iFOREX Europe Vs. OvalX - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 89.13% of retail CFD accounts lose money.	Visit 73.85% of retail CFD accounts lose money.
Overview
iFOREX Europe (formerly Vestle) is the Europe brand part of the global iForex Group that specialises in CFD trading and offers over 600 instruments over currencies, commodities, indices, shares, ETFs and cryptocurrencies.	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
Beginner traders with little to no experience looking to test a simple platform	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 0 Other Licenses 1 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
CySec (Cyprus)	FCA (UK) FSCA (South Africa) CySec (Cyprus)
The Good
Extremely simple platform designed for beginners with little needs	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
High spreads on all of their instruments Web and mobile platforms are slow and lack tools Their FAQ database doesn’t effectively answer the most common questions any trader could have	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 document (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
2018	1965
💳 Minimum Deposit Range
$200	From $100 to $10,000
💰 Payment Methods
Bank Transfer Credit Card Debit Card	Visa Mastercard Maestro Skrill UnionPay Bank Transfer
💵 Account Base Currencies
1 - EUR	3 - EUR, USD, GBP
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR, JP.	US, BE, CN, SG, CH.
📊 STP Account
Yes	No
📊 DMA Account
No	No
📊 ECN Account
No	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
584	5,174
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
400	5,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
50	60
📗 Commodities
0	0
📗 Commodities CFDs
19	17
📕 Indices
0	0
📕 Indices CFDs
32	20
📔 ETFs
0	0
📔 ETFs CFDs
42	19
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
41	5
📒 Bonds
0	0
📒 Bonds CFDs
0	8
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	45
Trading Experience
📈 Minimum Stock Trade Size
$2,500 in trade value	1 Share
📉 Minimum ETFs Trade Size
$2,500 in trade value	1 ETF
📈 Minimum Crypto Trade Size
$2,500 in trade value	Varies by Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$2,500 in trade value	$1,000 (0.01 lots)
📈 Minimum Commodities Trade Size
$2,500 in trade value	Varies per commodity (Eg 0.1 for WTI, 1 for Cotton)
📉 Minimum Bonds Trade Size
Unavailable	1 Bond
📈 Minimum Futures Trade Size
Unavailable	Varies per futures contract (Eg: 0.1 Copper, 1 for Bonds)
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
500	500
✍ Customisable Leverage
No	No
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
No	Yes
📺 MetaTrader 5
No	No
📺 cTrader
No	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
iFOREX Europe charges an inactivity fee of $15 for every quarter of inactivity.	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
No for credit cards but yes for bank wires (up to $20).	None
💰 Commissions
None	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 0.7 Pips	Dynamic - From 0.6 Pips
📉 SP500
Dynamic - From 90 Pips	Dynamic - From 60 Pips
📈 GOLD
Dynamic - From 35 Pips	Dynamic - From 60 Pips
📉 TSLA (Stock CFD)
Dynamic - From $3	Dynamic - From $13
📈 XLK (ETF - CFD)
Dynamic - From 30 Pips	Unavailable
📉 BTC
Dynamic - From $120	Dynamic - From $226.4
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	No
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
No	No
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
Yes	No
📡 Webinars
Yes	No