ETX Capital Review

5 stars based on 50 reviews

Looking for a strong binary options broker backed by a company that has strong regulation and a good reputation in the industry has become essential. There is simply no guarantee that a binary broker etx capital binary broker review remain in business considering how competitive the industry is. Based on these factors, when searching for a good broker that has been around for a while and knows the online retail forex trading industry, ETX Capital is the eventual choice.

Monecor Limited is unique, considering the company was established inlong before online retail trading became a popular way to trade. The trading platform etx capital binary broker review quite simple to use and quick to load with the interface, allowing for a quick change from one type of binary options contract to another.

Once you open a trade, the platform allows you to sell it back before the original expiry time. There are three different types of binary options: ETX Capital offers short trades from as little as 60 seconds and long-term trades up to one month.

There is a wide choice of forex, commodities, indices and shares available for trading in very short-term expiring contracts. In addition to the short-term expiring contracts, there are also 15 minute, hourly and daily options. Longer term binary options are available for end of week or end of the month. The ETX Capital's binary options trading platform has a charting interface, but it is very limited, displaying only the mountain or area chart. There is no option to make use of any drawings or any indicators, which makes it limited in scope as far as any technical analysis is concerned.

You can trade a wide array of binary options contracts, spanning across forex, commodities, indices and shares. In total, there are about 24 forex currency pairs, 11 commodities, 9 etx capital binary broker review stock market indexes and 29 stocks from international exchanges. These apps are free to download and allow for easy trading directly from mobile devices. Users can search for ETX Binary to download this app, which allows for quick navigation across assets and the ability to place and watch trades.

ETX Capital offers free binary demo accounts. To take advantage of this, you simply need to enter your details. Registration is quick and allows you instant access to the ETX binary trading platform. Demo trading is quite useful if you want to give ETX Capital a try. It is a great way to become acquainted with the platform and understand how it works. Opening a real account with ETX Capital is quick and simple.

You need to enter a couple of details to open a binary account. All accounts need to be verified by supporting address proof and ID documents as s binary trading platform to place your trades. Given that the ETX Capital charting platform is etx capital binary broker review advanced, the best trading strategy is to conduct your technical analysis on a different charting platform and use ETX Capital's binary trading platform to place your trades.

A safe trading strategy is to stick to forex majors or some well-known stocks to trade end of day expiries to begin with. Withdrawals from an ETX Capital account are free for every client for the first five times during a calendar month. However, this is applicable only for amounts above USD. The withdrawal approval usually takes a few hours; the fastest method is e-wallet.

There is also an inactive fee that is charged per month. This fee is applied to accounts that are dormant for more than days continuously. The dormant account fee etx capital binary broker review around 25 USD and is a monthly charge. Traders can avoid this dormant fee by telling ETX Capital to close their account or if their balance is zero.

Customer support at ETX Etx capital binary broker review is very professional, staying true to the company's reputation. You can easily contact customer support via phone local UK number.

There is a dedicated support page with a plethora of knowledge-based articles and how-to guides that answer many questions about ETX Capital's binary trading.

Traders can join free educational seminars, provided by independent trading companies, for all levels of experience. ETX Capital is also active on social media, including Twitter, LinkedIn and Facebook, where you can also quickly contact support personnel. In my view, ETX Capital's binary product is stable and trustworthy.

The broker has a reputation of being a well-established company in the industry. Furthermore, the firm is regulated by the FCA, adding an additional layer of security and transparency. The trading platform is a bit limited in terms of technical tools, and you can most certainly find brokers with better payouts.

The withdrawals are completed in less etx capital binary broker review 24 hours, and there are little to no extra fees involved. I can say ETX Capital is a reputed broker and reflects a sense of trust and respect. You can also share your ETX Capital review in the comments below.

Skip to etx capital binary broker review content. ETX Capital binary options. Types of options There are three different types of binary options: Expiry time ETX Capital offers short trades from as little as 60 seconds and long-term trades up to one month. Indicators The ETX Capital's binary options trading platform has a charting interface, but it is very limited, displaying only the mountain or area chart.

Assets You can trade a wide array of binary options contracts, spanning across forex, commodities, indices and shares. Etx capital binary broker review account ETX Capital offers free binary demo accounts. Trading strategy Given that the ETX Capital charting platform is not advanced, the best trading strategy is to conduct your technical analysis on a different charting platform and use ETX Capital's binary trading platform to place your trades.

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Primarily a spread betting and CFD Contracts for Difference brokers, they have added binary options to their portfolio. While binary options are yet to fall under the authority of the FCA, it is good to know the firm themselves comply due to the CFD element of the business. The left hand side of the trading platform is the asset and options list. The lists are extensive, with all major FX pairs covered. Once the option and asset have been selected, the price graph will update on the right of the screen.

The stake level is above the price graph, with preset buttons available to quicken the trading process. The Call and Put buttons are clear, with the strike price illustrated between the buttons.

The price graph will also show the current status of the trade, with either a blue in the money box or a red out of the money box highlighting the current direction of the trade. This can be used to cash in profitable positions, or to reduce loses on trades which have moved against the trade.

Traders can login at any time to view their current positions and sell them if they want to. The range of assets is excellent and the option types are good — some additional expiry times within the long term range, and perhaps adding Ladder or boundary options, would mean ETX compete with the very best for trading choice. The mobile app has been separated from the CFD trading app, to focus purely on binaries.

Available on Android v3. All assets and trade types are on offer from the mobile platform, as are trade history and account management features. The mobile app is available free to all ETX customers. The download is quick and simple, and traders can login and trade quickly. The levels are certainly very competitive. Deposits can be made via exactly the same options over the mobile apps. Withdrawals are a positive at ETX.

Bank transfers should be process in 2 or 3 days — withdrawals to a debit or credit card will take a day longer. There no fees for withdrawals — unless traders make of 5 requests in a single calendar month. An account is deemed dormant if there are funds in it, but no trades have been placed over days.

Mobile App — Yes. Compatible across android, iOS iPhone and iPad and windows devices. ETX offer some very tight spreads. For example, just 0. Forex spreads are a particular strength, but ETX are competitive across the board.