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 believe the bonus offer from SCFS Trading Limited. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a friend recommended them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Helpful community forum|Fast support response
Cons: Some tools only available on higher tiers|Inactivity fee applies after 12 months
The onboarding at SCFS Trading Limited was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Educational resources|Market news feed|Smooth onboarding|Personal attention
Cons: Minimum deposit could be lower|No fractional shares
I joined SCFS Trading Limited from a review site like this one and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Copy trading available|Tax reports included|Personal attention
Cons: Wait times can be long during peak hours