sova capital Forex Broker

General Information & Regulation VEO Invest was founded in 1995 by a Russian who, a year later, joined forces with other financial individuals to create Otkritie, a retail brokerage firm. In 2007, Otkritie Capital established an independent investment banking and brokerage division with offices in Moscow, London, and New York to provide advisory services to corporate and institutional clients. In 2014, all of the firm's investment banking and institutional businesses, including Otkritie Securities Limited (UK) and Otkritie Inc (US), changed their names to Otkritie Capital International, and in 2015 moved their headquarters to London. In February 2018, Otkritie Capital International Limited changed its name to Sova Capital Limited, which now holds an investment advisory license from the FCA in the UK, license number 225539. Market Instruments Sova Capital offers investors a range of financial products, including equity and derivatives, commodities, fixed income, spot FX, listed futures and OTC FX contracts, structured products, and investment solutions. Financing. Minimum Deposit Unfortunately, the minimum deposit requirement is not fully disclosed on its official website. So we have no idea about the rough funding amount to trade with this broker. Spreads & Commissions The spread is an opportunity cost in that it reduces the amount of profit that can be captured from the daily range. Forex brokers with low spreads are ususally popular among forex traders. However, this broker does not tell us any related information on spreads or commissions, making transaction cost unclear. Sova Capital Leverage Forex traders often use leverage to profit from relatively small price changes in currency pairs. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders. Sova Capital does not offer detailed information on trading leverage. Customer Support The Sova Capital customer support team can be reached through telephone, email, or traders can choose to directly visit its office. Besides, there are also some social media platform available, such as Linkedin, Youtube, and Facebook.