logo
English

Broker

Account

Safe

Review

Trade

Search

SVSFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.svsfx.com/trading-platforms/meta-trader-4/open-live-account, about the company's legal and temporary regulatory information, the company's address 4th FloorPrinces Court7 Princes StreetLondonEC2R 8AQUNITED KINGDOM.

SVSFX Forex Broker

Basic information

Registered region
United Kingdom
Operating period
--
Company Name
SVS Securities Plc
Abbreviation
SVSFX
Company employee
--
Customer Service Email Address
support@svsfx.com
Contact number
+44 (0)20 3700 0106
Company address
4th FloorPrinces Court7 Princes StreetLondonEC2R 8AQUNITED KINGDOM
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
United Kingdom Market Maker (MM) Revoked
High potential risk

Company profile

Aspect Information Company Name SVSFX Registered Country/Area London, UK Founded year 2003 Regulation Revoked by FCA Market Instruments FX, CFDs Account Types Professional, Standard Minimum Deposit 500 USD Maximum Leverage 400:1 Spreads EURUSD/0.6-0.8 Trading Platforms MT4 (Desktop, Web, Mobile) Customer Support Phone +44 (0)20 3700 0106cn.support@svsfx.comsupport@svsfx.comhelp@svsfx.comi.support@svsfx.com Deposit & Withdrawal Credit/Debit Cards, e-wallets, bank transfers

Overview of SVSFX

  SVSFX, established in 2003 and based in London, UK, operates as an online broker supporting FX and CFDs trading for retail and institutional clients.

  Despite its long-standing presence, the brokerage faces notable drawbacks. While offering a range of trading assets including currency pairs and CFDs, its regulatory status is risky, particularly after the revocation of regulation by the FCA. Traders may find limited regulatory oversight unsettling, impacting their confidence in the platform. Additionally, accessibility issues with the official website hinder user experience, potentially frustrating traders seeking efficient and reliable trading services.

Is SVSFX Legit or a Scam?

  The revocation of SVSFX's regulation by the FCA, the Financial Conduct Authority, marks a significant shift in the regulatory landscape for traders on the platform.

  The FCA's revocation of SVSFX's license implies that the brokerage no longer operates under the stringent oversight and regulatory framework set forth by one of the most reputable financial regulatory bodies globally. As a result, traders face increased risk exposure due to the absence of regulatory protections and oversight mechanisms.

Pros and Cons

Pros Cons
Wide range of market instruments including currency pairs, CFDs covering global indices, commodities, energy products, and precious metals Negative exposure, including pyramid scheme complaints and scam allegations
Access to the popular MT4 trading platform via desktop, web, and mobile apps Official website inaccessible
Limited contact options and potentially confusing hotline numbers for customer support
Additional deposit and withdrawal fees for certain payment methods
Revoke the regulation by the FCA

  Pros:

  •   Wide range of market instruments: SVSFX offers traders a wide selection of trading instruments, including various currency pairs, global indices, commodities, energy products, and precious metals.

  •   Access to the popular MT4 trading platform: Traders using SVSFX have access to the MetaTrader 4 (MT4) platform, which is widely regarded as one of the most popular and user-friendly trading platforms in the industry.

  Cons:

  •   Negative exposure: SVSFX has faced negative exposure due to pyramid scheme complaints and scam allegations.

  •   Official website inaccessible: The accessibility issues with SVSFX's official website can pose significant challenges for traders, especially when trying to access important account information, execute trades, or seek assistance from customer support.

  •   Limited contact options and confusing hotline numbers: SVSFX's customer support suffers from limited contact options and potentially confusing hotline numbers, making it difficult for traders to reach out for assistance when needed.

  •   Additional deposit and withdrawal fees: Traders using certain payment methods may incur additional deposit and withdrawal fees when using SVSFX.

  •   Revocation of FCA regulation: The revocation of SVSFX's regulation by the FCA (Financial Conduct Authority) raises risks about the platform's adherence to regulatory standards and investor protection measures.

Market Instruments

  SVSFX offers a wide array of trading assets, featuring currency pairs encompassing major, minor, and exotic options, exceeding 50 pairs. Recent enhancements have further enriched this selection.

  Additionally, traders can access CFDs covering global indices, commodities, energy products, and precious metals.

