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SGL -

Score

1.51 /10
Danger

SGL

Hong Kong

5-10 years

Suspicious Regulatory License

High potential risk

https://www.sglfd.com

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Comparison

Quantity 8

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.99

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

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

Broker Information

More

Company Name

Spark Global Limited

Company Abbreviation

SGL

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-11
  • 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

Exposure

8 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw. Beguile u by dating apps

Can't withdraw funds wihout 30% margin. The fraud use dating apps to beguile people, such as Pairs

2020-12-13 22:49
Unable to Withdraw

SGL is a fraud platform

It feels like a formal platform while later, you'll see its true colors. You can't withdraw. Never invest here.

2020-10-26 17:44
Unable to Withdraw

I need a your help please I want to withdraw

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

2022-01-01 16:11
Unable to Withdraw

Counterfeit ThinkMarkets

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.

2020-10-19 22:15
Unable to Withdraw

SGL didn’t respond and even locked you account.

I applied for the withdrawal on July 7th, while service read my message without responding. Take heed on it.

2020-07-31 22:08
Unable to Withdraw

My account was froze inexplicably, causing unable to withdraw. The platform asks me to add fund to unfreeze it.

My account was froze inexplicably, causing unable to withdraw. The platform asks me to add fund to unfreeze it.

2019-12-25 23:09
Others

fake website

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.

2020-09-28 00:50
Unable to Withdraw

The account used in last year disappeared

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.

2021-08-02 22:41
    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.

    User Reviews

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    User comment

    1

    Comments

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    李之凡
    more than one year
    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.
    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.
    Translate to English
    2023-03-24 14:18
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