OvalX is a new broker that offers a demo account. This account is a great way to test out the platform and learn the ropes of trading stocks. The website also offers a variety of educational resources, including a wealth of commentary on a variety of topics. Some of the most prominent topics OvalX comments on include the global economy, the cryptocurrency market, meme stocks, and more. These materials are mixed in with research content, and are not systematically organized.

Opening an account and login

OvalX offers a fully digital account setup, and the initial deposit requirement is just 100 units of the base currency. You will also need to provide some basic personal details, such as your country of residence and address, as well as answers to several financial knowledge questions. Lastly, you will need to upload a photo ID to confirm your identity. Once you’ve completed these steps, you can start trading.

OvalX is a member of the London Stock Exchange and offers a range of trading services. The company is regulated by the FCA and other top regulators. This means that traders can trade in peace and are safe from any fraudulent activity. The broker also does not charge dormant account fees or extra charges for deposits.

While OvalX doesn’t charge a commission for deposits, withdrawals under a hundred units of base currency are subject to a PS10 fee. Withdrawals over a hundred units of base currency are free of charge, but the broker may charge a fee if you withdraw more than five times in a month. The company’s spreads are competitive, and retail traders can take advantage of commission-free trading on the majority of FX pairs. However, CFD equities require a commission.

Does the broker offer a demo account?

OvalX is a regulated and reputable online broker with headquarters in the United Kingdom and Cyprus. They provide forex trading services to clients around the world. They are licensed by the Financial Conduct Authority and are an active member of the London Stock Exchange. They also offer several trading platforms, including MT4 and a custom trading platform.

If you’re new to trading and would like to test out different trading platforms, a demo account is the best way to learn the ropes without risking real money. You can practice trading forex in a completely risk-free environment using virtual funds instead of real money. A demo account is also a great way to discover what brokers and trading platforms work best for you.

OvalX offers a professional account that offers higher leverage and allows you to trade Forex, indices, and shares. You must first open a Standard Account with the company before you can upgrade to the Professional account. You’ll also need to have 10 significant trades in a quarter to qualify for a professional account. Once you have these requirements, you can start trading with OvalX.

Deposit and withdrawal

The deposit and withdrawal procedures at OvalX are simple and free of charge. OvalX accepts most major credit and debit cards and also works with e-wallets like Skrill and Neteller. Traders can also use bank transfers and GiroPay. A minimum deposit amount is ZAR 2080 (PS100).

The OvalX trading platform offers a variety of currency pairs and instruments for its clients. For example, the broker supports USD, EUR, and GBP as base currencies. Aside from these, it also offers CFDs on commodities, shares, and indices. In total, OvalX supports over 100 instruments. In comparison, some brokers support more than a thousand.

Deposit and withdrawal at OvalX broker has a zero-fee policy for retail traders. If a client wishes to withdraw less than PS100, the broker charges PS10. However, if a client makes 5 withdrawals within a month, there will be no charges. This fee covers the cost of processing.

Available countries

OvalX is a broker that serves traders in Europe. The broker is owned by Monecor (London) Ltd., and is regulated by the FCA and FSCA. It has three websites for different markets, depending on your region of the world. For example, if you live in the UK, you can use the OvalX website to trade forex.

OvalX does not charge its clients for depositing or withdrawing funds. However, there may be some third-party fees. If you withdraw more than PS100 in a single day, you may be charged a PS10 fee. OvalX offers a minimum deposit of 100 base currency units, which is lower than the minimum deposit for many other brokers. You will need a minimum of $100 USD to open a Premium Account, though.

OvalX offers a fully digital account setup for its clients. The registration process only takes 20 minutes and requires a minimum deposit of $100. To create an account, you’ll need to choose your base currency and input your name, address, and country of residence. You’ll also need to answer several questions about your financial knowledge and provide a photo ID.

Trading education

OvalX has several educational resources available on its website, including webinars, eBooks, platform guides, and eight Forex courses. Understanding the market and platforms are fundamental to trading, so it is important to have the right education and information at your fingertips. A broker should also offer research options that can help you understand market trends and conditions. This can help you trade better, and OvalX has a research section with detailed analysis of various commodities.

OvalX is registered with the Financial Conduct Authority (FCA), the strongest regulator in the industry. The broker adheres to strict procedures to protect clients’ money. Its funds are maintained in investment-grade rated UK banks, and it participates in schemes that cover traders in case of insolvency.

Another feature that makes Oval X a good choice for beginner traders is a free educational section. Clients can access this section to learn basic terminology and trends and can even learn about complex strategies from a range of experts. Many users have also grown fond of the webinars provided by the broker.

Customer service

Customer service at OvalX is not available 24 hours a day, seven days a week. The broker’s team is available to answer customer queries by email, and their response times are very fast. The team is also able to respond to customer queries in bite-sized emails that make it easier for customers to compare prices.

OvalX offers a number of payment methods, including bank transfers and credit cards. It also offers live chat and phone support. However, you will need to have a bank account with the same name as your OvalX account. If you do not live in the UK, or have an account in Belgium or Canada, you cannot use OvalX.

OvalX offers a variety of trading platforms, including spread betting, forex, and cryptocurrency. Each of these instruments has its own set of trading conditions, so it is important to choose a strategy that is appropriate for your individual circumstances. You can pay for your trades through various methods, including credit cards, bank transfers, and wire transfers.

Is there an mobile app? Android and iphone.

If you’re looking for a mobile app that makes trading easier, OvalX has what you’re looking for. It has a simple interface and intuitive navigation, and thousands of instruments to choose from. The app also includes customizable charts and price alerts. Traders can also use the app to learn about various trading strategies and tools, such as trading signals.

The main features of the OvalX broker mobile app include a trading dashboard and asset browsing screens, which you can view in blocks and rows. You can also create a watchlist and view your watchlist on either mobile or desktop. Though the design of the app isn’t particularly attractive, it works well for most users. The only downside is that there’s no live chat option. You’ll need to register for customer support if you’d like to contact customer service.

OvalX also offers a free demo account. This app is designed to help investors practice their trading strategies. The broker’s app also includes a user manual and tutorials that will walk you through the trading process. It’s also regulated by the FCA, so it is safe to use.

Pros and Cons

If you’re a day trader, you’re likely to be interested in the wide range of chart types that OvalX provides. In addition to a standard tick-by-tick chart, the platform also offers 17 timeframes and 11 drawing tools. This allows different types of traders to utilize different strategies and analyze minute price changes. In addition, the broker allows traders to use both position trading and market orders. The latter allows for instant entry and volume filling.

Another disadvantage of this broker is that it is not available to residents of certain countries. While the European entity of OvalX, Monecor (London) Ltd., is licensed to offer services in the EU, it is not focused on residents of the United States, Canada, Singapore, or Belgium.

Although OvalX is a global broker, it doesn’t have any offices in the US. It offers retail trading services in CFDs and Spread Betting. Trading in CFDs carries a high level of risk and can lead to a significant loss of money. Other drawbacks include a limited product range and high fees. OvalX also lacks fundamental data and ideas to help traders make better trading decisions.