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
Contact number
00852-31149072
Other ways of contact
Broker Information
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Spark Global Limited
SGL
Hong Kong
Pyramid scheme complaint
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- 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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SGL · 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.
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