Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
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BrokerDNA™
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
DMM FX
0
/10
VISIT DMM FX
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
SVS Securities XO
6.9
/10
VISIT SVS SECURITIES XO
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
AvaTrade
9.7
/10
VISIT AVATRADE
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
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About |
DMM FX have ceased brokerage operations from Australia. |
SVS Securities XO is regulated by the Financial Conduct Authority. SVS Securities XO have provided Forex, CFD trading services since 2003. |
AvaTrade is regulated by the Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSB (South Africa) and BVI. AvaTrade have provided Forex trading services since 2006. |
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Why choose them? |
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Headquarters | 2nd Floor, 20 Ropemaker Street, London, EC2Y 9AR | Dublin, Ireland | ||
TRADING SERVICES OFFERED |
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Spot Forex | ||||
Forex (CFD) | ||||
CFD | ||||
Spread Betting | ||||
Social Trading | ||||
MARKETS & INSTRUMENTS | ||||
Forex (currency pairs) | 39 | 59 | ||
Commodities Offered | 0 | 16 | ||
Stocks Offered | 0 | 99 | ||
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
See all instruments
Losses can exceed deposits |
See all instruments
Losses can exceed deposits |
See all instruments
79% of retail investor accounts lose money when trading CFDs with this provider. |
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PLATFORM & FEATURES |
See the platforms and features offered by each broker |
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Screenshot |
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MT4 | ||||
MT5 | ||||
MT4 Mac | ||||
WebTrader | ||||
Mirror Trader | ||||
ZuluTrade | ||||
Sirix | ||||
cTrader | ||||
PAMM | ||||
Custom Platforms | No | SVS Webtrader | AvaTradeAct, AVAOptions | |
APPS |
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iOS |
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Android |
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Windows |
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Available Languages |
English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch |
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See platform & features
Losses can exceed deposits |
See platform & features
Losses can exceed deposits |
See platform & features
79% of retail investor accounts lose money when trading CFDs with this provider. |
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ACCOUNT INFORMATION |
From micro accounts to ECN accounts, compare the accounts offered by DMM FX and SVS Securities XO |
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Demo account | ||||
Mini account | ||||
Micro account | ||||
Standard account | ||||
ECN Account | ||||
Islamic account | ||||
Zero spread account | ||||
VIP account | ||||
Fixed spreads | ||||
Variable spreads | ||||
See account options
Losses can exceed deposits |
See account options
Losses can exceed deposits |
See account options
79% of retail investor accounts lose money when trading CFDs with this provider. |
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TRADING CONDITIONS |
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Scalping | ||||
Hedging | ||||
Expert advisors (EAs) | ||||
Virtual private server | ||||
Direct market access | ||||
STP broker | ||||
Market maker | ||||
Min trade | Varies | Varies | 0.01 Lot | |
Max trade | Varies | Varies | None | |
Min deposit | $1 | $100 | $100 | |
RISK MANAGEMENT |
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Stop losses | ||||
Limit orders | ||||
One-click trading | ||||
Trailing stops | ||||
Price alerts | ||||
Signal trading | ||||
FUNDING METHODS |
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Credit card | ||||
Bank transfer | ||||
Standard account | ||||
Paypal | ||||
Neteller | ||||
Skrill | ||||
Payment processing time | Varies | Varies | Varies | |
Withdrawal processing time | Varies | Varies | Varies | |
See all funding options
Losses can exceed deposits |
See all funding options
Losses can exceed deposits |
See all funding options
79% of retail investor accounts lose money when trading CFDs with this provider. |
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DETAILED INFO |
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Excluded countries | US | US | BE,BR,NZ,US,KE,IN,GH | |
Contact email | Send Email | Send Email | Send Email | |
Phone number | No | +44(0) 203 700 0100 | (44) (0) 8005200423 | |
Live Chat | ||||
Website | dmmfx.com.au | https://svsxo.com | http://www.avatrade.com/ | |
Spreads: | ||||
EUR/USD (Average: 0.7 pips) | Not offered | Not offered | 0.9 pips | |
GBP/USD (Average: 1.1 pips) | Not offered | Not offered | 1.6 pips | |
USD/JPY (Average: 1.1 pips) | Not offered | Not offered | 1.1 pips | |
AUD/USD (Average: 0.8 pips) | Not offered | Not offered | 1.1 pips | |
USD/CHF (Average: 2.3 pips) | Not offered | Not offered | 1.6 pips | |
