Note: For some unknown reason, we cannot open SFC Markets official site (https://sfcmarket.com) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
SFC Market, a trading name of Garfield Business LTD, is allegedly a financial company registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with leverage up to 1:400 on the industrys leading MetaTrader4 trading platform.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, spreads, etc.
As for regulation, it has been verified that SFC Market does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.25/10. Please be aware of the risk.
Leverage
The maximum leverage ratio offered by SFC Market is as high as 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform Available
The platform available for trading at SFC Market is said to be the industry-standard MetaTrader4. However, we have no way to confirm if it is really available due to its broken links. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
SFC Market says to support deposits via credit cards, wire transfers and the Skrill and Neteller e-wallets. As for the minimum deposit requirement, it seems to be $100.
Bonuses & Fees
SFC Market claims to offer some bonuses. However, the bonuses are bound with certain turnover requirements, just as the below screenshot shows. That is to say, if you have been given as little as $20, you would need to achieve a turnover of over a million dollars.
In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.
Also, you will suffer a fee of 50% of your money. There are also some vague subscription fees that SFCmarket says nothing about, except for what is found in the screenshot below:
Customer Support
SFC Market‘s customer support can be reached by telephone: +44 130 632 8001, +44 204 542 7590, email: contact@sfcmarket.com. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.
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 contained in this article is for general information purposes only.
