Score
FGFSL
Hong Kong|10-15 years| http://www.fgfinance.hk/?lang=en
Website
Rating Index
Contact
Single Core
1G
40G
1M*ADSL
- 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!
Basic information
Hong Kong
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Website
fgfinance.hk
Server Location
United States
Website Domain Name
fgfinance.hk
Server IP
172.67.185.209
-
gwtrade.hk
Server Location
Hong Kong
Website Domain Name
gwtrade.hk
Website
WHOIS.HKIRC.HK
Company
-
Server IP
116.251.230.119
Genealogy
VIP is not activated.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.
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 |
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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.
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.
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.
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.
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.
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.
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.
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.
Keywords
- 10-15 years
- Regulated in Hong Kong
- Dealing in futures contracts
- Advising on securities
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
Review 8
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FX3044912350
Hong Kong
After the platform notice that it would close the market to Chinese clients, the withdraw became unavailable. Do you want to be the charlatan? Give back my fund.
Exposure
2020-04-12
FX3499825168
Hong Kong
After operating on the platform(named Shangyu), I was told to pay 25% as a margin since I wrongly typed the bank information. I asked the customer service to provide the license, and he showed me Goldenway’s license. All my words are true. One could contact to verify.
Exposure
2020-03-14
FX2769365090
Hong Kong
GWFX ,a fraud platform without moral and quality,together with TAURO,cheats clients of fund.The platform is disabled.
Exposure
2019-09-06
FX8239249335
Hong Kong
Abnormal deposit channel. I can’t withdraw with bank cards every time after I lost. All I could do was watching my position liquidated. Someone else often log in my account.
Exposure
2019-01-28
FX8549123906
Hong Kong
The highest pips of 200 on USD/CAD was hidden by GWFX’s system.Compared with several finance website,have you eaten the 200 pips?
Exposure
2018-12-27
FX5809420943
Hong Kong
Goldenway closed my position by slipping several hundred pips,leading to my losses.
Exposure
2018-12-15
FX9109309083
Hong Kong
The highest price was 113.87 at 14:08,while the platform closed my order at 113.95.Even 2 pips was added,the spread couldn’t be so high.
Exposure
2019-01-22
aaa
Hong Kong
Since GWFX’s customer personnel called me everyday and sometimes called me several times a day, I was brainwashed and opened an account on the platform. I made 52 orders in succession without losses, but I suffered a forced liquidation because the customer personnel told me that I can’t close out orders if the balance lowered 140. I finally knew that closing out was available though account balance was lower than 140 and I was misled by them. And the chat history with the personnel disappeared, but them did keep those. They refused to send me the chat history and my accusation. If the personnel wanted to prove their innocence, they could show me the screenshot of the chat history. I could gave them the precise time when I was told wrong information, but they turn me down. They even refuted that I should know everything because it was your account. That is unfair. The account was opened under your help, and I had little time to think about the whole thing.
Exposure
2018-03-05