SGT Markets is a broker that specializes in providing liquidity and trade execution services to the Forex (FX) and CFD (Contracts for Difference) markets including Metals, Oil, and Equity Indices.

Is SGT Markets a scam or legit broker?

No, it is not safe to trade with SGT Markets. Sterling Gent Trading Ltd. is authorized and regulated Forex Broker by the Financial Services Commission in the British Virgin Islands. The BVI FSC is known for its light-touch regulation and very loose requirements that brokers do not try to comply with. Although the firm is licensed, BVI regulation is not enough to provide the financial services in, for example, the UK.

Despite the broker’s assertions to be incorporated in the British Virgin Islands, their website still states the correspondence address in Bermuda, another offshore zone. 

In addition, all the provided contact phone numbers are British, however, SGT Markets doesn’t have any branches in the UK and is not licensed there. 

We advise all investors and traders to avoid SGT Markets and other brokers from the British Virgin Islands. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and FXTM.

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One response to “SGT Markets”

  1. Comment AreaSGT Market is a scam company, there are people who work inside this company and cheat customers by selling fake signals on accounts that do not exist. In practice they publish on Tradin Signals or other portals false signals of false accounts to attract customers to whom they ask to open accounts on their broket in exchange for the sale of signals. The person that deals with this scam is an Italian named Simone Ambrogio and lives in Italy in the province of Romano Lombardia (Brescia). the signals they sell are not true, the CEO is a Pole

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