G4Trade claims to be operated by SB Global Ltd, a licensed financial services provider authorised by the Anjouan Offshore Financial Authority(AOFA) in the Union of Comoros with License number L15825/SBG and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa under licence number 47701, offering a range of investment products to traders, including Forex, Metals, Indices, Stocks, Commodities, Cryptocurrency, and more instruments for trading in global markets. G4Trade also claims to be a trademark of Swiss Innovationen AG. But this Swiss company is not regulated by the Swiss Financial Market Supervisory Authority (FINMA). Upon investigation, SB Global's Anjouan AOFA license claim to be verified due to the authority not disclosing the licensee's web address. We found that the company with licence number 47701 is TRADING ONE CAPITAL (PTY) LTD, but it also has not disclosing the licensee's web address and brand in FSCA. The truth is that G4Trade is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws. G4Trade is a scam.