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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):
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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
MEXC Suspicious virtual asset trading platforms 15 Mar 2024
MEXC Suspicious virtual asset trading platforms 9 Feb 2024
Mayflower Advisors Unlicensed entities 28 Dec 2023
MGT STOCK / Longsheng Financial Limited Suspicious websites 25 Aug 2023
Magnate Holding / Magnate Global/ Magnate global Financial Group Unlicensed entities 24 Apr 2023
MSC Group Co. Limited Unlicensed entities 19 Apr 2023
MIT Investment and Trading (HK) Co., Ltd / Myiteng Investment Trading (HK) Co. Ltd / Miyiteng Investment & Trading (HK) Co., Ltd Unlicensed entities 13 Jun 2022
MagKing Global Limited / MagKing Forex Unlicensed entities 5 Mar 2021
Middleton Associates Unlicensed entities 13 Nov 2020
Million Tinkle International Unlicensed entities 22 Sep 2020
Mcgraw/ DBA Unlicensed entities 31 Aug 2020
Miraizo Group Limited Unlicensed entities 21 Jul 2020
Metroland Funds Management PTY Ltd Unlicensed entities 18 Jun 2020
Ming Dao International Trade Limited Unlicensed entities 17 Jun 2020
McKenzie International Investments Unlicensed entities 24 Dec 2019
Midway Management Unlicensed entities 31 Jul 2019
MGX100Asia Unlicensed entities 4 Jun 2019
Marco Go Up Holding Limited Unlicensed entities 28 May 2019
Mega TradeHub Unlicensed entities 13 Dec 2018
MRT-Capital Unlicensed entities 14 Nov 2018
Moretti & Associates Unlicensed entities 1 Nov 2018
Merrill Lynch International (HK) Limited Unlicensed entities 18 Oct 2018
ManlyFX Unlicensed entities 28 May 2018
Metropol Invest Group / Metropol Invest Group Limited Unlicensed entities 4 May 2018
Michael Ulrich Hartmann Unlicensed entities 19 Apr 2018
MDF Capital Limited / MDF Trading Limited / Markets Direct Financial Group Limited Unlicensed entities 28 Feb 2018
MSFG Capital Limited Unlicensed entities 5 Jan 2018
Mianchang Financial Holdings Hong Kong Limited Unlicensed entities 7 Dec 2017
Mitsubishi Global Unlicensed entities 10 Oct 2017
Michael & Carlos Holdings Unlicensed entities 28 Aug 2017
Mark & Melvin Limited Unlicensed entities 28 Aug 2017
My Secure Escrow Unlicensed entities 1 Aug 2017
Merryl Morgan Unlicensed entities 26 Jul 2017
MAGV Securities Inc Unlicensed entities 7 Jul 2017
MNB Holdings Unlicensed entities 12 Jun 2017
M-Markets Unlicensed entities 8 May 2017
Marshall & Grant Limited Unlicensed entities 2 May 2017
Metis Etrade LLC Unlicensed entities 27 Apr 2017
Merc Management Limited Unlicensed entities 7 Apr 2017
Mong Company Ltd Unlicensed entities 17 Feb 2017
Mitsui Credit Global Unlicensed entities 5 Dec 2016
Meridian Equity Group Unlicensed entities 12 Sep 2016
Matthew and Alexis Limited Unlicensed entities 24 Aug 2016
Marvont Group Unlicensed entities 2 Aug 2016
Momentum FX / Momentum Markets / Momentum Management Limited Unlicensed entities 2 Jun 2016
Mizuho International Financial Investment Company Limited Unlicensed entities 5 May 2016
Manniworth Co Ltd Unlicensed entities 11 Feb 2016
MLI Limited Unlicensed entities 28 Jan 2016
MG Wealth Advisors Unlicensed entities 19 Oct 2015
Moritzclear Research S.A. Suspicious websites 21 Sep 2015
Market Big Bear Group Ltd. Unlicensed entities 7 Sep 2015
Midland-Pacific Unlicensed entities 27 Aug 2015
Miller Reid Unlicensed entities 29 Jun 2015
Maxim Trader/Maxim Capital Limited Unlicensed entities 8 May 2015
Max Global Bullion Ltd. Unlicensed entities 6 Mar 2015
Morris Capital Partners Suspicious websites 2 Mar 2015
Moss Securities Private Asset Management Unlicensed entities 13 Nov 2014
Morris Capital Partners Unlicensed entities 10 Jan 2014
Mundial Securities Unlicensed entities 4 Oct 2013
