Abstract: SCB, which started in the US in 2006, focuses on carbon-neutral products and environmental markets. It has a strong mission for sustainability, but its regulatory permits have been withdrawn or have run out, which makes people worry about its regulatory status.
SCB Review Summary | |
Founded | 2006 |
Registered Country/Region | United States |
Regulation | FCA/NFA (Exceeded) |
Products and Services | Low-carbon commodities, carbon-neutral solutions, environmental products |
Customer Support | Tel: +41 22 365 5300 |
SCB, which started in the US in 2006, focuses on carbon-neutral products and environmental markets. It has a strong mission for sustainability, but its regulatory permits have been withdrawn or have run out, which makes people worry about its regulatory status.
Pros | Cons |
Strong focus on sustainability and low-carbon markets | No valid regulatory licenses |
Recognized as a B Corporation and ISO certified | Limited information on fees |
Global reputation in environmental product markets |
SCB used to have licenses from the FCA (UK) that have now been taken away and a license from the NFA (US) that has been flagged as expired, which means it is no longer in good standing with the regulators.
Regulatory Authority | Country | Licensed Entity | License Type | License No. | Current Status |
Financial Conduct Authority (FCA) | United Kingdom | SCB & Associates S.A. | Appointed Representative (AR) | 610633 | Revoked |
Financial Conduct Authority (FCA) | United Kingdom | SCB & Associates S.A. | Appointed Representative (AR) | 610633 | Revoked |
National Futures Association (NFA) | United States | SCB Brokers SA | Common Financial Service License | 510531 | Exceeded |
SCB's main areas of interest are low-carbon goods, carbon-neutral solutions, and eco-friendly items. It sees itself as a world leader in sustainability by providing services and making promises that are in line with reducing carbon emissions and taking action on climate change.
Products & Services | Supported |
Low Carbon Commodities | ✔ |
Carbon Neutral Products & Services | ✔ |
Environmental Product Markets Trading | ✔ |
Sustainability Consulting / Commitment | ✔ |
General Investment or Forex Trading | ✘ |
Retail Brokerage Services | ✘ |
Malaysian police are investigating a gold investment scam that has cheated 37 people out of more than RM8.4 million, with a businessman holding the honorific title ‘Datuk Seri’ believed to be the mastermind.
Investment scams are prevalent in the forex market. You need to stay alert to protect yourself from these kinds of scams. Otherwise, you could end up penniless, as fraudulent brokers may swindle your money. To stay informed in this market, read the major warning signs associated with 4XC.
SCAM ALERT! New Zealand regulator, the Financial Markets Authority (FMA), has issued a public alert about ten unauthorized firms operating illegally. Here is the list of ten unlicensed firms.
Did you know you can speculate on the forex market without owning the underlying asset? Yes, it is possible with forex spread betting! As a trader, you need to speculate whether the price of the currency pair will be up or down going forward. Read this in-depth guide for more details.