SFEX

SFEX Information

Registered in Saint Vincent and the Grenadines, SFEX is a forex broker that offers access to various tradable instruments including forex, gold and silver, stocks, indexes, and cryptocurrencies. The broker also provides an ECN account with a maximum leverage of 1:100. The minimum spread is 0.2 pips, and the minimum deposit is $1000.

SFEXs official website redirects to other discontinued company websites: https://www.earnforex.com/. Its unregulated status makes it safe. The content of this article is all jump website information.

Pros and Cons

Is SFEX Legit?

SFEX claims to be regulated by IFSA under license number 443 LLC 2020. However, SFEX is not regulated, which is not as safe as a regulated one.

What Can I Trade on SFEX?

SFEX offers various market instruments, including forex, gold & silver, stocks, indexes, and cryptocurrencies.

Account Type

SFEX has only one account type: ECN. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

SFEX Fees

The spread is from 0.2 pips. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:100 meaning that profits and losses are magnified 100 times.

Trading Platform

SFEX cooperates with the authoritative MT4, MT5, and cTrader trading platforms to trade. Junior traders prefer MT4 over MT5, while traders with rich experience are more suitable for using MT5. MT4 and MT5 provide various trading strategies and implement EA systems.

Deposit and Withdrawal

The minimum account size is $1000. SFEX accepts Skrill, Wire transfer, UnionPay, and Tether for deposits and withdrawals. However, transfer processing times and associated fees are unknown.