ETX Binary Review

Review

ETX Binary is a binary option platform offered through ETX Capital, a trading name of Monecor (London) Limited, which is considered one of the best brokerage houses in the industry. Since 2002, it was primarily a Forex dealing desk but has now branched off into binary option trading as well. It is one of the few binary option brokers with FCA regulation. It is also fully EU regulated and certified by JFSA Japan.

Accounts

There isn’t much information about the accounts offered by ETX Binary.

Under the Terms and Conditions section, I was able to find some additional information. The first thing I found when doing this review was that a trader must open an account with ETX Capital before being able to trade binary options with ETX Binary and receive a welcome bonus.

The minimum deposit to an ETX Binary account is $250.

Features

ETX Capital was established in 1965. It is authorized and regulated by the Financial Conduct Authority and is a member firm of the London Stock Exchange. Client’s funds are kept strictly separated from company money in investment grade rated UK banks, and daily checks are performed to ensure the firm has a sufficient level of regulatory funds.

ETX Binary Features

When it comes to social trading, ETX Binary Traders can also track the Trader Choice to see the movements of other ETX traders and get the feeling in which direction the market is swaying.

Education

There is a host of educational tools available at ETX Binary including several videos, training courses and seminars. There are also several live webinars offered each month. Market commentary and real time news reports are provided daily.

Deposits/Withdrawals

Depositing and withdrawing funds is straightforward, but there were not many options. ETX Binary supports MasterCard and Visa and bank transfer and at the time of this review they were arranging to include MoneyBookers/ Skrill for faster withdrawing. Skrill was available for deposits.

Customer Support

Customer support is available by phone to UK numbers and email. Nothing was mentioned about Chat service but because ETX Capital does offer Chat, I assume that ETX Binary does as well. Support itself is available in English, Italian, German, French, Spanish, Danish, Chinese, Russian.

They also operate a support site which provides answers to traders’ most frequently asked questions. The email used to post questions or concerns is the ETX Capital one.

I had some difficulty during this review of ETX with finding responses to some of my questions and was somewhat surprised to find the information listed as Q & A when I clicked on the ‘Support’ tab. And even there, some of my questions were not answered. It took me a while to uncover if there was a minimum deposit on their binary option accounts. In fact, there is scant information about the different binary accounts. There is also an ‘ask us’ tab which takes you to an online form for any additional queries and comments.

Conclusion

ETX Binary is the dynamic binary options trading platform on offer from ETX Capital, a London based financial brokerage with over a decade of experience in the industry. All in all, I found the ETX Binary platform to be informative and fun to navigate. For those who wish to trade on just up and down (call and put) and not specific prices ETX Binary is ideal. Users have the chance to take a position on a variety of different products, including Forex Pairs, Indices, Equities and Commodities.

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Features

There are several good features at ETX Binary though none of them are particularly outstanding. Most of the features offered reflect those of the parent company ETX Capital which is fine. The bonus structure does differ, however, and the welcome bonus can go as high as a generous 60 per cent of the amount deposited into the account. Some of the features were not listed directly on the ETX Binary site and a good amount of searching was required in order to locate some information.

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Platforms

SpotOption

The ETX Binary trading platform is user-friendly and still versatile. Traders can place trades easily and track the progress. The trading interface is the traditional Spot Option interface with its nice theme and excellent performance. ETX Binary enables high low trading trough long term and turbo binary options. They also offer pairs trading.

ETX Binary Trading Platform

Perhaps the financial sophistication of ETX Binary platform is best seen in the amount of assets one can trade via binary options. There are more than 100 asset types – 12 currency pairs, 8 commodities, more than 80 stocks and many global indices.

MarketPulse

As of June 10th, 2015, they have switched their trading platform to the powerful and versatile MarketPulse platform. This now gives traders more assets to trade, and better types of binary options.

They have time frames of 30 seconds, 60 seconds, 3 minutes and 5 minutes. Along with longer term options. They have the range, one touch, high low, spread, and options on demand. The spread and one touch offer returns of 100%.

Mobile

The ETX Binary trading platform allows traders to speculate on movements in global markets with limited risk. Binaries are perfect for those on the move, so the broker has made the platform fully compatible with Android, iPad and iPhone devices.

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User Reviews

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