Cryptocurrency Exchanges

SGT Markets (Imposter)

1.2 (5 reviews)
🇳🇿 New Zealand
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About SGT Markets (Imposter)

SGT Markets (Imposter) has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Stay far away from this company

D
Diana T.
1 months ago

I invested $1,000 with SGT Markets (Imposter) after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Markets Authority.

Pros: Initially responsive customer service

Cons: Lost entire investment|Reported to authorities|Unresponsive

Did my research - this is suspicious

R
Robert O.
2 months ago

Several red flags with SGT Markets (Imposter): (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.

Pros: Website looks legitimate on the surface

Cons: Not registered with regulators|Unrealistic promises

Do your due diligence first

J
John B.
4 months ago

I looked into SGT Markets (Imposter) and found they appear in the regulatory warnings database. Financial Markets Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.

Pros: Information is publicly available for verification

Cons: Flagged by international regulators|Due diligence required

Password reset broken for weeks

T
Teresa K.
4 months ago

SGT Markets (Imposter) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.

Pros: Low minimum deposit|Transparent fees

Cons: Search feature is basic|Account statements could be more detailed

Scam alert - They took my money

L
Laura H.
10 months ago

After doing some research AFTER the fact (I know, I should have done this first), I discovered that SGT Markets (Imposter) is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.

Pros: Professional looking website

Cons: Lost entire investment|Reported to authorities|Unresponsive