Looking for a Broker that Specialises in Forex and CFD trading? Read our SVSFX Broker Review
SVS Securities PLC is the name behind SVSFX. Authorised and regulated by the FCA (Financial Conduct Authority) in the UK, it is also a member of the London Stock Exchange. While SVSFX may not be a long standing member of the Forex trading community, it has nevertheless gained quite a reputation. Specialising as it does, in FX and CFD trading for both retail and institutional investors.
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Trade using MetaTrader 4 or SVSFX WebTrader platform
SVSFX have decided to give their clients more than the standard option of MetaTrader 4. While we’re not saying there isn’t a lot to offer all types of trader with the ever popular MT4, it’s always good to have more than one option. MT4 has already been around for a number of years, and proved itself worthy in the Forex trading industry. For many traders, it is in fact, the trading platform of choice, as it offers an advanced charting toolbox, with all inclusive technical analysis, and the option to run your own ‘Expert Advisors’, with no restrictions. The benefits of using MT4 include:
- Full EA capability
- Manual close, stop-out close, full close-by, partial close and close-by, and many other options
- Low levels of inactivity
- Mobile trading is supported
- 30+ indicators in a full charting package
SVSFX also offers traders it own trading platform design with WebTrader live platform. The all in one solution has cutting edge tools and technology that perfectly enhances the trading experience, whatever your skill level. If offers more than 50 products to choose from, including major currency pairs, gold, oil, as well as major indices and stocks. Other features include:
- Detachable chart trading
- Bulk order closing
- A trader’s calculator
- Traders squawk
- Advanced technical analysis
- Multi-asset trading
- All settings are saved to a dedicated server
SVSFX offers traders a number of excellent tools
Traders are able to expand their trading experience with a number of leading tools. These include:
Historical exchange rate tool – This allows you to compare historical foreign exchange rates for currencies that are the most widely traded in the world
Pip calculator – With tool a trader can better manage their risk as it determines the value per pip in the currency of an account
Margin calculator – This tool helps to assess how margin is necessary in order to make a particular trade
Profit calculator – Traders should always be ever mindful of potential profit and loss, and this tool will work it all out for you
Tradeworks trading tool – There’s no need to worry about programming EAs, as this till designs and puts it in play
What about customer service? Is it any good?
SVSFX has a great reputation for the reliability of its trading service, but it also has a superb customer support program. If there is a problem finding anything on the site, or a trader can’t decide what platform to use, then the customer service team are available to lend a helping hand. Either through the contact form, live chat, or by calling one of the many country specific telephone numbers. There is also a Fax number for additional support.
For clients who are new to the world of Forex trading there is an easy to navigate series of tutorial pages covering everything from the basics to money management and trading tips, as well as a section that explains the best times to trade. There is, of course, a demo account to take advantage of. And we will also advise beginners to start there, before risking real money. A demo account is the perfect way to start a trading journey, as it allows a trader to get a feel for the broker, understand how the different platforms work, and feel far more comfortable when executing trades.
Order execution, leverage, and slippage
SVSFX platforms take their liquidity from Tier 1 institutions, and they also offer a no-requote policy. This means that traders can be sure the prices quoted are the best available at the time Some of the tightest spreads are available, due to interbank liquidity, and market driven prices. As there is no dealer intervention, SVSFX can provide fast execution without the risk of additional waiting time. Trades are executed at the best possible market price but be aware this could result in a better fill or a worse fill (slippage). Both are reasonable possibilities.
Leverage offered at SVSFX varies, depending on account size. For accounts less than $5,000, leverage is 1:400. It goes down to 1:200 for accounts between 5,000 and 25,000. And for accounts between 25,000 and 100,000 it is 1:100. 1:50 leverage is offered for account with more than 100,000.
On the whole, SVSFX is a worthwhile broker to use for your Forex and CFD trading. It has been in the business for a number of years, which is always a good sign. They are just one of the many preferred Forex brokers in Europe, and have a number of advantages.