SCFH Forex Broker

SCFH Review SummaryFounded1999Registered Country/RegionHong KongRegulationRegulated by SFCMarket InstrumentsStocks, futures, optionsDemo Account❌Trading PlatformSouth China stock trading APP and Windows software, Ayers Token Mobile APP, Sharp Point System, and SP Trader Pro HD Mobile AppMinimum Deposit0Customer SupportTel: (852) 2111 2222/ (852) 2111 2332/ (86) 4001 200 623Fax: (852) 3101 9200Email: hotline@sctrade.comFacebook, Instagram, YouTube South China Financial Holdings Limited (“SCFH”) was founded in 1999 by three investment experts. SCFH specializes in finance and investment and is listed on the Stock Exchange of Hong Kong since July 1993. It provides financial services, including securities, foreign exchange, bullion, financial futures, and global commodities broking and trading, through traditional and online trading platforms. Its business coverage extends to China, Taiwan, Southeast Asia, and the United Kingdom. Here is the home page of this brokers official site:Pros and ConsProsConsRegulated by SFCComplex fee structureNo minimum deposit requirementNo demo accountsSocial media presenceVarious trading platformsIs SCFH Legit? As of now, SCFH is regulated by the Securities and Futures Commission (SFC), holding Dealing in futures contracts with No. AAF640. However, its license of SFC (Leveraged foreign exchange trading, AQE524) has been revoked.Regulated CountryRegulated AuthorityCurrent StatusRegulated EntityLicense TypeLicense NumberHong KongThe Securities and Futures Commission (SFC)RegulatedSouth China Commodities LimitedDealing in futures contractsAAF640Hong KongThe Securities and Futures Commission (SFC)Expired South China Commodities LimitedLeveraged foreign exchange tradingAQE524What Can I Trade on SCFH? SCFH offers stocks, futures, options, brokerage services, discretionary service, investor corner, wealth management, investment banking, and SC Private.Trading InstrumentsSupportedStocks✔Futures✔Options✔Forex❌Commodities❌Indices❌Cryptocurrencies❌Bonds❌ETFs❌Trading Account SCFH offers personal and corporate accounts. You can open an account by person or by email. No charges or minimum deposit are required to open an account in South China Securities. But a cheque with an amount not less than HK $10,000 made payable to “South China Securities Limited”. For detailed account opening procedures, you can click: https://www.sctrade.com/en-us/articles/faqSCFH Fees SCFH charges various fees according to different products and services. Take Hong Kong stock as an example:Charge TypeDetailCommission Charge - Internet Trading0.0588%, Minimum HK$50Commission Charge - Brokerage ServiceNegotiableTransaction Fee0.00565% (rounded to the nearest cent)SFC Transaction Levy0.0027% (rounded to the nearest cent)Stamp Duty0.10% (rounded up to the nearest dollar)CCASS Stock Settlement Fee0.005% (0.002% charged on behalf of HKSCC), minimum HK$5, maximum HK$200AFRC Transaction Levy0.00015% (rounded to the nearest cent)Gray Market Trading ChargesMinimum charge per order is HK$150 (commission rate remains unchanged)Platform feeNegotiableCustodian feesNegotiable For more details, you can learn from the link: https://www.sctrade.com/en-us/articles/chargesTrading Platform On SCFH, you can use South China stock trading APP and Windows software, Ayers Token Mobile APP, Sharp Point System, and SP Trader Pro HD Mobile App. You can download through their official website: https://www.sctrade.com/en-us/articles/technical-supportDeposit and Withdrawal SCFH provides bank transfer to take a deposit. But for different products, they require different bank accounts. You can click: https://www.sctrade.com/en-us/articles/deposit-withdrawal to learn specific ways. Besides, you can initiate a withdrawal through their platforms. Simply navigate to the “Withdraw” section. Then, fill out the withdrawal details and click “OK” to submit the request.