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The WikiFX Score of this broker is reduced because of too many complaints!
Bohua technology
United Kingdom|2-5 years| Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|
http://www.bohua.cc/
Website
Rating Index
Contact
service@sunrayforex.com
http://www.bohua.cc/
Unit 12, Ravenswood Industrial Estate, Shernhall St, London E17 9HQ
The WikiFX Score of this broker is reduced because of too many complaints!
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
Bohua technology
Company Abbreviation
Bohua technology
Platform registered country and region
United Kingdom
Company website
Pyramid scheme complaint
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Warning: Low score, please stay away!
4
Previous Detection :
2024-04-19
- 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 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
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Exposure
7 pieces of exposure in total Pyramid scheme complaint
Expose Unable to Withdraw
Try too much for withdrawal
Can't withdraw money .. balance shown but can't withdraw money
2022-07-09 01:12
Resolved
Scam and unable to withdraw
Traded ETH on this platform for three weeks. You can withdraw coins at first but not after that. Doing activities let us deposit money, but when it comes to withdrawing money, we will pay a 5% handling fee. After paying, what kind of illegal bets will be paid for liquidated damages. It is a bureau that can only put coins and cannot withdraw.
2022-06-27 15:03
Unable to Withdraw
Can’t withdraw, fake trading and profit
They promoted to help you to double your money within one month, the Asian lady pretend to be nice and kept asking me to deposit more funds and refer more investors for commission sharing. When I wanted to make the withdrawal, the customer kept delaying the process and ended up making the fake transaction record to show me the funds has withdrawn from my account y successfully. Never trust and deposit to this Bohua, they are same team from Kraemfx Trading Co and Big uncle and many more FX broker
2022-06-20 02:35
Unable to Withdraw
Find various reasons to deny withdrawal
Participated in the platform's opening activity in early April. The customer service informed that there would be 1% interest on the principal every day during the opening activity, but did not clearly inform the completion time of the opening. After 1 month, 2% of the principal will be deducted every day. The answer is that 2% of the principal will be deducted as liquidated damages after the completion of the opening of the position, and the funds will be withdrawn until the opening of the position is completed. At the same time, I also asked the customer service if there will be any follow-up liquidated damages or withholding of other taxes after the completion of the opening of the position? The customer service replied that you can withdraw money immediately after completing the position opening without incurring any costs, so I accept the reason for deducting the liquidated damages. After all, I did not complete it in time, but when I want to complete the position opening later, the platform will deposit my money (200000TWD) I directly deducted the liquidated damages that I had to pay. In order to quickly release the deposit, I completed the deposit of the last 30,000 TWD. At this time, I asked the customer service for the deposit, but the customer service replied that I had breached the contract and completed the opening, so the company had to review it. It took 1 week for me to withdraw the money, and I waited for 1 week. I asked the customer service again to inform the withdrawal, but the customer service said that I had a fund that was suspected of money laundering, and I had to pay a deposit of 50% of the principal before I could withdraw. A sum of money is all deposited by me, and I can only go in but not out, and there is no transaction. How do I launder money? The platform tries its best to use the event to induce investors to deposit funds. After the event is completed, it refuses to handle the withdrawal business for various reasons. Please don't be fooled again. Attach the dialogue record with the customer service.
2022-07-19 00:43
Unable to Withdraw
Unable to withdraw
Keep asking me for transactions and tax payment. Cannot withdraw.
2022-07-19 23:42
Unable to Withdraw
Biggest scammer! Can’t withdraw your money out!
When I requested to withdraw money, they just ignored my request and after many attempts, they taken out money from my account but I never received the money. I googled their company location, the location is fake Unit 12, Ravenswood Industrial Estate, Shernhall St, London E17 9HQ, United Kingdom. It’s a junkyard! This is biggest scammer. They have a big team to keep asking people to make deposit and do fake trading in the account to pretend making profit.
2022-06-21 08:06
Bohua technology · Company Summary
| Registered Country | United Kingdom |
| Regulation | Unregulated |
| Incorporated Years | 1-2 Years |
| Company Name | Bohua Technology |
| Minimum Deposit | N/A |
| Minimum Spreads | From 0.0 pips on major pairs |
| Trading assets | Currency Pairs, Precious Metals |
| Trading Platform | MT5 Trading platform |
| Payment Methods | N/A |
| Customer support | Email: service@sunrayforex.com |
General Information
Registered in the United Kingdom, Bohua Technology is brokerage firm, offering an array of trading options in the global markets, including currency pairs, precious metals and more through the advanced MT5 trading platform. To give its clients a better trading experience, Bohua Technology offers 5x 24 full time customer support, up to 1:100 leverage as well as high credit bonus.
