ETX Capital Review 2026
The full ETX Capital write-up for United Kingdom traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in United Kingdom
| Regulator | FCA FCA, Financial Conduct Authority (FCA) |
| Licence Number | 124721 |
| Regulated Entity | Monecor (London) Ltd t/a ETX Capital |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $100 |
| EUR/USD Spread | From 0.6 pips |
| Instruments | 5,000+ |
| Platforms | TraderPro, MT4, MT5 |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | Inactivity fee: GBP25/month after 12 months |
| Verify on FCA register → | 124721 |
Verdict
Cooks under FCA (licence 124721). Cover charge $100. In United Kingdom, forex leverage is capped at 1:30.
About ETX Capital
ETX Capital opened its doors in 1965 out of a kitchen in London, UK. Its menu runs to 5,000 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by Monecor (London) Ltd t/a ETX Capital under FCA.
In United Kingdom, ETX Capital serves as Monecor (London) Ltd t/a ETX Capital, cleared by FCA under licence number 124721. Under FCA house rules, United Kingdom traders are poured no more than 1:30 leverage on forex pairs.
Trading Platforms
Pros
- FCA regulated, licence 124721
- 5,000+ instruments to trade
- Negative balance protection in United Kingdom
- Platforms: TraderPro, MT4, MT5
- Founded in 1965 (61 years operating)
- 5,000+ instruments across forex, indices, stocks and commodities
Cons
- Inactivity fee: GBP25/month after 12 months
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Frequently Asked Questions
Is ETX Capital regulated?
Yes. ETX Capital is authorised by FCA, issued to the entity Monecor (London) Ltd t/a ETX Capital, an authorisation you can look up for yourself on the official FCA public register.
What is the minimum deposit for ETX Capital in United Kingdom?
The cover charge is $100, the smallest amount United Kingdom traders need to open a live account with ETX Capital under FCA rules.
What leverage does ETX Capital offer in United Kingdom?
In United Kingdom, FCA rules cap ETX Capital at 1:30 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is ETX Capital safe to trade with?
The kitchen passes inspection: ETX Capital cooks under FCA. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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