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OvalX vs FP Trading
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 FP Trading (4.9).
OvalX has a higher minimum deposit than FP Trading , at 250.0.
Both platforms offer their clients demo accounts.
OvalX offers a lower maximum leverage of 1:275, whereas FP Trading allows trading with up to 1:500.
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 | - | 6.0 |
| 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 | 4,5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | - | 50.0 |
| Spread | Variable | Variable |
| Broker type | STP, DMA, Prime of Prime | ECN |
| Maximal leverage (1:?) | 275 | 500 |
| Availability | STP, DMA, Prime of Prime | ECN |
| Regulation | FCA (UK), CySEC (Cyprus), FSCA (South Africa) | FSCA (South Africa), FSC (Mauritius), FSRA (Saint Lucia), FSA (SVG) |
| 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, Bitcoin, Crypto, Apple Pay, Google Pay, USDT |
| Account Currency | GBP | USD, GBP, EUR, CHF, CAD, PLN, AUD |
| Languages | English | English, Spanish, German, Italian, Greek, Russian, Mandarin, Polish, Malay, Arabic, Tamil, Bulgarian, Urdu, Hindi, Serbian, Romanian, Filipino, Tagalog |
| Country | Cyprus | Saint Vincent and the Grenadines |
| Trading platform(s) timezone | United Kingdom | Mauritius, South Africa, Saint Lucia, Saint Vincent and the Grenadines |
| Other trading instruments | Indices, Spread Betting | Stocks, Futures, Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals, Forex |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
