South China Financial Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-05-21 17:47

Abstract：South China Financial Holdings Limited (“SCFH”) was founded in 1999 by three investment experts. SCFH specializes in finance and investment and is listed on the Stock Exchange of Hong Kong since July 1993. It provides financial services, including securities, foreign exchange, bullion, financial futures, and global commodities broking and trading, through traditional and online trading platforms. Its business coverage extends to China, Taiwan, Southeast Asia, and the United Kingdom.

SCFH Review Summary
Founded	1999
Registered Country/Region	Hong Kong
Regulation	Regulated by SFC
Market Instruments	Stocks, futures, options
Demo Account	❌
Trading Platform	South China stock trading APP and Windows software, Ayers Token Mobile APP, Sharp Point System, and SP Trader Pro HD Mobile App
Minimum Deposit	0
Customer Support	Tel: (852) 2111 2222/ (852) 2111 2332/ (86) 4001 200 623
	Fax: (852) 3101 9200
	Email: hotline@sctrade.com
	Facebook, Instagram, YouTube

　　South China Financial Holdings Limited (“SCFH”) was founded in 1999 by three investment experts. SCFH specializes in finance and investment and is listed on the Stock Exchange of Hong Kong since July 1993. It provides financial services, including securities, foreign exchange, bullion, financial futures, and global commodities broking and trading, through traditional and online trading platforms. Its business coverage extends to China, Taiwan, Southeast Asia, and the United Kingdom.

　　Here is the home page of this brokers official site:

Pros and Cons

Pros	Cons
Regulated by SFC	Complex fee structure
No minimum deposit requirement	No demo accounts
Social media presence
Various trading platforms

Is SCFH Legit?

　　As of now, SCFH is regulated by the Securities and Futures Commission (SFC), holding Dealing in futures contracts with No. AAF640. However, its license of SFC (Leveraged foreign exchange trading, AQE524) has been revoked.

Regulated Country	Regulated Authority	Current Status	Regulated Entity	License Type	License Number
Hong Kong	The Securities and Futures Commission (SFC)	Regulated	South China Commodities Limited	Dealing in futures contracts	AAF640
Hong Kong	The Securities and Futures Commission (SFC)	Expired	South China Commodities Limited	Leveraged foreign exchange trading	AQE524

What Can I Trade on SCFH?

　　SCFH offers stocks, futures, options, brokerage services, discretionary service, investor corner, wealth management, investment banking, and SC Private.

Trading Instruments	Supported
Stocks	✔
Futures	✔
Options	✔
Forex	❌
Commodities	❌
Indices	❌
Cryptocurrencies	❌
Bonds	❌
ETFs	❌

Trading Account

　　SCFH offers personal and corporate accounts. You can open an account by person or by email. No charges or minimum deposit are required to open an account in South China Securities. But a cheque with an amount not less than HK $10,000 made payable to “South China Securities Limited”. For detailed account opening procedures, you can click: https://www.sctrade.com/en-us/articles/faq

SCFH Fees

　　SCFH charges various fees according to different products and services. Take Hong Kong stock as an example:

Charge Type	Detail
Commission Charge - Internet Trading	0.0588%, Minimum HK$50
Commission Charge - Brokerage Service	Negotiable
Transaction Fee	0.00565% (rounded to the nearest cent)
SFC Transaction Levy	0.0027% (rounded to the nearest cent)
Stamp Duty	0.10% (rounded up to the nearest dollar)
CCASS Stock Settlement Fee	0.005% (0.002% charged on behalf of HKSCC), minimum HK$5, maximum HK$200
AFRC Transaction Levy	0.00015% (rounded to the nearest cent)
Gray Market Trading Charges	Minimum charge per order is HK$150 (commission rate remains unchanged)
Platform fee	Negotiable
Custodian fees	Negotiable

　　For more details, you can learn from the link: https://www.sctrade.com/en-us/articles/charges

Trading Platform

　　On SCFH, you can use South China stock trading APP and Windows software, Ayers Token Mobile APP, Sharp Point System, and SP Trader Pro HD Mobile App. You can download through their official website: https://www.sctrade.com/en-us/articles/technical-support

Deposit and Withdrawal

　　SCFH provides bank transfer to take a deposit. But for different products, they require different bank accounts. You can click: https://www.sctrade.com/en-us/articles/deposit-withdrawal to learn specific ways.

　　Besides, you can initiate a withdrawal through their platforms. Simply navigate to the “Withdraw” section. Then, fill out the withdrawal details and click “OK” to submit the request.