SGFX

Is SGFX safe and legit？ Full review

SGFX is a broker regulated by The Financial Services Commission (FSC) of Mauritius through Spectra Global LTD, and it was established in 2024. Opening an account is easy and completely digital, and traders can choose from three account types — ECN, Elite and Standard — with a minimum deposit starting at $100 and maximum leverage of up to 1:500. The trading platform is MT5, offered under a full license qualification, while iOS, Android, Windows, macOS, Web and other applications are not supported. Customer service supports 11 languages and can be reached by email, instant messaging apps and social media, though response times may be lengthy. Its influence is rated Class C, mainly distributed across Bulgaria, India and the United States. Among the noted strengths are its FSC regulation, its full-license MT4/5 trading platform and its multiple account types; among the drawbacks are multiple disclosures, a low broker profile, and the absence of biometric login such as fingerprint or Face ID.

Basic Information

Regulatory Compliance and Security

SGFX is regulated by The Financial Services Commission, and its regulatory status is listed as regulated. The safety level is Level 1.

The registration number associated with this authorization is GB22201302.

Account Type

All accounts support lock-up positions, scalping and EA trading.

Trading software

SGFX uses the MT5 trading platform, which is highly customizable, available in multiple languages, and offers clear expense reports and a good search function, though it lacks two-step login and biometric authentication. The software qualification is listed as Full License MT4/5, and the software experience is rated as Perfect.

MT4/5 Server Distribution:

• SpectraGlobal-Demo — MetaTrader5 — United Arab Emirates
• SpectraGlobal-Live — MetaTrader5 — United Arab Emirates
• SpectraGlobal-DC — MetaTrader5 — United Arab Emirates
• SpectraGlobal-Live — MetaTrader5 — United Kingdom

Customer Service

SGFX's customer service supports 11 languages. You can contact them via email and IM App for answers to most inquiries; however, please note that response times may be lengthy.

⚠️ Most users can receive a response, but the waiting time is relatively long.

Influence

SGFX has an influence rating of Class C, with its influence mainly distributed across Bulgaria, India and the United States, and an average influence index of 5.11.