Abstract：ETX Capital is a trading brand of Monecor (London) Limited, company registration number 00851820. As a member firm of the London Stock Exchange, Monecor (London) Limited is regulated by the Financial Conduct Authority (Financial Services Registration Number. 124721).
|Registered Country/Region||United Kingdom|
|Minimum Spreads||0.7 pips for the EUR/USD pair|
|Trading Platform||MT4 trading platform|
|Trading Assets||Forex, indices, stocks, CFDs, commodities|
|Payment Methods||Bank Wire transfer, internet wire transfer, VISA/MasterCard and UnionPay, Skrill, NETELLER|
|Customer Support||Phone, Email|
General Information & Regulation
EXT Capital have completed a re-branding exercise and it is called “ Oval X”. Oval X is a trading brand of Monecor (London) Limited, company registration number 00851820. As a member firm of the London Stock Exchange, Monecor (London) Limited is regulated by the Financial Conduct Authority (Financial Services Registration Number. 124721).
Oval X offers investors a wide range of tradeable financial instruments, mainly Forex, indices, stocks, CFDs, commodities, etc.
Oval X provides two account types in line with trading platforms it offes, the Trader Pro and the MT4 account. The minimum initial deposit to open an account required by ETX Capital is $100, which is relatively low for the industry, making the broker attractive to those new beginners with limited initial capital.
Oval X offers traders 7 currency pairs with leverage up to 1:200, indices with leverage of 1:20, stocks with leverage of 1:5, gold with leverage of 1:20, silver, copper, and platinum with leverage of 1:10.
Spreads & Commissions
The minimum spread for EURUSD is 0.7 pips, for EURJPY 0.9 pips, for GBPUSD 0.9 pips, for UK indices 1 pip, for Wall Street indices 1 pip, for gold 0.4 pips, for silver 0.03 pips, for copper 0.4 pips, for platinum 2.0 pips, for crude oil 0.03 for crude oil and 0.02 for natural gas. Commissions are 0.1% per deal for the UK and European stock trades, 2 cents per share for US major and minor stock trades, and 0.2% per deal for Australian stock trades.
Oval X offers two types of trading platforms. There is the MetaTrader 4 and the own developed ETX Trader Pro. Both software is available for any device. Traders can use their computer, smartphone, or tablet. There is not so much difference between the MetaTrader 4 and the ETF Trader Pro. Both software come with multiple chart types, technical indicators, and customizable tools.
Deposit & Withdrawal
Oval X supports deposits via bank wire transfer, internet wire transfer, VISA/MasterCard and UnionPay, Skrill e-wallet, NETELLER e-wallet without commission, and ETX Capital offers its clients 5 withdrawals per month (calendar month) for amounts over $100 without commission. However, as ETX Capital has to pay a fee to the bank for the execution of the withdrawal request, a fee of $25 per withdrawal will be charged to clients who make more than 5 withdrawals - but not for the first five withdrawals.
Oval X regularly publish insightful webinars, blogs, news, and analysis to help you better understand the market and refine your investment strategies.
If potential clients or existing clients encounter some problems during their trading process, they can reach out to this Oval X through the following contact channels:
Telephone: +44 (0)207 392 1434, +44 (0)207 392 1400
Customer service open Monday to Friday: 7:30 am to 9 am UK time, trading
Or you can also follow this broker on some social media platfroms, such as Facebook, Twitter, Youtube, Linkedin and Telegram.
Pros & Cons
|MT4 trading platform available||Withdrawal fees applied after 5 withdarwals|
|High leverage up to 1:200|
|Multiple payment methods|
|Two types of trading accounts|
|Additional educational resources|
Frequently Asked Questions
What is the minimum account deposit？
The minimum deposit for a new account is £250, card deposit minimums is £100 and no minimum for bank transfers.
Can I deposit cash into my account？
Oval X does not accept cash deposits due to AML regulations.
What is the maximum trading leverage offered by Oval X？
The maximum trading leverage offered by ETX Capital is up to 1:200.
What trading platform does Oval X provide ？
Oval X provides MT4 and a proprietary platform.
What spreads can I expect from Oval X？
You can expect spread on the EUR/USD pair from 0.7 pips.