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TANRICH

Hong Kong|5-10 years|
Type B License|Suspicious Scope of Business|Medium potential risk|

http://www.tanrichgold.com/

Website

Rating Index

Contact

2802 8818
http://www.tanrichgold.com/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

Traditional Chinese(HK)

2802 8818

Broker Information

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Company Name

敦沛金号有限公司

Company Abbreviation

TANRICH

Platform registered country and region

Hong Kong

Company website

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WikiFX Risk Alerts
Previous Detection : 2024-05-05
  • The current information shows that this broker does not have a trading software. Please be aware!

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Scam

TANRICHcarries out incited frauds

Under the cover of the member in Hong Kong Gold and Silver Trade Market (member number: 030),TANRICH runs businesses concerning international forex gold and futures agency. It induces investors. The trading software (MT4) is an demo account purchased from the platform. The money does not actually enter the international market, but go to different second-tier merchants through a third-party payment platform. The fraud gang added me to a WeChat group with the name of free stocks advice. They opened stream live studio and gave lessons about stocks. I was later incited to trade London gold. They induced me to hold heavy positions and trade with full positions. I have been invited to the scam platform by those fraudster and cheated of 280,000 yuan. After investigation, the funds were transferred through China UnionPay, Yinsheng and Huanxun and settled in real time. My investment in the Tanrich did not enter the so-called third-party supervision bank, but were transferred to several domestic shell companies in the name of consumer shopping. They gave falsified facts, claiming to be back by "Southwest Securities International" such a large enterprise, desperately advocating "London gold" is a profitable business. They said that I only needed to operate online, easy to make big money. Brokers portrayed the earnings outlook as golden picture, and avoided the harsh prospects of risk. Every day, the adviser would gave me advice via WeChat and over phone. And I must also send a screenshot of the transaction information to him. The adviser kept letting me make orders frequently, and the service fees have cost me a lot deducted. Finally, Let me hold heavy position, resulting in losing all my money.

FX6829292231
2018-07-28 17:30

TANRICH · Company Summary

Company Name TANRICH
Headquarters Hong Kong
Regulations Regulated by CGSE
Market Instruments Primarily precious metals (local London gold and silver)
Commission Fee N/A
Deposit/Withdraw Methods Cheque, promissory notes, cash, transfer, remittance, electronic banking
Trading Platforms MT4 platform, mobile app
Customer Support (852) 3983 5883 (Hong Kong) and Email: asiacs@tanrich-asia.com
Educational Resources Market News, chart Analysis

Overview of TANRICH

Established in 1994, TANRICH regulated under the Chinese Gold & Silver Exchange (CGSE) in Hong Kong and provides professional service on precious metals trading and wealth management. The firm brings over two decades of experience in precious metals trading and primarily offers investment and related financial services in this sector to its clientele. The company is deeply adhered to the standards of service quality and high transparency, key values that have been its cornerstone over its extensive operational history.

Besides providing personalized attention through investment advisors, TANRICH also offers convenience of trading online round-the-clock, keeping pace with the dynamically fluctuating financial markets worldwide. Importantly, their trading hours connect three major markets - Hong Kong, London and New York, ensuring a wide coverage. TANRICH maintains a dedicated web page to provide market news, chart analysis, and various financial quotes, ensuring its clients stay informed and proactive.

Overview of TANRICH

Is TANRICH a regulated broker?

TANRICH is a brokerage firm reputed for holding a Type B License. The possession of this licence signifies that the firm operates in adherence to precise standards and stringent regulations imposed by financial watchdogs. This compliance bolsters its standing and brings a degree of trust and authenticity in the financial marketplace.

The company is also regulated under the Chinese Gold & Silver Exchange (CGSE) in Hong Kong, which affirms TANRICH's adherence to thoughtful and careful business conduct. This renowned regulatory authority ensures that the companies under its purview work within the established regulations, thereby offering an additional layer of security and confidence for its traders. This becomes particularly important in a volatile market environment, imposing accountability and reliability in the company's operations.

