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+852 2545 1800
The platform collaborated with other companies to cheat investors, running away with money. Now it's unable to withdraw money.
Zhuohua, Perry Finance, and Perry Capital worked together to act as a broker, pretending to be a deck for asset management, and unable to withdraw money
Chancellor Precious Metals used the reason that Perry Financial was under investigation by the police to prohibit investors from submitting their own principal, saying that the principal was in Chancellor's Perry comprehensive account, and only Perry authorized them to have authority.
Zhuo Hua and Perry colluded with each other to provide a platform for many fraudsters, and cooperated with each other. They could not give money, get angry, and play the role of old brokers. They played the role of capital fraud, and acted as the legal cloak. They cooperated with Malaysian National Capital, Dianhao Capital tmd, and msr Perry Capital to cheat the people in Chinese Mainland. a thousand deaths will not atone for one 's crime.
Deposit to ZH MT5 account, but cannot withdraw. Cannot even log in. Delete data from personal account. This platform is so rip-off
Now I can’t withdraw the funds. On July 10, they issued an announcement saying that the follow-up of the withdrawal would be arranged on the 21st. Until now, I can’t log in to the customer center.
The customer service of Zhuohua Precious Metal Co., Ltd. is not responding now, and my phone number has been blacked out. Please be careful with the Zhuohua Precious Metal Co., Ltd. platform. To promote established securities firms is to seize our mentality and deceive investors, and stay away from them.
Chancellor Precious Metals, through Parry Capital (the so-called institutions) teamed up to attract mainland investors. I started depositing in USDT from December 11, 2022. There is a Chancellor Precious Metals receipt certificate for the deposit, and the total deposit is nearly 130,000 USDT. In March 2023, Chancellor Precious Metals stopped trading and has not returned my investment funds, and the customer service has not explained in detail. Chancellor Precious Metals, return investment funds ASAP.
It's so hateful. Chancellor Precious Metals Co., Ltd. has no bottom line. Chancellor and Perry cheated members in mainland China together
Zhuohua Precious Metals Co., Ltd. has no bottom line and no conscience. Everyone must stay away from this platform. It is too inhuman. Now that something happened, the member's background is also closed, and the responsibility is passed on to Perry. It is too shameless
Zhuohua has no humanity, no bottom line, and ruined the investor's family. It has been more than two months now, and we have not been able to withdraw funds for a long time. It is too wicked. Everyone must remember this company. It is really a rascal, shameful, financial fraud, It's really harmful. I request for withdrawal.
Chancellor Precious Metals and MSR defrauded customers and misappropriated customer funds without withdrawing. They modify the background data, close the settlement channel, harm investors, and refuse to pay out money. The current address is the entrance to the official website of Chancellor Precious Metals. On March 15, MSR changed the deposit address. I went to MSR to find a theory. MSR kept delaying, saying that their executives had been arrested. So can you embezzle client funds? On September 18, MSR shut down the network and ran away, always saying that it would negotiate to withdraw. It’s a scam platform, everyone, keep your eyes peeled. Not allowing withdrawals, they are extremely shameless.