Account Types

  The Professional account is tailored for experienced traders and institutional investors seeking advanced trading features. With a maximum leverage of 200:1, it offers significant trading flexibility. The minimum deposit requirement of 10,000 USD reflects a commitment to accommodating high-volume traders who require substantial capital. Additionally, the tighter spreads on currency pairs like EURUSD and commodities like Gold, ranging from 0.6 to 2.0 pips, contribute to cost-effective trading.

  On the other hand, the Standard account is suitable for a broader audience, including retail traders and those new to the market. With a maximum leverage of 400:1, it offers ample trading opportunities while requiring a more modest minimum deposit of 500 USD, making it accessible to a wider range of users. Although the spreads are slightly wider compared to the Professional account, ranging from 1.8 to 4.0 pips on EURUSD and Gold, respectively, this account type still provides access to popular trading instruments such as foreign exchange, precious metals, and CFDs.

Professional account Standard account
Maximum Leverage 200:1 400:1
Minimum Deposit 10,000 USD 500 USD
Minimum Spread EURUSD/0.6-0.8 Gold/2.0 EURUSD/1.8 Gold/4.0
Products Foreign exchange, precious metals,CFDs Foreign exchange, precious metals,CFDs
Minimum Position 0.01 lot 0.01 lot

Leverage

  SVSFX offers varying maximum leverage depending on the account type chosen.

  For the Professional account, the maximum leverage stands at 200:1, providing experienced traders and institutional investors with substantial trading flexibility.

  On the other hand, the Standard account offers a higher maximum leverage of 400:1, making it accessible to a broader range of users, including retail traders and newcomers to the market.

Spreads & Commissions

  SVSFX offers competitive spreads and commissions across its different account types.

  For the Professional account, spreads are notably tighter, with EURUSD spreads ranging from 0.6 to 0.8 pips and Gold spreads at 2.0 pips.

  Conversely, the Standard account features slightly wider spreads, with EURUSD spreads ranging from 1.8 to 4.0 pips and Gold spreads at 4.0 pips. However, this account type compensates for the wider spreads by offering commission-free trading.

Trading Platform

  SVSFX offers traders the worlds most popular trading platform – MT4, available through desktop, web and mobile apps.

Deposit & Withdrawal

  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.

Customer Support

  SVSFX's customer support appears inadequate with limited contact options and potentially confusing hotline numbers. The English support number, +44 (0)20 3700 0106, lacks toll-free options, potentially dissuading users. Similarly, the Chinese (Simplified) and German hotline, +44 (0)20 3700 0077, might confuse non-native speakers. While contact details for Hindi speakers are available at 4402037000077, the absence of dedicated toll-free numbers for various languages could inconvenience non-English speakers.

  Though email addresses likecn.support@svsfx.com and support@svsfx.comoffer alternative communication channels, the lack of live chat or localized support offices could delay assistance, especially for urgent issues.

Exposure

  SVSFX has garnered negative exposure, including pyramid scheme complaints, scam allegations, and instances of users being unable to withdraw funds.

  These incidents, documented over several years, indicate a pattern of dissatisfaction among users. Complaints range from agents misleading clients and subsequently disappearing to platform shutdowns and bankruptcy declarations. Such experiences can significantly impact traders' trust and confidence in SVSFX, potentially deterring new users from joining and prompting existing ones to seek alternative platforms. The accumulation of negative feedback suggests underlying issues within SVSFX's operations and customer service, highlighting the importance of transparency and accountability in the brokerage industry to maintain user trust and loyalty.

Conclusion

  SVSFX, while offering a range of trading assets and account types, faces significant drawbacks. The revocation of its FCA regulation raises risks about its adherence to regulatory standards, potentially unsettling traders.

  Limited customer support options and potentially confusing hotline numbers further diminish the platform's appeal, hindering traders' ability to seek assistance when needed. Additionally, the presence of additional deposit and withdrawal fees may deter users seeking cost-effective trading solutions.

FAQs

  Q: What is the minimum deposit required to open an account with SVSFX?

  A: The minimum deposit for a Professional account is 10,000 USD, while for a Standard account, it's 500 USD.

  Q: What is the maximum leverage offered by SVSFX?

  A: SVSFX offers a maximum leverage of 200:1 for Professional accounts and 400:1 for Standard accounts.

  Q: What trading instruments are available on SVSFX?

  A: SVSFX provides access to FX (foreign exchange) and CFDs (contracts for difference), including currency pairs, global indices, commodities, energy products, and precious metals.

  Q: What trading platform does SVSFX offer?

  A: SVSFX offers the popular MetaTrader 4 (MT4) trading platform, accessible via desktop, web, and mobile applications.

