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CVS Broker Review

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CVS Review 1

Latest All(1) Exposure(1)
Exposure
Return my principal

Can’t withdraw funds after depositing. They said that Administration of Foreign Exchange froze my account for no reason.

FX4202706690
2021-02-02

  

CVS 2025 Review: Everything You Need to Know

  CVS, a regulated brokerage based in Hong Kong, has garnered attention for its diverse trading services and competitive fee structure. However, user experiences vary, with some expressing concerns over withdrawal issues. This review synthesizes key insights from various sources to provide a comprehensive overview of CVSs offerings and reputation in the forex market.

  Note: Its important to consider that CVS operates under different regulatory frameworks in various regions, which may impact user experiences and legal protections. This review aims for fairness and accuracy by consolidating information from multiple sources.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 7.0
Tools and Resources 6.5
Customer Service and Support 6.0
Trading Setup (Experience) 6.5
Trustworthiness 7.5
User Experience 6.0

  We rate brokers based on comprehensive reviews and user feedback.

  

Broker Overview

  Founded in 2012, CVS, also known as China Vered Securities, operates as a regulated entity under the Securities and Futures Commission (SFC) in Hong Kong. The broker provides access to a range of trading instruments, including forex, commodities, and indices. However, it does not support popular trading platforms like MT4 or MT5, which may deter some traders. Instead, CVS offers its proprietary trading platform accessible on various devices, including mobile apps for iOS and Android.

  

Detailed Insights

  Regulated Regions: CVS is primarily regulated in Hong Kong by the SFC. This regulatory oversight provides a level of assurance to traders regarding the broker's compliance with local laws and standards.

  Deposit/Withdrawal Currencies: CVS supports multiple currencies for deposits and withdrawals, including HKD, USD, and RMB. However, users have reported difficulties in withdrawing funds, which raises concerns about the broker's reliability.

  Minimum Deposit: The specific minimum deposit requirements for opening an account with CVS are not clearly stated in the available sources, suggesting that potential clients should inquire directly with the broker for precise details.

  Bonuses/Promotions: CVS does not appear to offer significant bonuses or promotions, which may be a drawback for traders looking for additional incentives.

  Tradeable Asset Classes: CVS provides a diverse range of asset classes, including forex, CFDs, commodities, and indices, catering to various trading strategies and preferences.

  Costs (Spreads, Fees, Commissions): CVS implements a commission fee of approximately 0.25% of the transaction amount, with a minimum fee of HKD 100 per transaction. Additionally, other fees may apply, such as transaction levies and trading fees charged by the Hong Kong Stock Exchange.

  Leverage: The specific leverage options available to traders at CVS are not detailed in the sources, indicating a need for potential clients to consult the broker for this information.

  Allowed Trading Platforms: CVS does not support MT4 or MT5, which may limit its appeal to traders familiar with these platforms. Instead, it offers its own trading platform, which may not have the same level of functionality or user-friendliness.

  Restricted Regions: While CVS is based in Hong Kong, there is no specific information regarding restricted regions for trading, suggesting that potential clients should verify their eligibility based on local regulations.

  Customer Service Languages: CVS provides customer support primarily in Chinese and English, which may limit accessibility for non-Chinese speakers.

  

Repeated Ratings Overview

Category Rating (out of 10)
Account Conditions 7.0
Tools and Resources 6.5
Customer Service and Support 6.0
Trading Setup (Experience) 6.5
Trustworthiness 7.5
User Experience 6.0

  

Detailed Breakdown

  •   Account Conditions (7.0): CVS offers a variety of account types, but specific details about minimum deposit requirements and account features are sparse. Users have expressed mixed feelings about the ease of account setup, with some noting the lack of clarity in the process.

  •   Tools and Resources (6.5): The absence of popular trading platforms like MT4 or MT5 may deter some users. CVSs proprietary platform offers basic functionality, but it lacks the advanced tools that experienced traders often seek.

  •   Customer Service and Support (6.0): While CVS provides customer support in English and Chinese, user feedback indicates that response times and effectiveness may vary, particularly concerning withdrawal issues.

  •   Trading Setup (6.5): The trading experience at CVS can be hampered by reported withdrawal difficulties and limited trading tools. Users have noted that while the platform is functional, it may not meet the expectations of more seasoned traders.

  •   Trustworthiness (7.5): CVS is regulated by the SFC in Hong Kong, which adds a layer of trust. However, reports of withdrawal problems and mixed user experiences suggest that potential clients should proceed with caution.

  •   User Experience (6.0): Overall user experiences have been mixed, with some praising the broker's services while others express frustration over withdrawal issues. This inconsistency highlights the importance of conducting thorough research before choosing CVS as a trading partner.

  •   In conclusion, CVS presents a mixed bag of features and experiences. While it offers a regulated environment and a variety of trading instruments, issues related to user experience and withdrawal difficulties cannot be overlooked. Potential clients should weigh these factors carefully before engaging with this broker. For further insights into CVS, refer to other detailed CVS reviews available online.

CVS review