Summary
FGT inance Limited, also known as FGT, is an unlicensed and unregulated financial services provider. The company’s website www.fgtfxhk.com is currently down, and it has received a warning from the Securities and Futures Commission (SFC) of Hong Kong. Furthermore, the provided Hong Kong address is invalid, supporting that the company does not seem to be valid and credible.
If you are thinking about investing with them, please be careful, as dealing with unregulated firms puts your money at risk.
Overview of FGT inance Limited / FGT
- Name: FGT inance Limited / FGT
- Type: Unlicensed Entity
- Address: Flat D, 1803, Eton Building, 288 Des Voeux Road Central, Hong Kong
- Website: www.fgtfxhk.com
- Warning Issued By: Securities and Futures Commission (SFC), Hong Kong
- Status: Website not working
FGT inance Limited claims to provide investment-related services, which are likely investment and potentially forex services. However, it is not a good service provider without regulatory oversight or a regulated public warning.
Regulatory Warning from SFC Hong Kong
Regulatory Warning from SFC Hong Kong The Securities and Futures Commission (SFC) has declared FGT inance Limited as an unlicensed regulated entity. This means the company is not able to perform regulated financial services such as managing your investment funds, giving trading recommendations, or trading in any securities.
Additionally, the SFC indicated that the Hong Kong address listed by the firm is not valid, and this ability to provide a fake address demonstrates a lack of reliability or perhaps a deliberate attempt to mislead clients into thinking they have a genuine local presence.
Reasons to Be Cautious with FGT
1. Unregulated Status
FGT is unregulated, and it is also not registered with any recognized authority. Therefore, if you lose money or the firm misappropriates your finances, your money is not guaranteed to be protected.
2. Non-Functional Website
The official website, www.fgtfxhk.com, is not functional. Website non-functionality is a common indication of a firm going out of business or never actually being a legitimate firm.
3. Invalid Address
The SFC indicated that the address listed for the firm is not valid, which leaves investors without a way to contact the firm or determine if it exists at all.
4. Public Warning Issued
An “official” SFC warning notice clearly states FGT is not licensed to do business in Hong Kong, and investors should not contact or send funds to the firm.
Know more about similar broker cases by checking the list of scam brokers.
Frequently Asked Questions (FAQ)
1. Is FGT inance Limited a regulated company?
No, FGT inance Limited does not have any recognized financial authority or regulatory oversight.
2. Why did SFC Hong Kong warn FGT?
The SFC issued a warning to FGT because it was operating without a license, and its Hong Kong address was invalid.
3. What should I do if I have invested in FGT?
If you transferred money to FGT inance Limited, you should seek professional assistance immediately to trace and/or recover funds you’ve deposited with FGT. Do not send any further payments or contact the company in any way.
4. How can I check if a broker is legitimate?
Always check a broker’s regulatory license number against the FCA (UK), ASIC (Australia), or SFC (Hong Kong) sites before you deposit.
Need Help Recovering Funds?
If you are a victim of FGT inance Limited or another unregulated broker, you are in the right place! Sky Recoup’s team can help through a free consultation and assess your situation.
Sky Recoup will support you throughout the process of attempting to trace and/or recoup funds that are lost to fraudulent, unregulated projects, investment platforms, and online trading companies.
For more updates, follow us on:
