General Information & Regulation
SVSFX is an online broker, specializing on FX and CFDs trading for both retail and institutional clients. The brokerage firm was founded back in 2003 while owned as well operated by SVS Securities PLC located in London (UK). SVSFX is currently authorized and licensed by Financial Conduct Authority in UK, with registration number 220929.
Market Instruments
The general trading instrument range on SVSFX platform comes to more than 50 currency pairs, which been recently improved and completed the full suite of products. Another pillar is CFD trading, which contains all the popular global indices, commodities, energy products and precious metals.
Accounts
SVSFX only offers a standard account, with the maximum deposit of $500, the much higher amount than most brokers require.
Leverage
The maximum leverage offered by SVSFX is only 1:30 for major currency pair, 1:20 for minor pairs and even lower for other instruments.
Spreads & Commissions
There are some spreads details can be noted. The spread on EURUSD is 1.9 pips, which is a little higher than the industry standard (ususally between 1.1 pips to 1.5 pips). The spread on Crude Oil WTI is 4.5 pips, spread on Gold 41 cent.
Trading Platform
SVSFX offers traders the worlds most popular trading platform – MT4, available through desktop, web and mobile apps.
Deposits & Withdrawals
Payment methods offered by SVSFX enclose Credit/Debit Cards (MasterCard, Visa, Maestro, Visa Electron), as well as popular e-wallets Skrill, Neteller and of course bank transfers are the option too. There are some additional deposit and withdrawal fees. For instance, deposit by Credit Card will add 2% above or by Neteller – 4.4%. For the withdrawing way through Neteller will require an additional 2 % and 20% through Credit Card.
