SCFH
Basic Information
Pros and Cons
Pros
- No deposit fees
- Multiple deposit methods available
- Instant processing for credit card and e-wallet deposits
- User-friendly deposit process
Cons
- Minimum deposit of HK$10,000
- No support for cryptocurrency deposits
- Withdrawal limits may apply
- Withdrawal processing times can vary
SCFH Minimum Deposit
What Is Minimum Deposit of SCFH?
SCFH’s minimum deposit is the lowest amount required to open a live trading account. This amount can differ based on the account type, such as standard, ECN, or Islamic accounts, and may also be influenced by local regulations. Typically, the minimum deposit can range from HK$10,000 to other values depending on the account type. It’s important to note that there could be variations for beginner traders compared to professional ones.
Does SCFH Provide Deposit Bonus?
SCFH does not explicitly advertise any deposit bonuses for new users or promotions. However, bonuses may vary based on account types, regions, or promotional periods. It is advisable to review the official promotions page or contact customer support for the latest information regarding any potential deposit bonuses.
Deposit and Withdrawal Methods
SCFH Deposit and Withdrawal
| Method | Currency | Fees | Processing Time |
|---|---|---|---|
| Bank Transfer | HKD | Free | 1-3 business days |
| Credit Card | HKD | Free | Instant |
| E-wallet | HKD | Free | Instant |
Does SCFH Charge Deposit Fees?
SCFH does not charge deposit fees. All deposit methods are free of charge. This user-friendly policy ensures that traders can focus on their investments without worrying about additional costs associated with deposits.
Does SCFH Support Cryptos to Deposit?
SCFH does not support cryptocurrency deposits. Only fiat currency deposits are accepted; cryptocurrencies are not accepted. This means that users will need to utilize traditional payment methods when funding their accounts.
How to Deposit from SCFH?
1. Log into Your SCFH Account: Open your web browser and navigate to the SCFH official website. Click on the ‘Login’ button located at the top right corner of the homepage. Enter your username and password, then click ‘Submit’ to access your trading account.
2. Navigate to the Deposit Section: Once logged in, look for the ‘Deposit’ option in the main menu or dashboard. Click on it to begin the deposit process.
3. Select Your Deposit Method: You will see a list of deposit options available to you, such as Bank Transfer, Credit Card, or E-wallet. Choose your preferred method by clicking on the corresponding option.
4. Enter Deposit Amount: After selecting your deposit method, you will be prompted to enter the amount you wish to deposit. Ensure that you enter an amount that meets the minimum deposit requirement of HK$10,000, then proceed by clicking ‘Next’ or ‘Continue’.
5. Review and Confirm Details: A summary screen will appear displaying your deposit method, amount, and any applicable terms. Carefully review this information to ensure accuracy. If everything looks correct, click ‘Confirm’ to proceed.
6. Complete the Transaction: Follow any additional instructions provided based on your selected deposit method to finalize the transaction. Once completed, you should receive a confirmation notification, and the funds will typically be processed based on the method chosen (instant for credit card and e-wallet, or 1-3 business days for bank transfer).
How to Withdraw from SCFH?
Withdrawal Steps
1. Log into Your SCFH Account: Open your web browser and navigate to the SCFH official website. Click on the ‘Login’ button located at the top right corner of the homepage. Enter your username and password, then click ‘Submit’ to access your trading account.
2. Navigate to the Withdrawal Section: Once logged in, look for the ‘Fund’ or ‘Wallet’ option in the main menu or dashboard. Click on it to begin the withdrawal process, then select ‘Withdraw’.
3. Choose Withdrawal Method: You will see a list of withdrawal options available to you, such as Bank Transfer, Credit Card, or E-wallet. Choose your preferred method by clicking on the corresponding option.
4. Enter Required Details: After selecting your withdrawal method, you will be prompted to enter necessary details such as your account number, IBAN, wallet address, or card digits.
5. Set Amount: Enter the amount you wish to withdraw, ensuring it aligns with any minimum or maximum limits that apply.
6. Review and Submit the Request: A summary screen will appear displaying your withdrawal method, amount, and any applicable terms. Carefully review this information to ensure accuracy. If everything looks correct, click ‘Confirm’ to proceed.
7. Await Verification: For larger withdrawals, you may need to wait for possible verification.
8. Track Status and Receive Funds: After submission, you can track the status of your withdrawal. E-wallets typically process instantly to 24 hours, while bank transfers may take 1-5 days.
Withdrawal Limit and Problems
SCFH imposes certain limits on withdrawals, which may vary by method or account tier. Daily and monthly limits can apply, along with per-transaction limits, depending on the chosen withdrawal method. Common issues faced during withdrawals include pending verification, incorrect account details, exceeding withdrawal limits, and delays due to maintenance. To mitigate potential problems, ensure that your KYC is complete, check that all recipient information is accurate, and do not hesitate to reach out to customer support for assistance.
Frequently Asked Questions
A1: SCFH requires a minimum deposit of HK$10,000 to open a live trading account. This amount may vary depending on the specific account type, such as standard or ECN accounts, and could also be influenced by local regulations. It’s important for traders to ensure they meet this requirement when initiating their account.
A2: SCFH offers several deposit methods, including Bank Transfer, Credit Card, and E-wallet. All these deposit methods are free of charge, allowing traders to fund their accounts without incurring additional costs. Processing times vary, with credit card and e-wallet deposits typically processed instantly, while bank transfers may take between 1 to 3 business days.
A3: To withdraw funds from your SCFH account, log in to your account and navigate to the ‘Withdrawal’ section. Choose your preferred withdrawal method, enter the required details, and set the amount you wish to withdraw. After reviewing your request for accuracy, submit it for processing. Withdrawal processing times vary based on the method chosen.
A4: SCFH does not provide a demo account for practice trading. This means that new traders will not have the opportunity to test their strategies or familiarize themselves with the trading platform in a simulated environment before committing real funds.
A5: SCFH does not charge any fees for deposits, allowing traders to fund their accounts without incurring additional costs. This policy enhances the user experience by enabling traders to focus on their investments rather than worrying about deposit fees.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.