ETX Capital

	Spread Competitive- ness	Degree of leverage available	Total markets covered	Min stakes £	Sign-up offers?	Demo account?	Mobile trading	24hour trading	Global clients accepted?	Apply?
www.etxcapital.co.uk	Average	Average		0.1	n/a

 

Why choose ETX Capital?

Key features

About the Company

 

Why choose ETX Capital?

If you’re looking to trade equities at a good price but at a lower size than anywhere else, then ETX is the place to be. It’s 10p stake is only matched by Finspreads, who are part of the CityIndex group – and their prices reflect that.

 

Key features

• ETX Capital has a free to use, integrated advanced charting package to assist you with your trading decisions
• The minimum bet size at ETX Capital is just 10p
• They have an iPhone App allowing you to trade while on the move
• ETX Capital offer a refer-a-friend scheme. Introduce a friend and you will be rewarded a free gift
• ETX Capital is a trading name of Monecor (London) Ltd. which is authorised & regulated by the Financial Services Authority and member firm of the London Stock Exchange
• Markets include: Shares, Indices, Forex, Commodities, Interest Rates, Options and Bonds. ETX Capital offer a broad range of global instruments all tradable from a single account and in a single currency

 

Spread competitiveness	Average
Leverage available	Average
Offers	n/a
Min stake	£0.1
Demo account	N
Mobile traing	Y
24 hours trading	Y

Note - Spreads & leverage mark based on overall market comparison

 

Key Spreads

Market	Spreads	Margin*
FTSE100 daily	1	1% (60)
Euribor	2	0.4% (40)
Brent crude oil	4	2% (240)
Gold	6	1.5% (50)
EUR/USD	2	0.75% (100)
UK 100 shares	0.08%	5%
UK 250 shares	0.1%	5%

 * ETX calculate their margin based on a percentage of the spread, rather than applying a margin factor to the stake. We have included an approximate equivalent margin factor to help compare their offering to other Spread betting providers.

Note - Spreads reflect trading hour spreads at the time of research. Spread betting company do vary their spreads significantly based on the timing of purchase, in particular for purchase outside of trading hours.

 

About the Company

(Extracts from the ETX published Report & Accounts)

ETX Capital provides institutional, high net worth and retail customers based in Europe and other geographies with multi asset and multi market derivate dealing capability through CFDs and spread betting products. The firm delivers; unrivalled levels of customer support from knowledgeable staff and with the utmost client confidentiality; innovative products to web and telephone clients; and highly competitive pricing.

ETX Capital is the trading name of Monecor (London) Limited, company number 00851820. Monecor (London) Ltd is authorised and regulated by the Financial Services Authority, registration number 124721, a member firm of the London Stock Exchange and was established in 1965.

Monecor (London) Limited, trading as ETX Capital, is a privately owned company. It enjoys the full support of its controlling shareholders who are the Principals of JRJ Group and one institutional investor. JRJ Group is a private equity investment firm, focused on the financial services sector - an industry in which its principals have long practical experience. The firm provides capital, operational expertise and strategic guidance to its portfolio companies and in doing so, fosters sustainable growth and creates real value for the benefit of their investors and partners, as well as the communities in which their investees operate. JRJ Group was founded by Jeremy Isaacs and Roger Nagioff.

 

Board of Directors

Executive Board

• John Wilson (Executive Chairman) has experience managing substantial capital markets businesses for leading firms in Europe and Asia; specifically with UBS, Lehman Brothers and the London Stock Exchange.
• Andrew Edwards (Chief Executive Officer) has worked in the CFD and Financial Spread Betting industry for over 13 years. In his early career, Andrew worked at Deutsche Bank and then Dresdner Bank, subsequently spending 5 years at City Index as a senior Trader and later as Head of US equities.
• Jeremy Menell (Finance Director)

Non-Executive Directors

• Robin Houldsworth has worked for 24 years in the city. He began his career at Tradition in 1987 where he progressed to a director in 1989 and held various executive positions within Compagnie Financier Tradition including president of Tradition New York and Tokyo.
• Peter Sugarman is a partner and chief operating officer of JRJ Group, as well as a non-executive director of Marex Financial, the leading independent commodities and financial futures brokerage.
• Joanna Nader is Chief Investment Officer and a partner at JRJ group. Prior to JRJ, Joanna was with Lehman Brothers from 2000 to 2008. She led Lehman Brothers' Equity research coverage of the European investment banks and European Specialty Financial sector.
• Ed Marlow is an English-qualified lawyer and a graduate in Law from Christ's College, Cambridge University. He was a partner for 18 years at Denton Wilde Sapte, a major international law firm based in the City, where his roles included head of the firm's Hong Kong banking practice and head of its PFI group.

 

Bankers and Brokers

Auditors: Deloitte LLP, Hill House, 1 Little New Street , London, EC4A 3TR