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ALERT | Review: Is it Legit or a Scam

HKSelead Logo
Rated 2 out of 5
Scam Company
2 out of 5 stars (based on 2 reviews)


Item Description Website Information
Hong Kong Selead Group Limited
6590764250 (Singapore)
Hong Kong

What is About?

HKSelean Home Page

Company Profile

According to their website, Hong Kong Selead Group Limited was established to encourage quick development and market expansion. It offers a wide range of financial services, including stock, foreign currency, gold and silver, financial futures, and global futures contract brokerage and trading, by relying on the internet trading platform. Hong Kong Selead Group Limited’s market reach has been widened to include Hong Kong, Macao, Taiwan, Southeast Asia, Europe, and the US.

What is Offering its Customers?

They have a few trading varieties which involve foreign exchange, noble metal, futures and cryptocurrency.

Company Offer

As shown below, in the foreign exchange, you can choose to trade more than 50 currencies.

Foreign Exchange

In addition, there are many terms for trading products, which are listed below.


Is Legit or A Scam?

Despite what the name so obviously implies, the broker is not licensed in Hong Kong. First off, the fact that the local Securities and Futures Commission (SFC) has no information on is sufficient proof that the company lacks a Hong Kong license. Additionally, the city-state is one of the financial hubs of the globe, thus we cannot envision fitting in at all there. Furthermore, FCA has tagged as an unauthorized firm and is targeting people in the UK. We can conclude that the broker is unrelated to Hong Kong.

FCA Source

Are There Any Similar or Duplicate Sites Detected?

We discovered some websites that are similar to After conducting additional research, we discovered that their organization and the services they provide are identical, and we were unable to uncover any evidence of a connection between the websites. In the list attached below,, which was established in 2021, appears to be one of the websites that have been around the longest. We have reason to believe that this is either a network of unlicensed offshore brokers or that the websites in question are part of a larger fraud network.


Trading Experience

Furthermore, there are no available payment options, no required minimum investment, no withdrawal fees, etc. That raises a red flag. Opinions On Review Sites, Social Media and Contact Information

The name of the owner or any prominent position within the business was not mentioned or disclosed. According to our research, is not on any social media platforms.

There are negative sentiments on broker review sites. There is no address mentioned along with no indication of a physical office. The country where the website is located is high risk. Moreover, there appear to be high-risk financial materials or services offered. The review score on Scam Advisor is also very low.

Scam Doctor



We have encountered victims who were mentally and emotionally drained when they were scammed out of their money. We can help you with your legal and technical concerns. We can help you get your money back.

Comparing To Well-Established Companies

As we waited for approval, we were able to acquire a reading on the maximum leverage value of 1:500. Since this never occurred and we were unable to access the broker’s trading program, we will now have to rely solely on the website for all information about trading. For starters, customers will be able to trade in cryptocurrencies, metals, futures, and foreign currency pairs. Additionally, there is a misleading section on the website that may or may not claim that the typical EUR/USD spread is 0.5 pips.

However, Binance provides more than 65 tradable coins for customers in the United States. As a result, cryptocurrency investors and traders have numerous options. Trades can keep more of their profits thanks to the platform’s low costs. A few of the trading options offered by Binance include spot trading, margin trading, and peer-to-peer trading. Limit orders, market orders, stop-limit orders, stop market orders, trailing stop orders, post-only orders, and orders in which one cancels the other are only a few of the available numerous order types.

How To Get Your Money Back If You Were Scammed By

Money Back

Investors who choose to deal with unregistered brokers are taking a big risk with their money. Investors who choose a licensed broker can receive cash compensation if their brokerage firm fails in addition to having peace of mind knowing that their broker must abide by all laws and regulations imposed by their regulatory body, protecting them from unfair treatment.

But if you’ve been scammed, start by getting in touch with the police, the appropriate agencies, and fraud prevention organizations. By deactivating your cards and notifying your bank, you might minimize financial loss.

If you deposited cryptocurrency, there isn’t much you can do, but you can file a chargeback. The process is quite easy, and we are available to assist you at every step. Using our contact page, send an email to me or any other The Claimers representative, and we’ll start processing your asset recovery application in the next 8 to 12 hours.

We hope this review answered all of your questions about this particular broker. Please beware of such frauds and always find licensed and honest brokers to make sure your money is safe.



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