Zhuohua does not allow users to withdraw, maliciously seizes users' principal. Junk platform, and many people in mainland China are currently victimized
hongkong Chancellor Precious Metals didn’t the company close all the withdrawal channels of all members in mainland china today, and they are not allowed to withdraw funds, and now they can’t even log in. also known as the 064 member of the hong kong gold and silver trade association
Zhuohua Precious Metals Co., Ltd., these leaders of Zhuohua publicize the safety of funds and deceive members in mainland China. Now they don’t give us money. Zhuohua is really not a human being. They also advertise that the funds are clerks of the gold and silver industry trade fair. It’s all fake. Please be careful Stay away, beware of being deceived
The following letter is sent to your company to state the following: Since mid-March 2023, we learned that Perry Capital, which is associated with your company, has been investigated by the mainland police, and the relevant personnel and Perry's Malaysian executives have been detained under investigation, and to date, the case has not been concluded. After the incident, you sent a letter to your mainland Chinese investors informing them to stop trading on Blanchard MT5. We are calm and collected in the face of this unexpected incident, and we understand and cooperate with your company's temporary handling. At the same time, we also received a letter from Perry's official back office informing investors of the return of their principal payments, but we have not seen the implementation of this payment commitment since 4.25. In this regard, we urgently contacted your official customer service and requested an immediate and safe refund of the investors' principal, while all the investors contacted your official customer service separately by phone and submitted their personal MT5-related information to the company's email address one after another, requesting a refund. However, to date, we still have not seen any positive and objective reply from your company. In view of the current situation: a statement as follows 1 our investment money is through the company's deposit address to the Blanchard back office MT5 account, open your official website MT5 personal member page, our deposit time, deposit amount, submit the withdrawal and other information elements are clearly visible, for security reasons, we have a complete backup of the MT5 account, personal details have been saved. The fact that we are a one-to-one relationship between the investor and the recipient of the investment has established the fact that the investor and your company are the exact attributes of the relationship between the two parties. All investor payments are on your back office personal account and are clearly traceable. 3 What we have determined is that Perry was merely using your deposit address to engage in and complete the financing of our investors' principal. The company acted as an intermediary. Just as a bank lender and a needy borrower complete a successful match at an intermediary, the bank and the individual then form an independent civil legal act of rights and obligations, and the intermediary no longer acts as a check on both parties. Therefore, your company has a completely independent legal obligation to bear all the responsibilities to the investors, let alone any reason, any excuse to shirk this responsibility. 4 You mentioned Perry, it is certain beyond doubt that we are not aware of this company. We have never, and will never, credit any of our investment funds to any of the management companies, which is a necessary step to ensure the safety of our investors' funds. Moreover, we have never received a deposit from another address in Perry as you mentioned. It has been proven that we, the investors, have not had any material dealings with the so-called Perry. This is because we did not transfer funds to any separate account of Perry. 5 Your customer service said: "The withdrawal of funds will also be transferred from Blanchworth to Perry and then paid to the investor", as investors have never known and fully understood the detailed definition of the agreement on withdrawal of funds in the terms of cooperation between your company and Perry, especially at this time of extraordinary circumstances, we as customers of Blanchworth's investment and financial management, our urgent concern is the principal It is our urgent concern that the principal must be returned to the investors intact and safe, how to deal with it and how to solve it, which are all matters within the scope of your company's responsibility. 2 Our request and your responsibility 1 Perry is currently under investigation by the Chinese police and the case is still pending. 2 Be alert to the fact that the two Malay senior officials of Perry are on bail and have absconded from the country, thus causing a change in the transfer of investors' funds in Perry's account. 3 Perry's regulatory license was changed on April 28, 2023. Please check as soon as possible and make a risk assessment in the interest of the investors and take a decisive and foolproof action. In view of the above and other risks that may not be possible, we would like to remind you and request you not to transfer any funds to Perry at this time. A mainland Chinese investors and Hong Kong Chancellor Precious Metals Limited is the relationship between the investor and the recipient of investment, between us is a de facto legal relationship between A and B, and has nothing to do with Perry Capital, the principal must come in and out of there (the original trading profit transfer path here no comment) B we do not want to see is that in view of the current or any future still may arise B We do not want to see that your company should be held legally responsible for any loss of investor's principal due to any current or possible future reasons! 