SCEX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-06 11:10

Abstract：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.

SCEX Review Summary
Founded	Within 1 year
Registered Country/Region	Bahamas
Regulation	Unregulated
Market Instruments	Forex, Index CFD, Commodities and Cryptocurrency
Demo Account	N/A
Leverage	N/A
Spread	0 for SCEXS 0.0 account
Trading Platform	MT4, MT5, cTrader
Min Deposit	N/A
Customer Support	Email: support@scexus.com

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

Pros	Cons
Over 800 tradable instruments	Lack of Regulation
The minimum spread and commission is 0	Only email support is provided, lack of telephone and online customer serivice
Provide three platforms of MT4, MT5 and cTrader	AUD 20 is needed for International wire transfer (TT)
24/7 Customer Support in multiple languages

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.

Tradable Instruments	Supported
Indices	✔
Forex	✔
Commodities	✔
Crypto currencies	✔
Futures	❌
Bonds	❌

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.

Trading Platform	Supported	Available Devices	Suitable for which type of traders
MT4	✔	Priority Customer SupportVPS hostingAdvanced Insights and ReportsProvide discounts for high volume traders	Traders who are new to the market or who prefer a simpler platform.
MT5	✔	Priority Customer SupportVPS hostingAdvanced Insights and ReportsProvide discounts for high volume traders	Traders who are looking for a more advanced platform with more features.
cTrader	✔	Priority Customer SupportVPS hostingAdvanced Insights and ReportsProvide discounts for high volume traders	Traders who are looking for a fast and efficient platform with a focus on technology.

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.

Deposit Options	Min. Deposit	Fees	Processing Time
Credit cards: Visa and MasterCard	/	No	/
Online wallet options: POLi, BPay, PayPal, Neteller, Skrill, and Union Pay	/	No	/
Bank transfers:Local (BPay) and International (TT)	/	International wire transfer (TT) fees: AUD 20	/

Withdrawal Options	Min. Withdrawal	Fees	Processing Time
Credit cards: Visa and MasterCard	/	No	Withdrawals requested before 21:00 GMT will be processed the next day, while those received before 07:00 AEST will be processed on the same day.
Online wallet options: POLi, BPay, PayPal, Neteller, Skrill, and Union Pay	/	No	Withdrawals requested before 21:00 GMT will be processed the next day, while those received before 07:00 AEST will be processed on the same day.
Bank transfers:Local (BPay) and International (TT)	/	International wire transfer (TT) fees: AUD 20	3-5 business days