Forex ETX Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

ETX Trading Conditions

Registered Region United Kingdom

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email newaccounts@etxcapital.com

Contact Number +357 22 000 585

Website www.etxcapital.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments across multiple asset categories
User-friendly platforms including MetaTrader 4 and web/mobile versions
Multiple account types catering to different trading needs
Access to demo account for risk-free practice
Various payment methods for deposits and withdrawals

Cons

Not regulated by any recognized financial authority
Concerns about withdrawal issues and potential scams
Lack of educational resources for traders
Limited trading tools and features on platforms
Additional fees for deposits and withdrawals may apply

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	ETX	FXTM	EC Markets	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	United Kingdom	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does ETX Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners, casual traders	Access to a variety of trading instruments, user-friendly platform	Suitable for small-capital practice
Professional Account	Experienced traders	Enhanced trading features, potentially lower spreads	Requires trading volume qualifications
Corporate Account	Corporate clients	Customizable trading solutions, dedicated support	Requires corporate documentation
Islamic Account	Traders seeking swap-free options	No overnight interest fees	Must comply with Islamic finance principles
Demo Account	All traders	Practice trading without risk, access to real market conditions	Ideal for testing strategies

Account Opening Process

To open an account with ETX, potential clients need to follow a straightforward process. Initially, applicants must submit personal information, including employment and financial details. This is followed by identity verification, where clients are required to provide a form of identification and proof of address. Additionally, there is flexibility in account types, allowing traders the option to upgrade to a professional account later if they meet the necessary criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Competitive pricing for major currency pairs
CFDs (Stocks, Indices, Commodities)	Varies	$0	Accessible spreads for a range of CFDs
Cryptocurrencies	Varies	$0	Dynamic pricing based on market conditions

Other Fees

Clients should be aware of several additional fees associated with trading through ETX. These may include deposit and withdrawal fees, inactivity fees for unused accounts, and potential platform usage fees. Overnight interest rates, or swap rates, may apply to positions held overnight. Additionally, currency conversion fees may be incurred for transactions involving different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

ETX User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Smith

London

★ ★ ★ ★ ★

I’ve been trying to withdraw my funds for weeks now, but every time I request it, they claim my account is under ‘risk control’. It’s incredibly frustrating and feels like a scam. I wouldn’t recommend ETX to anyone looking for a reliable broker.

Emily Johnson

Manchester

★ ★ ★ ★ ★

I’m impressed with the range of trading instruments ETX offers. The MetaTrader 4 platform is user-friendly and the execution speed is fantastic. I appreciate having a demo account to practice my strategies without any risk. Overall, a great experience so far!

Michael Brown

Birmingham

★ ★ ★ ★ ★

While I like the variety of assets available, I’ve faced issues with customer support. They seem overwhelmed and my queries often go unanswered. It’s concerning when you need assistance with trading. I hope they improve their service.

Sarah Davis

Liverpool

★ ★ ★ ★ ★

ETX has a solid platform and offers competitive spreads on major pairs. My trading experience has been mostly positive, and I find the educational resources helpful. However, I do think they could enhance their customer support response times.

United Kingdom Market