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OvalX vs Spec Markets
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, OvalX currently holds a lower overall rating (1) compared to Spec Markets (4.7).
OvalX has a higher minimum deposit than Spec Markets, at 250.0.
Both platforms offer their clients demo accounts.
OvalX offers a lower maximum leverage of 1:275, whereas Spec Markets allows trading with up to 1:1000.
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 | 100.0 |
| Commission | - | 0.0 |
| 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, DMA, Prime of Prime | ECN |
| Maximal leverage (1:?) | 275 | 1000 |
| Availability | STP, DMA, Prime of Prime | ECN |
| Regulation | FCA (UK), CySEC (Cyprus), FSCA (South Africa) | FSCA (South Africa), FSC (Mauritius) |
| Trading Platforms | MetaTrader 4 (MT4) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card | Wire Transfer, Credit Card, Debit Card |
| Account Currency | GBP | USD, GBP, EUR |
| Languages | English | English, Spanish, French, German, Japanese |
| Country | Cyprus | Mauritius |
| Trading platform(s) timezone | United Kingdom | Mauritius, South Africa |
| Other trading instruments | Indices, Spread Betting | Indices, Cryptocurrency, Precious Metals, Forex, CFDs: Indices, Commodities, Energies |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
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