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Independent Reserve vs OVEX: fees, licences and P2P

Facts for both companies from their official pages; each was checked on the date shown in its review.

Facts verified on October 28, 2026

Key differences

Only Independent Reserve is licensed by MAS.
Only OVEX is licensed by FSCA.

Side by side

Criterion	Independent Reserve	OVEX
Rating	4.6/5 on other platforms 2.1K ratings	4.7/5 on other platforms 33 ratings
Regulators	MAS	FSCA
Spot trading fees	maker 0.5%, taker 0.5%	—
USDT withdrawal	4 USDT on TRC20, 10 USDT on ERC20	5 USDT on TRC20, 8 USDT on ERC20
Proof of reserves	not published	not published
Deposits and withdrawals	Bank transfer	Bank transfer
Founded	2013	—
	Read review	Read review

Frequently asked questions

Which regulators license Independent Reserve and OVEX?

Independent Reserve is licensed by MAS; OVEX by FSCA.