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/10

SCEX

Bahamas Bahamas | 2-5 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://toscex.com/

Website

Rating Index

Contact

https://toscex.com/
Sea Sky Lane, B201, Sandyport, Nassau, New Providence, The Bahamas

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Bahamas
Operating Period
2-5 years
Company Name
SCEX Markets Limited
Email
support@scexus.com
Company Website
Address
Sea Sky Lane, B201, Sandyport, Nassau, New Providence, The Bahamas
Account Info
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • toscex.com
    104.21.15.41
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
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Company Profile

Company Profile

Review summary

SCEX Review Summary
FoundedWithin 1 year
Registered Country/RegionBahamas
RegulationUnregulated
Market InstrumentsForex, Index CFD, Commodities and Cryptocurrency
Demo AccountN/A
LeverageN/A
Spread0 for SCEXS 0.0 account
Trading PlatformMT4, MT5, cTrader
Min DepositN/A
Customer SupportEmail: support@scexus.com

SCEX Information

SCEX was founded in 2023 in Melbourne, Australia. It offers more than 800 tradable instruments, including Forex, index CFDs, commodities and cryptocurrencies, with competitive transaction fees.

SCEX Information

Pros and Cons

ProsCons
Over 800 tradable instrumentsLack of Regulation
The minimum spread and commission is 0Only email support is provided, lack of telephone and online customer serivice
Provide three platforms of MT4, MT5 and cTraderAUD 20 is needed for International wire transfer (TT)
24/7 Customer Support in multiple languages

Is SCEX Legit?

SCEXis currently in a state of no effective supervision.

What Can I Trade on SCEX?

SCEX provides various market opportunities with more than 800 tradable financial instruments, including Forex, Index CFD, Commodities and Cryptocurrency.

What Can I Trade on SCEX?
Tradable InstrumentsSupported
Indices
Forex
Commodities
Crypto currencies
Futures
Bonds

Account Types

SCEX offers two live account types, namely Standard Account and SCEXS 0.0 account.

Standard accounts do not charge any commission.

SCEXS 0.0 accounts offer institutional spreads as low as 0.0 points. There is a commission of AUD 7 per lot.

Account Types

SCEX Fees

Standard account commission is zero, the spread is competitive; SCEXS 0.0 account has an extremely low spread of 0.0 points, but requires a commission of AUD 7 per lot.

Swap rates are published weekly and are calculated based on risk management analysis and market conditions. Each currency pair has its own swap rate, with a standard size of 1.0 lot (100,000 base units).

SCEX also charges overnight interest on overnight positions held in equity index CFDS, equity CFDS and commodities. The fee is based on the regional base rate plus (or minus) a fixed fee of 2.5%.

SCEX Fees
SCEX Fees

Trading Platform

MT4, MT5 and cTrader are chosen by SCEX to serve clients of different preferences.

Trading PlatformSupportedAvailable DevicesSuitable for which type of traders
MT4Priority Customer SupportVPS hostingAdvanced Insights and ReportsProvide discounts for high volume tradersTraders who are new to the market or who prefer a simpler platform.
MT5Priority Customer SupportVPS hostingAdvanced Insights and ReportsProvide discounts for high volume tradersTraders who are looking for a more advanced platform with more features.
cTraderPriority Customer SupportVPS hostingAdvanced Insights and ReportsProvide discounts for high volume tradersTraders who are looking for a fast and efficient platform with a focus on technology.
Trading Platform

Deposit and Withdrawal

SCEX accepts multiple financing methods: credit and debit cards, online wallet options and bank transfers.

For credit and debit cards as well as online wallet options, brokers do not require deposit and withdrawal fees. For bank transfers, the International wire transfer (TT) fee is AUD 20.

Deposit and Withdrawal
Deposit OptionsMin. DepositFeesProcessing Time
Credit cards: Visa and MasterCard/No/
Online wallet options: POLi, BPay, PayPal, Neteller, Skrill, and Union Pay/No/
Bank transfers:Local (BPay) and International (TT)/International wire transfer (TT) fees: AUD 20/
Withdrawal OptionsMin. WithdrawalFeesProcessing Time
Credit cards: Visa and MasterCard/NoWithdrawals requested before 21:00 GMT will be processed the next day, while those received before 07:00 AEST will be processed on the same day.
Online wallet options: POLi, BPay, PayPal, Neteller, Skrill, and Union Pay/NoWithdrawals requested before 21:00 GMT will be processed the next day, while those received before 07:00 AEST will be processed on the same day.
Bank transfers:Local (BPay) and International (TT)/International wire transfer (TT) fees: AUD 203-5 business days

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

What is the regulatory status and risk profile of SCEX?

SCEX Markets Limited is an unregulated broker with a WikiFX risk assessment score of 1.33, indicating a fundamental lack of credible regulatory oversight and the associated investor protections. The entity is registered in the Bahamas and operates under a 'Suspicious Scope of Business' classification, which presents significant concerns for client fund security and dispute resolution.

04-02
United States

What regulatory licenses does SCEX hold?

According to WikiFX data, SCEX does not hold any valid regulatory licenses from major financial authorities such as the FCA, ASIC, or CySEC for its forex trading services, meaning it operates entirely without verified mainstream regulation.

04-02
United States

What is the full company name of SCEX?

The broker operates under the full name SCEX Markets Limited, a company established for 2-5 years and registered in the Bahamas.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States
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