SCFS Trading Limited has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +852-369-315-72, fax +852-300-627-68
Addresses: Bank of America Tower 12 Harcourt Road Central Hong Kong This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: scfs-trading.com.
Do not be fooled by the professional-looking website. Behind the scenes, SCFS Trading Limited is disorganized and incompetent. I found them after a friend recommended them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Responsive team|Two-factor authentication
Cons: No live chat on mobile
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. SCFS Trading Limited recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Tax reports included|Clear documentation|Demo account available|Market news feed
Cons: Charting tools need more indicators
KYC with SCFS Trading Limited is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Copy trading available|Great customer service|Tax reports included
Cons: Withdrawal takes 1-2 business days|Live chat only during business hours
SCFS Trading Limited has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Great customer service|Instant funding|Stable platform|Smooth onboarding
Cons: No integrated tax optimization|Currency conversion fee exists
Do not use SCFS Trading Limited for anything serious. I used them for about five months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Clear documentation|Instant funding|Intuitive for beginners|Regular platform improvements
Cons: No integrated tax optimization
I had high hopes for SCFS Trading Limited after attending a webinar they hosted, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Competitive fees|Demo account available|Stable platform
Cons: Wait times can be long during peak hours
After using SCFS Trading Limited for the past six months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Helpful community forum|Instant funding|Market news feed|Portfolio tracking tools
Cons: Nothing significant|Inactivity fee applies after 12 months
I requested my data from SCFS Trading Limited under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Demo account available|Personal attention
Cons: No live chat on mobile|Spreads widen during volatile periods
I trusted SCFS Trading Limited with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Instant funding|Good analytical tools
Cons: Wish they had more educational resources|No dark mode on mobile
The so-called education at SCFS Trading Limited is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about eight months thinking they would help me learn.
Pros: Wide product range|Full transparency
Cons: None so far