Offering very attractive spreads, ETX Capital is one of the leading traders in Forex and CFDs. Beyond the success of the broker, it is essential to know all the conditions applied before registering. Here are the details concerning deposits and withdrawals on this platform
Available payment and withdrawal methods
ETX Capital supports several methods for carrying out transactions. The conditions may then be different depending on the method chosen by the trader, and depending on the nature of the transaction.
- Telegraphic transfer
Professionals particularly appreciate the use of wire transfers, which consist of direct transfers between financial institutions. If the trader chooses this payment method, here are the conditions applied:
The usable deposit currencies are as follows: EUR, USD, GBP, AUD, CAD, CHF, JPY, SEK, ZAR, PLN, HKD, NOK, SGD, RON, CZK, DKK and HRK. Deposit operations are carried out in 1 business day, while withdrawals can take between 2 and 3 business days. The main advantage of this method is that it is the safest payment method to avoid the risk of error.
- Online Banking
Banking can also be done directly online, and this method is supported at ETX Capital. The deposit currencies are the same as for telegraphic transfer. As for the processing time, the time limit is 1 business day for deposits and up to 3 business days maximum for withdrawals. This method is advantageous, especially for the time savings it offers. The trader has the possibility to avoid long waits in banks.
- Credit and debit cards
ETX Capital allows, of course, payments by credit and debit cards, with the exception of American Express. In this case, the supported currencies are much more limited, including the unavoidable EUR, USD and GBP, as well as CHF, CZK, NOK, DKK, PLN and ZAR. The processing time for transactions is 1 business day for deposits, and between 3 and 5 business days for withdrawals. Although withdrawal times are much longer, cards allow for more or less immediate credit.
- Electronic wallets
For electronic wallets, ETX Capital accepts Skrill and Neteller, whose trading conditions are the same. Only the deposit currencies EUR, USD and GBP are supported. Regarding the processing of transactions, the deadlines are the same as for bank cards. The advantage of this type of payment is that online portfolios allow you to deposit or send money faster.
ETX Capital’s fees
For transaction fees, ETX Capital charges zero commission, except for withdrawals of less than 100 EUR/USD/GBP/CHF. For any amount above this, the broker offers its clients 5 free monthly withdrawals. However, a fee of 15 EUR is charged for withdrawals more than 5 times per month. For deposits, no fees are charged by the broker. In the event of inactivity of the account, however, he charges a monthly fee equivalent to 25 euros to the trader. Note that an account is considered inactive when there is no trading activity for 120 consecutive days.
Measures against money laundering
As an approved and regulated broker, ETX Capital is required to apply strict security measures. Confidential data stored on the portal is protected by encryption systems. In order to combat money laundering, the broker also does not accept any financing from a third party. Regardless of the method used, transactions must be carried out by the account holder.