The TSG Brokers website positions itself as a "CySEC licensed Forex/CFD broker" and prominently discloses on the page: CFDs are high-risk products, with a retail account loss ratio of 77.95%. This statement itself indicates that even if the platform is "registered," trading still has a high likelihood of heavy losses—anyone seeing "leverage + CFD" should first set their risk expectations to the maximum.
Official Verification Result: License and Domain Can Indeed Be Matched on Regulatory Page
In CySEC's investment company entry, you can find TSG Brokers Ltd (ex GWG (Cyprus) Ltd), marked with Licence Number: 291/16, along with phone, email, and other contact information.
However, one of the most common tactics in the forex industry is "using stolen license numbers to make clone sites." A registered license ≠ the website you visit is necessarily authentic; whether the same domain can be matched on the regulatory list is the first critical threshold.
Must-Document Negative Record: Former Gametech Was Once Suspended by CySEC
CySEC's public decision page shows: Gametech (Cyprus) Ltd had a regulatory decision made on 2017-03-13, announced on 2017-03-31, titled "Revocation of CIF Authorization."
This is not "online rumor," but regulatory public record: Suspension of authorization is a severe regulatory action, indicating the entity was deemed by the regulator to require immediate restriction of its investment company business qualifications (even if the suspension was later lifted, it does not mean this history can be ignored).
Meanwhile, CySEC's TSG Brokers entry clearly lists Gametech (Cyprus) Ltd as one of the "Previous Names," indicating this is part of the historical evolution under the same regulatory file chain.
(Supplement: The Malta Financial Services Authority MFSA also issued an announcement, relaying CySEC's suspension decision against Gametech, noting that during the suspension period, the company was not authorized to provide related investment services.)
The Most Likely Pitfall for Users: Not "Having a License," but "Whether You're Being Led to a Fake Entry"
If any of the following situations occur, you should immediately increase the risk level to the highest:
- Customer service directs you to "another backup address/opening page/download page," rather than tsgbrokers.com.
- The other party claims "same company, same license," but the contact information does not match the CySEC list (email/phone/company name doesn't match).
- You're asked to deposit via "personal account/third-party account/cryptocurrency address," or promised "principal protection/fixed income." (Such claims contradict their website's emphasis on high-risk alerts.)
Risk Disclaimer
This article only performs public information verification and risk alerts, and does not constitute investment advice. Even if TSG Brokers' current license is registered and the domain is on the approved list, its past name Gametech's phase had a record of CySEC suspension, which must be included in the risk management file as a "solid negative."
