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The WikiFX Score of this broker is reduced because of too many complaints!

FGFSL

Hong Kong|10-15 years|
Regulated in Hong Kong|Dealing in futures contracts|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

http://www.fgfinance.hk/?lang=en

Website

Rating Index

Contact

+852 3892 6010
cs@fgfinance.hk
http://www.fgfinance.hk/?lang=en
Nos. 19-20 Connaught Road, Central, Central, Hong Kong
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+852 3892 6010

Broker Information

More

Company Name

Future Growth Financial Services Ltd

Company Abbreviation

FGFSL

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts 3
Previous Detection : 2024-03-29
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by China Hong Kong SFC(license number: AUS318)SFC-Advising on securities Non-Forex License. Please be aware of the risk!

WikiFX Verification

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Expose

    FGFSL · Company Summary

    FGFSL Review Summary
    Founded Over 10 years
    Registered Country/Region Hong Kong
    Regulation SFC
    Products & Services Securities, futures and asset management
    Trading Platforms AYERS stock trading software and AYERS Futures trading software
    Minimum Deposit N/A
    Customer Support Fax, phone and email

    What is FGFSL?

    Future Growth Financial Group (FGFSL), a well-established financial services company in Hong Kong for over a decade, takes advantage of the region's advantageous position and robust legal system to provide a range of financial products and services to clients. As a regulated SFC, FGFSL operates under the supervision of a regulatory authority. However, recently, some reports on FGFSL's website have raised concerns regarding potential issues.

    FGFSL's home page

    If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

    Pros & Cons

    Pros Cons
    • Regulated by SFC
    • Some reports of scam and withdrawal issues
    • Phone and email support available
    • No social media presence
    • Trading software provided

    Pros:

    - FGFSL is regulated by the Securities and Futures Commission (SFC), a reputable regulatory body which ensures financial intermediaries comply with stringent rules.

    - Phone and email support are available, meaning that traders can receive immediate assistance if they run into any issues or have any questions.

    - FGFSL's trading software offers a user-friendly interface and easy installation, which can make trading easier and more accessible.

    Cons

    - There are some reports of scam and withdrawal issues, which are concerning and may be indicative of potential fraud or mismanagement.

    - FGFSL does not have a significant presence on social media, which could be seen as limiting its exposure and reach.

    Is FGFSL Safe or Scam?

    FGFSL holds a license (No. AUE994) from The Securities and Futures Commission (SFC), an independent regulatory body formed in 1989 to oversee the securities and futures markets in Hong Kong.

    Nevertheless, as with all investments, there is a degree of inherent risk, making it necessary for traders to conduct their own investigations and thoughtfully weigh their options before committing to any investment strategy.

    regulated by SFC

    Service & Products

    FGFSL (Fictional Global Financial Services Ltd.) offers a range of financial products and services, which include:

    Securities:

    FGFSL offers a wide range of securities for trading, including stocks, bonds, exchange-traded funds (ETFs), and mutual funds. These securities can be traded on different stock exchanges, such as the New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange (LSE), Tokyo Stock Exchange (TSE), and others.

    Futures:

    FGFSL also offers futures trading, which involves the buying and selling of contracts that obligate the buyer or seller to purchase or sell an underlying asset, such as commodities, currencies, or indices, at a predetermined future date and price. Futures trading can be a lucrative way to speculate on the movement of the underlying asset, but it also involves a high degree of risk.

    Securities and futures

    Asset Management:

    FGFSL also offers professional asset management services to help clients manage their investments. These services may include portfolio management, financial planning, investment advice, and other related services. FGFSL's asset management team uses various investment strategies and techniques to help clients achieve their investment objectives while minimizing risk.

    Asset Management

    Accounts

    FGFSL provides both corporate and personal account options. Traders interested in opening an account can easily do so by visiting the FGFSL website and downloading the necessary forms. By following the registration steps outlined on the website, individuals can successfully create an account with FGFSL.

    Account Opening

    Trading Software

    FGFSL offers two different trading software options: AYERS stock trading software and AYERS Futures trading software.

    The AYERS stock trading software is designed for traders who wish to invest in stocks, while the AYERS Futures trading software is tailored to those interested in futures trading. Both platforms are user-friendly and offer a range of features to make trading easier and more efficient. The software provides traders with real-time market data, charts, and analysis tools, enabling them to monitor market trends and make informed investment decisions.

    Trading Software

    User Exposure on WikiFX

    Our website highlights instances of withdrawal issues, fraudulent activities, and significant slippage that have been reported. Traders are advised to thoroughly examine the provided information and evaluate the associated risks before engaging in trading activities on an unregulated platform. We encourage users to visit our platform for up-to-date information prior to initiating any trades. If you have encountered deceitful brokers or have personally suffered from such incidents, we kindly request that you inform us through the Exposure section. Your cooperation is highly appreciated, and our team of experts will make every effort to address and resolve the issue on your behalf.

    User Exposure on WikiFX

    Customer Service

    Customers can visit their office or get in touch with customer service line using the information provided below:

    Telephone: (852) 3892 6010

    Fax: (852) 3749 5123

    Email: cs@fgfinance.hk

    info@fgfinance.hk

    Address: Nos. 19-20 Connaught Road, Central, Central, Hong Kong

    Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram, YouTube and Linkedin.

    FGFSL provides an online messaging feature as a component of their trading platform. This functionality enables traders to communicate directly through the platform, allowing them to interact with customer support or engage in discussions with other traders. Online messaging serves as a convenient means of obtaining real-time assistance or participating in trading-related conversations.

    Contact Form

    Conclusion

    In conclusion, FGFSL is a financial services company, with over ten years of experience offering a variety of financial products and services to clients. FGFSL is regulated by SFC, ensuring that it operates in compliance with regulatory requirements. The company's adherence to regulatory guidelines offers some assurance of its safety and reliability.

    However, there have been reports regarding potential issues such as unable to withdraw, scams, and severe slippage on FGFSL's website. These concerns suggest the need for potential investors or clients to conduct thorough research and analysis before making any decisions.

    Frequently Asked Questions (FAQs)

    Q 1: Is FGFSL regulated?
    A 1: Yes. It is regulated by SFC.
    Q 2: How can I contact the customer support team at FGFSL?
    A 2: You can contact via telephone: (852) 3892 6010, fax: (852) 3749 5123 and email: cs@fgfinance.hk and info@fgfinance.hk.
    Q 3: What services and products FGFSL provides?
    A 3: It provides securities and futures trading and asset management.

    Risk Warning

    Online trading involves significant risk, and you may lose all of 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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

    In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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    FX1044735726
    more than one year
    I need help! The slippage on this company was so bad and everything was negative, I almost lost all my money because of the slippage! But this company says the slippage is out of their control and ignores my evidence... how the hell can I get my money back?
    2022-11-24 18:28
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