OvalX
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73.85% of retail CFD accounts lose money.

Vs.

Vestle
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This broker is no longer active.

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

Updated Oct 20 2022

Visit

73.85% of retail CFD accounts lose money.

Visit

This broker is no longer active.

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.

Vestle was a brand part of the iForex Group that specialised in CFD trading and offered over 600 different financial instruments. Currently they're no longer operative and have rebranded themselves to iFOREX Europe.

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 
  • Beginner traders with little to no experience looking to test a simple platform
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

0

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • FCA (UK)
  • FSCA (South Africa)
  • CySec (Cyprus)
  • CySec (Cyprus)
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
  • Extremely simple platform designed for beginners with little needs
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)
  • 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
Status
Operational Inactive
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 2018
💳 Minimum Deposit Range
From $100 to $10,000 $200
💰 Payment Methods
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • UnionPay
  • Bank Transfer
  • Bank Wire
  • Credit Card
  • Debit Card
💵 Account Base Currencies
3 - EUR, USD, GBP 1 - EUR
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, BE, CN, SG, CH.

US, CA, SY, IR, JP.

📊 STP Account
No Yes
📊 DMA Account
No No
📊 ECN Account
No No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs CFDs
Total Asset Offering
5,174 584
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
5,000 400
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
60 50
📗 Commodities
0 0
📗 Commodities CFDs
17 19
📕 Indices
0 0
📕 Indices CFDs
20 32
📔 ETFs
0 0
📔 ETFs CFDs
19 42
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
5 41
📒 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 $2,500 trade value
📉 Minimum ETFs Trade Size
1 ETF $2,500 trade value
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (Eg: 0.01 BTC) $2,500 trade value
📉 Minimum FX Trade Size
$1,000 (0.01 lots) $2,500 trade value
📈 Minimum Commodities Trade Size
Varies per commodity (Eg 0.1 for WTI, 1 for Cotton) $2,500 trade value
📉 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 30
💪 Professional Leverage
500 500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
No No
📺 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

Vestle charges an inactivity fee of $15 for every quarter of inactivity.

💰 Deposit Fees
None None
💰 Withdrawal Fees
None

No for credit cards but yes for bank wires (up to $20).

💰 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 0.7 Pips
📉 SP500
Dynamic - From 60 Pips Dynamic - From 90 Pips
📈 GOLD
Dynamic - From 60 Pips Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Dynamic - From $13 Dynamic - From $3
📈 XLK (ETF - CFD)
Unavailable Dynamic - From 30 Pips
📉 BTC
Dynamic - From $226.4 Dynamic - From $120
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 No
📡 Video Tutorials
No Yes
📡 Account Management
No Yes
📡 Webinars
No No