DEGIRO Vs. OvalX - Compare Trustworthiness, Capabilities, Fees and Legitimacy

DEGIRO is a European leading stock broker providing access to more than 50 stock exchanges around the world with low commissions per trade and a simple to use platform.

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.

• Investors from all experience levels looking to buy real shares, funds or ETFs for the long term
• Active traders that look to access the large variety of exchanges offered

• 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 

• BaFin (Germany)
• AFM (Netherlands)

• FCA (UK)
• FSCA (South Africa)
• CySec (Cyprus)

• No conflicts of interest between DEGIRO and its customers
• Virtually unlimited asset offering from 50 exchanges across the globe
• Low fees when compared to traditional banking alternatives

• 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

• Credit card deposits are not available
• Simplistic platforms with not many features
• Fees are expensive when compared to commission free brokers

• 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)

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• 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 document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Bank Transfer
• Paypal

• Visa
• Mastercard
• Maestro
• Skrill
• UnionPay
• Bank Transfer

DEGIRO only provides services to citizens of Czech Republic, Spain, Ireland, Norway, Poland, Sweden, Denmark, Greece, Italy, Portugal, Switzerland, Germany, France, Netherlands, Finland and the United Kingdom. The rest of the countries worldwide are not able to use DEGIRO's services.

US, BE, CN, SG, CH.

Yes and varies per asset and exchange, eg: If you were to purchase £2,000 worth of Apple shares at a price of $300 your total commission would have been £0.44.

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)