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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
FX FUTURE Unlicensed entities 24 Jun 2024
FUBT Exchange Suspicious virtual asset trading platforms 22 Sep 2023
Fairfield Birch Unlicensed entities 27 Feb 2023
FTSFX Suspicious websites 12 Jul 2022
Feng Hong Internationality Unlicensed entities 29 Jun 2022
Face Capital Limited Unlicensed entities 12 Nov 2021
FGT inance Limited / FGT Unlicensed entities 11 Nov 2021
FLO Finance Limited Unlicensed entities 10 Jun 2021
First Brokers / Fintecbrokers / Tera Holdings Ltd Unlicensed entities 2 Mar 2021
Far Trust International Finance Unlicensed entities 16 Feb 2021
FX919 Unlicensed entities 7 Jan 2021
FVA Finance Limited / FVA Fintech Limited Unlicensed entities 23 Nov 2020
FXMarket / XMFX Unlicensed entities 5 Oct 2020
Fiducian Forex Platform Unlicensed entities 11 Dec 2019
Fu Tai Securities Unlicensed entities 22 Nov 2019
FBC Asia Limited Unlicensed entities 17 Jun 2019
Fort Trades Unlicensed entities 28 May 2019
Fusian Investment Co., Ltd Unlicensed entities 11 Mar 2019
Futong Investment Management Limited Unlicensed entities 27 Feb 2019
Fund Alliance Limited Unlicensed entities 11 Feb 2019
FTSE Russell Index Global Inc. Unlicensed entities 18 Dec 2018
FxFWay福威 / FxFWay UK Limited / Fortune Way HK Limited Unlicensed entities 26 Apr 2018
Franklin Bain Advisors Ltd Unlicensed entities 17 Apr 2018
Forthright International Company Limited Suspicious websites 23 Feb 2018
Ferguson Mercer Capital Partners Ltd Unlicensed entities 2 Feb 2018
FTP Global Unlicensed entities 17 Jan 2018
FG Global Enrich Limited Unlicensed entities 5 Jan 2018
First Federal Securities (Cayman) Limited Unlicensed entities 29 Dec 2017
FXBTG Financial Limited Unlicensed entities 13 Nov 2017
Five Winds Asset Management Unlicensed entities 6 Nov 2017
FSHG Capital Investments Limited Unlicensed entities 24 Aug 2017
Foster Elliot Ltd Unlicensed entities 28 Jul 2017
Financial Concept Limited Hong Kong Unlicensed entities 8 May 2017
Floyd & Gordon Holdings / Floyd & Gordon Holdings Asia Limited MCIAL Unlicensed entities 2 Mar 2017
Forex Paradise Limited Unlicensed entities 2 Mar 2017
Finance & Investment Association (Asia) / Finance & Investment Association Hong Kong Unlicensed entities 12 Jan 2017
FengSheng Stock Invest / FengSheng Capital Limited / Hongkong Fengsheng Stock Investment Company Ltd Unlicensed entities 12 Jan 2017
Fujitsu Global Unlicensed entities 9 Jan 2017
Florin Investment Limited Unlicensed entities 14 Dec 2016
Featherstone Pte Limited Unlicensed entities 12 Dec 2016
Franklin Transfer Services Others 5 Dec 2016
First Venture Capital Group Unlicensed entities 18 Nov 2016
Fox Capital Partners Unlicensed entities 10 Aug 2016
Fuji Credit Asset Management Unlicensed entities 8 Jul 2016
FXGlobal1 / EXPERT CAPITAL VENTURES LIMITED Unlicensed entities 27 Jun 2016
FX Protrade Unlicensed entities 5 May 2016
Forbes Private Capital Group (HK) Unlicensed entities 23 Mar 2016
Foland Hampton International Finance Co Ltd Unlicensed entities 28 Jan 2016
Fund Access Limited Unlicensed entities 13 Nov 2015
FIN Alliance Ltd Unlicensed entities 16 Jul 2015
FX Bache Suspicious websites 13 Apr 2015
Finnciti/ SMI Global Capital Ltd Unlicensed entities 13 Apr 2015
Fortune Bullion Co., Ltd. Unlicensed entities 6 Mar 2015
Fulford Limited Unlicensed entities 2 Mar 2015
Financial Services Association Unlicensed entities 11 Dec 2014
Fraser Mackenzie Transfer Company Unlicensed entities 8 Sep 2014
FXZN Investment Limited / FZ Zenith Management Limited / FX Zenith Limited Suspicious websites 4 Aug 2014
