SVK Markets-Overview of Minimum Deposit, Spreads & Leverage

BASIC INFORMATION:

SVK Markets is a broker offering day trading on a wide range of assets, including forex, CFDs and commodities. The brokerage offers a choice of proprietary software and MT4, both available on mobile devices. SVK Markets also offers online spread betting.

REGULATORY INFROMATION: LICENSE

SVK Markets claims that it is authorized and regulated by the UK Financial Conduct Authority (FCA) under registration number 616032. However, this license was verified to be a clone one.

MARKETS

SVK Markets offers a range of tradeable instruments, beyond the selection seen at most established providers:

· Forex – trade on over 330 major, minor and exotic forex pairs including EUR/USD, AUD/USD and USD/JPY

· Shares & indices – trade on major global indices such as UK 100, Germany 30 and France 40

· Commodities – speculate on softs, grains and energy such as oil

· Metals – trade precious metals including gold, silver and platinum

· Options – diversify your portfolio with straightforward options

· Interest rates – explore a variety of UK and EU interest rates

· Bonds – buy and sell US bonds, Euro Bunds and T-Bonds

TRADING FEES

Forex spreads begin at 0.5 pips for EUR/USD, gold spreads at 0.3 points and options from 4.0 points. Commission fees are only charged on CFDs shares.

LEVERAGE

Up to 1:30 leverage is available when trading major forex pairs, 1:20 leverage is available when trading minors and the cap when trading commodities is 1:10. Leverage levels can be amended upon request and the current ratios are in line with FCA regulations. Global traders may also have access to leverage up to 1:200.

ACCOUNT TYPES

SVK Markets offers one live account. Users are able to trade the full range of forex, CFD and spread betting products. The minimum deposit is $100 and position sizes start from 0.01 lots. Flexible leverage is offered up to 1:200 for international traders.

DEPOSITS & WITHDRAWALS

SVK Markets accepts payment via bank wire transfer, credit or debit card. The broker does not charge deposit or withdrawal fees. Deposits are usually processed the same day while withdrawals can take longer as identity documents may need to be verified. The minimum deposit at SVK Markets is $100.

DEMO ACCOUNT

SVK Markets offers a free demo account. Credited with virtual funds, clients can try out one of the brokers bespoke software solutions or test a strategy before risking real money.

TRADING PLATFORMS

· Meta Trader 4

TRADING HOURS

The hours in which you can, or should trade, are dependent on the individual asset and market. SVK Markets follows standard trading hours, so 24/5 Monday to Friday for forex.

CUSTOMER SUPPORT

To access customer support, head to the Contact us tab on the brokers website. Support is available via:

· Phone – +44 (0) 207 073 7893

· Email – enquiries@svkmarkets.com

· Live chat – logo on the website (Monday to Friday)

· Address – 125 Old Broad Street, London, EC2N 1AR

ACCEPTED COUNTRIES

SVK Markets accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders cannot use SVK Markets from United States