SFCO Information
SFCO is a regulated brokerage company registered in China. This firm specializes in future trading with its wide selection of trading platforms. However, it is not a good option for investors who need a wide selection of investments. Furthermore, limited information about trading fees on its website could be a barrier for beginners.
Pros and Cons
Is SFCO Legit?
SFCO is authorized and regulated by the China Financial Futures Exchange (CFFEX), with registration number 0121.
What Can I Trade on SFCO?
Every online brokerage is different in terms of what you can invest in. With SFCO, you can only invest in future trades. Compared to other online brokerages, SFCO doesn't offer as many ways to invest. For example, if you want to trade forex, stocks, or ETFs, you won't be able to do that here.
Besides, this firm also offers future trading consulting and risk management services.
Account Types
SFCO provides account types for retail and institutional investors. Currently, this firm only offers future trading for people in China and at least 18 years old.
For retail investors, you need to provide an original ID card and bank card with the same name. On the other hand, corporate investors need to provide more documents, such as the original three-in-one certificates, the official seal of the enterprise, identity certificates of the legal representative, etc.
Trading Platform
SFCO gives a wide selection of trading platforms for its clients both on desktop and mobile devices. Its mobile app is easy to navigate and supports cloud take-profit, stop-loss, and conditional orders. The Wenhua Yingshun platform provides functions similar to its mobile app, including cloud conditional orders, which will take effect forever after setting. Other platforms each have their bells and whistles to meet investors' differentiated needs.
Customer Support Options
If there's something you need to do that you can't manage online or through the mobile app, you can try reaching out to SFCO's customer support. You can contact them by phone (400-700-6700). There is no online chat feature or email contact option.
The Bottom Line
SFCO could be an option for investors who are focused on future trading in China. This firm provides multiple trading platform options. On the other hand, you need to look elsewhere if you prefer a wider selection of investment choices. Furthermore, its website lacks detailed information about trading fees. As you compare online brokerages, remember to consider the range of investment options and the cost.
FAQs
Is SFCO a regulated brokerage?
Yes, SFCO is authorized and regulated by the China Financial Futures Exchange (CFFEX), with registration number 0121.
What account types does SFCO offer?
SFCO provides trading accounts both for individual and institutional investors.
Does SFCO offer a mobile app?Yes, SFCO provides its proprietary mobile app. It has a user-friendly interface.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for everyone.
