In the ever-evolving world of financial trading, investors are constantly seeking platforms that offer safety, transparency, and substantial returns. However, not all platforms can deliver on these promises. SFOCL is one such company that has raised significant concerns. Despite claiming to be regulated and providing robust financial services, a closer examination reveals numerous potential issues that investors must be wary of. This article delves into why SFOCL is a scam, highlighting its lack of transparency, dubious regulatory status, and the risks posed to unsuspecting traders.
![SFOCL official website](https://production-app-asset.traderknows.com/images/52f669f8367041cba7eacfbd0713cb50.width-800.jpg?Expires=1728319631&Signature=QKnCnlyKhuFt1HhzaWLW-xIlBF-L17Pf6idoOTmm-BtAzQWZEpUQsbHP--N9wW6tLr9mg1aldmD-2INviXWKYV1o669Gtuelhi9su3w6-dsuG39PkwnV9vqO4FyFsgghi2Ka43-rgdHUP9C~k4jJhpa6Uaf-1A3zNTrivqa7tQpbh0EGeyjiJYXkf2LSzuoeollHedvgNqp5kthwpR~TsBUVZuQ4n99z6k0ZZcoG5H5Z90mzUjUwwqaS7WgxgaIy~L4Xs9Jl4b7boqcSt1rDKYQuEhQBvUIFZt~isv43h5TCkXhZWKCcz5F048EcedvAKe9ZuDEZPBMQNSbaTnoaIw__&Key-Pair-Id=K3LHBTUA5A7KEY)
What is SFOCL?
SFOCL is a financial services company founded or registered on July 12, 2024, with its address at 999 15th St, Denver, Colorado, USA. It offers forex trading, precious metals trading, and commodities trading, with its website supporting up to 12 languages. The site uses SFOCL's proprietary trading platform, and both standard and ECN accounts have a minimum deposit of $1000, with leverage up to 400:1.
Why is SFOCL flagged as a scam? Let’s delve deeper.
Is SFOCL Safe and Trustworthy?
SFOCL's domain was registered on July 10, 2024, and the company was registered on July 12, 2024. The short duration between the domain registration and company establishment raises several concerns:
- Lack of Credibility: Companies with short registration and domain durations often lack credibility. Investors and clients might question whether the company has sufficient experience and a stable operational foundation, leading to decreased trust in its services and products.
- Limited Track Record: A short operational history means the company lacks sufficient historical data to demonstrate its stability and long-term performance. Investors and clients cannot assess the company's reliability and future potential based on past performance.
- High Risk of Fraud: Some short-term registered companies may be scams or traps set by unscrupulous operators to quickly attract funds and then disappear. This poses a high risk to investors and clients, potentially leading to financial losses and legal disputes.
![SFOCL registration time on whois](https://production-app-asset.traderknows.com/images/ce1187b5131d483c8b10f00df9bc829f.width-800.jpg?Expires=1728319631&Signature=eYStgwsl7meMpy0Lnwjo0Wd1nNOSdB2oY1hI4eXmZMgnlghaEt33WUnyvPtfJE52g7~2X7TjqgYx1TOdDm3zDCt1lR1DSZtl7iB80RmubQcaiEXlfreUZGDSseksaXtMlTNo9hHhm31yFIJvlJn1eGwzG5r7jhAbbo2oiLBepL23wWDI9JwcmcAK0clAHWsSmiO5XKs9dXInPlnK2Awsmfm9lqna6N9VF0Th2~zJZC1Ls8iH5dYtm1yVnKdJS1K8mNom4uJWTQeC2oMp58qqjjRj4ao3c14J9CqVv9OjjYwjtuVcvqD3UJUQZqnt0F5bYVwzCAbA~7S~DwFwnsoYYQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
SFOCL's Regulatory Information
One of the most concerning aspects of SFOCL is its misleading claims about regulatory compliance. Although the company asserts that it is regulated by the US Money Services Business (MSB) and the National Futures Association (NFA), investigations reveal otherwise.
