ETX Capital no longer exists as a spread betting brand. It was renamed OvalX, and the business wound down after 8 February 2023, the date the firm that took on its clients announced the agreement. Its own web address no longer serves a broker site. Checked on 22 Sep 2026, there is no ETX Capital account to open, no demo to try and no pricing to compare.
Our spread bet content is supported by broker partners, who pay us on a retainer basis rather than per referral.
The Brand’s Three Names, And The Last One Closed
The brand ran under three names over its life: TradIndex, ETX Capital and OvalX. That chain comes from Capital.com’s announcement of its agreement to onboard clients, and the FCA register confirms it independently: one firm’s name table, carrying TradIndex.com from 2004, ETX Capital from 2008 and OvalX from 2022.
How You Can Check This Yourself
Type the old web address into a browser and you are redirected, permanently, to the announcement that clients were being offered a move. Both the plain domain and the www version do it. We re-checked both on 22 Sep 2026.
The announcement itself is dated 8 February 2023. That is the date of the announcement rather than the date the business stopped. The release says transfers would happen in the weeks that followed and gives no closure date.
ETX Capital On The FCA Register
Monecor (London) Limited, FRN 124721, on the FCA Financial Services Register: status No longer authorised, status date 25 Apr 2025. Captured 3 Sep 2026. Source: the firm’s register entry, Financial Conduct Authority.
The permissions panel is not in the capture, so this page makes no claim about which regulated activities the authorisation covers. Our regulation guide sets out how to look a broker up on the FCA register.
What This Means If You Were A Client
At the point of the announcement, clients were offered the chance to move their accounts to Capital.com. The wording is worth reading closely: the release says some of its existing retail and professional clients, not all of them.
The one thing we can be useful about is what a UK client is entitled to when a firm winds down. Our guide to FCA regulation of spread betting covers client money segregation, the Financial Services Compensation Scheme and the Financial Ombudsman Service, which are the three protections that decide how a closure plays out.
The company behind both names was Monecor (London) Limited, and the FCA register recorded it as such. The entry, read on 22 Sep 2026, carries ETX, ETX Capital and ETX Group as trading names from 2008 to 2022 and Oval, Oval Money and OvalX from 2022. Companies House records that the company was dissolved on 9 May 2026, after a members' voluntary liquidation that began on 6 September 2023.
And the part no announcement could report: the FCA register lists ETX Capital and OvalX as trading names of one firm, Monecor (London) Limited, firm reference number 124721, which the register has shown as no longer authorised since 25 April 2025.
What Other Review Sites Say About ETX Capital
These are ETX Capital’s ratings on the platforms below, each read on the date shown and stated in that platform’s own scale.
ETX Capital rated on each third-party platform, with the rating scale, the volume of ratings and the date we read it.
ETX Capital’s Trustpilot profile, captured 1 Nov 2026. We re-read these ratings every month, so the figure in the table is the one the platform displayed on that capture date.
Where To Spread Bet Instead Of ETX Capital
These are the three highest-scoring accounts in our ranking that you can open today, in score order. The order is the ranking’s own and does not change from page to page. Our scores are set on the criteria we publish and are never influenced by what a broker pays us. The list below is therefore the same list you will find on our spread betting platforms we rank.
65% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Your capital is at risk. This page is not financial or tax advice.
How We Picked Those Three
They are the top three of the fourteen accounts in our ranking, in score order, with nothing else applied. Every one is authorised by the FCA and taking UK clients today, which is the filter this page exists to apply.
Each card states what that broker publishes about its spreads for spread betting, read from its own UK site: some publish an average, and some publish only a minimum "from" figure. We rank the FCA-regulated spread betting brokers that still offer the product against each other, and the OvalX page covers this brand under the name it closed with.
Between 60.7% and 76.6% of retail investor accounts lose money when trading spread bets and CFDs with the providers we compare.
Spread betting is leveraged and losses can exceed the amount you set out to risk on a bet. This page is not financial or tax advice.
ETX Capital Spread Betting FAQs
Can I Still Open An ETX Capital Spread Betting Account?
No. The brand was renamed OvalX and the business wound down, and the web address no longer serves a broker site at all. Typing it into a browser sends you to the press release announcing that clients were being offered a move elsewhere. There is no application form, no demo account and no pricing page behind that name.
Is ETX Capital The Same Company As OvalX?
Yes, under a later name. Capital.com’s announcement describes the brand as one that started as TradIndex, became ETX Capital and then OvalX. Our page on OvalX covers the same story from the other end, for readers searching under that name.
What Happened To Money Held In An ETX Capital Or OvalX Account?
Clients were offered the chance to move their accounts to Capital.com, and the announcement says some rather than all.
Where Can I Find ETX Capital Spreads, Fees Or Its Demo Account?
Nowhere, because the products no longer exist. Any site still publishing an ETX Capital spread or fee table is publishing figures for an account that cannot be opened. Our reviews of the accounts you can open list the spread each firm currently publishes, read each month from its own pricing page.
Justin Grossbard co-founded Spread-Bet.co.uk with Noam Korbl in 2024, and co-founded the broker comparison network CompareForexBrokers with him in 2014. He has written for Kiplinger, Entrepreneur, Finance Magnates and MoneyShow since 2022, with articles on forex and trading at MoneyShow, Finance Magnates and Kiplinger.
Updated . Updated on 29 Oct 2026: The three accounts this ETX Capital page suggests instead, and the scores beside them, are again those of the 26 Aug 2026 scoring sheet, after the August 2026 tests of order execution, the apps and customer service were withdrawn because they could not be verified against account records.
