The asset classes that ETX Capital allows clients to trade are summarized below. Marko has been working on the road for over 5 years, and is currently based in Europe. Alongside writing and editing, Marko works on projects related to online technology and digital marketing. ETX Capital proceeds with margin calls when your cash balance drops under 50% of your initial deposit. Positions can be re-opened when additional funds are added to meet the required margin. If you want to buy a CFD worth £1,000 at a margin of 20%, you need to deposit £200, while you borrow the rest from the broker.

FinancesOnline is available for free for all business professionals interested in an efficient way to find top-notch SaaS solutions. Help future customers by talking about customer service, price, delivery, returns & refunds. ETX Capital does not allow you to scalp in its trading accounts. Electronic communication network accounts that might allow scalping also are not offered by ETX Capital. In addition, the TraderPro and MT4 platforms are intuitive and can be learned quickly by most new traders.

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Between 74%-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. ETX Capital provides both desktop and mobile platforms for forex trading, contract for difference trading and spread betting as well as a copy trading app. Read on for information about the broker’s supported platforms. ETX Capital offers plenty of choice when it comes to trading options, including various platforms and a wide variety of tradable assets.

Account Fees

While focused on individual accounts, the company has recently launched corporate brokerage services too. As our IG review explains, the platform offers more trading options than OvalX. In addition to this, IG charges a $12 a month inactivity fee if you don’t use your account for two years. However, the platform is easy to use and offers similar educational tools to OvalX. ETX Capital compares quite favorably to its competitors. In addition to excellent trading platforms and fast executions, the well-established broker offers spread betting, copy trading and excellent educational and research resources.

These are good quality and cover assets ranging from forex to stocks. We also compared OvalX’s fees with those of two similar brokers we selected, CMC Markets and HYCM. This selection is based on objective factors such as products offered, client profile, fee structure, etc. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

First, let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees. We ranked OvalX’s fee levels as low, average or high based on how they compare to those of all reviewed brokers.

And while the minimum deposit of $50 at Interactive Brokers is less than at OvalX, it can take 1-3 days to open an account. We have an in-depth Interactive Brokers review that can provide further insight. Once you’ve opened an account, you’ll be able to log in to the OvalX website and view account information, access the web-based platform, or install the MT4 desktop platform. You can also use the client portal to deposit funds to your account, make withdrawals, view your portfolio report, or contact customer support. ETX Capital has become one of the better online brokers in the industry. The company offers personal, tailor-made support to all types of traders.

Another plus point is all the four platforms are comptabile with mobile devices. Simply download the mobile apps and access your trading account from anywhere, anytime, using any internet-ready mobile device. The OvalX app enables you to fp markets review access the firm’s native trading platform on mobile devices. As noted by consumers in numerous the application offers an easy-to-use UI and user-friendly experience. When using OvalX, it’s easy to search for assets or browse the markets.

ETX Capital reviews show that this broker provides reassuring customer support via live chat, email and a toll-free Universal International Freephone Number . Besides English, customer support is offered in French, German, Turkish, Spanish, Russian, Romanian, Portuguese, Polish, Italian, Hungarian, Dutch, Czech, Chinese, and Arabic. Traders from all over the world can benefit from these multilingual support services. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide investment or any other advice, for further information please read our General Terms and Conditions. ETX Capital excels when it comes to educating both novice as well as expert investors.

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Trading any financial instrument involves a significant risk of loss. Commodity.com is not liable for any damages arising out of the use of its contents. When evaluating online brokers, always consult the broker’s website.

It is quite easy to set alerts and notifications on the OvalX mobile platform. OvalX withdrawal is free for up to 5 transactions per month. Furthermore, if you want to withdraw less than $100, you will be charged a $10 fee. For a tailored recommendation, check out our broker finder tool. Answer 4 simple questions and get a list of the most relevant brokers. Typically, calls are answered swiftly, and representatives are helpful and knowledgeable, whether you have a query about OvalX stocks, Forex, your account, or anything else.

If you prefer to allow others to make your trading decisions, then either the ETX Connect App or MT4’s Trading Signals service will allow you to follow and copy top traders. We tested ETX Capital’s Trader Pro platform across several categories. If you trade with ETX, you will encounter all of the below features at one point or another. There is no deposit fee, but there is a minimum deposit of £100 . ETX offers two categories of shares, those that are charged a commission, and commission-free shares.

OvalX review Account opening

Commodity.com makes no warranty that its content will be accurate, timely, useful, or reliable. ETX Capital sets margin requirements based on the asset category and instrument you trade. The margin is shown as a percentage and represents the amount of cash you need to trade an amount higher than your initial deposit. $10 for any single withdrawal below $100.Swap ChargeInterbank rates + 1.35% per annum.

None of these UK brokers have deposit fees, except in exceptional cases of bank transfers. All have free withdrawal allowances, after which tailored charges apply. We recommend OvalX for forex, spread and cfd traders looking for great funding and withdrawal options and an easy-to-use platform. Its product range is limited to forex, CFDs and cryptos, and only limited research tools are available.

As mentioned above, OvalX gives you access to more than 5,000 markets. When using OvalX or MT4, you can trade on the OvalX Forex platform and access CFDs, indices, cryptocurrencies, shares, and commodities. Financial derivatives, like CFDs, can certainly offer high rewards. But they pose a risk too, which is why the OvalX demo account is so important.

This lets you take advantage of trading opportunities in real time with powerful technical analysis tools powered by the latest technology. Oanda offers a similar range of trading options to OvalX. In addition to this, it can take 1-3 days to open an account with Oando, and there’s an inactivity fee. ETX Capital offers corporate brokerage and finance services as a member of the London Stock Exchange .

