OvalX Review
29
Review
Fast Facts
Account types
| Standard Account | |
|---|---|
| Minimum Deposit | 250 USD |
| Maximum Leverage | 1:1 |
| Spread from (pips) | |
| Commission per lot (USD) | 0 |
| Minimum Trade Size | |
| Step | |
| Execution Type | |
| Trading Instruments | Stocks, Indices, Commodities, Forex |
| Margin Call | |
| Stop out | |
| Swap Free | |
| Currency | GBP |
Deposits / Withdrawals
- Deposit Methods: Neteller, Skrill, Bank Wire Transfer, Visa, MasterCard, Maestro
- Withdrawal Methods: Visa, MasterCard, Maestro, Bank Wire Transfer, Neteller, Skrill
- Account Currencies: GBP
Contact Info and Support
26 Finsbury Square London EC2A 1DS
Traffic information
| Category | Metrics | Meaning |
|---|---|---|
| Ratings | Global Rank | 7915792 |
| Country Code | - | |
| Country Rank | - | |
| Category Rank | - | |
| Engagement metrics | Visits | 0 |
| Bounce Rate | 0 | |
| Pageviews per Visit | 0 | |
| Avg. Visit Duration | 0 | |
| Estimated monthly visits | July 2025 | 1833 |
| August 2025 | 0 | |
| September 2025 | 0 | |
| Traffic sources | Social | - |
| Paid Referrals | - | |
| - | ||
| Referrals | - | |
| Search | - | |
| Direct | - | |
| Top keywords | moneyoval | 80 ◦ $0 |
About OvalX
The broker operates under the names Monecor (London) Ltd and Monecor (Europe) Ltd and holds regulatory licences as follows: Financial Conduct Authority (FCA) UK reference number 124721; Cyprus Securities and Exchange Commission (CySEC) licence 096/08; and South African Financial Sector Conduct Authority (FSCA) licence 50246. Client funds are held in segregated accounts; UK clients are covered by the Financial Services Compensation Scheme (FSCS) up to £50,000. Leverage offered to retail forex traders is capped at 1:30. Trading platforms include MetaTrader 4 and the proprietary TraderPro platform (also accessible via web and mobile), with social trading via ETX Connect available on selected account types. A minimum deposit of approximately £100 is required for live accounts. There are no deposit fees; withdrawals under $100 incur a $10 fee after five free withdrawals per year. Swap charges accrue overnight at interbank rates plus 1.35% per annum and an inactivity fee of £25 per month applies after 365 days of dormancy.
The broker has ceased operations: services were officially closed on 17 March 2023, with client accounts and assets transferred to Capital.com.
Who it’s for
- Clients seeking a regulated broker with FCA, CySEC and FSCA oversight and fund protection schemes.
- Traders interested in using MT4 or proprietary platforms with social trading support.
- Retail forex traders comfortable with low leverage (1:30) and modest minimum deposit levels.
Pros and cons
Pros
- Regulation by FCA, CySEC and FSCA with segregated client funds and compensation protections.
- No deposit fees and a clear fee structure for withdrawals, swaps and dormancy.
- Access to both MT4 and TraderPro platforms with mobile and web support.
Cons
- Broker has ceased operations as of 17 March 2023 and transferred client relationships to Capital.com.
- Limited leverage (1:30 for retail forex) may not suit high-leverage strategies.
