For additional withdrawals, you pay a 10 GBP withdrawal fee per withdrawal. Withdrawal requests through bank transfer are typically processed within 3 days, while withdrawals to a debit or credit card tend to take 4 days to process.

Your ETX account will be deemed dormant if you have funds in it but no trades have been placed over days. ETX is chiefly famous for their spread betting and Contracts for Difference CDF offers, but have a lot of interest available to the binary option trader as well — including binary options based on commodities.

The company is based in London and regulated by the British Financial Conduct Authority FCA. Their license number is Among other things, FCA have strict requirements when it comes to the protection of client funds. ETX Capital This article reviews ETX as a binary options broker. Minimum deposit GBP Minimum trade 10 GBP Mobile App available? Yes, for Android, iOS and Windows mobile devices Demo Account available?

Yes Signal Service available? No The London-based online broker ETX Capital offers binary options based on commodities, foreign currency, indices and stocks. Examples of reasons why many commodity binary options traders have an account with ETX: There is no withdrawal fee for your first four 4 withdrawal requests each calender month.

This is a great service, since it means that you can make approximately one withdrawal per week without paying any withdrawal fees.

The company is based in the United Kingdom and regulated by the British Financial Conduct Authority FCA. Long-term binary options available in addition to the standard fare. The trading platform The trading platform is actually easy to use, but can be a bit overwhelming at first glance.

One TouchWill the asset reach a certain price level at any point during the lifetime of the option? Mobile app Mobile trading apps are available for Android from version 3. The Call and Put buttons make the process of designing binary options quicker, and the strike price is always clearly displayed between the buttons.

Once the binary option is to your liking, hit Invest to confirm the trade. Your open position will be displayed in the Open Positions screen below the main window.

At the price graph, you can continuously follow the status of the trade. If the colour is blue, the option is currently in the money.

If the colour is red, the option is currently out of the money. The Open Position screen is also where you find the current Sell value for your open position. You can close the position right away by accepting the sell price offered by ETX Capital. There is a special mobile trading app available for binary options. You can not trade CFD:s in this app. The binary option trading app is available for both iOS and Android. All binary options are linked to real markets and events around the world.

The high low is available as short term, standard term and long term. The shortest term binary options will expire 60 seconds after purchase. Long term typically means that the binary option will expire at the end of the last trading session of the calendar month. Will the price be higher than the reference point when the option expires? Or will it be lower? One Touch is a type of binary option that will immediately finish in the money if a certain price level is reached at any point during the lifetime of the option.

The payout for options that expire in the money is a nice percent. For most binary options at ETX Capital, the payout falls within the 75 percent — 80 percent span.

Primarily a spread betting and CFD Contracts for Difference brokers, they have added binary options to their portfolio. They provide an excellent trading platform and due to them providing CFD trading in the UK, are fully regulated by the Financial Conduct Authority FCA Number 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 business.

ETX Capital also offer CFDs and Forex trading, those platforms are covers in more detail in DayTrading. The left hand side of the trading platform is the asset and options list.

ETX provide the usual mix of assets — Forex, Indices, Commodities and Stock. The 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 very 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 the 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. As a broker that is regulated by the FCA, ETX Capital have strict controls on deposit and withdrawal methods, and this in turn, ensures greater protection for the trader and their funds.

There is a £ minimum deposit requirement at ETX, though you must have sufficient funds in your account to open trades. The amount required will depend on the asset, and expiry. Deposits can be made via debit or credit card but these must be in the name of the individual not a commercial card for example.

Wire bank transfers are accepted, again they must be in the same name as the individual on the trading account. Deposits can be made via exactly the same options over the mobile apps. ETX accept deposits in a broad range of currencies, including GBP, USD, EUR, ZAR, SGD, SEK, RON, PLN, NOK, JPY, HRK, HKD, DKK, CZK, CHF, CAD, AUD. 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. Any withdrawals over 5 within a month will incur a £10 charge. An account is deemed dormant if there are funds in it, but no trades have been placed over days. Toggle navigation. Compare brokers Reviews Quotex Binary. ETX Capital. Minimum Deposit — £ Minimum trade — £10 Demo Account — Yes Signals service — No.

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.

The ETX Capital Bonus is available to all its binary options traders who request for it. The largest selection of underlying assets in found in the forex category, but ETX Capital has a lot of offer commodity binary options traders as well. If you have any queries and need to get guidance email support, phone call and live chat facility is given to all traders. In spite of hiring brokers to handle portfolio, becoming member of ETX Capital is much easier. If you for instance want to have commodities as your underlying assets for binary options, this is where you make that choice. If the colour is red, the option is currently out of the money.

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