OvalX Review 2022

Please read ETX Capital Reviews below and share live trading experiences with this broker. ETX Capital trading products are Forex, Cryptocurrencies, Commodities, Precious Metals, Stocks, and Indices, ETFs, Bonds, no commission Stocks, and Spread Betting. Limited to one blog, all analysis material that ETX Capital has to offer is open to the public. The in-house research team posts frequent analyses of both past and future events as well as a daily round-up in written format. Traders should note that because ETX Capital is a multi-asset broker, most of the analysis relates to non-currency assets. ETX Capital offers a limited number of base currencies compared to other similar brokers.

As excellent researchers, we have spent several months studying several CFD platforms. When we made test research on ETX Capital, the following was what we discovered about the platform. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Please note that we may share your email with the company to verify your order. The asset classes that ETX Capital allows clients to trade are summarized below.

OvalX has a clear portfolio report, but there is no clear report on fees.You cannot see a detailed breakdown of how much you paid in commissions or swaps to the broker. Features are easy to find after just a few minutes of use, and the platform is highly fusion markets review customizable. We tested the debit card withdrawal and it took 2 business days. You can only deposit money from accounts that are in your name. A bank transfer can take several business days, while payment with a credit/debit card is instant.

ETX Capital has an analysis category on its website, but it only provides quality market commentary with a theme-based approach. There are no trading set-ups or recommendations available. The section makes for an informative read, but the overall value for traders remains minimal.

ETX Capital has different display styles that are accompanied by a broad range of trading tools that meets a trader’s requirement. It is possible to do your research and save the settings just as you want. No stress, it’s just a click on the chart button on the particular market. Right there, you can select the Charts window and click on the kind of selection and style you want. Trade more than 6,000 markets without commissions and professional platforms.

Trading is quite easy on the platform and you can open trade with only one click by the order window. Create your own strategies and templates which you can duplicate on other charts. Analyzing is not difficult with MetaTrader 4 because you got so many options to do it. Since the FCA regulates the ETX Capital, the Markets in Financial Directive permit the broker to function as a licensed entity in the whole of the European Union.

OvalX Account Types

You can trade a variety of financial instruments on OvalX. You may be unable to trade some of these instruments if you select the MT4 trading platform. Card deposits on OvalX are credited instantly and bank deposits are handled manually by the accounts department and may take up to 5 business days for your account to be credited. The minimum deposit on OvalX is £100 for card payments, while bank transfers have no minimum deposits. Deposits and withdrawals are free of charge, there are no commission fees for opening or closing trading positions and spreads start from around 0.6 pips for major pairs like EURUSD.

The CFD Broker prides itself on providing a little spread and quality customer support to help a trader master the trade and excel in it amidst the high competition. The ETX Capital website has a quality interface, provides lots of tools and charts for making trades easy. In addition, ETX Capital allows clients to make use of the version of MT4 for trading. In conclusion, OvalX has everything to prove the reliability and excellent reputation. Nevertheless the broker work with vast of institutional clients, the retail traders will find OvalX expanded approaches too.

When you click on a stock it also brings up the asset’s key market information, which you don’t get with platforms like MT4. According to us, ETX Capital’s platforms fail to offer quality information, and their entire research variety falls short of industry standards. Traders interested in a research-driven trading environment might look at other alternatives such as ABInvesting or InvestBy. The withdrawal process on ETX Capital may take up to two working days to complete. First, take a look at the step-by-step process for withdrawing funds.

However, a lack of research support is still a considerable disadvantage. ETX Capital provides excellent educational support to traders. There is a range of educational materials available, ranging from a demo account to webinars, which assist you in your learning.

There is not so much difference between the MetaTrader 4 and the ETF Trader Pro. Both software come with multiple chart types, technical indicators, and customizable tools. ETX Capital offers corporate brokerage and finance services as a member of the London Stock Exchange .

Other Trading Fees

As a result, the mobile trading platform at ETX Capital gets a slightly higher score than the web trading platform. When it comes to forex pairings, ETX Capital offers commission-free trading across all platforms. When comparing the spreads on the Trader Pro platform to those on MetaTrader, Trader Pro offers superior pricing. The MT4 account is for traders who prefer automated trading. They claim the User Interface is more technical than others but after investigating, we realized that it’s not just technical but downright confusing.

Check out the current account balance requirements at OvalX in our What is the minimum account balance at OvalX article. Is OvalX legit features all the key aspects you need to look at to see if a broker is safe and legit. Here’s our expert view after checking the OvalX trading app. We emailed OvalX four times, and we received relevant and helpful answers in every case.

Rebates– FX traders may be suited for a cash back rebate for every completed trade. Moreover, user reviews talk of pretty insignificant problems eightcap no deposit bonus with slippage. The story of the parent company started in 1965, while ETX Capital was founded in 2002 and is not broadly known in the industry.

