OvalX Minimum Deposit

The OvalX Minimum Deposit is $250. This is average when compared to other brokers’ minimum deposit fees, making it accessible to beginner and smaller retail traders.

OvalX at a glance

Overall Rating

• 3.4/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 250

Regulators

FCA, CySEC

Trading Platform

MT4, OvalX Trading Platform

Crypto

Yes

Total Pairs

79

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Choose your quick section of our OvalX Minimum Deposit below.

OvalX Minimum deposit – 9 key points quick overview:

1. OvalX at a glance
2. OvalX Minimum deposit – 9 key points quick overview:
3. OvalX Minimum Deposit
4. OvalX Deposit fees and deposit methods
5. OvalX Step by step guide to depositing the Minimum amount
6. OvalX  Customer Reviews
7. OvalX Pros and Cons
8. Conclusion  
9. Frequently Asked Questions

Here is our overview of the OvalX Minimum deposit as well as the pros and cons as well as features that are offered to traders.

OvalX Minimum Deposit

The minimum deposit amount required to open a broker account with OvalX is $250 or the currency equivalent.

This is a relatively standard minimum deposit requirement when compared to most other brokers in the industry and should not present too high a barrier of entry to most new traders.

OvalX Deposit fees and deposit methods

OvalX provides a wide variety of popular deposit methods which consist of the following:

In terms of deposit security, OvalX uses the internationally accepted security protocol 3-D Secure which is designed to be an additional security layer for online credit and debit card transactions by using XML messages sent over SSL connections with client authentication.

The protocol operates automatically, and, in most instances, clients are asked to confirm the transaction by adding a password or a code provided via text message by the issuing bank.

With regards to deposit currencies, MT4 Account holders can deposit in USD, GBP, and EUR, while TraderPro Account holders can deposit in most major currencies.

Still, traders depositing in smaller currencies such as ZAR/Rand will have to check with the broker’s account department with regard to possible conversion fees.

The broker does not charge deposit fees. OvalX will offer each client five withdrawals for any amount over £100 within each calendar month without a processing fee.

However, due to fees, ETX incurs in processing the withdrawals by the banks, clients who withdraw funds more than five times in this period will incur a charge of £10 for each successive withdrawal – clients will not be charged retroactively for the previous five.

Withdrawals below £100 will also be charged £10. Clients will be charged only once if their withdrawal meets both above criteria.

OvalX Step by step guide to depositing the Minimum amount

Depositing into your account with OvalX consists of the following steps:

Step 1 – Log into your account

At most brokers, you can open your trading account online. To open an account, you have to provide your personal details, like your date of birth or employment status, and there is also usually a test about your financial knowledge. The last step of the account opening is the verification of your identity and residency.

For this verification, you usually have to upload a copy of your ID card and a document that validates your proof of residence, for example, a bank statement.

If you don’t know which broker is suitable for you, use our broker selector tool.

Step 2 – Make the deposit

First, you have to sign in to your already opened trading account and find the depositing interface. After this, you select one of the deposit methods the broker supports, enter the deposit amount and make the deposit.

The deposit methods can be one or more of the following:

• Bank transfer (sometimes called wire transfer): you have to add your bank account number in the deposit interface. The bank account has to be in your name. After this, you need to start a bank transfer from your bank. The broker will give you a reference number that you’ll have to enter as a comment in your transaction. This will allow them to identify your deposit.

• Credit or debit cards: just as with a normal online purchase, you are required to enter the regular card details. However, unlike any other online purchase, it’s required to use a card that’s in your name. In some cases, you’ll also need to verify your card by scanning it and sending it to the broker. This is yet another anti-money laundering measure on their end. Card payment is usually the preferred and most convenient way of depositing. On the other hand, some brokers define a cap for card deposits, so for a larger amount, you might have to use a bank transfer.

• Online wallets like Paypal, Skrill, Neteller, etc.: work just like any other online purchase. The interface of the wallet will pop up where you’ll have to enter your credentials (username and password) and carry out your transaction.

Step 3 –Review your transaction

Click on the ‘Add Funds’ button

Follow the on-screen instructions

Overall Rating

• 3.4/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 250

Regulators

FCA, CySEC

Trading Platform

MT4, OvalX Trading Platform

Crypto

Yes

Total Pairs

79

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

OvalX  Customer Reviews

Great customer service

I asked 4 different questions from different areas and I got a very detailed and easy-to-understand response. Well done and keep the customer service in that manner.

Efficient and trustworthy service

I have been with OvalX for a number of years now. I have found their tools easy to work with and the platform handles trades well at fair prices. ETX Capital provides good FX training courses and also has a friendly and helpful customer service team.

Great start to working with your…

Great start to working with your company, seamless start.

Thank you.

OvalX Pros and Cons

Conclusion  

The OvalX Minimum Deposit is $250. This is average when compared to other brokers’ minimum deposit fees, making it accessible to beginner and smaller retail traders.

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Frequently Asked Questions

What is the minimum deposit for OvalX?

The minimum deposit amount required to open a broker account with OvalX is $250 or currency equivalent.

This is a relatively standard minimum deposit requirement when compared to most other brokers in the industry and should not present too high a barrier of entry to most new traders.

How do I make a deposit and withdrawal with OvalX?

Popular methods include:

• Bank Wire Transfer
• Credit & Debit Cards
• China UnionPay
• Giropay
• Neteller
• PayPal
• Skrill
• Sofort

Are my deposits safe with OvalX?

Yes. OvalX uses the internationally accepted security protocol 3-D Secure to safeguard client’s deposits

Does OvalX charge withdrawal fees?

OvalX does not charge additional deposit or withdrawal fees, though a fee may be charged by your selected payment processor which is not covered by OvalX.

How long does it take to make a withdrawal?

OvalX always endeavors to process client withdrawals within 2 business days.