SCFH

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

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 However, its license of SFC (Leveraged foreign exchange trading, AQE524) has been revoked.

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 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:

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.