Despite its reputation as a relatively new, upcoming trading platform, ETX Capital has been in business for over half a century, and continues to provide clients with superior service. The FCA-regulated broker also offers many unique features, such as voice-broking execution, which allows traders to place and execute orders over the telephone. In fact, it won the Best Customer Service award for 2020! However, this article will definitely help you to know about ETX Capital.
Offers A Variety Of Technical Analysis Tools
ETX Capital offers a variety of technical analysis tools, as well as a web-based platform. However, traders who prefer MT4 may be better served with an account on ETX Connect, which provides access to thousands of EAs and technical indicators. ETX Capital also offers a professional account, which requires PS500,000 of capital, and a trading history of at least 10 significant trades in the last quarter. A free demo account is available to those who are just getting started. ETX Capital also provides a simple fee structure.
Those who are looking for a platform with lower spreads and high leverage can opt for the Standard Account. This platform also offers negative balance protection, a negative balance protection and higher leverage for more experienced traders. Traders can trade forex, indices, shares, and cryptocurrencies with the Standard Account. The company has a variety of payment options, ranging from credit cards to wire transfers. They accept a number of major currencies, including US dollars, British pounds, and the euro.
Find The Best Forex Broker In South Africa
The best broker in South Africa should offer a wide variety of deposit methods and services. Some platforms accept credit cards while others accept e-wallets. You should check if the broker charges any fees for transaction or withdrawal. While you can try live chat for instant feedback and advice, email can be time-consuming and sometimes not respond to requests. It is worth checking the customer service of different platforms before signing up. The best broker in south africa will offer live support 24 hours a day, seven days a week.
Once you feel comfortable, you can begin trading with real money. Although most South African trading platforms offer a choice of payment methods, such as a bank account transfer, it can take several days for funds to show up in your account. That’s why many traders prefer instant payment methods like credit cards or e-wallets. For withdrawals, the user must provide a valid ID card and email address. In the event of a large withdrawal, the platform may require an ID card for security purposes. In case of a high withdrawal amount, Quotex may also require a copy of your ID card. You should always use a trusted broker to ensure that you are using the correct platform to invest your money.
A forex trading platform should also offer several currency pairs for you to choose from. Major currency pairs like EUR and USD are available on most platforms, but there is also the exotic currency pair, the South African rand. Some platforms allow you to use leverage on forex trades, up to 1:1000. While you should know your risk tolerance before trading, a good forex broker in South Africa should also have a demo account with unlimited use.