ETX Capital Review
More than 50 years of financial excellence
While binary options trading is still in its relative infancy, traders have been trading assets, forex and CFDs online for as long as the internet has made trading from home possible, and via telephone with trusted brokers for decades. It is not often that traders today can find a broker with both the expertise in online binary options trading and the years of experience in trading that pre-dates the advent of the internet. ETX Capital provides exactly that combination.
Binary options trading has been growing in global popularity since about 2008, and ETX Capital has been a leading online broker since 2014. While company has been around since 1965 and has its proverbial finger in several areas of online trading and various financial services, this review will focus exclusively on the binary options trading and returns on investment (ROI) offered by ETX Capital.
- Broker name:
- ETX Capital
- Year established:
- Authority (Jurisdiction):
- United Kingdom
- Regulated/Licensed by:
- FCA (does not include binary options)
- Registration number
- One Broadgate, London EC2M 2QS
- Support phone number:
- 0800 138 4582
- Support fax number:
- +44 (0) 20 7392 1414
- Email address:
What is ETX Capital?
ETX Capital is one of the oldest financial brokers around, and since the company’s inception in 1965, it has built connections with a staggering number of global markets and assets - in all, over 6,000. While the company is a relative newcomer to binary options trading (ETX Capital jumped onto that bandwagon in 2014), the decades of experience in financial markets and intimate understanding of trends very quickly made it an industry leader.
Our favorite aspects of ETX Capital
- The years of experience and sterling reputation that ETX Capital brings to the table
- Exceptionally high ROIs - up to 100%
- The simplicity of the binary trading platform
Account types, bonuses and special promotions
While ETX Capital has several account types , each with their own requirements, promotions and bonuses, the only type of account available for binary options trading is the ETX-Binary account, for which the minimum required deposit is USD/EUR/GBP 100 and the welcome bonus can go as high as 50% of the initial deposit.
- Return on Investment (Payout rate - %):
- Welcome bonus:
- Up to 50%
- Minimum deposit:
- 100 USD/EUR/GBP
- Maximum investment per trade:
- 5,000 USD/EUR or £3,500
- Minimum investment per trade:
- 10 USD/EUR/GBP
- Loss protection:
- Account types:
- Accepted currencies:
- USD, EUR, GBP
- Expiry times:
- From 60 seconds to one month
Registration - Opening an account
Opening an ETX Capital account is very easy. Click on the button to apply for an ETX-Binary account, fill in your details and register. It’s as simple as that.
Banking - Deposits and withdrawals
Deposits: Deposits can be made by wire transfer, bank transfer or with all major credit cards except for AMEX. As a general rule, deposits made by any method require up to one business day for processing.
Withdrawals: Traders are allowed up to 5 withdrawals per month of 100 USD/EUR/GBP or more free of charge. Subsequent withdrawals with incur a processing fee of £10, as will any withdrawals that are less than 100 USD/EUR/GBP. Wire and bank transfer withdrawals arrive in the trader’s account within 2-3 business days, while credit card withdrawals take 3-5 business days.
The ETX Binary platform is very intuitive and user-friendly. Four basic trade types are available, and a wide range of assets to choose from.
ETX Capital has a selection of over 100 of the most volatile and active currency pairs, commodities, indices and stocks from traders to invest upon.
How to trade
Trading binary options is a very straight-forward process. Once on the trading platform, choose the asset upon which you wish to trade, and the expiry time for that trade. Do you believe the asset price will be higher at the expiry time than when you place the trade? Then place a High option. Do you believe it will be lower? Then place a Low option. Decide how much money to invest on the asset, and confirm the trade.
The “original” binary options trade type. Traders choose an asset, and decide if the asset price will be higher or lower at the chosen expiry than when the trade is placed.
Traders are given an upper and lower boundary for the asset price, with the current price exactly in the middle of the two boundaries. Traders determine if the asset price will be above or below either boundary at the trade’s expiry time.
Similar to High/Low trading, but with expiry times as soon as 60 seconds
Similar to High/Low trading, but with expiry times as far away as one month
Is ETX Capital a scam?
ETX Capital has been in the financial services for over 50 years, during which time it has built an impeccable reputation. While the relatively new binary options trading branch of the company is not regulated, it is clearly not a scam, and traders can rest assured that ETX Capital will manage the binary options trading platform with all of the integrity and reliability as it does its older, and regulated platforms.
Where is ETX Capital available?
Most of the world except for the United States, Canada and Singapore
English, Portuguese, Italian, Arabic, Polish, Czech, Spanish, Dutch, German, Hungarian, French
Customer support and security
Security is one of the cornerstones of success that has enabled ETX Capital to thrive for over 50 years. It uses the internationally accepted security protocol 3-D Secure which is designed to be an additional security layer for online credit and debit card transactions by using XML messages sent over SSL connections with client authentication.
The customer service team is available via email or phone, and can be reached Monday-Friday, from 7:30 a.m. - 9:00 p.m. London time.
Pros and Cons of ETX Capital
- An excellent reputation and over 50 years of experience in financial markets
- Excellent payouts of as much as 100%
- Demo account
- Very low minimum trade
- Quick withdrawals
- Binary options not regulated
- Not available in the U.S., Canada or Singapore
- The site is difficult to navigate, and does not provide a list of underlying assets
- Only three currencies available for trading
Experience is an invaluable trait, and while ETX Capital is a relative newcomer to the world of binary options trading, in terms of years and knowledge of financial markets and trends, one would be very hard-pressed to find an online broker who surpasses the more than 50 years of experience that ETX Capital has. The transition from standard trading to binary options has been a seamless one and this is one of the major players to turn to on the market.