What Account Types and Fees Does SCFH Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposits, user-friendly interface |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, tighter spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Custom services, dedicated account managers |
Requires corporate documentation |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading |
Available upon request |
| Demo Account |
Traders wanting to practice |
Risk-free environment, full access to trading tools |
No minimum deposit required |
Account Opening Process
To open an account with SCFH, you will need to follow these steps: First, you must provide personal information including your name, address, and contact details. Next, submit employment and financial information to assess your trading profile. Once the initial forms are completed, identity verification is required, which includes submitting a valid ID and proof of address. It is important to note that account flexibility is available; if you start with a retail account, you can upgrade to a professional account later based on your trading activity and experience level.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for minors |
| CFDs (Stocks) |
0.2 |
$5 per lot |
Standard fees apply |
| CFDs (Indices) |
0.5 |
$5 per lot |
Varied by index |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
SCFH may charge various fees including deposit and withdrawal fees, which might vary depending on the payment method used. Inactivity fees may apply if there is no trading activity for a specified period. Users should also be aware of any platform usage fees, which can be negotiated. Additionally, overnight interest (swap rates) will be applicable for positions held overnight, and currency conversion fees may apply when trading in different currencies.
