SFXT Forex Broker

SFXT Broker - Comprehensive Information Guide

1. Broker Overview

Full Name: SFXT

Established: 2021

Headquarters: The company is registered in Saint Vincent and the Grenadines.

Company Type: Private ownership.

Target Markets and Clientele: SFXT primarily serves retail and institutional traders interested in cryptocurrency and forex trading. The platform caters to both novice and experienced traders globally.

Development History and Milestones: Since its inception in 2021, SFXT has rapidly grown its user base and expanded its offerings, establishing a reputation for providing a secure and advanced trading environment. The platform has integrated various trading tools and features to enhance user experience.

Parent Company or Group Relations: SFXT operates independently without a parent company.

Business Model Summary: SFXT operates as a retail forex and cryptocurrency trading platform, offering a range of trading instruments and services tailored to both individual and institutional clients. The platform emphasizes innovation and security, positioning itself as a reliable choice for traders looking to navigate the fast-paced world of digital assets.

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2. Regulatory and Compliance Information

Main Regulatory Bodies:

• Saint Vincent and the Grenadines Financial Services Authority (SVG FSA)

Regulatory Numbers:

• Specific regulatory numbers are not publicly disclosed.

License Validity and Scope:

• SFXT operates under the regulatory framework of Saint Vincent and the Grenadines, which provides a flexible environment for forex and cryptocurrency trading.

Legal Entities in Different Regions:

• The broker primarily operates under its registered entity in Saint Vincent and the Grenadines.

Client Funds Segregation Policy:

• SFXT maintains a policy of segregating client funds from operational funds, ensuring that client assets are protected.

Investor Compensation Fund Participation:

• SFXT does not participate in any investor compensation schemes due to its regulatory framework.

KYC and AML Compliance Measures:

• SFXT implements Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to ensure compliance with international standards. Clients are required to verify their identity and provide necessary documentation during the account registration process.

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3. Trading Products and Services

Number of Forex Currency Pairs and Major Varieties:

• SFXT offers over 30 forex currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY.

CFD Product Categories:

• SFXT provides a diverse range of CFD products, including indices, commodities, cryptocurrencies, and stocks.

Special Products or Unique Trading Varieties:

• The platform features unique trading options in cryptocurrencies, allowing users to trade popular digital assets like Bitcoin, Ethereum, and Litecoin.

Product Update Frequency and New Additions:

• SFXT regularly updates its product offerings based on market trends and user demand, ensuring that traders have access to the latest instruments.

Retail Trading Services:

• SFXT offers comprehensive retail trading services, including advanced trading tools, market analysis, and customer support.

Institutional Client Services:

• The broker provides tailored services for institutional clients, including liquidity solutions and white-label offerings.

Asset Management Services:

• Currently, SFXT does not offer dedicated asset management services but focuses on empowering traders with the tools they need for independent trading.

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4. Trading Platforms and Technology

MetaTrader 4/5 Support:

• SFXT supports the MetaTrader 4 (MT4) platform, providing traders with a robust and user-friendly interface for executing trades.

Proprietary Platform Details:

• SFXT has developed a proprietary trading platform that offers advanced features and customization options for users.

Web-Based Trading Platform:

• The broker provides a web-based trading platform accessible from various devices, enabling traders to manage their accounts conveniently.

Mobile Application Support:

• SFXT offers mobile applications for both iOS and Android, allowing traders to trade on the go.

Execution Models (ECN, STP, Market Making):

• The broker operates on an ECN model, ensuring direct market access and competitive spreads for traders.

Server Location and Technical Infrastructure:

• SFXT utilizes state-of-the-art technology infrastructure to ensure fast execution and reliable connectivity for traders.

API Access and Automated Trading Support:

• SFXT offers API access for automated trading, allowing traders to implement algorithmic strategies effectively.

5. Account Types and Trading Conditions

Standard Account Conditions:

• Minimum Deposit: $100
• Spreads: Starting from 1.5 pips
• Commission: Varies based on account type.

Advanced Account Types:

• SFXT provides advanced account types such as VIP accounts with lower spreads and enhanced features for high-volume traders.

Special Accounts:

• The broker offers Islamic accounts that comply with Sharia law, catering to traders seeking interest-free trading options.

Demo Account Policy:

• SFXT allows users to open demo accounts to practice trading strategies without risking real capital.

Leverage Ratio Range:

• SFXT offers leverage up to 1:500, depending on the asset class and regulatory jurisdiction.

Minimum Trade Size:

• The minimum trade size is 0.01 lots, accommodating both novice and experienced traders.

Overnight Fees Policy:

• SFXT applies overnight fees (swap rates) on positions held overnight, which are clearly outlined in the trading conditions.

6. Fund Management

Supported Deposit Methods:

• SFXT accepts various deposit methods, including bank transfers, credit cards, and popular e-wallets.

Minimum Deposit Requirements:

• The minimum deposit requirement varies by account type, starting from $100 for standard accounts.

Deposit Processing Time:

• Deposits are typically processed instantly, with the exception of bank transfers, which may take longer.

Deposit Fees:

• SFXT does not charge deposit fees for most funding methods, promoting cost-effective trading.

Withdrawal Methods and Restrictions:

• The broker supports multiple withdrawal methods, including bank transfers and e-wallets. Certain restrictions may apply based on the chosen method.

Withdrawal Processing Time:

• Withdrawals are processed within 24 hours, ensuring timely access to funds.

Withdrawal Fee Structure:

• SFXT has a transparent fee structure for withdrawals, with fees applicable depending on the method used.

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7. Customer Support and Educational Resources

Support Channels:

• SFXT offers customer support through various channels, including phone, email, live chat, and social media platforms.

Service Hours and Time Zone Coverage:

• Support is available 24/7, catering to traders from different time zones.

Multilingual Support:

• The broker provides support in multiple languages, including English, Spanish, and Mandarin.

Types of Educational Resources:

• SFXT offers a range of educational resources, including webinars, tutorials, and eBooks to help traders enhance their skills.

Market Analysis Services:

• The broker provides daily market analysis, news updates, and research reports to keep traders informed of market trends.

Trading Tools:

• SFXT offers various trading tools, including calculators, economic calendars, and signal services to assist traders in their decision-making.

8. Regional Coverage and Restrictions

Major Service Markets:

• SFXT primarily serves clients in Europe, Asia, and the Americas, providing a global trading platform.

Regional Office Distribution:

• The broker operates online without physical offices, allowing for a streamlined service model.

Countries/Regions Not Accepted:

• SFXT does not accept clients from jurisdictions where trading is restricted or prohibited, such as the United States and certain countries under international sanctions.

Special Restrictions Notes:

• The broker adheres to local regulations and may impose restrictions based on the client's country of residence.

In conclusion, SFXT broker presents a comprehensive trading platform with a variety of products, robust technology, and a commitment to customer service. Traders looking for a reliable and innovative broker will find SFXT to be a compelling choice in the competitive landscape of forex and cryptocurrency trading.