5 In view of the current situation, your company as a regulated and has been enjoying a good reputation in the industry of financial derivatives Chou Hua precious metals company regardless of any situation, the interests of investors, the safety of funds must be put in the first place, this responsibility is more important than Mount Tai, expect your company everything, from the safety of investors' funds in mainland China, take responsibility for, to prevent risks, review the situation, rapid response, proactive response, all parties to coordinate, measures to be taken. We hope that your company will take responsibility for the safety of investors' funds in mainland China, take responsibility for risk prevention, assess the situation, respond quickly, take the initiative, coordinate with all parties, take precise measures, and finally turn the danger into a success, so that investors can get back their capital safely and completely as soon as possible. As all investors, will still and will continue to be happy to see, and witness your strong strength in the industry, good reputation brilliant performance, cooperation is not a matter of the moment, the crisis to see the true feelings, through the present, the future can be expected! The above letter is hereby informed, Note: This piece is sent to the official customer service mailbox of Hong Kong Chou Hua Precious Metals Co! All investment customers of Hong Kong Chou Hua Precious Metals in mainland China 2023.5.2
|Registered Country/Region||Hong Kong|
|Maximum Leverage||Product Price x Contract Size/ Margin Required=Leverage Ratio|
|Commission||US$50 per lot (for reference only)|
|Trading Platform||MT4 trading platform|
|Trading Assets||Loco London Gold, Loco London Silver, and RMB kilo gold bar|
|Payment Methods||Not specified|
|Customer Support||Phone & Email Support|
Chancellor Precious Metals was formally registered and established in the Hong Kong Special Administrative Region of the People's Republic of China in 2008. In the same year, it successfully applied to become a member of the Chinese Gold and Silver Exchange Society (Member No. 064, with an “AA” operations status). In 2009, the company was accredited by the CGSE as the 3rd Electronic Loco London Gold and Silver Liquidity Provider, and in 2011, the company became the first Liquidity Provider for electronic traded Renminbi Kilo Gold bar. Chancellor Precious Metals ceased its services as Liquidity Provider for electronic traded Loco London Gold and Silver as well as Renminbi Gold Kilo Bar from September 2018.
Payment Methods：The trading accounts of Chancellor Precious Metals support deposits and withdrawals in both US dollars and digital currencies.
Educational Resources: Chancellor Precious Metals offers educational tools and resources like market analysis, to help traders enhance their knowledge and skills.
Limited Range of Trading Products: Chancellor Precious Metals may have a limited selection of trading products compared to other brokers, which may restrict traders' options for diversification.
Lack of Regulation Information: The platform's regulatory status may not be clearly stated or easily accessible, which can raise concerns regarding transparency and investor protection.
Deposit and Withdrawal Methods: The available deposit and withdrawal methods offered by Chancellor Precious Metals may be limited, which could inconvenience some traders.
Customer Support: The quality and responsiveness of customer support services provided by Chancellor Precious Metals may vary, potentially leading to delays or difficulties in resolving inquiries or issues.
Limited Research and Analysis Tools: Chancellor Precious Metals may have fewer advanced research and analysis tools compared to other brokers, which may limit the ability of traders to conduct in-depth market analysis.
Please note that the specific advantages and disadvantages may vary, and it is important to conduct thorough research and due diligence before engaging with any trading platform.
Here is the summary of the advantages and disadvantages of Chancellor Precious Metals in table format:
|1. Payment Methods||1. Limited Range of Trading Products|
|2. Educational Resources||2. Lack of Regulation Information|
|3. Deposit and Withdrawal Methods|
|4. Customer Support|
|5. Limited Research and Analysis Tools|
Chancellor Precious Metals' main business includes Loco London Gold, Loco London Silver, and RMB kilo gold bar. The minimum trading size of London gold is 0.1 lots, and the maximum trading volume is 30 lots. The minimum single trading size of London Silver is 0.1 lots, and the single maximum trading size is 10 lots. The minimum single trading size of the RMB kilo gold bar is one lot, and the single maximum trading size is 10 lots.
The leverage calculation formula: Product price plus contract divide trading margin equals leverage (depends on real-time gold prices).
There is no minimum deposit amount for opening a real account, and the customer can proceed with the trading by depositing sufficient funds at any time after receiving the trading account data.
The account opening process for Chancellor Precious Metals typically involves the following 3-5 steps:
Registration: Visit the official website of Chancellor Precious Metals and fill out the required personal information, such as name, email address, and contact number, on the registration page. Once you submit the registration form, you will receive a confirmation email.
2. Identity Verification: As per the requirements of the broker, you will need to provide valid identification documents, such as a passport or ID card copy, to verify your identity and comply with regulatory standards.
