ETX Capital aka OvalX Reviewed: Lots To Like About This Technical Trading Platform Heres The Detail
Trading is quite easy on the platform and you can open trade with only one click by the order window. Create your own strategies and templates which you can duplicate on other charts. Analyzing is not difficult with MetaTrader 4 because you got so many options to do it.
The main differences using MT4 versus TraderPro are the spreads and technical analysis tools. There are 30+ technical indicators — TraderPro has a similar set of tools. Minimum spread and minimum margin rates for forex limefx pairs may change over time.
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Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. When it comes to spreads the broker only offers spread-based accounts. The advantage of this is that you pay no commission on most of your trades (some assets can include commissions). The spread is starting with 0.6 pips in forex and 1 point in indices. Their educational offering is especially useful for novice traders.
The computer-based platform can be downloaded in Windows or Mac while the mobile apps are available for both iOS and Android. limefx TraderPro, MT4, and the mobile versions have all the features that users need to make better decisions when trading. It offers CFD, forex and spread betting services to institutional and individual traders. ETX stands for the services that Monecor offers, Electronic Trading, Telephone Trading, and Execution Services. Following the platform’s German-language version launch in 2010, the firm spread its wings and commenced operations in France, Portugal and South Africa.
- Brokers like OvalX are third-party mediums people can use to access the products listed by such market makers.
- Traders at the trade events can get to meet business introducer’s clients, affiliates, and clients.
- By 2017, the company had launched TraderPro and added Bitcoin markets to the new platform.
- With over 5,000 markets and all its capabilities, ETX Capital may very well be the best stock broker around.
ETX Capital offers the payment methods of bank wires, credit/debit cards, UnionPay, Skrill, and Neteller. Equity traders get a well-balanced choice of large-cap and mid-cap CFDs, offering all traders and strategies advanced diversification opportunities across countries and sectors. Compare Broker’s mission is to help you compare brokers and find the one which suits your trading needs free of charge.
You would be told to select your kind of trading platform, which could be MT4, TraderPro. Also, you will select your currency, which could be USD, EUR, or GBP. CTX Capital offers traders a wide selection of products to trade with, including; up to 58 Currency Pairs, well over 2000 Stock CFDs, 26 Commodity CFDs, and 5 cryptocurrencies. The website does not provide investment services or personal recommendations to clients to trade any financial instrument.
The extensive list gives traders the power to access world markets and to choose from a range of major and minor indices, forex currency pairs, equities, energy, metals and soft commodities. While looking at the ETX Capital demo account, traders will see precious metal commodities, such as silver, platinum, copper and gold, and a range of energy assets, such as gas and crude oil. Soft commodities, such as cocoa, sugar, coffee, wheat, corn, orange juice and timber, from different parts of the world can also be accessed through TraderPro.
ETX Capital Demo Account: An Honest and Detailed Review
These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. New clients have to go through a compliance check to see if they can trade and to ensure they fully understand the risks involved in trading.
Analysis and charting:
Nine trading courses increase the educational value at ETX Capital, where traders also find platform guides, eBooks, and a glossary. While the research value offered ETX Capital remains low, the approach to education ranks among the most valuable ones available to new traders, which I highly recommend to beginner traders. ETX Capital offers all clients the same CFD trading account and conditions. The only difference remains between the MT4 trading account or the TraderPro alternative. Clients who opt for Trader Pro may choose any major currencies, while ETX Capital also caters to specific requests. As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.
The download is fast and straightforward, and the trader can log in with their detail to make a fast trade. Just as mentioned before, Monecor is the mother company of ETX Capital, listed under LSE. The ETX Capital Company has a considerable presence in the EU region. Also, it has so many affiliates scatter across the globe in countries like Africa, Russia, and the Middle East. Thus, the CFD Broker is a trusted company that transacts deals in high-quality financial services that do not affect the confidence of its customers in any form.
OvalX does NOT accept traders from the United States, Belgium, Canada, Singapore, Switzerland, alongside other countries not covered under the FCA, FSCA, MiFID, and CySec licenses. OvalX proceeds with margin calls when your cash balance drops under 50% of your initial deposit. Positions can be re-opened when additional funds are added to met the required margin. If you want to buy a CFD worth £1,000 at a margin of 20%, you need to deposit £200, while you borrow the rest from the broker. OvalX receives most of its compensation through the market bid/ask spread and commission on share CFDs. CFDs on commodities are offered as daily rolling contracts and futures CFD contracts.
ETX Capital has high economic reliability and more than 5000 markets. The initial deposit is very low; you need only 250 USD, giving the dealers a good hold-up and educational resources. The deposit can be made through bank transfers, FBP, EUR, SEK, CZK, AUD, CHF, CAD, or HRK. The deposit is made within one working day, whereas the withdrawal is made within 2-3 days.
The company won the Best Forex Trading Tools & Software award at the UK Forex Awards in the same year. By 2014, ETX acquired Shelbourne Markets and launched ETX Ireland, making ETX’s new acquisition the largest CFD and spread betting provider in the country. The brand continued to expand and acquired Alpari UK’s customer base after the collapse of Alpari in January of that year. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.
The ETX Capital Group has a substantial presence in the EU zone and has its affiliate offices in Russia, Africa, and the Middle East. They also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move. Asktraders is a free website that is supported by our advertising partners.
An FAQ section answers many of the most common questions, and ETX Capital explains its products and services well on its website. Most traders may only require customer support during emergencies, and ETX Capital ensures swift access when needed. The proprietary ETX TraderPro trading platform offers the best trading experience but only supports manual trading.
