WikiFX

Sagot

As an experienced forex trader, understanding broker fee structures—including inactivity fees—is key to managing long-term trading costs and risks. Based on my review of SCB, I found a significant lack of clarity on this topic. There is limited public information available about their specific fee schedules, including whether inactivity fees are charged, how they might be applied, or under what conditions an account might be deemed inactive. This ambiguity is particularly concerning for me as a trader who values transparency and regulatory oversight. SCB’s regulatory situation heightens these concerns: the firm’s licenses with both the UK's FCA and the US NFA have either been revoked or marked as exceeded, leaving it without active supervision from reputable authorities. In my experience, absence of clear, up-to-date regulatory status can often correlate with incomplete or unclear disclosures around fees, terms, and client protections. Given SCB's focus on environmental products and sustainability rather than traditional forex or retail trading, it's possible that their fee structures—including the presence or absence of inactivity fees—may differ from those of standard retail brokers. However, because there is no definitive information published regarding this aspect of their service, I personally would proceed with considerable caution. If inactivity fees—or any other charges—exist, they are not transparently disclosed, and that lack of clarity poses a real risk in terms of unexpected costs. For me, unless full details are provided directly from the broker (in writing), I would avoid opening or funding an account with SCB primarily due to these uncertainties. For anyone considering this broker, I would strongly advise seeking explicit, documented confirmation regarding all fees before making any commitments.