Updated Oct 20 2022
Overview | |
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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. |
TMGM is an Australian broker specialised in financial derivatives known as contract-for-differences (CFDs). Operating since 2013, TMGM provides trading in forex, stocks, indices, cryptocurrencies and commodities. |
Best For | |
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Licenses | |
Financial Regulation Regulated Top-tier Licenses 1 Other Licenses 2 Provided by |
Financial Regulation Regulated Top-tier Licenses 1 Other Licenses 2 Provided by |
🏛 Financial Regulators | |
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The Good | |
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The Bad | |
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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 | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
1965 | 2013 |
💳 Minimum Deposit Range | |
From $100 to $10,000 | $100 |
💰 Payment Methods | |
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💵 Account Base Currencies | |
3 - EUR, USD, GBP | 6 - EUR, USD, GBP, AUD, NZD, CAD. |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
US, BE, CN, SG, CH. |
US. |
📊 STP Account | |
No | Yes |
📊 DMA Account | |
No | Yes |
📊 ECN Account | |
No | Yes |
Banking License | |
No | No |
Debit Card | |
No | No | Assets |
📚 Assets Type | |
CFDs | CFDs |
Total Asset Offering | |
5,174 | 12,091 |
Exchange Access | |
0 | 0 |
📙 Real Stocks | |
0 | 0 |
📙 Stock CFDs | |
5,000 | 12,000 |
📘 Currency Pairs | |
0 | 0 |
📘 Currency Pair CFDs | |
60 | 55 |
📗 Commodities | |
0 | 0 |
📗 Commodities CFDs | |
17 | 6 |
📕 Indices | |
0 | 0 |
📕 Indices CFDs | |
20 | 15 |
📔 ETFs | |
0 | 0 |
📔 ETFs CFDs | |
19 | 0 |
💸 Cryptocurrencies | |
0 | 0 |
💸 Cryptocurrency CFDs | |
5 | 15 |
📒 Bonds | |
0 | 0 |
📒 Bonds CFDs | |
8 | 0 |
📓 Options | |
0 | 0 |
📓 Options CFDs | |
0 | 0 |
📗 Futures | |
0 | 0 |
📗 Futures CFDs | |
45 | 0 | Trading Experience |
📈 Minimum Stock Trade Size | |
1 Share | 1 Share |
📉 Minimum ETFs Trade Size | |
1 ETF | Unavailable |
📈 Minimum Crypto Trade Size | |
Varies by Cryptocurrency (Eg: 0.01 BTC) | Varies per Cryptocurrency (Eg: 0.01 BTC) |
📉 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) | Varies per Commodity (0.01 lots for gold, 1 lot for Crude Oil) |
📉 Minimum Bonds Trade Size | |
1 Bond | Unavailable |
📈 Minimum Futures Trade Size | |
Varies per futures contract (Eg: 0.1 Copper, 1 for Bonds) | Unavailable |
📉 Minimum Options Trade Size | |
Unavailable | Unavailable |
💪 Retail Leverage | |
30 | 500 |
💪 Professional Leverage | |
500 | Unavailable |
✍ Customisable Leverage | |
No | Yes |
🎲 Deleveraged Trading | |
No | Yes |
🎓 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 | No |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
Yes | No |
👫 Social Trading | |
Yes | No |
🔑 Guaranteed Stop-loss | |
No | No |
🔨 Trailing Stop-loss | |
Yes | Yes | Fees |
💰 Inactivity Fee | |
None | $30 fee if there is no activity for 6 months or if the account balance falls below $500. |
💰 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) |
Yes, from $3.5 per lot round turn |
Spreads |
📈 EUR/USD | |
Dynamic - From 0.6 Pips | Dynamic - From 0 pips |
📉 SP500 | |
Dynamic - From 60 Pips | Dynamic - From 30 Pips |
📈 GOLD | |
Dynamic - From 60 Pips | Dynamic - From 11 pips |
📉 TSLA (Stock CFD) | |
Dynamic - From $13 | Dynamic - From $0.48 |
📈 XLK (ETF - CFD) | |
Unavailable | Unavailable |
📉 BTC | |
Dynamic - From $226.4 | Dynamic - From $32 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | Yes |
🗓 Economic Calendar | |
No | Yes |
📜 Integrated Newsfeed | |
No | Yes |
📡 Reuters Feed | |
No | No |
📡 Educational Content | |
No | No |
📡 Live Chat Support | |
No | No |
📡 Video Tutorials | |
No | No |
📡 Account Management | |
No | No |
📡 Webinars | |
No | No |