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HUA SENG HENG

Thailand|5-10 years|
High potential risk|

https://www.huasengheng.com/

Website

Rating Index

Influence

Influence

A

Influence index NO.1

Thailand 8.85

Surpassed 93.13% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+66 02 112 2222
online965@huasengheng.com
https://www.huasengheng.com/
401 – 407 มุมถนนแปลงนาม ถนนเยาวราช แขวง/เขตสัมพันธวงศ์ กรุงเทพฯ 10100

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

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Contact number

Thai

+66 02 112 2222

Broker Information

More

Company Name

HUA SENG HENG CO.,LTD

Company Abbreviation

HUA SENG HENG

Platform registered country and region

Thailand

Company website
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Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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HUA SENG HENG · Company Summary

Key Information Details
Company Name Hua Seng Heng
Years of Establishment 2-5
Headquarters Thailand
Office Locations Bangkok, Phuket, Chiang Mai, Hat Yai
Regulation Unregulated
Tradable Assets Gold
Account Types Standard, VIP
Minimum Deposit THB 10,000
Leverage Up to 1:200
Deposit/Withdrawal Methods Bank Transfer, Credit Card, Debit Card
Trading Platforms MT4
Customer Support Options Phone, Email
Educational Content Gold Trading Education

Overview of Hua Seng Heng

Hua Seng Heng, founded 2-5 years ago, operates as a Thai gold trading company headquartered in Bangkok, Thailand. The company is exclusively dedicated to gold trading, offering services encompassing gold buying and selling, gold storage, and gold investment products. Hua Seng Heng extends its services to standard and VIP account holders, with leverage options of up to 1:100 for standard and up to 1:200 for VIP accounts.

The firm facilitates deposits and withdrawals through methods such as bank transfers, credit cards, and debit cards, without imposing any associated fees. Employing the MT4 trading platform, Hua Seng Heng ensures efficient operations. For customer support, clients can reach out via phone and email, with assistance available around the clock in both Thai and English languages. The company additionally offers gold trading education and maintains an online presence through its website and various social media platforms.

basic-info

Regulation

Hua Seng Heng operates without any regulatory oversight, positioning itself as an unregulated broker in the financial landscape. This absence of regulatory authority entails that the company is not subject to the monitoring, guidelines, and compliance requirements typically enforced by financial regulatory bodies. Consequently, the broker does not adhere to any prescribed codes of conduct, legal frameworks, or investor protection mechanisms that regulated entities typically uphold. This unregulated status places the onus of due diligence, risk assessment, and decision-making solely on the traders and investors engaging with the company's services.

Pros and Cons

Hua Seng Heng offers a focused platform for gold trading, catering to individuals seeking a singular asset trading experience. The broker presents two distinct account types, namely Standard and VIP, each with varying minimum deposit requirements and leverage ratios of up to 1:100 and 1:200, respectively. This selection accommodates traders with different risk appetites and investment capabilities. The company also provides multiple deposit and withdrawal options, including bank transfers, credit cards, and debit cards, allowing clients to manage their financial transactions with ease.

Operating without regulatory oversight, Hua Seng Heng assumes an unregulated status that might concern traders seeking a regulated environment for their investments. This absence of oversight means the company is not accountable to any financial regulatory authority, potentially leaving traders with limited avenues for recourse in case of disputes or issues. Furthermore, the broker solely focuses on gold trading, excluding other popular trading assets like forex, stocks, and cryptocurrencies. This limited offering could deter traders looking for a more diversified investment portfolio.

Pros Cons
Gold Trading Unregulated
Account Types Limited Assets
Flexible Deposits No Regulation
Leverage Options

Ambiguous Website

Hua Seng Heng's website, unfortunately, is solely available in the Thai language, which could pose challenges for an international clientele seeking information and engagement. With the website's exclusivity to Thai, non-Thai speakers might encounter difficulties navigating the platform, understanding the offered services, and accessing crucial details.

This language barrier may impede potential clients' ability to make informed decisions and fully comprehend the terms and conditions associated with the company's offerings. The absence of multi-language support on the website limits its accessibility and inclusivity, potentially deterring international traders who prefer conducting business in languages other than Thai.

Market Instruments

Hua Seng Heng exclusively focuses solely on gold trading. Operating with just one market instrument, such as gold trading in the case of Hua Seng Heng, comes with inherent limitations and drawbacks.

Market Instruments

Firstly, the lack of diversification restricts traders' opportunities for spreading risk across multiple asset classes, potentially exposing them to higher volatility and reduced portfolio stability. Secondly, the absence of alternative investment options narrows the scope for capitalizing on emerging market trends or sector-specific opportunities.

Additionally, a single market instrument may not cater to the preferences or strategies of a wider range of traders who seek diverse trading options. Lastly, traders may find their strategies hampered by the absence of other asset classes that can potentially offset losses or enhance profitability, leading to an imbalanced and less flexible trading experience.

The following table compares Hua Seng Heng to competing brokerages in terms of available market instruments:

Broker Market Instruments
Hua Seng Heng Gold Trading
OctaFX Forex, Indices, Commodities, Metals, Cryptocurrencies
FXCC Forex, Indices, Metals, Energies
Tickmill Forex, Indices, Commodities, Bonds, Cryptocurrencies
FxPro Forex, Shares, Indices, Energies, Metals

Account Types

Hua Seng Heng offers a Standard Account, as well as a VIP Account. Specifics are as follows:

Standard Account: Hua Seng Heng provides a Standard Account option, requiring a minimum deposit of THB 10,000. This account type offers traders access to a leverage ratio of up to 1:100.

