Losses can exceed deposits

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SVS Securities XO Review

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SVS Securities XO is a forex trading services broker. They give traders access to major markets like currencies, indices, commodities and shares.

Pros

  • Segregates client funds
  • Established in 2003
  • Regulated by Financial Conduct Authority
  • Min. deposit from $100

Cons

To open a live account, you’ll need a minimum deposit of at least $100. Alternatively, SVS Securities XO offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 220929). SVS Securities XO puts all client funds in a segregated bank account and uses tier-1 banks for this. SVS Securities XO has been established since 2003, and have a head office in UK.

Before we dive into some of the more detailed aspects of SVS Securities XO ’s spreads, fees, platforms and trading features, you may want to open SVS Securities XO ’s website in a new tab by clicking the button below in order to see the latest information directly from SVS Securities XO.

Visit SVSFX

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

SVS Securities XO screenshot Open a demo account

Losses can exceed deposits

What are SVS Securities XO's spreads & fees?

Like most brokers, SVS Securities XO takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum spreads listed on SVS Securities XO’s website. The colour bars show how competitive SVS Securities XO' spreads are in comparison to other popular brokers featured on BrokerNotes.

SVS Securities XO
EUR/USD (Average: 0.7 pips) Not offered 0.7 pips 0.1 pips
GBP/USD (Average: 1.1 pips) Not offered 1.7 pips 0.1 pips
USD/JPY (Average: 1.1 pips) Not offered 0.6 pips 0.1 pips
AUD/USD (Average: 0.8 pips) Not offered 0.6 pips 0.2 pips
USD/CHF (Average: 2.3 pips) Not offered 2.3 pips 0.2 pips
USD/CAD (Average: 2.9 pips) Not offered 0.5 pips 0.3 pips
NZD/USD (Average: 3.6 pips) Not offered 2.8 pips 0.3 pips
EUR/GBP (Average: 2.4 pips) Not offered 0.5 pips 0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, SVS Securities XO’s minimum spread for trading EUR/USD is pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with SVS Securities XO vs. similar brokers.

See all Spreads

How much does SVS Securities XO charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with SVS Securities XO at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here’s a rough breakdown of the fees and how this compares against IG & Forex.com .

SVS Securities XO IG Forex.com
Spread from: $ 0.00 $ 6.00 $ 10.00
Commission: $0.00 $0.00 $0.00
Total cost of a 100k trade: $ 0.00 $ 6.00 $ 10.00
$6 more $10 more
Visit SVSFX Visit IG Visit Forex.com

All fees/prices are for informational purposes and are subject to change.

General Fees

  • SVS Securities XO doesn’t charge inactivity fees*
  • SVS Securities XO withdrawal fees varies on payment method

Commissions

  • SVS Securities XO does charge commission on CFD shares

What can you trade with SVS Securities XO?

SVS Securities XO offers over 49 different instruments to trade, including over 39 currency pairs. We’ve summarised all of the different types of instruments offered by SVS Securities XO below, along with the instruments offered by IG and Forex.com for comparison.

FX / Currencies SVSFX IG Forex.com
# of forex pairs offered 39 90 80
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs SVS Securities XO IG Forex.com
# of commodities offered 0 34 12
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Index & Stock CFDs SVS Securities XO IG Forex.com
# of Stocks offered 0 8000 220
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares No Yes Yes
See SVSFX's InstrumentsSee IG's InstrumentsSee Forex.com's Instruments

What’s the SVS Securities XO trading experience like?

1) Platforms and apps

SVS Securities XO offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. SVS Securities XO also offer their custom SVS Webtrader platform.

SVS Securities XO Screenshot

SVS Securities XO also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See SVSFX 's platforms

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP

Accounts offered:

  • Mini account
  • Standard account
  • Managed account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

With SVS Securities XO, the minimum and maximum trade requirements vary depending on the trader and the instrument. As SVS Securities XO offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As a market maker, SVS Securities XO may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that SVS Securities XO offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller

3) Client support

SVS Securities XO support a limited number including .

SVS Securities XO has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.

4) What you’ll need to open an account with SVS Securities XO

As SVS Securities XO is regulated by Financial Conduct Authority , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore SVS Securities XO’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with SVS Securities XO you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://svsxo.com on 01/10/2019.