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HK Daguan Star Tech

Operating status: SCAM

Website: https://www.xc-markets.com/en/

Broker violations and abnormal records
  • Jun 20, 2022 Brokersview has Reviewed that HK Daguan Star Tech is an Unregulated Forex Broker

    HK Daguan Star Tech claims to be a regulated broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of unlicensed broker, as licensed brokers always present their accreditation and licenses in a prominent position. It is a red flag. 

    By downloading this broker's MT4 platform software, we found HK Daguan Star Tech is a Hongkong-based firm. We searched the Hongkong Securities and Futures Commission (SFC) and found no matching result. That means HK Daguan Star Tech is not authorized to provide financial services in HongKong. 

    The truth is HK Daguan Star Tech is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

    HK Daguan Star Tech claims to be a regulated broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of unlicensed broker, as licensed brokers always present their accreditation and licenses in a prominent position. It is a red flag. By downloading this broker's MT4 platform software, we found HK Daguan Star Tech is a Hongkong-based firm. We searched the Hongkong Securities and Futures Commission (SFC) and found no matching result. That means HK Daguan Star Tech is not authorized to provide financial services in HongKong. The truth is HK Daguan Star Tech is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

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