Name: Algo Capitals / Algo Capital
Type: Unlicensed entities
Address(es): Portland House, Bressenden Place, London, SW1E 5RS
Remarks: The company uses Hong Kong bank accounts in the names of Best Way Strategic Cooperation Co Limited, Enoi Europe Limited, Europe Trade Ltd and Hong Fong Trade Limited for settlement.
Add date: 6 Nov 2017
Note: Unlicensed entities often use names similar to legitimate companies to confuse investors.
Unlicensed entities

Sometimes entities appear to target Hong Kong investors whilst not having been licensed to carry out regulated activities in Hong Kong. They often adopt names similar to legitimate financial institutions to confuse investors. Alternatively, such unlicensed entities may provide financial investment trading platforms on the Internet. If you deal with a company which is not licensed by the SFC, you may not be protected by the regulatory framework enforced by the SFC.

Deal only with licensed entities and hang up on cold callers. To check whether an entity is an SFC licensee, visit our Public Register of Licensed Persons and Registered Institutions.

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