Broker Review · last checked 2026-07-02
ETX Capital Review
ETX Capital exists now mainly as a legacy name: it later became OvalX. The public maintenance site confirms services have ended and client funds were either transferred or subject to liquidation. This page serves research and recovery purposes, not new account setups.
- Legacy brand and closure context
- Official maintenance notice reviewed
- Regulatory status checked against official sources
- Not a live broker onboarding page
ETX Capital at a glance
Listing status: Exclude From Recommendations · fca, cysec, legacy, higher risk
Our verdict
ETX Capital should not be considered an active broker option in 2026. The OvalX maintenance page notes that Monecor (London) Limited—formerly trading as ETX Capital and later OvalX—entered members’ voluntary liquidation, with services halted. If you’re checking ETX Capital’s safety, remember this brand is closed and in recovery; the priority is locating where any remaining client funds or records now reside and which entity managed your account.
Who this broker suits
- Former clients checking closure, liquidation, or transfer information
- Researchers verifying historic legal entities and regulator references
- Users who need to confirm whether a legacy ETX Capital/OvalX account was moved or wound down
- You want a live broker for new account opening
- You need clear current pricing, funding, or platform terms
- You require an actively licensed, currently onboardable retail broker
Entity and regulation table
| Entity / brand | Regulatory status | Regulator / register | Evidence notes |
|---|---|---|---|
| Monecor (London) Limited | In liquidation; FCA authorised | FCA register / UK liquidation notices | FCA FRN 124721; ETX Capital/OvalX trading name; placed into member’s voluntary liquidation on 6 Sep 2023. |
| Oval Money (Europe) Ltd | CySEC authorisation withdrawn | CySEC former investment firms register / CySEC decision | CySEC CIF 096/08; approved trade names Oval, Oval Money, OvalX; authorisation withdrawn on 29 Apr 2024. |
| ETX Capital brand website | Broker website / support centre | Official website | Legacy maintenance site states services discontinued and points former clients to liquidation/ICF information. |
Key facts
| Topic | Summary |
|---|---|
| Best for | Former clients seeking closure, balance, or entity-status information. |
| Notable status | Legacy brand; public closure notice exists. |
| Regulatory clue | Official maintenance page references FCA authorisation for Monecor (London) Limited and CySEC/ICF for Oval Money (Europe) Ltd. |
| Platforms | No current active platform offering should be assumed from the closure notice. |
| Minimum deposit | No current minimum deposit is claimed because the firm is not presented as an active onboardable broker. |
| Payments | Residual balances and recovery routes are the main funding-related issues now. |
| Verdict | Treat ETX Capital as a closed/recovery case, not a standard broker signup choice. |
Do not use archived marketing materials as evidence of live account terms.
Alternatives to ETX Capital
| Broker | Comparison score | Regulator signals | Platforms | Why compare | Review |
|---|---|---|---|---|---|
 XTB | 75.5 | FCA, CySEC, KNF | xStation, xStation mobile app | Readers who want a broker with publicly disclosed multi-jurisdiction regulation, Users who value transparent fee pages and entity-level lega | Read review |
 Capital.com | 73.5 | CySEC, Securities Commission of The Bahamas | Proprietary web platform, Mobile app, TradingView | Readers who want a broker with clear public legal-entity and regulator disclosures, Users looking for a proprietary web/mobile platform plus | Read review |
 Colmex Pro | 70 | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (South Africa) | Colmex Pro 2.0, MT4, Web Trader | Readers who want a CySEC-listed broker with publicly verifiable entity details, Traders comparing U.S. equities-focused platforms and MT4 av | Read review |
 CMC Markets | 69.5 | FCA | Next Generation, MT4, MT5 | Traders who want a well-documented broker with clear public legal disclosures, Users who value proprietary platform depth alongside MT4/MT5 | Read review |
 Interactive Brokers | 68 | SEC, FINRA | IBKR Desktop, IBKR Mobile, Trader Workstation (TWS) | Experienced traders who want a broad platform lineup, Users who value detailed public disclosures, Clients who want multiple funding and acc | Read review |
Alternatives are sorted by the TopOnlineForexBrokers comparison score as of July 2, 2026. The score is not a safety guarantee.
Overview
ETX Capital operated for many years before rebranding as OvalX. The current maintenance page confirms the service has ceased, mentions liquidation proceedings, and directs former clients to related compensation and recovery details. Thus, this review functions mainly as an archive for past customers, not a current broker comparison based on active terms.
Why this page is different
Unlike typical broker reviews that focus on spreads, account types, or promotions, this page examines the final status of the ETX Capital brand. It explains what that means for former clients and highlights key documents or registers needed to verify balances, permissions, or alternative trading options.
What former clients should check first
If you had an account with ETX Capital or OvalX, confirm the exact legal entity shown on your statements, transfer notices, or liquidation letters. Then determine whether your funds were transferred, remain recoverable, or are subject to compensation schemes. Don’t trust old marketing materials or archived screenshots to access accounts now.
Fees, platforms, and funding notes
Since ETX Capital no longer operates as a retail broker, any public historical info about fees, platforms or deposits is purely archival. The crucial question now is not what the broker once offered, but whether your account was migrated, closed, or entered a recovery process.
Country availability caveat
The maintenance notice excludes residents of the US, Belgium, Canada, Singapore, and Switzerland. This reflects legacy website restrictions, not a current statement on availability. Always refer to up-to-date legal notices and regulator registers rather than old country-blocking language.
Common questions
Is ETX Capital still operating?
According to the OvalX maintenance site, services have ended and Monecor (London) Limited, formerly ETX Capital, is in members’ voluntary liquidation. Treat ETX Capital as a legacy brand, not an active retail broker.
Is ETX Capital safe?
Safety for active brokers depends on regulation, client money protection, and ongoing operations. Here, the brand is closed and in recovery, so former clients need to review liquidation notices and any compensation or transfer communications.
What happened to ETX Capital clients?
The maintenance site indicates some clients were invited to move accounts to Capital.com, while residual balances for certain accounts were sent to the Court Funds Office in late 2024. Former clients should confirm which applies to their situation before acting.
Did ETX Capital have FCA regulation?
The maintenance notice confirms Monecor (London) Limited was authorised and regulated by the FCA, with the register number displayed. This is historical data and does not imply the firm is currently active.
Can I still open a new ETX Capital account?
No public information supports new account openings under ETX Capital now. Notices point to discontinued services and recovery procedures instead.
What should I compare instead of ETX Capital?
Look at brokers currently operating with clear authorisation, transparent legal details, up-to-date fees, platform options, and funding policies. Use official regulator registers and live terms—not archived snapshots—to compare.
Check the details yourself
These are the pages we relied on. Read them before you open an account or send money anywhere.