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. |
FX Global Markets
6.8
/10
VISIT FX GLOBAL MARKETS
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 |
FX Global Markets is regulated by the Financial Conduct Authority and CySEC. FX Global Markets have provided Forex, Stocks, Commodities, Indices, CFDs trading services since 2011. |
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 | Depaho Limited, Artemisia Business Center, 14 Charalambou Mouskou 2014, Strovolos Nicosia, Cyprus | 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) | 38 | 39 | 59 | |
Commodities Offered | 15 | 0 | 16 | |
Stocks Offered | 57 | 0 | 99 | |
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
See all instruments
87% of retail investor accounts lose money when trading CFDs with this provider. |
See all instruments
Losses can exceed deposits |
See all instruments
71% 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 | PROfit | 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, Spanish, Arabic, Italian, French, and Polish |
English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch |
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See platform & features
87% of retail investor accounts lose money when trading CFDs with this provider. |
See platform & features
Losses can exceed deposits |
See platform & features
71% 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 FX Global Markets 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
87% of retail investor accounts lose money when trading CFDs with this provider. |
See account options
Losses can exceed deposits |
See account options
71% 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 | 0.01 Lot | Varies | 0.01 Lot | |
Max trade | None | Varies | None | |
Min deposit | $200 | $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 | 1 business day | Varies | Varies | |
Withdrawal processing time | 10 business days | Varies | Varies | |
See all funding options
87% of retail investor accounts lose money when trading CFDs with this provider. |
See all funding options
Losses can exceed deposits |
See all funding options
71% 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 | 357 77 788 388 | +44(0) 203 700 0100 | (44) (0) 8005200423 | |
Live Chat | ||||
Website | http://www.fxgm.com/ | 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
87% of retail investor accounts lose money when trading CFDs with this provider. |
View all spreads
Losses can exceed deposits |
View all spreads
71% of retail investor accounts lose money when trading CFDs with this provider. |
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FEES |
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Inactivity Fee | Yes | No | No | |
Commission | No | 0.1%- 0.30% | No | |
Deposit Fee | No | Yes | No | |
Withdrawal Fee | No | Yes | No | |
View All Fees
87% of retail investor accounts lose money when trading CFDs with this provider. |
View All Fees
Losses can exceed deposits |
View All Fees
71% of retail investor accounts lose money when trading CFDs with this provider. |
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Featured In | Best Micro Account BrokersBest Brokers With VPSBest Brokers For IndicesBest FCA Regulated BrokersBest CySEC Regulated Brokers | Best Brokers For HedgingBest Brokers For Expert AdvisorsBest 5 Digit BrokersBest Brokers For IndicesBest FCA Regulated Brokers | Best MT4 BrokersBest Bitcoin BrokersBest Ethereum BrokersBest Ripple BrokersBest Litecoin Brokers | |
Last update |
All information collected from http://www.fxgm.com/. Last updated on 01/04/2021. |
All information collected from https://svsxo.com. Last updated on 01/04/2021. |
All information collected from http://www.avatrade.com/. Last updated on 01/04/2021. |
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Company |
FX Global Markets is an online forex trading service provider who are regulated by CySEC, Financial Conduct Authority. To open an account with FX Global Markets, minimum deposits start from $100. |
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 |
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Popular comparisons feat. AvaTrade
Avatrade vs LCG |
If you’re a trader looking for a broker that offers ECN execution (as opposed to a market maker), FX Global Markets is likely the better choice. However, if you want a broker that allows you to scalp as a trading strategy, SVS Securities XO may be more suitable.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider FX Global Markets and SVS Securities XO to be equally reliable. We’ve broken down why below:
FX Global Markets is regulated by Financial Conduct Authority, CySEC, 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.
FX Global Markets has been around for 10 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.
FX Global Markets 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.
We’re not aware of any penalties or fines imposed by regulators on FX Global Markets or SVS Securities XO in the past five years.
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.
FX Global Markets 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.
FX Global Markets are based in Depaho Limited, Artemisia Business Center, 14 Charalambou Mouskou 2014, Strovolos Nicosia, Cyprus, 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, both FX Global Markets and SVS Securities XO offer forex trading. SVS Securities XO have a slightly larger variety of currency pairs with 39 pairs, compared to 38 offered by FX Global Markets. Also, if you’re looking to trade cryptocurrencies, FX Global Markets offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.
Both FX Global Markets and SVS Securities XO allow you to trade commodities like gold, silver and crude oil.
If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both FX Global Markets and SVS Securities XO offer this. Our alternative broker, AvaTrade, also offers MT4 and MT5.
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 trade with EAs (expert advisors) on both FX Global Markets and SVS Securities XO.
In terms of risk management tools, FX Global Markets does offer negative balance protection to prevent you owing your broker more than you’ve deposited, but SVS Securities XO doesn't offer this.
FX Global Markets also offer stop losses and limit orders to help you automate aspects of your trading strategy.
FX Global Markets accept Skrill while 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, FX Global Markets 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. FX Global Markets 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.
Both 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.