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1.99 /10

SafeGold FX


5-10 years

Regulated in Belize

Suspicious Regulatory License

MT4/5 full license

Chinese market only

Belize Retail Forex License Revoked

High potential risk


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Quantity 34


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License Index 0.00
Business Index 7.19
Risk Management Index 0.00
Software Index 7.02
Regulatory Index 0.00
The WikiFX Score of this broker is reduced because of too many complaints!
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VPS Standard
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Broker Information


Company Name

Safe Gold FX

Company Abbreviation

SafeGold FX

Platform registered country and region


Company website

Pyramid scheme complaint


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Warning: Low score, please stay away! 4
Previous Detection : 2023-05-30
  • 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 31 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
    SafeGold FX · Company summary

    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 However, this license has been revoked, so SGFX is unregulated at this stage.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.


    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.

    User Reviews

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    more than one year
    The so-called SafeGold FX is not safe at all, on the contrary, it is an outright scammer whose sole purpose is to defraud clients of their money by presenting itself as a reliable company!
    2023-02-17 15:52
    more than one year
    This hateful Belize-based broker closed my trading account arbitrarily. I asked my account manger for explanation, but he didn’t give me any response… I was so speechless, my money!
    2023-02-16 10:27
    more than one year
    The platform is no longer open
    2023-01-06 04:56
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