✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will analyze the SVG Forex broker (also called svgforex.com), is a Forex and CFD broker. Is SVG Forex Really Recommended To Make An Investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we did a review on SVG Forex. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we disclose information that every investor should know before leaning or not, for invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: Times Billion Capital Ltd.
As to its location, the broker mentions being based in: Saint Vincent and the Grenadines.
If we analyze the regulation of the broker: they do not mention anything about being a regulated broker, which makes us think that it is an unregulated broker.
If now we go on to analyze account types offered by SVG Forex, we noticed that it offers 3 different types of account / plans: the Standard Account, the Professional Account and the VIP Account. We leave an image with a little information about each type of account.
Standard Account- $ 250 minimum initial deposit, standard spreads, 24/5 support, education, daily market analysis, webinars. Welcome bonus 20%.
Professional Account- $ 5.000 minimum initial deposit, low spreads, 24/5 support, education, daily market analysis, webinars, custom trading strategy, Junior Account Manager. Welcome bonus 40%.
VIP account- $ 20.000 minimum initial deposit, very low spreads, 24/5 support, education, daily market analysis, webinars, custom trading strategy, Senior Account Manager, 1 to 1 Coach. 60% welcome bonus.
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In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that SVG Forex offers are: the SVG Forex Trader platform.
We will now analyze the different resources and aids for the trader that SVG Forex provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
SVG Forex provides the following aids or resources to traders or interested parties: financial news, some information, really not much more than this.
| Other information about SVG Forex |
Some more information in case you want to contact the company, or see its website for yourself.
Website: svgforex.com
Telephone: does not have.
Email: [email protected]
>>> Assessment on SVG Forex <<
Ending with this section, in our opinion Do we think SVG Forex company is trustworthy? Should you invest your money with the company?
The truth is that we recommend caution, because: it is an unregulated broker, it is based in unsafe countries (Saint Vincent and the Grenadines), when looking for reviews about SVG Forex we did not find any other review, we believe that it is a broker new, no track record. We suggest using caution.
⛔ Attention ⛔ : in January 2021 CNMV has added to SVG Forex to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to the CNMV January 2021 warning
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.
[democracy id = ”495 ″]
I withdrew from SVG while customer service said I was suspected of money laundering and I have to deposit 55% of account balance to verify principal. Otherwise my account will be frozen. After depositing, I was asked to redeposit. I suspected that I had been scammed, so I did not deposit the credit account. Then I contacted customer service multiple times, but now I can't log in. This situation has continued for three days.
Hello Gladys, all these lies about withholding taxes etc. They are not real, they are invented with the sole objective of stealing more money from you. Thanks for asking about SVG Forex. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you have lost and they keep it.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU.
Greetings.
Hi, I had a similar mishap. IT WAS NOT IN SVG !. When trying to start operations they told me that they had migrated to "GInebraBank", same previous case I tried to make a withdrawal for 7800 USD and they asked me for a deposit of 680 dlls to release the payment.
The acknowledgment of receipt that they sent me was completely impossible to believe (such a table with the logo of their bank "BBVA" and the logo of mine, to which a deposit baucher never contains the logo of the destination bank), from the When they asked me for money to obtain mine, they lost all my credibility and I did not make any deposit to which they were insisting for about 15 days with the theme that having my money detained in the transfer would generate charges, talk to my operator bank and this confirmed to me that in case of a movement of this type there is no charge that they or another institution can make to an account within another bank without prior notice or authorization.
I attach the emails from which I was contacted
[email protected]
[email protected]
Hello Fidencio, all these lies about withholding taxes etc. They are not real, they are invented with the sole objective of stealing more money from you. Thanks for asking about SVG Forex. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU.
Greetings.
Hi, I'm Gustavo from Colombia.
SVGForex is a regulated broker according to the manager or account advisor, the advisor is called Antonio Martinez with mobile (+34) 603333880, he is the one who taught me how to make deposits and withdrawals, since I started I had never made a withdrawal until a couple of years ago of months January 20 of 2021 for a value of 6000 usd to which they respond that I must pay 350 usd to pay taxes because the bank does not authorize departure from it, otherwise it would be until the end of the first quarter of the year, that is April 2021 Today being March 23, 2021, I see that the website does not work svgforex .com / es / and I can not continue with my trading on the platforms and app of the page to date. How do you say a scam or regulatory problems or I don't know what it might be. can someone help me with this issue? how to be sure of this?
Hello Gustavo, it may be that they are not up to date in payments from their suppliers and they have cut it. Thanks for asking about SVG Forex. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU.
Greetings.