ETX Capital Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of ETX Capital trading signals. You will learn what kinds of trading signals ETX Capital offers and what the conditions for using them are.
Short introduction of ETX Capital
The brokerage company OvalX (aka ETX Capital) was founded in 2002 and belongs to the well-known corporation Monecor Limited, which has been operating since 1965. Headquartered in London, the company is regulated by the FCA (UK Financial Conduct Authority). The broker is aimed at cooperation with traders from EU countries. ETX Capital provides a wide range of trading tools, narrow spreads and quality training materials. In 2018, ETX Capital’s own development TraderPro was recognized as the best trading platform according to the UK Forex Awards and Online Personal Wealth Awards.
| 💰 Account currency: | USD, EUR, GBP |
| 🚀 Minimum deposit: | From £250 or equivalent |
| ⚖️ Leverage: | Up to 1:400 |
| 💱 Spread: | From 0.6 pips |
| 🔧 Instruments: | Currencies, indices, stocks, energies, commodities, metals, cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100% - 20% |
ETX Capital Pros and Cons
👍 Advantages of trading with ETX Capital:
•control of the broker's activities by the FCA;
•typically a narrow spread for popular currency pairs;
•quality training from London’s financial experts.
👎 Disadvantages of ETX Capital:
•high minimum deposit;
•small selection of payment systems and withdrawal commission under certain conditions;
•a complex and lengthy procedure for opening an account, consisting of four stages;
•there are no PAMM accounts or investment programs for generating passive income.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
ETX Capital Trading Signals
The Traders Union experts have analyzed the trading conditions of OvalX for explicit and implicit fees. If the withdrawal amount exceeds 100 pounds and the number of requests does not exceed 5 trades per month, then the broker does not charge an additional commission from the client. When withdrawing smaller amounts and exceeding the limit of available requests, the broker charges a commission of $25 for each payment. Replenishment of the deposit takes place without charging a commission.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | From $6 | Yes, under certain conditions |
| Premium | From $6 | Yes, under certain conditions |
| Professional | From $6 | Yes, under certain conditions |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that ETX Capital does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Can trading signals be provided for free?
Brokers may offer free and paid trading signals.
Do I need to test trading signals before subscribing to them?
Most definitely yes. Make sure that the signals do work and are effective.
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.