VIP Account: Additionally, Hua Seng Heng offers a VIP Account tailored for more substantial investments, necessitating a minimum deposit of THB 100,000. This account type provides a higher leverage ratio of up to 1:200.

The following table outlines the differences between Hua Seng Heng's Standard and VIP account types:

Account Type Minimum Deposit Leverage Ratio
Standard THB 10,000 Up to 1:100
VIP THB 100,000 Up to 1:200

How to open an account?

  1. The first step is to navigate to the “Login to Save Gold” button located on the home page.

    1. open an account
  2. Once on the login page, navigate to the bottom to find the hyperlink to the account register page labeled “Register”.

    1. open an account
  3. Then, as the next page prompts, prepare the following application documents.

    1. Copy of ID card

    2. Copy of the front page of a bank account book

    3. Documents required for opening an account (link provided on the page)

    4. open an account
  4. Next, the user needs to apply at either a physical location or through mail.

    1. open an account
  5. After applying, the first installment (minimum deposit) needs to be transfered in order for the account creation process to be completed.

    1. open an account

Minimum Deposit

Hua Seng Heng implements distinct minimum deposit rates for its account types. The Standard Account mandates a minimum deposit of THB 10,000, while the VIP Account necessitates a more substantial THB 100,000 minimum deposit. This tiered approach accommodates traders with varying investment capabilities, offering options suitable for both moderate and higher levels of capital commitment.

Leverage

Hua Seng Heng extends distinct leverage ratios based on the chosen account type. The Standard Account provides traders with leverage of up to 1:100, while the VIP Account affords a higher leverage option of up to 1:200. This differential approach allows traders to select an account type that aligns with their risk tolerance and investment objectives.

Deposit & Withdrawal

Hua Seng Heng facilitates various deposit and withdrawal methods to accommodate clients' financial preferences. The company accepts bank transfers, credit cards, and debit cards as means for funding accounts and withdrawing funds. Notably, Hua Seng Heng does not impose fees on deposits or withdrawals. The availability of multiple options provides clients with flexibility in managing their financial transactions on the platform.

A lack of deposit and withdrawal options like e-wallets can pose notable disadvantages for traders. With limited methods available, clients might encounter obstacles when trying to fund or withdraw funds from their accounts, potentially hindering their ability to manage transactions efficiently. The lack of variety in payment options restricts clients' flexibility and convenience, potentially deterring potential traders who prioritize seamless financial interactions.

Trading Platforms

Hua Seng Heng exclusively employs the MetaTrader 4 (MT4) trading platform for its operations. Known for its user-friendly interface and extensive analytical tools, MT4 caters to traders seeking efficient execution and analysis tools for their gold trading activities.

 Trading Platforms

The following table compares the trading platforms offered by Hua Seng Heng and other brokerage firms:

Broker Trading Platforms
Hua Seng Heng MetaTrader 4 (MT4)
OctaFX MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader
FXCC MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Tickmill MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader
FxPro MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader

Customer Support

Hua Seng Heng offers two customer support options for clients, including phone support and email support, allowing traders to reach out for assistance as needed.

Phone Support: Hua Seng Heng offers customer support accessible via phone at +66 02 112 2222, allowing clients to directly communicate and seek assistance promptly.

Email Support: The company also provides email support at online965@huasengheng.com as a channel for clients to communicate their queries or concerns and receive responses within a reasonable timeframe.

Customer Support

Educational Content

Hua Seng Heng enriches its offerings with educational content in the form of YouTube videos, accessible via their channel: https://www.youtube.com/user/hshfutures1. These videos provide traders with valuable insights and knowledge related to gold trading strategies, market trends, and other relevant topics.

The advantages of providing educational YouTube videos are threefold. Firstly, these videos offer traders a convenient and visual means to learn about the intricacies of gold trading, catering to various learning preferences. Secondly, access to such educational resources demonstrates the broker's commitment to enhancing traders' understanding and potentially contributing to their trading success. Lastly, YouTube's accessibility ensures that traders can watch and learn at their own pace, contributing to a self-directed learning approach that suits their schedules and needs.

Educational Content

Conclusion

Hua Seng Heng, established within the past 2-5 years, carves a niche by specializing solely in gold trading. This targeted approach caters to individuals seeking a straightforward entry into the precious metals market. However, a substantial and concerning aspect is the company's unregulated status, which raises significant apprehensions. The lack of regulatory oversight implies potential risks for traders, as it lacks external mechanisms for accountability and safeguards.

Additionally, the accessibility barrier posed by the website being available only in Thai further restricts the broker's reach, hindering potential global clientele from fully engaging with their services. While the broker does offer account variety, leverages, and customer support options, the absence of regulatory supervision and the language barrier remain noteworthy considerations for traders contemplating involvement with Hua Seng Heng.

FAQs

Q: What is Hua Seng Heng's primary focus?

A: The company specializes solely in gold trading.

Q: What are the account options available at Hua Seng Heng?

A: Clients can choose between a Standard Account and a VIP Account.

Q: Does Hua Seng Heng provide regulated services?

A: No, the company operates without regulatory oversight.

Q: How can clients get in touch with customer support?

A: Hua Seng Heng offers 24/7 phone and email support.

Q: What trading platform does Hua Seng Heng utilize?

A: The broker employs the MetaTrader 4 (MT4) platform.

Q: What language is the Hua Seng Heng website available in?

A: The website is exclusively available in Thai.

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张建
more than one year
HUA SENG HENG is a great place to trade and store your bling! My friends in Thailand put me onto this platform and the prices are fair and the service is top-notch. I've just started buying and storing some gold and jewelry with them and I'm pretty happy with how it's all going so far. Honestly, I will give it four stars at least.
2023-03-27 10:29
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