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The Alert List is a list of entities which have come to the attention of the SFC because they are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. You can either search by name or by type to check whether an entity is already on the list. This is not a comprehensive list and new names are coming to our attention all the time. We will add to the list as we hear of new names. If you have been contacted by an unlicensed firm, it would be of assistance to the SFC if you would provide information on your dealings with that firm by completing our online complaint form.

To see the names of suspicious virtual asset trading platforms added to the Alert List since January 2020, please search by type and choose “Suspicious virtual asset trading platforms”.

For further information on boiler rooms, scam websites and phishes, please follow the links.

Note: The information contained on the Alert List is provided as an early warning service to investors but is not a substitute for investors conducting their own due diligence by checking up on a particular entity.

Please view the list by selecting the first alphabet that starts off the name of each entry or the sub-group labelled “Chinese” for entities bearing only Chinese names:

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Explanation (Click for details):
Search tips:

This is a keyword search based on exact phrases. To facilitate searching, please only enter the keywords "AAA" in the search field when searching for "AAA Co", "AAA Company", "AAA Ltd", "AAA Limited" or "AAA Inc".

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Chinese Others
Company name Type Add date
EDY Suspicious virtual asset trading platforms 25 Mar 2024
Easy New Forex Unlicensed entities 24 Jan 2024
ETOP (Hong Kong) Limited Suspicious websites 9 Nov 2023
Elderton Capital Group
Unlicensed entities 2 May 2023
EFSPD Suspicious virtual asset trading platforms 24 Oct 2022
Elio International Limited Unlicensed entities 19 Sep 2022
Edeal Markets LLC Unlicensed entities 3 Aug 2022
EITA Link Limited Unlicensed entities 24 Jun 2021
Evergreen Offshore Inc. Unlicensed entities 31 Dec 2020
Evallon Investment Limited / Evallon Global Investment Management Unlicensed entities 28 Dec 2020
Edge Investment Management Limited Unlicensed entities 18 Dec 2020
Escrow Services Limited / Escrow Services Limited Asset Management Limited Unlicensed entities 26 Nov 2020
Everest Holdings Group Unlicensed entities 10 Aug 2020
ESO MM LLC Unlicensed entities 31 Mar 2020
Equity Consultancy / Equity Consultancy Limited Unlicensed entities 12 Sep 2018
Eagle Investment Global Co Ltd Unlicensed entities 3 Aug 2018
En Zheng Gold New Zealand Limited Suspicious websites 26 Jul 2018
East Asia Global International Futures (Hong Kong) Limited Unlicensed entities 6 Jul 2018
EFG Private Limited (formerly known as EFG Corporation Limited) / Everence Financial Group Unlicensed entities 2 Mar 2018
EWinner Markets Co Ltd Unlicensed entities 28 Feb 2018
Eastern Land Capital Partners Limited Unlicensed entities 21 Nov 2017
Elon Global Strategy Co., Limited Unlicensed entities 10 Nov 2017
Escuela Trades Unlicensed entities 12 Sep 2017
Ebond Securities LLC Unlicensed entities 21 Aug 2017
Excon Fuji Securities Unlicensed entities 14 Jul 2017
ENOI Europe Limited Unlicensed entities 4 May 2017
Europe Trade Limited / Europe Trade FX Unlicensed entities 4 May 2017
Entrada Capital Unlicensed entities 13 Apr 2017
Empire Asset Investments Ltd Unlicensed entities 20 Mar 2017
Eclipse Finance Unlicensed entities 30 Sep 2016
Ephraim Global Unlicensed entities 19 Aug 2016
Emma & Ethan Limited Unlicensed entities 6 May 2016
Elan Financial Group Limited Unlicensed entities 16 Dec 2015
Evanson Asset Management Unlicensed entities 19 Oct 2015
Experia Management Group/ Experia Management Group (HK) Unlicensed entities 23 Sep 2015
Easylink Management Ltd Unlicensed entities 10 Sep 2015
Earnest & Medwell International Unlicensed entities 26 Aug 2015
Evan Thompson Advisory Unlicensed entities 27 May 2015
Everchamp (Group) Investment Co., Ltd. Unlicensed entities 6 Mar 2015
Eurasia Capital Management Unlicensed entities 12 Jan 2015
Endeavour Fund Unlicensed entities 8 Sep 2014
Edge Capital Markets Unlicensed entities 12 Dec 2013
East Cape Mining Corporation Unlicensed entities 14 Aug 2013
EFG Associates Unlicensed entities 5 Feb 2013
Electronic Money Inc. Unlicensed entities 2 Aug 2012
etoile Consulting Group Unlicensed entities 30 Apr 2012
Ellis Stanley Alden Unlicensed entities 22 Feb 2012
Eastridge Associates Unlicensed entities 24 Nov 2011
Edward Jones Group Unlicensed entities 23 Jun 2011
E Ming Inc. Limited Unlicensed entities 23 Jun 2011
Edgar International Company Limited Unlicensed entities 13 Jun 2011
EFD Financial Group Company Limited Unlicensed entities 9 Jun 2011
East-Tech Trading Unlicensed entities 3 Jan 2011
Ehrman-Loeb Unlicensed entities 18 Nov 2010
Eurasia Trade Unlicensed entities 18 Nov 2010
Energy Development Global Limited Unlicensed entities 20 Sep 2010
Evans and Stern Corporation Unlicensed entities 9 Sep 2010
EquiAsia Group Limited Unlicensed entities 11 Mar 2010
E-Trader Limited Unlicensed entities 11 Mar 2010
Edenbridge International Limited Unlicensed entities 3 Feb 2010
Euro Pacific Trade Unlicensed entities 1 Feb 2010
Endeavor International Limited Unlicensed entities 23 Jun 2008
Electronic Capital Markets Limited Unlicensed entities 7 Mar 2008
E-Money Balance Trustworthy Group Inc. Unlicensed entities 4 Dec 2007
Elliott & Partners Advisory (HK) Limited Unlicensed entities 23 Nov 2007
Eden Financial Group Unlicensed entities 13 Nov 2007
Eaton Capital Americas Unlicensed entities 28 May 2007
Eagle Faith Corporation Limited Unlicensed entities 15 May 2007
e.gotrade Unlicensed entities 21 Feb 2006
Edenville Consultancy Limited Unlicensed entities 17 Jan 2006
eBay Phishes 22 Jun 2005
Euro Yen Usd Suspicious websites 4 Mar 2005
Easystar Forex Investment Limited Unlicensed entities 17 Nov 2004
Easystar Int'l Holdings Limited Unlicensed entities 17 Nov 2004
Easystar Securities Limited Unlicensed entities 17 Nov 2004
Emerald Worldwide Holdings Inc. Unlicensed entities 28 Sep 2004
European Private Equity Consultants Unlicensed entities 8 Mar 2004
Emmerson Bennett Unlicensed entities 29 Oct 2003
Eurocentral Union Unlicensed entities 18 Aug 2003
Equity-1 Limited Unlicensed entities 9 Jan 2002
e.go Trade Incorporated Unlicensed entities 20 Dec 2001
Eastleigh International Limited Unlicensed entities 2 Nov 2000
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.

