First FSCS Payment for ex-Alpari Customers Successfully Received by ETX Last Month

LONDON, June 3, 2015 /PRNewswire/ --

ETX Capital is pleased to announce that the first Financial Services Compensation Scheme payments were received successfully last month, with all of the relevant clients able to access their funds instantly.

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"We are delighted that we have been able to help the first tranche of traders successfully access their funds" said Andrew Edwards, CEO of ETX Capital. "Although we have offered to provide client access to their $ payment in any currency at competitive rates we have seen very few withdrawals, with many clients happily trading on our platforms."

The company has offered any customer who has opted in to redirect their funds via ETX up to 30% of their expected balance as an advance until their funds arrive.

Although the first FSCS payment has been made, many of those waiting for their funds didn't make the cut off and will be in the next payment tranche, expected to be in the next few weeks.

"ETX Capital has been one of the payment options on the joint special administrators portal pages and we have been inundated with traders looking to take us up on our offer to convert funds cheaply as well as significant spread rebates on their first months' trading," said Edwards. "We feel that we have a lot to offer ex-Alpari clients, and the enthusiastic response that we've received suggests that many former Alpari clients feel the same way."

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.