ETX Spreads, leverage, minimum deposit Revealed

Registered Country/Region	United Kingdom
Regulation	FCA
Minimum Deposit	$100
Maximum Leverage	1:200
Minimum Spreads	0.7 pips for the EUR/USD pair
Trading Platform	MT4 trading platform
Demo Account	Yes
Trading Assets	Forex, indices, stocks, CFDs, commodities
Payment Methods	Bank Wire transfer, internet wire transfer, VISA/MasterCard and UnionPay, Skrill, NETELLER
Customer Support	Phone, Email

　　General Information & Regulation

　　EXT Capital have completed a re-branding exercise and it is called “ Oval X”. Oval X is a trading brand of Monecor (London) Limited, company registration number 00851820. As a member firm of the London Stock Exchange, Monecor (London) Limited is regulated by the Financial Conduct Authority (Financial Services Registration Number. 124721).

　　Markets Instruments

　　Oval X offers investors a wide range of tradeable financial instruments, mainly Forex, indices, stocks, CFDs, commodities, etc.

　　Account Types

　　Oval X provides two account types in line with trading platforms it offes, the Trader Pro and the MT4 account. The minimum initial deposit to open an account required by ETX Capital is $100, which is relatively low for the industry, making the broker attractive to those new beginners with limited initial capital.

　　Leverage

　　Oval X offers traders 7 currency pairs with leverage up to 1:200, indices with leverage of 1:20, stocks with leverage of 1:5, gold with leverage of 1:20, silver, copper, and platinum with leverage of 1:10.

　　Spreads & Commissions

　　The minimum spread for EURUSD is 0.7 pips, for EURJPY 0.9 pips, for GBPUSD 0.9 pips, for UK indices 1 pip, for Wall Street indices 1 pip, for gold 0.4 pips, for silver 0.03 pips, for copper 0.4 pips, for platinum 2.0 pips, for crude oil 0.03 for crude oil and 0.02 for natural gas. Commissions are 0.1% per deal for the UK and European stock trades, 2 cents per share for US major and minor stock trades, and 0.2% per deal for Australian stock trades.

　　Trading Platforms

　　Oval X offers two types of trading platforms. There is the MetaTrader 4 and the own developed ETX Trader Pro. Both software is available for any device. Traders can use their computer, smartphone, or tablet. There is not so much difference between the MetaTrader 4 and the ETF Trader Pro. Both software come with multiple chart types, technical indicators, and customizable tools.

　　Deposit & Withdrawal

　　Oval X supports deposits via bank wire transfer, internet wire transfer, VISA/MasterCard and UnionPay, Skrill e-wallet, NETELLER e-wallet without commission, and ETX Capital offers its clients 5 withdrawals per month (calendar month) for amounts over $100 without commission. However, as ETX Capital has to pay a fee to the bank for the execution of the withdrawal request, a fee of $25 per withdrawal will be charged to clients who make more than 5 withdrawals - but not for the first five withdrawals.

　　Educational Resources

　　Oval X regularly publish insightful webinars, blogs, news, and analysis to help you better understand the market and refine your investment strategies.

　　 Customer Support

　　If potential clients or existing clients encounter some problems during their trading process, they can reach out to this Oval X through the following contact channels:

　　Telephone: +44 (0)207 392 1434, +44 (0)207 392 1400

　　Email:customer.service@ovalx.com

　　Customer service open Monday to Friday: 7:30 am to 9 am UK time, trading

　　Or you can also follow this broker on some social media platfroms, such as Facebook, Twitter, Youtube, Linkedin and Telegram.

　　Pros & Cons

Pros	Cons
FCA-regulated	Average spreads
MT4 trading platform available	Withdrawal fees applied after 5 withdarwals
High leverage up to 1:200
Multiple payment methods
Two types of trading accounts
Additional educational resources
Online support

　　Frequently Asked Questions

　　 What is the minimum account deposit？

　　The minimum deposit for a new account is £250, card deposit minimums is £100 and no minimum for bank transfers.

　　Can I deposit cash into my account？

　　Oval X does not accept cash deposits due to AML regulations.

　　What is the maximum trading leverage offered by Oval X？

　　The maximum trading leverage offered by ETX Capital is up to 1:200.

　　What trading platform does Oval X provide ？

　　Oval X provides MT4 and a proprietary platform.

　　What spreads can I expect from Oval X？

　　You can expect spread on the EUR/USD pair from 0.7 pips.