SVOFX-Some Detailed Information about This Broker
概要：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 Review Summary | |
| Founded | 2017 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | ASIC/VFSC (Revoked) |
| Market Instruments | Forex, CFDs, cryptos |
| Demo Account | ✅ |
| Leverage | Up to 1:2000) |
| Spread | From 1.0 pips (Standard account) |
| Trading Platform | Svo Trader |
| Copy trading | ✅ |
| Minimum Deposit | $5 |
| Customer Support | Email: support@svofx.com, info@svofx.com |
| Regional Restrictions | Hong 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.
Pros and Cons
| Pros | Cons |
| Copy trading offered | Revoked regulation |
| Demo accounts | No MT4/MT5 platform |
| Low minimum deposit requirement | Only email support |
| Popular payment options | Commission fees charged |
| Regional restrictions |
Is SvoFX Legit?
Yes. SvoFX is licensed by ASIC and VFSC to offer services, but the licenses are revoked.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
 | Australia Securities & Investment Commission (ASIC) | Revoked | SVODA GLOBAL MARKETS PTY LTD | Appointed Representative(AR) | 001275169 |
 | Vanuatu Financial Services Commission (VFSC) | Revoked | SVO CAPITAL LIMITED | Retail Forex License | 700464 |
What 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 Type | Minimum Deposit |
| Standard | $5 |
| Professional | $100 |
Leverage
| Account Type | Maximum 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 Type | Spread | Commission |
| Standard | From 1 pip | ❌ |
| Professional | From 0 pips | FX/indexes: $2/lot, CFDs: $2.5/lot (One way) |
Non-Trading Fees
SvoFX requires a withdrawal fee of $25.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Svo Trader | ✔ | Mobile | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
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 Deposit | Deposit Fees | Deposit Time |
| Bank Trasfer | $5 | ❌ | 1-3 business days |
| VISA | Instant | ||
| MASTER | |||
| AMEX | |||
| DISCOVER | |||
| USDC | |||
| USDT-ERC20 | |||
| USDT-TRC20 | |||
| Google Pay | |||
| Alipay | |||
| Ethereum Mainnet |
Withdrawal Options
| Withdrawal Option | Minimum Withdrawal | Withdrawal Fees | Withdrawal Time |
| Bank Transfer | $100 | ❌ (Bank transfer fee of $25 will be charged.) | 1-3 business days |
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