ETX Capital Broker Review ¦ Binary Options Brokers in South Africa

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ETX Capital Broker Review 2020

ETX Capital is a brokerage company established in 2020 and operated by Monecor Limited. Go traders residing in South Africa, ETX Capital-Binary presents a modern platform with a wide selection of trading features and tools for trading binary options.

This broker is a regulated binary options broker. Also, they operate on global financial market, South African market included. To know more about this binary options broker and what does it offer to interested traders in South Africa, we recommend to read further our ETX Capital broker review.

ETX Capital General Info – South Africa

Our ETX Capital broker review showed how minimum deposit amount to begin trading binaries is $100. This amount in way below an average in binary options industry and might be one of the main reasons while people decide to deposit with ETX Capital broker.

Minimum investment is set to $10, while maximum investment is $2000 per trade. This broker offers very attractive returns, even up to 100%, which seems exquisite. Accepted currencies are: USD, GBP and EUR.

ETX Capital Trading Platform and Features

We also learned in ETX Capital broker review how trading platform is based on ProTrader software, which shows user-friendly interface.

Available trade options on ETX Capital trading platform are: 6’0 Seconds, High/Low, Pair options and Long Term options. Expiration times for these options can range from 30 seconds up to 24 hours.

With ETX Capital binary broker, it is possible to trade both binary options and CFDs. however, in this ETX Capital broker review, we’ll focus on trading binary options and what trading features can be used for a successful binary trading process.

This broker offers a selection of trading tools and features which South Africans might use to have a profitable trading journey as well as experience trading on the go. By this we mean how ETX Capital broker provides traders a mobile app, for ability to access the platform from anywhere. Mobile app is connected to both Android and iOS systems.

ETX Capital mobile app is actually simple to use and presents a clear overview of the trading platform as well as History (to track past trades) and current trades for ongoing trades.

If traders in South Africa wonder which assets are available, answer to that question is: stocks, commodities, currencies and indices. In total, there are more than 100 assets available on ETX Capital platform. Under Learn tab, traders can learn more about each underlying asset type in order to get more info about different assets on financial markets.

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On ETX Capital platform, South African traders might encounter two options to trade on: demo account and live trading account. This option is presented right away, in the upper part of the platform.

Demo account is considered as popular and useful trading features since it can be out of great help for traders novice. On demo, traders have an option to practice and perform different techniques to see what works the best for them.

To use ETX Capital demo, traders in South Africa first need to provide following information, such as: first and last name, phone number and email address. Our ETX Capital broker review revealed how this demo is funded with a $10 000 of virtual money since no risk is involved (meaning how no real money is to be invested).

ETXCapital Review

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ETXCapital Broker review

ETXCapital si an interesting binary broker that offers a great trading variety. It is also regulated by the FCA in the United Kingdom. ETCCapital review will, as all our reviews, provide more detailed information on this broker. Please keep in mind how this broker offers CFD trading and forex trading as well. All these trading types are available with a single account, which makes this broker very user-friendly.

Before making a deposit, make sure to read ETXCapital review and find out more about different aspects of trading with this broker such as features, platform, trading interface, depositing and withdrawing methods etc.

ETXCapital Special features

In this part of ETXCapital review we will make traders familiar with different accounts that this broker offers. Basically, there are two available accounts for all traders who decide to register. The registration process is fairly simple, and traders used to the online environment shouldn’t have any difficulties doing it properly.

ETXCapital also has a demo account, a feature that we are always happy to see. If you want access to the ETXCapital demo, you must first make sure to register. After that is done, you cans tart using the demo. Demo account is a great tool that can help every trader to research the broker. Demo platforms are usually exactly the same as the real trading platforms, which means they give a realistic trading experience. ETXCapital demo account has $10,000 virtual money which means that all losses and all profits are virtual as well. Demo account may not bring you any money, but it will give you a great advantage as you will get used to the platform.

After you test the platform with the demo, it is time to open a Real trading account. Minimum deposit required by the ETXCapital is $100. The great news is that a single account can be used for all types of trading offered by ETXCapital: CFD, Forex, spread betting, indices, shares, and commodities. This offers great portfolio diversification opportunities, but keep in mind that it is always the best practice to get familiar with different aspects of each type of trading before placing a trade. Even though they all seem similar, these trading types are very different.

