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Hey, 4 months have passed and hundreds of money have not yet arrived! ! !
I started to apply for withdrawal in February, and it has not been accepted until now in May. The result of repeated urging is that there is a problem with the company's capital chain, and the company just let us wait. I suspectthat it is running away. There are many more pictures, so I won't post them one by one.
The system forcibly closes the position, and the company withdraws funds without permission. The MT5 account was cancelled.
Withdrawal that made on April 7 has not arrived. The customer service says that it takes 5 working days. Keep delaying.
Cannot contact the staff. The customer cannot withdraw. I do not know what to do.
You can protect your funds by using AB account for hedging. They have pulled people offline, and now I can’t withdraw money. I heard that the boss Bu Fanhua also ran away to Myanmar. In April 2023, I was offered an installment contract with two years of repayment, and only paid the first month and then it was gone. His account was frozen by the judiciary.
It has exceeded the withdrawal period stipulated by the background, and the withdrawal cannot be made. The customer service evades and finds excuses, and the staff who opened the account cannot be contacted. Suspected of running away. No regulation, illegal operation.
The customer service keeps delaying and does not withdraw for a week. Many peopel cannot withdraw for more than a month.
Withdraw on Feb 23. The website shows it takes 5 working days. Today is March 9, but it still has not arrived.
I am an amateur trader and cannot pay attention to their company's situation all the time. In the beginning, I felt that their company had been in business for a long time and seemed to be reliable, so I didn't think about so many problems. The funds in my account have always been there. Occasionally trade; I found out at the beginning of this month that my account could no longer be traded, and even logging in repeatedly didn't work. There was still more than 500 US dollars in it, so I contacted someone from their previous company. I had been contacting her before, saying that the original account system could no longer be used. , I was given a new account a few days ago. How much money is there? I still didn’t realize the problem and kept trading with the new account. Just yesterday, I was wondering if the account and the backend were not connected properly. By then It was inconvenient to deposit and withdraw money, and then I wanted to make changes backstage, but found that I couldn't get into the deposit and withdrawal window in the backstage. When I asked, I found out that such a big thing had happened, and I had been kept in the dark. 84130200 is the original account, which seems to have been canceled without consent; 7660619 is the account given later, and can currently be used for normal transactions.
|FAN HUA GROUP||Basic Information|
|Company Name||FAN HUA GROUP|
|Tradable Assets||Forex, Precious Metals, Energy, Indices, Cryptos|
|Account Types||Single Account Type (FAN HUA GROUP Account)|
|Minimum Deposit||From $0|
|Spreads||Variable spreads with potential discounts|
|Deposit Methods||Not specified|
|Trading Platforms||MetaTrader 5 (MT5)|
|Customer Support||24/7 via email, live chat, and phone|
|Education Resources||Basic compliance and risk management materials|
Overview of FAN HUA GROUP
FAN HUA GROUP is an online trading provider that came into existence in 2021 and is headquartered in Vanuatu. While it offers a range of financial instruments, including forex, precious metals, energy, indices, and cryptocurrencies, it is important to note that FAN HUA GROUP operates without regulatory oversight from recognized financial authorities. This regulatory gap raises concerns about the level of protection and accountability offered to traders and investors.
One of the notable features of FAN HUA GROUP is its high maximum leverage of up to 1:500, which surpasses the leverage options provided by many other brokers. This can potentially amplify profits but also significantly increases the risk of substantial losses, especially for less experienced traders. The absence of regulatory oversight underscores the importance of traders exercising caution and conducting thorough research before engaging with FAN HUA GROUP. While it offers diverse trading opportunities and flexible account options, the lack of regulatory authorization means that traders should approach this platform with a keen awareness of the associated risks.
Is FAN HUA GROUP Legit？
FAN HUA GROUP is not regulated by any recognized financial regulatory authority. In Australia, its ASIC license number 001285215 has an abnormal regulatory status, with the official regulatory status being revoked. Similarly, in the United States, its NFA license number 0539306 also has an abnormal regulatory status, with the official regulatory status being unauthorized. Traders and investors should exercise caution and be aware of the associated risks when dealing with unregulated entities like FAN HUA GROUP, as there may be limited regulatory oversight and protections in place.
