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Our top alternative brokers to OvalX
CMC Markets
4.5
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69% of retail CFD accounts lose money
HYCM
4.3
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67% of retail CFD accounts lose money
Our top alternative brokers to OvalX
CMC Markets
4.5
Visit broker
69% of retail CFD accounts lose money
HYCM
4.3
Visit broker
67% of retail CFD accounts lose money

The best alternatives to OvalX are

  1. CMC Markets - Global CFD broker
  2. HYCM - Global CFD and forex broker
  3. ATFX - Global CFD and forex broker
  4. City Index - Global CFD and forex broker

Let's see in a bit more detail how the OvalX alternatives compare to OvalX and each other:

OvalX alternatives comparison
OvalX CMC Markets HYCM ATFX City Index
Overall score 4.3 4.5 4.3 4.4 4.5
Fees score 3.5 stars 3.6 stars 4.2 stars 4.4 stars 3.7 stars
Account opening score 5.0 stars 4.2 stars 5.0 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 4.5 stars 4.8 stars 4.5 stars 4.5 stars 4.3 stars
Web platform score 4.0 stars 5.0 stars 2.8 stars 2.8 stars 4.3 stars
Markets and products score 2.2 stars 2.6 stars 2.3 stars 1.8 stars 2.4 stars
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69% of retail CFD accounts lose money
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67% of retail CFD accounts lose money
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62.96% of retail CFD accounts lose money
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73% of retail CFD accounts lose money

Why are these brokers considered good alternatives to OvalX? There are many areas based on which OvalX can be compared with others. When we say a given online broker is a good alternative to OvalX we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. Answer 4 simple questions and get a list of the most relevant brokers.

OvalX alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • OvalX is recommended for forex, spread and cfd traders looking for great funding and withdrawal options and an easy-to-use platform
  • CMC Markets is recommended for forex and cfd traders looking for an advanced trading platform with many research tools
  • HYCM is recommended for forex and cfd traders who prefer the metatrader platform
  • ATFX is recommended for forex and cfd traders familiar with the metatrader 4 trading platform
  • City Index is recommended for forex and cfd traders looking for low forex fees and great research tools

Important factors of finding OvalX alternatives

So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether OvalX or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. OvalX is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost OvalX alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At OvalX this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at OvalX, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given OvalX alternative is a must.


Now let's dive into the details of how OvalX and its alternatives perform in the most important areas!

OvalX alternatives
CMC Markets

CMC Markets is a global CFD and forex broker, founded in 1989. It is regulated by several authorities globally, including the top-tier UK Financial Conduct Authority (FCA). The company is also listed on the London Stock Exchange.

Having a long track record, being listed on a stock exchange and being regulated by top-tier authorities are great signs for CMC Markets' reliability.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for an advanced trading platform with many research tools

Pros Cons
Low forex fees High stock CFD fees
Great web and mobile platforms Only CFDs are available
Advanced research and educational tools Customer support only 24/5

Visit broker
69% of retail CFD accounts lose money

Fees
3.6

CMC Markets has competitive forex and stock index CFD fees, and no fee is charged for deposits and most withdrawals. However, stock CFD fees are high.
Pros Cons
Low forex fees High stock CFD fees
No withdrawal fee
OvalX vs. CMC Markets: Trading fees
CMC Markets OvalX
Apple benchmark fee $21.4 $5.3
Vodafone benchmark fee $27.1 $3.1
EURUSD benchmark fee $8.8 $13.9

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More
69% of retail CFD accounts lose money

Account opening
4.2

The account opening process is fully digital and there's no minimum deposit.
Pros Cons
Fully digital None
No minimum deposit
OvalX vs. CMC Markets: Minimum deposit, time to open an account
CMC Markets OvalX
Minimum deposit $0 $100
Time to open account 1-3 days 1 day

If you are interested more in CMC Markets minimum deposit, this overview will help you.

