ETX Capital Demo Account

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ETX Capital Demo Account Review

In this ETX Capital demo account review we uncover everything you need to know about the ETX platform from the sign up process to placing your first trade.

Our initial thoughts on the ETX Capital demo account is.

  • Quick and simple sign up
  • Easy to use modern platform
  • Simple to customise to suit your own preferences
  • Instantly access relevant charting information

To start practicing and trading with the ETX Capital demo account simply click here: ETX Capital demo account. Alternatively if you want to know more about ETX Capital, take a look at our full review of ETX Capital which also includes a video overview of the broker.

Overview of the ETX Capital Demo Account

It is popular option for traders to utilise a demonstration account before committing to a specific platform. ETX Capital offers this opportunity; a great choice for those who may be unfamiliar with how their platform functions.

Sign Up
The registration process is simple and some basic information is first required. These fields must be addressed:

  • First and last name.
  • Valid phone number (for future contact).
  • Functional email address.

    Once these details are provided, the applicant will be immediately taken to the main demonstration account page. Please note that Adobe Flash Player needs to be installed in order to display all information correctly. Important to note that the demo account works on both Mac and PC.

    Page Layout

    One of the advantages of the platform offered by ETX Capital is that it is extremely intuitive and clean. From the default layout here are several features worth mentioning here. First, a drop-down menu of the most popular assets are listed on the left-hand side of the main page. These include:

    Commodities
    Indices
    Equities
    Forex positions
    Bonds and interest rates

    There is also a watch list which enables the trader to follow specific instruments the trader is currently involved in or potentially would like to trade. Cash balances, open/closed positions, reserved margins and available trading funds are all displayed along the top of this screen as well.

    The bottom portion of the main screen displays all currently open positions in a top-down fashion. Alerts, balances, transactions, trade history and open positions are clearly illustrated here and with the click of a button, each can be examined in more detail. These can be opened up in a separate window for streamlined interfacing.

    Platforms Available

    We should note here that with a demonstration account, the client only has access to the TraderPro software offered by ETX Capital. This is a proprietary framework which is preferred by many individuals. However, there is also the possibility of upgrading to the popular Meta Trader 4 system or a binary options alternative. Both of these will require the deposit of funds. Although the amount of money deposited will vary, the trader still has the advantage of enjoying a first-time bonus as well as a registration bonus (explained within the website).

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    Assets and Allotted Demonstration Funds

    When a demonstration account is first opened with ETX Capital, the trader will be provided with €10,000 euros (or the monetary equivalent) of funds. These can then be used to immediately open positions within the aforementioned sectors. There are numerous unique assets to choose from. While these can be broken down into areas such as commodities, indices and equities, a drop-down menu within each category provides further options. Examples here can include major or minor European indices, country-specific equities, commodities such as metals or energy, short-term bond interest rates and CFD positions. With any of these options, the bid and the ask prices are displayed in real time. There is also a search bar which enables the user to quickly pull up a specific asset or trading position.

    Funds can always be added to this demonstration account and once the initially allotted funds have been exhausted, it is necessary for the client to upgrade to a live position in order to continue trading.

    Open a demo account with ETX Capital today.

    ETX Capital Demo Account: An Honest and Detailed Review

    Updated: 04 March 2020

    ETX Capital is a trading brand owned by Monecor (London) Limited, a brokerage firm established in1965. Regulated by the Financial Conduct Authority, Monecor Limited is authorised to operate in the UK and other countries. It is also a member firm of the London Stock Exchange. Since its launch, ETX Capital has become known for its industry-leading platforms. Today, the brand has two well-known platforms: ETX TraderPro and ETX MT4. ETX Capital is highly recommended by broker comparison sites, a distinction that Monecor values. The trading platform has the following features:

    • Smarter risk management tools
    • Customisable indicators & on-chart trading
    • Spread betting, CFD, forex, indices, shares, commodities
    • Flexible layouts

    An introduction to the ETX Capital demo account

    Traders who would like to try the demo account only need to sign up at the website. The sign-up process is quick and easy, requiring only the trader’s name, email address, country, and mobile or telephone number. The demo account does not ask for credit or debit card details. The ETX Capital demo account focuses on ETX TraderPro, one of the most robust trading platforms managed by the brand. The demo account illustrates that the trading platform has everything that experienced traders will need.

