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Ronghui Group Co., Ltd

United Kingdom|2-5 years|
Suspicious Scope of Business|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.ronghuifore.com/en/index.html

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Contact

Admin@ronghuiforex.com
https://www.ronghuifore.com/en/index.html

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Broker Information

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Company Name

Ronghui Group Co., Ltd

Company Abbreviation

Ronghui Group Co., Ltd

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-06-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0546757) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
  • This broker exceeds the business scope regulated by United States NFA(license number: 0546757)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Ronghui Group Co., Ltd · WikiFX Survey

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Ronghui Group Co., Ltd · Company Summary

General Information & Regulation

General Information & Regulation

Ronghui Group Co., Ltd presents itself as an independent broker registered in the United Kingdom that claims to serves individual and institutional customers with various tradable financial instruments with leverage up to 400:1 and variable spreads from 0.0 pips on the MT5 for iPhone, Android and PC trading platforms, as well as 24/7 customer support service. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that Ronghui Group Co., Ltd does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.06/10. Please be aware of the risk.

General Information & Regulation
General Information & Regulation

Market Instruments

Ronghui Group Co., Ltd advertises that it offers access to a wide range of trading instruments in financial markets, including more than 50 forex currency pairs, indices, CFDs, precious metals like gold and silver, crude oil and other commodities.

Account Types

Ronghui Group Co., Ltd claims to offer many different types of accounts,including Standard account and VIP account. From the information on the spreads, we found the broker seems to offer the original account, too. However, it says nothing about the minimum initial deposit requirement to open an account.

Leverage

The leverage provided by Ronghui Group Co., Ltd is capped at 400:1. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

Ronghui Group Co., Ltd claims that different account types and trading assets have quite different spreads. Just take the benchmark EUR/USD spread as an example, the spread on the standard account is as low as 0.9 points, while the original account clients can enjoy raw spreads from 0.0 pips.

Spreads

Trading Platform Available

Platforms available for trading at Ronghui Group Co., Ltd are MT5 for iPhone, Android and PC. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Trading Platform Available

Customer Support

Ronghui Group Co., Ltd‘s customer support can be only reached by email: Admin@ronghuiforex.com. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

User Reviews

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FX6604321292
more than one year
terrible platform, took my money, I tried to withdraw .sent email saying I have to pay for tax which I did, the issue could not be solved, kept requesting for more commission , bad treatment . I had to look help expertapexrefund o rg, they trashed out everything, I got received my as- set and I was relief of the pain I passed through.
2023-07-14 21:33
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0
0
Maowei
more than one year
Please keep your money as far as possible away from Ronghui because it is a big scam. I lost 255K USD using Ronghui and its scammers.
2023-03-02 19:03
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0
0
Maowei
more than one year
My investing principal was removed and no people in Ronghui can be reached. I lost 255K USD.
2023-03-02 11:56
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0
0
Maowei
more than one year
and individual income tax. The accounting manager using LINE informed that the profit tax can be withdrawn from the profit, but the individual income tax should be paid by the customer separately. Currently my investment account# 19880448 at Ronghui was closed and cannot be logged in with my credentials, and the MT5 software with my account is not working. The contact information is not respnosive because no person in Ronghui answered my requests via LINE. The contact telephone was not working
2023-03-02 11:55
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0
0
Maowei
more than one year
This platform was given at https://ronghuifore.com/zh-hk/I was told that I can be assisted by a assitant analyst working for HKEX to invest futures including USOUSD, UKOUSD and XAUUSD using US dollars. I continuously invested 255K dollars and earned a profit of more than 4 milillion with a contract assigned between customer and Ronghui. After being requested according to the contract, all money including my principal and profit was transferred out for a calculation of taxes, profit tax (8.25%)
2023-03-02 11:54
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0
0
Maowei
more than one year
Once the tax is in hand, they disappear. Your principal is lost forever, not to mention those virtual profits. Neither the Securities Regulatory Commission nor the Anti-Fraud Police Department can help you get your money back unless you catch the scammer right there and then. Do not make any deal with this Ronghui most.
2023-03-02 11:51
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0
0
Maowei
more than one year
They are used to using LINE dating software to trick you into setting up an account in Ronghui, investing in foreign exchange and futures, and then keep in close contact with you all the time, making you feel that the other party is sincere, kind, and kind. They are good at advancing your principal and making you happy. Then keep urging you to increase your deposit. Among them, Lin Yaping, lied that she was divorced and single, her mother had stomach problems, was a middle school teacher, and was retired; her father worked at the Hong Kong Securities Regulatory Commission. A friend of her father was hired from Wall Street to be the chief analyst of the Hong Kong Stock Exchange to do technical analysis for Ronghui's clients and lead a team of more than 80 people. These are all lies, don't believe them. Lin Yaping, manager Zhang from the customer department and Lin Wenqing from the financial department, or other names, will work together to continuously drain your blood, and then sign with you the power to entrust investment in the form of a foreign exchange entrusted transaction agreement, that is, the technical team You need to know your account password, and then they use your money to invest in crude oil and gold, and in a short period of time, your funds will increase dramatically. Then withdraw the funds together to make your account principal return to zero. Falsely claiming that your profit tax and personal income tax will be deducted, and the remaining profit and principal will be deposited into your personal bank account except for the commission for entrusted investment. This is also false, because they deliberately let customers pay high personal income tax, which is why you temporarily make a profit, because the personal tax is very high, and in order to be greedy for such a high profit, you will find ways to pay the personal income tax. you
2023-03-02 11:50
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0
0
@亮
more than one year
This broker tries to defraud more people using an anonymous website. It says to offer 24/7 customer support, but you can hardly get in touch with them. their task has completed after you put money in. Sharpen you eyes and don’t fall prey to these scammers.
2023-02-24 14:21
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0
0
被骗007
more than one year
I can't withdraw money please contact me
2023-01-27 11:12
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0
0
闪客
more than one year
I just want them to stop calling me! I am not rich to afford a $10,000 initial deposit, ok? Trading in the forex industry for many years, I’ve never seen such a greedy cheater!
2022-12-16 11:50
Reply
0
0
༺ༀ༂࿅࿆小༒龙࿅࿆༂ༀ༻
more than one year
Is Ronghui joking? Is he really a forex broker? How confusing is the information on the website? I don't even know the account settings, and what's even more exaggerated is that the minimum deposit is required to be 10,000 US dollars. Thinking about money is crazy! Do not trade with this black platform!
2022-12-15 10:01
Reply
0
0
jason2525
more than one year
Hi, I just made a deposit. Can I get in touch with you?
2022-11-11 13:30
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0
0
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