Visit broker More
69% of retail CFD accounts lose money

Deposit and withdrawal
4.8

You can use multiple deposit/withdrawal options and CFD account base currencies. Withdrawals are mostly free, except for same-day or international bank withdrawals.
Pros Cons
Credit/Debit card available £15 fee for international bank transfers
No deposit fee
Several account base currencies
OvalX vs. CMC Markets: Withdrawal options
CMC Markets OvalX
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
69% of retail CFD accounts lose money

Web trading platform
5.0

CMC's 'Next Generation' platform has a clean and modern design, is highly customizable, and boasts an advanced order panel. Two-step authentication is available for login.
Pros Cons
Two-step (safer) login None
Good customizability (for charts, workspace)
Modern design
Web trading platform of CMC Markets, a OvalX alternative
OvalX vs. CMC Markets: Trading platform scores
CMC Markets OvalX
Web platform score 5.0 stars 4.0 stars
Mobile platform score 5.0 stars 4.5 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about CMC Markets's web trading platform in the detailed CMC Markets review.

Visit broker
69% of retail CFD accounts lose money

Markets and products
2.6

CMC Markets offers an exceptionally wide selection of CFDs and forex pairs, but you can't trade other popular asset classes such as real stocks or ETFs (except for Australian clients).
OvalX vs. CMC Markets: Markets and products
CMC Markets OvalX
Stocks No No
ETFs No No
Forex Yes Yes
Funds No No
Bonds No No
Options No No
Futures No No
CFDs Yes Yes
Crypto Yes Yes

Visit broker More
69% of retail CFD accounts lose money

Verdict

CMC Markets is overseen by top-tier regulators and is one of the best CFD and forex brokers out there.

On the plus side, it has low forex fees, well-developed trading platforms, and terrific research and educational tools.

There are also a few drawbacks, though. Stock CFD fees are high, and the product selection covers only CFDs (forex, indices, commodities, shares, shares baskets, ETFs, rates, and bonds), meaning no real stocks or ETFs available (except for Australian clients).

Feel free to test CMC Markets's first-class trading platform, as it has great features and requires no minimum deposit to open an account.

CMC Markets
Summary CMC Markets is a UK-based global CFD and forex broker, regulated by multiple top-tier authorities including the UK FCA.
Fees score 3.6 stars
Recommended for Forex and CFD traders looking for an advanced trading platform with many research tools

Visit broker More
69% of retail CFD accounts lose money

OvalX alternatives
HYCM

HYCM or Henyep Markets is a global CFD and forex broker. HYCM's parent company, Henyep was established in 1977. The broker is regulated by several financial authorities globally, including the UK Financial Services Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

HYCM's UK operation is considered safe because it has a long track record and it is regulated by the top-tier FCA.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Note: This review has not been updated for more than a year, therefore some of the information contained may be outdated.

Recommended for forex and cfd traders who prefer the metatrader platform

Pros Cons
Low forex and CFD fees Only forex and CFD products
Great educational content Trading platforms have outdated design
User-friendly account opening Inactivity fee

Visit broker
67% of retail CFD accounts lose money

Fees
4.2

HYCM has low forex and CFD trading fees. It's also great that the broker charges no deposit and withdrawal fees in most cases. On the negative side, there is a quite high inactivity fee.
Pros Cons
Low forex fees Inactivity fee
Low CFD fees
OvalX vs. HYCM: Trading fees
HYCM OvalX
Apple benchmark fee $4.0 $5.3
Vodafone benchmark fee - $3.1
EURUSD benchmark fee $7.1 $13.9

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More
67% of retail CFD accounts lose money

Account opening
5.0

The account opening at HYCM is seamless and fully digital. Our account was verified within one business day. The minimum deposit is also low: $100 for Classic and Fixed accounts and $200 for Raw accounts.
Pros Cons
Fast None
Fully digital
Low minimum deposit
OvalX vs. HYCM: Minimum deposit, time to open an account
HYCM OvalX
Minimum deposit $100 $100
Time to open account 1 day 1 day

If you are interested more in HYCM minimum deposit, this overview will help you.

