According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $250
- WebTrader
- MISA
Our Evaluation of Savexa
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Savexa is a broker with higher-than-average risk and the TU Overall Score of 4.87 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Savexa clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Savexa prioritizes innovation and client satisfaction, providing an intuitive platform equipped with advanced features designed to capitalize on market opportunities. The broker is committed to transparency and integrity, upholding stringent ethical standards to foster trust and cultivate enduring client relationships.
Brief Look at Savexa
Savexa is an online broker that provides access to trading over 160 CFD assets, including Forex, cryptocurrencies, stocks, indices, metals, and commodities. Its web-based trading platform is equipped with advanced analytical tools and an economic calendar integrated with Trading Central. The company focuses on security and transparency, using cutting-edge data encryption, negative balance protection, and strict client verification requirements. Savexa is regulated by MISA (Mwali International Services Authority) and is designed for active trading. Clients have access to personalized 24/7 support and various deposit and withdrawal options. The broker does not provide services to the U.S., Canada, Russia, Belarus, Iran, Iraq, North Korea, Europe, or the United Kingdom residents.
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- Access to trading Forex, stocks, indices, cryptocurrencies, metals, and other commodities.
- Negative balance protection is provided for all clients.
- User-friendly WebTrader trading platform with technical analysis tools and a customizable interface.
- Flexible trading conditions with a choice of different account types.
- There are no deposit fees and a free first withdrawal is offered upon meeting certain conditions.
- There are multiple funding and withdrawal methods available, including bank cards, transfers, and e-wallets.
- A comprehensive educational center featuring courses, video tutorials, and an e-book library.
- Withdrawal processing can take 8 to 10 business days.
- There is no referral program, PAMM accounts, or copy trading.
TU Expert Advice
Author, Financial Expert at Traders Union
Savexa offers access to over 160 CFD on Forex, cryptocurrencies, stocks, indices, metals, and commodities. Traders benefit from security measures with negative balance protection and advanced encryption technology. The WebTrader platform, integrated with Trading Central, provides technical analysis tools and customizable features, enhancing the trading experience. Flexible account types support various trading strategies and budgets, with no deposit fees and the opportunity for a first free withdrawal under certain conditions. A comprehensive educational center and 24/7 multilingual support further assist both novice and experienced traders.
However, potential drawbacks include longer withdrawal times, taking 8 to 10 business days, and an inactivity fee. Additionally, the absence of copy trading, PAMM accounts, and a referral program could deter some traders. Regulated by MISA, Savexa may not be the most suitable option for those prioritizing top-tier regulation and extensive asset and account type diversity. Despite these challenges, its intuitive platform and focus on security make it viable for traders focused on independent trading.
Savexa Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | WebTrader |
|---|---|
| 📊 Accounts: | Classic, Silver, Gold, Platinum, VIP, Demo |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Credit/debit cards, Wire Transfer, E-wallets, deposits via APM (Alternative Payment Methods) |
| 🚀 Minimum deposit: | $250 |
| ⚖️ Leverage: | Up to 1:400 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 lots |
| 💱 EUR/USD spread: | 0,9-2,5 pips |
| 🔧 Instruments: | Forex, CFDs on stocks, cryptocurrencies, indices, commodities (metals, energies and agricultural products) |
| 💹 Margin Call / Stop Out: | 100%/20% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes, via browser |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Market |
| ⭐ Trading features: | Swap discounts are available, trading without commission per lot, there is a choice of live accounts |
| 🎁 Contests and bonuses: | Yes |
Savexa uses a commission model where traders only pay the trading spread. Swaps are charged for holding positions overnight, though they may be reduced for certain account types. The proprietary trading platform supports real-time price alerts and one-click trading.
Savexa Key Parameters Evaluation
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Trading Account Opening
Opening an account with Savexa consists of a few simple steps:
Registration. Fill out the registration form on the official website, provide personal details and contact information, and create a password.
Choosing an account type. Select the most suitable live account based on preferences and experience level.
Verification. Upload identity verification documents such as a passport or driver’s license, along with proof of address (e.g., bank statement or utility bill).
Account confirmation. Once the submitted documents are verified, the broker activates the live account, granting access to fund deposits.
Regulation and safety
Savexa has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
Savexa Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
| MISA (Mwali) | Mwali International Services Authority | The Comoros | No specific fund | Tier-3 |
Savexa Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Savexa have been analyzed and rated as High with a fees score of 2/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No deposit fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
- Inactivity fee applies
- Withdrawal fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Savexa with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Savexa’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Savexa Standard spreads
| Savexa | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,9 | 0,5 | 0,1 |
| EUR/USD max, pips | 2,5 | 1,5 | 0,5 |
| GPB/USD min, pips | 1,3 | 0,4 | 0,1 |
| GPB/USD max, pips | 3,1 | 1,4 | 0,5 |
Does Savexa support RAW/ECN accounts?
