SixGroupTrust has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". SixGroupTrust found at www.sixgrouptrust.net and/or www.sixgrouptrust.com is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I looked into SixGroupTrust and found they appear in the regulatory warnings database. Ontario Securities Commission 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.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
Tried to withdraw my funds from SixGroupTrust and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that SixGroupTrust has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Pros: Website looks legitimate on the surface
Cons: Flagged by Ontario Securities Commission|Cannot verify credentials