SFOCL Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-03 12:24

Abstract：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.

SFOCL Review Summary
Founded	2024-07-10
Registered Country/Region	United States
Regulation	Regulated
Market Instruments	Forex/Commodities/Futures/Cocoa Soy CFDS/Precious Metals/Energy
Demo Account	✅
Leverage	Up to 1:400
Spread	As low as 1.0 pip
Trading Platform	SFOCL(Computers/Tablets/iOS/Android）
Min Deposit	$200
Customer Support	24/7 live support

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.