What is SCE Group？
Hong Kong SCE Group Co., Ltd. is a financial services company based in Hong Kong. It is focused on development, sales, and capital operation within the financial sector with the aim of becoming an international leading financial services enterprise. SCE Group has a team of well-known and experienced experts, technical professionals, and excellent managers. However, please note that SCE Group is currently unregulated. Additionally, there has been a report on their website about difficulties in withdrawing funds.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
Pros of SCE Group:
MT4 supported: SCE Group supports MT4 that is a popular and widely-used trading platform that offers advanced charting, analysis tools, and automated trading capabilities.
24/7 customer support: Having access to customer support at all times can be beneficial, especially for traders who need assistance during non-business hours.
Rich product portfolio: SCE Group offers a variety of market instruments such as forex, oil, metals, and indices, providing traders with a range of options to diversify their portfolios.
Cons of SCE Group:
Not regulated: The lack of regulation can raise concerns about the company's practices, transparency, and investor protection.
Some reports of withdrawal issues: There have been reports of difficulties withdrawing funds, which can be concerning for traders who value the security and ease of access to their funds.
High minimum deposit: The minimum deposit required to open an account is $10,000, which can be a significant amount for some traders, limiting accessibility.
Limited communication channels: The available communication channels are not mentioned, indicating a potential lack of options for reaching out to customer support or resolving issues.
Limited payment methods offered: SCE Group offers only email channels. People who rely on alternative means of communication, such as those with hearing impairments who prefer visual communication or those without reliable internet access, will face barriers if their preferred channels are not available.
Is SCE Group Safe or Scam？
SCE Group claims to provide high levels of security for customer funds by keeping them in isolation with some of the world's top banks.
However, it is essential to note that they do not currently have any valid regulation. As a result, the operations of the company are not overseen by any government or financial authority. This lack of oversight means that investing with SCE Group carries a greater degree of risk than investing with regulated brokers.
If you are considering investing with SCE Group, make sure that you have done your research first. It is essential to understand the potential risks involved and weigh them against the potential rewards before committing your funds. As a general rule, investing with well-regulated brokers is recommended to ensure adequate protection for your investments.
Market Instruments
SCE Group offers a variety of trading instruments across different asset classes.
- Forex: Forex, short for foreign exchange, refers to the trading of different currencies against each other. SCE Group allows clients to trade major currency pairs (such as EUR/USD or GBP/JPY) as well as minor and exotic currency pairs.
- Oil: SCE Group provides trading options for crude oil and other oil-related products. Clients can speculate on the price movements of oil and potentially profit from both rising and falling prices.
- Metal: SCE Group offers trading instruments for precious metals like gold, silver, platinum, and palladium. These instruments allow clients to take advantage of price fluctuations and the intrinsic value of these metals.
- Index: SCE Group enables clients to trade indices, which are representative of a specific group of stocks or assets. Examples of indices include the S&P 500, Dow Jones Industrial Average, and FTSE 100. Trading index instruments allows clients to speculate on the overall performance of a market or sector rather than individual stocks.
Account Types
SCE Group offers two types of accounts: Standard and VIP. Both accounts come with distinct features and benefits, catering to different levels of trading needs and preferences.
Both the Standard and VIP accounts in SCE Group provide access to a robust trading platform, complete with advanced charting tools, real-time market quotes, and secure trade execution. The minimum deposit is $10,000.
Leverage
SCE Group offers a maximum leverage of 1:100 to its traders. Leverage is a tool that allows traders to multiply their trading power by borrowing funds from the broker. In this case, traders can potentially control a position that is 100 times larger than their actual invested amount.
Leverage can be enticing as it enables traders to amplify their potential profits. For example, with a leverage of 1:100, a trader with a $1,000 investment can theoretically control a position worth $100,000. If the market moves in their favor, they can potentially earn substantial returns.
However, it is important to understand that leverage is a double-edged sword. While it magnifies profits, it also exponentially increases risks. Trading with leverage means that even a small price movement in the opposite direction can result in significant losses.
Trading Platforms
SCE Group offers its clients the widely recognized and popular trading platform, MetaTrader 4 (MT4). MT4 is a comprehensive and user-friendly platform that allows traders to access various financial markets and instruments, including forex, commodities, indices, and more.
With MT4, SCE Group clients can trade on the go using their iPhone or Android devices. The MT4 app for mobile devices provides a seamless trading experience, complete with live market quotes, advanced charting tools, and a wide range of technical indicators to aid in making informed trading decisions. Traders can monitor their positions, manage orders, and execute trades with ease, even while on the move.
Deposits & Withdrawals
SCE Group provides its clients with convenient and secure options for depositing and withdrawing funds.
One of the popular payment methods accepted by SCE Group is UnionPay. UnionPay is a widely recognized and trusted payment service provider that allows clients to make deposits and withdrawals using their UnionPay cards. With UnionPay, clients can enjoy fast and seamless transactions, ensuring quick access to their funds.
In addition to UnionPay, SCE Group also accepts deposits and withdrawals in USDT (Tether). USDT is a stablecoin that is pegged to the value of the US dollar, offering a reliable and secure payment option for traders. By using USDT, clients can benefit from the stability and liquidity of the US dollar while enjoying the efficiency and versatility of digital payments.
User Exposure on WikiFX
On our website, you can see a report of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Email: info@scefx.com (24/7)
Address: 18-20/F, Elite Centre, 88 Queen's Road Central, Hong Kong
Conclusion
In conclusion, SCE Group operates in Hong Kong and offers financial services primarily in trading forex, oil, metals, and index instruments. However, it is important to consider that the company is unregulated, has high minimum deposit requirements, and has reports of withdrawal issues. These factors can raise concerns about the safety and trustworthiness of the company.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2023-12-28 12:12
2023-10-03 20:52
