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SvoFX is an online trading broker that trades for Forex, Indices, Precious Metals, Energies, and Cryptocurrencies. This broker is based on MetaTrader4. This has dedicated trading software for Windows, Android, and iPhone/iPad. This broker provides copy trading service. New traders can copy the trading of Master Traders and they get to generate a handsome revenue without building their own trading strategies. There is a standard plan and micro plan for copy trading.
This broker has three types of trading accounts named Micro, Standard, and Professional. All of these accounts have a margin call at 120% and a loss cut at 80%. All of these accounts have base currency in USD. There is no limit in maximum deposit on any of these accounts. All of these accounts have maximum leverage at 100.
The Micro account and standard accounts have the same minimum deposit requirement for starting the account. The minimum deposit these accounts require is only $5.The execution type in the Basic account is STP. The basic account doesn’t come with a demo account and expert advisors. The standard account allows social trading just like the BAsic account. This account also comes with a demo account. This account also comes with expert advisor support.
The Professional account requires a minimum deposit of $100. Unlike the Basic and Stanard accounts, this account charges commissions and the execution type is ECN. This account doesn’t support social trading and it doesn’t come with any demo accounts.
New traders who have no idea or have the least idea about trading, can know more about trading while gaining trading experience without any risk, they can try the demo account.
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