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OvalX Sign Up Bonus

OvalX Sign-up bonus Review

 

OvalX sign-up bonus is not offered for first-time sign-ups or beginner traders. OvalX does not offer bonuses, rewards, promotions, or competition traders.

 

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 Sign up bonus – 7 key points quick overview:

 

 

No, an OvalX sign-up bonus is not offered for first-time sign-ups or beginner traders.

 

Finding a reputable list about OvalX Sign-up Bonus local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

 

Below is an in-depth Sign-up-Bonus review regarding this regulated Forex company, which will assist traders to make an informed decision.

 

According to the company website and other sources OvalX previously offered a no deposit bonus of $20 to all new clients who registered a TraderPro or MT4 account during a specific period.

 

The conditions for cashing out the bonus included trading 10 standard lots within 60 calendar days and the bonus was limited to one per person.

 

Traders who register a real account with OvalX are not consistently offered either a sign-up bonus, a deposit bonus, or a welcome bonus.

 

Brokers often offer such a broker bonus to new traders to draw in more customers in addition to encouraging trading activities. Offering a deposit or welcome bonus is the best way in which to assure traders that they will receive some money back depending on the initial deposit made.

 

Various brokers also offer no deposit bonuses to traders in the same effort to draw in more customers and bonuses like this may aid not only the broker in acquiring new clients but also traders who have strict budgetary restrictions.

 

Although OvalX does not offer bonuses, rewards, promotions, or competitions traders should not be discouraged by this from registering for a real account as bonuses may still be in the planning and development phases to be announced at a later stage.

 

OvalX Referral Bonus

 

OvalX Referral Bonus

 

OvalX does not currently offer referral bonuses to new or existing traders who make use of the products and services offered by OvalX.

 

Referral bonuses are offered by brokers to traders to draw in new clients and expand their customer base.

 

Often these types of bonuses have strict criteria that will have to be fulfilled before the trader can benefit from referring a friend or family member.

 

Such a referral bonus is not available when using a demo account.

 

The referral may be required to execute a certain number of trades on the new account before the trader becomes eligible to receive the referral bonus.

 

Referral bonuses may also have a limited time in which they can be utilized by traders, in each month that brokers see a decrease in activity and attempt to counter it by providing such bonuses.

 

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 Additional Bonuses, Promotions, and Rewards

 

OvalX does not currently cater to trading bonuses and there are no current initiatives to reward loyal customers.

 

Trading bonuses serve the purpose of encouraging traders to increase their trading activity in addition to trading higher volumes to gain access to bonuses that offer some cashback.

 

OvalX Pros and Cons

 

✔️PROS❌CONS
Comprehensive and competitive trading conditions despite lack of bonuses and rewardsWelcome bonus, deposit bonus, no deposit bonus, and no other broker bonuses offered with a sign-up bonus
No referral bonus offered

 

Conclusion

 

OvalX sign-up bonus is not offered for first-time sign-ups or beginner traders. OvalX does not offer bonuses, rewards, promotions, or competition traders.

 

You might also like: OvalX Review

You might also like: OvalX Minimum Deposit

You might also like: OvalX Demo Account

You might also like: OvalX Fees and Spreads

You might also like: OvalX Account Types

 

Frequently Asked Questions

 

Does OvalX offer a sign-up bonus?

No. OvalX does not offer a sign-up bonus. To find out more, click here.

 

Can a bonus benefit my trading?

Depending on the bonus and the conditions attached, it may boost funds available in your account for trading.

 

What is a bonus?

A bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker.

Once an account has been opened with a Forex broker, clients will have access to trading of currency pairs, and will therefore have to incur some expense for this trading. The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader.

 

Do all Forex brokers offer bonuses?

No, some Forex brokers choose not to feature bonuses as part of their offering or else are restricted from offering bonuses by their regulators.

The most recent regulatory agencies to restrict the offering of bonuses include the Financial Conduct Authority (FCA), Cypress Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (CySEC).

 

Why do some agencies regulate against the offering of bonuses?

Regulatory agencies such as CySEC and the FCA restrict the offering of bonuses to protect investors from the risks of overtrading.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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