WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

SOPHIE CAPITAL FINANCIAL TRADING PTY LTD

United States|2-5 years|
Suspicious Scope of Business|High potential risk|

https://sopabc.com/

Website

Rating Index

Contact

support@sophietrading.com
https://sopabc.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Other ways of contact

Broker Information

More

Company Name

SOPHIE CAPITAL FINANCIAL TRADING PTY LTD

Abbreviation

SOPHIE CAPITAL FINANCIAL TRADING PTY LTD

Platform registered country and region

United States

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-12-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 23 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

SOPHIE CAPITAL FINANCIAL TRADING PTY LTD · WikiFX Survey
Danger A Visit to SOPHIE CAPITAL FINANCIAL TRADING PTY LTD in Canada – No Office Found
Canada

Users who viewed SOPHIE CAPITAL FINANCIAL TRADING PTY LTD also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

Neex

9.12
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

ATFX

8.92
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

EC Markets

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

SOPHIE CAPITAL FINANCIAL TRADING PTY LTD · Company Summary

Risk Warning

Online trading involves huge risks and you can lose all your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained herein is for general information purposes only.

SOPHIE CAPITAL FINANCIAL Basic Information
Registered Country/Area Australia
Founded year Unknown
Company Name SOPHIE CAPITAL FINANCIAL TRADING PTY LTD
Regulation No regulation
Minimum Deposit AUD 200
Maximum Leverage 1:500
Spreads Unknown
Trading Platforms MT5
Tradable assets Forex, CFDs, Stocks
Account Types Unknown
Demo Account No
Islamic Account No
Customer Support Email: support@sophietrading.com
Payment Methods Credit cards, debit cards, wire transfer
Educational Tools Trading tutorials, webinars

General Information

Sophie Capital Financial, operating under the company name Sophie Capital Financial Trading Pty Ltd, is a brokerage based in Australia. While the exact founding year remains unknown, the company offers a range of trading services.

The minimum deposit required by Sophie Capital Financial is set at AUD 200, which may be considered accessible for traders with varying levels of capital. The broker provides a maximum leverage ratio of 1:500, allowing traders to control larger positions relative to their deposited funds. It is important for traders to exercise caution and fully understand the implications of higher leverage, as it amplifies both potential profits and losses.

Specific information about the spreads offered by Sophie Capital Financial is not available, limiting our ability to assess the competitiveness of trading costs. Traders should seek clarification from the broker regarding spreads to make informed decisions about the overall cost structure.

Sophie Capital Financial utilizes the widely recognized MetaTrader 5 (MT5) trading platform. The MT5 platform is known for its comprehensive features and advanced trading capabilities. This includes access to various tradable assets such as forex, CFDs, and stocks. The availability of multiple asset classes offers traders opportunities to diversify their portfolios and engage in different markets according to their investment strategies.

Sophie Capital Financial offers customer support via email, with the provided email address being support@sophietrading.com. This channel serves as a means for traders to seek assistance and address their queries or concerns. Accepted payment methods include credit cards, debit cards, and wire transfers. In terms of educational resources, Sophie Capital Financial provides trading tutorials and webinars.

regulation

Is SOPHIE CAPITAL FINANCIAL legit or a scam?

Sophie Capital Financial holds a currency exchange license regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under license number M20082070. This regulatory oversight by FINTRAC indicates the broker's compliance with anti-money laundering and anti-terrorism financing regulations within the Canadian financial system.

It is important to note that the currency exchange license held by Sophie Capital Financial, regulated by FINTRAC, pertains specifically to currency exchange activities rather than broader financial brokerage services. While this license demonstrates the broker's commitment to compliance in the context of currency exchange, it does not encompass regulatory oversight specific to securities trading or investment services.

regulation

Pros and cons

pros-cons
Pros Cons
MT5 trading platform Not regulated, raising concerns about investor protection
High leverage up to 1:500 Lack of transparency regarding spreads and trading conditions
Unknown account types, limiting options for customization
No demo account available
Absence of Islamic (swap-free) account option
Limited information about the company's background and
trading conditions
No information about spreads and commission rates
Limited customer support options, only email communication
No specific details about non-trading fees
Absence of information about deposit and withdrawal processes
Negative reviews regarding withdrawal problems
Limited availability of customer support
Lack of comprehensive educational resources

Market Intruments

Sophie Capital Financial offers a limited range of trading assets to its clients, including forex, contracts for difference (CFDs), and stocks. This selection provides traders with the opportunity to engage in various markets and potentially diversify their investment portfolios.

Forex trading allows traders to participate in the global currency market, where they can speculate on the price movements of currency pairs. With access to major, minor, and exotic currency pairs, traders can take advantage of potential opportunities arising from fluctuations in exchange rates.

