Overview of Oval Capital
Oval Capital is a trading broker established in 2014 and headquartered in Hong Kong. The broker offers a wide range of trading instruments including Forex, CFDs, metals, cryptocurrencies, and equities, providing traders with various opportunities to diversify their portfolios. With three types of trading accounts—ECN Account, Micro Account, and Standard Pro Account. It supports multiple deposit and withdrawal methods, ensuring convenience for its clients. The trading platforms offered by Oval Capital include MT4 for PC,MT4 Mobile, and the proprietary Oval Capital Apps, allowing traders to access their accounts across different devices. However, the broker operates without any financial regulatory oversight.
Is Oval Capital Legit？
There is no official financial regulatory body that oversees Oval Capital. The risks of trading and investing through this broker may rise as a result of the lack of regulation, which implies that there is no supervision guaranteeing Oval Capital complies with the rules and practices of the financial industry. Prospective customers must to proceed with caution and take into account the increased risk involved in doing business with an unlicensed organization.
Pros and Cons
Oval Capital offers a range of trading instruments and flexible trading platforms, but the lack of regulation poses significant risks. The broker supports multiple deposit and withdrawal methods and provides various account types. However, the absence of regulatory oversight and insufficient information on certain aspects such as spreads and commissions are major drawbacks.
Trading Instruments
Oval Capital offers trading in Forex, CFDs, metals, cryptocurrencies, and equities. This variety allows traders to access multiple markets within a single account.
Here is a comparison table of trading instruments offered by different brokers:
Account Types
Oval Capital offers three types of trading accounts:
1. ECN Account: This account type typically provides direct access to the market with lower spreads and faster execution speeds.
2. Micro Account: Suitable for beginners or those who want to trade smaller amounts with lower risk.
3. Standard Pro Account: Designed for more experienced traders, offering standard features with competitive conditions.
Leverage
Oval Capital offers a leverage of 1:200. This leverage remains constant regardless of changes in the trader's account balance, market conditions, or time of day.
Here is a comparison table of maximum leverage offered by different brokers:
Deposit & Withdraw Methods
Oval Capital supports various deposit and withdrawal methods including Visa, MasterCard, Fasapay, BCA, Mandiri, BNI, Bank BRI, and local exchangers.
Trading Platforms
Oval Capital provides trading platforms including MT4 for PC, MT4 Mobile, and Oval Capital Apps. These platforms offer flexible trading options across various devices.
Trading Tools
Oval Capital provides copy trading/social trading tools, allowing investors to choose suitable fund managers to follow and replicate their trades. This feature facilitates easier investment management by leveraging the expertise of experienced traders.
User reviews
User 1: “Ive been trading with Oval Capital for a while now. I like that they offer a range of instruments like Forex and cryptocurrencies. The MT4 platform is easy to use, even on my mobile. However, the fact that they aren't regulated makes me a bit uneasy. I also wish they were more transparent about their spreads and commissions.”
User 2: “Started using Oval Capital recently. The leverage of 1:200 is pretty good, and the deposit process through Visa was hassle-free. The copy trading feature is a nice touch too. But, I do worry about the lack of regulation and the potential risks that come with it. Overall, its been a mixed experience so far.”
Conclusion
To accommodate different kinds of traders, Oval Capital offers a wide range of trading instruments and adaptable platforms. One major drawback, though, is the absence of regulatory control, which raises questions over the security and safety of customer cash. Before working with this broker, traders should exercise caution and conduct in-depth research.
FAQs
Is Oval Capital regulated？
No, Oval Capital is not regulated by any recognized financial regulatory authority.
What trading instruments does Oval Capital offer？
Oval Capital offers Forex, CFDs, metals, cryptocurrencies, and equities.
What types of accounts does Oval Capital provide？
Oval Capital offers ECN Account, Micro Account, and Standard Pro Account.
What is the maximum leverage offered by Oval Capital？
The maximum leverage offered by Oval Capital is 1:200.
What are the deposit and withdrawal methods supported by Oval Capital？
Oval Capital supports Visa, MasterCard, Fasapay, BCA, Mandiri, BNI, Bank BRI, and local exchangers.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.
