Global Broker Regulation Inquiry App
About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The WikiFX Score of this broker is reduced because of too many complaints!

Azure Lion Securities

Hong Kong Hong Kong | 20+ years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

http://algroup.com.hk/

Website

Rating Index

Contact

+852 3102 8598
http://algroup.com.hk/
Room 910A, 9/F, Tsim Sha Tsui Centre, 66 Mody Road, TST, KLN, Hong Kong
The WikiFX Score of this broker is reduced because of too many complaints!
Forex License
Others 2
risk

No forex trading license found. Please be aware of the risks.

Company Profile 4
20+ years
Questionable Regulatory License
Suspicious Operational Region
High Potential Risk
Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
5

Basic Information

Registered Region
Hong Kong
Operating Period
20+ years
Company Name
Azure Lion International
Abbreviation
Azure Lion Securities
Employees
--
Email
cs@algroup.com.hk
Contact Number
+85231028598
Company Website
Address
Room 910A, 9/F, Tsim Sha Tsui Centre, 66 Mody Road, TST, KLN, Hong Kong
LanQ88666

LanQ88666

Unverified

Hong Kong

My surname is Sun,operating a small company and living a moderately prosperous life.I like investing some stocks in my daily life.In July,I entered in a group(Prime exchange circle,Liehu circle and Mantanghong circle),in which teacher Liehu and Mantanghong taught stocks everyday.Sometimes they chatted with us,talking about how to make profits by investing stocks.I felt that the teacher was professional since the recommended stock was on rise.Then he recommended us Zhongrong to take us to profit and asked assistant Da Peng to open accounts for us.Seeing so many members profiting by trading London Gold and Silver and American crude oil,I deposited 100000 RMB to follow the teacher,profiting in the next days.On one day in July,the teacher asked us to add fund since there was a cocking market.Thus,I added fund to 200000 RMB and only tens thousand yuan was left.I felt something abnormal which I was reluctant to believe subconsciously.Additionally,whenever I made a loss,the salesman and order-recommendation teacher of the platform would talk nonsenses and urge me to add fund gain more profits than losses.I added 320000 RMB in total.After making a loss of 200000 yuan,my remaining 90000 was in the status of closed position.I have realized that I have been cheated and wanted to make a withdrawal,while the analyst intended to my adding fund to $100000.

Exposure

人定胜天59594

人定胜天59594

Unverified

Hong Kong

Now the recharge of this platform is normal, but customers are not allowed to withdraw funds. I hope that the relevant departments will investigate carefully!

Exposure

FX1707304613

FX1707304613

Unverified

Hong Kong

You can trade in Zhongrong via Mini Program of WeChat. My application for withdrawal was refused on April 14, 2021. And at about 15:30, my account was frozen for no reason. The customer service didn’t reply to me, either.

Exposure

Rey

Rey

Unverified

Philippines

if somebody is signal provider in Zhongrong,go away as soon as possible,simple because you will never take your own fees,I was cheated with 1500 usd and all that after I kept all their rules,absolutely all of them,stay away,some greek guy tried to explain some bull**** like-don’t worry,your next payment will be ok…bla bla,but couldn’t say why I didn’t get my own money?!in fact they cheated me Just want to warn everybody who’s wasting his/her time with Zhongrong,they are just cheaters,STAY AWAY!!!

Exposure

薇11六1四3零2七1

薇11六1四3零2七1

Unverified

Hong Kong

I met a self-proclaimed stock buddy by chance in a stock group.Later was pulled to an exchange group, the group has a teacher to recommend stocks stock analysis of the current stock market!Beginning teacher to recommend a few stock, I make a little bit, then the teacher said is bad to do, now or in the international money, do together in harmony international this platform, can make money, I have no contact with this, but also made the teacher took me to fry, teacher promise I can make money even I agreed to a few times a week, the teacher just drives me to open account soon.At the urging of my teacher, I considered opening an account on zhongrong international platform in one night and put over half of my savings into the fund.But follow the guidance of the teacher to do several single, let my account appear a huge loss, and then said let me rest assured, take me in double back.But it kept losing money.We lost $290,000 in one week, and the remaining 50,000 won't be sold for any reason.

Exposure

5
Verified Site
Relationship Map
About Us
News
Wiki Q&A
Comment

Users who viewed Azure Lion Securities also viewed..

TMGM

TMGM

8.55
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
TMGM
TMGM
Score
8.55
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
XM

XM

9.10
Score
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
XM
XM
Score
9.10
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
vantage

vantage

8.70
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
vantage
vantage
Score
8.70
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
EC markets

EC markets

9.24
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
EC markets
EC markets
Score
9.24
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website

Verified Site

  • Hong Kong algroup.com.hk
    123.1.194.217
  • Hong Kong zrgjgroup.com.hk
    123.1.194.92

Relationship Map

vip Subscribe in the App to unlock!
Download App
vipvip
Azure Lion Securities

Company Profile

Company Profile

Review summary

ZhongrongReview Summary
Founded2014-10-14
Registered Country/RegionHong Kong
RegulationRegulated
Trading instrumentsHong Kong securities/Local futures/Foreign futures/Securities advice/Futures/Asset management services
Trading PlatformYisheng Polestar trading system
Customer SupportTEL: (852)3908 3033
FAX: (852)2723 1154
EMAIL:cs@zrgjgroup.com.hk

Zhongrong Information

Registered in Hong Kong, Zhongrong International provides diversified investment products, including Hong Kong securities, local futures, foreign futures, securities advice, futures, and asset management services with the real and simulated version of the Yisheng Polestar trading system. China's State Administration of Foreign Exchange stipulates that the annual exchange quota for Chinese residents is (or is equivalent to) US$50000.

Zhongrong Information

Is Zhongrong Legit?

Zhongrong is authorized and regulated by the Securities and Futures Commission of Hong Kong(SFC) under license No.AAW438, making it safer than regulated brokers.

Is Zhongrong Legit?
Is Zhongrong Legit?

Zhongrong Fees

Commission: 0.25% of each transaction value for stock services (minimum fee HK$100). Zhongrong accepts checks, transfers, and wire transfers deposited into designated bank accounts.

Negative Zhongrong Reviews on WikiFX

According to a report on WikiFX, few users encountered significant difficulties with fund withdrawals. The issue remained unresolved despite the request being pending for a long time.

You may visit: https://www.wikifx.com/en/comments/detail/202109211552308472.html https://www.wikifx.com/en/comments/detail/202104156052975853.html https://www.wikifx.com/en/comments/detail/202101227222920761.html.

Negative Zhongrong Reviews on WikiFX

Company Profile

  • 20+ years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

News

CHINA BEST Broker Review: Regulation and Risks

Exposure CHINA BEST Broker Review: Regulation and Risks

CHINA BEST review of regulation, license, and broker operations in Hong Kong. Analysis of SFC oversight, client safety, and risk alerts.

Wiki Q&A

Is Azure Lion Securities safe and reliable?

Based on its regulatory profile and operational history, Azure Lion Securities presents significant safety concerns. According to WikiFX data, the broker holds a very low WikiFX score of 1.64, reflecting severe operational and compliance issues. While its parent company, Azure Lion International, is registered in Hong Kong and holds SFC licenses for securities trading and asset management through affiliated entities, these licenses do not cover its retail forex and CFD trading activities. The broker operates under a 'Suspicious Scope of Business' and lacks any valid, authoritative regulation specifically for forex trading, which means client funds are not protected by standard safeguards like segregation. User complaints frequently cite issues with withdrawals and misleading guidance. Therefore, engaging with this broker involves a high level of risk.

Two days ago
United States

Is Azure Lion Securities regulated?

Azure Lion Securities is not effectively regulated for its retail forex and CFD business. WikiFX assessment indicates its parent company, Azure Lion International, holds an SFC Securities Trading License (BFG513) and an SFC Asset Management License (BGX952). However, these licenses are held by separate affiliated companies (Azure Lion International Securities Company Limited and Azure Lion International Asset Management Company Limited) and are not directly applicable to the broker's core online trading offerings. Crucially, there is no evidence of a license from the SFC or any other major regulator that authorizes Azure Lion Securities to offer leveraged forex trading to retail clients. This constitutes a critical regulatory gap.

Two days ago
United States

What is the minimum deposit of Azure Lion Securities?

Specific minimum deposit requirements for Azure Lion Securities are not publicly disclosed in the available data. Typically, brokers provide this information clearly on their website or account opening pages. The absence of transparently published account terms, coupled with the broker's high-risk profile, suggests prospective clients should exercise extreme caution and seek full clarification on all financial requirements, including deposit minimums and any hidden fees, before considering any engagement.

Two days ago
United States

Does Azure Lion Securities support MT4 or MT5?

Information regarding the trading platforms supported by Azure Lion Securities, such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), is not specified in the current data. A broker's choice of platform is a key factor for traders, affecting execution speed, available tools, and automated trading capabilities. The lack of clear platform information further complicates the evaluation of its trading environment. Traders are advised to verify this directly with the broker while considering the overall high-risk context indicated by its WikiFX score and regulatory status.

Two days ago
United States
View More

User Comments5

All (5) Exposure (5)
No more
Post a Review
Exposure
Exposure
Neutral
Neutral
Positive
Positive

Share your experience

Required...

Submit Now
Write a Review
5
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome Extension

Global Forex Broker Regulation Query

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com