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


Visit 73.85% of retail CFD accounts lose money.	Visit 71% of retail CFD accounts lose money.
Overview
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.	AvaTrade is a top-tier multinational broker with more than 7 financial regulators specialising in FX and options trading with their own proprietary platforms.
Best For
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	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
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 6 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
FCA (UK) FSCA (South Africa) CySec (Cyprus)	ASIC (Australia) FFAJ (Japan) CBI (Ireland) IIROC (Canada) CySec (Cyprus) FSCA (South Africa) ADGM (United Arab Emirates) ISA (Israel)
The Good
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	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
The Bad
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)	Lack of variety in stocks, ETFs and bonds Expensive inactivity fees No multi-chart tools High trade minimums in all assets except forex
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
1965	2006
💳 Minimum Deposit Range
From $100 to $10,000	$100
💰 Payment Methods
Visa Mastercard Maestro Skrill UnionPay Bank Transfer	Visa Mastercard Bank Transfer Paypal
💵 Account Base Currencies
3 - EUR, USD, GBP	4 - USD, GBP, EUR, CHF.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, BE, CN, SG, CH.	US, BE, IR.
📊 STP Account
No	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
5,174	863
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
5,000	626
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
60	55
📗 Commodities
0	0
📗 Commodities CFDs
17	27
📕 Indices
0	0
📕 Indices CFDs
20	33
📔 ETFs
0	0
📔 ETFs CFDs
19	59
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
5	17
📒 Bonds
0	0
📒 Bonds CFDs
8	2
📓 Options
0	0
📓 Options CFDs
0	44
📗 Futures
0	0
📗 Futures CFDs
45	0
Trading Experience
📈 Minimum Stock Trade Size
1 Share	Variable - From 1 to 100 units
📉 Minimum ETFs Trade Size
1 ETF	Variable - From 1 to 100 units
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (Eg: 0.01 BTC)	Variable (eg: BTC 0.01, ETH 0.1)
📉 Minimum FX Trade Size
$1,000 (0.01 lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies per commodity (Eg 0.1 for WTI, 1 for Cotton)	Variable (eg: 1 ounce of gold)
📉 Minimum Bonds Trade Size
1 Bond	10 units
📈 Minimum Futures Trade Size
Varies per futures contract (Eg: 0.1 Copper, 1 for Bonds)	Unavailable
📉 Minimum Options Trade Size
Unavailable	10,000 FX Option contracts
💪 Retail Leverage
30	30
💪 Professional Leverage
500	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
No	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
Yes	No
👬 Copy Trading
Yes	No
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	No
Fees
💰 Inactivity Fee
None	$50 per quarter after 3 months of inactivity.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
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)	None
Spreads
📈 EUR/USD
Dynamic - From 0.6 Pips	Dynamic - From 0.9 Pips
📉 SP500
Dynamic - From 60 Pips	Dynamic - From 50 Pips
📈 GOLD
Dynamic - From 60 Pips	Dynamic - From 34 Pips
📉 TSLA (Stock CFD)
Dynamic - From $13	Dynamic - From $1.92
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Dynamic - From $226.4	Dynamic - From $137.31
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
No	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
No	Yes
📡 Live Chat Support
No	Yes
📡 Video Tutorials
No	No
📡 Account Management
No	No
📡 Webinars
No	No