ETX Capital Review
The experience of the parent company has been utilized to provide a user friendly platform of binary options trading by the ETX Capital which is powered by the well-known SpotOption platform. The SpotOption provides freedom to the developers, to provide an intuitive and user-friendly platform for trading. The platform provides binary options like high or low, one touch binary options, long term binary options and short term binary options amongst others. The website provides a safe, secure, and convenient layout to the traders.
The official site of the company is artistically laid to attract the aspirants. The website uses black, white and cashmere colors to catch the attention of the visitors. The intuitive website layout and years of experience of the parent company makes it one of the chosen brokers in the binary trading arena. The platform is easy to use and provides the data feed in a real-time. The ETX Capital offers over 100 assets to choose from, including stocks, forex pairs, commodities, and indices. The long list of choices will allow any type of trader to select his or her favorite assets for the trading.
The platform offers long term and short term assets to attract various kinds of traders. The types of binary options range from a very short term to more than a day expirations. The high/low binary option allows a trader to take a call on the direction of the asset, and the broker trades on whether the asset’s price will increase or decrease.
The broker also offers one touch option, which allows the trader to predict whether the asset will cross the predetermined price level or not. The predetermined levels are set at the equidistant from the current price, and hence trader will choose a “call” if he or she thinks that the price will close above the higher level or choose a “put” if he or she thinks that the price will close below the lower level, at the expiry. The company also offers various expiries ranging from 60 seconds to 24 hours to meet trader’s requirements.
The prominent feature of the site is, that it allows the traders to close any open position before the expiry of the option, of course, at a lower profit or loss. The company allows traders to engage socially through “trader’s choice”, which shows the top performing trader and their trades, so one can duplicate those trades to be on winning streak. The company also offers the android and IOS powered mobile application for their customers, which allows trading on the go.
The trading platform also offers same services in the demo account, which is opened with a virtual currency of $10,000. We highly recommend our readers to utilize the facility before commencing the trading with the real money. The disheartening feature on the site is limited learning options on the site, as many of its competitors offer in-depth knowledge sessions and tutorials for their clients, although it offers webinars, seminars, and trading course to their registered customers. The platform also provides daily market reviews for all their customers, to understand the current market scenario and assess the trend.
Deposits and Withdrawals.
The ETX Capital broker provides the most popular payment methods like MasterCard, Visa Card, Amex, Skrill Moneybookers, Neteller and wire transfer. Like most other binary brokers, it does not offer popular payment option like PayPal as a payment method. The company accepts minimum deposit amount of $100 while it does not put any cap on the maximum deposit amount. The broker also accepts the deposit in various currencies including USD, GBP, and EUR amongst others. The card payments, Amex, and Skrill transfers are credited immediately to the customer’s account, while the payments through wire transfers take up to five days to credit in the account. The organization does not allow to change the currency of choice, and it is selected at the time of the deposit.
The withdrawal process is very straightforward and takes up to five days to process. The organization asks for credit card details, ID proof, and utility bills for verification and further processing of the funds. The company allows up to 5 wire transfer per month without any fees and charges fees of £10 per wire transfer for subsequent transactions.
The organization does not allow traders from the USA to register but offers services to other nationals. The company allows minimum investment amount of $10 while it allows maximum investment amount in a single trade as high as $2000. The minimum trading amount makes it one of the preferred retail brokers for the traders. The company also charges for an inactive account if the account has stayed inactive for more than 120 days.
ETX Capital Binary trading