SVSFX Review

What is SVSFX?

SVSFX, an online financial trading platform, specializes in FX and CFDs trading for retail and institutional clients. The company was established in 2003 by SVS Securities PLC, a London-based financial trading firm.

In fact, institutional clients are one of SVSFX's main leads and proficiencies. SVSFX is a regulated trading specialist and offers a wide range of products to all parties in the financial world. All services and products are custom-made, and include strong support, execution policyfor Hedge Funds and Money Managers, Partners, and retail clients.

Their highly sought-after SVSFX electronic trading, or API is another powerful feature. It uses integration based on FIX 4.4 protocol and it is extremely comprehensive. The SVSFX offer seems attractive to professional traders or traders with larger capital. However, you can still see the details and learn more about the benefits that might suit your needs.

Broker: SVSFX

Minimum deposit: 500 US$

Leverage: 1:30

Regulator: FCA

Year: 2003

Platforms: MT4

HQ: UK


SVSFX licenses:

  • SVS Securities Plc Authorized by FCA UK Registration no. 220929 in administration

We recommend that you read the complete SVSFX review. Also, keep checking for any updates regarding SVSFX.

Overview

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

  • FCA-regulated

  • Choice of trading platforms

  • MT4 available

  • Low initial deposit


Cons

  • Relatively high spreads on standard accounts

  • No Islamic accounts


Rating of the company overall

  • Reliability ⭐⭐⭐

  • Platform ⭐⭐⭐⭐

  • Commissions ⭐⭐⭐

  • Support ⭐⭐⭐

  • Financial instruments ⭐⭐⭐

RATING: 3.1

Is SVSFX a scam or safe?

SVSFX is a trade name for SVS Securities Plc and has been registered under 220929 with the Financial Conduct Authority, UK. SVS Securities Pl is also a member the London Stock Exchange.

The company regulatory status indicates that all procedures comply with the rules as required by regulatory authorities. However, the organization's activities are fully compliant to ensure reliability and protection.

Safety guarding is also required by the regulation. This means that client funds must be kept in a segregated account. They should be monitored internally and externally to ensure maximum account holders' protection. The Financial Services Compensation scheme (FSCS) coverage is probably the most important for funds safety.This will protect your interests in the event of company bankruptcy.

Trade Platforms

The broker currently uses one trading platform which is MT4. It's the most widely used in the world, and it's available via desktop, web, and mobile apps . It's not necessary to tell you a lot about MT4, as it has been the most popular platform for traders for years. The reason MT4 is chosen by brokers is its high performance and many tools that help increase execution success. SVSFX MT4 offers advanced charting tools with detailed technical analysis and personalized Expert Advisors (EAs).

The broker did not offer many tools but only a few to help traders find trading opportunities. The list includes Margin Calculator, Historical Exchange Rate Tool (calculates the exact amount required to make a trade), Pip Calculator which allows better risk management and measures the value per pip per account currency), and Profit Calculator which helps to calculate potential profit or loss.

Trade Products

SVSFX acts in the role of a market maker, and deals with clients as principals in relation to Margin Trading. All transactions are executed only and are performed OTC or Over-The Counter, not on a regulated exchange.

The overall trading instrument range is more than 50 Foreign Exchange (FX), which has been recently enhanced and completes the full suite of products. The Contracts for Difference trading (CFD), is another pillar. It includes all the most popular global indexes, commodities and energy products, as well as precious metals.

Since they only offer the most popular trading instruments, the company doesn't stray too far from the best. Spreads can vary depending on the client's account balance and proficiency level. You have two options: fixed or floating spreads. Compare spreads from SVSFX to see a comparison.

Leverage

The majority of Forex brokers offer margin trading. This allows you to trade positions that are larger than your account balance. Margin-based trading has obvious advantages. You can potentially make more profit, but you also have the chance to lose your account. The FCA has recently issued stricter regulations to UK licensed brokers in recognition of this risk. The maximum leverage you can use is 1:30 for major currency pairs and 1:20 for minor currencies pairs , as well as lower amounts for other instruments.

SVSFX Payment Methods

The SVSFX covers all the popular money transfer tools and methods to fund your account. The account funding area is secured and requests are processed quickly. Payment methods include Credit/Debit Cards payments (MasterCard Visa, Maestro or Visa Electron),popular e-wallets Skrill and Neteller, as well as bank transfer.

The minimum deposit for the Standard Account is 500$. This is an affordable minimum that traders of different sizes can use to allow them to offer competitive terms.

The broker covers the withdrawal and deposit fees for various payment methods. This is because SCSFX strives to be transparent and keep clients' costs low. There are however a few that may incur additional fees. Deposits by Credit Card or Neteller will incur an additional 2%, and 4.4% respectively. Neteller withdrawals require an additional 2 percent and 20% via Credit Card.

You should also consider overnight funding and swap fees, which are charged if you hold positions for more than 24 hours. The SVSFX also offers Islamic Account, which allows traders to trade according to Sharia law.

Conclusion about SVSFX

The SVSFX is a trusted broker with 15 years experienceoffering trading on various FX currency pairs as well as a range of CFDs. Although the main focus of the company is on institutional clients and their wide range of solutions, retail clients can still reap the benefits. A mainstay platform MT4 allows traders of all strategies and styles to find a way to success. Brokers also have the advantage of a low initial deposit, quick executions, competitive pricing, and transparent and easy fund options.

We would love to hear your opinion on SVSFX. Please share your experiences, read the latest news by the tad, and contact us for more information

Important Update on SVSFX

Since August 2019, trading broker SVSFX has, upon application of the Board of Directors , entered into Special Administration of SVS Securities PLC.

If you have an account with SVSFX, you will be contacted to get further information or updates.