![Regulatory claims on SFOCL website](https://production-app-asset.traderknows.com/images/5998bd498eb2477d897daaac834f1059.width-800.jpg?Expires=1728319631&Signature=VCoBtJul-1lSn0bVtY9BKY~p7ACQ9t5aqY2ibJxLmboFH6qG393XLBNrR6fG~mpmkRTQovgfUNKy6gojfprGuDfhGh-y41bQZOkqiyELfVaiNo7wcahO5HEWKxIfNgBP~26vpqVDOUK-ZXBacaPMklaBhDsl8SOUtMUdFA8zbPFTtRtplzykwWMpKbkgflCehBTMyvYHgeBh3sbtMOsdgakuhZopD-HDD26zr2EkV0~SX5Ap70Vtu5mPM~ABxHQHnV-KWFEOfl0pZ0uVMPp47DimlzTjHokwfEJQuMbnGozFcRmzb8bV1tvAKtaxqecqe3TeTs~yLowFzvikueQXbg__&Key-Pair-Id=K3LHBTUA5A7KEY)
MSB Regulation
While SFOCL's MSB certificate can be found on the FinCEN website, MSB is overseen by the Financial Crimes Enforcement Network (FinCEN) under the US Department of the Treasury, primarily focusing on currency exchange and money transfer businesses. It does not specifically regulate forex trading. Therefore, SFOCL’s claims about MSB regulation are misleading, as it does not provide genuine oversight of its forex trading activities.
![SFOCL's MSB license on FinCEN](https://production-app-asset.traderknows.com/images/1490e05fa4474d8baf2f790534d47cfd.width-800.jpg?Expires=1728319631&Signature=rFNLq1KNL-41tjktM3wey45nt0ZfZZ4CZglWkeoF8b1Fw5QLLiwTuPDF9XjTPEadGeMa5z0tCiOZ3cZLwUKCvtJIMFEuxazVN~TZIvRqaPw7fpxIdnkI1YX~YNHMuP3lWlYV~L7GbBeFwtsrlhnu1eI1JXIBMlFfkkAmbXHGsHCjfYYaTrehCQPnshROeMP2rxB4UpJjScvWmDV04rwrHHCFNlC6vxP8FaB57ox0kgXgguvDxERU18gRiV76bs30WBNPRyhwg4u1t9dfb6KlvqrwnJLQtpFSTOJBxS0cGvGttJDRRNj~iRItFRaKzsGZuYxzI6Z5lMr92LU-I6cXMA__&Key-Pair-Id=K3LHBTUA5A7KEY)
NFA Regulation
The NFA is a self-regulatory organization overseeing US forex brokers. Despite SFOCL's claim of NFA regulation, investigations show that the platform is neither listed nor recognized by the NFA. This lack of genuine regulatory oversight means SFOCL operates without the necessary protections and assurances, making it difficult for investors to trust the safety of their trades.
![No listing for SFOCL on NFA](https://production-app-asset.traderknows.com/images/5fb42122276c431d9669897dce99aea4.width-800.jpg?Expires=1728319631&Signature=IZRqZOxwp7UMKw0~DC2cgHdCtnByc~HX7XAc~-nJ2eQ90erAOEThUA1MYNDKHhG3oBASH3Ysj9eu5cGtBIAAnjWhExqeuOAW0jxw27OA-Jcwam4RWM03oZPeCRQXwuqt2UeoH3TkbnDt-Sb14-yNokfwTetbWgJIgratZk6d0L3O1UBWk4tdomg3iGfHNlD40vtNl~c3dcIm9ziE5PFSo8XLHz7Iq9FZH~TE-i9LiTOhFRnMn9YFlLU12YdTvifr8bB6JHoJYqzuhUAE6SKddn8Hbewf-q8n8jiGZCwRaN5slgaQIVBrJpRgwWdCiX8RmU4By2rkq73~swcWnUHTJw__&Key-Pair-Id=K3LHBTUA5A7KEY)
SFOCL's Fund Security Issues
SFOCL claims on its website that its funds are 100% segregated by a Swiss bank to enhance investor confidence in fund security. However, SFOCL fails to provide any documentation to verify the truth of this fund segregation. The company and regulatory documents page on the official website only displays a fake NFA regulatory document, an MSB certificate, and a certificate of good standing from Colorado. Such practices can severely undermine investor trust in the company's credibility.
