SPOVA Review 2026

Logo SPOVA
Top Brokers Overview — United States
How we tested SPOVA

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

Chief Analytics Officer

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.

SPOVA is a CFD broker offering access to trading 160 instruments across Forex, stocks, indices, commodities, metals, and cryptocurrencies through its proprietary WebTrader platform. The broker supports several live account types, including Classic, Silver, Gold, Platinum, and VIP, as well as a free demo account funded with $100,000 in virtual capital. All live accounts provide leverage up to 1:400 and negative balance protection, while higher-tier accounts feature narrower spreads, reduced swaps, and more personalized service. Account opening is fully digital, with a minimum deposit of $250 and both bank card and wire transfer options available. Customer support operates 24/7 across multiple channels.

Drawbacks include above-average trading and non-trading fees, no support for MetaTrader or cTrader, and the absence of ECN or micro accounts. Regulation is by the Anjouan Offshore Finance Authority, which is considered Tier-3, not Tier-1, and there is no publicly disclosed investor compensation scheme. These factors make SPOVA less suitable for traders who prioritize low costs, ECN access, or stringent regulatory oversight, while its fast onboarding and 24/7 support may appeal to beginners or those seeking a straightforward proprietary platform.

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SPOVA User Reviews

Score:
The administration of the website shall not be liable for the accuracy of the reviews and does not have the technical ability to check the reviews for accuracy, as well as establish whether the authors of the reviews are indeed the customers of a specific company. To learn more about how the User Satisfaction score is calculated and how we apply the Customer Satisfaction Score (CSAT) methodology, please read the assessment criteria.
9.1 /10
16 total
  • 5-star
    56%
  • 4-star
    44%
  • 3-star
    0%
  • 2-star
    0%
  • 1-star
    0%
Brian Adams
41 weeks ago

I’ve been testing Spova for a few weeks and the best part is the clean WebTrader with decent charting and fast execution. I like having one login to hit forex, metals, indices, stocks, and crypto CFDs without hunting for symbols, and the leverage ceiling is plenty for my style, with negative balance protection as a backstop. Deposits were straightforward. The only thing I do not love is being limited to their platform, since there is no MetaTrader option. Support answered my question quickly, and spreads felt reasonable during London session.

nurbek
47 weeks ago

SPOVA became a platform for experimenting with different approaches: demo for risk-free trading and live accounts for various asset classes. WebTrader makes it easy to test strategies using charts and built-in statistics. I appreciate being able to choose the account type that matches my style. I started with Silver. The platform provides access to all functions, even for Classic accounts. I made a withdrawal once, it was processed without issues, and funds arrived in my e-wallet within minutes after SPOVA confirmed the request.

Cench Rich
47 weeks ago

SPOVA has become a platform for me to try different approaches: on a demo - risk-free, on a real account - trading different asset classes. WebTrader makes it easy to test strategies, especially with the help of charts and built-in statistics. I liked that you can choose the type of account to suit your style - I started with Silver. The platform gives access to all functions without restrictions, even for traders with the most basic Classic accounts. I made a withdrawal once - everything went without any problems, the funds came to my e-wallet within a few minutes after confirmation from SPOVA.

SPOVA стал для меня площадкой, где можно попробовать разные подходы: на демо – без риска, на реальном счете – торговлю различными классами активов. В WebTrader удобно тестировать стратегии, особенно с помощью графиков и встроенной статистики. Понравилось, что можно выбрать тип счета под свой стиль – я начал с Silver. Платформа дает доступ ко всем функциям без ограничений, даже трейдерам с самыми базовыми счетами Classic. Вывод оформлял один раз – все прошло без проблем, средства пришли на электронный кошелек в течение нескольких минут после подтверждения со стороны SPOVA.

  • 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 criteria
    2 /10

    The 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 criteria
    3.7 /10

    SPOVA 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 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
    Yes
    Verification (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 /10

    SPOVA 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
    Yes
    Yes
    Yes
    ECN/Raw spread
    No
    No
    No
    Demo
    Yes
    Yes
    Yes
    Cent
    No
    No
    No
    Micro
    No
    No
    No
    Swap Free
    No
    No
    No
    VIP
    Yes
    No
    No
    Managed
    No
    No
    No

    SPOVA 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.

  • 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 methodology
    5.5 /10

    SPOVA 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
    Yes
    Yes
    Yes
    Bank card
    Yes
    Yes
    Yes
    PayPal
    No
    Yes
    No
    Wise
    No
    No
    No
    BTC
    No
    No
    No

    What 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.

  • 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 criteria
    3.8 /10

    SPOVA 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
    Yes
    Yes
    No
    Commodity futures
    Yes
    Yes
    No
    Crypto 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.
    Yes
    Yes
    No
    Stock indices
    Yes
    Yes
    No
    Options
    No
    Yes
    No

    Investment 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
    No
    No
    No
    ETFs
    No
    Yes
    No
    Copy trading
    No
    No
    No
    PAMM investing
    No
    No
    No
    Managed accounts
    No
    No
    No
  • 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 /10

    We 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
    Yes
    Yes
    Yes
    Minimum deposit $250 $100 $50
    Mandatory KYC
    Yes
    Yes
    Yes
    Registration 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.

  • 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 criteria
    3.6 /10

    SPOVA 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
    No
    No
    No
    MT5
    No
    No
    Yes
    cTrader
    No
    No
    No
    TradingView
    No
    Yes
    Yes
    Proprietary platform
    Yes
    Yes
    Yes
    NinjaTrader
    No
    No
    No
    WebTrader
    Yes
    Yes
    Yes

    Key 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
    No
    Alerts
    Yes
    Trading bots (EAs)
    No
    One-click trading
    No
    Scalping
    Yes
    Supported 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.
    No
    No
    Yes
    API
    No
    No
    No
    Free VPS
    No
    No
    No
    Strategy (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.
    No
    No
    No
    Autochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels.
    No
    No
    No
  • 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 criteria
    9.4 /10

    SPOVA 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.

    Information

    SPOVA’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/MT
    Official site https://www.SPOVA.com/en/
    Contacts info@SPOVA.com +44 7520 604687

Best SPOVA Alternatives

Plus500
Logo Plus500
Plus500
7.7 /10
Regulation Tier-1
EUR/USD 0.5 pips
Trading.com USA
Logo Trading.com USA
Trading.com USA
6.8 /10
Regulation Tier-1
EUR/USD 0.9 pips
OANDA
Logo OANDA
OANDA
6.7 /10
Regulation Tier-1
EUR/USD 0.1 pips
FOREX.com
Logo FOREX.com
FOREX.com
6.5 /10
Regulation Tier-1
EUR/USD 0.7 pips
Venom by Cobra Trading
Logo Venom by Cobra Trading
Venom by Cobra Trading
6.4 /10
Regulation Tier-1
EUR/USD 0.25 pips

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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