Furlow Capital Unlicensed entities 2 Apr 2014
FIndex9.com Limited Unlicensed entities 20 Mar 2014
First Trade Europe Unlicensed entities 16 Dec 2013
FIL Investment Management Unlicensed entities 10 Oct 2013
Financial Center Partners Unlicensed entities 23 Sep 2013
Forexoma Ltd Unlicensed entities 15 Aug 2013
Future Trend Investment Holding Limited Unlicensed entities 14 Aug 2013
Fubon (HK) Insurance Investment Fund Company Limited / Fubang (HK) Insurance Investment Fund Limited Unlicensed entities 5 Aug 2013
Flex Capital Partners Unlicensed entities 27 Jun 2013
First Laurel Capital Unlicensed entities 27 Jun 2013
Frank Goldenberg Yoshi Unlicensed entities 27 Mar 2013
Finance Your Dream Limited trading as Royalty7 Unlicensed entities 19 Sep 2012
Fast Gold Exchange Fake regulators and/or market operators 2 Aug 2012
Fast Gold Inc. Unlicensed entities 2 Aug 2012
Futures Trading Commission Fake regulators and/or market operators 10 May 2012
Fibonacci International Hong Kong Limited Unlicensed entities 4 May 2012
Friedman Global Unlicensed entities 17 Apr 2012
First Standard Management Unlicensed entities 28 Nov 2011
Federal Capital Inc. Unlicensed entities 26 Oct 2011
Final Hurdle Ltd Unlicensed entities 31 Aug 2011
First Inc Limited Unlicensed entities 23 Jun 2011
Financial Markets Supervisory Authority of Hong Kong Fake regulators and/or market operators 12 Apr 2011
Fusion Financial Marketing Unlicensed entities 16 Sep 2010
Fox Global Unlicensed entities 30 Jun 2010
Faithway Limited Unlicensed entities 22 Apr 2010
Future Index Suspicious websites 12 Apr 2010
FXMETATRADER Japan Company Limited Unlicensed entities 26 Mar 2010
FKL Investments Unlicensed entities 19 Mar 2010
Famex Financial Unlicensed entities 19 Mar 2010
Front Futures Unlicensed entities 25 Feb 2010
Financial Market Authority of Hong Kong Fake regulators and/or market operators 18 Feb 2010
FTP Futures (also known as Fukumoto, Toshihiro and Partners Futures Trading) Unlicensed entities 27 Oct 2009
Financial Services Regulator of Hong Kong Fake regulators and/or market operators 28 Sep 2009
First Prime Group Ltd Unlicensed entities 18 May 2009
First Prime International Ltd Unlicensed entities 18 May 2009
Flagship Consolidated Unlicensed entities 31 Mar 2009
Feldman, Mackie & Chan LLC Unlicensed entities 22 Dec 2008
fxdeposit.com Suspicious websites 23 Jan 2008
Forex Capital Markets Club Limited / FXCM Club / FX Capital Club Limited Unlicensed entities 15 Oct 2007
Focus (AIM) Limited Unlicensed entities 11 Oct 2007
F-Easy Investments Co Unlicensed entities 1 Jun 2006
Forex & Futures International Limited Unlicensed entities 23 Jan 2006
Firstmax Trading Limited Unlicensed entities 8 Dec 2005
FX Millenia Limited Unlicensed entities 6 Dec 2005
Fong & Marcus Mergers and Acquisitions Unlicensed entities 2 Dec 2005
Factor Ten Financial Unlicensed entities 1 Nov 2005
First Swiss Financial Management AG Unlicensed entities 6 Jul 2005
First Colonial Management Unlicensed entities 27 Apr 2005
First Federal Banking Corporation Unlicensed entities 23 Jun 2004
Farber Pakenham and Associates Unlicensed entities 2 Jun 2004
Foreign Trade International Unlicensed entities 20 Jun 2002
First Chartered Capital Unlicensed entities 4 Mar 2002
Foreign Currency International Unlicensed entities 30 Jan 2002
Financial Securities International Ltd Unlicensed entities 29 Jan 2002
Fortune International Limited Unlicensed entities 5 Feb 2001
Fisher Sterling International Limited Unlicensed entities 12 Dec 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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