About the Work of the Broker OvalX
While it does not have a banking license or a stock market listing, the broker OvalX is regulated by the UK’s Financial Conduct Authority and the Cyprus Securities and Exchange Commission. The regulatory status of an investment company can have an impact on the investor protection it offers. For example, an investment firm that is regulated by the Financial Conduct Authority will offer negative balance protection to retail clients. However, professional clients will not be covered by this.
OvalX started life as a mortgage broker in 1965
OvalX began its life as a mortgage broker in 1965 and now provides financial services to investors in a wide variety of markets. The company’s fee structure is designed to be easy to understand. It also features transparent fees and commissions. It also offers a range of deposit and withdrawal options. In addition, OvalX’s account opening process is quick and the website offers many educational tools to help users make the best trades possible.
The company started in 1965 as a mortgage broker in London, but later expanded its business into retail derivatives. The company, formerly known as TradeIndex, rebranded in 2002 as ETX Capital. The company now covers over 60 different FX pairs, indices, shares, and commodities. It is regulated by the CySEC and the UK’s Financial Conduct Authority.
It offers a variety of instruments
OvalX provides traders with access to a wide variety of financial instruments. It offers CFDs and forex pairs for trading. With CFDs, you can trade without owning the underlying asset. In addition, spread betting on most instruments is tax-free. The platform also offers analysis on various commodities and currency pairs.
The platform is regulated by the Financial Conduct Authority, the strongest regulator in the industry. The company also has rigorous procedures for ensuring its reliability. These include daily security checks to make sure the broker is compliant with regulatory capitals. In addition, its funds are held in investment-grade UK banks. Furthermore, it participates in a number of schemes that protect traders in the event of insolvency.
The trading platform at OvalX allows traders to trade in over 5,000 financial instruments. It is a legitimate online broker that is regulated by the Financial Conduct Authority (FCA), which regulates UK traders. Additionally, the broker holds licenses from four financial organisations and the Markets in Financial Instruments Directive.
Withdrawals and deposits at OvalX are fast and easy. You can withdraw funds through the same methods you used to fund your account. However, withdrawals below PS100 require you to wait 24 hours or more for your funds to reach your bank account. In addition, OvalX does not offer a two-step login feature.
OvalX is a well-established broker with offices in the United Kingdom and Cyprus. It provides forex trading services to clients worldwide. The company is regulated by the CySEC 096/08 and the FCA (UK) 124721. It offers a standard account that allows investors to trade with leverage of up to 1:400. The minimum deposit amount is PS250. It also offers a multi-level affiliate program.
OvalX also has a number of educational materials available for traders. The company is part of Monecor Limited, which has been in operation since 1965. The firm is based in London and is regulated by the UK Financial Conduct Authority. It aims to cooperate with traders from EU countries. It also offers a wide range of trading tools and low spreads.
It has a mobile app
The OvalX mobile app lets you trade on your mobile device without a computer. The platform is designed to make it easy to place trades and watch your investments. The platform has over 5,000 instruments to choose from. It is regulated by the Financial Conduct Authority, which governs British traders. It also holds licenses from four financial organizations, including the Markets in Financial Instruments Directive.
The OvalX mobile app is available for iOS and Android devices. It allows you to view and manage over 80 technical indicators. It also allows you to copy trades. The OvalX Connect app is a proprietary copy trading application available for both Android and iOS devices. The company also offers educational material to its customers.