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XM Group vs OvalX
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, XM Group currently holds a stronger overall rating (4.3) than OvalX (1).
XM Group has a lower minimum deposit, at 5.0.
Both platforms offer their clients demo accounts.
XM Group offers a greater leverage limit of 1:1000, whereas OvalX allows a maximum of only 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 ($) | 5.0 | 250.0 |
| Commission | 3.5 | - |
| 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 | 50.0 | - |
| Spread | Variable | Variable |
| Broker type | Market Maker | STP, DMA, Prime of Prime |
| Maximal leverage (1:?) | 1000 | 275 |
| Availability | Market Maker | STP, DMA, Prime of Prime |
| Regulation | CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa), ESCA (UAE) | FCA (UK), CySEC (Cyprus), FSCA (South Africa) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), XM App | MetaTrader 4 (MT4) |
| Funding/Withdrawal methods | Multiple local methods | Wire Transfer, Credit Card, Debit Card |
| Account Currency | USD, GBP, EUR, CHF, JPY, PLN, SGD, ZAR, AUD, HUF | GBP |
| Languages | English, Spanish, French, German, Portuguese, Italian, Greek, Russian, Polish, Thai, Arabic, Vietnamese, Korean, Bulgarian, Urdu, Hindi, Czech, Serbian, Romanian, Tagalog, Simplified Chinese, Traditional Chinese, Bahasa Malay, Bahasa Indonesia, Slovakian, Nepali, Cebuano, Mongolian | English |
| Country | United Arab Emirates, Belize, Cyprus, South Africa | Cyprus |
| Trading platform(s) timezone | United Arab Emirates, Belize, Cyprus, South Africa | United Kingdom |
| Other trading instruments | Stocks, Futures, Indices, Commodities, Energies, CFDs, Precious Metals, Forex | Indices, Spread Betting |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
