Is Select Global Partner licensed broker?

By Rob, from United Kingdom, July 13, 2021 at 04:21 PM

I am trying to determine if Select Global Partners a license brokers in UK or Singapore?

Answer: Hi Rob,

SELECT GLOBAL PARTNERS LIMITED is a CFD broker. It claims to be an industry leader, however, they do not provide any information about company’s location, contact details or, most importantly, it’s regulation. The lack of the regulation os the major red flag when it comes to forex industry, where regulation basically defines the safety of investor’s money. In addition, it seems like the broker is targeting traders from Asia as the website supports Korean, Japanese and Chinese languages.

In any case, we never advise trading with a non-licensed broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

We recommend to stay away from SELECT GLOBAL PARTNERS LIMITED and choose only properly regulated brokers. if you are looking for a regulated UK-based broker, check our list here. 

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