SF Trading Review – Don’t Trade With The sftrading.live Scam Broker

SF Trading Regulation and Safety Of Funds

SF Trading is a classic example of a website that claims to be a regulated and award-winning forex broker but is actually just another scam online. SF Trading does not offer account login as of March 2023. Perhaps this is because it has been under the watch of financial regulators.

If a financial service provider is legitimate, it will have clear and detailed information on its website about who it is, where it is located, and what licenses it holds. A comprehensive collection of legal documents is also available to genuine brokers.

This information is not guaranteed to be accurate or truthful. However, if you don’t see these elements it is a sign that you are dealing with fraudsters.

According to the website’s homepage, Smart Forex Trading Ltd. is the company behind the alleged broker. It is located in London, United Kingdom.

SF Trading claims that the company has been registered with the Securities and Exchange Commission.

The Financial Conduct Authority (FCA) is the UK’s regulator for forex brokers. A check of its databases does not find SF Trading among the licensed brokers.

The link to the Customer Agreement that we must agree to when registering an account is blank. The rest of the legal documentation available on the website is the same. A short Trademark Policy, which lists Monee as the brand listed in the document, is all that’s available. These discrepancies are common in online frauds.

Beware of fake brokers if you plan to invest in financial instruments. You should always verify that the broker you select has all the required licences. Working with a licensed and supervised company like the FCA has many benefits.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

The Financial Conduct Authority (FCA) has strict requirements regarding financial stability and transparency. They are required to provide negative balance protection to clients and participate in a guarantee fund that will cover up to GBP 85,000 for a client’s investments in the event of insolvency. They are required to keep the money of their clients separate from their operating funds and in separate bank accounts.

SF Trading: Assets

SF Trading claims to offer trading in more than 150 financial instruments. However, it does not specify which asset classes it offers, nor does it give any information about trading conditions.

When you visit the licensed broker’s website, you will find different types of trading accounts that are suitable for different investors. You will also find detailed descriptions of trading parameters such as minimum deposits, order execution methods, leverage, spreads, commissions and other financial instruments.

SF Trading: Maximum Leverage, Deposit and Withdrawal

The only parameter specified on the website is a maximum leverage of 1:500. This provides further evidence that SF Trading is not a licensed broker in the UK.

The FCA, like EU regulators, limits leverage to 1:30 for trading in major currency pairs and even lower levels for more volatile assets.

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.

If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Foxane, Trade Genics, Hermes Market.

The Visa and MasterCard logos can be seen on the website, but there is no information on payment methods and fees.

Experience has shown that fake brokers routinely advertise conventional payment methods, but actually steer their potential victims towards cryptocurrency transactions. This not only guarantees them anonymity, but also deprives the defrauded of the option to request a refund or chargeback.

While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill.

There is no reason to bother with suspicious websites like SF Trading, given that the leading brands in the industry offer beginner brokers Micro and Cent accounts with a very low minimum deposit, sometimes as low as 5 USD.

SF Trading: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about SF Trading. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about SF Trading!