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Hong Kong’s Securities and Futures Commission (SFC) has put MomentumFX / Momentum Markets / Momentum Management Limited on its warning list of unlicensed entities.
According to the SFC, the company provides a business address in Hong Kong, but is not located there. The regulator also gives the website www.momentummarkets.com, from which it reportedly operates, but an SMN check revealed the domain is currently up for sale, but apparently has had something to do with forex trading.
Furthermore, another check revealed that Momentum Management Limited was a name of a UK company, which was dissolved in 2010 and of a Hong Kong-registered Private Company Limited By Shares, incorporated in 2012.
Momentum Markets, on another hand, is a Danish investment and consulting company with an address in Copenhagen and a website www.momentummarkets.dk.