SVK Markets Review: Is SVKMarkets.Desinian.Co.Uk Reliable?
SVK Markets is a UK-based and FCA-regulated British brokerage company. Since 2015, when the firm started offering its online financial services, they’ve been known for transparency, honesty, and fair trading conditions.
The broker guarantees access to several thousand financial instruments to buy and sell, including Forex, CFDs, and spread betting. Tightest spreads and lighting-fast order execution are available on SVK Markets’ own trading platforms – AT Pro and MetaTrader 4.
In this SVG Markets review we will identify some main advantages and disadvantages if there are any to trading with this broker. If you plan on investing here, we strongly recommend you read the following lines so you can get familiar with all the relevant details before making a final decision.
Before we go any further, we suggest reading our brokerage reviews on Blueberry Markets, Trade Republic, and XTB Broker.
SVK Markets Pros and Cons
The first notable aspect of this business is the FCA license. Thanks to it, customers have access to the protection and safety of funds that are hardly matched by other licenses in the Forex world.
Now, account opening requires applying for one first. The process may prolong and there’s only one type of account offered. However, depositing and withdrawals are fast, secure, and fee-free. It takes you to invest only $100 to become the owner of a live trading account.
Buying and selling of thousands of financial instruments is performed through top-notch software – AT Pro, Advantage Web, and MT4, available for all platforms.
When in need of assistance, customer support is contactable through different channels but unfortunately only available during business days. Some learning programs aren’t free but they are worth the price considering the amount of knowledge they provide.
|Phone:||+44 (0) 207 073 7893|
|Minimum Trade:||0.01 lots|
|Spreads:||0.7 pips on EUR/USD|
|Underlying Assets:||Indices, Shares, Forex, Metals, Commodities, Interest Rates, Options, Bonds and Spread Betting|
|Base Currencies:||GBP, USD, EUR|
|Other trading platforms:||AT Pro, Advantage Web|
|Social Trading:||Not available|
Are SVK Markets Regulated? Security and Regulation
Licensed under the strict and precise FCA rules (registration number 616032), SVK Markets abides by the regulatory standards that include leverage limits, compensation scheme, transparency, and negative balance protection. Before we discuss these aspects separately, there’s another threshold that SVK Markets had to pass.
As a prospective company in the brokerage business, in accordance with FCA standards, SVK Markets had to first invest 730.000 GBP as a guarantee of their determination. Running a stable and long-lasting business takes investing, competitive leadership, and long-term resolution and plans. SVK Markets apparently has what it takes in that sense.
The highest funds security is provided through contracts with top-tier banks like Barclays, which allows storing customers’ capital in segregated bank accounts. This way the company’s funds are handled separately from the clients’ deposits so no funds abuse happens from the company’s side.
As a means of lowering the risk of loss, all UK-regulated brokerage sites have to limit the leverage to a maximum of 1:30. Alongside that, firms have to install negative balance protection so the clients do not lose more than they’ve initially invested.
Access to the Financial Ombudsman guarantees clients a compensation fund of up to 85.000 GBP and protection in case of a dispute. Additionally, absolute transparency in terms of money transactions and company details is mandatory, so SVK Markets respects those criteria, as well.
All in all, this broker is a safe investment project that allows maximum security of funds and offers decent trading conditions.
What are Available Accounts at SVK Markets?
|Broker||SVK Markets||FXTM||OctaFX||FPMarkets||XM Broker||HFM||FBS Broker|
SVK Markets offers a single live trading account and its Demo version for practicing and testing the trading environment. In order to become an SVK Markets customer, you have to first apply for an account. After your application was taken into consideration and approved, you will be able to register as a trader at SVK Markets.
This is an effective method of filtrating future customers and making sure all users are honest and decent investors. As another one of SVK Markets safety procedures, this step is a valid method of making sure the client base is reliable and consists of serious investors.
Trading Instruments Available
330 Forex pairs, 90 Indices, 9000 Shares, 110 Commodities, and over 50 Treasures are available for trading at SVK Markets. The leverage allowed doesn’t go over 1:30, although it may be less on some of the assets. The average spread on EUR/USD starts at 0.7 pips.
