ETX Capital

Monecor (London) Limited trading as ETX Capital
Industry Financial Services
Founded London, UK (2002 (2002))
Headquarters London, UK
Key people
 John Wilson (Executive Chairman)
Andrew Edwards (CEO)
Marcus Scarlett (Finance Director)
Services Online trading, CFDs and Spread Betting
Number of employees
 80+
Website www.etxcapital.com

ETX Capital is a UK based financial company that provides institutional, high-net-worth and retail customers with multi-asset market derivatives trading through financial spread betting and contract for difference (CFDs) products. ETX Capital is the trading name of Monecor (London) Limited.

ETX Capital provides online trading in spread betting, CFDs and foreign exchange (forex).

History

The company was originally incorporated in 1965 as Monecor Ltd, and became a member of the London Stock Exchange. In 2002 Monecor (London) Limited launched a retail derivatives arm called TradIndex. In 2007, the group was acquired by a joint venture between the UK-based JRJ Group and the Netherlands-based BXR Group, whereupon TradIndex was relaunched with a new name – ETX Capital. ETX is an acronym for the services the company offers; Electronic Trading, Telephone Trading and Execution Services.[1][2] Through those mediums the firm offers clients the ability to trade Forex, Indices, Equities and Commodities.

Between 2010 and 2015 ETX Capital expanded to a number of different international markets;[3]

2010 – ETX Capital launches ETX Deutschland, a German language version of the website and trading platforms.

2011 – The firm extends its operations to France, South Africa and Portugal.

2012 – ETX launched a MetaTrader 4 trading platform (ETX MT4). ETX expands into Greece, Spain and Italy. The company’s long-standing TraderPro platform is adapted to make it fully customizable.

2013 – ETX Denmark, ETX Romania and ETX China come online.[4] The company launches its affiliates program.[5]

2014 – Two new platforms are launched in March – ETX Trader and a binary option service ETX Binary. Russian, Arabic, Turkish, Polish, Czech, Slovenian and Hungarian versions of the website become available. ETX acquires Dublin-based Shelbourne markets, making the new ETX Ireland the largest Spread Betting/CFD provider in the country. ETX also takes its platform technology in-house by purchasing its technology partner, Ariel.[6]

Operations

Dealing platforms

In November 2010, ETX Capital made a heavy investment into their new trading platform optimizing various elements.[7] It also provides trading through the Metatrader 4 platform.[8]

Regulation

ETX Capital is the trading name of Monecor (London) Limited and are authorised and regulated in the UK by the Financial Services Authority; registration number 124721.[9]FCA Register

References

  1. ↑ "ETX Capital Review". spread-betting.com. Retrieved June 22, 2013.
  2. ↑ About ETX Capital
  3. ↑ "ETX Capital Review". www.independentinvestor.com. Independent Investor. Retrieved 12 October 2015.
  4. ↑ "ETX Capital Ventures Further Into Europe – Opens Three New Offices". www.forexmagnates.com. Retrieved 12 October 2015.
  5. ↑ "ETX Capital Launches Affiliate Programme with Income Access". Incomeaccess.com. Retrieved 12 October 2015.
  6. ↑ "Breaking: ETX Capital Focuses on Technology by Acquiring Ariel Communications". Finance Magnates. Retrieved 12 October 2015.
  7. ↑ ETX Capital Online Trading Platform Archived April 20, 2010, at the Wayback Machine.
  8. ↑ "ETX Capital Review".
  9. ↑ Terms And Conditions
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