Company Profile
Company Profile
Review summary
Note: Glory Sky Group official site - https://www.gloryskygroup.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
| Glory Sky Group Review Summary in 10 Points | |
| Founded | 2007 |
| Registered Country/Region | Hongkong |
| Regulation | Unregulated (suspicious SFC and CGSE clone) |
| Market Instruments | Securities, Forex Exchange, Futures, Precious metals |
| Demo Account | Not disclosed |
| Leverage | Not disclosed |
| EUR/USD Spread | Not disclosed |
| Trading Platforms | Not disclosed |
| Minimum Deposit | Not disclosed |
| Customer Support | Email, Phone, QQ, WhatsApps |
What is Glory Sky Group？
Glory Sky Group, a global brokerage headquartered in Hong Kong, offers a diverse range of market instruments, including Securities, Forex Exchange, Futures and Precious Metals. However, it's imperative to highlight that the SFC and CGSE licenses claimed by the broker are suspected to be fake clones, and its website is currently inaccessible. These factors introduce substantial investment risks associated with the platform.
In an upcoming article, we will conduct a comprehensive review of the broker's features, presenting information in a well-organized format. If this topic piques your interest, we strongly recommend you reading further. A concise summary at the end of the article will provide an overview of the broker's distinctive characteristics.
Pros & Cons
| Pros | Cons |
| • Wide range of trading instruments across multiple asset classes | • Suspicious SFC and CGSE clone |
| • Website dysfunctional | |
| • Lack of transparency | |
| • Negative reviews from their clients |
Glory Sky Group, as a broker, presents a mixed bag of pros and cons for potential investors to consider.
On the positive side, they offer a diverse array of trading instruments spanning various asset classes, providing traders with a wide range of options to explore and diversify their portfolios.
However, several concerning drawbacks raise serious questions about the broker's credibility and reliability. Firstly, their suspicious regulatory status as a clone of SFC and CGSE casts a shadow of doubt over their operations. The dysfunctional website further compounds the issue, hindering accessibility and usability. Additionally, the lack of transparency and negative client reviews paint an unfavorable picture of their business practices, suggesting potential risks that investors should carefully weigh before engaging with Glory Sky Group.
Is Glory Sky Group Safe or Scam？
When considering the safety of a brokerage like Glory Sky Group or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: Glory Sky Group's possession of suspicious clone licenses from SFC (Securities and Futures Commission of Hong Kong) with number AGK862 and CGSE (The Chinese Gold & Silver Exchange Society) with number 191 raises substantial safety concerns for prospective traders.
User feedback: The existence of three reports on WikiFX pertaining to scams and withdrawal issues should be regarded as prominent warning signals. Before getting involved with any broker or investment platform, conducting thorough research and exercising due diligence is absolutely crucial to avoid making regrettable decisions.
Security measures: So far we cannot find any security measures info on Internet for this broker.
Ultimately, the decision of whether or not to trade with Glory Sky Group is a personal one. You should weigh the risks and benefits carefully before making a decision.
Market Instruments
Glory Sky Group specializes in offering a comprehensive array of market instruments to a diverse clientele, encompassing both individuals and corporate entities, as well as funds and financial institutions across the Asia Pacific region.
Their services extend to a broad spectrum of financial management options, providing support for local securities, foreign exchange, futures, and precious metals such as gold trading in key financial hubs such as Europe, New York, and Asia.
With a focus on traditional and online investment services, Glory Sky Group caters to the varied needs of investors in dynamic markets, offering a one-stop solution for their financial ventures.
User Exposure on WikiFX
WikiFX has reported three concerning issues, highlighting scams and withdrawal problems that should be of paramount concern for potential investors. We strongly recommend that all traders undertake extensive and thorough research before making any financial investments.
