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No valid regulatory information, please be aware of the risk!
They won't let me withdraw my money, stating that I have to pay a late fee because I took time to withdraw the money.
I applied for a withdrawal on January 8, 202. But it hasn’t been approved yet. They promised that it just took 2-3 days or 1-5 days to withdraw funds. No response so far
I knew a man called Li HaiLi via WeChat. I fell in love with him and I have been cheated. He said what he did was for our future. Then he forced me to transfer money to hongkong south china. This company always changes its recipient account. When you apply for withdrawal, they ask u to pay a tax of 20%. You can withdraw funds after paying the money. But this is a scam. There are many other fees. I don’t know where I can complain so I expose it here
Note: For some unknown reason, we cannot open HK South China Internationals official site (https://www.scforex.hk/scyw/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
HK South China International, a trading name of Hong Kong South China International Co.,Limited, is allegedly a financial services company incorporated on 2020-03-28 in Hong Kong that claims to provide its clients with the leading MetaTrader5 trading platform.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc.
As for regulation, it has been verified that HK South China International does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.38/10. Please be aware of the risk.
HK South China International advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.
Trading Platform Available
The platform available for trading at HK South China International is the worlds most widely used MetaTrader5. 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.
HK South China International‘s customer support can be reached by email: email@example.com. Company address: Zhong Zhang Kee Building, Des Voeux Road, Central and Western District, Hong Kong. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.
Online trading involves significant 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.
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