Opening an ETX account is very easy, Just visit the official ETX website and click on the Create Account button. The system will ask you to select your home country from the list. Before you can be allowed to trade on the platform as a first-timer, there are several questionnaires that you must answer. You will be asked to enter your email, name, country of origin, and phone number function. You will be told to choose your type of trading platform, which can be MT4 or TraderPro. Also, you will choose your currency, which can be USD, EUR, or GBP.
You will then be asked about your financial background and trading skills. When this information is complete, there will still be two more steps for the trader to complete. Before funding, account verification will be asked. Then you must upload documents to verify your identity and residential address. You can do this on the website and mobile app. Through several methods, it is possible to deposit and withdraw Funds at ETX Capital. The minimum deposit amount on the account is £250, or the equivalent of your chosen currency. Then what types of accounts are provided? Here’s the answer.
ETX Account type
ETX Capital does not provide separate accounts. Instead, the broker provides two different platforms to suit every trader’s trading style. A trader can be on ETX TraderPro or ETX MT4. When an account is opened on one of these platforms, it is still allowed to trade on the other platform. The switch is seamless, you have to email customer service, and so they will allow you to trade on other platforms because you have gone through a verification process during your account opening.
As a trader, you can have more than one trading account at the ETX Capital broker, as well as for each available trading platform. One can register more than five trading accounts with ETX Capital. You can always contact the broker if you must wish to have more than five accounts on the platform.
• Demo account with virtual money
• MetaTrader 4 Accounts
• Trader Pro ETX account
Demo Account At Etxcapital
Separately demo accounts for both platforms have been provided by ETX Capital. To get a demo account is very easy, go to the tab on the official site then select demo, to complete the registration follow the instructions. With the demo platform, you can improve your trading skills and get acquainted with several tools without risking your real money on investments.
How To Deposit And Withdraw
As previously mentioned, the minimum deposit condition on the ETX Capital platform is $250, or the same as your chosen currency. Deposits can be made by bank transfer or wire transfer in different currencies such as USD, GBP, EUR, ZAR, SEK, SGD, PLN, NOK, CZK, HKD, AUD, CHF, CAD, or HRK. Deposits take a minimum of one business day, while withdrawals take about two to three days. The same goes for online bank transfers. The same number of days applies to this kind of deposit as well. Deposits made by debit or credit card can be in GBP, USD, EUR, CZK, DKK, NOK, ZAR, CHF, NOK, or PLN.
For those interested in using an e-wallet, there are several options for them, and these include Neteller, GiroPay, Skrill, and Sofort. For this deposit method, the number of days is still valid. Note that GiroPay and Sofort allow deposits only in EUR. Skrill and Neteller allow EUR, USD, or GBP. China UnionPay allows EUR, RMB, GBP, or USD.
Facts about payments:
• Bank Transfer and electronic payment methods
• Instant deposit
• Withdrawals are made within 1-3 working days
• No fees for deposits
• 5 free withdrawals per month
• £10 fee for payments under $100
ETX Trader Pro
ETX Capital develops ETX trader Pro software for its customers. The Software gives you the same tools as MetaTrader but the interface is much smoother and user-friendly. Several types of charts, technical indicators, and drawing tools are available for analysis. Moreover, you get access to dynamic risk management which helps you to control the risk of different positions very easily.
Graphics can be customized with drag and drop options which is a big advantage as you can do it very quickly. Especially for beginners, you will get a better overview of the market than in MetaTrader 4. In conclusion, ETX trader Pro is slightly better than MetaTrader 4 but does not support automated trading.