ETX Company

　　

ETX Company: A Comprehensive Overview

　　

1. Company Overview

　　

Founding Date and Background

　　ETX Capital, now rebranded as OvalX, was founded in 1965. Originally established as Monecor (London) Limited, the company has evolved over the years to become a significant player in the online trading industry.

　　

Parent Company/Owning Structure

　　ETX Capital operates under Monecor (London) Limited, which is a member of the London Stock Exchange. This affiliation provides the broker with a robust financial backing and credibility in the trading market.

　　

Headquarters Location

　　The headquarters of ETX Capital is located at One Broadgate, London, EC2M 2QS, United Kingdom.

　　

Global Business Scope

　　ETX Capital offers its services globally, with a presence in various regions, including Europe and parts of Asia. The broker provides access to a wide range of financial markets, catering to both retail and institutional clients.

　　

Main Regulatory Bodies

　　ETX Capital is regulated by several key financial authorities, including:

• Financial Conduct Authority (FCA), United Kingdom
• Financial Sector Conduct Authority (FSCA), South Africa
• Cyprus Securities and Exchange Commission (CySEC)
• Markets in Financial Instruments Directive (MiFID II)

　　These regulatory bodies oversee the operations of ETX Capital, ensuring compliance with industry standards and protecting client interests.

　　Back to Top

　　

2. Company History and Development

　　

Key Milestones

• 1965: ETX Capital was founded as Monecor (London) Limited.
• 1995: The company received authorization from the FCA, marking its entry into the regulated trading environment.
• 2008: The ETX Capital brand was launched, focusing on providing online trading services.
• 2021: The company underwent a rebranding to OvalX, reflecting its evolution and commitment to innovation.

　　

Business Expansion Journey

　　Over the years, ETX Capital has expanded its business by diversifying its product offerings and enhancing its trading platforms. The broker has established a strong presence in the CFD and forex markets, attracting a diverse clientele.

　　

Customer Base Growth

　　ETX Capital has seen significant growth in its customer base, driven by its competitive trading conditions and a wide range of available instruments. The broker caters to both novice and experienced traders, providing educational resources to support their trading journeys.

　　

Platform Development History

　　ETX Capital has continuously improved its trading platforms, including the popular MetaTrader 4 (MT4) and its proprietary Trader Pro platform. These advancements have enhanced user experience and provided traders with advanced tools for analysis and execution.

　　

Important Awards or Recognitions Received

　　ETX Capital has received various awards over the years, acknowledging its commitment to excellence in trading services. Notably, it was recognized for having one of the best online trading platforms at the Shares Awards in 2018.

　　Back to Top

　　

3. Trading Services Offered

　　

Forex Trading Options

　　ETX Capital offers a comprehensive forex trading experience, providing access to over 60 currency pairs. This extensive selection allows traders to engage in various market strategies, including spot trading and forex derivatives.

　　

Stock Trading Options

　　The broker provides trading options for a wide range of stocks, enabling clients to invest in major companies across different sectors. ETX Capital offers both CFDs and direct stock trading.

　　

CFD Trading Products

　　ETX Capital specializes in Contracts for Difference (CFDs), allowing traders to speculate on price movements without owning the underlying asset. The broker offers CFDs across multiple asset classes, including indices, commodities, and cryptocurrencies.

　　

Other Financial Instruments

　　In addition to forex and stock trading, ETX Capital provides access to:

• Cryptocurrencies: Traders can engage with popular cryptocurrencies through CFDs.
• Commodities: The broker offers trading in commodities like gold, silver, and oil.
• Indices: Access to major global indices is available for traders looking to diversify their portfolios.

　　

Special Services or Unique Advantages

　　ETX Capital distinguishes itself with several unique advantages:

• Competitive Spreads: The broker offers tight spreads, making it cost-effective for traders.
• Educational Resources: ETX Capital provides a wealth of educational materials, including webinars, articles, and market analysis to help traders improve their skills.
• Multiple Trading Platforms: Clients can choose between MT4 and the proprietary Trader Pro platform, catering to different trading preferences.

　　Back to Top

　　

4. Regulatory and Legal Background

　　

Detailed Regulatory Information

　　ETX Capital is regulated by:

• FCA (UK): Ensures high standards of financial conduct.
• FSCA (South Africa): Provides oversight for operations in South Africa.
• CySEC (Cyprus): Regulates services offered in the European Union.
• MiFID II: Allows the broker to operate across EU member states.

　　

Legal Entity Structure by Region

　　ETX Capital operates under the legal entity Monecor (London) Limited, which is registered in the UK. The broker adheres to local regulations in each region it serves, ensuring compliance with applicable laws.

　　

Client Fund Protection Measures

　　Client funds at ETX Capital are kept in segregated accounts with top-tier banks, ensuring that client deposits are protected in the event of the broker's insolvency. Additionally, clients may be eligible for compensation through the Financial Services Compensation Scheme (FSCS) in the UK, which covers up to £50,000.

　　

Countries/Regions Served

　　ETX Capital serves clients in various countries, primarily across Europe and Asia. However, it does not accept clients from the United States, Canada, and several other jurisdictions due to regulatory restrictions.

　　

Compliance History

　　While ETX Capital has maintained regulatory compliance, it has faced scrutiny related to customer complaints regarding withdrawal issues and trading conditions. The company has taken steps to address these concerns and improve its services.

　　Back to Top

　　

5. Competitive Landscape

　　

3-5 Main Competitors

　　ETX Capital faces competition from several key players in the online trading space, including:

• IG Group: A well-established broker offering a wide range of trading products.
• CMC Markets: Known for its comprehensive trading platform and competitive pricing.
• Saxo Bank: A premium broker offering extensive market access and advanced trading tools.

　　

Positioning in the Industry

　　ETX Capital positions itself as a reliable broker with a strong focus on customer education and competitive trading conditions. The rebranding to OvalX reflects its commitment to innovation and adapting to market trends.

　　

Market Differentiation Factors

　　ETX Capital differentiates itself through:

• Wide Range of Instruments: Offering a diverse selection of trading products.
• Educational Support: Providing comprehensive educational resources for traders of all levels.
• Robust Trading Platforms: Offering both MT4 and proprietary platforms to suit different trading styles.

　　Back to Top

　　In conclusion, ETX Capital (OvalX) has established itself as a significant player in the online trading industry, with a long history, a diverse range of products, and a commitment to regulatory compliance. However, potential clients should conduct thorough research and consider the associated risks before engaging with the broker. For those interested in learning more about ETX Capital and its offerings, please refer to the relevant resources available online.