Ovalx Rated 3/5

Ovalx Guide - Read our In Depth 2023 Ovalx Review

This Ovalx review was written by industry experts with over 20 years of financial experience in Forex, CFDs, Spread Betting.
*This content does not apply to US users.

Benefits of Trading with Ovalx

Ovalx Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 100
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 Ovalx users and traders
๐Ÿ“† Founded 2002
๐ŸŒ HQ UK
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Financial Conduct Authority (FCA)
๐Ÿšซ Excluded Countries Ovalx is not available in the following countries : US, BE, CA, SG, BE

Open Ovalx's Website

Losses can exceed deposits


learn more Learn more about IC Markets.
Losses can exceed deposits

What is Ovalx?

Ovalx are a worldwide financial trading platform and broker. founded in 2002

Over 21 years later Ovalx now serves over 10,000 retail investors Forex trading, CFDs trading, and Spread Betting trading.

Ovalx are a global broker. Ovalx have a head office in UK.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this Ovalx review and assess how well the Ovalx platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like Ovalx. Choosing or shortlisting a trading platform like Ovalx can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like Ovalx.

As a result, selecting the right trading platform like Ovalx requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like Ovalx available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like Ovalx requires thorough due diligence and careful consideration. Some Ovalx trading features can be complex when trading on mobile or using the Ovalx online trading platform. Beginners and inexperienced traders must take the time to learn how to use the Ovalx trading tools properly. In our review of Ovalx we explain the pros and cons. What Ovalx offer, countries Ovalx are available in. Who Ovalx are regulated by and more.

Ovalx Review Screenshot

When it comes to online trading with brokers like Ovalx, carefully review Ovalx as your broker can make or break your success. Choosing the right broker is essential to ensure your Ovalx investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your Ovalx review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of Ovalx. You must also ensure the Ovalx broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, Ovalx needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with Ovalx into easily digestible information in this Ovalx review. We want to ensure you have all the knowledge necessary to use the Ovalx trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with Ovalx are the key to successful trading, so we've provided this detailed Ovalx review. So, take a seat, grab a cup of coffee, and dive in to learn about Ovalx and how it can benefit you or if Ovalx is not for you.

The fact that Ovalx has a Wikipedia page is a testament to its reputation and credibility in online trading. It's worth noting that Wikipedia content is highly moderated for accuracy, so having a page dedicated to Ovalx speaks to its legitimacy and significance.

Creating a Ovalx Wikipedia page is challenging, as it requires meeting strict criteria and providing accurate, verifiable information regarding Ovalx. Wikipedia must include reliable sources that support the Ovalx content on the page.

If you want to learn more about Ovalx and its history, its Wikipedia page is an excellent resource. You can find valuable information about the Ovalx founders, services, and industry reputation. Open the Ovalx Wikipedia page.

Online investing with Ovalx can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with Ovalx, evaluating the Ovalx platform is important. Evaluation includes researching the Ovalx management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with Ovalx. That's why it's essential to understand the Ovalx company policies and practices before making any investment decisions. By doing your due diligence and understanding Ovalx platform, you can make informed investment choices that align with your financial goals. So take the time to research Ovalx thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this Ovalx review you need to determine if Ovalx is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to Ovalx, so you can make a more informed decision and compare other brokers against Ovalx.

If you want to look at some Ovalx alternatives that might better fit your needs, we list and compare some of the best Ovalx alternatives further down this Ovalx review.

Don't be fooled by the misconception that online trading is easy with Ovalx. It can be challenging and requires significant research and understanding of the Ovalx trading tools and features. You must know what you are doing when trading with Ovalx. That's why we've compiled this detailed Ovalx review with some important information that will hopefully make you more informed when online trading with Ovalx.

Ovalx Review Table of Contents

Ovalx review
Ovalx is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about Ovalx. Ovalx is a multi asset platform with 100+ tradable Assets. Assets available on Ovalx include Forex, CFDs, Spread Betting.

Ovalx trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex, CFDs, Spread Betting are considered financial assets.

Features of Ovalx

Ovalx review
What you should know

Ovalx offer three ways to trade: Forex, CFDs, Spread Betting. The assets and products available to you on the Ovalx trading platform depends on the region of the world, you are in and the Ovalx entity you have an account.

With Ovalx you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with Ovalx platform.

Ovalx are able to accommodate various levels of traders whether you are experienced or a beginner.

Are Ovalx safe?

When considering Ovalx for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Ovalx, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2002, and in operation for 21 years Ovalx have a head office in UK.

