AvaTrade Vs. OvalX - Compare and Choose the Right One


Visit 71% of retail CFD accounts lose money.	Visit 73.85% of retail CFD accounts lose money.
Overview
AvaTrade is a top-tier multinational broker with more than 7 financial regulators specialising in FX and options trading with their own proprietary platforms.	OvalX (formerly ETX Capital) offers 60 currency pairs and a wide selection of equities for the beginning and experienced investors with no deposit and withdrawal fees.
Best For
New traders looking for a more advanced forex and options platform Experienced traders looking to take advantage of their fixed spreads Experienced traders looking to trade FX options	Forex traders for variety of currencies and high net worth equities Traders seeking commission free equities inside their 250 commission-less selection Traders who want to trade commodity futures and bonds
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 6 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) FFAJ (Japan) CBI (Ireland) IIROC (Canada) CySec (Cyprus) FSCA (South Africa) ADGM (United Arab Emirates) ISA (Israel)	FCA (UK) FSCA (South Africa) CySec (Cyprus)
The Good
AvaProtect feature for negative trades payback Great variety of platforms (proprietary ones, MT4 & MT5) Smooth platform experiences and easy account management Custom Options trading platform	Commission-free trades for 250 equities Low minimum deposit to open standard account (100£) Wide selection of commodity futures and bonds Decent educational material for market research, including seminars on indices, commodities and currencies
The Bad
Lack of variety in stocks, ETFs and bonds Expensive inactivity fees No multi-chart tools High trade minimums in all assets except forex	Doesn’t provide live news feed on standard account No ability to purchase real stocks or ETFs (All assets are CFDs) Expensive commissions on shares (Eg minimum $15 on US shares, 10 € on EU shares)
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	1 Day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity documents (Passport, ID card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder’s name.
📍 Year Founded
2006	1965
💳 Minimum Deposit
$, €, £ - 100	$, €, £ - 100 (Standard) and 10,000 (Premium)
💰 Payment Methods
Visa Mastercard Bank Transfer Paypal	Visa Mastercard Maestro Skrill UnionPay Bank Transfer
💵 Account Base Currencies
4 - USD, GBP, EUR, CHF.	3 - EUR, USD, GBP
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, BE, IR.	US, BE, CN, SG, CH
📊 STP Account
No	No
📊 DMA Account
No	No
📊 ECN Account
No	No
Assets
📚 Available Assets
CFDs on stocks, cryptocurrencies, commodities, currencies, ETFs, indices, shares, options and bonds.	CFDs on currencies, bonds, indices, shares, ETFs, commodities and cryptocurrencies.
📙 Stocks
626	5,000 CFDs (250 are commission free)
📘 Currency Pairs
55	60
📗 Commodities
27	17
📕 Indices
33	20
📔 ETFs
59	19
💸 Cryptocurrencies
17	5
📒 Bonds
2	8
📓 Options
44	N/A
📗 Futures
N/A	45
📝 Notes:
Most of AvaTrade's assets are CFDs.	OvalX offers CFDs, spread betting and futures.
Trading Experience
📈 Minimum Stock Trade Size
Depends on Stock price, from 1 to 10 or 100 units.	1 Share
📉 Minimum ETFs Trade Size
Depends on ETF price, from 1 to 10 or 100 units.	1 ETF
📈 Minimum Crypto Trade Size
Depends on cryptocurrency, for BTC 0.01, for ETH 0.1 units.	Varies by Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000	$1,000 (0.01 lots)
📈 Minimum Commodities Trade Size
Varies by Commoditty (Eg: 1 Troy ounce of Gold)	Varies per commodity (Eg 0.1 for WTI, 1 for Cotton)
📉 Minimum Bonds Trade Size
10 Bond contracts	1 unit
📈 Minimum Futures Trade Size
N/A	Varies per futures contract (Eg: 0.1 Copper, 1 for Bonds)
📉 Minimum Options Trade Size
10,000 FX Option contracts	N/A
💪 Retail Leverage
Up to 1:30	Up to 1:30
💪 Professional Leverage
Up to 1:500	Up to 1:500
✍ Customisable Leverage
No	No
🎲 Deleveraged Trading
No	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
No	Yes
👬 Copy Trading
No	Yes
👫 Social Trading
No	Yes
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	Yes
Fees
💰 Inactivity Fee
Yes, $50 per quarter after 3 months of inactivity.	No
💰 Deposit Fees
No	No
💰 Withdrawal Fees
No	No
💰 Commissions
No	Yes, depending on asset class. (Eg: U.S shares have a 2 cents per share charge with a minimum of $15 per order, European shares have a 0.1% of transaction value charge with a minimum 10 € charge)
Spreads
📈 EUR/USD
Dynamic - From 0.9 Pips	Dynamic - From 0.6 Pips
📉 SP500
Dynamic - From 50 Pips	Dynamic - From 60 Pips
📈 GOLD
Dynamic - From 34 Pips	Dynamic - From 60 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.92	Dynamic - From $13
📈 XLK (ETF - CFD)
N/A	N/A
📉 BTC
Dynamic - From $137.31	Dynamic - Eg. $226.4
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	No
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No