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SVOFX-Some Detailed Information about This Broker

WikiFX | 2025-05-27 15:07

Abstract：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