Ovalx is regulated. This means Ovalx are supervised by and is checked for conduct by the Financial Conduct Authority (FCA) regulatory bodies.

Ovalx withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like Ovalx are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. Ovalx are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of Ovalx and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. Ovalx has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, Ovalx will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Ovalx, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If Ovalx violate any regulatory rules their regulated status could be stripped.

Losses can exceed deposits

Is my money safe with Ovalx?

All payments made to Ovalx by traders are securely held in a segregated bank account.

Ovalx uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should Ovalx use them?

Ovalx partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Ovalx clients' funds.

Ovalx clients can have greater confidence in their financial security when working with a Tier 1 bank because Ovalx are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in Ovalx deposited in a Tier 1 bank?

Depositing funds with Ovalx ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Ovalx were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that Ovalx is a secure and safe platform.

Please be aware that trading in financial assets with Ovalx carries a risk of loss. Ovalx trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex, CFDs, Spread Betting due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

Ovalx emphasizes this risk on its platform and provides clear risk warnings - Losses can exceed deposits. After answering some important questions about Ovalx, let's closely examine its features.

To better understand the Ovalx trading platform, you can create two separate accounts - one with real money and the other a Ovalx demo account. A Ovalx demo account provides a risk-free environment for experimenting with the Ovalx platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Ovalx trading decisions.

Open a demo account Visit Ovalx

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Ovalx as a Company Compare Against Other Brokers

Broker ovalx IC Markets Roboforex Pepperstone
Year Established 2002 2007 2009 2010
Head Office UK Australia Belize Australia
Regulation Financial Conduct Authority (FCA) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
Used By 10,000+ Ovalx users 180,000+ IC Markets users 1,000,000+ Roboforex users 400,000+ Pepperstone users
Negative balance protection No Yes No Yes
Guaranteed Stop Loss Yes No No No
Learn More Visit Ovalx Visit IC Markets Visit Roboforex Visit Pepperstone
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 74-89 % of retail investor accounts lose money when trading CFDs

Ovalx review
Ovalx Pros and Cons

What we like about Ovalx

  • Used by over 10,000 Ovalx users and traders
  • Established in 2002
  • Regulated by Financial Conduct Authority (FCA)
  • Min. deposit from $100

What we don't like about Ovalx

Ovalx review
Ovalx Regulation and Licensing in more detail

Ovalx is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of Ovalx going into insolvency. Ovalx compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Ovalx to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for Ovalx traders.

Ovalx is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like Ovalx you should be sure they're legitimate online agent.

Is Ovalx Global?

Yes, Ovalx is global as Ovalx is available in over 190 countries.

Ovalx is a global trading platform in the sense that it operates in 190 countries including nations in Africa, Oceania, and Europe. Major countries Ovalx covers include the UK, Germany, South Africa, Thailand, China and Australia. As per its Wikipedia page, Ovalx has a total of more than 10,000 users.

Ovalx review
Ovalx Awards

Ovalx have won numerious industry awards over the 21 years they have been operating as a financial broker. We have listed the most notable awards and mentions for Ovalx below.

  • Online Personal Wealth Awards Best Education 2018
  • Online Personal Wealth Awards Best Trading Platform 2018
  • ADVFN International Finance Awards Best Spread Betting Platform 2018
  • Uk Forex Awards Best Forex Educators 2017
  • Shares Awards Best Trading Education 2017

Ovalx review
Ovalx Fees Explained

  • Ovalx doesn't charge withdrawal fees.
  • Ovalx does charge a fee for inactive accounts.
  • Ovalx doesn't charge deposit fees.

Modern brokers like Ovalx provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Ovalx may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Ovalx trading profitability.

How Ovalx Fees Compare Against Other Brokers

Broker ovalx IC Markets Roboforex Pepperstone
Min Deposit 100 200 10 200
Withdrawal Fees No No Yes No
Inactivity Fees Yes No No No
Deposit Fees No Varies No No
CFD Commission Fees Yes Yes No Yes

Ovalx Minimum Deposit

Ovalx requires a minimum deposit of 100 GBP/USD/EUR when opening an Ovalx trading account.

A minimum deposit is the minimum amount of money required by Ovalx to open a new online brokerage account with them.

Don't be scared off by brokers like Ovalx charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like Ovalx, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Ovalx Withdrawal Fees

Ovalx doesn't charge withdrawal fees.

