SGL Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-05 18:47

Abstract：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.

　　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.