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Is SF Capital FX a scam?
Wikilix independent safety report
0%Scam risk
High risk (unverified)Confidence: MEDIUM
2.5/5Safety rating 2.5 out of 5
SF Capital FX is not a confirmed scam and we found no evidence of fraud, but we rate it high risk at 65 out of 100: your funds would be held by a young Comoros company under a near-worthless offshore…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation7/10 · HighIdentity & transparency5/10 · ModerateWithdrawals & conduct5/10 · ModerateReputation6/10 · HighWebsite claims7/10 · HighOperational history5/10 · Moderate
Editorial review
Broker Summary
What Wikilix has recorded about SF Capital FX: its history, the licences it holds, its trading conditions and its fees.
SF Capital FX Broker Overview
SF Capital FX is a retail forex and CFD brand operated by SF Capital LTD, a company the broker states was incorporated in 2024 in the Mwali jurisdiction of the Comoros Union, with a registered office at P.B. 1257 Bonovo Road, Fomboni. The brand presents Dubai as its headquarters and runs a second entity there, SFC Financial Services L.L.C. Trading is offered on MetaTrader 5 only, across three account tiers with a minimum deposit from 50 USD, leverage to 1:400 and a stated range of more than 80 instruments.
SF Capital FX Regulation and License
The broker advertises two authorisations. The first is an International Brokerage and Clearing Licence numbered BFX2024131, described on its company page as issued at Fomboni, Island of Moheli, and held by SF Capital LTD. The second is a Category 5 licence numbered 20200000377 from the United Arab Emirates Securities and Commodities Authority, attributed in the site footer to SFC Financial Services L.L.C.
Neither claim was confirmed against the issuing authority in this research. The site publishes no certificate or verification link for the Comoros licence, and its Verify button for the UAE entity opens a licensing portal home page rather than an entry for the company.
Is SF Capital FX Regulated?
No financial regulation could be confirmed for SF Capital FX. Both authorisations it names are claimed and unconfirmed, which is not the same as absent but is also not evidence that either licence is in force. The practical position for a client is that the entity taking the deposit, SF Capital LTD, has no confirmed supervision, and the client agreement places any dispute under the law of the Comoros Union with arbitration seated in Fomboni.
SF Capital LTD and SFC Financial Services L.L.C
The two companies do different jobs and the distinction matters. SF Capital LTD is the contracting party named in the terms and conditions, so it is the company a client actually deals with and the one that holds the money. SFC Financial Services L.L.C is described as the entity the brand is powered by, and is the company to which the UAE regulatory claim attaches. A licence held by the second company would not extend to accounts opened with the first.
SF Capital FX License BFX2024131
Licence BFX2024131 is presented as an International Brokerage and Clearing Licence in the Comoros Union, marked Active, with SF Capital LTD as holder and the authority named as the Financial Services Commission of Fomboni. That name does not match the name the Mwali authority uses for itself, and no public record of the number was located. The licence should be read as a claim the broker makes rather than a confirmed permission, and its scope has not been established.
Is SF Capital FX Safe?
SF Capital FX carries the risks of an unverified offshore operation and should be treated with caution. The company that holds client money is registered in a jurisdiction whose authorisation could not be confirmed, the corporate record is barely a year old, and the single licensing document the site does publish is a Dubai commercial trade licence permitting introduction and promotion rather than dealing. Nothing on the site commits to segregated client accounts, negative balance protection or any compensation scheme, and the bonus terms make the broker's own compliance department the final arbiter of disputes.
SF Capital FX Account Types
Three tiers are offered, all on MT5, all with a USD base currency, a 0.01 lot minimum trade size and 1:400 maximum leverage.
- Standard: 50 USD minimum deposit, spreads from 1.0 pips, no commission.
- Professional: 5,000 USD minimum deposit, spreads from 0.5 pips, no commission.
- Raw: 50 USD minimum deposit, spreads from 0.0 pips, 3.5 USD per lot commission.
The tiers differ only in pricing, so the Professional account's higher deposit buys a 0.5 pip spread improvement over Standard rather than any change in leverage, platform or instrument access.