Visit broker More
67% of retail CFD accounts lose money

Deposit and withdrawal
4.5

HYCM offers free and fast deposit and withdrawal options, including traditional methods such as bank transfer and credit card funding as well as various e-wallets. On the other hand, the number of available account currencies lags behind some of HYCM's competitors.
Pros Cons
Credit/Debit card available Average account currency selection
Free withdrawal
No deposit fee
OvalX vs. HYCM: Withdrawal options
HYCM OvalX
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
67% of retail CFD accounts lose money

Web trading platform
2.8

HYCM's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages and has a clear fee report. On the other hand, the platform lacks a two-step login or price alerts and its design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Web trading platform of HYCM, a OvalX alternative
OvalX vs. HYCM: Trading platform scores
HYCM OvalX
Web platform score 2.8 stars 4.0 stars
Mobile platform score 3.8 stars 4.5 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about HYCM's web trading platform in the detailed HYCM review.

Visit broker
67% of retail CFD accounts lose money

Markets and products
2.3

At HYCM you can only trade with forex and other CFDs (commodities, stock indices, futures, and share CFDs). Popular asset classes, such as real stocks, bonds, mutual funds and options are missing.
OvalX vs. HYCM: Markets and products
HYCM OvalX
Stocks No No
ETFs No No
Forex Yes Yes
Funds No No
Bonds No No
Options No No
Futures No No
CFDs Yes Yes
Crypto Yes Yes

Visit broker More
67% of retail CFD accounts lose money

Verdict

HYCM is a forex and CFD broker regulated by several authorities globally, including the top-tier FCA.

On the plus side, HYCM has low forex and CFD fees. The education section, especially the webinars are more informative and enjoyable than what some other brokers offer. The account opening is seamless and there are a lot of free deposit & withdrawal options.

On the flip side, the product portfolio at HYCM is limited as the broker only offers forex and CFDs. In our view, the MetaTrader platforms that the broker uses have an outdated design. HYCM charges an inactivity fee: $10 per month after only 90 days of inactivity.

We recommend HYCM for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.

HYCM
Summary HYCM is a global forex and CFD broker regulated by many financial authorities globally, including the top-tier FCA.
Fees score 4.2 stars
Recommended for Forex and CFD traders who prefer the MetaTrader platform

Visit broker More
67% of retail CFD accounts lose money

OvalX alternatives
ATFX

ATFX has taken the decision to cease providing services to elective professional and retail clients with immediate effect. It is therefore unable to accept any applications. Services to per se professional clients (e.g. financial institutions) will not be impacted. As you cannot open an account at ATFX anymore try our broker finder tool to discover the broker most suitable to your needs or check the lists of the best CFD or forex brokers in 2021.

ATFX is the brand used by branches of global financial group AT Group that provide CFD/forex trading services. ATFX has four legal entities, each with different regulations and services. In this review, we tested the services of AT Global Markets (UK) Limited, which is regulated by the top-tier UK Financial Conduct Authority (FCA).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders familiar with the metatrader 4 trading platform

Pros Cons
Low forex fees Limited product portfolio
Fast and easy account opening Slow email support
Free deposit and withdrawal options No fundamental data

Visit broker
62.96% of retail CFD accounts lose money

Fees
4.4

ATFX has low forex fees, as well as no inactivity and withdrawal fees.
Pros Cons
Low forex fees None
No withdrawal fee
No inactivity fee
OvalX vs. ATFX: Trading fees
ATFX OvalX
Apple benchmark fee $6.8 $5.3
Vodafone benchmark fee - $3.1
EURUSD benchmark fee $7.3 $13.9

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More
62.96% of retail CFD accounts lose money

Account opening
5.0

ATFX has a user-friendly and fully digital account opening process, usually taking no more than a day. On the flip side, the minimum deposit is high for non-Standard accounts.
Pros Cons
Fast High minimum deposit for accounts other than 'Standard'
Fully digital
User-friendly
OvalX vs. ATFX: Minimum deposit, time to open an account
ATFX OvalX
Minimum deposit $500 $100
Time to open account 1 day 1 day

If you are interested more in ATFX minimum deposit, this overview will help you.

