When looking for a new forex broker, you should be aware of some of the features that make a good trading platform. Among these are competitive spreads and an attractive price for active traders. You should also check out the free educational material provided by the broker. It is particularly useful if you are a new trader. Besides, this broker accepts traders from all around the world.
OvalX is regulated by the Financial Conduct Authority
OvalX is regulated by the Financial conduct authority on the exchange. This authority is responsible for the regulation of Cyprus Stock Exchange and registered companies and brokers. It also monitors collective investment funds and companies operating mutual funds. Its regulatory framework includes protection from negative balances.
OvalX is licensed by the FCA to conduct business in the United Kingdom. It offers an exchange-based trading platform. It is regulated by the Financial Conduct Authority, which ensures that it follows strict regulations. It also provides a free demo account.
OvalX is owned by a joint venture between Monecor Limited and JRJ Group. In 2007, Monecor Limited was acquired by JRJ Group. It later changed its trading name to limefx. The company acquired Oval Money and OvalX. This is the current trading name. Before trading on OvalX, you must accept the risk warning.
Deposits are free with OvalX. However, withdrawals below PS100 are subject to a PS10 fee. Traders should also check the spreads as OvalX offers low spreads for most FX pairs. However, spreads for some bigger indices and commodities are average to high. Its inactivity fee is high.
OvalX’s customer support is available by phone and email. It also has a live chat option for users. If you have any questions, you can contact their customer service team between Sunday 9 p.m., GMT+1, and Friday 10 p.m., GMT+1.
OvalX offers contracts-for-difference (CFDs) that let you trade without owning the underlying asset. This means that you don’t have to own the underlying asset, and you can trade it as a spread bet. In addition to spread betting, you can also trade forward contracts on forex pairs.
OvalX offers a number of educational resources on its website. Their blog features articles on popular topics that reflect market trends. These topics range from the global economy to the cryptocurrency market. Traders can learn about trading strategies and risk management from these articles. They can also use the OvalX Learn series.
Those with limited capital can sign up for a demo account for free. Beginners will likely find this a convenient option as the minimum deposit is PS100. However, if you’re more experienced, it’s likely better to sign up for a professional account.
OvalX offers a free demo account
OvalX is a regulated exchange that offers a wide variety of trade types and a variety of deposit methods. While the company does not offer AMEX, it does accept most major credit and debit cards and wire transfers. Other payment methods include UnionPay and several forms of e-payment. When you deposit money, OvalX requires that you provide your full name, address, and proof of identity. Moreover, you must verify your residency and ID before you can withdraw money. You can upload your driver’s license, national ID, or utility bills for ID verification.
You can also use a free demo account at OvalX to practice your trading strategies before moving up to real-time trading. This is a great way for beginners to familiarise themselves with the live trading environment. Demo accounts can also be used by advanced traders to explore their trading strategies. The demo account provides an accurate representation of a real-time trading account, and the trading is risk-free. Demo accounts use virtual funds, so you cannot withdraw any profits you make.
While most other exchanges require a small initial deposit, OvalX offers a free demo account to get you started. Demo accounts are the best way to learn the ropes before making real-money trades. It is not uncommon for new traders to feel overwhelmed when they see fees in their trading history. In addition to this, OvalX has a low-cost, commission-free stock CFD trading option.
OvalX also offers a full professional client service. Following regulatory changes made by ESMA, Oval X is fast becoming the ‘go-to’ broker for professional clients. Its trading platform, referred to as TraderPro, features a variety of advanced features that make it easier to trade professionally. For example, the trading platform allows you to view multiple charts at the same time.
The demo account that OvalX offers is a fantastic way to learn the ins and outs of CFD trading before investing real money. The demo account comes with 500,000 GBP in virtual funds. This account is an excellent way to learn about the trading platform and explore broker offers. The demo account will also allow you to test trading strategies.
It offers a competitive spread
OvalX is a broker that is established under the strict rules of the FCA. The agency is the strongest regulator in the industry and ensures that all brokers are reliable. They perform daily security checks and keep client funds in investment-grade UK banks. They also participate in several schemes designed to protect traders in the event of insolvency. The company accepts traders from all over the world and provides a wide range of products.
Trading on OvalX is highly competitive. A minimum spread of 0.6 pips is available for most popular currency pairs. In addition, the minimum spread for CFDs and stocks is only 0.08 pips. Minimum equity spreads are also very competitive. Indices and commodities are also available at one pip.
As an EU-regulated broker, OvalX is also covered by FSCS and other top financial regulators. This makes trading with OvalX safe and secure and protects traders’ funds. Traders from the UK can also apply for compensation through the Investor Compensation Fund or the Financial Services Compensation Scheme.
OvalX also offers a large variety of deposit and withdrawal options. The exchange supports many major credit cards and debit cards, as well as popular e-wallets. The exchange also offers a range of educational tools, including webinars and special blogs. In addition to a competitive spread on the exchange, OvalX also offers a wide range of commission-free stock CFDs.
OvalX requires a $100 minimum deposit to open an account. Deposits are made via credit or debit cards, and withdrawals are processed within two business days. OvalX also requires a minimum of 100 base currency units as a deposit. This deposit is significantly lower than most other brokers’ requirements of 250 USD or equivalent. Premium account holders are required to deposit at least 10 000 USD.
The company behind OvalX is a global CFD and FX brokerage. They are a subsidiary of Monecor (London) Ltd., a financial services company founded in 1965. The company also operates under the supervision of the Cyprus Securities and Exchange Commission. As such, they have a strong customer support team and have expanded their offerings to meet the needs of global traders.
It offers deposit and withdrawal options
OvalX on the exchange offers a number of different deposit and withdrawal methods. The minimum deposit required to open an account is PS100. The withdrawal process takes up to seven business days. You can also make a wire transfer or use a credit/debit card to make a withdrawal. Before you can withdraw your money, you must choose a base currency. In addition, you must input your personal information such as your address, country of residence, and answer questions about your financial knowledge. The OvalX website also requires that you upload a photo ID.
OvalX offers more than 5,000 instruments and is operated by CMC Markets, a legitimate online broker. The company is based in the UK and is regulated by the Financial Conduct Authority, which regulates UK traders. In addition, it is also licensed by four financial organizations, including the European Union’s Markets in Financial Instruments Directive.
The company’s customer support team provides satisfactory answers to your questions. The representatives also explain the charges and commissions in the company’s Legal Docs. One thing to note is that OvalX does not accept traders in the United States, Canada, Singapore, or Belgium. The company’s customer support seems to be responsive, but the options to contact them are limited.
OvalX also offers many popular deposit and withdrawal options, including wire transfers, credit/debit cards, and several forms of e-payment. The minimum deposit amount is PS100 or the equivalent currency. The withdrawal limit is set at five withdrawals over USD 100 per month.
OvalX offers deposit and withdrawal options to its traders. They are free of charge for deposits, but there is a PS10 fee for withdrawals. The inactivity fee for the OvalX account is relatively high, which means that the inactivity fee will make withdrawals more expensive.
The OvalX brokerage offers personal services to its clients. Their proprietary platform allows users to analyze the market using advanced technical indicators. In addition to its proprietary trading platform, OvalX also offers a range of educational materials. They are regulated by the UK Financial Conduct Authority.
