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SGL -

Score

1.50 /10
Danger

SGL

Hong Kong

5-10 years

Suspicious Regulatory License

White label MT5

Regional Brokers

United States Common Financial Service License Unauthorized

Suspicious Overrun

High potential risk

https://www.sglfd.com

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Comparison

Quantity 8

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.95

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

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

Single Core

1G

40G

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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! 4
Previous Detection : 2024-09-22
  • 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

    We could not get relevant information due to failing to visit the official website, besides, the information is not available on other websites as well, thus, clients only take a poorly-conceived browse.

    In addition, if clients would like to know something detailed, please try to visit the official website, although it is likely that it does not work. Furthermore, the official website is as follows: https://www.sglfd.com

    General Information& Regulation

    SGL, owned by Spark Global Limited, is an experienced private online Forex broker registered in Hong Kong, China, unfortunately, we could not find any other info about this corporation on the website, however, this broker has not provided any office location info as well as the regulation details.

    Market Instruments

    All we know is that SGL is allegedly a Forex broker without regulation in Hong Kong, China, other than that, SGL does not disclose any valuable information about itself.

    Accounts & Leverage

    After struggling our way to search the info about the accounts and leverage, nothing did we found.

    Trading Platform

    What is worth mentioning, SGL is MetaTrader 4/MetaTrder 5(MT4/MT5) white label provider, which is an industry-recognized platform available for free download to PC desktops (Windows/macOS) and mobile devices (Android/iOS).

    Deposit & Withdrawal

    SGL does not elaborate on the payment methods they accept.

    Customer Support

    The support team is always at clients assistance with the best possible solutions to the queries. If so desired, please call at 0085231149072 or e-mail at customer@sglfd.com within a reasonable time.

    Risk Warning

    Trading in leveraged financial instruments carries a high level of risk, including the risk of losing your entire invested capital, and may not be suitable for all investors. The high leverage and volatility of such instruments can work against you as well as for you. Before you decide to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Wherever in doubt, you should consult and receive advice from independent experts, including legal, tax, and financial advisers.

    User Reviews

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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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