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Hong Kong1-2 years
Suspicious Regulatory License
MT4/5 White Label
High potential risk
|Risk Management Index||0.00|
No valid regulatory information, please be aware of the risk!
Platform registered country and region
Pyramid scheme complaint
Shangquan plaform can't login again and the platform is off now in MT5. i never can't withdraw. i lost my initial capital around 165903$(US). My final benefit is 1368154$(US). They asked me to deposit 15% of all funds. Now the company is gone. i lost my everything
They had my investment stuck in the account for over a month they were stubborn about releasing it which changed with my picture proof, we use to have daily phone and email contacts until i asked to take out some of my investment in which case they gradually stopped responding to me i don't understand how a broker can be so heartless
This a scam company which is a joke in terms of regulations, and will take your money, they did that with me after which I was unable to withdraw Companies like this will take your money and never get it back unless you seek professional assistance that is fintrack/ org rendered which was the only way I could get my money back The trading company were very nice first couple of months until I stopped injecting money into their platform
Fraud warning This fictitious company is the best in the world at what it does, which is scamming helpless people. After losing $89,000 to them, my old father notified the police and FCA, but nothing was done. SHANGQUAN employees are skilled talkers who convey a sense of reliability. Please do not trust them. They will take anything you have from your funds. We file a grievance with assetsclaimback advisory, which triple-checked my dad investment. They stopped communicating with me after that, they think they were intelligent but not as bright as the advisory, which caused the con artists to flee engaging with SHANGQUAN is like a waste of time and money.
I requested a withdrawal since may and they assured me I would get it within 2 weeks. I figured no problem since i was not in a hurry i waited for months but nothing still i stoped getting a response from them with made me take action against them by filling for a refund with Tassettrace^org.
This is one platform to be avoided at all cost, the broker steals money from my account and ask me to make a new subscription to get the old investment back, imagine my disappointment when i realised it was a lie withdrawal comes outside of Shangquan The broker only said that to get me to invest. I had a terrible experience with this broker and they've made it difficult to talk about it
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
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.
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