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EXT Capital is a London based broker. They are rather new on the binary option stage. For a while they have been mainly about spread betting and CFD broking, but have recently added Binary option to their assortment.
- Demo Account – Yes
- Minimum deposit – £ 100
- Minimum trade – £ 10
- Maximum trade – £ 5,000
- Signal service – No
- Mobile app – Yes. Works on most devices (android, iOS and windows)
Types of Trading
Since EXT Capital’s binary option is still relatively new, the choices you have as a trader are fairly traditional. What they do not have in exciting trading options, they make up for with a great range of assets (Forex, Indices, Commodities and stocks). It would not take many updates for ETX Capital to compete with the very best platforms out there.
High / Low – The standard binary option. Will the price of the asset be higher or lower than the contemporary price when your timer expires?
Short Term – Same kind of trade as High / Low, but with smaller timeframes. EXT’s timeframe is usually one or two minutes.
One Touch – This type finishes as soon as the price hit the chosen level. EXT both allows this with high and low prices. They do not offer a ‘no touch’ option.
Spread High / Low – This type is unique to EXT Capital. In many ways it works just like High / Low, but with strike prices a little bit above or under the current level. The big difference is this option has has a payout at 100 %.
Long Term – keeping to the traditional binary option standard, this type works like High / Low. The difference, as the name indicates, is a longer expiry time. You can set the time to the end of the month, if you are more of a long time trader.
Scam or Speculation
EXT Capital is regulated by the Financial Conduct Authority or the FCA. This agency mostly deal with CFD trading in the UK, but given that is what EXT do the most, they are still fully regulated and comply completely to FCA.
Their Trading Platform
ETX’s binary platform is exclusively for Binary options and is only open when the global markets are. The platform is set up easy, with the asset list at the left side and a price graph right side. Depending on which assets the trader chose you will be able to see the options available for the specific asset. You can also sort the assets after which options are available for them.
Once an asset is chosen the price graph shows up. You can then adjust your expiry time and you will be able to see the stake level right above the price graph. When wanting to confirm a trade simply click the ‘invest’ button. After confirmation the trade will appear in the box with ‘Open Positions’, which is located below the trading area.
Just like their regular platform, their mobile platform for binaries, are purely about binaries. The mobile platform is available on androids and iOS, making it accessible on most big brand devices. They have kept the layout and functions from their website and you can even access your trading history and normal account manager features.
The app is free and is offered to all of ETX’s clients.
Withdrawal and deposit
As mentioned earlier ETX is regulated by FCA, which put down strict rules on deposits and withdrawal methods. This can be an inconvenience, but in the end it ensures a more safe and secure platform.
Deposits and withdrawals can made with credit or debit cards assigned to the individual of the account. It must be the trader’s private card. Wire bank transfers can also be made, and the same rules goes about the owners’ private attachment applied. This functions in the same way on both the web and mobile platform. A large range of currencies are accepted for deposits. The first 5 withdrawals of the month have no fee, after those a charge of £ 10 will be applied. A transfer in any direction will usually take between2 and 4 days.