FOREX CFDs
Oval Markets offers access to the foreign exchange market exclusively through Contracts for Difference (CFDs), allowing clients to trade on currency price movements without owning the underlying currencies.
Forex CFD trading is provided on an execution-only basis within a regulated framework under the Securities Dealer Licence (SDL) issued by the Financial Services Authority of Seychelles (FSA).
Trading Hours
Forex CFDs may be traded 24 hours a day, five days a week, subject to market conditions, liquidity, and instrument availability. Trading hours displayed on the trading platform are based on server time and may vary during public holidays or periods of reduced market liquidity
How Forex CFDs Work
Forex CFDs enable clients to speculate on the price movement of one currency against another without taking delivery of the underlying currencies. Any profit or loss is determined by the difference between the opening and closing prices of a position.
Forex CFD trading involves the use of leverage, which can amplify both gains and losses. As a result, Forex CFDs carry a high level of risk and may result in losses exceeding the initial investment. Clients should ensure they fully understand how Forex CFDs work and consider whether they can afford the associated risks before trading.
Fees, Spreads and Leverage
Trading Forex CFDs may involve spreads and other trading-related fees, which are variable and depend on market conditions, liquidity, the selected currency pair, and the type of trading account.
Forex CFDs are margin-based and leveraged products. Leverage allows clients to gain greater market exposure with a smaller initial margin; however, it can amplify both gains and losses and may result in losses exceeding the initial investment.
Detailed information on applicable fees, spreads, leverage limits, and margin requirements is available within the trading platform and the relevant contractual documentation.