Rating Index

Pros

Regulated by the Securities and Futures Commission (SFC) of Hong Kong, ensuring a level of oversight.

No minimum deposit requirement, making it accessible for new traders.

Diverse range of financial services, including securities, futures, and wealth management options.

Cons

The regulatory status for leveraged forex trading has been revoked, raising concerns about operational integrity.

Complex fee structure that may lead to higher costs for clients.

Limited customer support availability, as the office operates only during weekdays and is closed on weekends and public holidays.

SCFH broker Accounts

SCFH Account Type

South China Financial Holdings Limited (SCFH) offers a variety of trading accounts to cater to different investment needs. The primary account types include:

Individual Account: Designed for individual investors, allowing them to trade securities, foreign exchange, and other financial instruments.
Joint Account: Suitable for two or more individuals wishing to pool their investments, commonly used by spouses or family members.
Corporate Account: Intended for businesses, providing a framework for corporate investments and trading activities.
Margin Account: Allows investors to borrow funds to trade, amplifying their purchasing power, but also increasing risk.
Discretionary Account: Managed by a financial advisor, where investment decisions are made on behalf of the client based on their risk profile and investment goals.

SCFH Broker Account Opening Process

To open an account with South China Financial Holdings Limited, follow these steps:

Choose Account Type: Decide on the type of account you wish to open (individual, joint, corporate, etc.).
Complete the Application: Fill out the client information statement relevant to the account type.

For individual accounts, complete the trading agreement and loan facility letter (if applicable).
For corporate accounts, include additional documents such as the memorandum & articles of association, certificate of incorporation, and business registration certificate.

Provide Identification: Submit copies of identification documents:

Individual: HK ID card or passport.
Corporate: HKID cards/passports of company directors and latest audited financial statements.

Fund the Account: Mail a cheque of HK$10,000 or more made payable to “South China Securities Limited” or arrange for authentication by a notary public.
Submit Application: Send the completed forms and supporting documents to the head office of South China Securities Limited.

For more details, clients can contact customer service at +852 2111 2222 or visit the official website SC Trade.