ETX Capital – Scam or a reliable Forex and binary options broker?

ETX Capital is a broker we have been observing for quite some time now. We were following forums, discussions, social media and possible scam reports. The good news is that given the size of this broker, the complaint rate is very low. Our team used to trade for two years at ETX Capital and we would recommend their platforms to intermediate traders. It’s not well suited for professional trading but also not the best option for noobs that make their first trades.

This broker is FCA licensed and regulated which is pretty much a must have criteria nowadays. This is only valid for the CFD trading, not for binary options (these are not regulated through the FCA at the moment of this writing). But if binary options is interesting for your trading needs, it really helps to have the opportunity to trade both CFD and binary within the same platform and account balance. Also the client funds are kept separate (believe it or not, this is not the case with every broker even in 2016).

Apart from that there are a few things that are considered negative: There’s no live chat support. The real spreads are very different to the “typical” spreads mentioned on the website. This depends on the market of course but it looks like “typical” is like the all time low. There are currently no complaints going on but traders sometimes have trouble closing trades even with stop-loss. This is more like a typical liquidity issue you need to be aware of. So pay attention to that.

We would love to hear your thoughts. What do you think about ETX Capital personally? What are your experiences?



ForexScams.org Recommends:

#1: www.plus500.com - Millions of traders use this reliable and simple platform. Get your free demo account. Your capital is at risk.
#2: www.avatrade.com - Reliable FX Broker with EU-offices and very high safety of funds.

The Alternative - Social Trading:

#1: www.etoro.com - the world's leading social investment network. Just copy successful traders with a click of a button and profit. Trading involves risk.


VN:F [1.9.22_1171]
Rating: 0.0/10 (0 votes cast)

4 opinions and experiences

  1. Masala Nemugumoni says:

    Never ever trade with IQ Option.
    2017/10/25 15:59 & 16:20 South African Time.
    I went long on the USD/CAD and seconds later the position was in the money.
    The worst unimaginable thing happened.
    System started hanging.
    Unfortunately for me, I was not trading with “stop loss”.I was confident of the direction of the spike.
    I had no connection issues on my end as I had other trading platforms running perfectly.
    I tried to protect my profits and obviously could not until I was kicked out of the trade – supposedly out of the money.
    The most shocking part is that shortly after that I tried to trade so I could close my account with these Scammers.
    Similar thing happened again and this time no position opened but my account was cleaned out.
    I tried explaining all of these to Fedor Kudriatcev and he was very dismissive.
    YOU TRADE WITH THIS BROKERAGE AT YOUR OWN RISK. YOUR MONEY IS NOT SAFE!!!

  2. Karim says:

    Try having a charge back. If this fails contact fullworthplus(at)financier(dot)com to help you get your funds recovered from your broker. I have invested in 3 binary option brokers, a chargeback was successful for Omega options. He was able to have my funds recovered from 24option and Banc De Binary, a sum of 190k in total

  3. M O Mohammed says:

    Early Jan 2016 I made an account with fx protrade on equity trading startig with little money , they were good in advertising , I paid in my account until now more than a million USD. The profit is more than 2 M.
    When the moment of truth came for withdrawual they start to give promises. No withdrawual been made.
    The company is very active in Middle East with lot of victims
    They are a serious danger to investment, but how to recover the money. The victims need your help

Please post your opinion or experiences here:

Your email address will not be published. Required fields are marked *