Borsaway Review: An SFC Licence Claim, No Company, and a Contract Naming a Regulator That Does Not Exist
Borsaway claims a Hong Kong SFC licence numbered AGM 642, plus an AMLO licence for digital assets. The SFC placed borsaway.com on its Alert List as a suspicious website on 13 August 2026. The site is an Arabic-language copy of OneTradePro. We score Borsaway 1.0 out of 10.
Quick facts
| Legal entity | Not stated anywhere on the site |
|---|---|
| Regulator | Unlicensed |
| Licence number | AGM 642 (claimed as an SFC licence; the SFC lists the site as suspicious) |
| Headquarters | Not stated |
| Minimum deposit | $250 Classic, $5,000 Gold, $10,000 VIP |
| Maximum leverage | 1:500 on the VIP tier |
| Platforms | WebTrader | Mobile App |
| Instruments | Cryptocurrencies | Forex | Commodities | Indices | Stocks |
| Withdrawal time | Not published |
| Segregated funds | Not claimed |
| Website | borsaway.comnot linked: see our verdict |
Borsaway is an Arabic-language broker site that presents itself as licensed in Hong Kong. The Hong Kong regulator it names has published the site as suspicious. That is the finding, and the rest of this review is the evidence behind it and the reason it matters beyond this one domain.
The claim
The site states, in Arabic, that it is a company specialising in digital asset services and financial trading, licensed and regulated by the Hong Kong Securities and Futures Commission under licence number AGM 642. It adds that it operates under both SFC and AMLO licences, allowing digital asset trading and securities services in compliance with anti-money-laundering and counter-terrorist-financing requirements.
Two separate regulatory claims, then. Both are checkable.
What the SFC published
On 13 August 2026 the SFC added https://www.borsaway.com to its Alert List under the category “Suspicious websites”. The Alert List is where the SFC names websites it believes may be targeting Hong Kong investors without authorisation. It is published by the same body the site claims as its regulator, and it is free to read.
On the AMLO point: Hong Kong’s virtual asset service provider regime under the Anti-Money Laundering Ordinance is a separate licence with its own published list of licensed providers and its own numbering. Describing it as a second licence attached to an SFC number is not how the regime works. It reads as a claim assembled from headlines about Hong Kong regulation rather than from the rules.
The same site in another language
Borsaway is not a one-off. OneTradePro, an English-language site the SFC listed a week later, is the same product:
| Borsaway | OneTradePro | |
|---|---|---|
| Language | Arabic | English |
| Claimed regulator | Hong Kong SFC | Hong Kong SFC |
| Claimed licence | AGM 642 | MFS915 |
| Classic | $250, spreads standard, 1:100 | $250, spreads standard, 1:100 |
| Gold | $5,000, priority support, 1:200 | $5,000, priority support, 1:200 |
| VIP | $10,000, 24/7 support, 1:500 | $10,000, 24/7 support, 1:500 |
| SFC Alert List | 13 August 2026 | 20 August 2026 |
Same tiers, same deposits, same leverage caps, same support promises, different licence number. The licence number is the only field that changes, which tells you how much thought went into it.
Why the Arabic version exists
Worth saying directly, because it is the reason a reader in the Gulf or North Africa may have found this page. Arabic-language broker sites are frequently deployed as a separate front on the same infrastructure, on the assumption that fewer visitors will check an English-language Hong Kong register or read an English regulator alert. The Islamic account offered on every tier is part of the same targeting.
The check does not get harder in Arabic. The SFC Alert List is a public web page, the entry names the domain in plain text, and the date is on it.
The tier ladder
$250 to open, $5,000 for better spreads, $10,000 for the best. Leverage rising from 1:100 to 1:500 as the deposit grows.
In a supervised market, leverage above the retail cap requires you to prove trading experience and portfolio size, and firms grant it grudgingly because it removes protections from the client. On this page it is sold as a reward for depositing more. That inversion is the single most reliable marker of a sales-desk operation, and it appears on nearly every broker we have filed under Scam.
What is missing
No company name. No registration number. No address. No named officers. The footer is a copyright line in Arabic and nothing else. A firm holding two Hong Kong licences would have a legal entity, a registered office and responsible officers on public record, and would say so, because saying so is the point of holding them.
What the score is made of
| Pillar | Weight | Score | Why |
|---|---|---|---|
| Regulation and licence tier | 30% | 0.3 | Two claimed licences; the named regulator lists the site as suspicious |
| Fund safety and withdrawals | 25% | 0.6 | No compensation scheme, no segregation statement |
| Cost and execution | 15% | 2.0 | Spreads described by tier only |
| Transparency | 15% | 0.5 | No entity, address, registration number or officers |
| Complaint record | 10% | 2.5 | Short public history under this name |
| Platform and support | 5% | 3.0 | Unverified |
1.0 out of 10, in the Scam band. OneTradePro scores the same because it is the same thing.
If you have already deposited
- Stop. Especially if you have been told a fee, a tax or a margin call must be paid before a withdrawal can be released. That request is the operation, not an obstacle to it.
- Screenshot the licence claim and your account before the site changes. Save the SFC Alert List entry as well.
- Card payments: ask your bank about a chargeback for services not provided, typically within 120 days.
- Bank transfers: request a recall through your bank as soon as possible.
- Crypto: not reversible, but keep the receiving addresses. They belong in the report.
- Report it to the financial regulator in your own country and to the SFC. Reports are what put the next domain on a list.
- Do not pay a recovery service. Fee-up-front recovery offers after a broker loss are, with very few exceptions, the same people again.
The general rule
Any broker’s licence number can be checked against the regulator’s own register in a few minutes, and the same regulator’s warning list can be searched for the domain. Do both before the first deposit rather than after. Two searches would have answered this one.
Answered in detail
Safer alternatives
Rated Trusted or Neutral against the same six pillars. These link to our own reviews, not to the brokers, and no broker can pay to appear here.