Is SNOK Group a Good Broker or a Scam?
SNOK Group is not regulated and has even been flagged by the SFC or the Hong Kong financial regulator. This is enough of a reason to avoid this broker. Why would anyone give a broker a “chance” that has been flagged as a fraud? Yet, there are many people who are not aware of these warnings. At the very least, it should bother any prospective trader that SNOK Group has no license.
We Have Some Concerns with SNOK Group
It is never a good idea to trade with an unregulated broker. The main reason SNOK Group was flagged by the SFC is that it was operating in places where it had no license and it also has received many complaints. When a broker gets negative attention from a regulator, that is a sign that they must have done something significantly wrong. Therefore, we would avoid SNOK Group and suggest you choose regulated brokers. Research any broker before signing up to keep your money safe.
SNOK Group Red Flags
- No license
- False guarantees of returns
- No contact information
- No transparency
- Negative reviews
Lost Money to SNOK Group? Talk to Us!
Our experts understand brokers–reliable ones and scam operations. We have researched brokers and have created these reviews to help consumers make the right choice for trading. We recommend that you avoid SNOK Group and instead find a reliable and licensed broker. If you have lost money to this broker, contact us and we will help you locate your funds