    While the platform is not known for its simplicity, it offers a versatile trading experience to its clients by ensuring that traders can choose or create a layout with which they are comfortable. Every button that traders need when trading is located right on the screen. The buttons include the trader’s account balance, profit or loss information and equity. The platform also has a trading tools button that directs traders to educational materials. When a trader opens the demo, they will see popular markets ranging from stocks, commodities, currency pairs, and indices. To search for a specific market, traders can use the “Market Search” button. Users of ETX TraderPro can also create watch lists so that they have a trading experience tailored to their particular interests. The platform also provides a detailed price graph, along with market alerts to help traders decide on whether they should buy or sell.

    About ETX TraderPro

    Traders who would like to experience how the ETX TraderPro platform works should take the ETX Capital demo account for a spin. This is Monecor’s flagship platform; it is fast, intuitive and very flexible. Aside from the basic capabilities mentioned above, ETX TraderPro offers clients access to the global financial market, which includes foreign exchange, shares, commodities and indices. TraderPro offers trade-enhancing features:

    • Multiple chart formats available in a range of time frames
    • Just by looking at the chart of a specific product, traders can act immediately and trade from there

    By using the watch list function, users can keep a close eye on certain assets or products in which they are interested. Another alternative is to use the product info tab to check the price movement of specific stocks. TraderPro also has a pip calculator. While the goal of TraderPro is to provide a robust platform for all types of traders, it is easily customisable to the individual preferences and techniques of each trader using the platform. This flexible design makes it possible for traders to tailor their experience to their trading style with the ultimate goal of maximising their productivity. For traders looking for low spreads, TraderPro is the ultimate choice. It has a range of forex spreads that start as low as 0.7 pips for the EUR-USD currency pair and as low as 0.9 pips for the GBP-USD currency pair in normal market conditions.

    An extensive list of markets

    With over 5,000 markets and all its capabilities, ETX Capital may very well be the best stock broker around. The extensive list gives traders the power to access world markets and to choose from a range of major and minor indices, forex currency pairs, equities, energy, metals and soft commodities. While looking at the ETX Capital demo account, traders will see precious metal commodities, such as silver, platinum, copper and gold, and a range of energy assets, such as gas and crude oil. Soft commodities, such as cocoa, sugar, coffee, wheat, corn, orange juice and timber, from different parts of the world can also be accessed through TraderPro.

    The bond markets are also quite extensive, and traders can also access assets with short-term interest rates as well as equities in major countries, such as Hungary, Poland, Spain, Italy, France, Germany, the UK, the US, Switzerland and the like. It also includes global indices, such as those of Australia, Japan, South Africa and Hong Kong, minor Euro indices, such as those from Poland and Greece, and major indices in Europe, the US, and the UK. Traders also have access to popular cryptocurrencies, such as Bitcoin, Ripple, Litecoin, and Ethereum on the platform. TraderPro also has a wide array of foreign exchange choices for its users. Based on that list alone, TraderPro is a good choice because it opens up a world of trading opportunities.

    TraderPro on the Go and other available platforms

    In addition to the platform’s desktop version, traders on the go can download TraderPro to their mobile devices. The app is available for both the iOS and Android operating systems. Unlike other mobile trading platforms, ETX Capital’s TraderPro has all the advanced features that the desktop version offers, giving traders an edge over their peers even if they are far from their laptops or computers. TraderPro on mobile makes it possible for busy traders to trade while in transit or even while they are still in bed! Mobile trading is a godsend for traders because it makes it easier to actively manage portfolios and execute trades via their smartphones. Traders who would like to get an idea of how the mobile app works can look at the ETX Capital demo account.

    Monecor Limited also has ETX Metatrader 4 (MT4), a popular trading platform utilised by traders around the world. For users wishing to trade via the use of automated expert advisors and custom indicators, Metatrader4 is a good choice:

    • MT4 has the power to automate a trader’s position with the help of pre-set trading parameters
    • While the broker provides the hosted platform, traders need to provide their own EAs

    ETX Capital review: Is ETX a scam?

