SFOCL foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.sfocl.cc/pc/#/layout, about the company's legal and temporary regulatory information, the company's address .
SFOCL Forex Broker
Basic information
United States
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
SFOCL 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 Cons
| Pros | Cons |
| Regulated | High Spread |
| 24/7 Live Support | Limited contact methods |
| Various trading instruments | MT4/MT5 unavailable |
| Leverage up to 1:400 | |
| Demo account available |
Is 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 | Standard | ECN |
| Max. Leverage | 1:400 | 1:400 |
| Min. Spread | 1 pip | 1.0 pip |
| Commission | $0.005 | $0.005 per round trade |
| Min. Deposit | $1000 | $200 |
SFOCL 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 Platform | Supported | Available Devices |
| SOCIAL | ✔ | Computers/Tablets/iOS/Android |
Deposit and Withdrawal
The minimum deposit is $200. SFOCL accepts Mastercard, Digital currency, Skrill, NETELLER, and BANK TRANSFER for deposit and withdrawal.