Score
SGL
Hong Kong|5-10 years| https://www.sglfd.com
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Hong Kong
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed SGL also viewed..
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Website
sglfd.com
Server Location
Hong Kong
Website Domain Name
sglfd.com
Server IP
154.218.1.212
Company Summary
Note: SGL'sofficial sitehttps://www.sglfd.comhas been stopped by the administrator.
| SGL Review Summary | |
| Founded | / |
| Registered Country/Region | China Hong Kong |
| Regulation | No regulation |
| Market Instruments | Currency pairs, indices, commodities, precious metals, and cryptocurrencies |
| Demo Account | / |
| Leverage | Up to 1:200 |
| Spread | 1 pip |
| Trading Platform | MT5 |
| Min Deposit | / |
| Customer Support | Phone: 00852-31149072 |
| Email: customer@sglfd.com | |
| Fax: 00852-25430881 | |
SGL, owned by Spark Global Limited, is an experienced private online Forex broker registered in Hong Kong, China. However, this broker has not provided any office location info as well as the regulation details.
Pros and Cons
| Pros | Cons |
| Various trading instruments | False claims of regulation |
| MT5 platform | Blacklisted by several agencies |
| Unavailable website |
Is SGL Legit?
It has been verified that SGL currently has no valid regulation.
What Can I Trade on SGL?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Precious metals | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| Mutual Funds | ❌ |
| ETFs | ❌ |
Leverage
What we know from the available information is that it offers leverage up to 1:200. The leverage is too high. High leverage means two things — either a big win or a big loss.
Trading Platform
The trading software that SGL (Spark Global Limited) provides to its clients includes the MT5 trading platform. Usually, MT5 would be a good choice among Forex brokers. However, trading platforms are as good as their brokers' reliability, which unfortunately is not the case with SGL.
Deposit and Withdrawal
The information on the Deposit and Withdrawal section of the SGL website is available in Chinese only. Detailed information is not available.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 9
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kumara
Japan
2 month nobody contact me i will deposit money I want to withdraw my account I’m work garage I have a 4 kids my salary small please send me my money back
Exposure
2022-01-01
916934976
Hong Kong
My Spark Global account remained tens of thousands of dollars. But I was unable to withdraw this year because the account was unavailable. The customer service could not explain it. I don’t know what to do.
Exposure
2021-08-02
FX2660450429
Taiwan
Can't withdraw funds wihout 30% margin. The fraud use dating apps to beguile people, such as Pairs
Exposure
2020-12-13
Leo Lo
Taiwan
It feels like a formal platform while later, you'll see its true colors. You can't withdraw. Never invest here.
Exposure
2020-10-26
FX1426775712
Taiwan
Unable to withdraw. Formerly called SGH. Now it counterfeits ThinkMarkets, trading AECUSD. Induce you to deposit. However, if you wanna withdraw, they will use a lot of reasons to let you pay fees.
Exposure
2020-10-19
FX4075042983
Taiwan
Some guys use fake website to fraud others. The website is link below. https://www.gmi-markets.net/ And it will mail you a account but the server is linking to SparkGlobal-live.
Exposure
2020-09-28
Leo Lo
Taiwan
I applied for the withdrawal on July 7th, while service read my message without responding. Take heed on it.
Exposure
2020-07-31
Zoe Lee
Taiwan
My account was froze inexplicably, causing unable to withdraw. The platform asks me to add fund to unfreeze it.
Exposure
2019-12-25
李之凡
United States
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.
Neutral
2023-03-24