The revierw of ETX Capital
ETX Capital was founded way back in 2002, headquartered in UK and works under the regulation of Financial Services Authority. The company is a member of London’s Stock Exchange. There it offers different assets, as well as market derivatives by spread betting and CFDs. Customers can bet products, institutions and individuals based world-wide.
From the March of 2015, the company has been richer for Alpari UK’s client base. After that, ETX used the opportunity to make things easier for their new clients so the company installed MT4 platform, and had interface made more similar to Alpari’s.
Also, the company made a help line in order to help clients transferred from Alpari get their funds back.
ETX Capital deals with many commodities for trading, including CFDs like Gold and Silver, Palladium, Copper and Platinum. There are energy CFDs including Brent, heating oil, gas, RBOB Gasoline, or Nymex Cruide. There are also sof commodities which include Corn, Cotton, Orange Juice, Oats, Coffee, Cocoa, Wheat and Sugar. Of equities, there are European, US, South African, Australian and Singapore. From Europe, there are 18 countries’ equities, and Forex in over 50 currency pairs.
ETX Capital is also big on spread betting. It has a video tutorial that explains completely how it works and there is a unique page for spread betting.
There is also a demo account, which hasn’t been there always, but it’s a good innovation into ETX Capital because it allows users to test it out before investing real money.
ETX Capital Review
The best way to use demo accunt is with ETX’s Trader, its own trader PRO version, or the very common MT4 platforms adjusted to ETX.
Educational services at ETX Capital
ETX Capital has secured its members to have a solid education and a good insight in how to deal with its platforms and how to deal with trading in general. The company tried to pay attention to what would best suited for traders of different experience levels. Therefore, you can find that educational material on ETX is really usable by traders of all skill levels.
However, the major flaw with this company is the lack of a demo account. Not only that demo account should help even professionals see how the things are going around your company, but it is always a place where newcomers test their new skills.
The fact that the company has done more in changing its name than it has to improve its position in the market is also something to think about. We hope that the owners and managers will get themselves together and organize things and see the path they want to go. Importing spread betting is one thing, but losing focus is another. In opinion of many, the broker should show more effort in improving what it already has, rather than inventing new half-build things.
Having a nice looking platform an interface, as well as changing a name that would seem more serious can’t hide the fact that some basic features are missing or are not as developed enough. In order to gain more credence, it needs to focus more on improving its communication with the clients (not in terms of customer support), in terms of what customers really want and need.
There are basics and there are also tips and advice for those who wish to learn about analysis and other technicalities.
ETX Capital has got a training program that lasts for eight hours, but it’s basically distributed throughout a month time. Traders can have discussions with their mentors free of charge. Among the free stuff are videos about different topics that can be found on ETX’s website.
The company is engaged in helping clients in many ways. Some include giving market bits on daily basis, commentaries and briefs, in which strategies can be discussed and where you can get the latest news about the market. You can also in the meantime see the expectations for each day.