SV Markets is a Contract for Difference (CFD) broker officially registered on December 29, 2023. This broker primarily offers a variety of trading markets through its proprietary trading platform, including Forex, commodities, indices, bonds, cryptocurrencies, stocks, futures, and other financial derivatives.
Company Registration Information and Regulatory Status:
Public information on the SV Markets official website indicates that the broker is regulated by multiple regulatory bodies, including the Australian Securities and Investments Commission (ASIC), New Zealand's Financial Markets Authority (FMA), and the Vanuatu Financial Services Commission (VFSC). However, it does not detail the associated corporate entities or the regulatory license numbers obtained.
Upon verification, the official websites of the Australian Securities and Investments Commission (ASIC), New Zealand's Financial Markets Authority (FMA), and the Vanuatu Financial Services Commission (VFSC) have no records of a broker named SV Markets. Therefore, this broker is engaging in false advertising and does not possess any regulatory oversight, making it a fraudulent platform.
Account Opening:
The SV Markets official website does not have an account registration portal. Attempting to navigate to the account registration page by clicking "START TRADING" on the homepage of the broker's website is unsuccessful.
Trading Accounts:
SV Markets offers users virtual trading accounts as well as a real trading account known as the Standard Account.
Standard Account:
- Original pricing
- Spreads starting from 1 pip
- Commission-free
- Rapid order execution
- Leverage up to 1:500
- Deep liquidity
- MT5 trading platform
Trading Platform:
SV Markets provides a proprietary trading platform for users. However, the Standard account page on its website indicates that it uses the MT5 trading platform, which, upon verification, does not list this broker.
Deposits and Withdrawals:
SV Markets supports various payment methods for deposits and withdrawals, including credit/debit cards, Skrill, wire transfer, Neteller, FasaPay, UnionPay, Bpay, and broker-to-broker transfers.
Summary:
Traderknows reminds investors that SV Markets is actually a scam website suspected of false advertising and lacks any regulation. Additionally, the website does not provide any contact information. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
