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IETX Capital’s parent company is Monecor, which is a London-based firm that was founded in 1965. It is regulated by the FCA or the Financial Conduct Authority
Investing online is growing in popularity. Whether you prefer Forex, CFDs, cryptocurrency or other investment vehicles, finding a broker, setting up an account, and starting to trade has never been easier. However, it is also easier for unscrupulous parties to take advantage of unsuspecting traders. There are man trading scams online and it is important to know what to look for.
ETX Capital is regulated by the FCA or the Financial Conduct Authority. It is always important to look at licensing first. However, does that meant that ETX Capital is a scam or legit? If you want to know more about a broker or if you have lost money in an investment scheme, contact Trader Defense Advisory for information and resources so can get the process started for returning your funds to you.
|Product Types||Forex, CFDs, Currencies and Indices|
|Products Offered||More than 200 products to Trade|
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ETX Capital does not have a withdrawal fee for initial monthly transactions, which is a definite advantage. However, does have a $25 inactivity fee, which is higher than many other brokers and a higher than average fee on CFDs. For various CFD products, ETX Capital ranged from double the fee to a few dollars higher. This is a disadvantage also considering how risky CFDs are, to begin with.
However, this broker has reasonable withdrawal fee. The first five monthly transactions are free, and after five, the fees are just $10. The $25 inactivity fee after six months is higher than average. For traders who avoid trading high-priced and risky CFDs and keep their accounts active, the fees are not too onerous.
What are the signs of scam brokers? Here are a few of many dubious practices:
If a broker has exhibited any of these behaviors, contact Trader Defense Advisory experts immediately.
Time is of the essence when it comes to tracking down a scam broker. They are known to disappear quickly under alternate identities and to take your money with them. Fund Recall has decades of combined expertise in spotting scams, tracking them down, and working as an advocate to help clients retrieve their money. Consult with our experts today!
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