4 stars based on
Primarily a spread betting and CFD Contracts for Difference brokers, they have added binary options to their portfolio.
While binary options are yet to fall under the authority of the FCA, it is good to know the firm themselves comply due to the CFD element of the trading binary options with etx capital. The left hand side of the trading platform is the asset and options list. Trading binary options with etx capital lists are extensive, with all major FX pairs covered.
Once the option and asset have been selected, the price graph will update on the right of the screen. The stake level is above the price graph, with preset buttons available to quicken the trading process.
The Call and Put buttons are clear, with the strike price illustrated between the buttons. The price graph will also show the current status of the trade, with either a blue in the money box or a red out of the money box highlighting the current direction of the trade. This can be used to cash in profitable positions, or to reduce loses on trades which have moved against the trade. Traders can login at any time to view their current positions and sell them if they want to. The range of assets is excellent and the option types are good — some additional expiry times within the long term range, and perhaps adding Ladder or boundary options, would mean ETX compete with the trading binary options with etx capital best for trading choice.
The mobile app has been separated from the CFD trading app, to focus purely on binaries. Available on Android v3. All assets and trade types are on offer from trading binary options with etx capital mobile platform, as are trade history and account management features.
The mobile app is available free to all ETX customers. The download is quick and simple, and traders can login and trade quickly. The levels are certainly very competitive. Deposits can be made via exactly the same options over the mobile apps. Withdrawals are a positive at ETX. Bank transfers should be process in 2 or 3 days — withdrawals to a debit or credit card will take a day longer.
There no fees for withdrawals — unless traders make of 5 requests in a single calendar month. An account is deemed dormant if there are funds in it, but no trades have been placed over days. Mobile App — Yes. Compatible across android, iOS iPhone and iPad and windows devices. ETX offer some very tight spreads. For example, just 0. Forex spreads are a particular strength, but ETX are competitive across the board.