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tianfubao

Hong Kong|5-10 years|
Regulated in Hong Kong|Type B License|Suspicious Scope of Business|Medium potential risk|

http://www.tfbpme.com/

Website

Rating Index

Contact

852-27762099,4001-201-126
http://www.tfbpme.com/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

Chinese (Simplified)

852-27762099,4001-201-126

Broker Information

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Company Name

天富宝贵金属

Company Abbreviation

tianfubao

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts
Previous Detection : 2024-03-29
  • The current information shows that this broker does not have a trading software. Please be aware!

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Pyramid scheme complaint
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Scam

Exposure on tianfubao scam

In May,2017,a beauty named Chen Xin added me,saying that we had talked before.Actually,it was a pitfall.After taking for while,she said that the stock market was not optimistic and she had shifted to the trade of London Gold.She asked me to open an account and sent a card of “ tianfubao account opening ” to me,telling me to add her to help me open an account.I was induced to trade London Gold .Later,a person named Lao Zhao pulled me into a group and a live-broadcasting room named “Hua Shan Lun Jian”,in which many fraudsters claimed as experienced shareholders.With the excuse of returning to the society,he took us to trade.After while,we saw his trading software accidentally,which was a virtual market.Gao fei,Shan cheng,Gui gu,Jia Xin,etc. Induced investors to add position,which led to our account liquidated.The price trend was inconsistent with the international price,with invalid stop-loss price.Many of my orders was closed at 1219 while the price I set was 1221.Chen Xin kept me holding position.After our account became liquidated,we were removed off the group.Later, I figured out that my fund was transferred into a domestic company named Zhifu Electronic Payment Co., Ltd. instead of tianfubao .It acquired investors’ trust by the bite of stock trading,defrauding on clients by cooperating with Zhifu Electronic Payment Co., Ltd. and third party payment company! It developed “ tianfubao gold ” and “ tianfubao silver” to trade illegally to defraud investors.The code of London Gold was declined to review.According to CGSE,the trading product of tianfubao was not gold,while its staff claimed it was future gold.Asked to show the future licence,it changed its saying into currency gold,according to price of New York future gold. tianfubao shall be deemed to be suspected of engaging in futures business without authorization in accordance with relevant regulations. It is also a violation of the fact that Zhifu Electronic Payment Co., Ltd. and Guofubao Co., Ltd. have not reviewed Hong Kong Tianfu Valuable Metal Co., Ltd. if they have the qualification to operate gold. Report it now! I hope relevant departments can check it out as soon as possible to help me recover the loss.

NAHUIYI
2018-10-24 05:06

tianfubao · Company Summary

Note: Regrettably, the official website of tianfubao, namely http://www.tfbpme.com/, is currently experiencing functionality issues.

tianfubao Review Summary
Founded 5-10 years
Registered Country/Region Hong Kong
Regulation CGSE
Market Instruments London gold/silver electronic trading, 99 gold, HK dollar kilobar, and RMB kilobar, casting, and other gold trading business
Leverage 1:100
EUR/ USD Spread 0.4 pips
Trading Platforms MT5
Minimum Deposit $100
Customer Support Phone: 852-27762099, 4001-201-126

What is tianfubao?

Tianfubao Precious Metals Limited is a Hong Kong-based company. Tianfubao holds 999.9 gold caster certificate recognized by the CGSE. They offer a standard gold account denominated in USD, requiring a minimum deposit and provide the MetaTrader 5 trading platform to their clients.

tianfubao

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • Regulated by CGSE
  • Inaccessible website
  • MT5 supported
  • Limited communication channels
  • No social media presence

Pros of Tianfubao:

- Regulated by the Chinese Gold and Silver Exchange Society (CGSE): Being regulated by a recognized authority can provide a certain level of assurance and accountability.

- MT5 support: The platform's support of MetaTrader 5, a popular trading platform, can offer a range of advanced trading tools and features.

Cons of Tianfubao:

- Inaccessible website: The fact that the official website is currently inaccessible raises concerns about the reliability and stability of the trading platform.

- Limited communication channels: The availability of limited communication channels may hinder effective customer support and assistance.

- No social media presence: The absence of a social media presence can make it challenging to gather information or interact with the platform and its community.

Is tianfubao Safe or Scam?