Visit broker More
62.96% of retail CFD accounts lose money

Deposit and withdrawal
4.5

ATFX offers free and fast deposit and withdrawal. Options for funding your account include bank transfer, credit/debit cards, and electronic wallets.
Pros Cons
Credit/Debit card available A limited number of available base currencies
Free withdrawal
No deposit fee
OvalX vs. ATFX: Withdrawal options
ATFX OvalX
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
62.96% of retail CFD accounts lose money

Web trading platform
2.8

The ATFX web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report, but it lacks a two-step login and price alerts, and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Web trading platform of ATFX, a OvalX alternative
OvalX vs. ATFX: Trading platform scores
ATFX OvalX
Web platform score 2.8 stars 4.0 stars
Mobile platform score 3.8 stars 4.5 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about ATFX's web trading platform in the detailed ATFX review.

Visit broker
62.96% of retail CFD accounts lose money

Markets and products
1.8

ATFX provides only forex, CFDs and cryptos. It lacks other popular asset classes such as real stocks, mutual funds or bonds.
OvalX vs. ATFX: Markets and products
ATFX OvalX
Stocks No No
ETFs No No
Forex Yes Yes
Funds No No
Bonds No No
Options No No
Futures No No
CFDs Yes Yes
Crypto Yes Yes

Visit broker More
62.96% of retail CFD accounts lose money

Verdict

ATFX is regulated by several financial authorities globally, including the top-tier FCA.

On the plus side, ATFX has low forex fees. The account opening process is easy, and multiple options are offered for deposit and withdrawal, all free of charge.

ATFX  has some drawbacks, though. The product range is limited to FX, CFDs, and cryptos. Email support can be slow, and fundamental data research is missing.

As trading fees are low and you can use a demo account, feel free to try ATFX.

ATFX
Summary ATFX is the forex/CFD brokerage arm of global financial group AT Group. It is regulated by several financial authorities globally, such as the UK FCA or CySEC of Cyprus.
Fees score 4.4 stars
Recommended for Forex and CFD traders familiar with the MetaTrader 4 trading platform

Visit broker More
62.96% of retail CFD accounts lose money

OvalX alternatives
City Index

City Index is a global CFD and FX broker founded in 1983. City Index is the trading brand of StoneX Financial Ltd., whose parent company StoneX Group Inc. is listed on the NASDAQ Stock Exchange. The company is regulated by top-tier financial authorities, such as the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Monetary Authority of Singapore (MAS). 

City Index is considered safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for low forex fees and great research tools

Pros Cons
Low fees for forex Product portfolio limited to forex and CFDs
Fast and smooth account opening High stock CFD fees
Diverse research tools Non-user-friendly desktop platform

Visit broker
73% of retail CFD accounts lose money

Fees
3.7

City Index has low fees for forex trading and there is no withdrawal fee. On the other hand, stock CFD fees are high and an inactivity fee kicks in after one year.
Pros Cons
Low forex fees Inactivity fee
No withdrawal fee High stock CFD fees
OvalX vs. City Index: Trading fees
City Index OvalX
Apple benchmark fee $21.2 $5.3
Vodafone benchmark fee $29.7 $3.1
EURUSD benchmark fee $6.4 $13.9

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More
73% of retail CFD accounts lose money

Account opening
5.0

City Index's account opening process is fully digital and there is no minimum deposit. It took one day for us to get the account approved.
Pros Cons
Fast None
Fully digital
No minimum deposit
OvalX vs. City Index: Minimum deposit, time to open an account
City Index OvalX
Minimum deposit $100 $100
Time to open account 1 day 1 day

If you are interested more in City Index minimum deposit, this overview will help you.

