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Score
Belize
Regulated in Belize
Suspicious Regulatory License
MT4/5 full license
Chinese market only
Belize Retail Forex License Revoked
High potential risk
Influence
Add brokers
Comparison
Quantity 34
Exposure
Score
License Index | 0.00 |
Business Index | 7.19 |
Risk Management Index | 0.00 |
Software Index | 7.02 |
Regulatory Index | 0.00 |
Single Core
1G
40G
More
Company Name
Safe Gold FX
Company Abbreviation
SafeGold FX
Platform registered country and region
Belize
Company website
Pyramid scheme complaint
Expose
Safegoldsf's withdrawal does not arrive. It is a pure scam and fraud platform
Withdraw in February and it has not arrived till the end of March. I ask the online customer service and they do not response.
My account 1161220 in Safegold, traded 120,000 and started to withdraw funds successively on 20th, and it has not been received for a month since January 20.
It used to be the T+1 withdrawal mode before. I withdraw on last Thursday (December 9),but it has not yet arrived (December 14). I contact customer service and they said that the bank is processing it and has urged it.
After several minutes’ of system stuck,the trend has been fluctuated on a large scale.
I’ve been trading on SGFX. They won’t let me withdraw now and froze my account. This is a god-damned scam platform. Stay away from it!
The agent of Safe Gold Financial Group cheated me of money by giving reverse order recommendations. It attempted to buy more time to run away after admitting its misbehavior.
It's a complete three non-platform with no regulator or license. It's a clone firm of SGFX, but it has nothing to do with SGFX. I can say it is a total fraud platform. Block the market and the SL and TP are useless. Slippage of $3-$5. Who can believe it? If u ask the customer service, the customer service is so arrogant. Pls stat away from this fraud platform
The withdrawal has not arrived for a month. I do not know who to contact. So difficult.
Customer service always says the same words that they will urge the payment company. It has not arrived since December from last year till now.
The withdrawal has not arrived for a month and cannot find the customer service. They shirk from it everytime I ask them. The withdrawal on Dec. 6 has not arrived till today, Jan. 21.
I doubted SGFX’s legitimacy. They set a virtual platform to earn clients’ service fees, spread, and losses. It’s been a while since I complained them last time, but they refused to settle this down. My bank is giving me pressure to pay the loan, so I have to report this thing to the government. I hope the government would handle this since it is serious, involves a lot people and mass sum of money. I hope the police would help other victims and arrest those criminals. This is my final warning. I’ve got a bunch of evidence. And I believe the court will give this thing a justice end. Call me if you want to protect your right (18687780681).
My account, with hundred of thousand of fund left, was frozen. I have called the police.
During this period, I called customer service many times. At first, the customer service was strictly regulated by the state, and then they did not reply.
Hong Kong SGFX regardless of the agent, the agent with profit screenshot to induce customer trading, instead of customer trading, let the customer burst losses.The platform doesn't care."evil mind" platform
Because of the length limit, I put the whole thing on the first picture. I expose this thing to warn other people. Don’t invest in SGFX. They claim to be legit. But when you are scammed and find them, they would just ignore you. They give clients no guarantee at all. Stay away from them. Their website: https://www.sg-fx.com/contact, instructor Fang (Wechat account: jjgs02). Their customer service: QQ number 4001338880. You can see the platform’s attitude on the pictures. Everyone should be alert. Until now they gave me no satisfying answer. I’ve been contacting them for 3 months. That instructor Fang gave me wrong investment advice and let me lose 232600 RMB.
General Information & Regulation
Safe Gold FX (SGFX) is a forex and CFD broker, operated by Safe Gold International (Belize) Limited, a company licensed by the Belizes International Financial Services Commission (IFSC) for offering trading in securities services. However, this license has been revoked, so SGFX is unregulated at this stage.
Markets Instruments
With SGFX, traders can get access to forex currency pairs, commodities, and metals. Trading assets offered by this broker seems average.
Minimum Deposit
SGFX offers all investors one standard accounts, with the minimum initial deposit is $100. Although this amount seems reasonable, it is unsafe to open accounts on this platform given the fact that SGFX is unregulated.
Leverage
In terms of trading leverage, the maximum leverage level offered by SGFX is up to 1:100. Professional traders may think this level conservative. However, inexperienced traders should not use too high leverage when dealing with forex trading.
Spreads & Commissions
SGFXs spreads on EUR/USD are fixed at 5 pips, and, on top of that, a commission of $50 per standard lot applies. This makes it the broker with the highest trading costs we have encountered so far. If you are foolish enough to become a client of SGFX, you will pay 10 pips per each standard lot traded, which is at least $100.
Trading Platform Available
When it comes to trading platform available, SGFX offers its clients the MetaTrader 4 (MT4), available as desktop download and mobile apps.MT4 platform is equipped with solid charting tools, many built-in indicators, a wide range of Expert Advisors (EAs) and extensive back-testing environment. Apart from the ready-made Eas and indicators, traders can create their own in the MQL programming language
Deposit& Withdrawal
SGFX clients are offered only bank wire transfer as a payment method. While some popular e-wallets methods like Skrill and Neteller are not available. There is no further information about deposit and withdrawal on its website.
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