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SvoFX -

Score

1.58 /10
Danger

SvoFX

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Australia Appointed Representative(AR) Revoked

High potential risk

https://www.svofx.com

Influence

D

Add brokers

Comparison

Quantity 2

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.52

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

SVOFX LTD

Company Abbreviation

SvoFX

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 5
Previous Detection : 2025-09-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • AustraliaASIC (license number: 001275169) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

By giving adverse recommendation, the platform made clients suffer huge losses.

With the fake profit screenshots, the platform will induce you to deposit fund. The platform will make your orders locked through order placing and ask for a margin. Otherwise, it will clear your position until you make all fund lost. The whole cycle only needs several months.

YOUKE8899
2019-12-31 13:46
Scam

SVOFX IS A SCAM!!!

First of all, I said to take me to manage money and then I want to deposit, then I asked the customer service, and then the customer service provided a bank account and then asked you to bank transfer, and then said that the link to the gold payment was downloaded for me, the so-called SVOFX hi remittance, I earned it the first night and then After the cash was received, I went to the top and cast 36,500 back and forth. Anyway, when I think about it now, I don’t understand why I was deceived by 36500 when I believed the scammer. After three days, the SVOFX customer service disappeared. Then I finally wanted to withdraw the money that I couldn’t withdraw. I knew I was cheated.

FX1305625852
2021-09-19 17:36
SvoFX · Company summary
SvoFX Review Summary
Founded2017
Registered Country/RegionSaint Vincent and the Grenadines
RegulationASIC/VFSC (Revoked)
Market InstrumentsForex, CFDs, cryptos
Demo Account✅
LeverageUp to 1:2000)
SpreadFrom 1.0 pips (Standard account)
Trading PlatformSvo Trader
Copy trading✅
Minimum Deposit$5
Customer SupportEmail: support@svofx.com, info@svofx.com
Regional RestrictionsHong Kong, Canada, Singapore, and the United States

SvoFX 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.

SvoFX Information

Pros and Cons

Pros Cons
Copy trading offeredRevoked regulation
Demo accountsNo MT4/MT5 platform
Low minimum deposit requirementOnly email support
Popular payment optionsCommission fees charged
Regional restrictions

Is 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)001275169
Vanuatu Financial Services Commission (VFSC)RevokedSVO CAPITAL LIMITEDRetail Forex License700464
SvoFX license
SvoFX license

What Can I Trade on SvoFX?

SvoFX offers trading on forex, CFDs and cryptos.

Tradable Instruments Supported
Forex✔
CFDs✔
Cryptos✔
Bonds❌
Options❌
ETFs❌
SvoFX products

Account Type

Here are two account types SvoFX offers:

Account TypeMinimum Deposit
Standard $5
Professional $100
Account Type
Account Type

Leverage

Account TypeMaximum Leverage
Standard 1:2000
Professional 1:100

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.

SvoFX Fees

Account TypeSpreadCommission
Standard 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.

SvoFX Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Svo Trader✔Mobile/
MT4❌/Beginners
MT5❌/Experienced traders
Trading Platform

Deposit 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 days
VISAInstant
MASTER
AMEX
DISCOVER
USDC
USDT-ERC20
USDT-TRC20
Google Pay
Alipay
Ethereum 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
Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal

User Reviews

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User comment

3

Comments

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FX1661010437
more than one year
Withdrawal took almost a month and still not getting it, support ticket is not replied yet. Usual withdrawal normally took me about 5-10 days max, this time really mess up my finance scheduling.
Withdrawal took almost a month and still not getting it, support ticket is not replied yet. Usual withdrawal normally took me about 5-10 days max, this time really mess up my finance scheduling.
Translate to English
2024-03-29 14:21
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0
0
宇亚
more than one year
It's really ridiculous. After opening the SVOFX website, it automatically jumps to the Google homepage. I think it's because the company's website is down. Of course, the company itself must have gone out of business. I feel sorry for the victims of its forex scam... Hope they can recover their funds.
It's really ridiculous. After opening the SVOFX website, it automatically jumps to the Google homepage. I think it's because the company's website is down. Of course, the company itself must have gone out of business. I feel sorry for the victims of its forex scam... Hope they can recover their funds.
Translate to English
2023-03-20 18:25
Reply
0
0
2