Abstract：Savexa, a Comoros-based brokerage firm, reportedly received mixed reviews from users across India. While some hailed its competitive spread and trade order execution capability, others report fake profit and constant deposit pressure. The negative Savexa reviews reportedly had more insights and depth, which called for an investigation. In this article, we have examined these reviews thoroughly and disclosed whether Savexa is regulated.
Savexa, a Comoros-based brokerage firm, reportedly received mixed reviews from users across India. While some hailed its competitive spread and trade order execution capability, others report fake profit and constant deposit pressure. The negative Savexa reviews reportedly had more insights and depth, which called for an investigation. In this article, we have examined these reviews thoroughly and disclosed whether Savexa is regulated.
ContentsWhich Markets Can You Trade on the Savexa Platform?
Savexa trading platform lets you access a wide range of markets - Forex, Commodities, Indices, Stocks, Cryptocurrencies and Metals.
You can trade over 45 currency pairs, including major, minor and exotic options. Some currency pairs include AUD/CAD, AUD/CHF, AUD/JPY, CAD/CHF, EUR/AUD, EUR/CAD, EUR/GBP, etc. The leverage offered for forex traders is as high as 1:1400.
Commodity traders can choose from a wide range of options, including Brent Crude, WTI Crude, Cocoa, Coffee, Cotton, Natural Gas, Sugar, etc.
Metals available for trading are gold, silver, platinum and palladium.
Popular stocks listed on the Savexa trading platform include American Airlines Group, Apple, American International Group, Alcoa Corporation, Allianz SE, Amazon, All Nippon Airways, etc.
You can trade popular indices such as Australia 200 Cash Index, Germany 40 Cash Index, Spain 35 Cash Index, France 40 Cash Index, UK 100 Cash Index, etc.
Cryptocurrency options include Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Dogecoin, etc.
Savexa Trading Account Types
Savexa offers five trading accounts - Classic, Silver, Gold, Platinum and VIP - to align with different user needs. The total number of CFD instruments across these accounts is over 160. Look at the table below to find critical details associated with each account.
The minimum spread applicable to each account is on the higher side, raising the scope for potentially high trading costs. A leverage as high as 1:400 is impressive. It lets you open a large number of trade positions by paying a small margin. However, the downside risk of an account blow-up in a volatile market cannot be ruled out. It usually happens with an overleveraged trading account.
Top Trading Allegations Against Savexa
A Reported Lock of Funds Worth INR 52.5 Lakh
An Indian user claimed to have invested a total of INR 52.5 lakh on the Savexa platform through several bank transactions. According to the trader, broker executives showed her trading activity and account statements. However, later, the trader was allegedly informed of the losses, which made it difficult to recover funds. The trader claimed to have transaction records and reported the matter to cybercrime in this Savexa review.
Multiple Fake AI Advertisement-Related Complaints
Multiple Indian traders have accused the broker of AI-generated advertisements glorifying high returns using the voice of the country's finance minister or other officials. They have claimed that the broker takes KYC documents and makes them trade with an initial amount, which would show profit on the Savexa login dashboard. This allegedly allows the broker to nudge investors to deposit more and more profits than before. Ultimately, as traders look to withdraw funds from the platform, the profit would disappear, according to multiple traders' claims. Have a look at these Savexa reviews.
Investigating a Pending $150 Withdrawal Request
An Indian user, after being influenced by the Savexa-promoted AI video of the Indian finance minister, claiming it to be a trustworthy trading app, started investing in the platform. According to the user, he allegedly received a call with +44 country code with a view to attracting stock investments. While the user reported no knowledge of stock investments, the caller reportedly promised to help him understand it. Convinced by this, the trader invested $250 on January 15, 2026. A month later, the broker allegedly deducted $100 from the trader's account. The trader contacted Savexa customer support, only to be informed that the fund would be returned to his account by the end of February 2026.
During this time, the trader disclosed that he had received another call with +44 country code asking him to invest in gold. However, the user reportedly decided to withdraw the remaining $150 from the platform and submitted his bank account details to the customer support team. At this time, the broker officials claimed that they could not understand the information. However, according to the trader, he sent clear screenshots multiple times. Read this complaint that arguably points out poor customer support service.
A Reported Illegal Fund Trail
An Indian user claimed that Savexa makes clients transfer money to different accounts across India. According to the trader, for some transactions, the broker would show profits and transfer the amount to its clients from unknown accounts. In disguise, the broker charges its users with swap fees, which rather looks legal, according to the user's claim. The user further alleged that the broker asks traders to top up under the pretext of a dropping margin. If someone hesitates, the broker allegedly would provide a credit line worth USD 10,000. Notably, the broker would keep all transactions within the 50K limit to bypass the RBI PAN limit, the trader claimed. For more details, read this Savexa review.
A Total Deposit Wipeout by a Penalty
A trader claimed that the broker wiped out his entire deposits with a penalty worth $250 in this review.
Is Savexa Legit or a Scam? Read This WikiFX Report
The reported user complaints arguably form a disturbing pattern and make one wonder: Is Savexa regulation strong, or does it have any regulation in the first place? The WikiFX report did not find any credible license for the broker, raising considerable risks for traders. Because of emerging user complaints and a lack of regulatory status, Savexa receives a poor score of 1.39 out of 10.
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