ETX Capital

ETX Capital is a forex and CFD broker registered in Saint Vincent and the Grenadines, with an official domain of etxcapitalhncs.com. According to our records, the entity was founded on 15 January 2024, making it a relatively new operation. The broker lists three regulators on file: the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CYSEC), and the Cayman Islands Monetary Authority (CIMA).

However, we note that the official domain and the Saint Vincent registration do not match the well-known historical ETX Capital brand, which was a UK-based broker founded in 1965 and regulated by the FCA under the trading name of Monecor (London) Limited. The entity we are profiling here appears to be a separate, newer operation using a similar name, registered in an offshore jurisdiction with light oversight. This distinction is important for traders to understand.

Our records show that ETX Capital holds three licences, though the status of each is listed as '—' (not specified). The FCA licence is for Market Making (MM) with licence number 186171, covering the United Kingdom. The CYSEC licence is a Forex Execution License (STP) with number 259/14, covering Cyprus. The CIMA licence is a Derivatives Trading License (EP) with number 1442313, covering the Cayman Islands.

We cross-checked these licence numbers against the public registers where possible, but we cannot confirm their validity for this specific entity. The registration in Saint Vincent and the Grenadines is a known risk flag, as that jurisdiction offers minimal regulatory oversight. The fact that the licence statuses are not disclosed adds to the uncertainty. Traders should verify these licences directly with the respective regulators before engaging.

ETX Capital was founded on 15 January 2024, according to our records. The company reports zero employees, which is unusual for a broker claiming to offer trading services. Additionally, our records indicate that no clone or impersonator sites have been found, but also that there is no verifiable website or social-media presence beyond the official domain listed.

The lack of a verifiable online presence is a significant concern. A legitimate broker typically has a professional website, customer support channels, and some form of social media footprint. The absence of these elements, combined with the offshore registration, suggests that this entity may be operating with minimal transparency. Traders should exercise caution and conduct thorough due diligence.

Based on the known facts, ETX Capital is classified as a retail forex and CFD broker, as indicated by the licence types (Market Making, STP, and Derivatives Trading). However, we have no verified information about the specific trading platforms, account types, instruments, or funding methods offered. The official domain is not accessible in our records, and the web search results do not match this entity.

In the absence of concrete information, we cannot confirm the broker's product range. It is possible that the broker offers standard forex and CFD trading, but this is speculative. Traders should not assume any features without direct confirmation from the broker. The lack of disclosed information is itself a red flag.

FXCanary's Scam Risk Score for ETX Capital is 57 out of 100, indicating an elevated risk level. The risk flags include registration in Saint Vincent and the Grenadines, which is known for light regulatory oversight. Additionally, withdrawal complaints have been reported in approximately 200% of recent reviews, which is a serious concern. The broker also has no verifiable website or social-media presence, making it difficult for traders to assess legitimacy.

Given these risk factors, we advise extreme caution. The combination of an offshore registration, unresolved withdrawal complaints, and a lack of transparency suggests that this broker may not operate in the best interest of its clients. Traders should consider alternative, well-regulated brokers with a proven track record.

Given the elevated risk score and the lack of verifiable information, ETX Capital is not suitable for most retail traders. The broker may appeal to those who are willing to take on significant risk, but this is not advisable. The withdrawal complaints and regulatory concerns make it a poor choice for anyone seeking a reliable trading partner.

In FXCanary's assessment, this broker is best avoided unless the trader has conducted extensive due diligence and is fully aware of the risks. The lack of transparency alone is a deal-breaker for many. We recommend that traders focus on brokers that are properly regulated in reputable jurisdictions and have a clear, verifiable presence.