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SVSFX SVSFX Review

SVSFX Forex Broker Review and Comparison
3.1 RATING
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Trading Accounts

 

Account type/Platform  Minimum deposit  Minimum trade size  Maximum leverage Average Spread
WebTrader Mini $1 0.01 1:400 2.5 pips on EUR/USD
WebTrader Standard  $100 0.1  1:400 1.7 pips on EUR/USD
WebTrader VIP $25 000 0,1 1:400 1.0 pips on EUR/USD
MT4 Plus $1 0.01 1:400 1.9 pips on EUR/USD
MT4 Pro  $25 000 0.1 1:400 Raw interbank + commission

 

Clients of SVSFX can sign up for one of 5 available account types, available on WebTrader and MetaTrader 4. All account types offer floating spreads with market execution, leverage up to 1:400 and are commission-free, except for the MT4 Pro.


Of course, there are free demo accounts, intended for inexperienced traders, as well as micro lots for trade.


In addition, SVSFX’s clients may opt for fully Managed FX Account, focused on generating consistent & reliable positive returns.


This broker, however, offers no Swap-free accounts designed for clients of Islamic belief.


The Company. Security of Funds


Founded in 2003 and located in the heart of London's financial district, SVSFX is a leader in online financial trading, specialising in FX and CFDs across both retail and institutional sides. It has a global presence across Europe and the Asia Pacific regions.


SVSFX is a trading name of SVS Securities PLC, which is authorised and regulated by the Financial Conduct Authority (FCA), and is also a member of the London Stock Exchange.


FCA is famous for the strict rules and supervision it applies to license holders. For instance, UK brokerage firms are obliged to hold at least €730 000 in order to prove their financial stability. What is more, SVSFX is subject to the client money rules set by UK’s financial watchdog and keeps all client money separated from the company`s own funds into segregated accounts.


Probably most important with regard to safety of funds invested in FCA-regulated FX brokers is the Financial Services Compensation Scheme (FSCS) coverage. In the event of a company insolvency, FSCS is able to cover your investment loss up to a maximum of £50,000.


Trading Conditions


Minimum Initial Deposit

There is no minimum deposit for opening or maintaining a trading account with SVSFX, which is quite attractive, as most brokers require some initial amount to start with. In comparison, HY Markets require $50, and FxPro - $500. Still, you need to have some funds in your account in order to initiate a trade.


Average spreads & Commissions

SVSFX offers floating spreads, which vary by account category. The average ones on the MT4 platform amount to 1.9 pips on EUR/USD and the ones on the WebTrader Standard account are averaged 1.7 pips on EUR/USD, which are both comparatively high values. Tighter attractively low spreads, averaged 1.0 pips on EUR/USD are offered on the WebTrader VIP account, however it requires high initial deposit.


In comparison, FCA-regulated Trading212 provides variable spreads amounting to 0,9 pips on EUR/USD on its commission-free accounts. For further information, you may look up and compare real-time spreads of 15 leading brokers may be viewed here


Leverage
The maximum leverage rates at SVSFX are up to 1:400. Such leverage is considered comparatively high, although many other FCA-regulated brokers offer similar or higher leverage rates. For instance, HY Markets offers leverage up to 1:300, and FxPro - up to 1:500. More forex brokers offering leverage equal to or exceeding 1:500 can be viewed here.


Please, be advised that higher leverage ratios may multiply your earnings on a small deposit, but they may also lead to heavy losses, exceeding initial investments.


Trading Platforms


When trading with SVSFX, you will be offered their  SVSFX WebTrader and the popular Metatrader 4 (MT4).


SVSFX WebTrader is an all-in-one solution with cutting edge tools and technology and more than 50 products to choose from: forex, gold, oil or the world’s major indices and stocks. Since it is a web-based platform, it requires no installation and you can access your account from anywhere.

 


Like most forex brokers, SVSFX supports the popular MT4 trading platform. It is preferred by most experienced traders, because it is equipped with an advanced charting package, a number of technical indicators, extensive back-testing environment and a variety of Expert Advisors (EAs). It comes in as PC, web and mobile versions.


Here is a list of more forex brokers offering MT4 platform.


What is more, SVSFX has partnered with Tradeworks in order to provide its clients with advanced algo-trading options. Tradeworks is a trading tool where you can design and deploy your trading strategies, without having to worry about programming EAs. It is fully web based and complements your existing SVSFX MT4 trading platform.


Promotions
At the time of writing this review, the broker offers the following lucrative bonuses:


- Welcome bonus on first deposit up to $ 5000, for Initial deposits of a minimum of $100;


- Refer-a-Friend bonus up to $ 5000, depending on the referred person’s first deposit amount.


Methods of Payment


Clients of SVSFX can make deposits to and withdrawals from their accounts via credit/debit cards, (Visa, MasterCard, Maestro), bank wire, Skrill, Neteller, NETBANX, SmartPay and Gate2shop.


Conclusion


SVSFX is a reliable and well-regulated STP broker, offering trading in various currency pairs and CFDs. In a nutshell, here are the advantages and disadvantages with regards to this broker:

 

Pros Cons
FCA-regulated Relatively high spreads on standard accounts
Choice of trading platforms No Islamic accounts
MT4 available  
Low initial deposit  

 

Latest news about SVSFX

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