For example, forex trading has completely different terminology and premise than binary options trading. In ETXCapital review we noted how maximum leverage for forex traders is 1:400 and minimum spread on popular EUR/USD currency pair is 0.7 pips.

ETXCapital Trading Software

ETXCapital is using ProTrader platform that provides interesting approach towards binary options trading. However, all useful features and nifty tools don’t make it crowded, so it still looks well organized and easy to use. ETXCapital promises trades delivery without delay which is important for all traders, but especially those that prefer shorter expiry times. ETXCapital review how there are many dynamic charts integrated on the platform that can be used side by side with plentiful tools. ETXCapital also has mobile app that can be used on all modern smartphones. This gives traders an opportunity to trade on the go. For example, they can place trades while waiting in line or commuting.

Both trading platforms allow easy following of the trading process. However, keep in mind that it will be much easier to conduct an analysis on a larger screen like laptop or desktop computer. In the middle part of the platform, you will see the place where trades are placed. You can set asset and expiry time in appropriate fields. Also, you can follow active trades and history of your trading for even better understanding of binary trading.

This is only valid for binary trading, as other types of financial trading have their own sets of tools and features. Make sure to research them before placing a trade.

ETXCapital Support information

ETXCapital is a broker that has admirable customer support. This aspect of binary trading is frequently neglected, but customer support is the only way to get to the broker. The customer support is available only in English, and few more popular languages would be great addition to their portfolio. ETXCapital review showed that there are different customer support types for existing traders and those traders who still don’t have an account. Both types of traders can reach the support via different communication channels.

ETXCapital review noticed how this broker also offers several educational resources, that traders can use to gather more information on binary options trading. There could me more materials for advanced traders, but it is a good place to start. Also, there is an FAQ section that gives answers to many common questions.

ETXCapital Banking and company information

ETXCapital review showed how this broker is in the ownership of Monecor LTD. It is also regulated by the FCA agency from the United Kingdom.

Traders who want to make a deposit or request a withdrawal can easily do so by using the payment methods offered. For example, it is possible to use bank wire, all major credit cards, but also some smaller e-wallet companies such as UnionPay, Skrill, Neteller, Sofort and Giro Pay.

All traders who want to make a withdrawal should know how first 5 withdrawal each month are free of all fees, as long as they are over $100. We advise you to check the withdrawal part of the website as many of the methods mentioned above are connected to certain currencies or countries. Make sure to understand that before making a deposit.

ETX Capital Review

ETC Capital introduction
ETX Capital operates as a subsidiary of Moceor Ltd, a company under regulation by the English FCA which authorizes financial dealing firms.
ETX Capital is a company focused on delivering its clients several market types such are CFDs or spread bets.

The company was established in early seventies, and it has seen its growth since then. Its main brag is customer orientation business for which the company wants to be known for.London-based ETX Capital, owned by 1965-founded Monecor Limited, is an AIM listed forex dealer.
In the summer 2020, ETX Capital changed to the trading platform Market Pulse, which is trading binary options.
The platform is getting more and more popularity because of its 100% returns that it.
To remind, options in this range usually have return of 81% for EUR/USD or for the GBP/USD, 80%.
ETX Capital has an enhanced market commentary as well as news wire. ETX Capital provides to its traders a solid support from its experienced and well informed advisers.
A significant aspect of ETX’s license is that it is registered with the England’s FCA, but it’s also regulated by it. FCA is one of the Europe’s most recognized regulators, along with Germany’s BaFin or Cypriot CySEC.
As ETX being regulated by FCA, that gives more reassurance to the UK-based traders.
In addition, this broker has a license to operate in South Africa known as CFD Central Securities Limited. ETX is a rare binary options broker licensed in South Africa.

