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RONGHUI

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://ronghuimarket.com/en/

Website

Rating Index

Contact

Admin@ronghuiforex.com
https://ronghuimarket.com/en/

Licenses

No valid regulatory information, please be aware of the risk!

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Broker Information

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Company Name

RONGHUI GROUP CO., LTD.

Company Abbreviation

RONGHUI

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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RONGHUI · Company Summary

basic-info

General Information

Registered in the United Kingdom, RONGHUI is an online forex broker offering a series of trading instruments, including currency pairs, commodities, index, precious metals.

basic-info

RONGHUI is not authorized or regulated by any regulatory authorities, please be aware of the risk.

Market Instruments

offers its clients access to four classes of trading instruments, including foreign Exchange, Precious Metals, Oil and Indices, all available through this brokerage platform.

Account Types

RONGHUI does not disclose what types of trading accounts it offers, neither the minimum investment amount is mentioned.

Leverage

When it comes to leverage, RONGHUI permits traders to use leverage of up to 1:400, which is significantly higher than the levels regarded appropriate by many regulators.

As leverage can also cause serious fund losses, it is important for inexperienced traders to choose the proper amount that they feel most at ease.

Spreads

Rong Hui hypes it offers extremely competitive spreads, as low as 0.0 pips.

Trading Platform

Rong Hui provides its clients access to the leading MT5 trading platform, one of the most popular trading platforms around the world, which can be accessed on any device, iPhone, Android, and PC. Some features and functionalities of the MT5 trading platform include user-friendly interface, high-customized multiple technical indicators, and robust charting tools, free EA hosting capabilities.

Customer Support

Traders can reach out to Rong Hui about any questions or concerns they may have about their accounts or their trading through the following methods:

Email: Admin@ronghuiforex.com

Other more direct contact channels, like phone support, Skype, Whatsapp, are not available.

Trading Hour

Winter Time: Monday 7 a.m.-Saturday 5.a. m. Summer time: Monday 6 a.m.-Saturday 4.a.m.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.

User Reviews

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User comment

12

Comments

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Maowei
more than one year
I lost 255K USD since working with Ronghui, which is a big scam. Remove Ronghui from your investment list.
2023-03-03 01:04
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0
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Maowei
more than one year
Never touch on Ronghui because it is a scam. You will lose every cent of your fund. Keep your money far far away from Ronghui. Keep in mind that a well regulated broker is your first choice, however Ronghui is cheating any investor.
2023-03-03 01:00
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0
0
Maowei
more than one year
Never work with Ronghui for investing on futures and foreign currency. Be alert when anybody in Facebook or other places tries to make friend with you about investment in Ronghui and set up a connection using LINE or WeChat. They are scammers working for Ronghui, so please please keep your money and yourself away from Ronghui. People in Ronghui cheated on me so that I lost 255K USD. A big lesson to be learned for anyone!
2023-03-02 19:11
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0
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Maowei
more than one year
Don't believe anything about this big scam. Ronghui is a scam and any profit you made is a fake money and cannot be withdrawn. The only thing that is true is your money and yourself. Keep your money far far away from Ronghui no matter you were told about Ronghui. Ronghui is a deception from beginning to end.
2023-03-02 18:58
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0
0
被骗007
more than one year
liaox purchased it through a person who works at HSBC in Hong Kong, saying that they are cooperating together. The contract customer expires in December and needs to be liquidated, otherwise the account will disappear.
2023-01-31 15:27
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0
0
被骗007
more than one year
liaox I always have to pay commissions before I can withdraw funds. I have already paid, and now it says that I have to pay taxes. Is it a black platform? Please tell me more than 10,000 US dollars to pay back my hard-earned money.
2023-01-31 15:18
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liaox豹
more than one year
007 How did you deposit in the first place? How much did you put in? ronghui said it was from Hong Kong, but I don’t know the specifics. There is no supervision here. If it is formal, there must be a supervision department. When I want to withdraw money, the manager of the other party said that I have to pay the commission before I can withdraw money. I feel that the credibility of this company platform is good. Is it a black platform
2023-01-31 01:48
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0
0
被骗007
more than one year
Is Ronghui in Hong Kong? Is it from HSBC? I also want to know that commissions and taxes are required to withdraw funds. If you can't pay, you will be blacklisted.
2023-01-28 18:47
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0
0
liaox豹
more than one year
Does the platform need to pay a commission? Does anyone know if the platform is true or not? Can anyone advise me? Thank you
2023-01-25 23:02
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liaox豹
more than one year
Is the platform saying that you need to pay a commission before you can withdraw funds? Is it a formal platform? His company says it is in Hong Kong, does anyone know the address of his company? Is this platform company a subsidiary of HSBC? Anyone who knows the situation of this platform, please say thank you! ! !
2023-01-25 22:51
Reply
3
0
AdaGu
more than one year
RONGHUI's website looks pretty basic... I see no regulatory information on wikifx. It could be a scam company. Be alert!!!
2022-12-13 11:13
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0
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