SGL Forex Broker

Note: SGL'sofficial sitehttps://www.sglfd.comhas been stopped by the administrator.SGL Review SummaryFounded/Registered Country/RegionChina Hong KongRegulationNo regulationMarket InstrumentsCurrency pairs, indices, commodities, precious metals, and cryptocurrenciesDemo Account/LeverageUp to 1:200Spread1 pipTrading PlatformMT5Min Deposit/Customer SupportPhone: 00852-31149072Email: customer@sglfd.comFax: 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 ConsProsConsVarious trading instrumentsFalse claims of regulationMT5 platformBlacklisted by several agenciesUnavailable websiteIs SGL Legit? It has been verified that SGL currently has no valid regulation.What Can I Trade on SGL?Tradable InstrumentsSupportedForex✔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.