Accounts
ETX Capital’s got only one account, and it is accessible for a minimum of a $100 entry. You can trade without any maximum limit, but the company keeps at least 15% of your payout.
The company offers different tight spreads for different products, and it goes 0.7 pips with Forex, that being starting for EUR/USD. For commodities, minimum spreads start with 3 pips, and for equities, the company offers 0.08 percent of indicative spreads. Minimum spreads for major indices begin at 1 pip.
In addition, the leverage rates are 100/1 for most products with maximum of 400/1 on some of the MT4 products.
Features
There are four trading platforms at ETX Capital. The newest one is for trading binary options. Each can be used on android and iOS run mobile devices. At first, it was just iPhone, but later, Android has been added as well. There are a number of trading assets that traders can choose from. One of the best things you see when you get to ETX is actually how it looks. You will immediately notice that its user friendly interface is not going to have any obstacles for you to get around. It is possible to access the website in almost 20 languages. The company also gives fixed spreads and variables.
There are several CFDs for trading at ETX Capital. Those include indices from Wall Street, Australia 200, UK 100, Germany 30, Japan 225 and Honk Kong and France 40, Poland and Greece 20, as well as the Swiss Market Index.

ETX Capital deposit and withdrawal
ETX has done its best to make withdrawing money as easy as possible. As you might expect, depositing money is hardly an issue with any broker, because companies prefer to enable and encourage you to give money to them. However, withdrawals are usually made a bit more complicated so that you think twice before withdrawing your money. Not on purpose, though, because it is four your own safety. Wasn’t that the case, it would be easier for the crooks to hack your money away.
As for depositing and withdrawing money with ETX Capita, it is as standard as it gets, the usual steps for each action. You can use bank transfers, credit cards, and chose payment plans.
However, when you do deposit money, this company made sure you get some bonus, and it varies from 30% to 60%, depending on your deposit. The minimum of $1000 gets you 30%, and for $10000 or more, your bonus rises to 60% maximum.

ETX Capital Review
Having that said, let’s what trading platform does the company offer to its customers. ETX Capital’s customers can trade on two different platform types; ETX Capital platform, and hardly skipped platform – MetaTrader4
Its own platform, Capital Proprietary, has been described as fast and powerful. It enables trades execute trades by the speed of thought, metaphorically speaking, thus letting them lock in any specific desired prices.
Additionally, click trade execution option and trade-through chart possibility cuts down your time for trading even. Some other noteworthy options on this platform are watchlists and stops being guaranteed.
As for the world’s most famous and most recognized platform, the MT4, there has been enough said, but let’s be reminded once again that it is customizable and a platform equipped with manyfeatures, tools for detailed analysis and other necessary gadgets to analyze market.
ETX Capital offers to its clients doors to many markets such are forex, equities, bonds, stock indices, commodities, interest rates, and exchange traded funds (ETFs).
This broker offers payable spreads that can be variable of fixed. Fixed ones are competitive for the most popular currency pairs (USD/GBP and USD/EUR) with pips of 1.5 spread. For indices, spreads are lower, being 1 pip.
ETX Capital also has variable spreads. They are for six most commonly traded pairs. In example, USD/EUR pips begin at 0.7, whereas USD/GBP begins at 0.9.
Traders should constantly pay attention to the variable spreads, because ETX Capital monitors their prices so it can offer the spreads as tight as possible.
As for the customer support, it can be attained in a couple of languages among which are Chinese, Danish, Greek, Italian, French and Spanish.
You can reach the support section by phone, fax, and of course – email.

ETX Capital offers to its clients comments on market, analysis, videos about the market and International Business Times subscription.
Demo account for two weeks is also available, with £10,000 account balance.
As for bonuses and special offer, ETX Capital offers up to 60% bonus on deposit greater than £10,000. Minimum bonus of £1,000 will get you 30%.
Included in special offers, there is an eight-hour training for customers, which includes mentoring sessions on monthly basis. According to ETX Capital, the quality of this free course would usually cost more than $1000 elsewhere, on websites that offer similar courses. So if you find this to be not true, report and comment, you won’t be the first one, as there are many free courses, but then again – the point might be on the quality of the free material.
Four different platforms for trading and educational program, accompanied with daily financial video commentary is something to look forward to with ETX Capital. Opinion of many is that demo account is of a certain quality and those are the things that seriously go in favor of ETX Capital. However, the spreads available, unnecessary confusing notation about its training course for free is not something that would put ETX Capital to a pedestal.
All in all, a nice trial account and bonuses for opening and depositing account can, will, and does, draw attention to more new clients. Spreads that are rather average can’t spoil all the good things, and the design and looks of the spread betting website might be a nice experience.