Additionally, Sophie Capital Financial offers CFD trading, which enables traders to speculate on the price movements of underlying assets without owning the assets themselves. CFDs allow for exposure to a wide range of financial instruments such as commodities, indices, and bonds. This flexibility grants traders the ability to capitalize on market trends across different asset classes.

Sophie Capital Financial also provides access to stock trading, allowing traders to engage in the equity markets. By investing in individual company stocks, traders can potentially benefit from company performance and market developments. Stocks offer an opportunity to participate in the growth of specific companies or industries and potentially earn dividends based on company profitability.

market-instruments

Account Types

Sophie Capital Financial appears to offer a single standard account type to its clients. The available information does not provide details about any alternative or specialized account options that may cater to specific trading preferences or requirements.

Traders interested in opening an account with Sophie Capital Financial would typically have to invest $200 the first time. However, the specific features, benefits, and requirements of this account type are not specified in the available information.

Sophie Capital Financial does not provide a demo account. A demo account is a valuable tool for traders, especially beginners, as it allows them to practice and familiarize themselves with the trading platform and market conditions in a risk-free environment. The absence of a demo account may limit traders' ability to test strategies, gain experience, and build confidence before committing real funds to live trading.

Leverage

Sophie Capital Financial offers leverage to its clients with a maximum ratio of 1:500. Sophie Capital Financial's maximum leverage ratio of 1:500 is relatively high compared to industry standards. This level of leverage may appeal to traders seeking the potential for significant returns on their investments. However, it is important for traders to carefully consider their risk tolerance, trading strategies, and the potential impact of leverage on their overall trading performance.

leverage

Spreads & Commissions (Trading Fees)

Specific information about spreads and commissions for Sophie Capital Financial is not provided in the available details. The absence of such information hinders the ability to comprehensively evaluate the cost structure associated with trading on the platform.

Non-Trading Fees

When considering non-trading fees associated with SOPHIE CAPITAL FINANCIAL, it is important to be aware of the potential costs beyond the direct trading activities. While specific details about non-trading fees are not explicitly mentioned, it is advisable for clients to carefully review the terms and conditions, as well as any relevant documentation provided by the broker.

Trading platforms

The MT5 trading platform features powerful charting capabilities, including over 50 different technical indicators and intraday analysis tools. Access from a variety of devices also makes trading easier for users.

trading platform

Deposit & Withdrawal

Sophie Capital Financial offers several payment methods for both deposits and withdrawals, providing traders with flexibility in managing their funds. The available payment methods include credit cards, debit cards, and wire transfers. While Sophie Capital Financial offers these payment methods, it is crucial for traders to review and consider any associated fees or limitations imposed by the broker or their respective financial institutions. It is common for financial institutions to impose transaction fees or foreign exchange fees, particularly for wire transfers and credit card transactions involving different currencies. Traders should also be aware of any minimum or maximum deposit and withdrawal limits imposed by Sophie Capital Financial or their chosen payment providers. Understanding these limits can help traders plan their transactions accordingly and avoid any inconveniences.

Customer support

The support service provided by SOPHIE CAPITAL FINANCIAL TRADING PTY LTD is not very extensive. It can only be accessed via email. Since the company's website is not currently open, we do not know if it offers other services such as live chat, callback, FAQ, 24/7 or 24/5 service, etc.

Below are the details about the customer service.

Email: support@sophietrading.com

Users exposures

On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

users' exposure

Educational Resources

Sophie Capital Financial provides a range of educational resources to support traders in enhancing their knowledge and understanding of the financial markets. These resources include trading tutorials and webinars, which can serve as valuable tools for traders of various experience levels.

Is SOPHIE CAPITAL FINANCIAL suitable for beginners?

Sophie Capital Financial may not be considered the most suitable option for beginners due to several factors. The limited information available regarding the broker's account types, absence of a demo account, and lack of specific educational resources tailored to beginners make it challenging for novice traders to receive adequate support and guidance.

For beginners, having access to a demo account is highly valuable as it allows them to practice trading strategies, familiarize themselves with the trading platform, and gain confidence without risking real funds. Unfortunately, Sophie Capital Financial does not provide a demo account, which can hinder the learning process for beginners.

Additionally, the absence of specific educational resources aimed at beginners further limits the educational support provided by the broker. Beginners often require comprehensive educational materials, tutorials, and guidance to understand the fundamental concepts of trading, market analysis, risk management, and trading strategies. The lack of such resources may make it more challenging for beginners to acquire the necessary knowledge and skills to navigate the financial markets effectively.

Is SOPHIE CAPITAL FINANCIAL suitable for experienced traders?

Sophie Capital Financial may not be the most suitable choice for experienced traders due to several factors. The lack of regulation and limited information available about the company's background and trading conditions raise concerns about the broker's credibility and transparency.