3. Application Form Completion: Fill out the relevant account opening application form, including personal details, investment experience, financial status, and any other required information. Ensure that you provide accurate information and follow the instructions provided.
4. Review and Approval: After submitting the application, the broker will review and evaluate your application. They may contact you for further information or documentation if needed. Once your application is approved, you will receive confirmation of your account approval.
5. Fund Deposit: Upon receiving the account approval, you can choose a suitable deposit method to fund your trading account. According to Chancellor Precious Metals' policies, you may have options such as bank transfer, credit card payment, or other designated deposit methods.
Please note that the above account opening process is provided as a general guideline. The actual account opening process may vary based on the broker's policies and requirements. It is recommended to directly contact Chancellor Precious Metals or visit their official website for accurate and up-to-date information on the account opening process and any specific guidelines.
The loco London gold trading quotation spread is 0.05 US dollars, the London silver 0.04 US dollars, and the RMB kilogram gold bar trading quotation spread is 0.2 yuan. The open trade commission for loco London gold is US$50 per lot, and no fees are charged for close trade commission. The open trade commission for loco London silver is US$50 per lot, and there is no fee charged for close trade commission. The open trade commission for the RMB kilogram gold bar is RMB 100 per lot, and there is no close trade commission. Regarding the swap of Loco London Gold & Silver, Clients pay US$12/day (Swap Rate may be revised from time to time without prior notice, please refer to the trading system) for Long(Buy), and Clients pay US$2/day for Short(Sell). The overnight position will be charged with Swap Rate on a daily basis except on Fridays, whereby 3 days' Swap Rate will be charged. Clients pay RMB 16.50/day for Long (Buy), and Clients pay RMB 8.50/day for Short (Sell). The overnight position will be charged with Swap Rate on a daily basis except on Fridays, whereby 3 days' Swap Rate will be charged.
For long (BUY), clients pays US$12 per day (swap rate may be revised from time to time without prior notice, please refer the trading system). For short, clients pays US$2 per day (swap rate may be revised from time to time without prior notice, please refer to the trading system). Overnight position will be charged with swap rate on daily basis except on Fridays whereby 2 days' swap rate will be charged.
Loco London Gold&Loco London Silver's swap rate
|Swap Rate||Long (BUY)∶||Client pays US$12/day (Swap Rate may be revised from time to time without prior notice, please refer to the trading system).|
|Short (SELL)∶||Client pays US$2/day (Swap Rate may be revised from time to time without prior notice, please refer to the trading system).|
|Swap Charge∶||Overnight position will be charged with Swap Rate on daily basis except on Fridays whereby 3 days' Swap Rate will be charged.|
Renminbi Kilo Gold Bar's swap rate
|Swap Rate||Long (BUY)∶||Client pays RMB 16.50/day (Swap Rate may be revised from time to time without prior notice, please refer to the trading system).|
|Short (SELL)∶||Client pays RMB 8.50/day (Swap Rate may be revised from time to time without prior notice, please refer to the trading system).|
|Swap Charge∶||Overnight position will be charged with Swap Rate on daily basis except on Fridays whereby 3 days' Swap Rate will be charged..|
Chancellor Precious Metals provides a user-friendly and technologically advanced trading platform for its clients. The trading platform offers a range of features and functionalities designed to enhance the trading experience. Here are some key aspects of the Chancellor Precious Metals trading platform:
User-Friendly Interface: The platform has an intuitive interface that is easy to navigate, making it suitable for both beginner and experienced traders. Users can access various trading tools and features conveniently.
Real-Time Market Data: The platform provides real-time market data, including live prices, charts, and news updates. Traders can stay informed about market movements and make timely trading decisions.
Order Execution: Chancellor Precious Metals' trading platform offers efficient order execution with low latency. Traders can place market orders, limit orders, and stop orders to manage their positions effectively.
Charting and Analysis Tools: The platform includes advanced charting tools and technical analysis indicators. Traders can analyze price trends, identify patterns, and make informed trading decisions based on their analysis.