Ovalx Withdrawal rules may vary across different brokers when it comes to transferring funds from your Ovalx or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Ovalx may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Ovalx withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Ovalx. Researching and comparing Ovalx withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Ovalx funds frequently or dealing with large sums of money. Awareness of these Ovalx fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Ovalx funds.

For example, Ovalx allows you to withdraw your funds to Credit cards, Debit cards, Bank Transfer, Neteller, UnionPay, SOFORT, Giropay, Payoneer.

Ovalx Inactivity Fees

Ovalx does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Ovalx terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Ovalx fees and services. It's recommended that you check the Ovalx website before signing up. If you decide to close your Ovalx account, it's important to do so with the Ovalx broker customer support and obtain confirmation that no remaining Ovalx fees are due.

Brokers like Ovalx must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Ovalx Deposit Fees

Ovalx does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Ovalx Commission Fees

Ovalx does charge commission on CFD instruments.

Brokerage firms like Ovalx may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Ovalx trading account level held by the trader.

Ovalx may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Ovalx terms and conditions to understand the commission fees and any other charges that may apply is essential.

Ovalx review
What can you trade with Ovalx?

It's essential to note that the trading instruments offered under the Ovalx brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Ovalx trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with Ovalx over 100 instruments in fact.

If you want to trade currency pairs on global Forex markets, Ovalx offer over 60 currency pairs.

Compare Ovalx with IC Markets and Roboforex below.

Losses can exceed deposits

How Ovalx Trading Options Compare Against Other Brokers

Broker ovalx IC Markets Roboforex Pepperstone
Instruments Available 100 2250 100 1200
Platforms MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 60 61 35 70
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes No Yes
Commodity CFDs        
Commodities Offered 16 20 21 16
Metals Yes Yes Yes Yes
Energies Yes Yes No Yes
Agricultural Yes Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 5000 2100 0 1100
UK Shares Yes Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Ovalx
Losses can exceed deposits
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit Pepperstone
74-89 % of retail investor accounts lose money when trading CFDs

Ovalx review
Trading on Ovalx web platforms and other applications

Ovalx offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

A Ovalx iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

Ovalx also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See Ovalx's platforms

Is the Ovalx Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Ovalx trading platform to protect you on PC and mobile Ovalx platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Ovalx web trading platforms.

Ovalx Trading Platform Options

After logging into your Ovalx account, you'll find a range of trading platform options available below.

  • MetaTrader 4 (MT4)

Please be aware that Ovalx does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

Ovalx does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options Ovalx gives you.

Ovalx review
Ovalx MetaTrader 4 (MT4)

Ovalx MetaTrader 4

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on Ovalx offers traders comprehensive features and tools to enhance their trading performance. The Ovalx MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the Ovalx platform to their needs. One of the standout features of MT4 is its charting functionality, which allows Ovalx traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give Ovalx traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 Ovalx trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the Ovalx MetaTrader 4 (MT4) trading platform. MT4 is a platform available with Ovalx, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The Ovalx MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. Ovalx allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with Ovalx in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. Ovalx MetaTrader 4 is compatible with the latest macOS. Ovalx allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on Ovalx

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade Ovalx MetaTrader 4 on iOS Devices

You can download the Ovalx app or trade with Ovalx through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. Ovalx customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade Ovalx MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and Ovalx offers its clients access to the MetaTrader 4 platform on these devices. With the Ovalx MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing Ovalx traders to stay on top of their trades and react quickly to changes in the market. With the Ovalx MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade Ovalx MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on Ovalx are a powerful bundle of three major indicators designed to help traders make informed decisions. Ovalx MT4 Trading Central indicators include:

  • Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
  • Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help Ovalx traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing Ovalx traders to potentially stay one step ahead.

Ovalx MetaTrader 4 Advanced Trading Tools

The Ovalx MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give Ovalx traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, Ovalx provides traders with everything they need to succeed. The Ovalx MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing Ovalx traders to analyze the market at any level of complexity.

Trade Ovalx MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

Ovalx MetaTrader 4 AutoChartist

Autochartist on the Ovalx platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for Ovalx MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, Ovalx traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save Ovalx users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. Ovalx traders can navigate the platform and find the information they need to make informed trading decisions.

Ovalx Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for Ovalx traders of all experience levels.

Ovalx Trading benefits

  • Ovalx Allows hedging
  • Ovalx Low min deposit
  • Ovalx Guaranteed stop loss

Ovalx Trading Accounts Offered

Below we give an overview of the account types that Ovalx offer. Whatever you are looking to trade, the varying Ovalx account types will be able to provide you with what you need.