As we discovered, Savexa does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Savexa. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Savexa Non-Trading Fees
| Savexa | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0-3,5 | 0 | 0 |
| Withdrawal fee, USD | 0-30 | 0 | 0-15 |
| Inactivity fee ($, per month) | 100 | 0 | 0 |
Account types
Savexa offers access to financial markets through different account types, catering to both beginners and experienced traders. Clients can choose from several pricing plans, each varying in spreads, commissions, support levels, and additional benefits.
Available accounts are:
Deposit and withdrawal
Savexa received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Savexa offers limited payment options and accessibility, which may impact its competitiveness.
- Bank wire transfers available
- No deposit fee
- Low minimum withdrawal requirement
- Bank card deposits and withdrawals
- Withdrawal fee applies
- BTC not available as a base account currency
- PayPal not supported
What are Savexa deposit and withdrawal options?
Savexa offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire. This limitation may restrict flexibility for users, making Savexa less competitive for those seeking diverse payment options.
Savexa Deposit and Withdrawal Methods vs Competitors
| Savexa | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Savexa base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Savexa supports the following base account currencies:
What are Savexa's minimum deposit and withdrawal amounts?
The minimum deposit on Savexa is $250, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Savexa’s support team.
Markets and tradable assets
Savexa offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 45 Forex pairs.
- 45 supported currency pairs
- Indices trading
- Crypto trading
- Futures not available
- Copy trading not available
Savexa Supported markets vs top competitors
We have compared the range of assets and markets supported by Savexa with its competitors, making it easier for you to find the perfect fit.
| Savexa | Plus500 | Pepperstone | |
| Currency pairs | 45 | 60 | 90 |
| Total tradable assets | 2800 | 1200 | |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Savexa offers for beginner traders and investors who prefer not to engage in active trading.
| Savexa | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
Savexa’s support service operates 24/7 and is available in multiple languages, including Hindi, English, Japanese, and Korean.
Advantages
- Multilingual support
- Chat with support 24/7
Disadvantages
- There is no support via popular messengers
Clients can contact Savexa via:
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Live chat on the website.
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Email.
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Phone.
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Contact form.
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Online assistant in the user account section.
Contacts
| Registration address | Bonovo Road, Fomboni, Island of Moheli, Comoros Union |
|---|---|
| Regulation |
MISA
Licence number: BFX2024065 |
| Official site | https://www.savexa.com/en/ |
| Contacts |
Education
Savexa offers a comprehensive educational center that includes courses for traders of all experience levels, e-books, and video tutorials. The training covers both basic concepts and advanced trading strategies, allowing users to improve their trading skills. A demo account is also available.
Comparison of Savexa with other Brokers
| Savexa | Bybit | Eightcap | XM Group | AMarkets | Kama Capital | |
| Trading platform |
WebTrader | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, AMarkets App | MetaTrader5 |
| Min deposit | $250 | No | $100 | $5 | $100 | No |
| Leverage |
From 1:1 to 1:400 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:3000 |
From 1:1 to 1:400 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.9 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points |
| Level of margin call / stop out |
100% / 20% | No / 50% | 80% / 50% | 100% / 50% | 50% / 20% | 20% / No |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | Yes |
Detailed Review of Savexa
Savexa goes beyond Forex trading by providing traders access to 160+ financial assets through CFD trading. The company focuses on transparency, fostering open communication with clients, and ensuring quick issue resolution. This well-rounded approach to service and analytical tools make Savexa a user-friendly platform for both beginner and professional traders.
To ensure security, Savexa uses advanced encryption technologies, including 128-bit SSL encryption, to protect personal information. Client funds are held in segregated accounts, and negative balance protection is applied.
Savexa’s trading platforms:
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WebTrader. A proprietary trading platform accessible via a web browser without requiring additional software installation. It features 30+ technical indicators, real-time charts, and customizable orders, ensuring an efficient and smooth trading experience.
Savexa by the numbers:
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MISA-regulated since April 2024.
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5 trading account types + demo account.
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160+ CFDs are available for trading.
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Leverage up to 1:400.
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WebTrader with 30+ built-in indicators.
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24/7 client support.
Services offered by Savexa:
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CFD trading in a variety of asset classes, including Forex, cryptocurrencies, stocks, indices, and commodities.
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Access to the WebTrader platform with advanced analysis tools.
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Educational center featuring courses, video lessons, and an e-library.
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Personalized client support through multiple communication channels.
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Deposit and withdrawal options via credit/debit cards, bank transfers, and e-wallets.
Promotions and bonuses:
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Free trading signals.
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Swap discounts are available for Silver accounts and above.
Advantages:
Customizable trading platform and flexible account options.
Integration with Trading Central for technical analysis and market forecasts.
High-level data security with 128-bit SSL encryption.
Economic calendar with key events and market news.
There are no hidden fees, deposit charges, or first-withdrawal fees.
Registration is simple and fast; opening an account takes only a few minutes.
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