![SFOCL's company and regulatory documents](https://production-app-asset.traderknows.com/images/d43be91ee17c444f824f4956c37b0da2.width-800.jpg?Expires=1728319631&Signature=pNZRSZjlxSlfk1lURkZaNO1dexQJSkbhM-cQr06WrWz7MbzVYCec8gC2SZvxaUd-Lh6vW1n4r61uyAmZZ1Y4qLgglNZ3~GvQ39Hp38-k3PSu5e02Amwd7k851KcoalZW2v~3mZqRgEkfjta8x3viC0PB~2ZiBIPQWWx7WSb--Rr490oJWKXrJvr91AEnc~GAY9HOEmKlWcK7dVtB392H2jP-2psFc5~TEpKstEQKGLWdhYxGtPOstnmBJSDEMAJfiNQHkCjqgxUFEb7rG6c1lTypn4W3WB4rhqS5~~WuRXErWGxqRC-BDsvUSmuOwlbZuV0Wt5rZczx4aT4tD2ZL0A__&Key-Pair-Id=K3LHBTUA5A7KEY)
- Lack of Credibility:The lack of proof for the fund segregation claim can lead to a decrease in SFOCL's credibility. Investors typically expect third-party financial institutions or independent audits to ensure their funds are indeed segregated and protected.
- Potential Fraud Risks:The lack of transparency and documentation may indicate potential fraud risks. If the company cannot provide clear proof of fund segregation, investors' funds might be at risk of misappropriation or misuse.
SFOCL's Trading Products
Despite questionable practices, SFOCL offers various trading products to attract a wide range of investors. These products include forex, precious metals, and commodities.
Forex Trading
SFOCL claims to offer comprehensive forex trading services, covering major, minor, and some exotic currency pairs. Despite promising profitable opportunities, the lack of regulatory oversight significantly impacts the safety of trading. The forex market, the largest financial market globally, averages a daily trading value of $7.5 trillion. Most transactions in other financial markets, including stocks and bonds, affect the forex market. It is a decentralized global market (OTC market) used for exchanging currencies. Market participants use forex to hedge against international currency and interest rate risks, speculate on geopolitical events, and diversify their investment portfolios.
![Forex trading information on SFOCL website](https://production-app-asset.traderknows.com/images/0c1f4903e2ed4756b9ac0b07b156b5b8.width-800.jpg?Expires=1728319631&Signature=t4yALzSvLjPuQlvepjb534ukIL5CWPDvJvMay2Sy4GTT184-pEVGoOHZBrC1q0Rf16y4njN25WGM7MM8ArjgBPrI9VcF9EwNhHdzo0-VfAn1Nnxvh3pmCgMbFz3wVUW7vOK~wu77Qp-3QaGc3YMNCXX8WQwRtANRpB0cgFi8QK6APnTcmsph7lgQ1Li2gBXhW-yLYAp7Q3F7YzXBtZk6Fy87cq9BeDBEoED0Qw78rlsuDJGcOj4qj2RwIo7n-HPj2ijMF9SD4xGKTy9ZbMC1QRHNz8yCIvL2L6RyqaQV2uJxQW7klKTwkFDHdOFTTTjW2byU~XNOI23~mcHwtOFjiA__&Key-Pair-Id=K3LHBTUA5A7KEY)
Precious Metals Trading
The platform also offers trading in precious metals like gold and silver, valued by investors for their hedging properties and long-term value. However, the lack of detailed trading conditions makes assessing the feasibility and safety of trading precious metals through SFOCL challenging. Precious metals, such as gold, silver, platinum, and palladium, are widely recognized and used as monetary reserves or industrial raw materials. They hold high investment value due to their limited supply, scarcity, stable market demand, and relatively high price volatility.
Commodities Trading
Besides forex and precious metals, SFOCL offers commodities trading, including crude oil and agricultural products like cocoa and soybeans. While these diversified options appear attractive, the overall transparency and regulatory issues overshadow any potential benefits. Have you ever wondered why some traders prefer commodities trading? One reason is that commodities are integral to our lives, from cotton to coffee and oil to natural gas. At SFOCL, we offer a competitive trading environment and trading costs for all major global commodities.