Risk Management Features: The platform provides risk management tools, including stop-loss orders and take-profit orders. Traders can set predefined levels to automatically exit positions, helping to manage potential losses and secure profits.
It's important to note that specific features and functionalities may vary depending on the version of the trading platform and the type of account. Traders can access the Chancellor Precious Metals trading platform through their official website or by downloading the platform onto their devices.
Chancellor Precious Metals does not accept any cash deposit. Clients must deposit their funds by transfer/remittance to this company's designated bank account (all deposit/transfer/remittance through any third party must have the consent of our company and provide relevant deposit verification). Online payment is now the most convenient payment method. Clients holding Mainland issued bank cards and/or debit cards with online payment function activated can make use of the payment gateway to transfer funds to their trading account. A handling charge, equivalent to 3% of the amount deposited, will be charged by the internet payment gateway provider towards clients' deposits made through their payment gateway and tentatively absorbed by Chancellor. Upon receiving clients' request for withdrawal, this handling charge may be waived on the condition that the client has fulfilled the requirement for trading volume achieved. The requirement for trading volume achieved is one liquidated standard contract for every US$1,000.00 deposited via the internet payment gateway. For example, if the deposit made is US$10,000.00, then the required trading volume achieved would be 10 liquidated standard contracts. If the requirement for trading volume is not achieved when the client makes a withdrawal request, Chancellor may deduct the original handling charge from the amount withdrawn before making payment to the client. For clients submitting funds withdrawal requests for a small sum (less than US$50.00), the company may impose a handling charge of US$5.
Chancellor Precious Metals offers customer support to its clients through various channels, including email, phone, and live chat. The customer support team is available 24/5 and can assist clients with any questions or issues they may have regarding their trading accounts, trading platforms, or other services offered by the broker.
Clients can contact the customer support team via email, and they can expect to receive a response within 24 hours.
In addition to the above channels, Chancellor Precious has an extensive FAQ section on its website that covers a wide range of topics related to trading, margin deposit/withdrawal and open account. Clients can access the FAQ section by clicking on the “Contact Us” tab on the broker's website.
Clients with any inquiries or trading-related issues can get in touch with Chancellor Precious Metals through the following contact channels:
Telephone: +852 2545 1800
Registered Company Address: Room 601, Tins Enterprises Centre, 777 Lai Chi Kok Road, Cheung Sha Wan, Kowloon
Chancellor Precious Metals understands the importance of education and offers a range of educational resources to assist traders in enhancing their knowledge and skills. The company provides the following educational and training materials:
Trading Guides: Chancellor Precious Metals offers comprehensive trading guides that cover various topics related to trading strategies, technical analysis, risk management, and market insights. These guides are designed to provide traders with valuable information and guidance.
Economic Calendar and Market Analysis: The company provides an economic calendar and regular market analysis to keep traders updated on important economic events, market trends, and potential trading opportunities. This information helps traders make informed trading decisions.
These educational resources are designed to empower traders with the knowledge and skills needed to make informed trading decisions.
Q: Is Chancellor Precious Metals a regulated broker？
A: Yes, Chancellor Precious Metals is authorized and regulated by the Chinese Gold and Silver Exchange Society (CGSE) under regulatory license number 064.
Q: What is the minimum deposit required to open an account with Chancellor Precious Metals？
A: The minimum deposit required to open an account with Chancellor Precious Metals is $200 .
Q: What trading instruments does Chancellor Precious Metals have on offer？
A: Chancellor Precious Metals mainly provides Loco London Gold, Loco London Silver, and RMB kilo gold bar.
Q: What payment methods does Chancellor Precious Metalsaccept？
A: Chancellor Precious Metals accepts various payment methods, including bank wire transfer, credit/debit cards, and e-wallets, for deposits and withdrawals.
Q: Does Chancellor Precious Metals offer educational resources for traders？
A: Yes, Chancellor Precious Metals provides educational resources for traders, including trading guides and other educational materials to help traders enhance their knowledge and skills in the financial markets.
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