Suspicious websites

Dubious websites may offer too-good-to-be-true investment opportunities (e.g. pre-IPO stocks of fabricated companies sold at huge discounts, or funds with guaranteed multiple returns) that do not actually exist. Alternatively, such websites may be fraudulent copycat websites imitating the websites of reputable financial institutions to lure investors to part with their money and/or disclose personal information that the fraudsters may later use to swindle investors.

Do not respond to investment website offers unless you are sure of the legitimacy of the entity.

Suspicious virtual asset trading platforms

Do not respond to suspicious virtual asset trading platform (VATP) offers if its operator is not licensed. To check whether a VATP is licensed by the SFC, please visit our List of licensed virtual asset trading platforms. 

Some VATPs that appear to operate in Hong Kong or target Hong Kong investors may not have a licence to provide virtual asset service or carry out regulated activities in the city. They may lure investors with too-good-to-be-true investment offers, falsely claim to be or soon to be licensed in Hong Kong and/or overseas, or promote themselves aggressively through social media, instant messages, so-called “key opinion leaders” (KOLs) or any other forms of advertisements.

If you deal with a VATP which is not licensed by the SFC, please note that it is unregulated and not supervised by the SFC. You may lose your entire investment held on the VATP if it ceases operation, collapses, is hacked or otherwise suffers from any misappropriation of assets. Seeking recourse against those VATPs without a nexus with Hong Kong can be very difficult and legal remedies may not be available.


Phishes usually imitate legitimate financial institutions to despatch emails to entice recipients to disclose their credit card / bank account numbers and passwords / Personal Identification Numbers (PINs). If you provide this information, you may find your account is drained of money.

Most legitimate banks will never email you asking for your details or PIN. If in doubt, contact your bank directly.

Fake regulators and/or market operators

Creating a fake regulator and/or market operator website is one of the tricks used to deceive unwary investors into thinking that certain unauthorised financial institutions or intermediaries listed on that website are supervised by a real regulator and that they conduct their trades through a recognised market operator (e.g. stock exchanges). The scamsters create a website for a non-existent financial regulator or market operator with a plausible name. Such a website is usually sophisticated and often contains up-to-date financial news to create a false impression of authenticity. In fact, no such financial regulator or market operator exists under that name.

To check whether a financial regulator and market operator really exists, see the member lists of the International Organization of Securities Commissions and the World Federation of Exchanges respectively.


Last update: 3 Oct 2020

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