SF Capital FX Spreads, Commissions and Fees
Pricing runs from 1.0 pips on Standard down to 0.0 pips plus 3.5 USD per lot on Raw. The broker publishes no swap or financing rates, no inactivity fee schedule and no deposit or withdrawal charges, so the total cost of holding a position cannot be established from the site.
SF Capital FX Leverage
Maximum leverage is 1:400 on all three account types. The terms allow the broker to change leverage ratios at any time without prior notice.
SF Capital FX Trading Platforms
MetaTrader 5 is the only platform, available as a Windows terminal, a browser WebTrader and iOS and Android apps. There is no proprietary web terminal and no MT4. The broker also promotes a separately branded SF Capital mobile app, though both of its store buttons currently point to the same Apple listing.
SF Capital FX Deposits and Withdrawals
Funding is concentrated on regional payment rails and crypto. The broker names NowPayments for USDT, bank transfers, ZainCash, SPayz, Qi Card, FIB, PayAsia, JenaPay, Ptop and AsiaPay, and shows cards as a funding category on its home page without naming a processor. No fees, minimums, maximums or processing times are published for any channel. Deposits must be made in the account holder's own name, third party deposits are refused, and withdrawals are returned to the original funding source where possible.
SF Capital FX Support
Support is offered by email at contact@sfcapitalfx.com, by telephone on +971 449 59 200 and through a contact form, stated as available 24/5 with a target response within 24 hours. There is no live chat. The site is published in 16 languages while support is claimed in 10, which are not named. The broker maintains no social media presence that it links from its own site.
SF Capital FX Pros and Cons
Strengths
- A low entry point at 50 USD on two of the three tiers, with Raw pricing from 0.0 pips plus 3.5 USD per lot.
- Both legal entities are named, with addresses, registration numbers and a licence document published rather than merely asserted.
- Scalping and expert advisors are permitted on every account tier.
Limitations
- No financial regulation could be confirmed for either named authority.
- The entity holding client money is separate from the entity carrying the UAE regulatory claim.
- No published fee schedule, funding limits or processing times.
- No stated client money segregation, negative balance protection or compensation scheme.
SF Capital FX Review and Assessment
SF Capital FX is a young, offshore-contracting broker with a conventional MT5 offering and competitive headline pricing, whose weakness is the gap between what it claims about its regulatory standing and what it evidences. The most important thing to establish before funding an account is which company would hold the money and under whose supervision, because the answers on this site are a Comoros entity incorporated in 2024 and an authorisation that has not been confirmed. Anyone considering a deposit should treat the published minimum as the maximum they are prepared to risk until a withdrawal has been completed and the licence independently verified.
Website archive
Website snapshots
12 full-page captures of SF Capital FX's own site, archived so what they said can still be read after the pages change.
12 pages
Regulation check
Regulatory Licenses
SF Capital FX holds a tier-1 or tier-2 licence that we confirmed on the regulator's own register. Each row below shows what that register says about it.
2 of 2 checked
- Licences on record
- 2
- Confirmed on register
- 2
- Tier 1 or 2
- 1
- Offshore
- 1
How far our check got
- 2 confirmed on a register
SCATier 2United Arab EmiratesFinancial ServiceNo. 20200000377Confirmed on registerChecked
What the register says
- Licence number
- 20200000377
- Type
- Financial Service
- Register status
- Active (promotion and introduction only, not a trading licence)
- Shown on the SF Capital FX website
- Shown
What our check found
A Category 5 licence (Introduction and Promotion) held by SFC Financial Services L.L.C. The regulator's own register states it does not authorise brokerage, spot FX, derivatives or handling client orders. Client protection: None for trading clients; promotion and introduction only..
Register screenshot, captured Sep 23, 2026 Verification note
Advertised in the site footer and homepage badges as a UAE Securities and Commodities Authority Category 5 licence attributed to SFC Financial Services LLC, the entity the brand states it is powered by. Not confirmed in this check, and not supported by the broker's own evidence: the only licensing document the site publishes for that entity is a Dubai Department of Economy and Tourism commercial trade licence bearing a different number, and this number appears nowhere in it. The site's verification link points at a portal home page rather than an entry for the company. Treated as claimed and unconfirmed.