  • Ovalx Demo account
  • Micro account
  • Ovalx Mini account
  • Ovalx Standard account

Can I try Ovalx?

Ovalx provides a demo account that enables individuals to explore trading before investing their funds. By creating a Ovalx practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Ovalx demo account can help individuals to make informed decisions before investing their money.

Open a demo Ovalx account to practice and trade.

Losses can exceed deposits

Ovalx withdrawal and funding methods

It's essential to remember that the payment methods provided by Ovalx vary based on the Ovalx entity and the Ovalx client's country of residence. To view the Ovalx payment options available, you can log into your Ovalx member's area.

Ovalx offers various funding payment methods listed in your Ovalx dashboard if available in your region. To learn more about the Ovalx funding and withdrawal options available in your area, you can explore the Ovalx website.

Ovalx provides several payment methods for funding your Ovalx account. You may utilize any of these deposit options if they are available in your region. Ovalx ensures that users have multiple payment methods to choose from, making it more convenient for verified Ovalx account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Ovalx user's location. learn more about Ovalx funding and withdrawal methods.

Ovalx Payment Methods

Some Ovalx payment methods are local and are available only to specific regions. Ovalx account holders should check which payment methods are provided in your region.
  • Ovalx accepts Credit cards
  • Ovalx accepts Debit cards
  • Ovalx accepts Bank Transfer
  • Ovalx accepts Neteller
  • Ovalx accepts UnionPay
  • Ovalx accepts SOFORT
  • Ovalx accepts Giropay
  • Ovalx accepts Payoneer
Broker ovalx IC Markets Roboforex Pepperstone
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer Yes No Yes No
Neteller Yes Yes Yes Yes

*please note available Ovalx and other broker payment methods depend on the clients country of residence.

How can I start trading with Ovalx?

To open a trading account with Ovalx, individuals can sign up on the Ovalx website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Ovalx account validation and making a deposit. Once completed, Ovalx users can download the trading platform of their choice.

It's important to note that Ovalx requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Ovalx maintain a trustworthy financial environment for its 10,000 users. Detailed information on the Ovalx trading platforms is available on their website.

Losses can exceed deposits

Performing trades with Ovalx

When using Ovalx, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. The maximum trade requirements on eToro can vary depending on the specific trader and instrument being traded.

Ovalx, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like Ovalx can be useful for traders starting or with limited capital.

Like other brokers, Ovalx margin requirements can differ depending on the traded instrument.

CFD Trading on Ovalx

We will show you an example of the basics of using Ovalx leverage.

CFD trading on Ovalx allows traders to speculate on the price movements of various financial instruments against the broker Ovalx, without actually owning real assets. With CFDs, Ovalx traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

Ovalx provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, Ovalx leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Ovalx trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Ovalx leverage magnifies both profits and losses in trading.

Trading CFD trades on the Ovalx platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced Ovalx traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Losses can exceed deposits

Limit Risk When Trading with Ovalx Stop Loss, Ovalx Stop Limit Orders

Stop-loss orders are a popular risk management tool traders use on platforms such as Ovalx . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for Ovalx traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an Ovalx trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide Ovalx traders with an effective way to manage risk and protect their investments in volatile markets.

Education Resources at Ovalx

To trade effectively with Ovalx, it's important to have a good understanding of the Ovalx trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Ovalx and externally.

Ovalx . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Ovalx. Familiarizing yourself with the Ovalx trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Ovalx. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Ovalx involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Ovalx, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Ovalx. Explore the Ovalx platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Ovalx, before live trading.

Customer Support at Ovalx

As part of our Ovalx review, we review customer service options, response times and problem resolution effectiveness on the Ovalx trading platform. The Ovalx trading platform supports multiple languages, which includes English, French, Spanish, German, Polish, Czech, Greek and Mandarin.

Ovalx have a double AA grade support rating because Ovalx offer live chat and email support in multiple languages.

Livechat Support at Ovalx

Ovalx does not offer LiveChat Support.

Email Support at Ovalx

Our experience with Ovalx email support was positive. We sent 25 emails at different times and received responses within an average of 2 hours. The fastest response was less than 15 minutes, while the slowest was 7 hours. Although response times may vary, we found their team to be helpful and knowledgeable in resolving our queries.

Phone Support at Ovalx

Our experience with Ovalx phone support was positive. The team answered the call in under 5 minutes and successfully resolved our queries over the phone. We appreciated their efforts in catering to multilingual support. Overall, a great phone support experience with Ovalx.

