SGL-Overview of Minimum Deposit, Spreads & Leverage

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

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

Is SGL Legit?

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

What Can I Trade on SGL?

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.