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The WikiFX Score of this broker is reduced because of too many complaints!

Cang Limited

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.cang-fx.com/en

Website

Rating Index

Contact

info@cang-fx.com
https://www.cang-fx.com/en
The WikiFX Score of this broker is reduced because of too many complaints!

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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Broker Information

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Company Name

DUSAS MARKET LTD.

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 : 2024-04-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 17 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Pyramid scheme complaint
Expose
Unable to Withdraw

They are a big fraud

They are indeed a scam. It looked so real and i wanted to believe them so bad, but please don't put your money here. I had lost over $52,000 to this firm which they had and wouldn't return save the report made out to fintrack/org which set in motion the chain of actions that saw my investment returned ,Earlier on the account manager kept giving excuses for why the money couldn't be returned and stopped responding. I guess he hoped i will just go away

2022-07-08 16:21
Unable to Withdraw

Close call

Do not try to trade with them , Why because if you lose you are more than welcome, but if you win more than few hundred dollars your account will be Blocked and won't get your profit. The same thing happened with me, I did register with them, I started with $30000, I managed to make a profit a bit over $80000, after that I request a withdraw of $40000. After my withdraw request they asked me to "provide a high-resolution photo of myself (selfie) holding your ID document with a current date, Cang ltd and your signature on a sheet of paper." Of course I did that and they approved it, The following day I found my account Blocked, and i never received the approved withdrawal, after I contacted them They refuse to unlocked my account and pay my profit and did not explain anything to me application form to Assetsclaimback aid . And now I'm informing all of you to not get scam from Cang ltd, i refuse to lose my money to them i seek aid.

2022-08-03 06:08
Unable to Withdraw

Cang is a fraud

I won't stand by and let these individuals defraud any more people after it all began on facebook i met a girl that played with my feelings that recommended me into investing with Cang ltd i agreed to abd they accepted my investment of $96,000 USDT, but they insisted that they never received it. It wasn't until the AssetsClaimBack recovery expert intervened to put a stop on this scam and return on my investment. exercise caution Cang is only after running away with investors money.

2022-08-19 17:02
Scam

On July 17, the broker's deposit and withdrawal page could not be opened. There were more than 6 million yuan in the account, and the contact person could not be found.

In May, there was a person on Weibo called "Chunfengshiliburuni" who recommended Hongfei's lecture, and because the digital currency market was not good at that time, more than 1,000 people in the live broadcast room were taken to gold foreign exchange trading, and it was recommended to register for trading at that time. Trader account to deposit USDT online. The trader’s registration website is: https://trader.cangcfd.com/. After registration, I transferred 50,000 USDT to this trader’s account from the original digital currency trading platform, Biying and Sesame.com. Hongfei and Chungang Shili are not as good as you. You can induce a fund with an investment amount of 10 million yuan and can distribute dividends every year. To increase the basic capital, and buy 200,000 USDT through remittance and transfer it to the account of the dealer Cang Limited, with a total of 2 million yuan before and after Hongfei. The order in the live room and the order in the CC chat software for 3 days in the afternoon have been inducing the students in the live room to increase their investment. Until the afternoon of July 17, the MT5 account login was invalid, and the trader https://trader.cangcfd.com/ could not be opened, Hong Feihe Spring Breeze is as good as you can't contact me. The total amount of my account is 6 million yuan, and there is a gold long order that is not flat. I still can't log in. The password is due to my limited computer skills, and the broker's website cannot be opened. I don't know how Find the password, please help! thank you all!

2022-07-21 06:07

    Cang Limited · Company Summary

    CangLimited

    General Information

    Registered in the United Kingdom, Cang Limited presents itself as an online forex broker offering diversified range of trading instruments through the leading MT5 trading platform, with leverage up to 1:400.

    Is Cang Limited safe to trade with?

    Cang Limited seems to be a trading name of a company called DUSAS MARKET LTD.

    When it comes to regulation, it has been verified that Cang Limited is not authorized or regulated by any regulatory authorities. Thats why its regulatory status on WikiFX is marked as “No License” and It receives a pretty low score of 1.10/10.

    Bear in mind that trading with an unregulated forex broker is a surefire way to lose your money. Please be aware of the risk.

    image.png

    Market Instruments

    Tradable instruments available on the Cang Limited is not that risk in comparison to many other platforms. With Cang Limited, four classes of trading assets are provided:

    • Foreign Exchange

    • Index

    • Noble Metals

    • Crude Oil

    Account Types

    As for accounts, it appears that two types of trading accounts are available: Standard and ECN accounts. The minimum deposit to open a Standard account is as high as $1,000, which is too much for regular traders to afford.

    We assume that, this broker may want to extract investors money at the very first and then disappear.

    Leverage

    With Cang Limited, the maximum leverage that clients can use is up to 1:400, which is considered high and risky. To protect retail traders, many regulatory authorities put some restrictions on leverage, the leverage for major forex trading capped at 1:30, in Europe and Australia, 1:50 in Canada, and U.S.

    Since leverage can amplify gains as well as losses, it is important for traders to choose the proper amount that they feel most at ease.

    Spreads & Commissions

    Typically, spreads and commissions are determined by trading accounts. The Standard account offers a commission-free trading environment, with spreads from 0.9 pips. The ECN account offers raw spreads, as low as 0.0 pips, with a certain commission charged.

    Spreads

    Trading Platform

    Cang Limited offers its clients access to the leading MT5 trading platform, which can be accessed through iPhone, Android, and PC versions. MT5 is among the most popular trading platforms around the world, proving access to essential tools and resources needed.

    Platform

    Customer Support

    In terms of customer support, Cang Limited can be contact only through email by traders with inquiries or trading-related issues. The “FAQ” section is also offered to solve your basic problems.

    Telephone: +852 560 48855

    Email: info@cang-fx.com

    Registered Office Address: RM12, 19/F, Ho King Comm Ctr, 2-16 Fayuen St, Mongkok, Kowloon,Hong Kong

    Risk Warning

    Forex trading and online leveraged trading contains high risks and may not suitable for all investors. Before deciding to enter into any forex and CFD trading, you should carefully consider your objectives, financial status, trading goals and experience level.

    Please note the information contained in this article is for general information purposes only.

    User Reviews

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    Comments

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    阿科
    more than one year
    Using Cang Limited is a complete waste of time. I could have lost all my money. I thought they were a good company that I can trust. Everything was going well until I requested a withdrawal.
    2022-12-19 14:39
    Reply
    0
    0
    aka回本之路
    more than one year
    Please actively provide clues and catch the liar as soon as possible
    2022-10-15 13:23
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