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 | 
- Full listing profile: OvalX broker profile
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.
https://s3.eu-west-2.amazonaws.com/cdn.dev.ovalx.com/fca_en_customer_terms_and_conditions_october_2021_aeb129fba1.pdf
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