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OvalX Demo Account

OvalX Demo account

 

OvalX Demo Account offers a free demo trading account for beginner traders to train on. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. OvalX Demo Account practices forex trading in a 100% risk-free environment.

 

OvalX at a Glance

 

📅 Year Founded2001
📍 Head Office
London, United Kingdom
⚖️ Financial Regulatory Bodies
FCA, ESMA
📈 Managed accounts
No
📊 Institutional accounts
Yes
☪️ Islamic AccountNo
💰 Minimum Deposit
$100/R1470
👍 Demo Trading Account available
Yes
🌐 Countries not accepted for tradeBelgium, Singapore, Canada, United States
💰 Withdrawal options
Bank Transfer, Visa Debit/Credit Card, MasterCard Debit/Credit Card, Skrill, Neteller, Sofort, GiroPay, China Union Pay.
📒 Deposit options Bank Transfer, Visa Debit/Credit Card, MasterCard Debit/Credit Card, Skrill, Neteller, Sofort, GiroPay, China Union Pay.
💻Platform(s) providedMetaTrader 4, ETX TraderPro
🖥️ OS compatibility
Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad.
📈 Tradable assets


Currencies: (55+)

Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum

CFD: (15+) Gold, Silver, Other Precious Metals, Stocks, Bonds, Oil, Other Commodities
📓 Languages supported on the websiteEnglish
📓  Customer support languagesEnglish
☎️ Customer service hours24/7
Maximum Leverage1:200
👉 Open a account👉 Click Here

 

Overall Rating

4.5/5

Rated #288 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CSEC

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

79

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

OvalX Demo Account – 7 Key Point Quick Overview

 

 

Yes, OvalX Demo Account offers a free demo trading account for beginner traders to train on. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. OvalX Demo Account practices forex trading in a 100% risk-free environment.

 

Finding a reputable list of OvalX demo accounts locally or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

 

Below is an in-depth Demo Account review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to using this broker’s platform and trading interface.

 

How to set up a OvalX Demo Account – Step by Step

Opening a demo account with OvalX will consist of the following steps:

 

 

🔴Step 1 – Create an Account

Click on the option to open an account at the top left of the broker’s website

This will redirect you to the registration portal. From here you can choose to open a demo account

 

How to set up a OvalX Demo Account – Step by Step step 1

 

🔴Step 2 – Add personal info

Select the platform option for which you would like to open a demo account. You can choose between MetaTrader 4 and ETX TraderPro

Complete the short demo sign-up form.

Submit your registration to launch your demo account

 

How to set up a OvalX Demo Account – Step by Step step 2

 

A demo account is often referred to as a practice account due to it providing traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.

Beginner traders can use demo accounts to familiarise themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and developing their own trading strategies.

Demo accounts are not merely intended only for beginners, but it provides more advanced traders with the opportunity to explore what OvalX has to offer.

 

Overall Rating

4.5/5

Rated #288 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CSEC

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

79

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

OvalX  Demo Account Features

 

OvalX  Demo Account Features

 

OvalX’s demo account mimics a live trading account. Traders have access to the same functions, features, and options that they normally would on a live trading account.

The only exception is that the demo account is risk-free as traders make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.

 

OvalX Pros and Cons

 

✔️ PROS❌ CONS
Regulated by FCAConfusing website navigation
Demo Account availableOnly One Trading Account
Advanced tools available for tradersNo Islamic Account option provided
Competitive spreads offered

 

Conclusion

 

OvalX Demo Account offers a free demo trading account for beginner traders to train on. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. OvalX Demo Account practices forex trading in a 100% risk-free environment.

 

You might also like: OvalX Review

You might also like: OvalX Minimum Deposit

You might also like: OvalX Sign-up Bonus

You might also like: OvalX Fees and Spreads

You might also like: OvalX Account types

 

Frequently Asked Questions

What is the difference between a demo and a live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

 

Does OvalX offer a demo account?

Yes.

 

For how long is the demo account valid?

This is not clear from the information on the company homepage.

 

Which live trading accounts does OvalX offer?

OvalX does not offer different account types, and all traders are offered CFD trading accounts.

 

Does OvalX offer an Islamic Account

No.

 

What are the available deposit currencies for a live trading account?

USD and GBP.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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