We appreciate your visit to our website, however our services have now been discontinued. We extend our gratitude to all our customers for their custom throughout the years and wish you all the best for your future trading.

As part of our service closure, we partnered with Capital.com to allow our clients to continue trading on similar products with limited interruption. If you did not chose to migrate as part of the process, you can still open an account directly with Capital.com should you wish.

Monecor (London) Limited (recently trading as OvalX and formerly trading as ETX Capital) was placed into Member’s Voluntary Liquidation on 6 September 2023 and Stephen Cork and Mark Smith of Cork Gully LLP, 6 Snow Hill, London, EC1A 2AY (website address: https://corkgully.com/) have been appointed to act as joint liquidators.

Clients who still hold balances with Monecor (London) Limited or Oval Money Europe should see the attached liquidation FAQs for further information.

Stephen Cork and Mark Smith are licensed to act as insolvency practitioners in the United Kingdom by the Institute of Chartered Accountants in England and Wales and are bound by the Insolvency Code of Ethics. Partners and Directors act as insolvency practitioners without personal liability. Cork Gully LLP is a limited liability partnership registered in England and Wales with number OC357274 whose registered office is at 6 Snow Hill, London EC1A 2AY.

Liquidation Information

Liquidation FAQ’s

Monecor（伦敦）有限公司客户的常见问题

FCA Terms & agreements

FAQ’s

Complaints Procedure

Conflicts of Interest Policy

Cookie Policy

Customer Terms & Conditions

ESMA Changes Summary

Order Execution Policy

Pillar 3 Disclosure Report

Risk Warning Notice

Terms of Website Use

Treating Customers Fairly

CYSEC Terms & agreements

FAQs

Client Categorisation Policy

Complaint Handling Policy

Conflicts of Interest Policy

Cookies Policy

Customer Terms & Conditions

Disclosures and Market Discipline Report 2022

Disclosures and Market Discipline Report 2021

Investor Compensation Policy

Order Execution Policy

Payment Service Provider List

Risk Disclosure Notice

Summary of Pre-contractual Information

Treating Customers Fairly

FCA Clients:

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.60% of retail investor accounts lose money when spread betting or trading CFDs with OvalX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money.

Monecor (London) Ltd is authorised and regulated by the UK Financial Conduct Authority (FCA) with Financial Services register number 124721.

In the unlikely event of OvalX becoming insolvent, segregated client funds cannot be used for reimbursement to OvalX'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. If one of the banks OvalX uses to hold client money goes into liquidation then the losses would be shared by clients in proportion to the share of the money held with the failed bank. Funds lost this way may be compensated under the FSCS up to a limit of £85,000 per person.

CYSEC Clients:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation and Licensing: OvalX (previously ETX Capital) is a trade name used by Oval Money (Europe) Ltd, which is regulated by Cyprus Securities and Exchange Commission with license number 096/08 in accordance with the Markets in Financial Instruments Directive (MiFID II).

The information on this site is not directed at residents of the United States, Belgium, Canada, Singapore, and Switzerland, and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

The information on this site is not directed at residents of the European Union, United States, Belgium, Canada, Singapore, and Switzerland, and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Apple, iPad, iPhone and iPod touch, are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Google, the Google logo, Google Play logo and the Google interface are trademarks or registered trademarks of Google, Inc. Any other third-party trademarks (including logos and icons) referenced by OvalX remain the property of their respective owners. Unless specifically identified as such, OvalX's use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between OvalX and the owners of those trademarks. All references by OvalX to third party trademarks are intended to constitute nominative fair use under applicable trademark laws.

Trustpilot reviews may be left by clients of either OvalX London or OvalX Cyprus.