SGSTT Co. Ltd claims to be a financial services company based in New York, USA, offering a variety of trading products including forex, currency pairs, gold, silver, indices, and crude oil. The company's official website was registered on June 11, 2024, but detailed investigations reveal that the company cannot be found in official commercial registration records, and its claimed National Futures Association (NFA) license has not been verified in the NFA database. These issues indicate potential legitimacy and credibility problems with the company. Potential clients should remain cautious and carefully consider any trading activities with it.
Corporate Background of SGSTT Co. Ltd:
SGSTT Co. Ltd claims to be a financial services company based in New York, USA, specifically located in the iconic Empire State Building (350 5th Avenue, New York, NY 10118, United States). The company's official website address is https://www.sgsttmarkets.com/desktop_jp.html, with the domain registered on June 11, 2024. However, detailed inquiries about this address have not found any registration information or business activity records related to SGSTT Co. Ltd. This situation may indicate that the operating address information provided by the website lacks accuracy or does not actually exist at the specified location.
Regulatory Information of SGSTT Co. Ltd:
SGSTT Co. Ltd claims to hold a National Futures Association (NFA) license with the license number 0561302. However, a search of the NFA database did not find any valid records matching this license number. This discrepancy might indicate that the claimed regulatory status is misleading or entirely false. Currently, SGSTT Co. Ltd is an unregulated platform.
Account Registration Process of SGSTT Co. Ltd:
SGSTT Co. Ltd offers a standard online registration process designed to help new users start trading quickly. The registration process is as follows:
- Visit the website: Users first need to log in to SGSTT Co. Ltd’s official website.
- Click the register button: Select the register button on the homepage or other prominent locations to start the registration process.
- Fill out the application form: Users need to fill in personal information, contact details, and related trading experience.
- Submit identity verification documents: To comply with financial service industry regulations, users must upload identity proof and address proof documents.
- Deposit: After identity verification, users need to make an initial deposit to activate their trading account.
- Start trading: Once the deposit is confirmed, users can start trading.
This process reflects SGSTT Co. Ltd's emphasis on user identity and fund security, although the platform's regulatory and corporate background information has not been fully confirmed.
Account Types of SGSTT Co. Ltd:
The official website of SGSTT Co. Ltd does not provide detailed information about their account types. Therefore, it is currently unclear whether SGSTT Co. Ltd offers different types of trading accounts to meet the needs of various investors.
Trading Software of SGSTT Co. Ltd:
Though SGSTT Co. Ltd offers various trading software options, theoretically aimed at supporting different user needs, the actual situation might be less promising:
- TradingWeb Desktop Version: While it claims to provide comprehensive trading tools, there are no independent verifications of its performance and reliability.
- TradingWeb Browser Version: As a browser-based platform, it might have flaws in data security and trading speed.
- iOS/Android Apps: While mobile apps offer convenience, the security and functionality of these apps on an unverified platform remain uncertain.
Trading Products of SGSTT Co. Ltd:
SGSTT Co. Ltd claims to provide a variety of trading products including forex, currency pairs, gold, silver, major indices, and crude oil. These products usually have high liquidity and wide participation in the global trading market. However, in the absence of clear regulatory and company background, the provision of these trading products might just be a superficial appeal, with no guarantee of actual trade execution, transparency, and fairness.
Spreads, Leverage, and Commissions of SGSTT Co. Ltd:
SGSTT Co. Ltd has not disclosed the structure of its spreads, leverage, and commissions, which indicates a lack of transparency. In financial trading, such parameters are crucial for assessing trading costs and potential returns. The absence of this essential information may prevent potential traders from reasonably assessing trading conditions, affecting their trading decisions and risk management.
Deposit and Withdrawal Methods of SGSTT Co. Ltd:
Similarly, SGSTT Co. Ltd has not disclosed its deposit and withdrawal methods. This makes it difficult for potential clients to understand how to handle funds and raises serious questions about transparency and efficiency in fund handling. In the financial services industry, quick and transparent deposit and withdrawal methods are the cornerstone of trust and customer satisfaction. Not disclosing this information may be an intentional concealment of unfavorable conditions or restrictions, increasing uncertainty and risk in fund management for customers.
Customer Support of SGSTT Co. Ltd:
Email: support@sgsttmarkets.com
Conclusion:
SGSTT Co. Ltd proposes several seemingly attractive services and products in its promotional materials, including its high-profile address in New York and diverse trading platform options. However, the company has failed to validate its license in the National Futures Association (NFA) records, and business registration information queries have yielded no concrete details, raising doubts about its business legitimacy. Additionally, information about trading conditions and fund processing methods has not been disclosed, reducing the platform's appeal and potentially hiding additional risks. Currently, SGSTT Co. Ltd is listed as "Suspected Fraud" on TraderKnows.