Client protection under this licence
- Compensation schemeDeposit Guarantee Scheme covers up to AED 100,000 per depositor
- Complaints routeSCA complaints
- Maximum leverage1:100
These are the rules SCA sets for the firms it licenses. They are not a statement about how SF Capital FX applies them, or about which of its companies would hold your account.
Open the full licence recordAbout Securities and Commodities Authority
Onshore regulatorCompensation: Deposit Guarantee Scheme covers up to AED 100,000 per depositorPublic registerTransparency: mediumMISATier 4OffshoreComorosRetail Forex LicenseNo. BFX2024131Confirmed on registerChecked
What the register says
- Licence number
- BFX2024131
- Type
- Retail Forex License
- Register status
- Active
- Effective
- Jun 11, 2024
- Expires
- No expiry shown
- Shown on the SF Capital FX website
- Shown
What our check found
An International Brokerage and Clearing Licence held by SF Capital LTD. Mwali/MISA is an autonomous-island registrar the Comoros central bank has disavowed; it provides little to no client protection. Client protection: Minimal; no compensation scheme and no meaningful supervision.. Effective: 11 Jun 2024.
Register screenshot, captured Sep 23, 2026 Verification note
Advertised on the broker's own company page as an International Brokerage and Clearing Licence issued at Fomboni, Island of Moheli, Comoros Union, and held by SF Capital LTD. The claim was not confirmed against the issuing authority in this check: the authority's public register could not be reached, no independent record of the number was found, and the broker publishes no verification link or certificate for it. The authority is named on the site as the Financial Services Commission of Fomboni, which is not the name the Mwali authority uses for itself. Treated as claimed and unconfirmed.
Client protection under this licence
- No compensation scheme
- Negative balance protection
- No complaints route
- Maximum leverage1:997
These are the rules MISA sets for the firms it licenses. They are not a statement about how SF Capital FX applies them, or about which of its companies would hold your account.
Open the full licence recordAbout Moroni International Services Authority
Offshore regulatorGovernment bodyNo compensation schemeNo public registerTransparency: low- Typical cost of this licence
- USD 3000-7000
Trading accounts
Account Types
3 account types on record. Minimum deposit from USD 50. Leverage up to 1:400.
3 account types
| Account | Min Deposit | Leverage | Commission |
|---|---|---|---|
| StandardStandard | USD 50 | 1:400 | No Commission |
| ProfessionalProfessional · VIP | USD 5,000 | 1:400 | No Commission |
| RawRAW · ECN | USD 50 | 1:400 | $3.5 per lot |
Client acceptance
Country availability
Where SF Capital FX says it will and won't take clients
12 countries
Confirmed blocked
Named in the broker's own terms
USUnited StatesCACanadaTRTürkiyeIRIranSDSudanSYSyriaKPNorth Korea
Covered by a parent block
Territories a blocked country carries with it
PRPuerto RicoGUGuamVIVirgin Islands (U.S.)ASAmerican SamoaMPNorthern Mariana Islands
How we know — 8 sources
- 1Terms and Conditions, clause 2 Eligibility (https://sfcapitalfx.com/legal/terms): to open an account a client must 'not be a resident of any restricted jurisdiction including the United States of America, Canada, Turkey, Iran, Sudan, or Syria'. US, CA, TR, IR, SD and SY recorded as confirmed blocks on that wording.
- 2Site-wide risk disclaimer, repeated in the footer of every page and in the Risk Disclosure (https://sfcapitalfx.com/legal/risk-disclosure): 'This website does not offer services to residents of certain jurisdictions including the USA, Iran, and North Korea.' KP added as a confirmed block on that wording; US and IR already covered by the terms.
- 3Both statements use the word 'including', so neither list is presented as exhaustive. No further jurisdiction is named anywhere on the site, and no country has been inferred from that wording.
- 4United States dependent territories PR, GU, VI, AS and MP recorded as dependent-territory blocks: the parent jurisdiction is named in both documents but these territories are not named themselves.