Experienced traders typically prioritize working with regulated brokers who are subject to oversight and compliance with industry standards. The absence of regulation for Sophie Capital Financial suggests a potential lack of investor protection and oversight, which may deter experienced traders who value the security and accountability provided by regulated entities.

Furthermore, the limited information about the trading conditions, including spreads, commissions, and account types, hinders the ability for experienced traders to assess the competitiveness and suitability of the broker's offerings. Lack of transparency in trading conditions may raise concerns about potential hidden fees, unfavorable trading terms, or limitations that could impact trading strategies.

Experienced traders often seek brokers that offer a wide range of tradable assets, advanced trading tools, and platforms that support their sophisticated trading strategies. Sophie Capital Financial's limited range of tradable assets, use of the MT5 trading platform, and absence of detailed information about account types may not meet the needs and expectations of experienced traders.

Conclusion

In summary, Sophie Capital Financial's lack of regulation, limited information, absence of a demo account, and challenges in transparency and customer support contribute to a cautious stance. Traders should carefully weigh the potential risks and limitations associated with trading on this platform before making any commitments. Exploring alternative brokers with stronger regulatory oversight, transparent trading conditions, and comprehensive support may be a prudent course of action for those seeking a more reliable and robust trading experience.

FAQs

Q: Is SOPHIE CAPITAL FINANCIAL a regulated broker?

A: No, SOPHIE CAPITAL FINANCIAL operates without regulation, which raises concerns about investor protection and the broker's adherence to industry standards.

Q: What is the minimum deposit requirement for SOPHIE CAPITAL FINANCIAL?

A: The minimum deposit required by SOPHIE CAPITAL FINANCIAL is AUD 200. Traders should ensure they meet this requirement before opening an account.

Q: Does SOPHIE CAPITAL FINANCIAL offer a demo account?

A: No, SOPHIE CAPITAL FINANCIAL does not provide a demo account. Traders may find it challenging to practice trading strategies or familiarize themselves with the platform without a risk-free demo environment.

Q: What are the available trading platforms on SOPHIE CAPITAL FINANCIAL?

A: SOPHIE CAPITAL FINANCIAL offers the MT5 trading platform, which provides access to various trading tools, charting capabilities, and order execution features.

Q: What types of tradable assets does SOPHIE CAPITAL FINANCIAL offer?

A: SOPHIE CAPITAL FINANCIAL offers forex, CFDs, and stocks as its primary tradable assets. The range of available assets may be limited compared to other brokers.

News

WikiFX Reviews Sophie Capital Financial Trading Pty Ltd

ExposureWikiFX Reviews Sophie Capital Financial Trading Pty Ltd

2023-09-29 21:49

Explore the alarming case of Sophie Capital Financial Trading Pty Ltd, an unregulated online trading broker that has vanished, leaving clients unable to access their funds, shedding light on the risks associated with unregulated brokers in the financial industry.

WikiFX
2023-09-29 21:49
Exposure
WikiFX Reviews Sophie Capital Financial Trading Pty Ltd

Review 27

27 Comments
Write a comment
All(27) Latest Neutral(3) Exposure(24)
Exposure
Netizens encourage you to participate in the Mid-Autumn Festival deposit activities
The netizens I know have always told you to have a higher recharge amount at the beginning, saying that you can have a variety of items in foreign exchange and will be stable. Later, when there is a recharge event on the Mid-Autumn Festival, they have been advocating that you ask the customer service for the amount of the event, and the netizen instructed me to choose I got 800,000 Taiwan dollars when I recharged 3 million Taiwan dollars. I immediately applied to the customer service to convert the money into US dollars and put it into my investment account. Afterwards, I regretted participating in this activity and told the customer service that I was maliciously extracting the activity amount. The way to withdraw cash, I checked the investment status of MT5 online. What happened to me was very similar to some cases I complained about. I didn’t pay attention to it. It was almost the end of recharge. Will help me complete the activity together, let me apply for an extension with the customer service and say that I need 1 million Taiwan dollars before the extension can be extended. The netizens helped me to remit it, and I also remitted 250,000 Taiwan dollars one after another. The USDT I bought on Binance also had more than 12,000 US dollars, and netizens also helped me remit more than 76,000 US dollars one after another. As a result, the completion of the event on 9/29 and the customer service application for withdrawal told me that it was related to the postponement of the event, so I couldn’t withdraw and said that there have been many recently. The customer's money laundering caused a lot of losses on the platform. They told me to pay a deposit of 5,000 US dollars to withdraw cash. This is basically a scam. I don't know foreign exchange, causing me and my netizens to lose a lot of money, and just now I went to my account to see that there was nothing before. I don't know if it was deleted or if they modified the website, please help
薛薛
2022-10-10
Scroll down to view more
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com