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OEXN vs Covenance
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, OEXN currently holds a stronger overall rating (4.8) than Covenance (0).
OEXN has a higher minimum deposit than Covenance, at 50.0.
Both platforms offer their clients demo accounts, mobile trading, MAM/PAMM.
Traders should note that
both companies offer the same minimum lot size 0.01, but OEXN has a maximum lot size of 1000.0, while Covenance offers 100.0.
OEXN offers a greater leverage limit of 1:1000, whereas Covenance allows a maximum of only 1:100.
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 ($) | 50.0 | 30.0 |
| Commission | 8.0 | 12.0 |
| 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 | 1000.0 | 100.0 |
| Spread | Fixed, Variable | Variable |
| Broker type | STP, ECN, Market Maker, NDD, DMA | STP, ECN, Cent |
| Maximal leverage (1:?) | 1000 | 100 |
| Availability | STP, ECN, Market Maker, NDD, DMA | STP, ECN, Cent |
| Regulation | CySEC (Cyprus), FSC (Mauritius) | - |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 5 (MT5) |
| Funding/Withdrawal methods | Credit Card, Debit Card, Online Check, Money Order, Moneybookers, Perfect Money, WebMoney, Neteller, UnionPay, Skrill, FasaPay, Bitcoin, WeChat Pay, iDeal, TrustPay, Sofort Banking, Klarna, Przelewy, Boleto, Giropay, POLi, Trustly, Broker to Broker, Sticpay, PayRetailers, Payment Asia, SEPA, Crypto, Help2pay, USDT | Bitcoin, Crypto, USDT |
| Account Currency | USD, EUR | USD |
| Languages | English, Greek, Mandarin, Chinese, Indonesian, Malay, Vietnamese, Czech, Serbian, Simplified Chinese, Traditional Chinese, Bahasa Malay, Bahasa Indonesia | English |
| Country | Cyprus | Comoros |
| Trading platform(s) timezone | China, Mauritius, Malaysia, Thailand, Vietnam | Comoros |
| Other trading instruments | - | - |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
