ETX Capital Review
ETX Capital is a trading name of Monecor (London) Limited, authorized and regulated by the Financial Conduct Authority- a member of the London Stock Exchange. Established in 1965, it caters to over 50,000 diverse financial traders: ranging from the newly inexperienced birdies entering the stock market to the oldest of players in this market. It is an online trading platform, promising ease of access as it offers trading not only through its website but easy to use phone apps too.
Becoming a part of the ETX family
This requires formation of an official account on the ETX website. You have the option of starting with a demo account, which is convenient because you can actually see the workings of the trading company in real-time before becoming an official member. The appearance of the website is extremely user-friendly, which shortcuts to the most frequently visited links on either side of the page. ETX gives you the option of customizing the page to suit your liking and ease- displaying the information that you require right in front of you.
The eager-to-help support team of ETX guides you through each and every step, available on call from 7am-9pm and 24/7 on email. Any queries can be conveniently searched on the site’s FAQ page, which most likely will show you the answer to your questions. If not, the customer care team is right at your service.
What makes ETX stand out from the rest of its competitors is its no commission policy.
ETX provides you with the option to speculate the relative values of currencies. Forex trading involves the simultaneous buying and selling of currencies with the aim of making a profit.
ETX Capital Binary Options
The working of binary trade options is pretty simple: a trader speculates between two possible outcomes of an asset’s value. At the end of the trading period, if the value of the asset is close to the trader’s speculation, then he earns a fixed amount of return. However, if the value moves against the trader’s provided value then he sees a loss of 100%. The traders do have an option of exiting before the closing trade period- but with a much-reduced amount of profit or loss.
The ETX Binary Options give traders access to a wide variety of binary products such as Stocks, Indices, Forex Pairs and Commodities including:
- High/Low Binary Trading
- One Touch Options
- Short and Long Term Binary Options
ETX Capital Spreads
Spread betting is a means by which traders speculate on a wide range of financial markets. Because they never own any of the assets under speculation, Spread betting is described as a derivate-based product which allows for trading on vast varieties of markets including forex, shares, indices, commodities and bonds.
A quick inside about Spread betting is that it is tax-free. Unlike other forms of trading in the UK like buying shares of trading CFDs, any profits gained by spread betting are exempted from taxes. However, the concern lies in the fact that losses incurred due to spread betting cannot be used to offset an individual’s tax liabilities.
A contract for difference (CFD) enables traders to speculate the future value of a wide range of financial assets. What differentiates this from Spread betting is mainly the provision of tax on profits, but more importantly the ability to offset losses against tax liabilities.
The Final Word
The ETX Capital is a sound trading institution that caters to the interests of its users just like any professional-grade trading platform should. Its highly efficient customer safety programs including risk management features such as guaranteed stop loss and limit orders, price alerts and trailing shops aid the traders throughout their trading journeys.
All in all, ETX appears to be a great choice for all your trading needs!