    The short answer is no. Monecor, the company that runs ETX Capital, is authorised and regulated by the Financial Conduct Authority (FCA) in the UK with licence number 124721. Traders who are unfamiliar with Monecor or the ETX Capital brand can call the FCA at 0800 111 6768 or 0300 500 8082. Traders calling from abroad can contact the FCA through +44 207 066 1000. The agency operates from 8:00 am to 6:00 pm from Mondays to Fridays and 9:00 am to 1:00 pm on Saturdays. Traders can also visit the FCA’s website www.fca.org.uk to send a query. It is also a good idea to look at stock broker comparison websites to learn more about the company.

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    ETX Capital is one of the United Kingdom’s leading brokers. It offers CFD, forex and spread betting services to institutional and individual traders. ETX stands for the services that Monecor offers, Electronic Trading, Telephone Trading, and Execution Services. Following the platform’s German-language version launch in 2020, the firm spread its wings and commenced operations in France, Portugal and South Africa. It would later win the accolade of Best Futures & Options Broker of 2020 at the 2020 Shares Awards. The trading brand launched its MT4 platform ETX MT4 in 2020, and ETX Capital expanded to Italy, Spain and Greece. It also won the Best Futures & Options Broker award that year.

    More awards from 2020 to 2020

    In 2020, a year after its expansion to Italy, Spain and Greece, ETX Romania, ETX China and ETX Denmark went live. Monecor also launched its affiliate program immediately after that. The company won the Best Forex Trading Tools & Software award at the UK Forex Awards in the same year. By 2020, ETX acquired Shelbourne Markets and launched ETX Ireland, making ETX’s new acquisition the largest CFD and spread betting provider in the country. ETX also purchased Ariel, its technology partner, in 2020. The brand continued to expand and acquired Alpari UK’s customer base after the collapse of Alpari in January of that year.

    By 2020, the company had launched TraderPro and added Bitcoin markets to the new platform. During the 2020 UK Forex Awards, ETX won as Best Forex Educators. It also bagged Best Trading Education at the Shares Awards in the same year. After adding new cryptocurrencies to the platform in 2020, ETX won the Best Spread Betting Platform at the ADVFN Financial Awards as well as the Best Trading Platform for 2020 and Best Education at the Online Personal Wealth Awards. ETX Capital has been doing well, and it will continue on this trajectory to keep its clientele happy. The fact that ETX Capital won the Best Trading Platform award in 2020 speaks volumes about the capabilities of TraderPro. It is the best trading platform available in the market today and is likely one of the best, if not the best, in the world.

    How to open an account

    New clients have to go through a compliance check to see if they can trade and to ensure they fully understand the risks involved in trading. When opening an account at the ETX Capital website, traders should be ready with a colour copy of their passport, national ID or driver’s licence. A bank statement or utility bill from the past three months will also be required so that the company can verify the client’s address.

    A few basic questions will also be asked; the process usually involves determining how much trading experience the trader has. Answering all the compliance questions will take around ten minutes. While traders can explore TraderPro and the other platforms right away, it will take time before new clients can trade. However, the time invested in opening an account with the broker is worth it. In addition to offering an advanced trading platform, ETX Capital also provides educational materials for novice and experienced traders. The brand also has a customer service team that traders can contact when they need assistance with the platform or have questions about depositing or withdrawing money from the site. The contact number of the customer service department is +44 (0) 20 7392 1494. Payment methods include wire transfers or online bank transfers. Traders can also use major debit and credit cards except for AMEX.

    ETX trading experience and additional notes

    Trading on ETX Capital is quite convenient thanks to the platforms available on the site. The computer-based platform can be downloaded in Windows or Mac while the mobile apps are available for both iOS and Android. The platform was created with experienced traders in mind, but since the layout is easily customisable to enhance the trading experience of ETX Capital’s clients, novice traders also can use it with confidence. TraderPro, MT4, and the mobile versions have all the features that users need to make better decisions when trading.

