Is SNOK Group a Good Broker or a Scam?
The SFC, the main financial regulator in Hong Kong, has issued a warning about SNOK Group and it is worth paying attention. These brokers usually attract negative attention from regulators if there has been a large number of customer complaints or if they are not being honest about licensing. SNOK Group doesn’t seem to have a license and yet they claim to offer high quality trading services. Don’t believe them–especially since the SFC has warned the public about them.
We Have Some Concerns with SNOK Group
It’s safe to say that you shouldn’t sign up with a broker that has caught the attention of a major regulator. However, a warning shouldn’t be necessary–it’s enough to see that SNOK Group doesn’t have a license and will not reveal who is running the brokerage. In this case, it seems obvious that the best thing to do is to look for a regulated broker instead and to stay away.
SNOK Group Red Flags
- No license
- No transparency
- Exaggerated promises of returns
- Bad reviews
Lost Money to SNOK Group? Talk to Us!
Our experts understand brokers–reliable ones and scam operations. We have researched brokers and have created these reviews to help consumers make the right choice for trading. We recommend that you avoid SNOK Group and instead find a reliable and licensed broker. If you have lost money to this broker, contact us and we will help you locate your funds.