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Cang Limited

United Kingdom|2-5 years|
Regulated in United States|Suspicious Regulatory License|White label MT5|Chinese market only|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.cangvipfx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

1
Server Name
CangLimited-Server MT5
Server Location Hong Kong

Contact

SERVICE@CANGVIPFX.COM
https://www.cangvipfx.com/

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Cang Limited

Company Abbreviation

Cang Limited

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2024-04-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0549716) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

WikiFX Verification

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Cang Limited · Company Summary

Note: Cang Limiteds official site - www.cangvipfx.com is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

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.

General Information

Cang Limited Review Summary in 10 Points
Founded 1-2 years
Registered Country/Region United Kingdom
Regulation NFA (Unauthorized)
Market Instruments N/A
Demo Account N/A
Leverage N/A
EUR/USD Spread N/A
Trading Platforms MT5
Minimum Deposit N/A
Customer Support Email: SERVICE@CANGVIPFX.COM

What is Cang Limited?

Cang Limited is an offshore brokerage company that is not regulated by any major financial authorities. There have been several reports of Cang Limited being a scam. Some users have alleged that they were unable to withdraw their funds from the platform. The website for Cang Limited is currently unavailable. It is strongly advised to avoid Cang Limited and to trade with a regulated broker instead.

Pros & Cons

Pros Cons
• Availability of MetaTrader5 • Unauthorized NFA license
• Unavailable website
• Lack of transparency
• Limited industry experience
• Single contact way (email)
• A report of withdrawal difficulty

Cang Limited Alternative Brokers

There are many alternative brokers to Cang Limited depending on the specific needs and preferences of the trader. Some popular options include:

  • Hantec Markets: A regulated broker with a wide range of trading instruments.

  • Forex Club: A well-established broker with a good reputation.

  • Decode Global: A newer broker with a focus on social trading.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Cang Limited Safe or Scam?

Cang Limited is not a safe or regulated broker. Their United States National Futures Association (NFA, License No. 0549716) license is unauthorized, and there have been reports of users being unable to withdraw their funds. Additionally, their website is currently unavailable. These factors suggest that Cang Limited may be a scam.

NFA license

If you are considering trading with Cang Limited, I strongly advise you to avoid them. There are many other regulated and reputable brokers available, so there is no need to take the risk of using Cang Limited.

Here are some tips for avoiding scams:

  • Only trade with regulated brokers.

  • Do your research before opening an account.

  • Be wary of brokers that offer unrealistic returns.

  • Never give out your personal or financial information to a broker unless you are sure they are legitimate.

Trading Platforms

Cang Limited offers a single trading platform, MetaTrader 5 (MT5). MT5 is a popular platform that is used by traders all over the world. It is a powerful platform that offers a wide range of features, including:

  • Charts and technical analysis tools

  • Trading signals

  • Automated trading

  • Hedging

  • Margin trading

  • A variety of trading instruments

MT5 is a complex platform, so it may not be suitable for all traders. However, it is a powerful platform that offers a wide range of features.

Overall, Cang Limited's trading platforms are a mixed bag. They offer a powerful platform with a wide range of features, but they are also complex and there have been some reports of customer complaints.

See the trading platform comparison table below:

Broker Trading Platform
Cang Limited MetaTrader 5
Hantec Markets MetaTrader 4, cTrader
Forex Club MetaTrader 4, cTrader
Decode Global MetaTrader 5, cTrader

As you can see, all four brokers offer MetaTrader 4 and cTrader, which are two of the most popular trading platforms in the world. However, there are some differences in the platforms offered by each broker. For example, Cang Limited only offers MetaTrader 5, while Hantec Markets and Forex Club offer both MetaTrader 4 and cTrader. Decode Global also offers MetaTrader 5, but they also offer a proprietary trading platform called Decode Global Trader.

Ultimately, the best trading platform for you will depend on your individual needs and preferences.

User Exposure on WikiFX

On our website, you can see that a report of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

Cang Limited's customer service is limited to email: SERVICE@CANGVIPFX.COM. It is considered to be below average. The lack of phone support and the slow response times are major drawbacks. If you are considering trading with Cang Limited, you should be aware of the limitations of their customer service.

Conclusion

In conclusion, Cang Limited is not regulated by any major financial authorities, and there have been reports of users being unable to withdraw their funds. Additionally, the website for Cang Limited is currently unavailable. If you are considering trading with Cang Limited, I strongly advise you to avoid them. There are many other regulated and reputable brokers available, so there is no need to take the risk of using Cang Limited.

Frequently Asked Questions (FAQs)

Q 1: Is Cang Limited regulated?
A 1: No. Their United States National Futures Association (NFA, License No. 0549716) license is unauthorized.
Q 2: Does Cang Limited offer the industry leading MT4 & MT5?
A 2: Yes. It supports MT5.
Q 3: Is Cang Limited a good broker for beginners?
A 3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and lack of transparency.

User Reviews

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User comment

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Comments

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SaSali
more than one year
Yo, Cang Limited claims to roll with MetaTrader 5, so there's some potential firepower. But hold up, the NFA license they're flaunting is nothing but a sham. The website's MIA, and peeps are talking about struggles with fund withdrawals. Ain't nobody got time for that risk – better hit up a legit broker with the right licenses and a functioning site.
2023-12-11 18:46
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FX1558224953
more than one year
Cang Limited, you're on thin ice. Unauthorized NFA license, a website playing hide and seek, and reports of folks not getting their money back? Red flags all over. And just one contact option – email? That's like sending your message on a paper plane and hoping it reaches. No thanks. Regulated brokers with a solid track record are out there – steer clear of this one.
2023-12-08 18:20
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Cancx
more than one year
I've been trading with Cang Limited for a few months now, and I'm starting to think that they're a scam. I've never been able to withdraw my funds, and their customer service is terrible. I've tried to contact them several times, but they never respond. I'm starting to think that I've been scammed out of my money. I would strongly advise anyone who is considering trading with Cang Limited to stay away. They are a shady company, and they are not to be trusted.
2023-07-12 17:32
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Mingyu
more than one year
At the beginning, everything is good. They seemed like a legitimate broker, and they offered a great deal on their demo account. But after I deposited some real money, I quickly realized that something was wrong. The spreads were huge, and the execution was slow. And when I tried to withdraw my funds, they gave me all sorts of excuses. I'm convinced that Cang Limited is a scam, and I would never recommend them to anyone.
2023-07-12 17:31
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