SGL-Overview of Minimum Deposit, Spreads & Leverage

SGL | 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.

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.

Leverage Broker Currency Pair Dealer Forex Broker

Related broker

No Regulation

SGL

Company name：Spark Global Limited

Score

1.52

Website：https://www.sglfd.com

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.52

WNS Trade Limit Broker Review

WNS Trade Limit, established in 2023, is a forex broker incorporated in Mauritius under registration number C200345. The company operates under the jurisdiction of the Financial Services Commission (FSC) of Mauritius, holding license number GB232201953.

Original 2025-03-02 08:30

T4Trade Review 2025: Live & Demo Accounts, Withdrawal to Explore

T4Trade, established in 2021 and regulated by the FSA in the Seychelles, allows trading on a modest portfolio of over 300 instruments, spanning forex, metals, indices, commodities, futures, and shares, all accessible via the popular MetaTrader 4 and their proprietary WebTrader platforms. Notably, T4Trade offers a zero-commissions pricing model where both floating and fixed spreads are offered on its MetaTrader—flexible leverage up to 1000:1 to increase trading flexibility. T4Trade also introduces a copy trading service called “TradeCopier”, which enables traders who lack experience or time to join in the markets by copying the trades of seasoned professionals.

Science Popularization 2025-02-28 15:07