Market Instruments
Traders who invest with this broker will have access to the five major trading markets regardless of where they are. A bull of trading assets includes currency pairs, precious metals, indices, crude oils, crypto currencies and more. You can choose among these popular options based on your trading preference.
Leverage
The maximum trading leverage offered by Bohua Technology is up to 1:100. Some people may hold that this level is conservative, however, leverage can magnify gains as well as losses. It is essential that forex traders select the level of leverage that they feel most at ease with. Professional traders and scalpers prefer to use high leverage to increase their chance of profitability.
Spreads & Commissions
Bohua Technology says that it offers a low spread trading environment, with spread on major pairs as low as 0.0 pips. Spreads are used to compute all trading costs by traders now, so brokerages who offer competitive spreads are in significant client demands. No commission details are mentioned on this brokerage website.
Overnight Interest
Traders should consider overnight interest as an additional cost if you plan to hold your position overnight. With Bohua Technology, if you hold an EUR/USD position of one standard lot, your trading account will calculate the amount of overnight interest earned (or paid) per the overnight interest quotation of the day. For instance, the quotation of overnight interest for the buy and sell for the EUR/USD pair on the same day is -2.1/-3 which means: Buy 2.1 overnight interest on USD, Sell 3 overnight interest on USD.
Trading Platforms Available
Bohua Technology offers its clients to trade on the leading MT5 trading platform that can be accessed on any device. In addition to providing access to currency and stock market trading, MT5 also allows users to perform technical and fundamental analysis, and it is a fantastic choice for experienced traders thanks to its extensive set of indicators, several charting options, and numerous order types.
Deposit & withdrawal
Concerning deposit and withdrawal, Bohua Technology is vague on this part. Popular payment options supported by most brokerage firm include Wire Transfer, Credit/Debit Cards, as well as a series of e-wallet processors including Skrill, Neteller, PayPal and more.
Customer Support
Bohua Technology seems to offer dedicated and multilingual customer support, as traders who have any trading related issues can have quick access to their online chat service. And they can also be contacted through email: service@sunrayforex.com. Besides, Line is available for any problems.
Company Address: Unit 12, Ravenswood Industrial Estate, Shernhall St, London E17 9HQ.
Pros & Cons
| Pros | Cons |
| Generous leverage up to 1:100 | No Regulation |
| Allegedly competitive spreads | Inaccessible official website |
| MT5 trading platform supported | Poor customer support |
| No 24/7 customer service | |
| Fees not transparent |
Is Bohua technology regulated？
No, Bohua technology is not regulated.
What products does Bohua technology offer？
Bohua technology boasts that it provides a series of trading instruments include currency pairs, precious metals, crude oils, cryptocurrencies and more.
What is the maximum trading leverage offered by Bohua Technology？
The maximum trading leverage is up to 1:100.
User Reviews
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2
CommentsWrite a review
Helen6732
6-12months
This company is a big scam. My friend is just be cheated.
At the moment, they use this website under name of Global Market Index LTD (GMI).
https://global-market.biz/en/index1.htmlt
That is fake. GMI do not have any subsidiary like this.
In the part of awards, they use rewards of AXION TRADE.
After cheated my friend to register account, they allowed to withdraw the first 2 times, one time with more than 100 usd, 1 time with more than 3000usd.
After that, when the fund is bigger, they do not agree to withdraw anymore. They said it need to pay personal income tax under UK law because their company is incorporated in UK under name of BOHUA TECHNOLOGY LTD, Company number 13957866.
After my friend paid tax, they said it need to deposit 30% of fund for verifying real name.
All reasons let you unable to withdraw only. Please put this company in black list. BIG SCAMMER.
2023-07-24 15:31
李小乐Nicklaus
more than one year
Do not use credit or debit cards to send money to this broker. They are thieves. They take your card information and use it to buy other things. I found this more than once.
2022-12-20 10:38 7
