Upon Verification: SPG Is Operating Through The Website Https://spgzeds.com/#/.
On June 17, 2024, The British Columbia Securities Commission (BCSC) Issued A Warning To SPG (https://spgzeds.com) That The Broker Was Not Registered With BC To Trade In Securities Or Derivatives Or To Provide Advice.
Reviewed SPG (https://spgzeds.com) Is An Unregulated Broker
SPG Claims To Be An Online Trading Platform That Offers A Wide Range Of Financial Services, Including Foreign Exchange, Cryptocurrencies, Stocks And More Instruments For Global Markets. But It Lacks Key Regulatory Information. Firms Providing Financial Services Must Have A Financial License In Their Home Country.
The Fact Is That SPG Is Not Effectively Regulated By Any Regulatory Body And Cannot Conduct Foreign Exchange Business. Investors' Funds In This Broker Are Not Safe And Cannot Be Protected By Any Law.
Therefore, It Is A Scam.
And Most Brokers That Are Not Compliant Will Not Disclose Providing Their Direct And True Contact Information, Such As Phone Number Or Company Address.
NOTE: SPG Being An Unregulated Broker Means That Clients Investments May Not Be Adequately Protected. Lack Of Regulation Increases The Risk Of Potential Financial Losses Due To The Lack Of A Regulator To Hold Companies Accountable.
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 When Choosing A Broker, Remind Everyone To Stay Away From These Unregulated As Much As Possible.
