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Hong Kong's SFC warns of forex broker PoloInvest

 Hong Kong's Securities and Futures Commission (SFC) has warned against the forex broker PoloInvest.


According to the regulator's notice, the broker gives an address in Hong Kong, but in reality is not located there. Furthermore, SFC notes that unlicensed entities often use names similar to legitimate companies to confuse investors.


It appears that PoloInvest targets Russian- and Spanish-speaking clients and claims to be “an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients”. The broker offers trading in forex, shares, metals, commodities and indices (CFDs most likely), on MetaTrader 4.


We could not find additional information about PoloInvest, but either way it is advisable to avoid dealing with unlicensed forex brokers providing misleading information about their location or anything else.


There are properly regulated Hong Kong forex brokers who offer better trading conditions and client protection.

 

 

TAGS: hong kong  sfc 
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