I was blocked by KINGSFINTECH
In this February, I knew KINGSFINTECH on friend’s recommendation. The account manager, without notifying me, leveled the leverage into 200 times, that is, about 5000 RMB could place a lot future, with 300 HK dollar. After that, I realized that the leverage of its future was 10 times, with margin 200 thousand yuan and handling fee 10 HK dollar. KINGSFINTECH claimed that it owns the New Zealand license, with offices in New Zealand and Hong Kong, China. At present, many teams use its brand to set up channels for investing in international futures. As a result, these investors' funds haven’t flowed into the formal Hong Kong market. Base in investigation, I found that the software service provider is the trust steward (also known as New Explorer). The agent could charge the commission randomly. For example, the commission could go up from 80 to 500 yuan per lot. With Liu’s lobbying, became interested in future and got registered to be his one-on-one client. At first, there was a little profit. But on March 10, he asked me to but long on WeChat suddenly, without notifying me the rule of rollover, causing liquidation at 2:50, 10th. My position was shut at 24663 and 24664. My cost was above 26000, thus, 180 thousand was gone instantly. He admitted that onus was on him and agreed to compensate me. During 11st to 13rd, he told me to trade DJI to recover losses. So, I bought 8 tickets. Unexpectedly, liquidation occurred again on 13. Those losses were my father’s hard-earned savings and loan I borrowed. I may borrow another 4 million to go through the circuit. I have no idea but to sell the 8 tickets of DJI.
New Zealand