The negatives are limited to lack of choice in trading accounts. ETX Capital has been around for a long time and exudes reliability and integrity. They go the extra mile to provide a high level of service. You are in good hands with this broker as they have established a solid reputation in the binary options trading industry. In addition, ETX offers a virtual private server located in close proximity to its MT4 servers so you can keep your trading robots active in the markets when your PC is turned off.

While OvalX features a variety of educational tools, it lacks research and analysis. EToro, on the other hands, offers plenty of research tools, so it might be the preferred option for users who want to emulate other traders. However, eToro charges relatively high non-trading fees, which users could avoid with OvalX. Interactive Brokers offers a broader range of trading options, including ETFs, funds, and bonds.

etx capital reviews

ETX Capital is the trading name of a company known as Monecor Ltd. Originally, the company was founded as Dusrolgraph Ltd. on June 16, 1965. Key executives currently include Philip Adler and Nicholas Iggulden . Across the board of listed company directors, ownership of the company is not publicly declared. If ETX Capital’s selection of 5,000+ instruments is not enough for you, CMC Markets is worth researching. Before you can use MetaTrader 4 with ETX Capital, you need to ensure that you’ve registered an account that specifically opts in for the software’s use.

Charting is the only available research tool, with no trading ideas, fundamental data or news provided. Coming to spreads payable, you can select between variable spreads and fixed . The lowest forex spread begins from 0.7 pip for the widely used EUR/USD pair. Equities provide 0.08% indicative spreads for certain stocks, while minimum spreads for commodities begin at 3 pips. For select major Indices, the minimum spreads begin from 1 pip.

How do you withdraw money from OvalX?

On the plus side, you can use a lot of free deposit and withdrawal options.We liked the seamless and hassle-free account opening process. There is also a wide range of great-quality educational tools available. The search functions are OK.The assets are grouped by category. However, the categorization is a bit confusing as there are several forex and stock categories. OvalX offers only MetaTrader 4 as a desktop trading platform. These catch-all benchmark fees include spreads, commissions and financing costs for all brokers.

etx capital reviews

With more than 1,800 solutions scrutinized in the last 5 years spent on our team he always prioritized offering readers an unbiased perspective on modern financial technologies. This page may contain links to our partners’ products and services, which allows us to keep our website sustainable. This means that spendmenot.com may receive a compensation when you sign up and / or purchase a product or a service using our links. However, all opinions expressed in this article are solely ours, and this content is in no way provided or influenced by any of our partners. Trading products on margin carry a high level of risk and may not be suitable for all investors as it may result in a loss that rapidly exceeds your deposit. It is highly recommended that investors fully understand the risks or seek independent advice if necessary.

How to Access MetaTrader 4 MT with ETX Capital

In addition, the TraderPro platform features dynamic risk management that allows you to gauge your risk before establishing a position. This feature makes it simple to set limits and stop losses so you can more effectively manage your risk on each trade. You can also customize up to 10 different workspaces where you can drag and drop charts and create custom watchlists.

etx capital reviews

You can set price alerts in the form of email or push notification for your mobile. It’s important to note that these types of charges are hard to find on the broker’s official website, making the fee structure not very transparent. Double check in our broker finder tool if OvalX is the right broker for you. You can’t open an account at OvalX if you live in Belgium.

In addition, news updates are made available on Twitter and Facebook. Yes, we can confirm in this OvalX review that the broker is legit. Regulated in the UK and Cyprus and covered by the Financial Services Compensation Scheme, OvalX has a good reputation as an online trading platform. The OvalX minimum deposit is just 100 units of your base currency ($100, for example). This, coupled with the fully digital account setup, makes it easy to register. Before you sign up for OvalX investing, you’ll need to know how to use it.

And once you’ve decided what to trade, you can place various orders, including Market, Stop, Limit, Stop trailing, One-Cancels-the-Other . Also, if you want to add time limits, TraderPro enables you to set Good ’til canceled , Good ‘til time , or Good ‘til date limits. Plus, there are various OvalX deposit methods to top up currency trading books your account. This FCA and FSCA-regulated broker’s parent company has over 50 years of industry experience offering trading products and financial services. ETX Capital is an online broker offering Contracts-for-Difference and spread betting. CFDs can be traded across five different asset classes and over 5,000 instruments.

However, CFDs are subject to Capital Gains Tax, while spread betting is not. As the minimum deposit is not very high, there are 5 free withdrawals a month, and no inactivity fee,feel free to give OvalX a try. Opening an account only takes a few minutes on your phone. OvalX has low non-trading fees.It does not charge an account fee, and there is no withdrawal fee for the first 5 withdrawals each month. After that, you will be charged a £10 fee per withdrawal. The product portfolio is also limited, covering only CFDs, forex and crypto.

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Charged when positions are left open overnight Inactivity Fee£25 per month for dormant accounts with available funds. An account is dormant when it’s inactive for 365+ days. ETX Capital is one of the better brokers sporting a simple fee structure. Here is a summary of fees you’d expect to apply to a standard account, aside from the previously discussed trading costs.

They are one of the more reliable binary options brokers in the industry as they are regulated by the Financial Conduct Authority in the UK. ETX Capital has been around since 2002 and the parent company was founded in 1965. The highlights of this broker are they provide four types of trading platforms that offer access to over 6000 instruments.

Both platforms offer trading directly from charts, a wide variety of technical indicators and customizable workspaces. A mobile version is also available for the MT4 platform for Android and iOS that gives you all of the features of the desktop version. Both the TraderPro and MT4 apps can be downloaded from the Apple Store for iOS devices x open hub review and through the Google Play store for Android devices. Margin trading is risky, and a broker can close your position when your account balance drops under a defined percentage of the required margin for your open trades. A free demo account is also available, though you need to provide the same details as to when you open a live account.