Our platform is dedicated to providing comprehensive information to facilitate informed decision-making. If you have come across fraudulent practices or have been unfortunate victims of broker scams, we wholeheartedly encourage you to share your experiences in our 'Exposure' section. Your input is invaluable, and our dedicated team is unwaveringly committed to addressing these issues and advocating on your behalf to seek resolutions for these intricate situations. Your active involvement can play a crucial role in protecting the interests of fellow traders.
Customer Service
Glory Sky Group offers a range of customer service options to cater to the diverse needs of its clients. Clients have the flexibility to contact Glory Sky Group through various channels, ensuring accessibility and prompt assistance for their inquiries and concerns.
Phone: +852 3420 1000.
Email: enquiry@gloryskygroup.com.
QQ: 800021272.
WhatsApp: 5637 8866.
Conclusion
Glory Sky Group, a global online brokerage with its headquarters based in Hong Kong, appears to offer a diverse range of trading instruments, including Securities, Forex Exchange, Futures, and Precious Metals, as indicated by online sources.
However, its questionable regulatory status, where it is suspected of being a clone of SFC (Securities and Futures Commission of Hong Kong) and CGSE (The Chinese Gold & Silver Exchange Society) regulations, raises substantial red flags. Esteemed brokers typically adhere to established financial regulations, providing clients with a reassuring sense of security and trustworthiness.
The inaccessibility of their operational website, coupled with the presence of three reported cases related to scams and withdrawal issues on WikiFX, further undermines their credibility and professionalism.
Therefore, we strongly advise potential investors considering Glory Sky Group to exercise the utmost caution. It is prudent to explore alternative, regulated brokers that prioritize transparency, security, and maintain a high standard of accountability to ensure a safer and more reliable trading environment.
Frequently Asked Questions (FAQs)
| Q 1: | Is Glory Sky Group regulated？ |
| A 1: | No. It has been verified that this broker currently holds suspicious clone licenses from SFC (Securities and Futures Commission of Hong Kong) with number AGK862 and CGSE (The Chinese Gold & Silver Exchange Society) with number 191. |
| Q 2: | Is Glory Sky Group a good broker for beginners？ |
| A 2: | No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of the lack of transparency and reports of scams and unable to withdraw. |
| Q 3: | What kind of trading instruments does Glory Sky Group offer？ |
| A 3: | Glory Sky Group is an Hong Kong-based brokerage firm offers Securities, Forex Exchange, Futures, Precious metals as market instruments to traders. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
FX5179383613
Hong Kong
GLORYSKY give reverse order recommendations and profits from clients’ losses. It induced me to hold heavy position of rush the operation of Dalbergia odorifera, which fluctuate greatly. I already held positions of 5,000 dollars, but it repeatedly told me to trade another 1 lot. When the market went the opposite side, I suffered a forced liquidation. Then it told me to add positions to take money back. With small profits and great losses, without stop loss, I lost nearly 100,000 yuan in the end! ! ! This scam platform must be exposed!
Exposure
FX5179383613
Hong Kong
Money is not allowed to withdraw on GLORYSKY with the excuse of system upgrade. They asked me to open a new account. But when I applied for withdrawing money via the new account, the request was rejected. Now I am still unable to withdraw the money!
Exposure
2513694948
Hong Kong
GLORYSKY give reverse order recommendations and profits from clients’ losses. It induced me to hold heavy position of rush the operation of Dalbergia odorifera, which fluctuate greatly. I already held positions of 5,000 dollars, but it repeatedly told me to trade another 1 lot. When the market went the opposite side, I suffered a forced liquidation. Then it told me to add positions to take money back. With small profits and great losses, without stop loss, I lost nearly 100,000 yuan in the end! ! ! This scam platform must be exposed!
Exposure
FX1347054363
Singapore
I used to trade with Glorysky and I got some good spreads. I don’t tell lies. However, that was a flash in the pan. The trading conditions became worse and worse after trading with it for two weeks. I remember clearly that when I made some profits, they froze my accounts, and did not answer any question. I find nowhere to report this scammer, so I left with some losses.
Neutral