Compare FXCM Vs OvalX: Which is the Better Forex Broker in 2024?
FXCM Vs OvalX, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between FXCM Vs OvalX, here is the direct comparison:
Feature | FXCM | OvalX |
General Rating |
2.43/5 |
1.00/5 |
|
Score | 66 | 59 | |
Trustpilot |
2.7/5 44 users |
4.5/5 293 users |
|
💼 Regulation | |||
❗Info | |||
⌛ Established | 1999 | 1965 | |
💲 Min Deposit | $1 | $100 | |
⚖ Max Leverage | 1:400 | 1:400 | |
🔢 Spread | Fixed | Variable | |
💸 Commissions | $4 | ||
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | Skrill, Wire transfer, Credit/debit cards and Neteller | Skrill, Wire transfer, Credit/debit cards, Neteller and UnionPay | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, German, Greek, English, Spanish, French, Italian, Hebrew, Portuguese, Swedish, Chinese | Czech, Danish, English, Italian, Slovak |
🚪 Trade Now | Open FXCM | Open OvalX |
Testimonials
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FXCM: Genuine Trading Tips
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FXCM: nice broker
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FXCM: I wonder how I got so many phone call after...
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FXCM: They never accept my account and when I ask for...
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FXCM: First, the price is far, very far from the real...
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See More FXCM Testimonials
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See More OvalX Testimonials
News
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FXCM New Vice President and CFO Take the Helm at Tradu Platform
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FXCM UK Records a 11.2 Percent Drop in Revenue
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FXCM UK and Cyprus Subsidiaries Undergo Name Changes
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FXCM Pro Provides MetaTrader Liquidity to TFB Clients
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Providing Ultra Low Latency Execution, FXCM and Your Bourse Partnered
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FXCM Releases New Platforms to Help with Expansion
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OvalX Announces Closure, Clients Transferred to Capital.com
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Thomas Felber Joins FXCM to Lead the Production Team
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Chief Information Officer Ryan Leonard Leaves FXCM
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OvalX Starts Layoff Following Poor Performance
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, FXCM provides their pricing with Fixed spread while OvalX offers Variable spread.
FXCM vs OvalX: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, FXCM enables trading with MetaTrader 4 (Limited with 30 days), Trading Station II (Limited with 30 days), MirrorTrader, NinjaTrader. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, OvalX provides trading with ETX TraderPro, MetaTrader 4 with the support of Trailing stop, Pending orders.
Is FXCM or OvalX better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, FXCM supports trading with Forex, CFD, Stocks, Agriculture, Gold & silver, Oil, Indexes, Spread betting, Crypto, while OvalX presents the ability of trading with Forex, Spread betting, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to FXCM and OvalX:
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For more comparisons, visit this page.