USD/CAD (Average: 2.9 pips) | Not offered | Not offered | 2.0 pips | |
NZD/USD (Average: 3.6 pips) | Not offered | Not offered | 1.8 pips | |
EUR/GBP (Average: 2.4 pips) | Not offered | Not offered | 1.5 pips | |
View all spreads
Losses can exceed deposits |
View all spreads
Losses can exceed deposits |
View all spreads
79% of retail investor accounts lose money when trading CFDs with this provider. |
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FEES |
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Inactivity Fee | No | No | ||
Commission | 0.1%- 0.30% | No | ||
Deposit Fee | Varies | Yes | No | |
Withdrawal Fee | No | Yes | No | |
View All Fees
Losses can exceed deposits |
View All Fees
Losses can exceed deposits |
View All Fees
79% of retail investor accounts lose money when trading CFDs with this provider. |
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Last update |
All information collected from dmmfx.com.au. Last updated on 01/01/2021. |
All information collected from https://svsxo.com. Last updated on 01/01/2021. |
All information collected from http://www.avatrade.com/. Last updated on 01/01/2021. |
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Company |
According to LeapRate, DMM FX have ceased their ASIC regulated brokerage operations. |
SVS Securities XO is an online forex trading sevice provider who are regulated by the Financial Conduct Authority. To open an account with SVS Securities XO, minimum deposits start from $100. |
Since 2006, Avatrade have attracted over 20,000 traders to their platform. While their spreads are not the most competitive, they do offer traders a range of great features, such as guaranteed stop losses, the ability to hedge / scalp, and low margins. |
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Popular comparisons |
Popular comparisons feat. DMM FX
ETX Capital vs DMM FX |
Popular comparisons feat. SVS Securities XO SVS Securities XO Alternatives
ETX Capital vs SVS Securities XO |
Popular comparisons feat. AvaTrade
Avatrade vs LCG |
If you want a broker that offers MetaTrader4 as a trading platform, SVS Securities XO may be more suitable. DMM FX and SVS Securities XO offer similar trading methods.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider SVS Securities XO to be the more reliable broker. We’ve broken down why below:
DMM FX is regulated by Closed, while SVS Securities XO is regulated by Financial Conduct Authority.
AvaTrade are regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI
If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).
This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.
DMM FX has been around for 8 years, while SVS Securities XO have been around for 18 years. Our third alternative broker, AvaTrade, have been around for 15 years.
You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?
Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.
All three brokers above will hold your money in a separate bank account.
Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.
DMM FX does not use tier one banks as their banking partner. SVS Securities XO uses tier one banks as their banking partner.
If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.
While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.
Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.
DMM FX is a privately owned company, while on the other hand SVS Securities XO is still a publicly listed company.
Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.
DMM FX are based in , while SVS Securities XO are based in 2nd Floor, 20 Ropemaker Street, London, EC2Y 9AR .
Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.
This can be broken down into three categories:
If you’re looking to trade currency pairs, SVS Securities XO have a slightly larger variety of currency pairs with 39 pairs, compared to offered by DMM FX. Also, if you’re looking to trade cryptocurrencies,
If you’re looking to trade commodities like gold, silver or oil, DMM FX may be a better fit as SVS Securities XO does not offer commodity trading.
In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. AvaTrade, for example, offer a mini account, standard account and VIP account.
If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.
While SVS Securities XO also allows scalping and hedging. You can't trade with EAs (expert advisors) on DMM FX but you can trade EAs (expert advisors) with SVS Securities XO.
In terms of risk management tools, neither DMM FX or SVS Securities XO offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.
SVS Securities XO accept Neteller.
Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.
For trading EUR/USD, DMM FX and SVS Securities XO both charge points. Therefore, both brokers are equally affordable for this instrument. You can jump back up to our comparison of their currency pair & indice spreads above.
Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, SVS Securities XO is more reliable based on our criteria above. SVS Securities XO has a wider range of instruments to trade. SVS Securities XO offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.
Most brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:
Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.