See how Ovalx Support Compares Against Other Brokers

Broker ovalx IC Markets Roboforex Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, French, Spanish, German, Polish, Czech, Greek and Mandarin English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic
Learn More Visit Ovalx Visit IC Markets Visit Roboforex Visit Pepperstone
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 74-89 % of retail investor accounts lose money when trading CFDs

What you will need to open an account with Ovalx

As Ovalx is regulated by Financial Conduct Authority (FCA).

As a new client of Ovalx, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Ovalx in your region. During the Ovalx account opening process, you will be asked to provide Ovalx with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Ovalx have the following documents available.

  • Ovalx require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for Ovalx compliance. This must be dated within the last six months.
  • If you plan to fund your Ovalx account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Ovalx platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Ovalx Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Ovalx's platform.

However, remember that you won't be able to make trades on Ovalx until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Ovalx KYC compliance process as soon as possible to avoid any delays in accessing the Ovalx platform's features.

It is important to note that Ovalx may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Ovalx platform and features immediately. However, you must pass the verification process to start live trading with Ovalx, which can take up to a few business days.

To start the process of opening an account with Ovalx you can visit the Ovalx trading platform here.
Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.ovalx.com on May 31, 2023.

Is Ovalx A Good Broker?

We have spent over 5 years examining Ovalx in depth. Although we found some very useful aspects of the Ovalx platform that would be useful to some traders. We feel that a alternative to Ovalx may better suit you.

  • Ovalx have a good track record of offering Forex, CFDs, Spread Betting.
  • Ovalx has a history of over 21 years.
  • Ovalx has a reasonable sized customer support of at least 10.
  • Ovalx are regulated by the Financial Conduct Authority (FCA). Ovalx is subject to strict regulatory oversight from its respective jurisdiction, which holds Ovalx (the broker) accountable for misconduct. This regulatory framework helps ensure that Ovalx operates fairly and transparently and provides Ovalx customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and Ovalx.
  • Ovalx have regulation from reputable regulators.
  • One of the advantages of using Ovalx is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from Ovalx are particularly important as Ovalx traders want to receive their money quickly. With the efficient Ovalx payment processing system, traders can enjoy faster access to their Ovalx funds.
  • Ovalx have an international presence in multiple countries. Including local Ovalx seminars and training.
  • Ovalx can hire people from various locations in the world who can better communicate in your local language.

Ovalx Risk Disclosure

Losses can exceed deposits

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

Ovalx not quite right?

If after reading this Ovalx review, Ovalx does not fulfill your needs check out these Ovalx Alternatives.

Click here to view the best Ovalx Alternatives

We have spent years researching the best alternatives to Ovalx. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective Ovalx alternatives available today. If you are unsatisfied with Ovalx or want to explore other options, we recommend checking out our carefully curated list of highly-rated Ovalx alternatives. Follow the links below to learn more about these Ovalx broker alternatives and choose the one that best suits your trading needs.

Related Ovalx Vs Comparisons

Throughout our comprehensive Ovalx review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing Ovalx against other popular brokers in the industry, check out our Ovalx Vs pages. Our team has compiled a series of detailed Ovalx comparison articles, pitting the Ovalx platform against some of the best-rated Ovalx competitors in the market. Dive into our informative Ovalx Vs pages below to find out how Ovalx stacks up against other leading brokers.

Ovalx review
OVALX Frequently Asked Questions

Read our detailed Ovalx FAQ Section updated for 2023.

Can I try Ovalx?

Ovalx offer a demo account so you can try the Ovalx platform with virtual trading before you put down a payment. Virtual trading with Ovalx is zero risk. Learn more here

What funding methods do Ovalx accept?

Please note that the list of payment methods below depends on the Ovalx Entity and the client's Country of Residence.

Ovalx offer the following funding payment methods Credit cards, Debit cards, Bank Transfer, Neteller, UnionPay, SOFORT, Giropay, Payoneer, among other payment methods.
Learn more here

Losses can exceed deposits

Is Ovalx safe?

Ovalx have over 10,000 users. Ovalx are considered reliable as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA). Any payments funded to Ovalx accounts by traders are held in a segregated bank account. For added security,Ovalx use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with Ovalx is risky, and because the market is so volatile, losses could happen at any time.

Losses can exceed deposits

Is Ovalx trading good?

Ovalx is considered good and reputable to trade with Ovalx. Ovalx is used by over 10,000 traders and Ovalx users. Ovalx offers Forex trading, CFDs trading, and Spread Betting trading. Minimum deposit with Ovalx is 100.