Pros and Cons
FAN HUA GROUP offers a range of advantages, including a diverse set of trading instruments, no minimum deposit requirement, high maximum leverage, and commission-free trading. Traders can benefit from potential spread discounts, making it appealing for cost-effective trading. However, it's crucial to be aware of the absence of regulation, which can pose risks, and the limited educational resources provided by the broker. Additionally, the high leverage offered may expose traders to significant risk, so it's essential to approach it with caution.
|Diverse Trading Instruments||Lack of Regulation|
|No Minimum Deposit||Limited Transparency|
|High Maximum Leverage||High Leverage Risk|
|Commission-Free Trading||Limited Educational Resources|
|Potential Spread Discounts|
FAN HUA GROUP offers a range of trading instruments across different asset classes, allowing traders to diversify their portfolios and explore various markets.
1. Forex: Traders can access major, minor, and exotic currency pairs for foreign exchange trading.
2. Precious Metals: Trading opportunities are available for precious metals like gold and silver.
3. Energy: The broker offers trading in commodities such as crude oil and natural gas.
4. Indices: Traders can speculate on the performance of stock markets or specific sectors using stock indices.
5. Cryptocurrencies: FAN HUA GROUP allows trading in popular cryptocurrencies like Bitcoin and Ethereum.
These trading instruments provide flexibility for traders to engage in different financial markets and potentially benefit from price movements. However, traders should conduct proper research and analysis to make informed trading decisions aligned with their financial goals and risk tolerance.
Here is a comparison table of trading instruments offered by different brokers:
|FAN HUA GROUP||Yes||Yes||Yes||No||Yes||Yes||No|
FAN HUA GROUP simplifies its account offerings by providing just one live trading account option, known as the FAN HUA GROUP Account. The broker takes an inclusive approach by allowing traders to open an account with a minimum initial deposit of $0, which can be appealing to those who prefer flexibility in their investment choices. Additionally, the minimum position size for trading on this account starts at 0.01 lot, accommodating both small and large-scale traders. This streamlined account structure may be advantageous for traders seeking straightforward and accessible trading options without the complexity of multiple account types. However, it's essential for traders to review the specific terms and conditions associated with the FAN HUA GROUP Account to ensure it aligns with their trading preferences and goals.
FAN HUA GROUP offers a notably high maximum leverage ratio of up to 1:500, surpassing the leverage options provided by many other brokers. However, it's crucial to understand that while high leverage can amplify potential profits, it also significantly increases the risk of substantial losses. Therefore, it's important for traders, especially those who are less experienced, to exercise caution when utilizing such high leverage levels. Overleveraging can lead to quick and substantial losses, so it's advisable for traders to carefully assess their risk tolerance and consider lower leverage options if necessary to manage risk effectively.
Here is a comparison table of maximum leverage offered by different brokers:
|Broker||FAN HUA GROUP||FxPro||VantageFX||RoboForex|
Spreads and Commissions
FAN HUA GROUP provides pricing options with no initial account opening fees, offering traders the flexibility to start trading without a specific deposit requirement. The broker offers commission-free trading, allowing traders to execute trades without incurring additional transaction costs. Additionally, the minimum lot size starts at 0.01, which may be suitable for traders who prefer smaller position sizes or more precise risk management. Furthermore, FAN HUA GROUP provides the potential for spread discounts, which can result in spreads as low as $24 per lot. Traders may find these pricing options appealing for cost-effective trading. However, it's important to review the broker's terms and conditions for a comprehensive understanding of its fee structure and spread discounts.
Deposit & Withdraw Methods
FAN HUA GROUP's official website does not provide specific information regarding deposit and withdrawal methods. Therefore, traders who are interested in funding their accounts or making withdrawals are advised to contact the broker's customer support for detailed and up-to-date information on the available payment options and processes.