![Commodities trading information on SFOCL website](https://production-app-asset.traderknows.com/images/ff9c3454feaa433db8bc649f41306b27.width-800.jpg?Expires=1728319631&Signature=1dmRWpowlHrk0h-BMErGDHZYVYwAXHCWi0xy3TbUTwxFesysmuf5lunM~m2YfgyHLOBFts82vzl~Wz5lQYsXIR-iZQXgTCFiG8rdR0rp9MxPMyMzpDyN4i8ct7n9tHBAPc3EJpU1fXBpiBbYIeE94rFWzDFHTsj3IMZTijKLe-QUUOA32SJr7KAaLtXmiyO7o9s-792AKjchc5rtZ7T6Bfne-m0lSMncNyRfbU96zpraXTB3Oc575DFgArnYAULujSgwTQ0MU800E2u~mZHbCXZTw5hvcLNwswVJPdHSK61YYP4CnIZWIEdYx9kalrovk7hQXJsP~UlBX8OLrwtx-Q__&Key-Pair-Id=K3LHBTUA5A7KEY)
SFOCL's Trading Software
SFOCL's trading software claims to be accessible on all internet devices, including computers, tablets, iOS, and Android, allowing traders to monitor and adjust their strategies anytime, anywhere. Despite the convenience of cross-device compatibility, the lack of detailed information and user feedback makes evaluating its actual performance and reliability difficult. The stability and security of the software are crucial when choosing a trading platform. SFOCL has not provided specific technical details or third-party verification to prove its trading software's quality and security. Moreover, the quality of the user interface, operational experience, and technical support remains unclear, significantly impacting the trading experience.
![Trading software information on SFOCL website](https://production-app-asset.traderknows.com/images/c7122038cf924b87bc5101999ef11ef3.width-800.jpg?Expires=1728319631&Signature=xGfOVpZ7Ro~aFHY11nkY5GqSo56b2LeK-SVBNShXLKjU-QdWVZip4fjvd7MDqLL9U2AT4ym0P8qmkGMRDanw6Hybz2ZucVhLK8O2-3USeNvXhkvlREjkyz9-URvCr-RUzbZakO0Mfq-sfLD2LOBg2IvabUtN396S28o2xR1ePHqBJEyzh3F7oodh2mPvhxEEst28qaQBlQv6reAg-eEVjFn43TyEYkJpQRYtTejA1ZBQadHDmkYnxjI3Hp8zxUpzxxXHxSp71WE9jQ4138eoy3OkG7oWw-~z9PSEIv7CETsg67213xZC1X6MfNI6wtMSh-VpOvCd4ZZp-~~N7F94nw__&Key-Pair-Id=K3LHBTUA5A7KEY)
Account Types Offered by SFOCL
SFOCL offers two main account types: Standard and ECN accounts. Although these accounts aim to meet different trading needs, the lack of clear information on trading conditions makes their true value difficult to determine.
Standard Account Features
Products: Various commodities, including cocoa and soybean CFDs (Contracts for Difference)
Leverage: Up to 400:1
Minimum Spread: From 1 pip
Commission: $0.005 per trade
Minimum Deposit: $1000
The Standard account targets regular traders, offering a range of commodities, leverage up to 400:1, and a minimum spread from 1 pip. However, the $1000 minimum deposit requirement is relatively high for a questionable platform. Despite this, SFOCL claims to partner with multiple top liquidity providers and dark pools to ensure high liquidity and optimal quotes.
Features of the ECN Account
Products: Various commodities, including cocoa and soybean CFDs
Leverage: Up to 400:1
Minimum Spread: From 1.0 pip
Commission: $0.005 per trade
Minimum Deposit: $1000
The ECN account is supposedly tailored for professional traders, offering similar leverage and spread conditions to the Standard account. However, the lack of transparency and detailed trading conditions makes its true value hard to assess. SFOCL claims its ECN account offers high transparency and competitive trading costs for institutions and securities firms.