    ETX Capital segregates client funds from its own, and it does not charge inactivity fees or withdrawal fees. However, it does charge a commission on CFD shares, and there are overnight fees and swap rates as well. Although ETX Capital is the choice of professional traders, the brand provides a range of educational materials for traders who are just starting out. The materials include seminars, live webinars, trader courses and road shows. Tutorial schedules are posted on the website.

    ETX Capital is also armed with a courteous and professional customer care department. For traders who need some assistance while exploring the trading platform, ETX Capital has client support in English, German, French, Spanish, Greek, Mandarin, Czech and Polish.

    ETX Capital Review

    Introduction

    ETX Capital garnered its name from the acronym of exactly what they offer – Electronic trading, Telephone trading and eXecution. The company was initially established in 1965 in London, UK, specialising in mortgage bonds. They later introduced stocks and derivatives as TradIndex which later became ETX Capital.

    After their early success in London, the company went on to operate in other countries across Europe, Asia and Russia. They are licensed and regulated by the FCA (Financial Conduct Authority) and listed on the London Stock Exchange. With a strong team of developers working alongside professional traders and analysts, they strive to offer a great trading experience.

    In the busy world of CFDs, sometimes choosing a broker can be a hard task. There are many criteria to consider to ensure that you get the best from your experience online. To assist you with your choice, we have carried out a full and comprehensive review of ETX Capital and what they provide you, the trader.

    In this review, you will learn:

      What trading platforms they offer on desktop and mobile How many accounts are available and what they are If the trade types and payouts are what you are seeking

    Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

    Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

    Account Types

    The first thing that you will notice is that you are invited to open a live account or a demo account. Many brokers offer a demo account to allow traders to try before they buy. It is the live account that requires a deposit. In the first instance, you must enter some necessary information about yourself before progressing to the next stage of opening your account.

    Demo Account

    A demo account is a perfect choice for new traders, whether you are new to the world of CFD trading or just new to this particular broker. This ‘practise’ account type allows you to get familiar with the site either on desktop or mobile and to learn about the various features. You can get to grips with the software, place some test trades and get a feel for the site in general. The demo account is available on the MT4 trading platform.

    Standard Account

    With a deposit of £100, you can open the Standard live account with ETX Capital. This account allows you to place trades on the live platform, regardless of experience, knowledge or size of the trade. Everyone has the same range of features and access to the same trading tools, whether you are spending hundreds or thousands of dollars.

    Pro Account

    A Professional account is for the more ‘Pro’ trader. To meet the requirements, you need to meet two out of three criteria. The first is to have over €500k worth of assets which includes your house if you own it. The other two are that you must have relevant experience in financial services and have traded at least ten times in the last four quarters. In return for being a Pro trader with ETX Capital, you will benefit from some additional perks.

    Trade Features And Payouts

    There are some standard trading features that you will need to examine when choosing your CFD broker. Commonly these are leverage, stop-loss orders and the type of platform. To determine the types of payouts, you can expect you need to take a look at the spreads on offer.

    Leverage

    When it comes to leverage, the most common across the board tends to extend to 1:30 and this is no different with this particular broker. 1:30 leverage applies to the Standard account; however, professional traders can contact ETX Capital and request better terms up to a limit of 1:300.

    Spreads

    For the most popular assets, you can expect spreads starting from 0.6 pips. In this case, the popular assets tend to be gold and oil and the other key market commodities.

    Stop Loss

    Stop, guaranteed stop and trailing stop orders, are all available types of stop-loss orders that you can expect when trading with ETX Capital. The basic stop orders allow you to minimise losses. The trailing stop order means that while you can protect yourself from losses, you don’t risk losing out on a potential profit.

    Platform Types

    You can expect two types of platform and trading software with ETX Capital. First, and more commonly used, is the MetaTrader 4 platform which is free to download and tailored to work with the ETX interface. Then there is their proprietary software; Trader Pro, which is for more experienced and Pro traders. If you are new to CFD trading, the MetaTrader 4 will be the perfect choice for you.

    When it comes to safety, their long-established record makes them a viable choice.