FAN HUA GROUP offers the MetaTrader 5 (MT5) trading platform to its clients. MetaTrader 5 is a popular and widely used trading platform known for its advanced features and capabilities. It provides traders with a comprehensive suite of tools for technical analysis, charting, and order execution. MT5 supports a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios.
One notable feature of MT5 is its support for multiple timeframes and chart types, making it suitable for both short-term and long-term traders. Additionally, the platform offers a built-in economic calendar, news feed, and various technical indicators, empowering traders with valuable market information.
MT5 also supports algorithmic trading through Expert Advisors (EAs) and allows for the creation and customization of automated trading strategies. It offers a user-friendly interface that caters to traders of all experience levels, from beginners to advanced traders. With its availability on desktop, web, and mobile devices, MT5 ensures flexibility and convenience for traders to access the markets anytime and anywhere.
FAN HUA GROUP offers comprehensive customer support services to assist traders with their inquiries and concerns around the clock. The support team is available 24/7 to ensure that traders can access assistance whenever they need it.
Traders can reach out to the customer support team through various channels, including email and live chat. The email address provided for support inquiries is firstname.lastname@example.org, allowing traders to communicate their questions or issues in writing and receive timely responses.
Additionally, there is a phone contact provided, +86 20 8608 1264, enabling traders to connect with the support team via phone for more immediate assistance.
For those who prefer traditional mail correspondence, the company's physical address is provided as: Room 12, 20/F, Ho King Commercial Centre, 2-16 Fa Yuen Street, Mongkok, Kowloon, Hong Kong.
These multiple contact options demonstrate FAN HUA GROUP's commitment to ensuring that traders have accessible and reliable avenues to seek assistance and resolve any trading-related matters.
FAN HUA GROUP offers educational resources aimed at providing traders with essential information about financial markets and trading. These resources cover topics such as anti-money laundering, legal regulations, and risk management. The anti-money laundering content explains the concept and significance of preventing money laundering activities in the financial sector.
Additionally, the broker provides user manuals and risk disclosure materials to assist investors in the account registration process and to highlight potential risks associated with foreign exchange and derivatives margin trading. These resources stress the importance of having risk control abilities and investment experience when participating in such activities.
While FAN HUA GROUP's educational materials focus on compliance and risk awareness, they may not provide in-depth market analysis or trading strategies. Traders should assess their specific educational needs and consider seeking additional resources as required.
In conclusion, FAN HUA GROUP presents both advantages and disadvantages for traders. On the positive side, it offers a diverse range of tradable instruments, requires no minimum deposit, and provides high leverage with the potential for spread discounts, making it attractive for traders seeking flexibility and cost-effective trading. However, the absence of regulatory oversight raises concerns about investor protection. Furthermore, the limited educational resources may not fully support traders in their learning journey. Traders considering FAN HUA GROUP should carefully weigh the benefits against the risks and exercise caution when utilizing the high leverage options provided by the broker.
Q: Is FAN HUA GROUP regulated by any financial authority？
A: FAN HUA GROUP is not regulated by any recognized financial regulatory authority, which means there may be limited regulatory oversight.
Q: What types of trading instruments can I access with FAN HUA GROUP？
A: FAN HUA GROUP offers a variety of trading instruments, including forex, precious metals, energy commodities, stock indices, and cryptocurrencies.
Q: Are there different account types available with FAN HUA GROUP？
A: FAN HUA GROUP simplifies its account offerings, providing a single account type called the FAN HUA GROUP Account.
Q: What is the minimum deposit requirement to start trading with FAN HUA GROUP？
A: FAN HUA GROUP allows traders to open an account with no specified minimum deposit, offering flexibility in investment choices.
Q: What is the maximum leverage offered by FAN HUA GROUP？
A: FAN HUA GROUP offers a maximum leverage ratio of up to 1:500, which can amplify potential profits but also increases the risk of substantial losses.
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