Visit broker More
73% of retail CFD accounts lose money

Deposit and withdrawal
4.3

City Index provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards.
Pros Cons
Credit/Debit card available Problem with credit card withdrawal
Free withdrawal
No deposit fee
OvalX vs. City Index: Withdrawal options
City Index OvalX
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
73% of retail CFD accounts lose money

Web trading platform
4.3

City Index's web trading platform is user-friendly and extremely customizable, with lots of order types. On the negative side, there is no two-step login.
Pros Cons
User-friendly No two-step (safer) login
Good customizability (for charts, workspace)
Good variety of order types
Web trading platform of City Index, a OvalX alternative
OvalX vs. City Index: Trading platform scores
City Index OvalX
Web platform score 4.3 stars 4.0 stars
Mobile platform score 4.3 stars 4.5 stars
Desktop platform score 3.0 stars 3.4 stars

Learn more about City Index's web trading platform in the detailed City Index review.

Visit broker
73% of retail CFD accounts lose money

Markets and products
2.4

At City Index, you can only trade CFDs, forex and cryptos. Other popular asset classes, like real stocks or funds, are not available.
OvalX vs. City Index: Markets and products
City Index OvalX
Stocks No No
ETFs No No
Forex Yes Yes
Funds No No
Bonds No No
Options No No
Futures No No
CFDs Yes Yes
Crypto Yes Yes

Visit broker More
73% of retail CFD accounts lose money

Verdict

City Index is a great CFD and forex broker, regulated by top-tier financial authorities such as the UK's FCA.

On the positive side, it has low forex fees, a smooth account opening process and high-quality research tools.

It has some drawbacks though. The product portfolio is limited, stock CFD fees are quite high and the desktop platform lags behind its competitors.

As there is no required minimum balance, no withdrawal fee, and an inactivity fee only kicks in after one year, feel free to try City Index.

Below you can find links to all aspects of City Index in this comprehensive collection.

City Index
Summary City Index is a global CFD broker, regulated by many financial authorities including the top-tier UK FCA. Its parent company, StoneX Group Inc. is listed on the NASDAQ Stock Exchange.
Fees score 3.7 stars
Recommended for Forex and CFD traders looking for low forex fees and great research tools

Visit broker More
73% of retail CFD accounts lose money

OvalX alternatives
OvalX

OvalX is a global CFD and FX broker. Its parent company Monecor (London) Ltd. was established in 1965 and is regulated by the UK's Financial Conduct Authority (FCA). Monecor (Europe) Ltd., the entity that handles EU accounts, is regulated by the Cyprus Securities and Exchange Commission (CySEC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex, spread and cfd traders looking for great funding and withdrawal options and an easy-to-use platform

Pros Cons
Multiple, free deposit and withdrawal options High FX fees
Easy and fast account opening Only CFDs, forex and crypto available
Great educational tools Basic research tools

Fees
3.5

OvalX offers commission-free stock CFDs and the non-trading fees are low. On the other hand, FX fees are high.
Pros Cons
Low non-trading fees High forex fees
Commission-free stock CFDs
OvalX alternatives trading fees
OvalX CMC Markets HYCM ATFX City Index
S&P 500 index CFD fee $1.8 $1.4 $0.9 $1.0 $1.1
Europe 50 index CFD fee $2.3 $1.7 $0.8 $1.4 $1.6
EURUSD benchmark fee $13.9 $8.8 $7.1 $7.3 $6.4
GBPUSD benchmark fee $12.0 $5.8 $7.9 $4.8 $4.5

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stock and $20k for FX

Account opening
5.0

OvalX's account opening is hassle-free and straightforward. Your account should be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
OvalX alternatives minimum deposit and account open times
OvalX CMC Markets HYCM ATFX City Index
Minimum deposit $100 $0 $100 $500 $100
Time to open account 1 day 1-3 days 1 day 1 day 1 day

Learn more about OvalX minimum deposit here.