![Account types on SFOCL website](https://production-app-asset.traderknows.com/images/fd0a2f02fc164b7389c37921a7eb55bd.width-800.jpg?Expires=1728319631&Signature=q336bLrRXik00r0rgUM0rO5k1mBR833czwKMVzxtGJg86EmdEZlHEiSAT8qW~Ne5p4pk8m6XJdBMylmhVnjeXjGluFJtG3~UqR-P71OjSa54npyx0geUJt1unIFWyqNwdmUFGR1~5FZSdahPxSknqWz-XpplBxo~OFPeIq5GFNTuezccXOoUgmcmB43diWVx7hT5xesh0tMmKfDFghdRhA6bpuzvupdLQWZGwQptGHFUCHDNJpcLeHO1htaElBFQITJ5D4fslGg715BbrjHiwfy13QKLOJDMgV8fg9F3XrLqvZnK9C~x7Yl-3BjQJ9p3MqM4fD-~pcxKSHeQkEkkqg__&Key-Pair-Id=K3LHBTUA5A7KEY)
How to Open an Account?
The process to register an account with SFOCL involves the following steps:
- Visit the SFOCL website and click the "Open Account" button at the top right corner.
![SFOCL registration process](https://production-app-asset.traderknows.com/images/4062a653ea234db787c02f21bde333ea.width-800.jpg?Expires=1728319631&Signature=SchY8r7YARqWe0Ejz8KlN6hH265Ayu-bbSH5iwP09cwiMpKP9OlZbWqEV7i0QkO2guPzUARywB1hGaaxERQJ8ua6wK6-Y4cwbFtmte9LsMeIs2v3F9W-3qDxIfC-FLG9q~NVfEPzxTzHeVhT2OJzBDZDAVzVNuHlDRjWUsBg6BCb9e6kp~zsCd5N-IlOtBCdFxEFzRkIPZlXpxBH9kgM0GVl7SsenQD65s-XTxfI2inVSfD7DovxGJ3w7HFS7znjDy~wdQxe6q5nwnvnfD-pHuoinr74fOtln2JAuhzBZfCrYP33zIavISRMxDNisG7ry1NAED9Z-MkKPgiZFkvhUg__&Key-Pair-Id=K3LHBTUA5A7KEY)
2.Fill in personal information.
![SFOCL registration process](https://production-app-asset.traderknows.com/images/4e2d5459d0044bb3a738f400a355da49.width-800.jpg?Expires=1728319631&Signature=gVt1NrQMNun0FJyI8~RsLajjLXMgtuae6EVQNbRnw9HBHWWdjvRlQ8Wf4vUo2Vzk1N6caWao9GW-9M7nfmHA6UAj7-YThR1p~~YcSO3TVFup0OurxBXjE0u5ddcwZXSesc4E7AHrHPoadm~PBRhJmtGNXyQj3Ju6YagU9qRjz6skLbcR2anwnO~Dn5ICbD8HNHTZ-k8WNg9AHkX8iFgaS3KmkY7fHV2McUJQZ7b0zd8Y6dpEzAchxdPB0JvmVKx7AhNYVkTD7FyTnazVD0o8Pu7UO0YGVi9Pu8YJcnnrbyb-h-h~x6MqpmfoH6mcpFh3U65dGMtA3rgk8axy-OFFuQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
3.Submit identity verification documents.
4.Deposit funds and start trading.
Although the process seems straightforward, the lack of clear information about security and verification procedures raises concerns about the safety of personal and financial data.
SFOCL Deposit and Withdrawal Methods and Timing
SFOCL offers various deposit and withdrawal methods to meet different investors' needs, including cryptocurrencies, NETELLER, Skrill, bank transfer, and MasterCard. However, the SFOCL website does not specify the withdrawal processing time, which may raise concerns about fund liquidity. Despite the convenience of these options, the lack of transparency about transaction fees and processing times could lead to unexpected costs and delays. Investors should consider these factors to ensure their funds can be quickly and safely deposited and withdrawn.
