Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
SPOVA Pros & Cons
- Free demo account with $100,000 in virtual funds
- Access to more than 160 total trading instruments
- Leverage up to 1:400 for currency pairs
- Negative balance protection
- High order execution speed
- Web platform with advanced charts, and trading signals
- Smart trading features such as Take Profit, Stop Loss, and pending orders
- 24/7 support
- Withdrawals can take up to 10 business days depending on the bank
- No access to MetaTrader or other popular trading platforms
SPOVA is an international CFD broker offering access to more than 160 total trading instruments, including currency pairs, cryptocurrencies, stocks, indices, commodities, and metals. The brand is owned by Metaloft Technologies Ltd, a company registered on the autonomous island of Anjouan, Union of the Comoros. Its activities are regulated by the Anjouan Offshore Finance Authority (AOFA) under license No. L15955/MT, which authorizes SPOVA to provide financial services internationally. The broker offers several account types, leverage up to 1:400, negative balance protection for all clients, and a proprietary trading platform designed for efficient trading and technical analysis.
TU Expert Verdict
SPOVA carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Brokers Traders Prefer
SPOVA User Reviews
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5-star
56%
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4-star
44%
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2-star
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1-star
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria2 /10The trading and non-trading commissions of SPOVA have been analyzed and rated as having High fees, with a fees score of 2/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- No deposit fee
- Above-average Forex trading fees
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of SPOVA 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, SPOVA’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.
SPOVA Standard spreads SPOVA OANDA FOREX.com EUR/USD min, pips 0.9 0.1 0.7 EUR/USD max, pips 2.5 0.5 1.2 GPB/USD min, pips — 0.1 0.9 GPB/USD max, pips — 0.5 1.4 Does SPOVA support RAW/ECN accounts?
As we discovered, SPOVA 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 SPOVA. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
SPOVA Non-Trading Fees SPOVA OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 3.5 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0-30 0-15 0 Inactivity fee ($, per month) 100-500 0 15 -
Is SPOVA Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria3.7 /10SPOVA 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
SPOVA Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level Abbreviation AOFA Full Name Anjouan Offshore Finance Authority Country of regulation Union of the Comoros (Autonomous Island of Anjouan) Investor Protection Fund No publicly disclosed statutory investor compensation scheme on the site; complaints are handled via the AOFA Compliance Department (email provided). Regulation Level Tier-3 SPOVA Security Factors Foundation date 2025 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.9.1 /10SPOVA offers the following account options: Demo, Standard, VIP.
However, SPOVA does not provide an ECN account with direct market access, which may be a drawback for experienced traders or scalpers seeking the lowest spreads.
- Low minimum deposit
- Exclusive VIP account with enhanced trading conditions
- Standard account with balanced trading conditions
- Micro lots are not available
- No Swap Free account
SPOVA account types vs top competitors SPOVA Plus500 Trading.com Standard YesYesYesECN/Raw spread NoNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP YesNoNoManaged NoNoNoSPOVA accounts trading conditions
SPOVA offers five live account types and a demo account. All accounts provide access to the platform’s core features but differ in trading conditions such as spreads and swap discounts. Each account includes leverage up to 1:400, negative balance protection, and standard margin call at 100% and stop-out at 20%. The minimum deposit is $250, and accounts can be opened in USD, EUR, GBP, or CHF.
Account Type Description Classic For novice traders. Spreads from 2.5 pips. Standard swaps without discounts. Silver For experienced users. Spreads from 2.5 pips. Swap discounts available. Gold For advanced traders. Spreads from 1.8 pips. Extended swap discounts. Platinum Professional account. Spreads from 1.4 pips. VIP For professional trading with the narrowest spreads from 0.9 pips. Minimal swaps and personalized service. Demo $100,000 in virtual funds. Full access to all features without risk. Available for free after registration. Each trader can choose an account type according to experience, goals, and preferences. All accounts include WebTrader access and educational resources. Higher-tier accounts provide narrower spreads, reduced swaps, and personalized support.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5.5 /10SPOVA received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
SPOVA provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank wire transfers available
- Low minimum withdrawal requirement
- No deposit fee
- Bank card deposits and withdrawals
- PayPal not supported
- BTC payments not accepted
- Only major base currencies available
What are SPOVA deposit and withdrawal options?
SPOVA provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire.
SPOVA Deposit and Withdrawal Methods vs Competitors SPOVA Plus500 Trading.com Bank Wire YesYesYesBank card YesYesYesPayPal NoYesNoWise NoNoNoBTC NoNoNoWhat are SPOVA base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. SPOVA supports the following base account currencies: USD, EUR, GBP, CHF.
What are SPOVA's minimum deposit and withdrawal amounts?
The minimum deposit on SPOVA is $250, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact SPOVA’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria3.8 /10SPOVA offers a limited selection of trading assets compared to the market average. The platform supports 160 assets in total.
- Indices trading
- Crypto trading
- Futures not available
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by SPOVA with its competitors, making it easier for you to find the perfect fit.
SPOVA Plus500 Trading.com Currency pairs 60 69 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 160 2800 69 Stocks YesYesNoCommodity futures YesYesNoCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesNoStock indices YesYesNoOptions NoYesNoInvestment options
We also explored the trading assets and products SPOVA offers for beginner traders and investors who prefer not to engage in active trading.
