SCEX

SCEX Information

SCEX was founded in 2023 in Melbourne, Australia. It offers more than 800 tradable instruments, including Forex, index CFDs, commodities and cryptocurrencies, with competitive transaction fees.

Pros and Cons

Is SCEX Legit?

SCEXis currently in a state of no effective supervision.

What Can I Trade on SCEX?

SCEX provides various market opportunities with more than 800 tradable financial instruments, including Forex, Index CFD, Commodities and Cryptocurrency.

Account Types

SCEX offers two live account types, namely Standard Account and SCEXS 0.0 account.

Standard accounts do not charge any commission.

SCEXS 0.0 accounts offer institutional spreads as low as 0.0 points. There is a commission of AUD 7 per lot.

SCEX Fees

Standard account commission is zero, the spread is competitive; SCEXS 0.0 account has an extremely low spread of 0.0 points, but requires a commission of AUD 7 per lot.

Swap rates are published weekly and are calculated based on risk management analysis and market conditions. Each currency pair has its own swap rate, with a standard size of 1.0 lot (100,000 base units).

SCEX also charges overnight interest on overnight positions held in equity index CFDS, equity CFDS and commodities. The fee is based on the regional base rate plus (or minus) a fixed fee of 2.5%.

Trading Platform

MT4, MT5 and cTrader are chosen by SCEX to serve clients of different preferences.

Deposit and Withdrawal

SCEX accepts multiple financing methods: credit and debit cards, online wallet options and bank transfers.

For credit and debit cards as well as online wallet options, brokers do not require deposit and withdrawal fees. For bank transfers, the International wire transfer (TT) fee is AUD 20.