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

SGL

Hong Kong|2-5 years|
Regulated in United States|Suspicious Regulatory License|White label MT5|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.sglfd.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
SparkGlobal-Demo MT5
Server Location United States

Contact

00852-31149072
customer@sglfd.com
https://www.sglfd.com
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

00852-31149072

Broker Information

More

Company Name

Spark Global Limited

Company Abbreviation

SGL

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2024-04-20
  • 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 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Pyramid scheme complaint
Expose

    SGL · Company Summary

    We could not get relevant information due to failing to visit the official website, besides, the information is not available on other websites as well, thus, clients only take a poorly-conceived browse.

    In addition, if clients would like to know something detailed, please try to visit the official website, although it is likely that it does not work. Furthermore, the official website is as follows: https://www.sglfd.com

    General Information& Regulation

    SGL, owned by Spark Global Limited, is an experienced private online Forex broker registered in Hong Kong, China, unfortunately, we could not find any other info about this corporation on the website, however, this broker has not provided any office location info as well as the regulation details.

    Market Instruments

    All we know is that SGL is allegedly a Forex broker without regulation in Hong Kong, China, other than that, SGL does not disclose any valuable information about itself.

    Accounts & Leverage

    After struggling our way to search the info about the accounts and leverage, nothing did we found.

    Trading Platform

    What is worth mentioning, SGL is MetaTrader 4/MetaTrder 5(MT4/MT5) white label provider, which is an industry-recognized platform available for free download to PC desktops (Windows/macOS) and mobile devices (Android/iOS).

    Deposit & Withdrawal

    SGL does not elaborate on the payment methods they accept.

    Customer Support

    The support team is always at clients assistance with the best possible solutions to the queries. If so desired, please call at 0085231149072 or e-mail at customer@sglfd.com within a reasonable time.

    Risk Warning

    Trading in leveraged financial instruments carries a high level of risk, including the risk of losing your entire invested capital, and may not be suitable for all investors. The high leverage and volatility of such instruments can work against you as well as for you. Before you decide to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Wherever in doubt, you should consult and receive advice from independent experts, including legal, tax, and financial advisers.

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    Comments

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    李之凡
    more than one year
    I had a bad experience with SGL. Their website is no longer accessible, which is probably a good thing so that no new victims will fall for their scam. However, I am disappointed that they were able to take advantage of people before they were shut down. I learned that the hard way with SGL and now I regret it so much.
    2023-03-24 14:18
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