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On June 17, 2024, the British Columbia Securities Commission (BCSC) issued a warning against SPG (https://spgzeds.com), stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2024/spg.
SPG claims to be a online trading platform, offering wide range of financial services, including Forex, Crypto, Stocks and more instruments in global markets. But it lacks crucial regulatory information. A company that offers financial services must have financial license in the country where it is located.
The truth is that SPG is not under valid regulation by any regulators to do forex. Investors'funds in this broker are unsafe and cannot be protected by any law.
Therefore, it is a scam.
On December 16, 2024, the Ontario Securities Commission (OSC) issued a warning against SPG, stating that this broker is not registered in Ontario to engage in the business of trading in securities. https://www.osc.ca/en/investors/warnings/spg
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