Risk Warning
The United States NFA regulatory (license number: 0548297) claimed by this broker is a suspicious clone, please be aware of the risk!
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.
Overview of CANG LIMITED
CANG LIMITED is a regulated company that offers a wide range of market instruments including forex, stock indices, energy, precious metals, commodities, and digital currencies. With a strong commitment to regulation, CANG LIMITED ensures a safe and transparent trading environment for its clients.
The company provides a demo account for traders to practice their strategies before engaging in live trading. With a maximum leverage option and competitive spreads starting from 0 pips, CANG LIMITED offers favorable trading conditions.
Traders can access the industry-leading MT5 trading platform on various devices such as PC, iOS, and Android. The company supports convenient and secure deposit and withdrawal methods including Visa, MasterCard, Maestro, Skrill, Neteller, WebMoney, Bank Transfers, Local Transfers, and LOAD. CANG LIMITED strives to provide professional, objective, and reliable services to its clients.
Here is the home page of this brokers official site:
Is CANG LIMITED Legit or a Scam？
CANG LIMITED is an organization that requires further scrutiny due to a suspected fake clone National Futures Association (NFA) license. As a result, its regulatory status on WikiFX is categorized as “Suspected Fake Clone.” It is crucial to exercise caution and conduct thorough research before engaging with CANG LIMITED to ensure the legitimacy of their operations.
Pros and Cons
CANG LIMITED has several advantages, including a diverse range of trading assets, demo accounts for practice trading, competitive spreads starting from 0 pips, and a wide selection of deposit and withdrawal options. They also offer flexible leverage options. However, there are some drawbacks to consider, such as the suspected Fake Clone NFA license, limited contact information without phone numbers, unavailable minimum deposit information, limited educational resources, and bonuses with challenging requirements. Traders should carefully evaluate these factors before engaging with CANG LIMITED to make informed decisions.
Negative Reviews
Some traders shared their terrible trading experience on the CANG LIMITED platform at WikiFX. They said this platform is a scam and they were unable to withdraw. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by
How to Open an Account？
Here are some simple steps to open an account with CANG LIMITED:
1. Visit the official website of CANG LIMITED.
2. Locate the “Open an Account” or “Register” button.
3. Fill out the registration form with accurate personal information.
4. Choose the type of account (live or demo) you want to open.
5. Review and accept the terms and conditions.
6. Submit the completed registration form.
After completing these steps, you will receive confirmation from CANG LIMITED regarding the status of your account opening. Make sure to provide any additional documents or information they may require to activate your account.
Market Instruments
CANG LIMITED is a renowned financial service provider that offers a wide array of trading assets within the global financial markets. Their extensive range of offerings includes forex, stock indices, energy products, precious metals, commodities, and digital currencies. By providing access to such diverse assets, CANG LIMITED enables traders to explore multiple opportunities and effectively diversify their investment portfolios. The company aims to cater to the unique trading requirements of individuals across various market sectors, ensuring they have access to a comprehensive selection of financial instruments. With CANG LIMITED, traders can confidently engage in a diverse range of trading activities to pursue their investment goals.
Account Types
CANG LIMITED provides both demo and real trading accounts for its clients. However, specific details regarding the minimum initial deposit requirement are not mentioned. It is recommended to visit the official website of CANG LIMITED or contact their customer support directly to inquire about the minimum deposit amount necessary to open an account with them. They will be able to provide you with accurate and up-to-date information regarding the minimum deposit requirements and any other account-related details.
Leverage
CANG LIMITED provides flexible leverage options ranging from 1:1 to 1:500. It is crucial to note that while leverage can amplify potential gains, it also amplifies the risks involved. Higher leverage increases the potential for both profits and losses. Traders should exercise caution and carefully assess their risk tolerance before utilizing leverage. It is advisable to employ risk management strategies, such as setting stop-loss orders and maintaining a diversified portfolio, to mitigate the potential impact of leverage on deposited capital. It is essential to understand the risks associated with leverage and make informed trading decisions accordingly.
