OvalX vs Trade Nation compared

Online brokers compared for fees, trading platforms, safety and more. See how OvalX stacks up against Trade Nation!

OvalX
Trade Nation
OvalX
4.3
73.85% of retail CFD accounts lose money
Trade Nation
4.4
81.3% of retail CFD accounts lose money

Last update of dataJun 2022

OvalX

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.

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

Trade Nation

Trade Nation is a UK CFD and forex broker. It is regulated by the FCA and is available globally for clients.

Recommended for spread, forex and CFD traders looking for a great trading platform and quality customer service.

OvalX's service is on par with Trade Nation's and a comparison of their fees shows that OvalX's fees are similar to Trade Nation's.

Account opening takes about the same effort at OvalX compared to Trade Nation, deposit and withdrawal processes are about the same quality at OvalX, while customer service quality is somewhat lower than Trade Nation's.

Our experts rated the trading platform of OvalX as being of the same quality as the platform of Trade Nation, found that clients have access to slightly more markets and products with OvalX, while Trade Nation provides better research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.3

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

Overall Score
4.4

Recommended for Spread, forex and CFD traders looking for a great trading platform and quality customer service

Country of origin

UK

Country of origin

UK

Fees

Fees score
3.5
Fees score
3.8
Fees summary

Average trading and non-trading fees, no withdrawal fees

Fees summary

Low non-trading fee, but high forex fee

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
4.5
Deposit and withdrawal score
4.5
Number of base currencies

3

Number of base currencies

8

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$100

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1 day

Required documents

Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill

Required documents

Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement

Trading platform

Web platform score
4.0
Web platform score
4.5
Mobile platform score
4.5
Mobile platform score
4.3
Desktop platform score
3.4
Desktop platform score
3.4

Markets and products

Markets and products score
2.2
Markets and products score
1.5
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
*
*
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
CFDs
CFDs
CFD disclaimer

Disclaimer: 73.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

CFD disclaimer

Disclaimer: 81.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
2.9
Research score
4.5
Charting quality

Great

Charting quality

Great

Education score
5.0
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
4.0
Customer service score
4.5
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

£85,000 for clients under FCA and €20,000 for clients under CySEC

Investor protection amount

£85,000 for clients under FCA, no protection for others

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1965

Foundation date

2014

Country of regulation

UK, Cyprus

Country of regulation

UK, Australia, South Africa, Bahamas

OvalX

For detailed information and hands-on experience, read our review of this broker.

Trade Nation

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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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