The Official Website Of SGFX Is Currently Inaccessible. The Company Appears To Have Closed Down. Therefore, We Can Only Collect Some Relevant Information For Reference Only.
2022-07-12 We Have Confirmed That SGFX Is An Unregulated Foreign Exchange Dealer After Review
SGFX Claims To Have Obtained A Foreign Exchange Dealer Operating License From The Belize International Financial Services Regulatory Commission (Belize FSC), License Number: IFSC/60/431/TS/18. However, We Have Not Found Any Results In Belize FSC That Match The Company's Name Or License Number. This Means That The Regulatory Information Claimed By The Broker Is False Propaganda Against Unsuspecting Traders. The Fact Is That SGFX Is Not Regulated By Any Regulatory Authority. The Money Invested By Investors In This Broker Is Not Safe And Cannot Be Protected By Any Law. It Is A Fake Trader.
Due To The Inability To Access The Broker's Website Now, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For The Regulation, It Has Been Verified That SGFX Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And True Contact Information, Such As Phone Number Or Company Address.
Note: SGFX As A, Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
