Oval Money: Exclusive: OvalX (formerly ETX Capital) Is Officially Shutting Down

<p>The Chief Executive of OvalX (formerly ETX Capital), Luca Merolla, called all the staff of the forex and contracts for differences (CFDs) broker on Wednesday, confirming that the company is shutting down; Finance Magnates learned industry sources. He further asked the employees not to reveal the news publicly.</p><p>OvalX Will Shutter on 17 March</p><p>A customer services executive of the broker also confirmed that the company would shutter services on 17 March.</p><p>"OvalX will be closed as of the 17th March 2023," the customer service executive confirmed to Finance Magnates' query. "We are offering for some of our clients to transfer their account to Capital.com."</p><p>The ongoing troubles in OvalX were already known to the public, as the company officially confirmed that it is <a href="https://www.financemagnates.com/forex/exclusive-london-fx-broker-capitalcom-buys-ovalxs-client-assets/" target="_blank" rel="follow">selling its client book to London-rival Capitall.com</a>. The broker also <a href="https://www.financemagnates.com/forex/exclusive-london-fx-broker-capitalcom-buys-ovalxs-client-assets/" target="_blank" rel="follow">laid off a significant portion of its staff</a> last month. </p> This article was written by Arnab Shome at www.financemagnates.com.