Abstract:Established in Saint Vincent and the Grenadines, SFEX is an unregulated forex broker that offers trade in forex, metals, crypto, commodities, indices, and stocks. It also claims to offer two types of accounts, ECN and VIP accounts with different leverage and commission requirements. Currently, SFEX's official website is unfunctional.
Note: SFEX's official website: https://www.sfex.vip/index/language/en-us is currently inaccessible normally.
| SFEX Review Summary | |
| Founded | Not Mentioned |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No Regulation |
| Market Instruments | Forex, Metals, Crypto, Commodities, Indices, Stocks |
| Leverage | 1:200 |
| Spread | 1 pip |
| Trading Platform | MT4 |
| Company Address | First Floor, First St. Vincent Bank Ltd Building, P. O Box 1574, James Street, Kingstown, St. Vincent & the Grenadines |
| Customer Support | Email: info@sfex.vip, partner@sfex.vip |
Established in Saint Vincent and the Grenadines, SFEX is an unregulated forex broker that offers trade in forex, metals, crypto, commodities, indices, and stocks. It also claims to offer two types of accounts, ECN and VIP accounts with different leverage and commission requirements. Currently, SFEX's official website is unfunctional.
| Pros | Cons |
| Wide Range of Market instruments | Unfunctional Website |
| Limited Customer Support Channels | |
| Lack of Regulation |
Pros
SFEX provides traders with multiple market instruments, including Forex, Metals, Crypto, Commodities, Indices, and Stocks.
SFEX's official website cannot be opened currently. We can't test their trading conditions and trading platforms. To make it worse, the unfunctional website of SFEX has resulted in email being the only accessible customer support channel we can locate. Most importantly, SEFX is an unregulated platform! Trading with SEFX is of high risk.
SFEX has not been regulated by any notable authorities, indicating a lack of Legal guarantees in trading operations. Moreover, St. Vincent and the Grenadines is a seaward zone where forex representatives are not controlled. Brokers from such offshore zones do not provide a guarantee for the safety of clients funds.

SFEX offers traders a wide range of investment products, including Forex, Metals, Crypto, Commodities, Indices, and Stocks. However, compares to other brokers, it doesn't offer access to other popular trading options like options, energy products, ETFs, and more.
SFEX offers 2 different types of accounts – ECN and VIP.
VIP Account is subscription-based. Additionally, VIP Account comprises payments for one, six, and twelve months, with varying monthly amounts. The lowest monthly payment of $20.75 is available for the 12-month plan. The six-month account, with a monthly payment of $23.1, is the second-lowest, and the one-month account, with an initial deposit of $24.9, is the last.
| Plan | Payment |
| 1-month plan | $24.9 |
| 6-month plan | $23.1 |
| 12-month plan | $20.75 |
In terms of ECN Account, it's a standard account with a commission and spread.
SFEX offers a high leverage of 1:200 for ECN account. A leverage of 1:200 means that for every $1 of the trader's capital, they can control a position worth $200 in the market. However, it is essential for traders to exercise caution and carefully consider their risk tolerance, as higher leverage also amplifies potential losses.
On the one hand, for the VIP account, there is no commission.
On the other hand, the ECN account features a commission of $1.50 per side for EUR/USD trades, totaling $3 for both buy and sell transactions. The spread for the ECN account is 0.7 pips, but when accounting for the commission, the effective spread is 1 pip.
SFEX claims to offer MT4 (MetaTrader 4) as its trading software. MT4, as known as MetaTrader 4, is one of the most popular trading platform in forex trading. It provides a wide array of diagramming features, an automated trading option, and a financial calendar, along with trading signals available through a subscription fee.
Withdrawing is free once every month when using a VIP account. In terms of ECN account, we couldn't find any related information.
Currently, the only customer support channel available is email: info@sfex.vip.
To sum up, due to the many downsides of SFEX including lack of regulation, unfunctional official website, and limited customer support channels, we don't recommend you to operate trading with this platform. You should preferably choose a regulated broker.
Is SFEX regulated?
No. SFEX is not regulated.
What's the leverage offered by SFEX?
SFEX claims to offer a leverage of 1:200, which may seem favorable but also highly risky.
Is SFEX safe?
No. SFEX seems risky as it is not regulated by notable authorities and is situated in Saint Vincent and the Grenadines, which is known as a shady region.
Is SFEX a good broker for beginners?
No. SFEX lacks regulatory oversight and a fully functional official website, therefore it's not good for beginners.
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.

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