Compare OvalX Vs FXGT: Which is the Better Forex Broker in 2024?
OvalX Vs FXGT, 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 OvalX Vs FXGT, here is the direct comparison:
Feature | OvalX | FXGT |
General Rating |
1.00/5 |
1.00/5 |
|
Score | 59 | 48 | |
Trustpilot |
4.5/5 293 users |
2.1/5 18 users |
|
💼 Regulation | |||
❗Info | |||
⌛ Established | 1965 | 2019 | |
💲 Min Deposit | $100 | $10 | |
⚖ Max Leverage | 1:400 | 1:500 | |
🔢 Spread | Variable | Fixed | |
💸 Commissions | |||
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | Skrill, Wire transfer, Credit/debit cards, Neteller and UnionPay | Wire transfer, Credit/debit cards, Crypto, Ethereum, Ripple, bitwallet, Tether (USDT) and Local bank transfer | |
🏢 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 | Czech, Danish, English, Italian, Slovak | English, Japanese, Malay, Thai |
🚪 Trade Now | Open OvalX | Open FXGT |
News
-
FXGT Unleashes Pro and ECN Accounts – Elevate Your Game Now
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FXGT Concluded Live Trading Competition, Winners Announced
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Win USD35K From FXGT First World Trading Competition
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Prioritizing Client's Convenient, FXGT Launched MT4
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OvalX Announces Closure, Clients Transferred to Capital.com
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OvalX Starts Layoff Following Poor Performance
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Lawrence Jones has Signed with OvalX as Head of Digital Acquisition
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Head of Research and Analysis Andrew Saks Leaves OvalX
-
OvalX Hires Amazon Alumn Elena Giardino as Marketing PM
-
ETX Capital Unveils Rebrand as OvalX
Articles
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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, OvalX provides their pricing with Variable spread while FXGT offers Fixed spread.
OvalX vs FXGT: 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, OvalX enables trading with ETX TraderPro, MetaTrader 4. The offer is supported with Trailing stop, Pending orders. In comparison, FXGT provides trading with MetaTrader 5 with the support of One-click trading, Trailing stop, Pending orders.
Is OvalX or FXGT 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, OvalX supports trading with Forex, Spread betting, Crypto, while FXGT presents the ability of trading with Forex, Gold & silver, Stocks, 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 OvalX and FXGT:
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