Analysis of SNG Capitals Company
Perhaps not every broker that seems reliable truly deserves trust. For example, SNG Capitals promises its clients wide opportunities and the best tools, but should you trust a company with a dubious reputation? Our review has revealed the shortcomings of the intermediary that should be taken into account.
SNG Capitals Company Activity
It is claimed on the official website that SNG Capitals is a leader in online trading with over 200,000 clients and more than 2 million transactions monthly. However, the facts suggest otherwise. The domain registration date and reviews contradict the stated information to the extent that doubts about the authenticity of the data cannot be ignored.
According to the company, it belongs to the international organization Fenix Group LTD, based in the UK. However, thorough checks have shown that the company, specializing in wholesale trading of other machinery and equipment, has no relation to the described platform.
We have found that SNG Capitals has changed information about its parent company, attempting to confuse clients. Registration data from St. Lucia also turned out to be false, confirming our suspicions of the company’s unscrupulous activities.
Similar schemes have been used by other similar platforms, such as A1Capitals, indicating a lack of originality and honesty in their actions.
Licensing and Internal Documentation
SNG Capitals, primarily targeting Russian-speaking users, lacks the necessary licenses and legal entity status required to provide brokerage services in accordance with Russian legislation.
After reviewing the company’s internal documents, such as “Terms and Conditions,” “Risk Disclosure,” and others, we found that the terms of cooperation are constructed in favor of the company: no liability for client losses, arbitrary termination of contracts, hidden commissions.
Attractive Conditions of SNG Capitals
To attract clients, SNG Capitals offers a wide range of trading instruments, diverse accounts, risk management tools, deposit insurance, and other services. However, this may come at a high cost to clients – unlimited commission policies and hidden expenses make cooperation risky.
Reviews of SNG Capitals and their Exposé
Our investigation has revealed deception of clients by SNG Capitals: the company, using managers’ tricks, lures money, blackmails clients, and obstructs fund withdrawals.
Conclusions
An analysis of SNG Capitals’ activities confirms suspicions: the company lacks licenses, trust, and honesty. All signs indicate that its main goal is to deceive inexperienced traders and profit from their trust. Therefore, it is recommended to avoid collaboration with this platform.
I am extremely dissatisfied with the broker’s work as their operations lack transparency, and their offers do not align with my financial goals.