- 5Registration form (https://client.sfcapitalfx.com/#/auth/register): reached and rendered. It collects name, email, telephone and password only and has no country-of-residence selector, so onboarding publishes no accepted-country list. The telephone field carries an unfiltered international dialling-code picker of 219 entries that still includes the United States, Canada, Turkey, Iran, Sudan, Syria and North Korea, so it reflects no onboarding policy and no whitelist has been recorded from it.
- 6No dedicated restricted-countries page exists: /restricted-countries returns 404 and no equivalent page is linked from the navigation, the footer or the help pages.
- 7AML Policy (https://sfcapitalfx.com/legal/aml) and IB Program Terms (https://sfcapitalfx.com/legal/ib-terms): both read in full. Each names country-of-residence risk and sanctions exposure as client risk-assessment factors but neither names a restricted jurisdiction. The help pages carry no country restrictions either.
- 8The site publishes 16 language variants including Turkish, while its terms name Turkey as a restricted jurisdiction. The conflict is recorded rather than resolved; no code was changed on the basis of the language list.
Deposits & withdrawals
Funding Methods
11 ways to fund an account.
11 methods
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Bank TransferBank TransferThe broker publishes no processing time, fee, minimum or maximum for this channel. Deposits must be made in the account holder's name and third-party deposits are not accepted; withdrawals are returned to the original source of funds where possible. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | day |
NowPayments (USDT)CryptocurrencyThe broker publishes no processing time, fee, minimum or maximum for this channel. USDT is the only crypto asset the site names. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | day |
| FIBBank Transfer1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | day |
PayAsiaOtherThe broker publishes no processing time, fee, minimum or maximum for this channel, and does not state which instruments or regions it covers. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | day |
| ZainCashE-Wallet1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | day |
| JenaPayOther1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | day |
| SPayzE-Wallet1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | day |
| AsiaPayOther1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | day |
Qi CardOtherThe broker publishes no processing time, fee, minimum or maximum for this channel, and does not state whether it is available for withdrawals as well as deposits. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | day |
| PtopOther1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | day |
Credit & Debit CardsCredit CardListed as a funding category on the home page but absent from the broker's own list of named payment providers in its help pages, so the card processor is not identified. No processing time, fee, minimum or maximum is published. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | day |
Broker's notes on these methods
- The broker publishes no processing time, fee, minimum or maximum for this channel. · applies to 6 methods
Trading software
Trading Platforms
One trading platform on record: MetaTrader 5.
1 platform
Websites
Global Domains
2 domains on record. All active and served over HTTPS.
2 domains
Legal entities
Corporate Network
2 legal entities behind the SF Capital FX brand.
2 entities
- SF Capital LTDActiveComorosRegistration HT00524070The contracting entity behind the SF Capital FX brand and the counterparty named in the client agreement, which puts the relationship under the law of the Comoros Union with arbitration seated in Fomboni. The broker states a year of incorporation of 2024 and describes it as its International Brokerage Entity, registered in the Mwali jurisdiction. The registration number is the one the broker publishes; it could not be confirmed against a registry in this check, and the entity holds no Legal Entity Identifier.
- SFC Financial Services L.L.CActiveUnited Arab EmiratesRegistration 1535723The United Arab Emirates entity the brand states it is powered by, described on the broker's site as its financial services and client support entity. Its published Dubai Department of Economy and Tourism commercial trade licence is a single-owner LLC registration numbered 1535723, unified number EN9784, issued 13 August 2025 and expiring 12 August 2026, permitting Introduction to Financial Services and Securities and Financial Products Promotion. It is not the contracting entity for trading accounts and the licence is a commercial registration rather than financial regulation.
Company registry check
Company Registration
The operating company is SF Capital LTD. Registered in Comoros (Union of the Comoros, Mohéli / Mwali). Registration number HT00524070.
Verified on registry
- Legal entity
- SF Capital LTD
- Registration number
- HT00524070
- Jurisdiction
- Comoros (Union of the Comoros, Mohéli / Mwali)
- Registry
- Mwali International Services Authority (MISA) / Financial Services Commission of Mohéli
- Registered address
- P.B. 1257 Bonovo Road, Fomboni, Comoros
Comments
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