When choosing a broker, safety and legitimacy are often the top concerns for traders. Savexa, a CFD broker launched in 2024, has quickly gained attention in the trading community. Many traders are asking: “Is Savexa legit? Is it safe to trade with them?” In this article, we break down the facts and explain how you can independently verify the broker’s credentials.
Savexa’s Regulatory Status
Savexa operates under Trade Tide Ltd. and is licensed by the Mwali International Services Authority (MISA) in Comoros (License BFX2024065). While this is an offshore license, it still ensures that Savexa operates under a regulatory framework and follows certain compliance standards, including:
- Segregated client funds to protect traders in case of broker insolvency
- Periodic audits and capital adequacy checks mandated by MISA
- Transparency in corporate information and licensing
Although Savexa does not hold a tier-1 license like FCA, CySEC, ASIC, or MAS, the combination of licensing, segregated accounts, and public transparency demonstrates that the broker is a legitimate and trustworthy entity.
How Savexa Protects Your Funds
One of the biggest concerns for traders using offshore brokers is fund safety. Savexa addresses this through multiple measures:
- Segregated Accounts – Client funds are kept separate from the company’s operational accounts.
- Negative Balance Protection – Traders cannot lose more than their initial deposit.
- Transparent Corporate Disclosure – Physical office address, license number, and contact details are clearly listed on the website.
These features provide a secure trading environment, giving traders confidence even without a tier-1 regulatory license.
How to Verify Savexa’s Legitimacy
If you want to confirm a broker’s legitimacy yourself, here’s a simple step-by-step approach for Savexa:
- Check the License with MISA
Visit the MISA official website and search for the license number BFX2024065 to verify its validity. - Confirm Corporate Information
Savexa publicly lists its corporate address: Bonovo Road, Fomboni, Mohéli, Comoros. Legitimate brokers typically provide verifiable company details. - Test Customer Support
Contact Savexa’s multilingual support team via live chat, email ([email protected]), or phone (+447822107974). Reliable brokers provide quick and knowledgeable assistance. - Evaluate the Trading Platform
Open a demo account to test the proprietary WebTrader platform, check spreads, and review the execution of trades. A functional, transparent platform is a strong sign of legitimacy. - Look for Reviews and Ratings
Savexa currently has a 4.3/5 rating on Trustpilot from real traders, indicating positive user experiences.
Why Savexa is a Safe Choice for Traders
While some traders may be hesitant about offshore regulation, Savexa demonstrates safety and transparency through its features and practices:
- Segregated client funds provide protection even in worst-case scenarios.
- Negative balance protection ensures you cannot lose more than your deposit.
- Transparent licensing and company information make verification easy.
- Demo accounts and educational tools allow you to test the broker without financial risk.
Combined, these factors make Savexa a safe and legitimate option for beginners and intermediate traders who want a secure trading environment with a wide range of instruments.
Conclusion
Savexa is a legitimate CFD broker that takes trader safety seriously. Its MISA license, segregated accounts, negative balance protection, and transparent corporate disclosure provide a solid foundation of trust. By following simple verification steps—checking the license, testing the platform, and reviewing customer support—traders can confidently confirm Savexa’s legitimacy.
Overall, Savexa is a safe and reliable choice for anyone looking to trade forex, CFDs, and other instruments while enjoying a professional and educational trading environment.
