SvoFX Forex Broker

SvoFX Review SummaryFounded2017Registered Country/RegionSaint Vincent and the GrenadinesRegulationASIC/VFSC (Revoked)Market InstrumentsForex, CFDs, cryptosDemo Account✅LeverageUp to 1:2000)SpreadFrom 1.0 pips (Standard account)Trading PlatformSvo TraderCopy trading✅Minimum Deposit$5Customer SupportEmail: support@svofx.com, info@svofx.comRegional RestrictionsHong Kong, Canada, Singapore, and the United StatesSvoFX Information SvoFX is an unregulated broker, offering trading on forex, CFDs and crypto with leverage up to 1:2000 and spread from 1 pip on the web-based trading platform. The minimum deposit requirement is $5.Pros and ConsPros Cons Copy trading offeredRevoked regulationDemo accountsNo MT4/MT5 platformLow minimum deposit requirementOnly email supportPopular payment optionsCommission fees chargedRegional restrictionsIs SvoFX Legit? Yes. SvoFX is licensed by ASIC and VFSC to offer services, but the licenses are revoked.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.Australia Securities & Investment Commission (ASIC)RevokedSVODA GLOBAL MARKETS PTY LTDAppointed Representative(AR)001275169Vanuatu Financial Services Commission (VFSC)RevokedSVO CAPITAL LIMITEDRetail Forex License700464What Can I Trade on SvoFX? SvoFX offers trading on forex, CFDs and cryptos.Tradable Instruments Supported Forex✔CFDs✔Cryptos✔Bonds❌Options❌ETFs❌Account Type Here are two account types SvoFX offers:Account TypeMinimum DepositStandard $5Professional $100LeverageAccount TypeMaximum LeverageStandard 1:2000Professional 1:100 It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.SvoFX FeesAccount TypeSpreadCommissionStandard From 1 pip❌Professional From 0 pipsFX/indexes: $2/lot, CFDs: $2.5/lot (One way) Non-Trading Fees SvoFX requires a withdrawal fee of $25.Trading PlatformTrading PlatformSupported Available Devices Suitable for Svo Trader✔Mobile/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal SvoFX accepts deposit payments via bank transfer, credit card/crypto and web3.0 token. Clients can withdraw only by bank transfer. Deposit Options Deposit Options Minimum DepositDeposit Fees Deposit Time Bank Trasfer$5❌1-3 business daysVISAInstantMASTERAMEXDISCOVERUSDCUSDT-ERC20USDT-TRC20Google PayAlipayEthereum Mainnet Withdrawal Options Withdrawal OptionMinimum Withdrawal Withdrawal Fees Withdrawal Time Bank Transfer$100❌ (Bank transfer fee of $25 will be charged.)1-3 business days