What is SVOFX?
SVOFX is a forex and CFD broker based in Panama, listed with a foundation year of 2014. It offers leverage up to 1:100, spreads from 0.0 pips and a minimum deposit of $5. Clients trade on MetaTrader4 for Android, iOS, and Windows and on mobile.
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.
SVOFX: Key Facts
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 doesnt 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 doesnt support social trading and it doesnt 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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Is SVOFX safe and regulated?
SVOFX is regulated by SVOFX has offshore regulatory. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
SVOFX account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $5 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
SVOFX provides MetaTrader4 for Android, iOS, and Windows. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.0 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:100 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
SVOFX supports 7 funding methods, including Bank Transfer, Visa, JCB, Bitcoin, Ethereum, Ripple and more. Accounts can be held in 3 base currencies (USD, EUR, GBP), which helps you avoid conversion fees.
SVOFX bonus: <p>This broker is not providing any welcome bonus</p>
How the promotion works
The current SVOFX promotion is <p>This broker is not providing any welcome bonus</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the SVOFX website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
SVOFX pros and cons
Pros
- Raw spreads from 0.0 pips
- Scalping and hedging allowed
- News trading allowed
- VIP, Mini and managed accounts
- 7 deposit methods including crypto
- Low minimum deposit of $5
Cons
- Only offshore regulation
- No investor compensation scheme
- No Islamic account listed
How to open a SVOFX account
- RegisterVisit the SVOFX website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $5 with Bank Transfer, Visa, JCB or another method.
- Start tradingLog in to MetaTrader4 for Android, iOS, and Windows or the mobile app and set your risk per trade.
Is SVOFX a good broker? Our verdict
SVOFX suits active traders who want raw spreads, freedom to scalp or trade the news, plus a wide choice of payment methods. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.