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Spova review
By
2 mins read
Overview
Our 5-step process of verification and evaluation – How do we obtain information?
General inspection – 30%
Trading experience – 30%
Technical audit – 20%
Collective experience from collaborations with the broker – 10%
Interviews with real traders – 10%
See the entire process here.
Pros
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High Leverage Trading: Spova offers a high leverage of 1:400, much higher than what many brokers offer.
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24/7 Multilingual and Multichannel Support: Spova offers customer service via calls, live chat, and emails 24/7 in 10+ languages.
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Proprietary Trading Platform: The company offers its proprietary WebTrader platform that you can access straight from browser and stay on top of your trades from anywhere.
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Extensive Educational Resources: Spova has a rich collection of resources to help new traders learn.
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5 Types of Live Trading Accounts: Multiple live trading account options allow traders to trade with the conditions of their choice.
Cons
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Offshore Regulation: Spova has an offshore regulation, which means the company lacks advanced security features and strict oversight.
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Limited Availability: Spova does not accept clients from the US, EU, GCC, and the UK.
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No MT4 or MT5 Trading Platform: The company lacks MT4 and MT5 platforms.
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No Swap-Free Islamic Accounts: Spova offers swap discounts but does not offer an Islamic swap-free account.
General details
Introduction
Spova is a new CFD brokerage that started its operations in 2025. Despite being a new company, Spova covers many features like a solid range of trading instruments across multiple markets, a high leverage of 1:400, decent spreads, and a custom WebTrader platform. However, the initial deposit of $250 is slightly on the higher side.
The company is operated by Metaloft Technologies Ltd and is licensed by the Anjouan Offshore Finance Authority under an international brokerage license. An offshore broker means the broker has the flexibility to offer a higher leverage compared to strictly regulated brokers. On the flip side, the company lacks advanced security features like investor protection.
To cater to all types of traders, the company has multiple live account options. New traders who have just started trading can learn the basics of trading from the company’s education hub. Traders can then test their strategies in real-time with a demo account. Learn more about Spova in this detailed review.
Supported Countries
Like most brokers, Spova does not accept clients from a few regions. This usually happens because of local and international regulations, it happens with all brokers. Spova is available in more regions than it is restricted in. The broker does not accept clients from the European Union, United Kingdom, United States, UAE, and the GCC region.
Traders from other countries can create accounts on Spova and start trading. The availability of a brokerage can change over time in a country. The best way to see the availability is by filling the registration form. It takes 2 to 3 minutes max. If you don’t face any trouble signing up, this means the broker accepts clients from your country. If you cannot move forward when you enter your phone number or the country of residence, that means the broker does not accept clients from your region.
Average Customer Rating
One tested way to know if a broker is good or bad is by checking their average customer rating. Oftentimes, reading about other people’s experience with a broker is a risk-free way to assess the quality of service. The challenge with Spova is that it is a new company and we are writing this review only a few months after its launch. The company does not have a Trustpilot profile at the time of writing this review. In addition, our users have not shared their experience with the company yet as well.
Trading Platforms
The trading experience you have with a broker significantly depends on the trading platform. Charting features, different tools, automated trading strategies, and the user experience depends on the trading platform.
Spova offers a custom built WebTrader with features like built-in stop loss, take profit, and trailing stop. The other features of this platform include an array of advanced charting tools, customizable layouts, and real-time alerts. It is a web based platform that you can access straight from your browser without any need to install.
The limitations of this trading platform include unavailability of EAs (Expert Advisors) or automated trading scripts for algorithmic trading. The company does not offer MetaTrader 4 or 5, TradingView, cTrader, and other popular trading platforms.
The company currently does not offer an Islamic swap-free account. Swap discounts are however available on advanced tiers.
Customer Service
Customer service comes in clutch when you run into issues. A good customer service is oftentimes one of the deciding factors when it comes to deciding whether to stick with the company or look for other options. Spova offers multichannel, multilingual customer service round-the-clock every day of the week.
Instead of offering support in 2 or 3 languages, Spova offers support in 11 languages, making it easy for its mostly non-native English speaking target market. You can reach customer support at [email protected] via email or you can call them at +441224076565. Or the fastest way to reach them is by live chat.
Education Hub
For new traders who are in the process of familiarizing themselves with trading, Spova’s educational resources can be very helpful. The company has multiple sections on their website to help new traders.
There is a dedicated education center where you can find videos to learn different things about trading. For more in-depth knowledge, you can find a number of eBooks. For those having a hard time understanding trading terminologies, the glossary section covers basic definitions.
In addition, their website also has sections like Signals, Economic Calendar, Chart Analysis, Risk Management Tools, Daily Market Videos, and Daily Market News.
Deposits and Withdrawal Methods
Traders need to deposit and withdraw funds on a regular basis. Therefore, it is highly advisable for them to look at the offered withdrawal and deposit methods before committing to a broker. Spova’s payment methods are quite universal and straightforward. You can deposit and withdraw money with debit cards, credit cards, and wire transfers.
The company does not charge any fees on deposits. However, fees apply when you withdraw funds. The first withdrawal is free of charge. On later withdrawals, a 3.5% withdrawal fee (on credit and debit cards) and a flat $30 (on wire transfers) are applied by the company.
