ETX Capital Journal (Broker rebranded)
| Journal status:  closed ETX Capital rebranded | 
ETX Capital Profile
Website
etxcapital.com (rebranded to ovalx.com)
Year
 1965
Country
 UK
Branches
 1
Regulation
 FCA UK
Registration
FCA UK, FSCA South Africa
Investor protection
Fund protection
 UK Financial Services Compensation Scheme (FSCS)
Publicly traded
 no
Restricted in
Not serving
 х Belgium, Canada, Singapore, Switzerland, US 
Broker type
 MM
Dealing book
 B-book 
Tier
 3
Execution speed
 0 ms
LPs total
 0 
LPs quality
 Tier-1 Banks, Other
LPs names
  not disclosed
ETX Capital Accounts
MM
   Minimum Deposit
100 $
   Leverage
30 : 1
   Minimum Lot
0.1 lots
   EURUSD spread
0.6 pips
   Commission
0 $/lotRT
   Volume
Unlimited
   Margin Call
50 %
   Stop Out
50 %
   Execution
Market
   Spread
 floating
   Scalping
 no
    Deposit & Fees
Deposit methods
 Bank Wire, Credit Card, Debit Card, Skrill, Neteller, China UnionPay, Klarna, Giropay
Base currency
 USD, EUR, GBP
Segregated accounts
 yes
Interest on margin
 no
Inactivity fee
none
| Update broker | 
- Full listing profile: ETX Capital broker profile
Is ETX Capital safe?
- Investor protection: UK Financial Services Compensation Scheme (FSCS)
- Regulation: FCA UK
- Registration: FCA UK, FSCA South Africa
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: yes
- Negative Balance Protection: yes
Is ETX Capital trusted?
- Information transparency: sufficient ★★★ 
- Customer service: prompt, helpful ★★★★★ 
- ETX Capital website: uninformative, updated ★★ 
- ETX Capital popularity (by visitor count): average ★★★ 
How ETX Capital works
In the unlikely event of ETX becoming insolvent, segregated client funds cannot be used for reimbursement to ETX Capital’s creditors. If we are unable to satisfy repayment claims, eligible claimants have the right to compensation by the Financial Services Compensation Scheme (FSCS), up to £85,000.
https://www.etxcapital.com/en/why-etx-capital
4.1 We  are  the  counterparty  to  all  Trades  executed using the  Services.  All  Trades  are  on  a  principal-to-principal basis, i.e. directly between you and us..
When you enter into a Trade with us you will be charged a mark-up or mark-down (the difference between the price at which we take a principal position and the Trade execution price with you.
9.19 We will enable the Expert Advisor function as a default for your Trading Account; however, we reserve the right, in our sole discretion, to ban or otherwise prohibit the use of any particular Expert Advisor or Script or to disable your account for all Expert Advisors and Scripts.
11.4 We reserve the right, in our sole discretion, to change your underlying liquidity feed to another provider in order to protect against abuse.
12.1 We offer a range of different Orders to open and close Trades. We do not act on your behalf but as a counterparty and we will take all reasonable steps to obtain, when executing, the best possible results for you.
2.2 We may, at our absolute discretion, accept or reject an Order from you.
12.5 If your Order is a Guaranteed Stop we guarantee that the price at which we fill your Order will be the same as the price you specified in the Guaranteed Stop.
When you enter into a Trade with us you will be charged a mark-up or mark-down (the difference between the price at which we take a principal position and the Trade execution price with you.
9.19 We will enable the Expert Advisor function as a default for your Trading Account; however, we reserve the right, in our sole discretion, to ban or otherwise prohibit the use of any particular Expert Advisor or Script or to disable your account for all Expert Advisors and Scripts.
11.4 We reserve the right, in our sole discretion, to change your underlying liquidity feed to another provider in order to protect against abuse.
12.1 We offer a range of different Orders to open and close Trades. We do not act on your behalf but as a counterparty and we will take all reasonable steps to obtain, when executing, the best possible results for you.
2.2 We may, at our absolute discretion, accept or reject an Order from you.
12.5 If your Order is a Guaranteed Stop we guarantee that the price at which we fill your Order will be the same as the price you specified in the Guaranteed Stop.
https://www.etxcapital.com/docs/default-source/legal/termsandconditions/etx-customer-terms-and-conditions_en_march2020.pdf
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