Sfcap Review – What Can You Find From Irregularities?
Sfcap broker might look legit at first sight. But there are many facts that are pointing out otherwise. For that reason, we will dig together through this Sfcap Review and find out all the details about this broker.
Don’t skip anything because you will see how one word can change the whole look of the broker. A similar scenario you can find in our latest StockCore Review.
|Regulated by:||No regulations|
|Is This Company Safe?||No|
|Have Warnings from:||N/A|
|Registered in:||UK (allegedly)|
|Trading Platforms:||Proprietary web-trader|
|Trading Assets:||Cryptocurrencies, Commodities, Indices, Shares, Forex|
|Free Demo Account:||No|
|How to Withdraw from This Company?||Most likely the only option to withdraw the money is through alternative methods. Primarily chargebacks or refunds. For such options, you can contact our expert team for more advice.|
Legal info: Is Sfcap Legit?
Sfcap company transparently presents a trading license on its website. Those details point out to Soft Trading Limited, a company registered in the UK with a valid FCA license. Thus, the license is valid for F&B business.
After all, the Terms and Conditions of Sfcap company don’t mention that trading name anywhere. Instead, the company is called Soft Capital. Yet, this company is not present in any other Tier 1 register like ASIC, BaFin or CFTC.
Who are Sfcap Victims?
Important to realize is that Sfcap.co domain exists only for a few months according to WHOIS. Thus, the license presented by the FCA is valid since 2021. Nevertheless, this broker managed to spread its tentacles and their scammed victims mostly come from:
- United States
- Saudi Arabia
With this in mind, nobody’s safe. To keep other traders from falling for this scam, let us know about your journey with this broker.
Another key fact is Sfcap reviews. There are only 8 of those with all the dates from 2023. Even though most of those look positive, there’s one disturbing. It seems like the company puts pressure on traders to even take loans to deposit more money.
If this is your case as well, don’t hesitate to contact our team. Whether you need a chargeback or CIpherTrace for crypto tracking, we are available.
Leverage, Commissions, Spreads, Fees and Taxes
All the trading costs with scam brokers are fictive. Their ultimate goal is to take everything from you. Nevertheless, their leverage of up to 1:100 doesn’t match regulatory requirements.
As for the spreads, starting range is between 0.5 and 1.1 pips for accounts without a commission. Thus, if you want a spread starting from 0 pips, you will pay a $25 commission per micro lot. Thus none of the other fees are revealed.
Generally speaking, European regulators have banned it because of malicious policies. With Sfcap broker you can get up to 20% welcome bonus. Thus, there’s also a malicious clause in their T&Cs preventing you to take a withdrawal. Unless you make the minimum trading volume of 30 times the bonus amount + deposit.
Sfcap Trading Features
All the trading features of this broker are based on their web trader. Web trader is a self-explanatory, web-based platform. Thus, you can’t have a dedicated app. Even though this broker promotes it. But that’s not the first thing they lie about.
Is Sfcap legit?
No. The company is falsely presenting itself as legit. On top of that, they have shady trading software with shady trading conditions. Not to mention bonus offers that are banned in the UK. Another mysterious broker with shady services you can find in our UltraBrokerz Review.
Available Trading Assets
Non-surprisingly for many scam brokers, there are all 5 major trading categories available. Yet, that doesn’t make them saints. Anyway, you can choose from:
- Currency pairs USD/GBP, EUR/SEK
- Commodities gold, silver
- Indices FTSE100, ASX200
- Shares Google, Facebook
- Cryptos BTC, ETH
With Sfcap broker, traders can choose between 3 account types. However, none of those present credible offers considering their lies about regulations. Those options are:
- Standard $250
- Pro $2.500
- Expert $25.000
Mobile Trading App
It’s funny that the company offers a mobile app for a web trader. Yet, those buttons don’t work and get you back to the home page. However, we checked PlayStore and AppStore and the Sfcap web trader was not found there.
Sadly, Sfcap doesn’t offer a demo account. But that’s expected from a scam broker. They are definitely hiding its flaws and irregularities with the platform.
Above all, this broker doesn’t offer any kind of education. The only suitable help for traders is found through a few analytical tools. Such as technical indicators, market signals and calendars.
Considering the shady withdrawal policy, you can expect withdrawal issues with this broker. The withdrawal fee is $50 for wire transfers and for credit cards, it’s a $25 fee + $10 processing fee. Also, there’s a 10% fee for withdrawal requests before 200 turnovers on non-verified accounts.
Surprisingly, the company doesn’t offer any UK phone number. Instead, there’s a number from Poland, the Czech Republic and Slovakia. Other options to contact them are through e-mail and an online contact form. Thus, working hours are not revealed.
Key Information To Consider About Sfcap?
Primarily, the company misleads traders about regulations. On top of that, they don’t offer trusted trading software or demo account. After all, there’s a malicious withdrawal policy that will never go in the traders’ favor. On the contrary, it’s designed for you to leave everything in their pockets.
In cases where you were scammed, the best option is to talk to refund professionals. But also to the authorities to expose the scam. Anyway, our team can consult you on the next step. The only thing you have to do is leave us a message. The first consultation is free of charge and without any obligations. Get in touch now.
What Is Sfcap?
Sfcap is allegedly a UK broker but the company offers trading services with many irregularities.
Why Shouldn't I Trust Sfcap?
Firstly, they are misleading about regulations. But also there is malicious withdrawal policy and trading software. If you had any issues, contact our team for advice.
Who Is The Owner Of Sfcap?
The owner of the company is not transparently present anywhere in their legal documents. Which should be another reason to avoid this broker.