In this part of ETXCapital review we will make traders familiar with different accounts that this broker offers. Basically, there are two available accounts for all traders who decide to register. The registration process is fairly simple, and traders used to the online environment shouldn’t have any difficulties doing it properly.
ETXCapital also has a demo account, a feature that we are always happy to see. If you want access to the ETXCapital demo, you must first make sure to register. After that is done, you cans tart using the demo. Demo account is a great tool that can help every trader to research the broker. Demo platforms are usually exactly the same as the real trading platforms, which means they give a realistic trading experience. ETXCapital demo account has $10,000 virtual money which means that all losses and all profits are virtual as well. Demo account may not bring you any money, but it will give you a great advantage as you will get used to the platform.
After you test the platform with the demo, it is time to open a Real trading account. Minimum deposit required by the ETXCapital is $100. The great news is that a single account can be used for all types of trading offered by ETXCapital: CFD, Forex, spread betting, indices, shares, and commodities. This offers great portfolio diversification opportunities, but keep in mind that it is always the best practice to get familiar with different aspects of each type of trading before placing a trade. Even though they all seem similar, these trading types are very different.
For example, forex trading has completely different terminology and premise than binary options trading. In ETXCapital review we noted how maximum leverage for forex traders is 1:400 and minimum spread on popular EUR/USD currency pair is 0.7 pips.