Company Review: ETX Capital
Based in the UK, ETX Capital is an online spread betting firm which is authorised and regulated by the Financial Services Authority.
ETX Capital is the published trading name of Monecor (London) Limited, a firm which was originally founded in 1965 and prides itself on offering competitive pricing and innovation. Here are the key facts which you should know.
More on ETX Capital
ETX Capital offers a number of different markets for spread betting, including currencies, indices, commodities, shares and options. Bonds and interest rates are also available, together with ETFs.
As well as a customisable trading platform that features one-click execution, ETX Capital also has an iPhone trading app so you won’t miss a thing if you are away from your computer. The app is downloadable via iTunes. The main trading platform requires Adobe Flash and some of the more advanced charts need Java in order to run.
For those who prefer to trade outside of exchange hours, ETX Capital is open from Sunday night right the way through to Friday evening.
The spread size is one of the tightest available on the market, starting from just 0.5 with a minimum stake of just 50p. The small spread combined with the low stake make it an ideal place for beginners who have less cash to trade with. However, the spread size may be increased if a position is opened outside of regular exchange trading hours.
No deposit is required to open an account and transfers as low as 1p can be accepted from debit and credit cards.
ETX Capital is also a good source of spread betting education and customers can use free webinar sessions to acquire more knowledge about the market. They also offer seminars for traders to attend in person which are suitable for all levels of experience and are a relatively unusual benefit amongst spread betting firms.
Whilst trading, there are a number of resources supplied by ETX Capital as a means of helping investors keep up to date. A global newswire provides an ongoing news stream of important economic events and news from around the world, while early birds can enjoy the Daily Market Bite, a snapshot of what’s hot and what’s not and what to expect in the day ahead.
In the event of any problems, all customers have their own account executive contact at ETX Capital and can reach them via a personal email address or on a direct-dial number.