selected at the time of the account registration. The trader should keep in mind that the currency type cannot be changed after the trader have deposited the initial funds. For the purposes of depositing funds, Skrill Moneybookers, Amex, Visa and MasterCard are the allowed options.

The log in process only requires that the trader provides the correct information; username and password. Failure to do so will make the trader to be barred from accessing his or her own account. But if the trader has forgotten his password or username he or she can contact the customer support team and they will guide them accordingly.

The ETX Capital trading platform is dedicated to making the trading terms simple and easy for traders. This is even the reason behind the introduction of their mobile services. All traders registered with this broker, except USA nationals are encouraged to utilise the mobile application when registering an account, for the verification process and when depositing funds if they can’t access a computer. The trader can get logged in to his or her account anytime through the mobile application and invest at least $10 to start trading.

By depositing the minimum required deposit, binary options traders can access the regulated and authorized ETX Capital binary options trading platform. Even after the trader makes the ETX Capital Minimum Deposit, the trader should not try to invest all the deposited funds in their first trade. It is recommended that the trader should go for the lowest investment especially for beginners, since they are not well versed with the trading terms. It is very likely that if they use all funds in the first investment/trade and the result is not as expected, there are very high chances that they will never invest in binary trading any more. The best way is to use the minimum investment possible so as to receive maximum profit.

Monecor (London) Limited Information ETX Capital

Although the ETX Capital are not exclusively a binary options broker since they also offer other services like Forex and CFDs trading, they have stood out in a very competitive market due to their excellent services. The company running the ETX Capital broker is Monecor (London) Limited, which is a UK based and authorized financial services provider that provides a multi-asset securities trading around the world. Monecor (London) Ltd has a very long history in this industry and guarantees safety for traders through their UK license. This UK company makes sure that all trades are done according to the rules and regulations. Therefore, traders can be sure that when they are trading with ETX Capital, they are entitled to getting the best trading services.

Monecor LTD was started in 1965 and later became a participant of London Stock Exchange. The company entered online financial services in 2002, by starting TradIndex, which was a proprietary platform to offer retail securities trading services. Later, Moniker (London) Limited merged with a consortium which included the JRJ Group (United Kingdom) and the BXR Group (Netherlands). Following this merger, the platform was re-branded as ETX Capital. Then they also added ETX Binary as one of the supported trading platforms for binary options trading. During the years they have seen a growth in their international presence in France, Italy, South Africa, Germany, Greece, Spain among other countries.

In 2020, after launching their ETX MT4 metatrader platform, they also spread their services to Denmark, China and Romania. Then in 2020, they launched the ETX Binary in 2020 and designed the Russian, Slovenian, Turkish, Polish, Arabic, Czech and Hungarian versions of their website.

Best Binary Options Brokers 2020:
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    Free Demo Account! Free Education!

  • Binomo
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    Honest broker!

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