There are doubts about the validity of tianfubao's claim that it is regulated by the Chinese Gold and Silver Exchange Society, which is the only exchange in Hong Kong that trades physical gold and silver.

However, That tianfubao's official website is currently inaccessible raises concerns about the reliability of their trading platform. These factors increase the level of risk associated with investing in tianfubao.

If you are considering investing with tianfubao, it is crucial to conduct a detailed investigation and carefully weigh the potential risks against the possible rewards before making any final decisions. In general, it is recommended to select brokers which are properly regulated in order to ensure the safety of your funds.

regulated by CGSE

Market Instruments

Tianfubao provides a diverse range of trading instruments that cover various asset classes.

- London Gold/Silver Electronic Trading: Tianfubao allows users to trade London gold and silver electronically. This instrument enables traders to speculate on the price movements of these precious metals without physically owning them.

- 99 Gold: 99 gold refers to trading in gold that is at least 99% pure. Tianfubao offers the opportunity to trade this high-quality form of gold, allowing users to benefit from price fluctuations.

- HK Dollar Kilobar: Kilobar refers to gold bars weighing one kilogram. Tianfubao facilitates trading in HK Dollar Kilobars, providing users with exposure to the Hong Kong dollar-denominated gold market.

- RMB Kilobar: Similar to HK Dollar Kilobar, RMB Kilobar trading allows users to trade gold bars denominated in Chinese Renminbi (RMB). This instrument enables investors to participate in the Chinese gold market.

- Casting and Other Gold Trading Business: Tianfubao also offers trading in various other gold-related businesses, including casting. This involves activities related to gold casting, refining, or other aspects of the gold industry.

Accounts & Leverage

Tianfubao Precious Metals offers a standard gold account that requires a minimum deposit of $100 and is denominated in USD.

Regular clients have access to leverage up to 1:50, while professional clients can enjoy leverage of up to 1:100. Furthermore, Tianfubao Precious Metals can tailor the solution for each investor, ensuring that if the deposit currency is not USD, the displayed amount will be converted from USD to the respective deposit currency.

Spreads & Commissions

Tianfubao offers competitive spreads starting from as low as 0.4 pips. A spread is the difference between the buying and selling price of a financial instrument, such as gold in this case. A lower spread implies a smaller difference between these prices, which is generally favorable for traders as it reduces their transaction costs.

However, without access to the website, it is not possible to provide specific information about the commission structure offered by Tianfubao.

Trading Platform

Tianfubao provides the MetaTrader 5 (MT5) trading platform for its clients. MT5 is a popular and highly regarded platform used by traders worldwide. It is known for its comprehensive set of features and advanced functionalities, making it suitable for both beginner and experienced traders.

The MT5 platform offers a user-friendly interface that is easy to navigate, allowing clients to access various financial markets, including precious metals like gold. Traders can monitor real-time price quotes, analyze charts, and execute trades directly from the platform. The platform also provides a wide range of technical analysis tools, indicators, and charting options, enabling traders to make informed decisions based on market trends and patterns.

MT5

User Exposure on WikiFX

Our website provides reports of fraudulent activities and advises traders to thoroughly evaluate the information available and assess the risks before trading on an unregulated platform. Prior to engaging in any transactions, users are encouraged to check our platform for relevant information. If you have encountered scam brokers or have fallen victim to such activities, we kindly request that you inform us through the Exposure section. We greatly appreciate your cooperation, and our team of experts will make every effort to address and resolve the issue for you.

User Exposure on WikiFX

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: 852-27762099, 4001-201-126

Conclusion

In conclusion, Tianfubao Precious Metals Limited is a Hong Kong-based company that specializes in various gold-related services. They are regulated by CGSE and hold the necessary licenses and certifications.

However, there have been suspicions and reports of scams associated with Tianfubao, raising concerns about the authenticity of their regulatory claims. It is important for individuals to approach the company with caution and conduct thorough due diligence before engaging in any financial transactions.

Frequently Asked Questions (FAQs)

Q 1: Is tianfubao regulated?
A 1: Yes. It is regulated by CGSE.
Q 2: How can I contact the customer support team at tianfubao?
A 2: You can contact via phone, 852-27762099, 4001-201-126.
Q 3: Does tianfubao offer the industry leading MT4 & MT5?
A 3: Yes. It offers MT5.
Q 4: What is the minimum deposit for tianfubao?
A 4: The minimum initial deposit to open an account is $100.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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