Is TANRICH a regulated broker?

Pros and Cons

Pros:

  1. Regulatory status: TANRICH is regulated under the Chinese Gold & Silver Exchange.

  2. Specialisation in Precious Metals: TANRICH caters primarily to investors seeking to trade in the precious metals market, particularly local London gold and silver, providing a niche avenue for investment.

  3. Multiple Deposit Methods: The broker offers a variety of options for deposit—cheque, cash, transfer, remittance, or electronic banking, enabling clients to choose the one most convenient to them.

  4. Diverse Customer Service Channels: TANRICH provides customer support through multiple communication channels including dedicated hotlines and traditional office visits.

  5. Physical Location: Unlike many brokers, TANRICH has a traditional office, extending an option for face-to-face interactions.

Cons:

  1. Limited Transparency: Key information absence could lead to unforeseen trading risks.

  2. Undefined Transaction Charges: All bank charges associated with deposits and withdrawals are borne by the clients, leading to additional undefined costs.

  3. Absence of Detailed Operational Information: The lack of information about TANRICH's business operations can hinder a potential investor's understanding of the brokerage and its processes.

  4. Undisclosed Trading Fees: The details about TANRICH's trading fees and commissions are not readily disclosed, an element that can potentially lead to unexpected trading costs for the clients

Pros Cons
Regulatory status: Limited Transparency
Specialisation in Precious Metals Undefined Transaction Charges
Multiple Deposit Methods Absence of Detailed Operational Information
Diverse Customer Service Channels Undisclosed Trading Fees
Physical Location

Market Instruments

TANRICH specializes in precious metals trading services, catering to investors seeking opportunities in this distinctive marketplace. The company's main offerings focus on local London Gold and Silver, two of the most sought-after commodities in the precious metals sector. Being a key player in precious metals trading, TANRICH's platform allows the investors to capitalize on the movements of these assets' prices which have major roles in the global economy.

Market Instruments

Through the diversity of its market offerings, TANRICH caters to a broad range of investor needs. Investors, from novices to professionals, can leverage their well-structured platform to participate in the precious metals market. It represents TANRICH's devotion to providing its clients with a dynamic and inclusive trading environment.

How to open an account in TANRICH?

Opening an account with TANRICH is a straightforward process that has been designed for the convenience and ease of potential clients. The process is secure, quick, and provides clients with the opportunity to begin trading in a timely manner. Here are the steps a prospective client needs to follow:

  1. Visit the TANRICH official website and locate the account registration page.

  2. Choose the preferred type of account and fill out the registration form with your personal information.

  3. Agree to the terms and conditions after a thorough read-through.

  4. Select your desired trading platform and complete your initial deposit using any of the provided payment methods.

  5. Submit any requested verification documents, such as an ID and proof of address to complete the verification process.

  6. Once your account is verified by TANRICH, you will receive a confirmation email and can begin trading.

Trading Platform

TANRICH facilitates its clients through the renowned MetaTrader 4 (MT4) platform, which is arguably one of the most widely-used trading platforms in the industry. MT4 is known for its comprehensive trading solutions, including real-time market charts, in-depth technical analysis, and seamless order trading configurations. This all-in-one platform is being adopted by more than 80% of the brokerage firms and banks across more than thirty countries.

Trading Platform

TANRICH extends its services to mobile platforms, providing a higher degree of accessibility for its clients. They offer dedicated mobile apps for both Android and iOS, facilitating the monitoring and execution of trades from anywhere, anytime. The availability of a mobile platform caters to the needs of modern-day trading, enabling clients to stay connected and responsive to market trends, no matter where they are.

Trading Platform

Deposit & Withdrawal

TANRICH offers its clients a variety of ways to deposit funds into their trading accounts like cheques, promissory notes, cash, transfers, remittances, or electronic banking. This wide range of options provides clients with the convenience and flexibility to choose a method. After making the deposit, clients are required to provide the details of the transaction such as the deposit amount, time of deposit, bank reference number, and a copy of the bank deposit receipt, remittance note, or cheque.

