According to Sfitrader's website, there is no licensing information for Sfitrader. It claims to be in the process of registration and not yet to be operating as a registered or licensed financial services provider, and it does not currently offer regulated financial services, trading execution, or investment advice. It also fails to provide any company details, such as registration information or the company's address. This makes it difficult even to verify whether the company is under registeration or not. All of these red flags indicates a high risk of engaging with this broker. Sfitrader appears to be a scam.

On Aug 1, 2025, the Australian Securities & Investments Commission (ASIC) issued a warning against SFI Trader, believing this company might be providing financial services or products without proper authorization. https://moneysmart.gov.au/check-and-report-scams/investor-alert-list#!sfi-trade-sfitrade-com--3263