SCEX Forex Broker

SCEX Review SummaryFoundedWithin 1 yearRegistered Country/RegionBahamasRegulationUnregulatedMarket InstrumentsForex, Index CFD, Commodities and CryptocurrencyDemo AccountN/ALeverageN/ASpread0 for SCEXS 0.0 accountTrading PlatformMT4, MT5, cTraderMin DepositN/ACustomer SupportEmail: support@scexus.comSCEX Information SCEX was founded in 2023 in Melbourne, Australia. It offers more than 800 tradable instruments, including Forex, index CFDs, commodities and cryptocurrencies, with competitive transaction fees.Pros and ConsProsConsOver 800 tradable instrumentsLack of RegulationThe minimum spread and commission is 0Only email support is provided, lack of telephone and online customer seriviceProvide three platforms of MT4, MT5 and cTraderAUD 20 is needed for International wire transfer (TT)24/7 Customer Support in multiple languagesIs SCEX Legit? SCEXis currently in a state of no effective supervision.What Can I Trade on SCEX? SCEX provides various market opportunities with more than 800 tradable financial instruments, including Forex, Index CFD, Commodities and Cryptocurrency.Tradable InstrumentsSupportedIndices✔Forex✔Commodities✔Crypto currencies✔Futures❌Bonds❌Account Types SCEX offers two live account types, namely Standard Account and SCEXS 0.0 account. Standard accounts do not charge any commission. SCEXS 0.0 accounts offer institutional spreads as low as 0.0 points. There is a commission of AUD 7 per lot.SCEX Fees Standard account commission is zero, the spread is competitive; SCEXS 0.0 account has an extremely low spread of 0.0 points, but requires a commission of AUD 7 per lot. Swap rates are published weekly and are calculated based on risk management analysis and market conditions. Each currency pair has its own swap rate, with a standard size of 1.0 lot (100,000 base units). SCEX also charges overnight interest on overnight positions held in equity index CFDS, equity CFDS and commodities. The fee is based on the regional base rate plus (or minus) a fixed fee of 2.5%.Trading Platform MT4, MT5 and cTrader are chosen by SCEX to serve clients of different preferences.Trading PlatformSupportedAvailable DevicesSuitable for which type of tradersMT4✔Priority Customer SupportVPS hostingAdvanced Insights and ReportsProvide discounts for high volume tradersTraders who are new to the market or who prefer a simpler platform.MT5✔Priority Customer SupportVPS hostingAdvanced Insights and ReportsProvide discounts for high volume tradersTraders who are looking for a more advanced platform with more features.cTrader✔Priority Customer SupportVPS hostingAdvanced Insights and ReportsProvide discounts for high volume tradersTraders who are looking for a fast and efficient platform with a focus on technology.Deposit and Withdrawal SCEX accepts multiple financing methods: credit and debit cards, online wallet options and bank transfers. For credit and debit cards as well as online wallet options, brokers do not require deposit and withdrawal fees. For bank transfers, the International wire transfer (TT) fee is AUD 20.Deposit OptionsMin. DepositFeesProcessing TimeCredit cards: Visa and MasterCard/No/Online wallet options: POLi, BPay, PayPal, Neteller, Skrill, and Union Pay/No/Bank transfers:Local (BPay) and International (TT)/International wire transfer (TT) fees: AUD 20/Withdrawal OptionsMin. WithdrawalFeesProcessing TimeCredit cards: Visa and MasterCard/NoWithdrawals requested before 21:00 GMT will be processed the next day, while those received before 07:00 AEST will be processed on the same day.Online wallet options: POLi, BPay, PayPal, Neteller, Skrill, and Union Pay/NoWithdrawals requested before 21:00 GMT will be processed the next day, while those received before 07:00 AEST will be processed on the same day.Bank transfers:Local (BPay) and International (TT)/International wire transfer (TT) fees: AUD 203-5 business days