When it comes to withdrawals, TANRICH maintains a seamless process to ensure convenience for its clients. If a client wishes to withdraw funds, cash, or balance from their trading account, they need to notify their brokers during trading hours to facilitate the withdrawal. This process has been designed to ensure that clients have easy access to their funds when required. However, it should be noted that any bank charges associated with the withdrawal process will have to be borne by the clients.

Customer Support

TANRICH is equipped with an around-the-clock customer service approach to resolve client queries swiftly and effectively. Clients can reach out through their 24H Customer Hotline at (852) 3983 5883, and for those in China, the contact is 400 120 0919. Their helplines ensure persisting client trading concerns are addressed timely and efficiently. Additionally, TANRICH offers other consulting methods like email support at asiacs@tanrich-asia.com, as well as support via their QQ platform at 1575632267.

In addition to the above digital contact methods, TANRICH also shares a physical premise where they can be reached. Their office is located in Room 501C, 5th Floor, Tung Wai Commercial Building, 109-111 Gloucester Road, Wan Chai, Hong Kong. To send them any written documentation or paperwork, they can conveniently leverage TANRICH's fax services at +852 2802 8868. The firm's multi-channel customer service adds to its credibility, ensuring every client's preference and need is accommodated promptly and efficiently.

 Customer Support

Educational Resources

TANRICH offers a comprehensive suite of educational resources to its clients through its dedicated webpage. It provides up-to-date market news, allowing clients to stay informed about the latest developments in the financial markets. Clients are also furnished with chart analysis, aiding in knowledgeable trading decisions, and various financial quotes.

TANRICH enriches its educational offerings through its online trading platform that provides valuable market data on precious metals and allows exploration of investment strategies, including hedging between price and interest rate fluctuations. These educational resources play a pivotal role in empowering investors to make informed decisions while navigating their trading journey with TANRICH.

Risk Warning

While TANRICH offers opportunities in trading precious metals like local London gold and silver, potential investors should be aware of certain risks like comprehensive information about their operations, absence of a demo account, specifics of their trading fees and commissions, and their methodologies in risk management.

This lack of information could potentially expose investors to unforeseeable trading risks, which might cause substantial capital losses. Therefore, caution is advised when dealing with TANRICH. Potential clients should perform advanced due diligence by seeking independent advice and comprehensively understanding the associated risks before beginning their trading journey with this broker.

Conclusion

TANRICH is a brokerage firm delivering services in the realm of precious metals trading, featuring commodities such as local London gold and silver and regulated under (CGSE). Their service portfolio includes consultation as well as trading through the well-known MT4 platform. TANRICH's diverse customer service assures the prompt resolution of any client needs.

However, the lack of in-depth trading details might pose challenges for the clients on their trading expeditions. Lack of detailed information on key matters, including their operations, trading fees and commissions, and other information is a big concern. This could place investors unknowingly at risk of unpredictable elements of trade that can lead to substantial losses. Therefore, prior to undertaking a trading journey with TANRICH, potential investors are advised to fully comprehend the risks involved and to seek independent counsel.

FAQs

Q: What is TANRICH's regulatory status?

A: TANRICH is regulated under the Chinese Gold & Silver Exchange.

Q: What market instruments are offered by TANRICH?

A: TANRICH primarily specializes in trading services for precious metals such as local London gold and silver.

Q: How does TANRICH provide customer support?

A: TANRICH offers customer support through phone, email, QQ, and fax.

Q: What trading platforms does TANRICH offer?

A: TANRICH provides traders with a well-known MT4 trading platform, as well as a proprietary mobile app.

Q: What is TANRICH's deposit and withdrawal process?

A: Clients can deposit via cheque, cash, transfer, remittances or electronic banking.

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FX1158050654
more than one year
Tanrich Gold is a deceptive platform. The mt4 platform provided is not easy to use at all. I suspect it is a fake pirated platform. Orders are not executed for you, and the charting tools are even more messy. I lost all my money on it, and they still don't admit what they did.
2022-12-13 14:44
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