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Fondex vs OvalX
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Fondex currently holds a stronger overall rating (4.7) than OvalX (1).
Both brokers have the same minimum deposit of 250.0.
Both platforms offer their clients demo accounts.
Fondex offers a lower maximum leverage of 1:30, whereas OvalX allows trading with up to 1:275.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 250.0 | 250.0 |
| Commission | 2.5 | - |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 100.0 | - |
| Spread | Variable | Variable |
| Broker type | STP, ECN, Market Maker, NDD | STP, DMA, Prime of Prime |
| Maximal leverage (1:?) | 30 | 275 |
| Availability | STP, ECN, Market Maker, NDD | STP, DMA, Prime of Prime |
| Regulation | CySEC (Cyprus) | FCA (UK), CySEC (Cyprus), FSCA (South Africa) |
| Trading Platforms | cTrader | MetaTrader 4 (MT4) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Paypal, Neteller, Skrill, Internal transfer | Wire Transfer, Credit Card, Debit Card |
| Account Currency | USD, GBP, EUR, CHF, JPY, CAD, SGD, THB, ZAR, RUB, CZK | GBP |
| Languages | English, French, German, Italian, Greek, Indonesian, Thai, Arabic, Vietnamese | English |
| Country | Cyprus | Cyprus |
| Trading platform(s) timezone | Cyprus | United Kingdom |
| Other trading instruments | Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals | Indices, Spread Betting |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
