Licensed & Regulated
Founded in 2006, SGT became licensed and regulated in full conformity with the Securities and Investment Business Act, 2010 (SIBA) as a Principal Dealer, enabling us to provide dealing, brokerage, and market-making services to our clients across all asset classes.
SGT was one of the first companies to obtain licensed and regulated status as a Principal Dealer. The continuity of our licensed and regulated status is subject to rigorous, third-party audits by international chartered accountants Baker Tilly to regularly reconfirm and recertify our commitment to satisfying our regulatory requirements.
Professional Indemnity Coverage
The safety of our clients’ funds is integral to the sustainability of our brokerage business model. SGT has committed significant resources towards achieving this goal and we are proud to extend an additional level of security to all our clients with Professional Indemnity coverage for FX and CFD brokerage activities.
SGT Professional Indemnity Insurance (PII) protects retail and professional our clients’ capital in the event of any business disruption, at no additional cost to our clients at all.
SGT has obtained the highest available insurance coverage from one of the largest and most reputable global insurance underwriters – LLOYD’S Syndicate Group. This insurance enables SGT to safeguard its liabilities against clients by providing indemnification coverage against errors, omissions, negligence, fraud, and various other risks that may lead to financial loss.
The banks and financial institutions SGT works with maintain intermediary and correspondent accounts with some of the largest banks in the world, across a variety of currencies. This affords our clients additional peace of mind, knowing that these intermediary and correspondent banks are subject to the strictest regulations and supervision by some of the largest central banks, monetary authorities, and capital markets supervisory bodies in the world.
SGT carries out comprehensive due diligence on the banks that it holds, or plans to hold, client money with, not only when selecting the bank but also on an on-going basis. Banks are chosen, amongst other things, on the strength of their balance sheet, their credit rating and risk outlook.
SGT submits a regular Client Money & Assets Return to the FSC in the British Virgin Islands and our client money arrangements are audited by our independent auditor on an annual basis, with a copy of their report provided to the FSC.
Regulations & Credit
Anti-Money Laundering (AML) Compliance
SGT operates in full compliance with all applicable anti-money laundering (AML) provisions and best international practices. As a Principal Dealer and a financial intermediary, we strive to safeguard the integrity of the international payments and financial systems we utilise, principally through the verification of all clients prior to entering into a client relationship.
No Third-Party Funding
Third-party account funding is not permitted pursuant to SGT internal policies and regulatory requirements. SGT may only accept funds from pre-approved SGT account holders who have successfully completed our rigorous due diligence processes.
Counterparties can face us via our Prime broker setup.