Oval X vs FXOpen

Oval X vs FXOpen Comparison Table 2023
Oval X FXOpen
WINNER
FXOpen is the better broker
1.8
Oval X carry an insolvency risk at present. There have been substantial cost-cutting measures and talks are ongoing regarding possible mergers or asset sales. While the company stresses "business as usual" we cannot advise funds are deposited with Oval X as things stand.
3.7
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Oval X are a London based, FCA regulated broker offering tight spreads across a wide range of markets. They offer professional client services for eligible pro clients, and free guaranteed stops on the TraderPro platform. Trade the most popular 250 share CFDs with zero commission.

FXOpen is a highly regulated FX and CFD broker offering multiple trading platforms and spreads from 0.0 pips.

Pros
  • Demo account
  • MT4 integration
  • Strong regulatory oversight
  • Multiple payment methods
  • Bonuses & trading contests
  • Full range of investments
  • Copy trading (global traders)
  • Low minimum deposit (global traders)
Cons
  • Inactivity fee
Awards
  • Best ECN Broker 2012 - Masterforex-V
  • Best Forex Broker in Australasia 2011 - World Finance Magazine
  • Best Islamic Forex Broker 2011 - IB Times Trading Awards
  • Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards
  • Best Trading Platform 2010 - Falcon Awards
Instruments
Stocks, Spreadbetting, CFD, Forex, Crypto Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares
Demo Account
Yes Yes
Minimum Deposit
£250 $1 Global, £300 UK
Payment Methods
Minimum Trade
£1 0.01 Lot
Regulator
FCA, CySec FCA, CySEC, ASIC
Margin Trading
No Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS and Android iOS & Android
Auto Trading
Yes (EAs)
Copy Trading
No Yes
Copy Trading Platform
FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade supported.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
No Yes
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • CHF
  • HKD
  • RUB
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on currency pairs, cryptocurrencies, indices, & commodities with tight spreads
Leverage
1:30 1:30 - 1:500 (varies by trading entity)
FTSE Spread
1 pt 0.8
GBPUSD Spread<
0.9 0.2
Oil Spread
0.06 pips 4.0
Stocks Spread
From 0.5% N/A
Forex Trading
Trade major, minor & emerging forex pairs with 1:30 leverage
GBPUSD Spread
0.9 0.2
EURUSD Spread
0.6 0.2
EURGBP Spread
0.9 0.2
Assets
65+ 50+
Cryptocurrency
Trade 5 Cryptocurrencies, and BTC against USD, GBP or EUR. Margin is tiered from 50% Trade on 40+ cryptocurrency coins with 1:2 leverage (Pro clients only in UK).
Spread
BTC Market Spread + 10, ETH Market spread + 8 Variable
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • BTC
  • BCH
  • ETH
  • LTC
  • ETC
  • EOS
  • DSH
  • XRP
  • IOT
  • XMR
  • NEO
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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