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Exto Capital

Exto Capital is a forex brokerage incorporated in the British Virgin Islands that, in addition to forex trading, also trades commodities through its Switzerland based partner, Exto Financials SA. It is regulated by Swiss law (through the Swiss Federal Department of Finance) as a financial intermediary and, moreover, has its books audited by PriceWaterhouseCoopers.

The company has its own trading platform, the ExtoPRO, which is available in three versions. The ExtoPRO Trader, which is the prime software meant for active and experienced traders provides the trader with a host of trading tools including very comprehensive charts. It is available as a download. For less experienced traders, the company provides the ExtoPRO Light, which has fewer analytical tools and is web-based. For traders who wish to carry out trades on their mobile phones and PDAs, there is ExtoPRO Mobile. This software is compatible with iPhones and all web-enabled mobile phones.

Account opening and training tools
The minimum amount to open an account with Exto Capital is $1000 but new traders have access to a free demo account to test their skills before they engage in live trading. Apart from the demo account, the company's website has a very detailed Education section which provides information that new traders will find beneficial. This section takes the trader through the basics of forex trading and explains common terms. It also teaches the trader how to use forex analysis tools such as Bollinger Bands and moving averages among others. To supplement these training and education aids, the broker also produces a daily forex newsletter which is sent to subscribers each morning. The newsletter reviews forex trading trends which help traders plan trading strategies. It also carries a forex calendar which is an analysis of important global events that have an impact on forex trading.

Opening an account with Exto Capital is easy as it is done online. The company accepts several deposit and withdrawal options including Wire Transfer, MoneyBookers, PayPal, WebMoney and Credit Cards. Withdrawals above $500 do not incur any fees but all amounts below this figure incur a $25 charge.

Currency pairings, Spreads and Leverage
Exto Capital offers a total of thirty eight currency pairings including the majors. The spreads are also quite low. The lowest spread for the EUR/USD pair, for example is 1.2 pips while it is 2 pips for the GBY/USD pair. Other low spreads include 1.8 pips for the EUR/JPY and EUR/GBP pairs and 2 pips for the USD/CAD pair. The maximum leverage is 400:1. The company also allows scalping and hedging and is Shariah compliant. Customer support at Exto Capital is provided via email, telephone and live chat. The company also allows clients to request to be called at their convenient times. Support is offered in several languages including English, French, Arabic, Hungarian and Spanish.

At Exto Capital, the forex trader is assured of never reaching a negative balance through the company's automatic margin liquidation. Moreover, execution of trades is fast and transparent as there is no dealing desk. The trading hours at Exto Capital are 22:00 GMT Sunday to 21:00 GMT Friday.

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Disclaimer: Please note that forex trading can involve a significant risk of loss and is not suitable for everyone.

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