Compare Exness Vs OvalX: Which is the Better Forex Broker in 2023?
Exness 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 Exness Vs OvalX, here is the direct comparison:
|❗Information||Testimonials (155), News (62), Articles (23), Promotions (3)||Testimonials (1), News (8)|
|💲 Min Deposit||$1||$100|
|⚖ Max Leverage||1:2000||1:400|
|💡 Min Position||0.01 lot||0.01 lot|
|💳 Payment||WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, Perfect Money, Crypto, Tether (USDT) and USD Coin (USDC)||Skrill, Wire transfer, Credit/debit cards, Neteller and UnionPay|
|🧩 Demo Account|
|📁 Segregated Account|
|🕋 Islamic Account|
|👨💻 PAMM Account|
|📈 Managed Account|
|🇺🇸 US traders|
|🏆 Trading contests|
|⚡ Automated trading|
|💰 Bonus offers|
|📖 Free education|
|1️⃣ One-click trading|
|⏱ Trailing stop|
|⏳ Pending orders|
|Gold & Silver|
|🗣 Website Languages||Arabic, Bengali/Bangla, German, English, Spanish, French, Hindi, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Thai, Urdu, Vietnamese, Chinese||Czech, Danish, English, Italian, Slovak|
|🚪 Trade Now||Open Exness||Open OvalX|
Exness Supports New Sports League in Cyprus
Stanislav Bublik Leaves His Position at Exness
Exness April Trading Volume Slightly Down
Exness CCO Damian Bunce Gives Talks at Wealth 3.0 Event
Exness FX Trading Volume Surpassed USD3.8 Trillion
Natalya Maxumova Returns as Exness Head of Development
Exness Chooses Alina Kamalova to Lead Marketing Strategy
Exness Sponsors Installation of New Water Refill Stations in Cyprus
Exness Launches Internship Programs for University Students
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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, Exness provides their pricing with Variable spread while OvalX offers Variable spread.
Exness 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, Exness enables trading with MetaTrader 4, MetaTrader 5. 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 Exness 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, Exness supports trading with Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Metals, Energies, 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 Exness and OvalX:
- Compare Exness vs FXCM
- Compare Exness vs Vantage
- Compare Exness vs OANDA
- Compare OvalX vs Orbex
- Compare OvalX vs XM
- Compare OvalX vs easyMarkets
For more comparisons, visit this page.