SFOCL Forex Broker

SFOCL Review SummaryFounded2024-07-10Registered Country/RegionUnited StatesRegulationRegulatedMarket InstrumentsForex/Commodities/Futures/Cocoa Soy CFDS/Precious Metals/EnergyDemo Account✅LeverageUp to 1:400SpreadAs low as 1.0 pipTrading PlatformSFOCL(Computers/Tablets/iOS/Android）Min Deposit$200Customer Support24/7 live supportSFOCL Information SFOCL is a regulated multi-asset broker that provides clients with a wide range of financial instruments with a maximum leverage of 1:400 to trade from, including CFDs for multiple commodities, cocoa soy CFDs, forex, futures, precious metals, and energy. The broker also provides live accounts with a minimum deposit is $200 and demo accounts. But the minimum spread is from 1.0 pip. However, SFOCL does not support MT4/MT5 and has limited contact methods.Pros and ConsPros Cons RegulatedHigh Spread24/7 Live SupportLimited contact methodsVarious trading instrumentsMT4/MT5 unavailableLeverage up to 1:400Demo account availableIs SFOCL Legit? SFOCL claims that regulated by the U.S. Industrial and Commercial Administration, as well as the US MSB Financial Enforcement Bureau NFA. But SFOCL is authorized and regulated by the Financial Crimes Enforcement Network(FinCEN): supervision number: 31000276204177. However, the state of supervision does not mean that investment can completely avoid risks.What Can I Trade on SFOCL? SFOCL offers a wide range of market instruments, including multiple commodities, cocoa soy CFDs, forex, futures, precious metals, and energy.Tradable Instruments Supported Forex✔Commodities✔Futures✔Cocoa Soy CFDs✔Precious Metals✔Energy✔ETFs❌Bonds❌Mutual Funds❌Account Type SFOCL has Standard and ECN live accounts with different opening deposits. Traders with a small budget can choose an ECN account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.Account Type StandardECNMax. Leverage1:4001:400Min. Spread1 pip1.0 pipCommission$0.005$0.005 per round tradeMin. Deposit$1000$200SFOCL Fees The spread is as low as 1.0 pip and the commission is from $0.005. The lower the spread, the faster the liquidity.Leverage The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.Trading Platform SFOCL launches proprietary software to enable multi-version trading including computers, tablets, iOS, and Android instead of authorities MT4/MT5.Trading PlatformSupported Available Devices SOCIAL✔Computers/Tablets/iOS/AndroidDeposit and Withdrawal The minimum deposit is $200. SFOCL accepts Mastercard, Digital currency, Skrill, NETELLER, and BANK TRANSFER for deposit and withdrawal.