Edited by November 4, 2024

Author

Edited by

Chris Cammack

Partner Manager and Financial Writer

Chris manages the relationships with our partners to provide the best Forex trading experience possible for our users. Chris has 15+ years of research, and editorial and design experience for political and financial publications. His background has given him a deep understanding of international financial markets and the geopolitics that affect them.

Learn more about Chris Cammack

Author

Jeffrey Cammack

COO & Editorial Director

Jeffrey Cammack is our Editorial Director and has been trading CFDs and Forex since 2006.

Learn more about Jeffrey Cammack

ETX Capital

Best MT4 Trading tools

4.17

How we review

Top Rated Brokers

77.9% of retail CFD accounts lose money with this provider

Available to traders in %s

Min deposit

AUD 100

Regulated By
Varies by region

Trading Cost

AUD 6

Max Leverage
Varies by region

30:1

Copy Trading
Varies by region

Yes

Platforms

MT4, ETX

Instruments

ETX Capital Broker Review

NOTE: Currently, ETX Capital does not accept traders from Australia. As a replacement we recommend Pepperstone as a strong ASIC regulated broker, or eToro as the leading social trading broker in Australia.

ETX Capital is an FCA and FSCA-regulated broker with a feature-rich proprietary trading platform and a large range of tradable assets. With its highly customisable trading platform and 5000 share CFDs, ETX Capital is a good option for experienced traders or serious beginners looking to trade other assets than Forex.

ETX Capital offers full support for MT4 as well as its own award-winning proprietary platform, TraderPro. Unlike many proprietary platforms, TraderPro caters to both beginners and experienced traders and features numerous technical indicators, multiple chart types, split charting, highly customisable workspaces, and easy-to-use risk management tools.

Some traders may be disappointed at the lack of account options at ETX Capital, which has a single live commission-free account. Trading costs are average compared to other market maker brokers, with a minimum deposit of 100 USD and variable spreads averaging between 0.8 to 1.1 pips on the EUR/USD. Apart from share CFDs, ETX Capital offers trading on 60+ Forex pairs, cryptocurrencies, indices, commodities, and bonds – excellent for traders who wish to diversify their trading strategy.

ETX Capital also offers a wide range of educational materials for advanced traders, including regular courses run by professionals who have had successful careers as traders and senior managers at top financial institutions.

Does not accept Australian Clients. Average spread EUR/USD 0.60 pips on trading account with lowest minimum deposit. Max leverage 30:1. MT4 & ETX Trader Pro platforms supported. ETX Capital Group is regulated by the FCA, CySEC, and the FSCA.

Pros

Tight spreads
Great platform choice

Cons

Poor customer service

Rating Reviews

4.17

ETX Capital Overall Summary

Trust Rating

4.5

Trading Conditions

4.5

Platforms

4.5

Education

3.5

Beginner Friendly

Assets Available

Analysis Research

Deposit & Withdrawal

4.5

Overall Rating

4.17

/ 5

Base Currencies

EUR, GBP, USD

Number of FX Pairs

Crypto Pairs

Copy Trading

Yes

Hedging Allowed

Yes

Scalping Allowed

Islamic Account

Account Name

MT4

Commission

Fees Included in Spread

EUR/USD

1.01

GBP/USD

1.85

USD/JPY

1.35

Negative Balance Protection

Yes

Company Name

Monecor (London) Ltd

Founded

2002

Website

https://www.ovalx.com/

Website Language

English

Support Language

English

Office Locations

United Kingdom, Russia

Support Email Address

[email protected]

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Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), an experienced trader, and a financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 300 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Stefan de Clerk

Financial Writer

Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.

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