Let’s take a look at the most popular financial instruments classes at SVK Markets:
- Indices (UK 100, Germany 30, France 40, Italy 40, Spain 35, Wall Street, Japan 225)
- Shares (Lloyds Banking Group, Barclays, Rio Tinto, Alphabet Inc, RBS, Tesco)
- Currency pairs (EUR/USD, AUD/USD, USD/JPY, GBP/USD, EUR/GBP)
- Metals (Gold, Silver, Platinum, Palladium, and Copper)
- Commodities (crude oil, cocoa, coffee, sugar, pork bellies, wheat, and soybeans)
- Interest Rates (Euribor, Eurodollar, and Short Sterling)
- Spread bet daily, monthly and quarterly Options
SVK Markets Trading Platforms Overview
SVK Markets has several award-winning platforms on offer:
- AT Pro
- Advantage Web
AT Pro is the latest downloadable trading software with improved reliability, speed, and charting. Redefining charting with advanced customizability and functionality, AT Pro is also offering specialist features for more advanced, intermediate, and professional traders.
Some of the key features that this premium platform offers are auto-trading, which allows you to choose between hundreds of already-tested algorithms and strategies. Certainly, another prestigious ability is coding your own trading system in the AT Pro Development Studio.
Advantage Web is a customizable web trader that provides the possibility of easier control and faster navigation. You see, with Advantage Web you can trade directly through charts, without the need to switch between panels.
One-click dealing also speeds up your navigation through the distribution without taking too much of your time. Besides a fully customizable layout, you can add as many watchlists as you see fit.
Well-known for its flexibility, MT4 has been a leader in the market for a long time. Many trading platforms that came out after MT4 were made in its image, but many have also failed to meet the speed, reliability, and customizability of MT4. For its innovative features and advanced options, MT4 has remained one of the most used trading software ever.
Although safe and secure for funding live trading accounts, SVK Markets offers a somewhat limited number of options. The only two ways of transferring the cash are credit and debit cards, and bank wire transfers.
In the sense of the fee for opening a live account, SVK Markets charges about the same as most other popular brokers – $100. Money transfers you perform at SVK Markets are free, meaning you won’t be paying commission for the deposits and withdrawals.
However, bear in mind that the broker covers the fees that they see. In case of third-party involvement, you may have to pay some conversion fees or international bank transfer charges.
All payments are generally processed shortly and diligently. New funds usually appear during the first 24 hours since the transaction was performed. Withdrawals may in some cases take a bit longer, especially if done via bank wire and because you need verification documents.
Research and Education Offered
Forex Traders Academy has Serene Education offered as an educational service dedicated to helping traders make the most lucrative trading decisions. Several different training programs are included:
- Forex Made Ezee Online: specially designed for beginner traders, this comprehensive and easy-to-understand collection of information helps you start off and learn the basics of Forex trading.
- Forex Professionals Online – The 6 months trading course: is divided into a few phases, at the end of the course traders will reach a level of professional traders and be able to trade on their own.
- Forex Professionals – 12 Months Exclusive Training course: structured for the most dedicated investors that are professionally oriented at doing Forex. Includes live mentorships.
- Other educational programs offer various subjects and types of training for SVK Markets members.
Interested clients may be disappointed with the fact that some of these educational resources are not free. Considering how well-designed they are and what they offer, the price is probably justified.
The service focused on supporting the clients of SVK Markets is available via several channels:
- Email address – [email protected]
- Phone number – +44 (0) 207 073 7893
- Fill in the form online that leaves space for a detailed explanation of the problem, while you receive an answer to your email address.
Being one of the crucial aspects of a successful trading environment, customer support is a valid source of help and advice for every investor. If the staff fails to support the trader, they may lose the client. That’s why SVK Markets tries to tend to every trader’s needs diligently and responsibly. The only downside to their service is the fact that it is only available 24/5.
SVK Markets Overall Summary
SVK Markets is a British broker, regulated by the FCA. The highest security standards in the world ensure full protection and safety of deposits. Along with the story about the premium trading platforms and profitable trading environment, our SVK Markets review has presented you with other facts about this broker’s reliability.
No doubt that SVK Markets offers outstanding chances for acquiring profit, learning and sharpening your trading skills. If you aren’t sure if you want to immediately invest though, you are free to open a Demo account and try out how the entire platform works.
FAQs About SVK Markets Broker
Is the SVK Markets a Reliable Broker?
According to the FCA certificate, SVK Markets is a genuine financial services provider with a trustworthy platform and reliable service.
How Long Does an SVK Markets Withdrawal Take?
Although generally processed within 24 hours since application, withdrawals may take up to several business days to complete.
What Account Types are Available at SVK Markets?
There is but a single account type available at SVK Markets so you don’t have other options to choose from.
What Trading Platform Does SVK Markets Use?
SVK Markets offers AT Pro, Advantage Web, and MT4, along with the dedicated mobile app.