Hong Kong supervision warns against 4 entities: Face Forex, Ring Forex and Co.

Hong Kong financial supervision, Securities & Futures Commission (SFC), published warnings against 4 entities offering investment products without the required permits and licenses. Among them are, among others Face Forex and Ring Forex. We warn you against using the services of these companies.

Watch out for these entities!

For all of the entities mentioned below, the reason for being included in the alert list is the same - there is no license to provide this type of service, which is required by SFC. On the websites of "brokers" you will find offers of trading intermediation on the Forex market and more. In the case of Face Forex and Ring Forex, the sites look almost identical and offer trading via the platform MetaTrader 5. It can therefore be assumed that the same people are behind this scam.

Face Forex

• website: www.face-forex.com
• Entity's full name: Face Capital Limited
• Official warning

Ring Forex

• website: www.ring-forex.com
• Entity's full name: Ring Financial Limited
• Official warning

FGT Finance Limited / FGT

• website: www.fgtfxhk.com
• Official warning

Yahoo Finance

• website: www.yahuifinance.com
• Entity's full name: Yahui Global Co., Limited
• Official warning

We warn against using the services of unlicensed companies. Before opening an account, always make sure it is correct the broker has the appropriate regulations and permits at the indicated financial market supervisory institution.