![SFOCL deposit and withdrawal](https://production-app-asset.traderknows.com/images/4fc06a9a6def4702905c66eedfe1d58d.width-800.jpg?Expires=1728319631&Signature=u4n7a3EkmEAmDrHr9sAvjSi-aV8sQ4VuUTeoncsKCmmwA4M4e8Iv9tcqCsvs3lUTw8wGmJATYtVZFH3sMThr6yFC72QOuzwCGe9MotX3PmBPlms7gwjWUBNPGbxR7Pqhd5DBUdEfFt1wmwkuhgwKEUmv2qd7Pbz-eMTBvLLD903AIT0jQi8chWhZxDWaejslKpYcMdA-8KwIsRXvkyNCUs9dXbMnrBTNJJU1ib5m~Rg1D~FpVMX3kG6U~iKCXjuWnNpU822Cy4CDbOTTPln01X4YmFVqzwS2Y09N7d9HuiDxIfe6fjtlRTwfyCS3QCKvrHaGS3WZ7Ned9c12AcKk6Q__&Key-Pair-Id=K3LHBTUA5A7KEY)
SFOCL's Limited Customer Support
Currently, SFOCL's contact information is limited to a simple email address provided at the bottom of their website. This single point of contact may lead to several issues:
- Insufficient Customer Support: Providing only an email address and lacking multiple support channels (like phone support, live chat, etc.) might result in customers being unable to get timely help when encountering issues.
- Long Response Times: Contacting customer support via email may lead to longer response times, especially during peak periods, leaving customer issues unresolved promptly.
- Lack of Transparency: Not offering specific office addresses and contact numbers increases the company's opacity, making it harder for customers to trust.
- Poor Customer Service Quality: A single point of contact might strain customer service resources, unable to meet diverse customer needs and provide efficient service.
![Customer Support of SFOCL](https://production-app-asset.traderknows.com/images/a73d0eeafb8349078263ee0e5bb2c2d6.width-800.jpg?Expires=1728319631&Signature=dz7F0kvtYjAYYqsJK2x7VumXOdHdBs4ZbZSBMdbk4n39MeXU2WRxzgjALywnhONBEgrvmc4K4fM-RT6ACmroRYm6ACRenh0xdtawuAnPUo45nXMDAC53Onh0OYvIVZScIsgX-qFowQ6CD9TdpjFj6484Cc1Do7hcw2cVxY6oZRERB8bTw-V2YdnfDThXijsLglunmEF43R4G4WW7gFA0pqOg7lTjqnreOxFEXB-Lg4LfmpZr9-bFeWSnjPJuOp0fyU-juo5xoO8FrmeHadVJngTdLwg4ju1q9Tf1BV~HPgncnzOVtePj9zxlX384STYifsD-74FghxuFnsW9x~epqQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
Lack of Educational Resources on SFOCL's Website
The absence of educational resources on the SFOCL website is a significant issue for investors, especially novice traders. This lack can have several consequences:
- Lack of Trading Knowledge: Investors cannot acquire necessary trading knowledge and skills, increasing trading risks.
- Difficulty in Decision-Making:Without educational support, investors may lack the information and guidance needed to make informed trading decisions, leading to mistakes.
- Low Customer Loyalty: Providing comprehensive educational resources can increase customer loyalty to the platform, and their absence may result in customer attrition.
- Decreased Market Competitiveness:Decreased market competitiveness: Compared to platforms offering comprehensive educational resources, SFOCL will be at a disadvantage in attracting and retaining customers.
Warning Signs of SFOCL
Multiple warning signs suggest that SFOCL may be a scam:
- Misleading regulatory compliance claims.
- Lack of transparency in key trading conditions.
- Trading software not independently verified.
- High minimum deposit requirements.
- Unclear withdrawal processing times.
In conclusion, SFOCL exhibits many characteristics that raise serious doubts about its legitimacy and reliability as a trading platform. The combination of misleading regulatory statements, lack of transparency, missing key trading information, and insufficient educational resources makes it a high-risk choice for investors. Potential users are strongly advised to exercise caution and consider choosing more transparent and reputable trading platforms to protect their investments.
