SCEXS is a platform claiming to offer trading services for a variety of financial products, including Forex, indices, commodities, cryptocurrencies, and more. Despite its claims of providing comprehensive trading services and support, the transparency of its corporate background and regulatory information is relatively low, so investors should remain cautious.
Corporate Background of SCEXS:
SCEXS is run by SCEXS MARKETS LIMITED, with two official websites: https://toscex.com/#/home and https://www.pehges.com/#/home. The domain of the SCEXS platform was established on February 16, 2024. The platform claims to be operated by SCEXS Markets Limited and offers trading services in Forex, indices, commodities, and cryptocurrencies. After investigation, no entity registration information related to this company has been found. This lack of transparency may cause potential investors to question the platform's legitimacy and credibility.
Regulatory Information of SCEXS:
SCEXS claims to be licensed and regulated by the Securities Commission of The Bahamas (SCB). However, upon verification, we did not find the company's name in the SCB's database. Furthermore, the Securities Commission of The Bahamas (SCB) has listed this platform in their warning list, advising people to stay away! The platform is not under any effective regulation, so investors are advised to remain vigilant and avoid financial transactions with it to prevent unnecessary economic losses.
Account Registration Process of SCEXS:
The process of registering an account on SCEXS is as follows:
- Log in to the official SCEXS website and click the registration button.
- Fill out the application form and provide the necessary personal information.
- Submit identity verification documents and phone number verification documents.
- Once the deposit is completed, you can start trading.
Although the registration process is relatively simple, due to the lack of regulation and transparent corporate background, investors should carefully consider the risks involved before registering.
Account Types of SCEXS:
SCEXS offers two main account types tailored for different trading needs:
SCEXS Account
- Institutional Spread: Yes
- Average EURUSD Spread: 0.0 - 0.3 pips
- Commission: From 7 AUD per 100,000 round-turn
Standard Account
- Institutional Spread: Yes
- Average EURUSD Spread: 1.1 pips
- Commission: From 7 AUD per 100,000 round-turn
These account types offer different spreads and commission structures, allowing traders to choose an account that suits their trading style and needs.
Trading Software of SCEXS:
SCEXS supports multiple trading platforms, including MT4, MT5, and cTrader. These platforms are popular among traders for their robust functionalities and flexibility. MT4 and MT5 offer a wide range of technical analysis tools and automated trading options, while cTrader is renowned for its advanced order execution and charting features. Through these platforms, traders can trade on various devices, including desktop, web, and mobile.
Trading Products of SCEXS:
SCEXS offers a wide range of trading products to meet the needs of different investors:
- Forex: Includes major and minor currency pairs, providing high liquidity and 24-hour trading opportunities.
- Indices CFD: Allows traders to invest in major global stock market indices for speculation and risk management.
- Commodities: Includes trading of energy, precious metals, and agricultural products, offering diversified investment choices.
- Stock CFDs: Enables investors to trade stocks of globally renowned companies through contracts for difference.
- Cryptocurrencies: Offers trading opportunities in major cryptocurrencies like Bitcoin and Ethereum.
- Currency Index CFDs: Provides a broader market analysis and trading strategies through currency indices.
These products offer diversified investment options, helping investors to flexibly allocate assets and achieve their financial goals.
Spreads, Leverage, and Commission of SCEXS:
The spreads, leverage, and commission for different products on SCEXS vary. Investors should carefully review the related costs and conditions to plan their trading strategies and risk management effectively. As shown in the chart:
Deposit and Withdrawal Methods of SCEXS:
SCEXS supports various deposit and withdrawal methods, providing flexible and convenient options for fund transactions. The main payment methods include:
- Visa
- MasterCard
- POLi
- Bank Transfer
- BPay
- PayPal
- Neteller
- Skrill
- China UnionPay
This diversity of payment options provides great convenience for traders, allowing them to choose the most suitable deposit and withdrawal method according to their preferences and needs.
Customer Support of SCEXS:
SCEXS provides email support to help customers resolve issues encountered during trading. The contact email is as follows:
- Email: support@scexus.com
Despite offering basic email support, customers may need more support channels, such as telephone support or online chat, to receive timely assistance and solutions.
Conclusion:
The transparency of the corporate background and regulatory information of SCEXS is insufficient. This lack of information may increase the risk for investors, and potential customers are advised to carefully investigate its legitimacy and safety before choosing this platform for trading, to ensure their funds' safety and the smooth conduct of trade. Opting for platforms with higher transparency and regulation will help protect the rights and funds of investors. SCEXS is marked as "SuspectedFraud" on TraderKnows.
