ETX CAPITAL RATING -OVERALL SCORE {72.2%} (?)

 

ETX Capital is a UK-based STP broker speciliazed in CFDs/Spread Betting, licensed by the FCA (UK).

Deposit Requirements: 100 USD

Funding: Cards | Bank Wire | Neteller | Skrill | UnionPay

Platforms: ETX TraderPro | MetaTrader-4 | Mobile Traders

Customer Support: English | Arabic | Russian | Spanish | Chinese | Czech | Danish | French | German | Greek | Hungarian | Italian | Polish | Portuguese | Romanian | Turkish

» ETX Capital Website

Chart: ETX Basic Ratings (Based on ForexRating Formula 5.0)

The RatingFormula 5.0 gives a very good rating as concerns ETX safety of funds, and a very low rating as concerns competition. According to the RatingFormula, ETX is a good choice for Swing Traders, but not a good choice for Day-Traders and Carry Traders.

Chart: ETX Special Ratings

ETX CAPITAL RATING SUMMARY

The following table contains ETX's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.

FOREX BROKER RATING (MAX 100%)
  • ETX CAPITAL FUNDS SAFETY
98.9%
  • ETX CAPITAL TRANSACTION COST
42.9%
  • ETX CAPITAL TRADING OPTIONS AVAILABLE
73.2%
  • ETX CAPITAL TECHNOLOGY
75.0%
  • OVERALL RATING
72.2%
TRADING EXPERIENCE  
  • ETX CAPITAL FOR FOREX BEGINNERS
68.5%
  • ETX CAPITAL FOR ADVANCED FOREX TRADERS
64.3%
  • ETX CAPITAL FOR PROFESSIONAL FOREX TRADERS
59.1%
TRADING STYLE  
  • ETX CAPITAL FOR INTRADAY TRADERS
66.0%
  • ETX CAPITAL FOR SWING TRADERS (MID-TERM)
76.9%
  • ETX CAPITAL FOR CARRY TRADERS (LONG-TERM)
46.0%

ETX CAPITAL DETAILED RATING REVIEW

 

