Score

1.59 /10
Danger

JinDao

Hong Kong

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Hong Kong Type A1 License Unsubscribed

High potential risk

C

Add brokers

Comparison

Quantity 13

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.61

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

金道贵金属有限公司

Company Abbreviation

JinDao

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2025-01-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 11 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
    JinDao · Company summary

    Note: JinDao's official website https://pm.gwghk.com/hk/ is currently inaccessible normally.

    JinDao Review Summary
    Founded2003
    Registered Country/RegionHong Kong
    RegulationNot Regulated
    Market InstrumentsForex, Metal, Energy
    Demo AccountNot Mentioned
    LeverageUp to 1:400
    SpreadFrom 0.8 pips
    Trading PlatformMeta Trader 4
    Min Deposit$100
    Customer Support852 - 3719 2500
    pmhkcs@gwghk.com

    JinDao Information

    JinDao is an unregulated financial company offering trading services primarily through the Meta Trader 4 platform, focusing on forex, metal, and energy instruments. The company provides three account types with a minimum deposit of $100 and all offering leverage up to 1:400, and spread starts from 0.8 pips. However, the official website is inaccessible.

    Pros and Cons

    ProsCons
    • Supports Meta Trader 4
    • Lack of regulation
    • Offers three account types
    • Inaccessible Website
    • High leverage up to 1:400

    Is JinDao Legit?

    JinDao has a Type A1 License regulated by the Chinese Gold and Silver Exchange Society (“CGSE”) in Hong Kong with a license number of 074.

    Regulatory StatusUnsubscribed
    Regulated byChinese Gold and Silver Exchange Society (“CGSE”)
    Licensed Institution金道貴金屬有限公司
    Licensed TypeType A1 License
    Licensed Number074
    Is JinDao Legit?

    What Can I Trade on JinDao?

    JinDao offers many tradable assets, mainly including Forex, Metal, and Energy.

    Tradable InstrumentsSupported
    Forex
    Metals
    Energy
    Indices
    Cryptocurrency
    Shares
    Options

    Account Type

    JinDao offers three distinct account types: Standard, Pro, and VIP. You can refer to the table for details.

    Account TypeMinimum DepositSpreadsCommissionsLeverage
    Standard$100From 1.8 pipsFrom $0.07 per lotUp to 1:400
    Pro$500From 1.2 pipsFrom $0.03 per lotUp to 1:400
    VIP$10,000From 0.8 pipsFrom $0.01 per lotUp to 1:400

    JinDao Fees

    JinDao offers spreads starting from 1.8 pips, 1.2 pips, and 0.8 pips for Standard, Pro, and VIP accounts respectively. It charges the lowest commissions for VIP accounts from $0.01 per lot.

    Account TypeSpreadsCommissions
    StandardFrom 1.8 pipsFrom $0.07 per lot
    ProFrom 1.2 pipsFrom $0.03 per lot
    VIPFrom 0.8 pipsFrom $0.01 per lot

    Trading Platform

    Trading PlatformSupportedAvailable DevicesSuitable for
    Meta Trader 4PC and MobileInvestors of all experience levels

    User Reviews

    More

    User comment

    0

    Comments

    Write a review

    No comment yet

    start to write first comment

    13