Following our exclusive report from late January that trouble is brewing at FCA/CySEC licensed Retail FX and CFDs broker OvalX in that OvalX was preparing for mass layoffs and was actively pursuing a sale of most or all of its assets, FNG has learned that the end is indeed likely near for the company and its brand. FNG has learned that OvalX is finalizing the sale/transfer of most of its client base to rival broker Capital.com, now run by former IG Group CEO Peter Hetherington. In a town hall style meeting held recently with OvalX employees, OvalX CEO Luca Merolla informed employees that the company’s controlling ... (full story)