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Use the company manager to deceive the customer into depositing money, then lose contact, have no address, send the company email without reply, fail to log in to the real account, and suspect to modify the customer information. Fraud platform
General Information & Regulation
Ronghui Group Co., Ltd presents itself as an independent broker registered in the United Kingdom that claims to serves individual and institutional customers with various tradable financial instruments with leverage up to 400:1 and variable spreads from 0.0 pips on the MT5 for iPhone, Android and PC trading platforms, as well as 24/7 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that Ronghui Group Co., Ltd does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.06/10. Please be aware of the risk.
Ronghui Group Co., Ltd advertises that it offers access to a wide range of trading instruments in financial markets, including more than 50 forex currency pairs, indices, CFDs, precious metals like gold and silver, crude oil and other commodities.
Ronghui Group Co., Ltd claims to offer many different types of accounts,including Standard account and VIP account. From the information on the spreads, we found the broker seems to offer the original account, too. However, it says nothing about the minimum initial deposit requirement to open an account.
The leverage provided by Ronghui Group Co., Ltd is capped at 400:1. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Ronghui Group Co., Ltd claims that different account types and trading assets have quite different spreads. Just take the benchmark EUR/USD spread as an example, the spread on the standard account is as low as 0.9 points, while the original account clients can enjoy raw spreads from 0.0 pips.
Trading Platform Available
Platforms available for trading at Ronghui Group Co., Ltd are MT5 for iPhone, Android and PC. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Ronghui Group Co., Ltd‘s customer support can be only reached by email: Admin@ronghuiforex.com. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.
Online trading involves a significant level of 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 contained in this article is for general information purposes only.
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