Is Ovalx trading Legit?

Ovalx was founded in UK in 2002. Ovalx has been facilitating trade on the financial markets for over 21 years. Ovalx offers clients Forex trading, CFDs trading, and Spread Betting trading. All funds deposited to Ovalx are held in segregated bank accounts for security. Ovalx is regulated by Financial Conduct Authority (FCA) so can be considered legit.

Is Ovalx a good broker?

Ovalx allows Forex trading, CFDs trading, and Spread Betting trading. Ovalx is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker.

Is Ovalx trustworthy broker?

Ovalx is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to Ovalx, money is in a segregated bank account that is separate from Ovalx company's funds. As a regulated broker, Ovalx cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by Ovalx. Instead, your Ovalx funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with Ovalx. Also Ovalx is regulated in its local jurisdictions including major financial regulators like Financial Conduct Authority (FCA).

What is the minimum deposit for Ovalx?

The minimum deposit to trade with Ovalx is 100.

How long do Ovalx withdrawals take?

Withdrawing money from Ovalx processing time varies depending on the method but averages 1-5 days.

Is Ovalx regulated?

Ovalx is regulated by the Financial Conduct Authority (FCA). Regulatory bodies conduct regular reviews and audits as part of Ovalx maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is Ovalx a market maker?

Ovalx is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by Ovalx even if no buyer or seller is lined up.

How can I start trading with Ovalx?

When opening a trading account with Ovalx, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on Ovalx trading platforms, you can follow the link provided below: Learn more about signing up with the Ovalx trading platform here. This will provide useful information and insights into the various trading platforms offered by Ovalx, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with Ovalx?

Yes your money is safe with Ovalx.

Overall, strict financial regulation is essential for ensuring that trading platforms like Ovalx operate fairly, transparently, and responsibly, which ultimately benefits all Ovalx stakeholders involved.

Trading platforms like Ovalx must have strict financial regulation for several reasons:

  • Protecting Ovalx Investors: Strict financial regulation ensures that investors who use the Ovalx trading platform are protected against fraudulent or unethical behavior by the Ovalx platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the Ovalx platform.
  • Maintaining Ovalx Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the Ovalx trading platform. Regulatory procedures reduce the likelihood of the Ovalx platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing Ovalx Transparency: Regulations require trading platforms like Ovalx to maintain detailed records and disclose Ovalx client information. Financial regulatory requirements enhances transparency and helps to build trust between the Ovalx platform and its investors.

Ovalx is regulated by the Financial Conduct Authority (FCA). When selecting a broker such as Ovalx, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Ovalx ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like Ovalx.

Is Ovalx a con?

Ovalx is regulated and well established, having been in business for over 21 years. Ovalx is not a con.

Can you make money with Ovalx?

Although traders have had great success with Ovalx, trading on the financial markets with Ovalx is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does Ovalx have fees?

Ovalx doesn't charge withdrawal fees. Ovalx does charge a fee for inactive accounts. Ovalx doesn't charge deposit fees.

When was Ovalx founded?

Ovalx was founded in 2002.

How many people use Ovalx?

Ovalx is used by over 10,000 registered Ovalx users.

What is Ovalx Headquarters country?

Ovalx has its head quarters office in UK .

Does Ovalx offer negative balance protection?

Ovalx does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does Ovalx offer guaranteed stop loss?

Ovalx offers guaranteed stop loss protection. With guaranteed stop loss protection, the risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Ovalx allow scalping?

Ovalx does not offer scalping.

Does Ovalx allow hedging?

Ovalx offers hedging.

Does Ovalx offer CFD trading?

Ovalx offers CFD trading.

Does Ovalx offer STP?

Ovalx does not offer STP trading.

How many people use Ovalx?

Ovalx is used by over 10000 Ovalx users and traders.

Is Ovalx an ECN broker?

Ovalx does not offer ECN trading.

Does Ovalx offer a demo account?

Ovalx offers a demo account.

Does Ovalx offer an Islamic account?

Ovalx does not offer Islamic accounts.

What are the funding methods for Ovalx?

Please note that funding methods and options available with Ovalx can be found in the Ovalx Members area and depend on the Ovalx clientโ€™s country of residence. Please check your specific available payment methods on the Ovalx website. Ovalx accept the following funding methods : Credit cards, Debit cards, Bank Transfer, Neteller, UnionPay, SOFORT, Giropay, Payoneer.

Ovalx review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Ovalx brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Ovalx review written by Mark Hansen of Comparebrokers.co