Score

6.07 /10
Average

SFOCL

United States

2-5 years

Regulated in United States

Financial Service

Suspicious Scope of Business

Medium potential risk

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Score

Regulatory Index4.62

Business Index6.19

Risk Management Index8.90

Software Index4.16

License Index4.62

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Licenses

VPS Standard
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Single Core

1G

40G

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Broker Information

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Company Name

SFOCL GROUP LIMITED

Company Abbreviation

SFOCL

Platform registered country and region

United States

Company website

Company summary

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SFOCL · Company summary
SFOCL Review Summary
Founded2024-07-10
Registered Country/RegionUnited States
RegulationRegulated
Market InstrumentsForex/Commodities/Futures/Cocoa Soy CFDS/Precious Metals/Energy
Demo Account
LeverageUp to 1:400
SpreadAs low as 1.0 pip
Trading PlatformSFOCL(Computers/Tablets/iOS/Android)
Min Deposit$200
Customer Support24/7 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.

SFOCL Information

Pros and Cons

Pros Cons
RegulatedHigh Spread
24/7 Live SupportLimited contact methods
Various trading instrumentsMT4/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.

Is SFOCL Legit?
Is SFOCL Legit?
Is SFOCL Legit?

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
What Can I Trade on SFOCL?

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 StandardECN
Max. Leverage1:4001:400
Min. Spread1 pip1.0 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.

SFOCL Fees

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.

Trading PlatformSupported Available Devices
SOCIALComputers/Tablets/iOS/Android
Trading Platform

Deposit and Withdrawal

The minimum deposit is $200. SFOCL accepts Mastercard, Digital currency, Skrill, NETELLER, and BANK TRANSFER for deposit and withdrawal.

Deposit and Withdrawal

News

NewsIs SFOCL Reliable?

SFOCL is a global company headquartered in the United States. In this article, we'll look in-depth at SFOCL, examining its key features.

WikiFX
2024-08-16 16:36
Is SFOCL Reliable?

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