Spreads
CANG LIMITED proudly advertises competitive spreads starting from as low as 0 pips. Low spreads are advantageous for traders as they minimize the cost of executing trades and enhance the potential profitability of their strategies. However, it is important to note that spreads can vary depending on market conditions, liquidity, and the specific trading instrument. Traders should stay updated with the latest market information and consult CANG LIMITED's official website or customer support for the most accurate and up-to-date spread details. By leveraging the advantage of low spreads, traders can optimize their trading performance and potentially improve their overall trading results.
Trading Platform Available
CANG LIMITED offers traders the convenience of trading on multiple platforms, including MT5 for PC, iOS, and Android. While the choice of platform ultimately depends on the individual trader's preferences, it is worth noting that many traders highly regard the MetaTrader (MT4 and MT5) platforms for forex trading. These platforms are widely recognized for their stability, reliability, and popularity within the forex trading community.
MetaTrader5 platform provide a comprehensive set of features and tools that cater to the needs of both beginner and advanced traders. These include the ability to use Expert Advisors (EAs) for automated trading, algorithmic trading capabilities, advanced charting with complex indicators, and strategy testers for back testing trading strategies. Moreover, the MetaTrader marketplace offers a vast selection of trading apps, with over 10,000 options, allowing traders to enhance their trading performance by utilizing additional tools and indicators.
Deposit & Withdrawal
CANG LIMITED supports a wide range of deposit and withdrawal methods, as indicated by the logos displayed on their official website's footer. These options include Visa, MasterCard, Maestro, Skrill, Neteller, WebMoney, Bank Transfers, Local Transfers, and LOAD. These diverse payment methods offer convenience and flexibility for clients when depositing funds into their trading accounts or withdrawing their profits. Traders can choose the method that best suits their preferences and needs, ensuring a seamless and secure transaction process. CANG LIMITED aims to provide a user-friendly and accessible trading experience by accommodating various deposit and withdrawal options for their clients.
Bonuses
While CANG LIMITED may advertise the availability of bonuses, it is crucial for traders to approach them with caution. It is important to note that bonuses are not considered client funds but rather company funds. Often, bonuses come with significant requirements and conditions that can be challenging to fulfill. Traders should be aware that regulated and legitimate brokers typically do not offer bonuses to their clients.
It is advisable to thoroughly review the terms and conditions associated with any bonus offers and carefully consider the implications before accepting them. Traders should prioritize the security and transparency of their trading activities and focus on the overall reliability and reputation of the broker.
Customer Support
CANG LIMITED is located at Chase Business Centre, 39-41 Chase Side, London, United Kingdom, N14 5BP. However, it does not provide direct contact information such as telephone numbers, which is commonly offered by most brokers. Traders are advised to explore alternative communication channels like contact forms, live chat, or email when contacting the broker. It is crucial to conduct thorough research and consider factors like regulation, transparency, and customer support before engaging with any brokerage firm.
Conclusion
In conclusion, CANG LIMITED offers a diverse range of trading assets and provides demo accounts for practice trading. They boast competitive spreads and a wide selection of deposit and withdrawal options, along with flexible leverage options. However, it is important to be cautious due to the suspected Fake Clone NFA license and the limited contact information without phone numbers. Additionally, the lack of available information regarding the minimum deposit requirement, limited educational resources, and bonuses with challenging requirements are factors to consider. Traders should carefully assess these advantages and disadvantages before making decisions regarding CANG LIMITED.
FAQs
Q: What types of trading assets does CANG LIMITED offer？
A: CANG LIMITED provides a wide variety of financial instruments for trading, including forex, stock indices, energy products, precious metals, commodities, and digital currencies.
Q: Are there any bonuses available for traders at CANG LIMITED？
A: Yes, CANG LIMITED offers bonuses to traders.
Q: Can I open a demo account with CANG LIMITED？
A: CANG LIMITED provides demo accounts for traders to practice their strategies and familiarize themselves with the trading platform before engaging in live trading.
Q: What are the available deposit and withdrawal methods at CANG LIMITED？
A: CANG LIMITED supports a wide range of deposit and withdrawal methods, including Visa, MasterCard, Maestro, Skrill, Neteller, WebMoney, Bank Transfers, Local Transfers, and LOAD.
Q: Is CANG LIMITED regulated？
A: CANG LIMITED's regulatory status is questionable, as they have a suspected Fake Clone NFA license.
2023-12-11 17:54
2023-12-08 16:52
