Is OvalX Still Operating in 2026? Broker Closure Explained

OvalX (formerly ETX Capital) was a regulated online broker offering trading in forex, CFDs, and more. A common question is, “Can we still trade with OvalX?” Let’s find out in this article.

OvalX reviews 2026

OvalX, formerly known as ETX Capital, was a UK-based online trading broker that offered access to financial markets including forex, indices, commodities, shares, and cryptocurrencies. They provided trading through popular platforms like MetaTrader 4 (MT4) and their own TraderPro platform, with a wide range of over 5,000 instruments.

OvalX was regulated by top-tier authorities, including the UK’s Financial Conduct Authority (FCA) and CySEC in Cyprus, which made it a trusted name for many traders.

However, despite being well-regulated and offering a wide range of services, OvalX officially closed in September 2023. The closure was due to ongoing financial losses and challenges in maintaining the business.

As a result, the company entered into voluntary liquidation, and all client funds were either transferred to Capital.com (for those who chose to migrate) or sent to the UK Court Funds Office (CFO) by 29 November 2024 for clients to claim back, though there’s a small fee for the claim.

Conclusion

OvalX was once a trusted and regulated broker known for its wide range of trading products and user-friendly platforms. However, due to financial difficulties, the company closed its operations and entered voluntary liquidation.

Former clients should be aware of scam emails and follow official steps to reclaim any remaining funds. The OvalX case serves as a reminder to choose brokers not only based on regulation but also on long-term financial stability.cess is straightforward and transparent. With no minimum deposit and a clear fee structure, Charles Stanley is a strong choice for investors looking to build and manage their portfolios independently.