ETX CAPITAL RATING ANALYSIS    
ETX CAPITAL TOTAL RATING   100.0%  
      72.19% FULL ANALYSIS
A. ETX CAPITAL  SAFETY OF FUNDS MAX WEIGHT→ 28.0% 27.69% Rating the ETX Safety
A.1 ETX License / Regulation FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating 10.0% 10.00% ETX is regulated by the FCA (UK) = 10% rating
A.2 ETX Client Compensation in Case of Insolvency Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
5.0% 5.00% ETX offers client compensation (in case of insolvency) up to 50,000 GBP= 5.0% rating
A.3 ETX Country of Headquarters UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand  = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% 5.0% 5.00% ETX maintains headquarters in the UK = 5.0%
A.4 ETX Years in the Market 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% 5.0% 5.00% ETX was found in 2002 (10+ years) = 5.0% rating
A.5 ETX Client Account Segregation Client bank account segregation =  2.5% rating | No = 0.0% 2.5% 2.50% ETX provides client bank segregated accounts = 2.5%
A.6 ETX Web Ratings ForexPeaceArmy Rating = 0.5% rating 0.5% 0.19% ETX ForexPeaceArmy Rating is 1.9/5.0 = 0.19% rating
A.7 (+) ETX ADJUSTING RESULTS        
A.7.1 ETX Corporate Size 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating 1.0% 0.00% ETX handles less than 250,000 accounts = 0% Rating
B. ETX CAPITAL TRANSACTION COST MAX WEIGHT→ 28.0% 12.00% Rating the ETX Transaction Cost
B.1 ETX spread on EURUSD <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% 7.0% 2.00% Typical ETX EURUSD spread is 1.8 pip = 2.0% rating
B.2 ETX spread on GBPUSD <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 2.00% Typical ETX GBPUSD spread is 2.0 pips = 2.0% rating
B.3 ETX spread on USDJPY <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 1.00% Typical ETX USDJPY spread is 2.4 pips = 1.0% rating
B.4 ETX Trade Commissions No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating |  < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating  7.0% 7.00% ETX does not charge trading commissions on the tested account type = 7.0%
B.5 ETX Overnight (SWAP) rates Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% 2.0% 0.00% ETX rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$9.55 | ETX rollover on a Short EURUSD trade worth 1 lot ($100,000) is -$2.19 | Total cost in absolute value is $11.74, rating = 0.00%
B.6 ETX Commissions on Funding No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating  2.0% 0.00% Withdrawal commissions = 0.0% rating
B.7 ETX Inactive Fees No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating 1.0% 0.00% ETX charge Inactive Fees (90 days of non-activity) = 0.0% rating
B.8 (+) ETX ADJUSTING RESULTS        
B.8.1 ETX Execution Model ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating 2.0% 0.00% Dealing desk = 0%
C. ETX CAPITAL TRADING OPTIONS MAX WEIGHT→ 28.0% 20.50% Rating the ETX Options for Traders
C.1 ETX Forex Asset Index 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+  Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating 8.0% 8.00% ETX Provides 45+ Forex Pairs = 8.0% rating
C.2 ETX CFDs CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% 2.5% 2.50% ETX offers CFD trading = 2.5% rating
C.3 ETX CFDs on Futures CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating 1.5% 1.50% ETX Offers CFDs on Futures = 1.5% rating
C.4 ETX Free Practice Account Practice Account = 2.0 % rating, No = 0.0 % rating 2.0% 2.00% ETX Provides a free Demo/Practice account = 2.0% rating
C.5 ETX Trading Leverage Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating 1.0% 1.00% 200:1 max Trading Leverage = 1.0% rating
C.6 ETX Bonus/Rebate Promotions   5.0%    
C.6.1 ETX Welcome Bonus (%) Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating   0.00% No Welcome Bonus at the time of this rating review = 0.0% rating
C.6.2 ETX Trading Rebate (%) Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating   0.00% ETX Offers no trade rebates = 0% rating
C.7 ETX Min. Account Size Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating 2.0% 1.50% The min. deposit amount is $200 = 1.5% rating
C.8 ETX Number of Deposit Methods For every deposit method = 0.5% rating | max = 5 methods 2.5% 2.00% 4 fund methods available (Bank Wire, Cards, Skrill, Neteller) = 2.0% rating
C.9 ETX Number of Withdrawal Methods For every withdrawal method = 0.5% rating | max = 5 methods 2.5% 2.00% ETX offers the same 3 withdrawal methods = 2.0% rating
C.10 Minimum Stop-Order Levels (in pips) 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating 1.0% 0.00% ETX offers more than 4 pips minimum stop-out order distance = 0.0% rating
C.11 (+) ETX ADJUSTING RESULTS        
C.11.1 Offering more than 100 Forex Pairs Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.00% No = 0%
C.11.2 Paying Interest on unused funds Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.00% No = 0%
C.11.3 ETX Contests Contests = 0.25 % rating | No = 0 % rating 0.25% 0.00% No = 0%
D. ETX CAPITAL TECHNOLOGY MAX WEIGHT→ 16.0% 12.00% Rating the ETX Technological Efficiency
D.1 ETX Trading Platforms Availability For every Platform = 1.0% | max = three (3) platforms 3.0% 2.00% ETX offers MT4 and ETX Pro = 2.0% rating
D.2 Trading-On-Charts Offering Trading-On-Charts = 1.0 rating | No=0% 1.0% 1.00% ETX is offering 'Trading-On-Charts' = 1.0% rating
D.3 ETX Slippage on Execution Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating 1.0% 0.00% ETX Slippage on execution is more than 1.75 pip = 0.0% rating
D.4 ETX Automated Trading Allowance Automated Trading is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.00% ETX allows automated trading = 2.0% rating
D.5 ETX MT4 Platform Availability MT4 is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.00% ETX offers the MT4 platform = 2.0% rating
D.6 ETX Mobile Apps iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points 2.0% 2.00% 3 different ETX apps are available (iOs, 1 Windows and Android) = (max) 2.0% rating
D.7 ETX Allowing Scalping / Hedging Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating 1.0% 1.00% ETX allows both Scalping and Hedging = 1.0% rating
D.8 ETX Customer Service 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating 4.0% 2.00% ETX offers 24/5 Customer support = 0%, via eMail, Phone = 2.0% | Total rating is 2.0%
D.9 (+) ETX ADJUSTING RESULTS        
D.9.1 ETX PAMM / MAM Accounts PAMM / MAM Accounts = +0.5% rating | No = 0 % rating 0.5% 0.00% No = 0%
D.9.2 ETX Free VPS Free VPS = +0.5% rating | No = 0 % 0.5% 0.00% No = 0%
D.9.3 ETX API Trading API trading = +0.5 % rating | No API = 0.0 % rating 0.5% 0.00% No = 0%
    TOTAL ETX CAPITAL RATING 72.19%  

ETX CAPITAL LICENSES AND LEGAL INFORMATION

■ ETX is the trading name of Monecor (London) Ltd, based in London, UK

■ Monecor (London) Ltd is a member of the London Stock Exchange (LSE)

■ ETX is regulated by the FCA (UK), Registration Number: (124721)

■ ETX covers up to 50,000 GBP per client in case of corporate insolvency (FCA UK scheme)

 

 

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ETXCapital.com Rating Review

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