OvalX Account Types

OvalX offers two main account types for traders: the Standard Account and the Professional Account.

• Standard Account
• Minimum Deposit: $250 (or equivalent in GBP/EUR)
• Maximum Leverage: 1:200
• Spreads: Starting from 0.6 pips for major currency pairs.
• Trading Platforms: Available on both MetaTrader 4 and the proprietary Trader Pro platform.
• Demo Account: Yes, available for testing trading features without risk.
• Islamic Account: Not available.
• Professional Account
• Eligibility Criteria:
• Must hold over €500,000 in liquid assets (excluding primary residence).
• Relevant experience in financial services.
• Have executed at least 10 trades of significant size in the last four quarters.
• Benefits:
• Access to lower trading costs.
• Priority customer support.
• Same-day withdrawals possible.

OvalX Broker Account Opening Process

The process to open an account with OvalX is straightforward and can be completed online. Here are the steps:

• Choose Your Account Type:
• Decide whether you want to open a Standard or Professional Account.
• Add Personal Information:
• Fill out the registration form with your name, date of birth, address, nationality, and employment details.
• Answer security questions to verify your identity and trading eligibility.
• Submit Identification Documents:
• Provide proof of identity (e.g., passport or national ID) and proof of address (e.g., utility bill or bank statement).
• Review and Sign:
• Review the information provided and agree to the terms and conditions by signing the virtual contract.
• Fund Your Account:
• Make the minimum deposit of $250 (or equivalent) through available payment methods such as bank transfer, credit/debit cards, or e-wallets.
• Account Activation:
• Your account will typically be activated within 24 hours, allowing you to start trading.

For more details, visit OvalX.