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OvalX Fees and Spreads

 

OvalX Fees and spreads Review

 

OvalX spreads start from 0.6 pips, more information on commissions is provided when opening an account. OvalX has no further hidden fees like deposit fees or withdrawal fees. ETC Capital also charges an inactive fee of £25 per 6 months.

 

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 Fees and spreads – 8 key points quick overview:

 

 

OvalX spreads start from 0.6 pips, more information on commissions is provided when opening an account. OvalX has no further hidden fees like deposit fees or withdrawal fees. ETC Capital also charges an inactive fee of £25 per 6 months.

 

Finding a reputable list about OvalX Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

 

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

OvalX Fees and Spreads

 

OvalX Fees and Spreads

 

OvalX’s spreads start from as low as 0.6 pips on EUR/USD.

 

📍 Fees, spreads, and commissions mentioned on the company spread list that traders can expect when trading with OvalX are as follows:

➡️ OvalX earns most of its revenues from spreads on currency pairs and commissions charged on CFDs. Spreads on currency pairs start from 0.6 pips with an average of 0.81 pips on the EUR/USD. CFD commissions for share trading are as low as 0.1%.

➡️ OvalX charges the inter-bank market rate plus 1.35% annualized swap rates on overnight positions.

➡️ An account inactivity fee of £25 or equivalent is charged after accounts showed no trading activity for six months.

 

OvalX Additional Trading Fees

 

OvalX Additional Trading Fees

 

When trading financial instruments such as forex, traders can expect that overnight fees or swap fees may be charged when positions are held for longer than a trading day. OvalX charges the inter-bank market rate plus 1.35% annualized swap rates on overnight positions.

 

The OvalX support team can also advise whether spread betting is allowed and what spread betting fees could apply.

 

OvalX Broker Fees

 

OvalX charges an account inactivity fee of £25 or equivalent after accounts showed no trading activity for six months.

 

Traders also need to ensure that they verify additional charges which may be waived by their financial institution. Also, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

 

There are no further hidden fees like deposit fees or withdrawal fees at OvalX.

 

OvalX Pros and Cons

 

✔️ PROS❌CONS
Regulated by FCA, CySEC, and ESMANo Islamic Account available for Muslim traders
Guaranteed stop lossOnly one account type available for all traders
Advanced tools available to traders
Competitive spreads offered to traders

 

Conclusion

 

Overall, OvalX spreads start from 0.6 pips, and more information on commissions is provided when opening an account. OvalX has no further hidden fees like deposit fees or withdrawal fees. ETC Capital also charges an inactive fee of £25 per 6 months.

 

You might also like: OvalX Review

You might also like: OvalX Sign Up Bonus

You might also like: OvalX Demo Account

You might also likeOvalX Minimum Deposit

You might also like: OvalX Account Types 

 

Frequently Asked Questions

How many instruments can I trade with OvalX?

You can trade several different instruments with OvalX, which include the following:

  • More than 55 Currencies
  • Cryptocurrencies including Bitcoin, Litecoin, Ethereum
  • More than CFDs including Gold, Silver, Other Precious Metals, Stocks, Bonds, Oil, and Other Commodities

 

Which platforms are supported by OvalX?

OvalX provides the following popular trading platforms:

  • ETX TraderPro.
  • MT4

 

Does OvalX offer leverage?

Yes, OvalX offers maximum leverage of up to 1: 200.

 

What spreads can I expect with OvalX?

With OvalX traders can expect spreads from as low as 0.6 pips.

 

Does OvalX charge commission?

More information on commissions may become available after opening an account or can be obtained from the customer support service.

 

Are there additional charges on the Islamic account?

Some brokers charge extra fees on Islamic accounts – either in wider spreads, additional commissions, or administration fees to make up for money that they lose by not charging overnight fees.

New Islamic traders should enquire about these special conditions or extra fees before joining, because it is often overlooked or not indicated on the account features pages.

 

Is OvalX regulated and by whom?

OvalX is regulated by the FCA and CySEC.

 

Is OvalX a recommended forex trading broker for experts and beginners?

OvalX offers the best trading environment for most types of traders.

 

What is the overall rating out of 10 for OvalX?

7/10.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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