LONDON, November 26, 2014 /PRNewswire/ --
ETX Capital is excited to announce the latest stage in the implementation of its long-term growth strategy, with the launch of ETX in the Czech Republic, Hungary and Poland.
2014 has been a year of continued growth for the company, with ETX's recent acquisition of the customer base of Dublin-based Shelbourne Markets, making ETX Capital Ireland the second largest spread betting and CFD provider in the country. The firm also recently announced the purchase of its technology partner Ariel, meaning that ETX has joined the select group of trading companies owning their own platform technology.
The growth so far this year, the absorption of Shelbourne, the acquisition of Ariel and the start of Czech, Hungarian and Polish operations - is all part of a larger international expansion strategy. 2010 saw the firm extend its operations to Germany, followed by France, South Africa and Portugal in 2011. In 2012 ETX broke into further new territories, expanding into Denmark, Greece, Italy and Spain, followed by ETX Romania and ETX China in 2013.
However, 2014 has seen ETX Capital's largest expansion to date, with Russian, Arabic, Turkish and Slovakian versions of the ETX website now also available. A dedicated Middle East desk is in the pipeline for the coming year and the company is continuing to actively look at further prospective markets in both the East and West.
Andrew Edwards, CEO of ETX Capital commented, "In the past year we've seen an 82% growth rate in international funded accounts, and over 50% of ETX Capital's revenue is now generated outside the UK. ETX Capital's growth has brought tangible, profitable results and we have every expectation that this will continue."
Notes to editors:
ETX Capital, a regulated global financial services firm, provides retail, institutional and high net worth customers with multi-asset and multi-market trading capability through a number of products, including financial spread betting products, leveraged Forex trading and CFD trading. The firm uses cutting edge technology and delivers unrivalled levels of customer support from knowledgeable staff and with the utmost client confidentiality.
Risk Warning: Leveraged products are not appropriate for everyone. It is possible for you to lose your account balance. Do not trade with funds you cannot afford to lose and seek advice if you do not understand the risks.
SOURCE ETX Capital