ovex review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Ovex is a South African crypto exchange with a Canadian entity that suits you if you want to trade without paying a commission. Taker and maker fees are both 0%, placing it top of the taker fee ranking, and you can fund by bank transfer and stake your coins.
Key facts
- Best for
- Trading crypto without a commission and holding coins you want to stake.
- Taker fee
- 0%↗
- Coins listed
- 62↗
- Regulators
- FINTRAC, FSCA↗
- Fiat deposit methods
- Bank↗
- Maker fee
- 0%↗
- Withdrawal fee
- BTC 0.00015↗
- Exchange type
- Cex↗
- Legal entity
- Chameleon Capital Canada Inc↗
- Headquarters
- South Africa↗
- Founded
- 2019↗
- Support channels
- Help-centre↗
- Features
- Custodial, Staking
- Official website
- ovex.com
Brokers
- Markets
- Crypto, Forex↗
- Deposit and withdrawal fees
- Deposits free; variable network withdrawal fees↗
- Platforms
- OVEX API↗
- Pricing model
- Commission-free
Facts checked September 26, 2026, 7 sources
Apps and profiles
- Elsewhere
- LinkedInXt.mefacebook.com
Pros and cons
Pros
- Trading is commission free, with a taker fee of 0% and maker fee of 0% on the exchange account
- Regulated in South Africa by the FSCA and in Canada by FINTRAC under licence C100001157
- You can stake, and the account is custodial, so the exchange holds your coins
- Fiat deposits are free, and 62 coins are listed with a forex market too
Cons
- The list of coins is narrower than most rivals at 62
- Help runs on help centre only, so there is no live chat or phone line
- Crypto withdrawals pass on a variable network charge, such as BTC 0.00015 for bitcoin
Who it suits
- You want to buy and sell crypto without a trading commission
- You hold South African rand or Canadian dollars and can pay by bank transfer
- You want to earn staking rewards on coins you already hold
Who should look elsewhere
- You need the long tail of altcoins, since only 62 are listed here
- You want to self custody, as accounts here are custodial
- You prefer live chat or phone support, since help runs on help centre only
Fees and FX
Trading on the exchange costs nothing: the taker fee is 0% and the maker fee is 0%, which is the same under the commission free model Ovex uses. That compares with taker fees of 0.25% to 1.99% at bunq, 1% at eToro and 2.25% at Vivid Plus. Moving money off the platform is where a cost appears, since deposits are free while withdrawal fees vary with the network, at BTC 0.00015 for bitcoin.
How ovex compares
9.1 vs 9.5
9.1 vs 9.3
9.1 vs 9.4
9.1 vs 9.4
9.1 vs 8.5
9.1 vs 9.4
9.1 vs 8.7
9.1 vs 9.2eToro charges a taker fee of 1% and covers a wider range of coins than 62
9.1 vs 9.4
9.1 vs 8.7
9.1 vs 9.3
9.1 vs 9.0
9.1 vs 9.0
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9.1 vs 9.0
9.1 vs 8.6
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9.1 vs 9.0
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 8.9
9.1 vs 8.5
9.1 vs 8.4- 9.1 vs 8.0
Where ovex is available
- Licence in Canada
- FINTRAC (C100001157), checked September 26, 2026
- Licence in South Africa
- FSCA, checked September 26, 2026
Frequently asked questions
How much does it cost to trade on Ovex?+
Trading itself is free. The taker fee is 0% and the maker fee is 0%, so buying and selling costs nothing under the commission free model. Rival exchanges often charge: bunq takes 0.25% to 1.99% and eToro takes 1% on the same trade.
What does it cost to withdraw crypto?+
Deposits are free, but withdrawals pass on a variable network fee, since each blockchain charges its own amount. A bitcoin withdrawal, for instance, costs BTC 0.00015. Trading fees stay at 0% either way, so withdrawal cost is the one charge to plan for.
How do I deposit money in fiat?+
Fiat deposits are made by bank transfer, and they are free. Card and wallet options are not listed, so having a bank account set up in your own name makes funding straightforward. Once the money lands, you can move between fiat and the coins you hold.
Is Ovex regulated?+
Yes. Ovex is registered with the FSCA in South Africa and with FINTRAC in Canada, where the legal entity is Chameleon Capital Canada Inc under licence C100001157. The entity is headquartered in South Africa, with 2019 as its founding year.
Can I earn anything on the coins I hold?+
Staking is supported, so coins that qualify can earn a return while you hold them. Accounts are custodial, which means Ovex holds the coins on your behalf rather than you holding keys yourself. That suits anyone who wants staking without managing a wallet.
What can I actually trade on Ovex?+
The exchange is a centralised one covering crypto and forex, with 62 coins listed and staking available. You can also reach the platform through the OVEX API if you run your own scripts. Many smaller altcoins are not on the list.
How do I get help if something goes wrong?+
Support runs on help centre only, so you answer your own questions from the articles there. There is no live chat or phone line listed. If a deposit or withdrawal stalls, the help centre is the place to check its status.
How does Ovex compare with eToro or Vivid Plus on cost?+
Ovex charges 0% on a trade, while eToro charges 1% and Vivid Plus charges 2.25%. Ovex also lists fewer coins at 62 than the site median, so the saving is in the fee rather than the range of assets on offer.
Sources
- ovex.com checked September 26, 2026
Backs: Platforms
“Automate Operations with the OVEX API”
- ovex.com/en/assets checked September 26, 2026
Backs: Coins listed
“62 assets - Listed Assets on Buy and Sell / RFQ product”
- ovex.com/en/buy-and-sell checked September 26, 2026
Backs: Exchange type, Features, Headquarters, Legal entity, Markets, Regulators, Licences
“Buy and Sell with your wallet balance - custodial RFQ exchange”
- ovex.com/en/fees checked September 26, 2026
Backs: Deposit and withdrawal fees, Maker fee, Pricing model, Taker fee, Withdrawal fee
“Deposit fees Zero All rails”
- support.ovex.io checked September 26, 2026
Backs: Support channels
“Submit a Ticket - Help Center”
- support.ovex.io/deposits-withdrawals checked September 26, 2026
Backs: Fiat deposit methods
“HOW DO I DEPOSIT FIAT CURRENCY INTO MY OVEX ACCOUNT”
- cryptowisser.com/exchange/ovex checked September 26, 2026
Backs: Founded
“has been up and running since February 2019”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.