ETX Capital FR Reviews

Check out the current account balance requirements at OvalX in our What is the minimum account balance at OvalX article. Is OvalX legit features all the key aspects you need to look at to see if a broker is safe and legit. We emailed OvalX four times, and we received relevant and helpful answers in every case. As of January 6, 2021, the UK’s FCA has banned the sale of crypto-derivatives to UK retail consumers.

etx capital reviews

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. In the sections below, you will find the most relevant fees of OvalX for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. OvalX offers a range of charting and educational tools. The broker publishes market news regularly on its website, but fundamental data is not currently available.

On top of this, ETX Capital provides leverage rates at 100/1 for multiple products and as high as 400/1 on select MT4 products. You can add more funds to your trading account and choose which markets to explore or start placing trades straight away. However, you might want to practice with an OvalX Demo account first or use OvalX’s handy Education tools to enhance your knowledge. There is no specific information on ETX Capital’s website on the practice of scalping. Scalping is the act of buying and selling trading products within unusually short timeframes, with the aim of executing trades with narrow spreads and minimal pips.

See all daily index CFDs

The company’s award-winning technology also gives you access to commodities and shares trading in thousands of assets. Also, you can get a general aeon coin price prediction overview of trading options with OvalX’s ‘Learn’ series. They feature essential information on risk management, margin, and tradable assets.

Once you’ve done this, you can verify your ID by uploading a copy of your passport or driving license and a bank statement or utility bill. Based in London, OvalX trading platform has built up a good reputation in the industry. It’s regulated by the Financial Conduct Authority in the UK and CySEC in Cyprus. Spread betting and CFDs allow you to play the markets without actually buying stocks. Instead, you can use established trading strategies, expert tips, or gut instinct to predict price movements and invest accordingly.

BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . We tested it and collected the options and costs in How to withdraw money on OvalX. Our ultimate guide to the OvalX minimum deposit is updated regularly. OvalX hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid. The desktop platform hasgreat customizability.You can easily change the size and position of the tabs.

This broker conducts an eight-hour training program that includes a monthly mentoring class where you can discuss trading strategies. In addition, there are educational videos on their site on multiple topics and subjects. However, the restriction is to get a bonus you need to invest a minimum of £/$/€1000. UK-based financial services firm Monecor Ltd owns OvalX. Funds can be added to your account via bank transfer or credit/debit card. Online payment options, like Skrill and Neteller, are also available.

What does it mean when someone keeps calling you by your name?

THEY ENSURE THAT YOU LISTEN TO THEM: Another reason why people use your name in a conversation is that they want you to listen to them carefully. They could judge you when you are not listening to them. By calling your name, they want your total attention towards them and follow the conversation.

The same requirements apply to opening a free demo account. To register an account with ETX Capital, you’ll need to head over to, or download the mobile app. ETX offers a professional account for traders with £500,000+ capital and trade history of at least 10 significant trades within the past quarter annum. Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He’s also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

How do you withdraw money from OvalX?

Also, the Trading Signals feature in MT4 lets you automatically copy other traders’ transactions in your own account after reviewing and comparing their track records. As outlined in our OvalX review, the platform is customizable, intuitive, and easy to use. And while it may not offer as many trading options as some other online brokers, it does deliver excellent customer service and provides access to more than 5,000 markets. Styled as a boutique broker, OvalX specializes in CFDs and spread betting. Users can trade Forex, indices, share prices, commodities, and cryptocurrencies.

The TraderPro software has a well-laid-out interface and lets you access advanced features like charting and research. In addition, if you have any questions related to trading or the trading platforms, you can access ETX Capital’s customer support service around the clock during the trading week. Also, the intuitive and easy-to-navigate nature of the broker’s 2 supported trading platforms and its copy trading app gives the user an excellent trading experience. The MT4 remastered app, which allows for automation and access to a mini terminal, adds to the MT4 platform’s viability. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

While bank transfers can take 2-3 hours, the other deposit methods are instant. You simply need to select your base currency (USD, GDP, EUR, etc.) and input your personal details. These include your name, phone number, and email address. Later on, you’ll need to supply some additional information, such as your address and country of residency. Also, you’ll have to answer some questions to confirm your financial knowledge.

In this review, we analyze their key features, tools, and benefits for investors. Unlike top binary options brokers, ETX Capital offers only a single type of trading account. Visit their website and open your account easily by investing just £/$/€100. You can utilize the demo account to learn more about the trading platforms and their features before you invest real money. To sum up, the pros are advanced trading tools, excellent customer support, and multiple platforms.

You can only deposit money from accounts that are in your name. A bank transfer can take several business days, while payment with a credit/debit card is instant. OvalX has one basiclive account type, and it only provides accounts for individuals, no corporate accounts are available. Once you’ve completed the signup process and uploaded your verification documents, most accounts are opened on the same working day. Toll-free number or a direct number to the new accounts office where hours are 8 a.m.

Any instruments that are mentioned throughout are cited only for illustrative and educational purposes. Both offices can be reached through email or by regular mail to the London office. The broker also provides support via a live chat feature and Facebook Messenger. You can download the MT4 app from the ETX website for Windows, Mac, Android, and iOS.

Markets Coverage

Despite the lack of guidance, traders should do their own research. Regulated by four financial organizations, ETX Capital is considered a legitimate online broker. The company is UK-based and is regulated by the Financial Conduct Authority in aid of British traders.

OvalX has a clear portfolio report, but there is no clear report on fees.You cannot see a detailed breakdown of how much you paid in commissions or swaps to the broker. For example, if you want to trade a US stock CFD, just click on ‘Equities’ and select the US market. Features are easy to find after just a few minutes of use, and the platform is highly customizable. We tested the debit card withdrawal and it took 2 business days. To have a clear overview of OvalX, let’s start with its trading fees.