Leverage, Spreads, and Trading Fees
A high leverage allows you to control bigger positions against your funds. Being an offshore regulated broker, the company can offer a high leverage. 1:400 leverage makes it great for traders who prefer high leverage trading. It is important to note that where a high leverage can amplify your profits on profitable trades, it can also amplify your losses.
The Spreads on the Classic and Silver accounts can feel slightly higher than usual at 2.5 pips. Opting for a higher tier account can reduce the spreads down to 0.9 pips. Besides spreads, you are also charged swap fees on overnight held positions. On higher account tiers, swap fees are lower but there is no option for a swap-free account.
Inactivity fees on Spova are very high. If your account stays dormant for 1 to 2 months, the fee is equivalent to $100. For extended periods of up to a year, trading fees can go up to a $500.
Company Details
Spova is a new CFD broker that started operations in 2025. The company operates under Metaloft Technologies Ltd. and is registered in the Union of Comoros (Autonomous Island of Anjouan) and holds an International Brokerage & Clearing House license from the Anjouan Offshore Finance Authority (License No. L15955/MT). It is an offshore regulator that lacks advanced security features and a strict regulatory framework.
Regulation and Compliance
Being an offshore regulated broker, Spova can offer high leverage and bonuses. But being an offshore regulated broker, the company lacks advanced security features like a requirement for segregated accounts and investor protection schemes in place.
However, the company does require traders to comply with Anti Money Laundering (AML), Know Your Customer (KYC), and Counter Terrorism Financing policies.
Conclusion
Spova is a new broker with many solid offerings like 24/7 support, a decent range of tradable assets, a high leverage, and great spreads. Like every broker, there are some compromises as well. For example, the broker does not allow automated trading strategies and lacks a tier-1 regulation. In addition, it is important to be informed about the company’s inactivity and withdrawal fees.
All things considered, Spova can be a good option for those who prefer learning material and solid customer support. A risk-free way to test the company is by opting for their demo account first.
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Accounts
To cater to different types of traders, most brokers offer different tiers of trading accounts. Spova offers 5 different types of live trading accounts. There is also one demo account to test your strategies. With higher tiered accounts, you can get swap discounts and lower spreads.
You can find the details of all 5 trading accounts in the following table:
| Feature | Classic | Silver | Gold | Platinum | VIP |
| Leverage up to | 1:400 | 1:400 | 1:400 | 1:400 | 1:400 |
| CFDs | 2.5 | 2.5 | 1.8 | 1.4 | 0.9 |
| Margin Call | 100% | 100% | 100% | 100% | 100% |
| Stop-out | 20% | 20% | 20% | 20% | 20% |
| Swap Discount | ✗ | ✓ | ✓ | ✓ | ✓ |
| Free Support | ✓ | ✓ | ✓ | ✓ | ✓ |
| Free Education | ✓ | ✓ | ✓ | ✓ | ✓ |
| Spreads Starting From | 2.5 | 2.5 | 1.8 | 1.4 | 0.9 |
| Negative Balance Protection | ✓ | ✓ | ✓ | ✓ | ✓ |
Demo Account
If you want to learn trading and practice with real-time conditions without putting your capital at risk, Spova’s demo account is a great place to start. You get access to virtual funds worth $100k to test different strategies.
The company currently does not offer an Islamic swap-free account. Swap discounts are however available on advanced tiers.
Tradable instruments
Access to more tradable assets allows traders to capture more opportunities from multiple markets. In addition, they can grow their portfolios in other markets. Spova offers a decently extensive variety of tradable assets with more than 160 options. You can find the number of assets from different classes in the following:
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Forex.com (US) Best Trading PlatformsStart trading74-76% of retail investor accounts lose money when trading CFDs with this provider.
Spova compared with alternative brokers
To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.
- Overall verdict
- Trading
- Minimum deposit
- Maximum leverage
- Fees
- Withdrawal fee
- Deposit fee
- Safety
- Top-tier regulators
- Investor protection
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4.1/ 5
-
4.1/ 5
- $250
- 1:400
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4.1/ 5
- 3.5%
- $0
-
4.1/ 5
- No
-
No
-
See review
-
4.9/ 5
-
4.8/ 5
- $10
- 1:2000
-
4.8/ 5
- $0
- $0
-
5/ 5
- FCA, CYSEC
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No
-
See review
-
Specialized trading accounts
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24/7 instant money withdrawal
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Proprietary platform
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Mobile trading
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4.7/ 5
-
4.8/ 5
- €100
- 1:600
-
4.8/ 5
- $0
- $0
-
4.5/ 5
- CySEC
-
Yes
-
See review
-
4.9/ 5
-
4.9/ 5
- $10
- 1:2000
-
4.8/ 5
- 1%
- $0
-
4.8/ 5
- No
-
Yes
-
See review
-
Specialized trading accounts
-
24/7 instant money withdrawal
-
4.6/ 5
-
4.2/ 5
- $100
- 1:50
-
4.7/ 5
- $0
- $0
-
5/ 5
- FCA, CFTC, NFA, CIRO, CIMA, CySEC
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Yes
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See review
