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Razzie87
Within 1 year

Can I trust Going Securities as a reliable and secure broker for trading?

Broker Issues
Going Securities
Regulation
05-03
United States
WikiFX
Reply

From my perspective as an experienced trader, trusting a broker ultimately comes down to regulatory oversight, operational transparency, and personal experience—or at least a body of user evidence. Going Securities currently operates out of Hong Kong and is regulated by the SFC (Securities and Futures Commission), which gives me some initial reassurance since the SFC is considered a reputable regulator with established frameworks for client fund protection and dispute resolution. The company has been operating for about two to five years and focuses on futures, securities, and asset management, offering its own "Going Securities Pro" trading platform. However, I noticed there are a few points that give me pause. While the regulation is significant, the broker’s fee structure is not clearly disclosed, and as a rule, I am cautious when key elements such as fees or commissions are not fully transparent up front. The business scope also raises some questions with the mention of a "Suspicious Scope of Business," indicating there could be operational activities outside their officially regulated permissions. For me, clarity and straightforwardness in business practices are essential, especially for newer firms without a long track record. In summary, the SFC license does provide a measure of security, but as a cautious trader, I would want to see a clearer fee structure, more user feedback, and ongoing transparency before moving significant funds to an account with Going Securities. For now, I would proceed conservatively and continue monitoring for any updates on their reputation and regulatory standing.

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