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Ethex offers a unique platform focused on ethical investments, allowing users to participate in direct investments that support positive change. The account types available on Ethex include:
Investor Account: This account type is for individuals looking to invest directly in organizations and projects that align with their values. Investors can choose from various direct investments, which are considered high impact but also carry higher risks due to the lack of portfolio diversification.
Enterprise Scheme Exemption: Ethex operates under an enterprise scheme exemption, which means it is not required to be regulated by the Financial Conduct Authority (FCA). However, the platform aligns with FCA guidelines to reflect best practices.
Appropriateness Test: All new investors are required to complete an appropriateness test to ensure they understand the risks associated with direct investments. This is a crucial step for potential investors to grasp the nature of their investments.
To open an account with Ethex, follow these steps:
Registration: All new investors must register on the Ethex platform. This process includes providing personal information and agreeing to the terms of service.
Completing the Appropriateness Test: After registration, investors must take an online appropriateness test. This test includes multiple-choice questions on risk and return, ensuring that investors are aware of the potential risks involved.
Waiting Period: Investors must wait 24 hours after completing the registration process before making their first investment. This allows time for the system to process the registration and test results.
Accessing Information: Ethex provides a risk summary and additional resources to help investors understand the risks associated with their investments, ensuring they are well-informed before proceeding.
Investment: Once the waiting period is over, investors can start making direct investments into the projects and organizations listed on the platform, contributing to positive change while managing their investment risks.
Explore broker markets account types: forex/trading accounts with demo access.