ETX Capital

  • 💵 Currencies
  • 🛠 Platforms
  • ⇔ Spread
    GBPUSD: 0.9
    EURUSD: 0.6
    GBPEUR: 0.9
  • # Assets
  • 🪙 Minimum Deposit
  • 🫴 Bonus Offer

ETX Capital rebranded to OvalX in 2022 before closing down in 2023. In shutting down its operations, ETX Capital sold its client book to, which is accepting new clients.

ETX Capital had a long history in the CFD trading and financial spread betting space, spanning 20+ years. However ultimately, the broker was unable to remain profitable in the face of industry headwinds and macroeconomic events.

About ETX Capital

When your parent company in London, has been around since 1965, expectations tend to rise for what you will offer. In 2002, when Monecor Ltd. Introduced TradIndex which would become ETX Capital in 2007, they were keen to use their decades of experience to provide a great online broker for the traders. Since the rebranding, the company has managed to expand its offering of products and services across several international markets.

ETX Capital gives you a selection of platforms, tools and assets to trade on. Since going online in 2014 they have done a lot to move away from the high net worth traders only business model to one that would bring in the average joes of the trading world. In 2015 they acquired Alpari network to even further increase their trader base and offerings.

Account Types

While at first look, it may seem that ETX Capital is lacking for choice when it comes to types of accounts you can choose from, there is some depth to their selection. You will have a choice of a standard live account, a demo account, and an Islamic account for the Muslim traders.

  • Demo Account: this is the recommended starting point for all traders, but especially the beginners. This demo will allow you to play with a large sum of virtual currency, eliminating risks, and helping newcomers to trading and ETX Capital reduce the learning curve and become better traders whenever they move on to their real money live accounts.
  • Standard Account: as the only option available to money traders, a lot is expected of this account. Requiring a minimum deposit of only a $100 is a great start. You will be able to use all trading platforms offered with this account. While most of ETX’s competitors are offering extra accounts for high volume traders, this broker goes against the grain by offering one account, so all traders have access to all the tools and features ETX Capital has to offer

Trading Platform

ETX Capital software

One of the most important things about an online broker is the trading platforms they offer. Not only will these platforms dictate your trading strategy, but their ease-of-use will change the speeds and the comfort level with which you trade. ETX Capital offers you two choices of trading platforms to use with their standard account, the proprietary TraderPro platform and the always popular MetaTrader 4 (MT4).

If you choose the ETX Trader Pro platform you will be happy to see this platform was created with the traders’ experience as a priority. Not only will this platform provide you with a greater scope to identifying your ambitions, it also excels by giving you in-depth market analysis and many other tools. Some examples are the customizable indicators, flexible layouts, smarter risk management tools, price alerts and personalized watchlists. This platform does favor the serious traders, while still providing a great platform for the beginner part-time traders.

MetaTrader 4 is the most used trading platform in the world, dominating all competitors by tending to 80% of the markets trading needs. With great tools such as EAs available for automated traders, a grand library of technical indicators, fully customizable interfaces and multilingual support you will never have a question go unanswered. With MT4 neither your money or time is wasted as this platform provides a simple and clean way to access all the information and tools you will need to satisfy your thirst before opening a trade.

Mobile Trading

If you are a trader on the go and don’t want to miss out on trading time while away from your computer ETX Capital has you covered. EXT Capital trading platforms are both offered on smart phones and tables through Google Play Store on Android and Apple App Store on IOS running systems. The apps provided are all very well thought out, as they offer most of the tools and features you could find on their computer-based counterparts. Security is once again a priority as the broker wants you to feel safe even when you go mobile.

Banking Options

While they lack choices in some categories, when it comes to depositing your money you will have several choices to pick from. These choices are:

  • Wire Transfers – Online Bank Transfers – Credit/Debit Cards
  • China Union Pay – eWallets (GiroPay, Skrill, SoFort, Neteller)

Most of these deposit methods process immediately, letting you go from setting up to trading in no time.

When you want to withdraw your money, you will be allowed to use the same options you have for depositing. It is important to mention unlike instant deposits; the withdrawal process can take anywhere from 2 to 3 business days. With ETX Capital you will also get 5 free transfers per month (over $100). If you want to withdraw more than 5 times in one month, each subsequent request will cost a processing fee of $25.

Spreads & Commissions

There are no commissions applied to customers in ETX Capitals business model, instead they make their money from the small added spreads on your trades. When it comes to the prices of these spreads, ETX Capital is quite competitive, as they manage to offer better spreads than majority of their competitors. This broker offers a EUR/USD spread in 0.6 pips and EUR/GBP spread of 0.9 pips. These numbers are great compared to 2 pips and 3 pips offered by other brokers for the same currency pairs.


While some competitors hit leverages maxed out at 400:1 or 500:1, the standard account offered by ETX Capital maxes out its leverage at 200:1. Trading on a margin with a high leverage is a great way to make money, but it is also useful to practice caution as you can lose more than you can afford when a trade goes the wrong way. Make sure you take your time to get all the information before you put yourself under a position that is hard to recover from.

Regulations & Security

Since they are based in the UK, ETX Capital is under the jurisdiction of UK’s Financial Conduct Authority (FCA). When you are regulated by FCA which is one of the strictest regulatory bodies out there, you really aren’t here for cheating your customers. With all traders having segregated accounts for their funds, and the protection of FSCS or Financial Services Compensation Scheme, you are guaranteed to be taken care of in case of a mistake or fraud.

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