Oval Capital foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://cabinet.ovalcapital.co/member/register, about the company's legal and temporary regulatory information, the company's address .
Oval Capital Forex Broker
Basic Information
Hong Kong
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
Oval Capital Forex Broker - Complete Information Guide
1. Broker Overview
Oval Capital, established in 2014, is a trading broker headquartered in Hong Kong. The company operates as a private entity, providing services primarily to retail traders and institutional clients. Since its inception, Oval Capital has aimed to cater to a diverse clientele by offering a range of trading instruments, including forex, CFDs, metals, cryptocurrencies, and equities.
The broker has developed significantly since its founding, marking milestones such as the introduction of various account types and trading platforms. Oval Capital operates under the umbrella of Oval Capital International, which emphasizes its commitment to providing innovative trading solutions. The business model focuses on retail forex trading and offers institutional services, making it a versatile player in the financial market.
As a relatively new broker, Oval Capital has positioned itself in the competitive landscape of online trading by leveraging technology and a user-friendly approach to attract traders. The broker is committed to enhancing the trading experience by providing various trading tools and educational resources, although it operates without regulatory oversight, which raises certain concerns among potential clients.
2. Regulation and Compliance Information
Oval Capital currently operates without any official financial regulatory oversight. This lack of regulation is a significant concern for potential clients, as it implies that there is no authoritative body ensuring that the broker adheres to industry standards and practices.
The absence of regulatory licenses means that there are no registration numbers associated with recognized financial authorities. Consequently, clients should exercise caution when trading with Oval Capital, as the risks associated with unregulated trading can be substantial.
The broker does not have a clear customer funds protection policy, nor does it participate in any investor compensation schemes. This further emphasizes the importance of conducting thorough due diligence before engaging with the broker. Additionally, compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is not clearly outlined, raising further questions about the broker's operational integrity.
3. Trading Products and Services
Oval Capital offers a diverse array of trading products, catering to various trading preferences and strategies. The broker provides access to over 50 currency pairs, including major, minor, and exotic pairs. This extensive selection allows traders to engage in forex trading actively.
In addition to forex, Oval Capital offers CFDs on a wide range of asset classes, including:
- Indices: Various global stock indices.
- Commodities: Precious metals like gold and silver, as well as energy products.
- Stocks: Access to a selection of shares from different markets.
- Cryptocurrencies: Trading options for popular cryptocurrencies.
This variety allows traders to diversify their portfolios and take advantage of different market conditions. However, the specifics regarding the frequency of product updates and the introduction of new trading instruments are not well documented.
Oval Capital primarily focuses on retail trading services, catering to individual traders looking to access various financial markets. While the broker does not explicitly mention institutional services or white-label solutions, its trading infrastructure may be suitable for professional clients seeking tailored trading experiences.
4. Trading Platforms and Technology
Oval Capital supports the MetaTrader 4 (MT4) platform, a widely used trading software known for its robust features and user-friendly interface. The broker also offers a proprietary trading platform, which is designed to meet the needs of modern traders.
The trading platforms provided by Oval Capital include:
- MT4 for PC and Mobile: This platform allows traders to access their accounts and execute trades on various devices, ensuring flexibility and convenience.
- Oval Capital Apps: The proprietary platform offers unique features tailored to enhance the trading experience.
The broker operates with a market-making execution model, which means that it acts as the counterparty to trades executed by clients. This model can lead to potential conflicts of interest, as the broker profits from the spread between buy and sell prices.
Information regarding the server locations and technical infrastructure is limited. However, the broker does support API access and automation trading, allowing traders to implement algorithmic trading strategies effectively.
5. Account Types and Trading Conditions
Oval Capital offers several account types to accommodate different trading needs:
- ECN Account: Designed for traders seeking direct market access with lower spreads and faster execution speeds.
- Micro Account: Suitable for beginners or those who prefer to trade smaller amounts with reduced risk.
- Standard Pro Account: Tailored for experienced traders, offering competitive conditions.
- Bank Transfers
- Credit/Debit Cards
- Local Exchangers
- Phone Support
- Email Support
- Online Chat
The minimum deposit requirement is not explicitly stated, which may vary based on account type and trading conditions. Traders can benefit from a leverage ratio of up to 1:200, which allows for increased exposure to the markets.
The broker does not charge a commission on trades, instead opting for a spread-based pricing structure, which can vary depending on market conditions. The specifics regarding overnight fees and margin requirements are not well detailed, necessitating careful consideration by traders.
6. Fund Management
Oval Capital supports various deposit methods, including:
The minimum deposit requirement and processing times may vary based on the chosen method. Deposits are generally processed quickly, while withdrawals may take longer, depending on the method selected.
Importantly, Oval Capital does not impose fees for deposits or withdrawals, which enhances cost efficiency for traders. However, the withdrawal process may be subject to limitations, and any fees incurred would typically be from the payment provider rather than the broker itself.
The lack of detailed information regarding minimum withdrawal amounts and processing times is a consideration for potential clients.
7. Customer Support and Educational Resources
Oval Capital provides customer support through multiple channels, including:
The support team is available during business hours, but specific operating times and language support details are not extensively documented.
The broker offers a variety of educational resources, including webinars, tutorials, and eBooks, to assist traders in improving their trading skills. Market analysis services, such as daily updates and research reports, are also part of the educational offerings.
While the availability of educational resources is a positive aspect, the depth and quality of these materials may vary, and traders should assess their adequacy based on individual learning preferences.
8. Regional Coverage and Restrictions
Oval Capital primarily serves clients in Hong Kong and potentially other regions, although specific information regarding the geographical distribution of its services is limited.
The broker does not accept clients from certain countries, including the United States, Belgium, Canada, Singapore, and Switzerland.
Overall, while Oval Capital has established itself as a player in the forex and CFD market, prospective clients should carefully consider the implications of trading with an unregulated broker and ensure they are comfortable with the associated risks.
In conclusion, while the Oval Capital broker offers a range of trading products and services, the lack of regulatory oversight raises significant concerns regarding the safety and security of client funds. Traders are encouraged to conduct thorough research and consider their options carefully before engaging with the broker.
进无止境
Australia
They are a fraud since I started investing with them before the end of last year, and now that I've been trying to withdraw money from them for more than a month, I keep getting the same response and no money.
37130
2023-03-06