    Bonuses And Promotions

    Regulation by the FCA prevents brokers from soliciting business via promotions in specific countries. You won’t find welcome or no deposit bonuses, particularly in Europe.

    There is no mention of any bonuses on the website; however, it is worth noting that they do run bonuses and offer incentives to encourage loyalty.

    Mobile Trading

    It is highly likely that you will want to be able to trade on the move. With ETX Capital, using the MetaTrader 4 software, you can do precisely that. You can choose to use the mobile-friendly version of the site in your browser or download the ETX Capital app. With the app, you have access to charts which you can customize to suit how you trade, and you can monitor your positions and trade on the go.

    Both the mobile site and app are intuitive and have everything you need to fulfil your mobile trading requirements. With iOS, you can download the app either for your mobile phone or for a tablet or the compatible Android version. There are so many benefits to the app, including the fact that you can view your portfolio, balances and your open profits and loss, quickly and efficiently. You can open and close trades and set limits and place orders.

    Deposits And Withdrawals

    When you deposit with this broker, you can choose between three base currencies – the Euro, US Dollar or the GBP. With this facility, you are more likely to avoid currency conversion fees.

    Deposits are accepted by credit and debit card in addition to bank transfers and electronic wallets like Skrill or Neteller. There are no fees for either depositing funds or making a withdrawal. Withdrawals take up to three business days (in many cases two days) with funds returned to the source of deposit.

    Special Features

    One of the features of this site is that it offers several order types including market, limit, stop, stop trailing and OCO with various time limits as well. Receive price alerts via push notification to your mobile or via email.

    There are many educational tools as well to enhance your trading experience. The fact that there is a free demo account means you can brush up on your skills before you trade with this particular broker.

    Customer Support

    Unlike many brokers, with ETX Capital, there is no live chat function, and the customer support is not available 24/7. That said, what customer support they do offer is very prompt and relevant. You can contact a representative via phone or email.

    You can expect to be connected within a minute in most cases and find them to offer relevant and helpful advice. They are also very professional and courteous. Customer support is available between GMT+1 on Sunday 9.30 pm until Friday at 10 pm.

    Here are the contact details for ETX Capital:

      Email – [email protected] Phone – +44 020 7392 1494 Address – 1 Broadgate Circle, London, EC2M 2QS, United Kingdom

    Conclusion

    When you arrive on this site, you will find it easy to navigate and comprehensive when it comes to opening an account. To familiarise yourself with trading, you have the benefit of being able to open a demo account before you trade with a live version. The educational tools will also help you to enhance your trading skills. There are plenty of market assets to choose from, and the spreads are competitive, making it a good contender in the world of CFD brokers.

    When it comes to safety, their long-established record makes them a viable choice. ETX Capital is licensed and regulated by the FCA, which means they have to follow strict guidelines. Being listed on the London Stock Exchange is another reason to find them a reliable broker. If you have any issues or questions, you can be secure in the knowledge that the customer support team are easy to reach. They will be quick to deal with any questions you might have. All in all, this broker ticks lots of boxes when it comes to a straightforward and successful CFD trading experience.

    Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

    Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

    Frequently Asked Questions

    Is ETX Capital legit? Will they scam me?

    As a well-established broker listed on the London Stock Exchange and licensed by the FCA (Financial Conduct Authority) means you can be confident your money is safe.

    Do they have a decent mobile or tablet app?

    In addition to being able to use the site on a mobile browser, you can also download an app for iOS and Android and trade on the MetaTrader 4 version of the trading platform.

    What bonus do they offer for new traders?

    From time to time, there are promotions available, but currently, there are no special promotions offered to encourage you to open a new account with them.

    Can I start trading on a free demo account?

    There is a free demo account which is easily accessible and will allow you to practise trading. Use the MetaTrader 4 version of the ETX trading platform while you familiarise yourself.

    What’s the min deposit and ideal trade amount?

    The minimum deposit amount is £100, €100 or $100, and you can deposit funds in all three base currencies. The minimum trade amount is just £1, $1, €1.

    Emily has written for us for 2 years, and with an education and career in economics, markets are something she understands. Working as a consultant for various financial institutions gives Emily the ability to devote a certain amount of her time to the site.

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