Rating Index
Pros
Wide range of account types catering to different trading styles and strategies.
Access to the popular MetaTrader 4 platform, which offers advanced trading features and tools.
High leverage options of up to 1:400, providing potential for increased returns on investment.
Cons
Ongoing special administration process for the parent company, raising concerns about stability and reliability.
Lack of transparency regarding commission structures and potential fees for deposits and withdrawals.
No dedicated customer support access available, which may hinder timely assistance for traders.
SVFX broker Accounts
SvoFX Account Types
SvoFX offers a variety of trading account types to cater to different trading styles and preferences. The main account types include:
- Micro Account
- Minimum Deposit: $5
- Lot Size: 1 lot = 1,000 currency units
- Commission: $2 per lot for FX/index, $2.5 per lot for CFDs (one way)
- Leverage: Up to 100
- Spreads: From 1.0 pips
- Execution Type: STP (Straight Through Processing)
- Standard Account
- Minimum Deposit: $5
- Lot Size: 1 lot = 100,000 currency units
- Commission: None
- Leverage: Up to 2,000
- Spreads: From 1.0 pips
- Execution Type: STP
- Social Trading: Available as both master and copy trader
- Professional Account
- Minimum Deposit: $100
- Lot Size: 1 lot = 100,000 currency units
- Commission: $2 per lot for FX/index, $2.5 per lot for CFDs
- Leverage: Up to 100
- Spreads: From 0 pips
- Execution Type: ECN (Electronic Communication Network)
- Social Trading: Not available
- Visit the Account Opening Page
- Choose to register using either your email address or cell phone number.
- Verification
- Enter the selected email or phone number and receive a verification code to confirm your identity.
- Set Nickname and Password
- Create a unique nickname and password for your account.
- Client Portal Access
- Log in to the client portal where you can start trading on a demo account without identity verification.
- Identity Verification
- To open a real account and make deposits, submit the required documents:
- A valid passport or drivers license (front and back).
- An address verification document (e.g., utility bill, certificate of residence) issued within the last 3 months.
- Completion of Verification
- After submitting your documents, the status will change to "under review." Verification usually takes one business day.
SvoFX allows traders to open up to 8 real trading accounts in total, providing flexibility for different trading strategies.
SvoFX Broker Account Opening Process
Opening an account with SvoFX is a straightforward process that can be completed in a few simple steps:
By following these steps, you can quickly set up your SvoFX trading account and start trading.
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SVFX accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .