Facebook   LinkedIn   WeChat   YouTube Alert List
Alerts – full list

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:

| |
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
Ou Lian Wealth Group / Oulian Wealth Group Unlicensed entities 24 May 2022
OSL Corporation Suspicious virtual asset trading platforms 18 Nov 2021
OBT International Limited Unlicensed entities 9 Feb 2021
Olympus International Limited Unlicensed entities 21 Jan 2021
Old Trader Investment Management Unlicensed entities 14 Feb 2019
Opportunity Trade Unlicensed entities 20 Sep 2018
Oovao Powers Limited Unlicensed entities 5 Jan 2018
Olympia Capital Exchange Unlicensed entities 14 Dec 2017
Oakfair Investment L.L.C. / Oakfair Investment Unlicensed entities 5 Dec 2017
OSG Forex / Optimum Standard International Group Limited Unlicensed entities 4 Oct 2017
Orix Capital Trading Unlicensed entities 23 Jun 2017
Ocean Star Capitals Unlicensed entities 11 May 2017
Ono Ventures Unlicensed entities 21 Feb 2017
Orient Int’l Copyright Trading Holdings Limited / Oriental International Culture and Art Exchange Platform Unlicensed entities 21 Dec 2016
Option500 Unlicensed entities 20 Oct 2016
OTEX World Corporation Unlicensed entities 23 Aug 2016
Osaka Financial Unlicensed entities 10 Aug 2016
Offshore East Private Wealth Managers Unlicensed entities 15 Jul 2016
Oak Capital Unlicensed entities 5 Jan 2016
OptionRally Unlicensed entities 7 Sep 2015
Option Financial Markets Unlicensed entities 29 Apr 2015
Oxred Limited Unlicensed entities 2 Mar 2015
Offshore Transfers Limited Unlicensed entities 8 Sep 2014
Overseas Corporate Advisors Inc Unlicensed entities 4 Jan 2013
Ocean International Ltd Unlicensed entities 19 Sep 2012
Option World Unlicensed entities 14 Sep 2012
Omega Trading Group Unlicensed entities 30 Aug 2012
Oriental Futures Trading Unlicensed entities 18 Jun 2012
Opus-Alliance Unlicensed entities 23 Nov 2011
OFS Capital Group Unlicensed entities 1 Jun 2011
Options Extreme Unlicensed entities 12 Apr 2011
Oppenheimer Lloyd Consultants Unlicensed entities 12 Apr 2011
Omega Trading Unlicensed entities 18 Nov 2010
Options and Futures Eastern Trading Limited Unlicensed entities 15 Jul 2009
Omega Capital Management Unlicensed entities 28 Nov 2008
Octagon Consulting Unlicensed entities 31 Oct 2007
Olympia King Wealth Group Unlicensed entities 2 Apr 2007
Olympia Corporate Services Unlicensed entities 29 Dec 2005
Opus Financial Group Unlicensed entities 6 Jul 2005
Options International Ltd. Unlicensed entities 18 May 2005
Orion Ventures Limited Unlicensed entities 27 Apr 2005
Oxford Trading (1978) Limited Unlicensed entities 30 Jun 2004
Oasis Capital Inc Unlicensed entities 10 Nov 2003
Origin Merchant Bank Unlicensed entities 18 Aug 2003
Our World Exchange Limited Unlicensed entities 24 Mar 2003
Oasis Resorts International 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

We use cookies to improve the website performance and user experience. If you continue to use this website, you are agreeing to their uses. Learn more about our privacy policy.