SVSFX is an online broker specializing in Forex and CFD trading for retail and institutional clients. The brokerage was established in 2003 and is owned and operated by SVS Securities PLC based in London (UK). SVSFX is currently authorised and licensed by the UK Financial Conduct Authority with regulatory number 220929.
The trading tools provided on the SVSFX platform include more than 50 currency pairs, as well as some global indices, commodities, energy products and CFDs on precious metals.
Account & Leverage
SVSFX offers only one standard account with a minimum deposit of $500. The maximum leverage offered by SVSFX is only 1:30 for major currency pairs, 1:20 for minor currency pairs, and even lower for other instruments.
Spread & Commission
The EUR/USD spread on the SVSFX platform is 1.9 pips, which is a bit higher than the industry standard (usually between 1.1 and 1.5 pips). The spread for crude oil WTI is 4.5 points, and the spread for gold is 41 cents.
SVSFX provides traders with the world's most popular trading platform - MT4, available through desktop, web and mobile applications.
The payment methods provided by SVSFX include credit/debit cards (MasterCard, Visa, Maestro, Visa Electron), as well as popular electronic wallets Skrill, Neteller, and of course bank transfers are also available. Also, there are some additional deposit and withdrawal fees, deposits via credit card will add a 2% fee, while via Neteller it will increase to 4.4%, withdrawals via Neteller will incur a 2% fee, and withdrawals via credit card will incur a 20% fee .