1.20 /10


Hong Kong

1-2 years

Suspicious Regulatory License

MT4/5 White Label

Regional Brokers

High potential risk

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Quantity 9


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License Index 0.00
Business Index 4.61
Risk Management Index 0.00
Software Index 4.00
Regulatory Index 0.00
The WikiFX Score of this broker is reduced because of too many complaints!
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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



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Broker Information


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Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint


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Warning: Low score, please stay away! 2
Previous Detection : 2023-03-21
  • 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 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Unable to withdraw

Scam Alert

I attempted to invest a sizable sum of money through this broker. It was really successful in the first month, but after a few months, it becomes nearly hard to close a typical trade. It is very comparable to a casino. They have the ability to just tell you with an excuse after taking all of your money. till AssetsClaimback picked up my ease and assured restoration, customer service was unable to answer promptly this firm have defrauded a lot of people stay away from them

2022-10-26 03:03

shangquan should be avoided

Shangquan is that broker to be avoided at all cost because of the manner in which they operate and the bad part is they never allow withdrawals to happen. My trading account was funded from my crypto exchange and after receiving notification of deposit in my MT5, I started trading and grew my investment portfolio to a stage where I got satisfied to withdraw. the very strange part happened when I requested withdrawal and I was told that I have to reach a certain amount in trading balance before I could withdraw. this raised the first red flag and I emailed them why? they responded that it is the usual but my instincts told me otherwise which was why I researched into Shangquan existence as a broker and I found that they have scammed a lot of people . I feel bad to be a victim but I am glad to expose them. I have shown my deposits in the pictures below to their wallet address and as well validation from the relevant authorities that they are running a scam scheme which would be helpful.

2022-10-26 02:51

    User Reviews


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    more than one year
    The company should be providing a good and honest service to clients not tricking clients. Tried to withdraw for months and the customer service didn't respond to any of my emails.
    2022-12-14 15:35
    more than one year
    Never risk going to this scam web or moving to it. I was happy with trading at first because I was making money, but when it came time to cash out, I couldn't get any of it.
    2022-12-11 16:19
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    ※ The content of this website abides with local laws and regulations.
    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.
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    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;+44-7517747077
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