Rating Index

Professional account

Minimum Deposit
10,000 USD

Standard account

Minimum Deposit
500 USD

Similar Broker Info

TRI
TRI
1.59 Forex Broker
RLIC
RLIC
1.59 Forex Broker
BOGOLD FX
BOGOLD FX
1.59 Forex Broker
TeraFX
TeraFX
1.59 Forex Broker
Broctagon
Broctagon
1.59 Forex Broker
FXSOL
FXSOL
1.59 Forex Broker
Finotec
Finotec
1.59 Forex Broker
DM
DM
1.59 Forex Broker
TigerWit
TigerWit
1.59 Forex Broker
TS CAPITAL
TS CAPITAL
1.59 Forex Broker
Fidelis CM
Fidelis CM
1.58 Forex Broker
BLFX
BLFX
1.58 Forex Broker
Phibro
Phibro
1.58 Forex Broker
OBR
OBR
1.58 Forex Broker
ForexMart
ForexMart
1.58 Forex Broker
24option
24option
1.58 Forex Broker
Profiforex
Profiforex
1.58 Forex Broker
EURASIAYEFOREX
EURASIAYEFOREX
1.58 Forex Broker
Marwill
Marwill
1.58 Forex Broker
FOXSENT
FOXSENT
1.58 Forex Broker
CDFX
CDFX
1.58 Forex Broker
ABBY
ABBY
1.58 Forex Broker
SHENG FX
SHENG FX
1.58 Forex Broker
Mitrader
Mitrader
1.58 Forex Broker
ICOFX
ICOFX
1.58 Forex Broker

Similar Broker Accounts

TRI
TRI
1.59 Account
KVB
KVB
1.59 Account
ORIGIN ECN
ORIGIN ECN
1.59 Account
Finotec
Finotec
1.59 Account
USGFX
USGFX
1.59 Account
EFI Markets
EFI Markets
1.58 Account
Fidelis CM
Fidelis CM
1.58 Account
24option
24option
1.58 Account
ForexMart
ForexMart
1.58 Account
Luck Winner
Luck Winner
1.58 Account

Similar Broker Safe

TRI
TRI
1.59 Safe
COZFX
COZFX
1.59 Safe
TFY
TFY
1.59 Safe
TigerWit
TigerWit
1.59 Safe
TS CAPITAL
TS CAPITAL
1.59 Safe
FXAM
FXAM
1.58 Safe
Fidelis CM
Fidelis CM
1.58 Safe
NBF-FX
NBF-FX
1.58 Safe
ADDEX
ADDEX
1.58 Safe
ForexMart
ForexMart
1.58 Safe

Similar Broker Review

TRI
TRI
1.59 Review
TigerWit
TigerWit
1.59 Review
FXSOL
FXSOL
1.59 Review
Finotec
Finotec
1.59 Review
TS CAPITAL
TS CAPITAL
1.59 Review
FOXSENT
FOXSENT
1.58 Review
ABBY
ABBY
1.58 Review
Fidelis CM
Fidelis CM
1.58 Review
ForexMart
ForexMart
1.58 Review
24option
24option
1.58 Review

Similar Broker Trade

Axitrader
Axitrader
1.59 Trade
Justforex
Justforex
1.59 Trade
AM Markets
AM Markets
1.68 Trade
FXCL
FXCL
2.22 Trade
FirewoodFX
FirewoodFX
2.23 Trade
ForexMart
ForexMart
1.58 Trade
IFS Markets
IFS Markets
1.55 Trade
E-Global
E-Global
1.54 Trade
KVB PRIME
KVB PRIME
1.54 Trade
MRG
MRG
1.49 Trade

Latest Reviews

陳王馬杰

陳王馬杰

Australia

It seems that the website of this company is already shut down...although it has a quite reliable regulation license! and a dozen of people on wikifx exposed that this company SVSFX is a scammer, so stay away!

Positive

2022-12-20

痴心

痴心

Hong Kong

The guy who claimed himself to be a master offered exact data and asked u to invest in SVSFX. Please pat attention. The evil will be brought to justice one day

Exposure

2021-03-14

痴心

痴心

Hong Kong

They claimed that there were teachers giving accurate data and asked u to deposit here. Now its name has been changed to SVSFX. The evil will be punished one day

Exposure

2021-03-10

SVSFX Forex Broker has an overall rating of 1.59, Regulatory Index 0.00, License Index 0.00, Business Index 7.64, Software Index 4.00 Risk Control Index 0.00.