Deposit and withdrawal
4.5

Depositing and withdrawing funds are free at OvalX. The processes are fast and there are several options for both.
Pros Cons
Credit/Debit card available Only 3 account base currencies available
Free withdrawal
No deposit fee
OvalX and alternatives withdrawal options and fees
OvalX CMC Markets HYCM ATFX City Index
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes Yes Yes Yes Yes
Electronic wallets Yes Yes Yes Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

Web trading platform
4.0

OvalX has a great web trading platform. It is user-friendly with a great search function and customizability. On the negative side, it lacks a two-step login and a clear fee report.
Pros Cons
User-friendly No clear fee report available
Good search function No two-step (safer) login
Good customizability (for charts, workspace)
OvalX - Web trading platform
OvalX and alternatives trading platform scores
OvalX CMC Markets HYCM ATFX City Index
Web platform score 4.0 stars 5.0 stars 2.8 stars 2.8 stars 4.3 stars
Mobile platform score 4.5 stars 5.0 stars 3.8 stars 3.8 stars 4.3 stars
Desktop platform score 3.4 stars 3.4 stars 3.4 stars 3.4 stars 3.0 stars

Learn more about OvalX's web trading platform in the detailed OvalX review.

Markets and products
2.2

At OvalX, you can trade only CFDs, forex and cryptos. Other products like real stocks, ETFs, mutual funds, bonds, options and futures are not available.
OvalX and alternatives markets and products
OvalX CMC Markets HYCM ATFX City Index
Stocks No No No No No
ETFs No No No No No
Forex Yes Yes Yes Yes Yes
Funds No No No No No
Bonds No No No No No
Options No No No No No
Futures No No No No No
CFDs Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

Verdict

OvalX is regulated by the UK's Financial Conduct Authority (FCA), a top-tier authority.

On the plus side, you can use a lot of free deposit and withdrawal options. We liked the seamless and hassle-free account opening process. There is also a wide range of great-quality educational tools available.

OvalX has some drawbacks, though. FX fees are average. Its product range is limited to forex, CFDs and cryptos, and only limited research tools are available.

As the minimum deposit is not very high, there are 5 free withdrawals a month, and no inactivity fee, feel free to give OvalX a try.

OvalX
Summary OvalX is a global forex and CFD broker regulated by the UK's FCA. Its parent company, Monecor (London) Ltd is listed on the London Stock Exchange.
Fees score 3.5 stars
Recommended for Forex, spread and CFD traders looking for great funding and withdrawal options and an easy-to-use platform

OvalX alternatives
Bottom line

Based on our analysis, there are several good alternatives to OvalX. They all offer similar products and target similar customers. Here's a recap of the results in a table.

OvalX alternatives
Broker Info Recommended for
OvalX Global CFD and forex broker Forex, spread and CFD traders looking for great funding and withdrawal options and an easy-to-use platform
CMC Markets Global CFD broker Forex and CFD traders looking for an advanced trading platform with many research tools
HYCM Global CFD and forex broker Forex and CFD traders who prefer the MetaTrader platform
ATFX Global CFD and forex broker Forex and CFD traders familiar with the MetaTrader 4 trading platform
City Index Global CFD and forex broker Forex and CFD traders looking for low forex fees and great research tools

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Ádám Nasli

Author of this article

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Ádám Nasli

Analyst head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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Visit OvalX
73.85% of retail CFD accounts lose money
Visit CMC Markets
69% of retail CFD accounts lose money
Visit HYCM
67% of retail CFD accounts lose money
Visit ATFX
62.96% of retail CFD accounts lose money
Visit City Index
73% of retail CFD accounts lose money
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