SF Capital FX licences

No client fund protection could be confirmed. The home page claims segregated accounts, but no legal document on the site commits to segregation, and none mentions negative balance protection or any compensation or investor protection scheme. With no confirmed regulator behind the contracting entity, there is also no external body a client could escalate a complaint to.

The client agreement states that clients must not be resident in the United States, Canada, Turkey, Iran, Sudan or Syria, and the site-wide disclaimer adds North Korea. Both statements use the word including, so neither list is presented as complete. The registration form has no country of residence field at all, so there is no published list of countries the broker does accept.

The site states more than 80 instruments across five asset classes: forex with more than 40 currency pairs, spot metals in gold and silver, global indices, energy commodities and cryptocurrencies. All of them trade as CFDs on MT5, and the same instrument range is available on every account tier.

The broker does not publish a withdrawal processing time for any payment channel. Its terms state that withdrawals are subject to identity and anti money laundering checks and that it may refuse or delay a withdrawal where it has concerns about unauthorised access, fraud or regulatory compliance. Because no timeframe is committed to anywhere, withdrawal speed cannot be established before depositing.

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 without naming a processor. Deposits must come from an account in your own name, third party payments are refused, and withdrawals are returned to the original funding source where possible. No fees, limits or processing times are published for any of these channels.

MetaTrader 5 is the only platform, offered as a Windows terminal, a browser WebTrader and iOS and Android apps. There is no MT4 and no proprietary web terminal. A separately branded SF Capital mobile app is also promoted, although both of its store buttons currently lead to the same Apple listing.

Spreads start at 1.0 pips on Standard and 0.5 pips on Professional, both with no commission, while the Raw account starts at 0.0 pips and charges 3.5 USD per lot. The broker does not publish swap rates, inactivity fees or any funding charges, so the full cost of holding a position cannot be worked out from the site.

Maximum leverage is 1:400, and it is the same on all three account types. The client agreement allows the broker to change leverage ratios at any time without prior notice, so the figure is not contractually fixed.

The minimum deposit is 50 USD on both the Standard and the Raw account. The Professional account requires 5,000 USD. Note that the account cards on the site display a 0 USD minimum because a page counter fails to load; the comparison table and the help pages both give the figures above.

The brand is operated by SF Capital LTD, registered in the Mwali jurisdiction of the Comoros Union under number HT00524070 at P.B. 1257 Bonovo Road, Fomboni. A second company, SFC Financial Services L.L.C of Dubai, is described as the entity the brand is powered by. Neither company's registration could be confirmed on an official registry, and neither holds a Legal Entity Identifier.

There is no evidence that SF Capital FX has stolen client money, and nothing found in this research shows it to be fraudulent. What can be said is that its regulatory standing could not be verified and that it presents a commercial trade licence among its regulatory credentials, which overstates its position. It should be treated as unverified and high risk rather than as either proven safe or proven fraudulent.