Review summary
Shanghai Capital Group (SCG) is a forex and CFD broker established 5-10 years ago and registered in the United States. According to WikiFX data, the broker holds no valid forex trading licenses from recognized regulatory authorities such as the CFTC or NFA in its registered jurisdiction, operating entirely outside of formal financial oversight. This unregulated status presents a significant lack of investor protection mechanisms typically associated with licensed firms. Trading conditions advertised include high leverage up to 1:200 and account minimums starting from $1,500, offering access to forex, cryptocurrencies, and metals. The firm's overall WikiFX assessment score is exceptionally low at 1.59 out of 10, reflecting profound concerns regarding its regulatory standing and operational credibility. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-05)