![SFOCL information on trader website](https://production-app-asset.traderknows.com/images/69e149149b374d3eb6b4c4f890c56b3a.width-800.jpg?Expires=1728319631&Signature=cZJvtSU0QB9VMir-2PwDTe3lp0umXNDapAjj1fSBnpuWTO9777rmhfSCM~gWFZMnBPbLFPMlMMHMOg4oLLwbWFNVm~1~wUFDExMuHGd9EU2aiSwjdkOzkwM7NvrXvytGa9CpCB5vI~T2OEVgDwPHg1w2fwXArvKUGN1pPSC5CO34nIrkXIihM2IltC-FYrOjvPf9nt6FyqdXt-0XShP7eOKMOvh~ozq3drDwKDp1h6FWF~P8pz1iwpYnVUYORXyiT896cbtYzbooj3aahfmNu0HKC3L8Ht4FTg6kWxchFIG0ZHGOHd6OVLiisvclswMa1zqkqiKU16-ud8GuMrD6qQ__&Key-Pair-Id=K3LHBTUA5A7KEY)
Frequently Asked Questions
Is SFOCL regulated by any financial authority?
No, SFOCL's claim of NFA regulation is false, and its MSB status does not cover forex trading activities.
What are the main issues with SFOCL's trading platform?
Main issues include lack of transparency in trading conditions, misleading regulatory statements, and unverified trading software.
What types of accounts does SFOCL offer?
SFOCL offers two types of accounts: Standard and ECN, both requiring a minimum deposit of $1000 and claiming to offer high leverage and competitive spreads.
How do I open an account with SFOCL?
The registration process involves visiting the website, filling out an application form, submitting identity verification documents, and depositing funds.
What trading products does SFOCL offer?
SFOCL offers forex, precious metals, and commodities trading, such as crude oil, cocoa, and soybeans.
Should I invest with SFOCL?
Due to multiple warning signs and lack of transparency, it is advised to avoid investing in SFOCL and choose more reliable and regulated trading platforms.
![商务合作 Telegram Eng](https://production-app-asset.traderknows.com/images/ed6f90378f1c44dbaef015489edd2127.width-800.png?Expires=1728274369&Signature=GbTjsxNIj1TPnBBp67~DWOiVVQliytdZ6ShuCXDZlRG~a5EiJpXgwi2vKhC18bEf5gZojZGJdQAHToNeY~i3KnBt4Xd3w1SQC9HLDDM6DvnxCCcD0gfHT6LHh2mTX8qhPlT8uwmn5bKDCu8kw9CH082HqxKv0XYAKX7~l94THaXPOZ-lE33nAkvDkzXWN4giS7vEv5mFhNLZZPljZcLoIClmxM~SHX0mv7X889y5ZOwz4~HE11C03F~KtpppRjS2ZNOiE9sd32VHSAzMMRuRqterRQmdcdHzvGxvQX4lBAwTv9lMnlv985ASBOqhnsKijwg9TMGymNoRAd-FhpO6Qw__&Key-Pair-Id=K3LHBTUA5A7KEY)
![商务合作 Skype ENG](https://production-app-asset.traderknows.com/images/765cacf76a7a44a4a828129f5d15304e.width-800.png?Expires=1728274369&Signature=cmTYq0xt9sK3206diHrkUKwsOPOglnxdncX6qVCNN~krufJTkM0j1dnQRQtf8jcl77nO0BmAv3CcNNpITXVqPU32MwJk3zjyRsVXZTDOzDpftq1xjGoNZjR62JX7QtJiR1U-gH9SQqzE3mpWoHSlZD-1VCNVAK~~X4V3n0015Lig~2LbWzTi8~IsKZnB4w7Go3cx7izInrx1mL9Qz8BtQo13Zo4tMVrBZBtKEaRqIfKYYtEpyI2tc6FYCV22gJKOQcDGotQW~ifQAFcv92TqmjedICgv5-obafcFZ26jCUnCjeYB6w6f2Op7GGykNbZXhMsk8s130rnz-EeOk8Ectg__&Key-Pair-Id=K3LHBTUA5A7KEY)