Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

NEW HONGSHENG LIMITED

United Kingdom|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://www.newhongshengfx.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
NewHongshengLtd-LIVE MT5
Server Location United States

Contact

support@newhongshengfx.com
https://www.newhongshengfx.com
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

NEW HONGSHENG LIMITED.

Company Abbreviation

NEW HONGSHENG LIMITED

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 20 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Users who viewed NEW HONGSHENG LIMITED also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

Decode Global

8.35
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

Sway Markets

7.69
Score
1-2 yearsRegulated in AustraliaAppointed Representative(AR)Self-developed
Official website

FBS

8.75
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website
Pyramid scheme complaint
Expose
Unable to withdraw

I HOPE I'M NOT THE ONLY ONE WHO IS STILL UNABLE TO REACH NEW HONGSHENG?

It is evident that New hongsheng absconded with every investors money right after a bank transfer is made to their account. it is so sad that i did not research well before sending my hard earned money to this platform. I invested in two companies as at January 16th 2021 cryptoassetsbay.tech and New Hongsheng limited. My investment is still doing really well with cryptoassets and i am still amazed how New hongsheng where i invested a larger capital absconded with my money. i hope the authorities can find these scammers on time.

2021-04-11 19:19
Unable to withdraw

difficulty in withdrawing

On impulse I invested a token to try out trading on their platform. I then traded with them for months with a huge amount. When I asked for a withdrawal life got difficult! Like other reviewers, I was swamped with phone calls and emails encouraging me to trade and they are good talker. they asked me to pay withdrawal fee/commission. In addition I had to provide passport and credit card I.D., a utility bill etc. The whole thing was a nightmare. This is a company belonging to the Magnum group, with FAKE address and not register to any regulatory body. don’t trust this company with your money. with your proof of payment, write to financialrecovery.tech and file a complaint to help you get your withdrawal issues sorted and get your money back. NEW HONGSHENG LIMITED is not to be trusted, you will keep losing funds because they are banking on showing you losing trades and moving away with your funds afterwards.

2021-02-03 06:54

    NEW HONGSHENG LIMITED · Company Summary

    General Information

    NEW HONGSHENG LIMITED., or New Hongsheng FX, is a forex brokerage based in the United Kingdom, engaging in providing clients with various financial products and services. The broker has offices in Zurich, Hong Kong, Dubai and Tokyo as well.

    Market Instruments

    New Hongsheng offers investors a range of financial instruments including forex currency pairs, commodities, indices, precious metals.

    Leverage

    New Hongsheng provides up to 1:1000 in leverage.

    Spreads & Commissions

    The benchmark EUR/USD spread floats around 0.2-0.3 pips, and no commission is applied.

    Trading Platform Available

    New Hongsheng provides clients with access to the worlds financial markets through the MetaTrader 5 (MT5) platform which is used by millions of traders around the globe.

    Deposit & Withdrawal

    New Hongsheng hasnt made available payment methods clear on their website. Brokers which accept VISA and MasterCard are recommended because these major card providers allow chargebacks within a year and a half from the date of deposit to those investors who have fallen victim to a scam.

    Customer Support

    If clients have any questions or concerns, please email at support@newhongshengfx.com for consultation.

    User comment

    0

    Comments

    Write a review

    No comment yet

    start to write first comment

    22
    TOP
    Select Country/District
    United States
    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;
    License or other information error corrections, please send the information to:qawikifx@gmail.com
    Cooperation:fxeyevip@gmail.com