SPOVA Plus500 Trading.com Bonds NoNoNoETFs NoYesNoCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at SPOVA by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We successfully registered an account with SPOVA in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at SPOVA is $250. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fast registration time (up to 15 minutes)
- Low minimum deposit requirement
- Quick KYC verification (1 business day or less)
- Account setup process may feel less convenient for beginners
SPOVA account opening SPOVA Plus500 Trading.com Online Registration YesYesYesMinimum deposit $250 $100 $50 Mandatory KYC YesYesYesRegistration time (min) 8 20 KYC time (days) 1 3 2 Is SPOVA available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
Opening an account with SPOVA is fully digital and takes only a few minutes. Several Open Account buttons are available throughout the broker’s website, and the Let’s Start option can also be found on the main page. To start trading with SPOVA, follow these simple steps:
Enter basic personal information and contact details (email).
Fill out a form with employment data, income, trading experience, and trading strategy.
Open the confirmation email from SPOVA and follow the link to verify registration.
Log into your User Account and upload identity and address documents.
Go to the Trading Account section, select Open Live Account, and make a deposit.
A demo account is activated automatically upon registration.
The SPOVA User Account serves as a central hub for trading and account management. Users can switch between trading modes, view transaction history, analyze results, and receive real-time price alerts.
SPOVA’s user account features allow traders to:
- Switch between demo and live accounts.
- Deposit and withdraw funds and view transaction history.
- Upload documents and update verification details.
- Generate transaction and trading reports in PDF format.
- Select preferred notification methods about broker news, bonuses, and promotions.
- Contact customer support.
- Change interface language (English plus seven others).
When logging into the User Account, traders gain instant access to WebTrader, which allows them to start trading without downloading third-party software, entering passwords, or selecting servers.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria3.6 /10SPOVA received a score of 3.6/10, indicating a limited selection of trading platforms and tools. This reflects the absence of advanced platform options or a lack of additional features that could enhance the overall trading experience.
- Proprietary platform with unique features
- Multiple funding options
- No access to MetaTrader
- EAs not allowed
Supported trading platforms
SPOVA supports the following trading platforms: Proprietary platform, WebTrader. This selection covers the basic needs of most retail traders. We also compared SPOVA’s platform availability with that of top competitors to assess its relative market position.
SPOVA Plus500 Trading.com MT4 NoNoNoMT5 NoNoYescTrader NoNoNoTradingView NoYesYesProprietary platform YesYesYesNinjaTrader NoNoNoWebTrader YesYesYesKey SPOVA’s trading platform features
We also evaluated whether SPOVA offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA NoAlerts YesTrading bots (EAs) NoOne-click trading NoScalping YesSupported indicators 30 Tradable assets 160 Additional trading tools
SPOVA offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
SPOVA trading tools vs competitors SPOVA Plus500 Trading.com Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoNoYesAPI NoNoNoFree VPS NoNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoNo -
Customer Support
Score:We evaluated Customer Support at SPOVA by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria9.4 /10SPOVA demonstrates a high level of customer support. Assistance is available through multiple channels, and most requests are handled quickly.
During TU testing, managers responded promptly, communication was clear and structured, and support continued until the issue was fully resolved. Overall, SPOVA shows reliable service and active engagement with clients.
InformationSPOVA’s customer service operates 24/7 and is available through multiple communication channels. The support team assists with registration, verification, trading, technical configuration, and financial transactions. Response time varies depending on the chosen contact method.
- 24/7 support
- Fast chat response
- Possible delays in email responses
SPOVA communication methods:
- Online chat on the website.
- WhatsApp.
- Email.
- Feedback form.
- Through the client’s User Account.
After registration, each client is assigned a dedicated support agent who provides assistance in the preferred language.
Contacts Foundation date 2025 Registration address Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros Regulation AOFA Licence number:
L15955/MTOfficial site https://www.SPOVA.com/en/ Contacts info@SPOVA.com +44 7520 604687
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FAQs
How are SPOVA’s trading commissions and non-trading fees structured?
SPOVA is assessed as having high overall fees, with a fees score of 2/10, mainly due to above-average Forex trading costs and relatively high non-trading charges. Standard account spreads on EUR/USD range from 0.9 to 2.5 pips, there is no deposit fee, but withdrawal fees range from 0–30 USD or about 3.5%, and inactivity fees are listed between 100–500 USD per month.
What account types and trading conditions does SPOVA provide?
SPOVA offers Demo, Classic, Silver, Gold, Platinum, and VIP accounts, all with leverage up to 1:400, negative balance protection, and margin call/stop-out levels at 100% and 20% respectively. The minimum deposit is $250, accounts can be opened in USD, EUR, GBP, or CHF, and higher-tier accounts feature progressively narrower spreads and greater swap discounts, while there is no ECN, Cent, Micro, or Swap Free account option mentioned.
What do SPOVA user reviews and feedback indicate about client satisfaction?
SPOVA has a user satisfaction score of 9.1/10 based on 16 reviews, with 56% of ratings at 5 stars and 44% at 4 stars, and no 3-, 2-, or 1-star ratings reported. According to user reviews, overall sentiment is described as mostly positive.
What trading platforms, tools, and features does SPOVA offer?
SPOVA supports a proprietary platform and WebTrader, with features such as alerts, support for 30 indicators, and access to 160 tradable assets, but it does not provide MT4, MT5, TradingView, trading bots, one-click trading, or free VPS. The broker allows scalping and multiple funding options, while additional tools like Trading Central, API access, Autochartist, and strategy builders are not listed as available.
What feedback is available on SPOVA’s customer support quality and availability?
SPOVA’s customer support has a safety score of 9.4/10, with assistance available 24/7 via online chat, WhatsApp, email, feedback form, and through the client’s User Account. Based on user feedback in the review, responses in chat are generally fast, email replies may experience some delays, and each registered client is assigned a dedicated support agent who can assist in the preferred language.
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