OvalX Journal

Journal status: live
OvalX joined in | not yet
OvalX Profile
Website
Year
1965
Country
UK
Branches
1
Regulation
FCA UK
Registration
FCA UK, FSCA South Africa
Investor protection
Fund protection
UK Financial Services Compensation Scheme (FSCS)
Publicly traded
no
Restricted in
Not serving
х Belgium, Canada, Singapore, Switzerland, US
Broker type
MM
Dealing book
B-book
Tier
3
Execution speed
0 ms
LPs total
0
LPs quality
Tier-1 Banks, Other
LPs names
not disclosed

OvalX Accounts
MM
Minimum Deposit
100 $
Leverage
30 : 1
Minimum Lot
0.1 lots
EURUSD spread
0.6 pips
Commission
0 $/lotRT
Volume
Unlimited
Margin Call
50 %
Stop Out
50 %
Execution
Market
Spread
floating
Scalping
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, China UnionPay, Klarna, Giropay
Base currency
USD, EUR, GBP
Segregated accounts
yes
Interest on margin
no
Inactivity fee
none
Update broker

Is OvalX safe?

  • Investor protection: UK Financial Services Compensation Scheme (FSCS)
  • Regulation: FCA UK
  • Registration: FCA UK, FSCA South Africa
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: yes
  • Negative Balance Protection: yes

Is OvalX trusted?

  • Information transparency: sufficient ★★★
  • Customer service: prompt, helpful ★★★★★
  • OvalX website: uninformative, updated ★★
  • OvalX popularity (by visitor count): average ★★★

How OvalX works



4.1 We are the counterparty to all Trades executed using the Services. All Trades are on a principal-to-principal basis,i.e. directly between you and us, and we will inform you in accordance with clause 24 (Communications and Notices) of this Agreement if we deal with you in any other capacity, i.e., if we are dealing with you as agent or acting on your behalf generally or with respect to any Trade or class of Trades...

The Bid Offer Spread and the prices are determined solely by us at our complete discretion.

9.23 Prices quoted by us are derived by reference to the price of the Underlying Market which is quoted by an Exchange, a liquidity provider or other third-party market maker that we have selected at our discretion. The prices quoted by us may be different than the price of an Underlying Market as quoted by other parties.

9.24 Prices quoted are subject to confirmation by us.

9.17 If a Robotic Trading Tool is creating high volumes of Trades, pending Orders or Order amendments that we believe is impacting on the performance of our servers and systems then we may, in our sole discretion, disable the Robotic Trading Tool function of your Trading Account.



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