All you need in Forex
story by: Kristina Frunze
Is Global-FX scam or reliable? Hong Kong SFC Global-FX warning
14/03/2017
Is Global-FX scam or reliable? Hong Kong SFC Global-FX warning

Hong Kong regulator SFC has warned investors’ community against dealing with Global-FX. Is Global-FX scam or reliable? What do we know about the firm?

14 March, AtoZForex Hong Kong’s Securities and Futures Commission (SFC), the country’s financial regulator, has issued yet another warning about unauthorized Forex broker. The SFC warns investors in Hong Kong against dealing with Global-FX/Global Partner HK Limited.

Is Global-FX scam or reliable? 

The latest warning from the Hong Kong regulator, SFC comes as watchdog cautioned against unlicensed Forex broker, namely Global-FX. The alert list of Hong Kong regulator contains the names of entities which have come to the attention of the SFC because they are unlicensed in Hong Kong and are believed to be or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong, according to the official website of SFC.

Global-FX has been offering Forex trading services to the investors’ community without possessing a license to do so. Global-FX / Global Partner HK Limited is the latest firm to be exposed by the financial regulator of Hong Kong. The broker is operating online via http://www.gl-forex.com. It claims to have the office at the address Govant Building, Po BOX 1276, Port Vila, VANUATU. However, the SFC stated that the firm has no offices in Hong Kong and it might use the details of a legit firm to fraud investors.

Global-FX is offering investment services, and a wide range of financial instruments, including equities, Forex and asset management solutions.

Latest warning from the Hong Kong regulator

In the beginning of the month, SFC has warned investors against another financial firm, Apuro Forex.
Apuro Forex offers financial services on a wide range of financial products such as CFDs, Forex, and commodities. It provides an online platform through its website www.apuroforex.com.

According to the SFC, the company is an entity with no license to function in Hong Kong. Furthermore, it uses a Hong Kong bank account by the name of Apuro Holdings Ltd. for settlement. The watchdog found it to be apparently associated with Apuro Holdings Ltd.

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