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Global Broker Regulation & Inquiry App

Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

SGL

Hong Kong|5-10 years|
Suspicious Scope of Business|High potential risk|

https://www.sglfd.com

Website

Rating Index

Contact

00852-31149072
customer@sglfd.com
https://www.sglfd.com
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

Open Now

Contact number

English

00852-31149072

Other ways of contact

Broker Information

More

Company Name

Spark Global Limited

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! 2
Previous Detection : 2024-11-21
  • 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

SGL · WikiFX Survey

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SGL · Company Summary

Note: SGL'sofficial sitehttps://www.sglfd.comhas been stopped by the administrator.

SGL Review Summary
Founded/
Registered Country/RegionChina Hong Kong
RegulationNo regulation
Market InstrumentsCurrency pairs, indices, commodities, precious metals, and cryptocurrencies
Demo Account/
LeverageUp to 1:200
Spread1 pip
Trading PlatformMT5
Min Deposit/
Customer SupportPhone: 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

ProsCons
Various trading instrumentsFalse claims of regulation
MT5 platformBlacklisted by several agencies
Unavailable website

Is SGL Legit?

It has been verified that SGL currently has no valid regulation.

Is SGL Legit?

What Can I Trade on SGL?

Tradable InstrumentsSupported
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.

Review 9

9 Comments
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All(9) Latest Neutral(1) Exposure(8)
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