ETC Capital platforms

Traders on ETX Capital have on their disposal four platforms, each with specific needs and possibilities. For quick trading with secured risk, there is ETX’s Binary platform. As seen on ETX Capital’s website, its Trader platform is designed to beginners who have fixed spreads without minimum deposit. For those traders who want to have more customized platform for their operations, ETX Capital has ETX Trader Pro, which should suit the needs with clients who have variable spreads spread across numerous markets set with a minimum deposit of $750. And there is MT4 platform with all-around access to expert help which enables traders to execute trades automatically.
Each platform can be reached via mobile devices that run on iOS and Android. As for the MT4, it can also be used on Windows-run devices.
The design is something you will see some critics give a lot of praise to, layout being described by many as modern and you can easily get along with. You’ll have to see that for yourself, though.
However, one thing that everybody should agree with, but can’t go as a “fact” is that TEX Capital’s educational program deserves praise. It has a fat portfolio of educational material that will take a lot of your time for all of it to be analyzed, or even read and listened to.
New clients, as well as existing ones will have a lot to read and listen to along their trading career with TEX Capital.

ETX Capital special offers
ETX Capital offers its new clients noticeable bonuses which go up to six thousand pounds for depositing more than one thousand. Claiming a bonus is possible through contacting customer service, which means that it isn’t automatic, or it wasn’t in the time of writing this.
But on the other hand, you are entitled to lift your bonus in cash if you trade at least three times of the bonus value in three months, for example, you have to trade three thousand in order to get a bonus of one thousand. You get the bonus either you make profit or not. However, the point is that you can withdraw your reward.
ETX provides to its users a free course that is worth $500 regularly. However, what you get for that “price” is actually two seminars that any other competitive company would offer for free as well. Basics that you learn are appreciated, but they don’t need to advertise is as something special, and surely not something special or something regarded as “that much” worthy.
ETX has had more bonuses for new customer and has been introducing new from time to time, so when this was written, that was the case. If you decide to explore it, there might be a new proposition and offer in terms of bonuses. The reason for that is that the ETX is still a new player in the field and it doesn’t yet have the needs to spend by giving too big bonuses and is very cautious about it.
We’ll note here that its bonus of $500 worth course isn’t exactly a course valuable to teach you more than the basics. So its value is very questionable.
How many markets can be traded here?
ETX enables you trading on 5000 markets, where shares, currency pairs and indices are included. It also enables you to speculate commodities and interest rates, as well as bonds.
On ETX Capital, four major financial markets are supported. Those are daily bets rolling, expiring market closure, futures both daily and monthly. The platform of ETX offers a quite diverse pallet of assets in comparison to its competition.

Educational options

The company supports a library for learning which many regard being among better ones in among the competition. There can be found seminars for all levels of traders. There are even tutorials for the absolute beginners who never had the opportunity to deal with this market sector.
There are also very comprehensible videos available. You can find explanations for all the major segments of betting spreads. There are also live sessions of seminars in which you are entitled to ask questions. Presenters in these interactive sessions will provide you with any answer you might have. This is not to be found very often, as even the live presentations are usually one-sided. What novice traders might find interesting is actually how amusing the educational videos are and how much fun learning brings. Beginners are definitely going to be amazed with the educational center, as it is very rich and exploring it, traders will really feel the need to learn more and find out more.


A word on Customer Support

Before saying that customer support can be reached by phone 24/5, you should know that you can use the website in more than 20 languages. There are separate lines for those who just joined the community, and separate for those who’ve been using it. Also, there is a special line for those desiring in opening a demo account. The reason for that is avoiding introductory steps for the client, so that they don’t wait to be transferred. The staff can focus better on their “expertise” (that being talking to a beginner and talking to an experienced trader).
Besides phoning ETX, it can be contacted via chat and email.

Conclusion
As for reliability, ETX Capital has fine guiding governance for traders’ business operations. Company shares calculations for Financial Resource on a daily basis. Thus ETX Capital allows traders to take part in Compensation Scheme for Financial Services, which is sanctioned by the government.
Besides having good platform overall, many users agree that the homepage can have a better navigation, as it can seem confusing, especially to those unaccustomed to what to look for.

ETX Capital is serious with its clients; for resolving possible issues traders could run into this broker uses an outside Financial Ombudsman Service.
Paying a lot of attention to the safety of its traders, ETX Capital has traders’ funds insured as much as £50,000. German and British banks have all the accounts, with investment grade ratings.
Open ETX Capital account

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