To determine the types of payouts, you can expect you need to take a look at the spreads on offer. The fees on OvalX are moderate, and they do not charge dormant account fees. There are no extra charges for deposits and withdrawals too.

ETX Capital Overall Rating

Brokers like ETX Capital are third-party mediums people can use to access the products listed by such market makers. The trading account you register for determines which of the three available trading platforms you can use. This FCA and FSCA-regulated broker’s parent company has over 50 years of industry experience offering trading products and financial services. OvalX offers a lot of deposit and withdrawals options, all free of charge.

ETX Capital provides excellent customer service with prompt and precise responses. However, it is not accessible 24/7, which is a significant drawback. If you look at the market record of ETX Capital, then this broker is a perfect choice for both professional and new traders. In addition, in 2020, the broker was named ‘Best in Class’ in the Customer Service category. They can assist you with everything from login data and lost passwords to pip calculators and website downtime advice.

Is OvalX a good for beginners?

Founded in 1965, ETX Capital is one of the most trustworthy brokerages operational today. It maintains two subsidiaries, one with oversight from the UK FCA and another regulated by the CySEC. Its corporate owner, Monecor forex4you review Ltd, is also a member of the London Stock Exchange , and ETX Capital has a spotless regulatory track record. Split charting tools are excellent for advanced trading requirements and multi-chart trading strategies.

There is a Financial Service Compensation Scheme which safe the client’s money up to £85,000. ETX Capital is highly regulated by the FCA in the United Kingdom. This is one of the most famous regulations and licenses in the world. Through this regulation, we can recommend that the broker is safe to invest with. Toll-free number or a direct number to the new accounts office where hours are 8 a.m.

ETX Capital has good customer service that responds quickly and accurately. However, it is not available 24 hours a day, seven days a week. In addition, customer service is available in a variety of languages, including English and South African.

Had successful careers as traders and senior managers at top financial institutions. FXScouts has been the UK’s most trusted Forex broker review site since 2019. Our team has written 100+ broker reviews and we constantly test to maintain accuracy.

Trading ideas

The demo account is available on the MT4 trading platform. ETX Capital is a solid company that was launched into the CFD business fifty years ago . There’s a broad range of trade on ETX Capital, a top industry-leading forex trading platform with a healthy and competitive spread. The CFD Broker is known to provide a flexible trading encounter for customers and gives additional helpful materials like educational materials for clients. ETX Capital has become one of the better online brokers in the industry. The company offers personal, tailor-made support to all types of traders.

To meet the requirements, you need to meet two out of three criteria. The first is to have over €500k worth of assets which includes your house if you own it. The other two are that you must have relevant experience in financial services and have traded at least ten times in the last four quarters.

They ask us as the customers what do we want and they deliver! Their trader pro platform that I don’t use to be honest I work on MT4, their platform is excellent. Giving this company feedback isn’t a piece of paper that ends up in a metal storage box. OvalX’s spreads tariffs provided via access to the institutional greed of pricing, the OvalX trading fees are built into the spread. There are some quite good features on the platform, like watch lists broken down by what’s trending, meme stocks, and markets that are in the news.

And of course, you would be trading with constant customer support services that are available and respond by phone or email, or an international number for non-UK traders. OvalX also applied competitive proposal for withdrawal option, as supplies each trading account by five withdrawals over USD 100 within each month without a processing fee or withdrawal fee. Further on, in case you wish to withdraw more funds than it will incur a charge of 25$ per transaction. Even though online trading offering is active for the last 15 years, it now became one of the competitive trading solutions, and what is more important reliable solutions.

How to Register & Verify Your Account

In addition to full-list LSE fundraising ability, the company can facilitate debt restructuring, buyouts, acquisitions and growth capital financings. And global markets, and it can provide direct access to international initial public offerings and secondary placings. ETX Capital offers plenty of choice when it comes to trading options, including various platforms and a wide variety of tradable assets. The content on this website is provided for informational purposes only and isn’t intended to constitute professional financial advice.

Let other traders know if this service is worth checking or should be avoided. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. ETX Capital’s analysis materials are limited compared to other international brokers. Overall, the ETX MT4 Remastered is a great enhancement to the MT4 platform, but ETX Capital would do well to add more trading tools to its trading arsenal. While MT4 has great customizability, the platform feels outdated, and some of the features may be hard to find. In addition, only the basic orders are available, including Market, Limit, Stop, and Trailing Stop.

Anyway ETX Capital now has around 55,000 active trading clients globally and offers access to just over 3,500 markets through spread betting and CFDs. That’s not as broad as brokers such as IG or Saxo Markets, but it is perfectly good if you are trading the most liquid and popular assets, which is what most online traders do anyway. ETX Capital’s accounts were assessed to compare the costs to those of other forex brokers. The costs were evaluated based on the trading fees on one lot on the EUR/USD, including the spreads and commission. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.