ETX Capital Review 2026
Regulated broker with real licence numbers.
ETX Capital is a regulated CFD broker founded in 1965. It holds a FCA licence under number 124721.
The basics
ETX Capital was founded in 1965 and is headquartered in London, UK. It is privately owned. The broker offers CFDs on 5,000 instruments across forex, indices, commodities, and crypto. All positions are contracts for difference — there is no real asset ownership.
MetaTrader is available on all account types. Copy trading is not offered.
| Founded | 1965 |
| Headquarters | London, UK |
| Instruments | 5,000+ |
| Platforms | TraderPro, MT4, MT5 |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | No |
| Real stocks | No — CFDs only |
Is ETX Capital safe?
FCA-regulated brokers must keep client funds in accounts segregated from company funds, provide negative balance protection, and contribute to the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per client if the broker becomes insolvent.
| Regulator | Licence | Entity |
|---|---|---|
| FCA | 124721 ✓ | Monecor (London) Ltd t/a ETX Capital |
You can verify the FCA licence at register.fca.org.uk. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
ETX Capital spreads
These are the typical spreads on ETX Capital's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| EUR/USD | 0.6 pips pips |
| GBP/USD | 0.9 pips pips |
| USD/JPY | 0.7 pips pips |
| Gold (XAU/USD) | 21c/oz |
| S&P 500 | 0.5pt |
ETX Capital's EUR/USD spread of 0.6 pips pips is competitive for a retail broker without a per-trade commission.
ETX Capital withdrawal fee and processing time
Fee: None. ETX Capital does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
ETX Capital minimum deposit by entity
The minimum deposit depends on which ETX Capital entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| Monecor (London) Ltd t/a ETX Capital | FCA 124721 | $100 | 1:30 |
ETX Capital vs eToro
| ETX Capital | eToro | |
|---|---|---|
| Primary regulator | FCA 124721 | FCA 583263 |
| Min deposit | $100 | $50 |
| EUR/USD spread | 0.6 pips pips | 1.0 pips |
| MetaTrader | Yes | No |
| Instruments | 5,000+ | 3,000+ |
| Copy trading | No | Yes |
| Withdrawal fee | None | $5 per withdrawal |
Both brokers are regulated and legitimate. ETX Capital suits traders who value MetaTrader and algorithmic trading. eToro is better for traders who prioritise its specific regulated entity coverage.
Regulation — the numbers that matter
| FCA | 124721 — Monecor (London) Ltd t/a ETX Capital |
Leverage for retail clients in the EU and UK is capped at 1:30 on major forex pairs under ESMA rules.
Pros and Cons
What works
- FCA regulated — Monecor (London) Ltd t/a ETX Capital
- MetaTrader 4 and 5 available
- 5,000+ instruments
What does not work
- No copy trading
- No real stock ownership — CFDs only
- Inactivity fee: $25/month after 12 months
The verdict
ETX Capital is a legitimate, regulated broker. The FCA licence number 124721 is verifiable on the public register. It is best suited for traders who want MetaTrader on a regulated platform. Rating: 4.0 out of 5.
Alternatives to ETX Capital
If ETX Capital does not fit your needs, these regulated alternatives are worth comparing:
Frequently asked questions
Is ETX Capital safe?
FCA-regulated brokers must keep client funds in accounts segregated from company funds, provide negative balance protection, and contribute to the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per client if the broker becomes insolvent. ETX Capital holds FCA licence 124721, which is publicly verifiable on the official register.
What is the ETX Capital minimum deposit?
The minimum deposit is $100. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the ETX Capital EUR/USD spread?
The EUR/USD spread on ETX Capital standard accounts is typically 0.6 pips pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
How long does ETX Capital take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does ETX Capital charge withdrawal fees?
None. ETX Capital does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does ETX Capital have MetaTrader?
Yes. ETX Capital supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.