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Regulated
Score
8.28 /10
Good
SCFH
15-20 yearsRegulated in Hong Kong
Dealing in futures contracts
Suspicious Scope of Business
Hong Kong Leveraged foreign exchange trading Revoked
Suspicious Overrun
Medium potential risk
Influence
C
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index8.54
Business Index8.77
Risk Management Index7.18
Software Index7.69
License Index8.54
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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WikiFX Risk Alerts
7
Previous Detection :
2025-06-27
- China Hong Kong SFC (license number: AQE524) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
- This broker exceeds the business scope regulated by China Hong Kong SFC(license number: AAA874)SFC-Dealing in securities Non-Forex License. Please be aware of the risk!
WikiFX Verification
| SCFH Review Summary | |
| Founded | 1999 |
| Registered Country/Region | Hong Kong |
| Regulation | Regulated by SFC |
| Market Instruments | Stocks, futures, options |
| Demo Account | ❌ |
| Trading Platform | South China stock trading APP and Windows software, Ayers Token Mobile APP, Sharp Point System, and SP Trader Pro HD Mobile App |
| Minimum Deposit | 0 |
| Customer Support | Tel: (852) 2111 2222/ (852) 2111 2332/ (86) 4001 200 623 |
| Fax: (852) 3101 9200 | |
| Email: hotline@sctrade.com | |
| Facebook, Instagram, YouTube | |
South China Financial Holdings Limited (“SCFH”) was founded in 1999 by three investment experts. SCFH specializes in finance and investment and is listed on the Stock Exchange of Hong Kong since July 1993. It provides financial services, including securities, foreign exchange, bullion, financial futures, and global commodities broking and trading, through traditional and online trading platforms. Its business coverage extends to China, Taiwan, Southeast Asia, and the United Kingdom.
Here is the home page of this brokers official site:
Pros and Cons
| Pros | Cons |
| Regulated by SFC | Complex fee structure |
| No minimum deposit requirement | No demo accounts |
| Social media presence | |
| Various trading platforms |
Is SCFH Legit?
As of now, SCFH is regulated by the Securities and Futures Commission (SFC), holding Dealing in futures contracts with No. AAF640. However, its license of SFC (Leveraged foreign exchange trading, AQE524) has been revoked.
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
| Hong Kong | The Securities and Futures Commission (SFC) | Regulated | South China Commodities Limited | Dealing in futures contracts | AAF640 |
| Hong Kong | The Securities and Futures Commission (SFC) | Expired | South China Commodities Limited | Leveraged foreign exchange trading | AQE524 |
What Can I Trade on SCFH?
SCFH offers stocks, futures, options, brokerage services, discretionary service, investor corner, wealth management, investment banking, and SC Private.
| Trading Instruments | Supported |
| Stocks | ✔ |
| Futures | ✔ |
| Options | ✔ |
| Forex | ❌ |
| Commodities | ❌ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| ETFs | ❌ |
Trading Account
SCFH offers personal and corporate accounts. You can open an account by person or by email. No charges or minimum deposit are required to open an account in South China Securities. But a cheque with an amount not less than HK $10,000 made payable to “South China Securities Limited”. For detailed account opening procedures, you can click: https://www.sctrade.com/en-us/articles/faq
SCFH Fees
SCFH charges various fees according to different products and services. Take Hong Kong stock as an example:
| Charge Type | Detail |
| Commission Charge - Internet Trading | 0.0588%, Minimum HK$50 |
| Commission Charge - Brokerage Service | Negotiable |
| Transaction Fee | 0.00565% (rounded to the nearest cent) |
| SFC Transaction Levy | 0.0027% (rounded to the nearest cent) |
| Stamp Duty | 0.10% (rounded up to the nearest dollar) |
| CCASS Stock Settlement Fee | 0.005% (0.002% charged on behalf of HKSCC), minimum HK$5, maximum HK$200 |
| AFRC Transaction Levy | 0.00015% (rounded to the nearest cent) |
| Gray Market Trading Charges | Minimum charge per order is HK$150 (commission rate remains unchanged) |
| Platform fee | Negotiable |
| Custodian fees | Negotiable |
For more details, you can learn from the link: https://www.sctrade.com/en-us/articles/charges
Trading Platform
On SCFH, you can use South China stock trading APP and Windows software, Ayers Token Mobile APP, Sharp Point System, and SP Trader Pro HD Mobile App. You can download through their official website: https://www.sctrade.com/en-us/articles/technical-support
Deposit and Withdrawal
SCFH provides bank transfer to take a deposit. But for different products, they require different bank accounts. You can click: https://www.sctrade.com/en-us/articles/deposit-withdrawal to learn specific ways.
Besides, you can initiate a withdrawal through their platforms. Simply navigate to the “Withdraw” section. Then, fill out the withdrawal details and click “OK” to submit the request.
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