In addition to full-list LSE fundraising ability, the company can facilitate debt restructuring, buyouts, acquisitions and growth capital financings. And global markets, and it can provide direct access to international initial public offerings and secondary placings. The trading account you register for determines which of the three available trading platforms you can use. Similarly to the web and mobile trading platforms, there is only a one-step login for the desktop platform. OvalX offers a lot of deposit and withdrawals options, all free of charge. It also has a user-friendly and fast account opening process, as well as a lot of high-quality educational tools.

ETX Capital receives most of its compensation through the market bid/ask spread and commission on share CFDs. The only charges you could incur are from your bank or building society.Withdrawal FeeFive free withdrawals of any amount over $100 every year, $10 for each withdrawal thereafter. CFDs on commodities are offered as daily rolling contracts and futures CFD contracts. Here are the available CFD instruments at ETX Capital’s in-house TraderPro platform, as of January 2022. We included any information that is unlikely to go out of date anytime soon. At BrokerChooser, we consider clarity and transparency as core values.

best stocks to day trade today reveal that this broker stands a cut above conventional binary options brokers because they offer a choice of four trading platforms. The advantage of the MetaTrader4 platform is you can customize your trading strategies with expert advisers and focus more on market trends and analysis. ETX Capital’s strong 4.5 overall rating comes as a result of its excellent trading platforms, educational resources, pricing and trade executions. The broker also provides access to copy trading and spread-betting services.

In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading. Professional clients are not covered by any negative balance protection. For example, you can find webinars about trading strategies, trading tools, technical analysis, etc. OvalX is a CFD and forex broker that offers alarge number of currency pairs and CFDs. Its overall product lineup lags behind some of its competitors. You can set alerts and notificationsin the form of email or push notifications to mobile on the desktop platform.

OvalX Review 2022

On instruments like forex pairs, you can also trade forwards contracts — these have a future expiry date. Contracts-for-difference is one of the two products available with ETX Capital. You don’t own the underlying asset, instead, you place a trade and ‘bet’ on a directional price movement.

etx capital reviews

As well as finding the right broker for your needs, you’ll want to plan trades carefully and continually assess your risk tolerance. The ETX Capital Connect App lets you follow and copy other traders. The copy trading app features traders from more than 15 major brokerages that you can choose to follow and copy their trades into your own account. You will need to use the MT4 platform to use this social feature, however, because the feature is not available on ETX’s TraderPro platform.

You can learn all about spread betting, specific markets, technical analysis, and more. In-house experts as well as an independent trader firm offer free seminars. If you are unable to attend the seminars, you can watch pre-recorded and live online webinars that are provided free. However, you will find plenty of educational resources on the OvalX mobile app. This makes it easy for novice traders to learn the basics of CFD trading, spread betting, Forex, desktop version. The ETX TraderPro trading platform gives you access to advanced trading tools like a complete charting package.

Please note, this is an example – not a recommendation. A spread is the amount charged for buying and selling a trading fxpcm instrument. It is made up of the difference between the buy and sell prices of a product often referred to as ‘pip‘.

Its parent company Monecor Ltd. was established in 1965 and is regulated by the UK’s Financial Conduct Authority . Monecor Ltd., the entity that handles EU accounts, is regulated by the Cyprus Securities and Exchange Commission . Daniel Epstein is a senior financial research analyst at FinancesOnline and the architect behind our Fintech and ERP content division. His main areas of expertise are blockchain technologies, cryptocurrencies, and the use of biometrics in fintech solutions. His work has been frequently quoted by such publications as Forbes, USA Today, Entrepreneur, and LA Times.

OvalX review Desktop trading platform

OvalX offers two mobile trading platforms, TraderPro and MetaTrader 4. We tested TraderPro’s mobile trading platform as it is OvalX’s own in-house trading platform. We know it’s hard to compare trading fees for CFD brokers.

All you need to know about the OvalX customer service. Here’s our expert view after checking the OvalX trading app. OvalX is the brokerage brand of Monacor Ltd, which was established in 1965. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. Being in operation for a long time and regulated by a top-tier authority are all great signs for OvalX’s safety. Live chat is also helpful, but if you don’t provide answers quickly, the live chat platform closes.

etx capital reviews

To get a better idea of whether ETX Capital would be a good fit for you or your company, the broker offers a free demo account so you can gauge its platforms and other offerings. ETX Capital offers clients 2 excellent trading platforms, top-quality customer service and access to trading in various markets. New traders also can take advantage of the extensive educational features offered by the broker. ETX Capital was previously known as TradIndex and they are owned and operated by London-based Monecor Ltd.

OvalX review FAQ

We tested both TraderPro and MetaTrader 4 research tools, but primarily reviewed TraderPro because it is OvalX’s own platform. To set email or mobile notifications, you have to provide your email address and your mobile MetaQuotes ID (it can be found in the MT4 app’s settings). You can enter this information by going to ‘Tools’ and then ‘Options’. We missed a traditional search function, where you can just type in the name of an asset manually.

See the ETX Capital website for up-to-date minimum spreads, trading hours, and lot sizes for these indices. Minimum spread and minimum margin rates for forex pairs may change over time. Refer to ETX Capital’s website to ensure they’re up-to-date. Read on to find out about what you can trade, account types, fees, and to dig into an in-depth platform review. In our test of OvalX’s phone support, agents were connected within a minute and provided relevant answers. We also liked the professional tone of the customer service team.

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