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
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 rating formula, ETX is a good choice for Swing Traders, but not a good choice for Day-Traders and Carry Traders.
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%) |
|
98.9% |
|
42.9% |
|
73.2% |
|
75.0% |
|
72.2% |
| TRADING EXPERIENCE | |
|
68.5% |
|
64.3% |
|
59.1% |
| TRADING STYLE | |
|
66.0% |
|
76.9% |
|
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)
■ FOREX RATINGS: ► RoboForex Rating | ► TitanFx Rating | ► FXDD Rating | ► IC Markets | ► FxOpen | ► FP Markets | ► FBS Group | ► AXI Rating
■ COMPARE: » Brokers Directory | » Automated Trading Systems
□ ETXCapital.com Rating Review
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