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No, you should not trust SGB Finance. It exhibits traits commonly found among scammers, making its offerings potentially dangerous.
SGB Finance does not provide details about its regulatory status, information that legitimate entities prominently display on their websites to ensure transparency. This is a red flag. Notably, a UK phone number is listed on its website. However, upon searching for this company in the register of the UK's financial watchdog, the Financial Conduct Authority (FCA), it was found to be an unauthorized firm within this country. You can read the full FCA warning [here] for more information about the risks involved.
Therefore, it is recommended to steer clear of SGB Finance. For safety and security, investors are advised to choose brokers that are fully regulated by reputable financial authorities and have a proven track record of reliability and transparency.
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.