MTC Global Group / MTC Global Financial Services Group Ltd Unlicensed entities 21 Jan 2013
Manhattan Capital Corp Unlicensed entities 19 Sep 2012
Murray Merger Group Unlicensed entities 26 Jun 2012
Metro Wide Investments Unlicensed entities 20 Jan 2012
MAN Group Foundation Limited Suspicious websites 29 Nov 2011
Mitsui Holdings Unlicensed entities 30 Sep 2011
Mclintock Greer & Co Unlicensed entities 28 Sep 2011
Milton Financials Unlicensed entities 30 Aug 2011
Master Vision Group of Banks Unlicensed entities 18 Jul 2011
Midway Financial Investment Group Unlicensed entities 9 Sep 2010
MY FX STAR Unlicensed entities 19 Mar 2010
Markets Central Unlicensed entities 19 Mar 2010
Monetary Authority of China Fake regulators and/or market operators 12 Mar 2010
Montgomery, Blake & Associates Unlicensed entities 23 Oct 2009
Morris Commodities Unlicensed entities 21 Oct 2009
Morris and Kent Mergers and Acquisitions Unlicensed entities 16 Sep 2009
Midas International Unlicensed entities 18 Aug 2009
Milton Hayward Unlicensed entities 6 Jul 2009
Macmillan Frasier Unlicensed entities 6 Jul 2009
Mays Group Limited Unlicensed entities 6 Jul 2009
Marketing Services International Unlicensed entities 30 Jun 2009
Morgan Capital Partners Unlicensed entities 19 Nov 2008
Mohoon International Investment Ltd Unlicensed entities 2 Sep 2008
Masaru Associates Unlicensed entities 31 Jul 2008
Miracle Asset Ltd Unlicensed entities 3 Jul 2008
Mangsang Investment Group Ltd Unlicensed entities 16 Jun 2008
Maynard & Breen Investment Services Unlicensed entities 19 May 2008
Man International (Hong Kong) Group Limited Suspicious websites 22 Apr 2008
Maxson & Associates Securities Limited Unlicensed entities 27 Feb 2008
Maxson Financial (H.K.) Co. Ltd Unlicensed entities 17 Jan 2008
Morgan Financial Advisors / MFA International Holdings Limited Unlicensed entities 10 Jan 2008
Macao Management Unlicensed entities 27 Dec 2007
Mitsui Financial Unlicensed entities 13 Dec 2007
Masterfield Investment Group Unlicensed entities 4 Dec 2007
MPT Marketing Service / Mountain Peak Trading Limited Unlicensed entities 27 Aug 2007
Morley Thompson Unlicensed entities 15 May 2007
Montesiore & Lutz Limited Unlicensed entities 15 May 2007
McBain Baxter Holdings Pte Ltd Unlicensed entities 15 May 2007
Merchant Lerner & Associates Unlicensed entities 14 Nov 2006
Masters & Bettman Unlicensed entities 1 Aug 2006
Morgan&Bonds Unlicensed entities 11 Jul 2006
Magna Capital Research Unlicensed entities 20 Feb 2006
Magnusson Edward Unlicensed entities 29 Dec 2005
Mercury Global Ltd. Unlicensed entities 14 Oct 2005
Morgan Lansky Inc. Unlicensed entities 3 Aug 2005
Mission Finance Limited Unlicensed entities 22 Dec 2004
Maxi-Trade Company Unlicensed entities 10 Nov 2004
Mckenzie Goldstein & Associates Unlicensed entities 19 Oct 2004
McBain Baxter Holdings Limited Unlicensed entities 1 Sep 2004
Mc Kenzie King Unlicensed entities 30 Jun 2004
Mason McHale Portfolio Management (Limited) Unlicensed entities 9 Mar 2004
Marcus Goodman & Phillips Consultants Unlicensed entities 26 Jan 2004
MartinMoss and Garcia Unlicensed entities 10 Nov 2003
Merit Prime Capital Unlicensed entities 6 Oct 2003
Maxuel Golding Associated Incorporated Unlicensed entities 18 Aug 2003
Mercantile Capital Management Ltd Unlicensed entities 27 Jun 2003
Martinez & Mannheim, S.A. Unlicensed entities 20 May 2003
Merit Capital Group Unlicensed entities 7 Mar 2003
Millennium Financial Ltd Unlicensed entities 29 Jan 2003
MultiWeb Media Corporation Unlicensed entities 29 Jan 2003
Morrison Cross Financial Investments Ltd Unlicensed entities 7 Jan 2002
Morgan Pacific Unlicensed entities 19 Nov 2001
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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