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SHANGQUAN -

Score

1.38 /10
Danger

SHANGQUAN

China

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.shangquanpro.com

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Comparison

Quantity 15

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.04

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

Broker Information

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Company Name

SHANGQUAN INTERNATIONAL SHARE CO., LIMITED

Company Abbreviation

SHANGQUAN

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-24
  • 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 15 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

15 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Full of tricks

This platform can’t withdraw at all, and it also induces the payment of various deposits and taxes. Now the customer service itself has disappeared and can’t be contacted and the account cannot be logged in.

2022-07-13 02:39
Unable to Withdraw

Problem solved

Cannot withdraw since the end of June2022, according to an audit by J.P. Morgan. However, at that time, the system can only accept deposits; withdrawals cannot be processed. After that, a lot of memos that were revealed stated that withdrawals were to be delayed until 11/7/22 after the significant audit.

2022-07-13 10:54
Unable to Withdraw

Unable to withdraw with SHANGQUAN

I attempted to invest a sizable sum of money through this broker. It was really successful in the first month, but after a few months, it becomes nearly hard to close a typical trade. It is very comparable to a casino. They have the ability to just tell you with an excuse after taking all of your money. Until AssetsClaimback Advisory picked up my ease and assured restoration, customer service was unable to answer promptly but glad all funds was not lost.

2022-08-27 06:59
Unable to Withdraw

unable to withdraw

I got conned by a highly competent and attractive young Chinese woman who said to be a single mother of one child and gave me knowledge on trading bitcoins for profit from her uncle. It takes them weeks or even months to gain your trust, and once they do, they try to steal all of your money by trading away. At this point, it appears that the government of Assetsclaimback Advisory has shut down their website because I can't find their webpage and my account isn't visible. Do not put your trust in this website.

2022-12-05 17:44
Unable to Withdraw

AssetsClaimBack Ameliorated my situation

I invested greatly in this company and when it was time to withdraw. They keep asking me to pay risk allowance fee. Which was never spoken off before. I’m currently investigating them. And hope to get my money back.

2023-01-10 10:25
Unable to Withdraw

Withdrawal had to be forced

My demand to withdraw made the staff from SHANGQUAN stop replying me adequately, they just tell me they're checking their system but to make another deposit while i wait. I waited 2 months with no solution which is why i made out grievances with proof below, got money out of SHANGQUAN because It would have been difficult to lose $70,000 to a sham investment platform

2022-09-06 14:10
Unable to Withdraw

Letting others learn and get help.

Its all scam this company will work with you till you would like to make a first-time withdrawal from my Life becoming a hoax, everything will be proceeding according to plan., I don't think they in the states or the mainland where they say they are. Never trust anyone, especially if they're promising you a quick increase in profit because it's probably a scam; fortunately, I didn't lose all of my money. The photos that were uploaded show all of the scam's proof and recovery aid.

2022-09-10 14:26
Unable to Withdraw

This Company is obviously a scam outfit

It all started well with Shangquan as they wanted me to pay money to their platform, they pushed me to invest more every time but soon as they have your money it's a different turn of events I have reported their attempt to do away with my investment and requested a withdrawal that came through under the fintrack/ org relief program because I paid everything the shangquan advisor asked but still he told me the stop loss was inactive at the time of trading just to divert my attention and trade my money for himself

2022-08-09 01:41
Unable to Withdraw

I wonder how many people they have scammed

First, they different excuses about missing documents in order not to pay investors. many failed attempts just to withdraw made me brutally hate SHANGQUAN, NO CONTACT NUMBER! Stay away from this them it’s all manipulation please invest your money in something else

2022-09-08 17:31
Unable to Withdraw

Unable to withdraw

My account manager keeps persistently urging me to increase my deposit. When I had spent $95,000, he realized I wasn't going to spend any more, all forms of communication with me are cut off to avoid them paying me . I've complained to the firm numerous times, but nothing has changed. Do not trust this firm SHANGQUANFX . Becareful no one should invest with this company if you do you might regret it.

2022-07-13 02:09
Unable to Withdraw

Untrustworthy platform

When they told me I had to top up my investment before I could withdraw after I had sent them money from my cryptocurrency exchange wallet , I realized I had been working with a shady company. I chose to contact an offshore expert AssetsClaimBack for help with the withdrawal difficulties after reading so many victim complaints on this site because I have so many accounts of their expertise shangquan have scam a lot people and I’m sure their digital fingerprints will soon get expose.

2022-08-05 19:36
Scam

Assetsclaimback Inc is scam

Assets claim back( assetsclaimback.com ) inc from Austria. This company is scam. They post their advertisements on several forums. They scam me 105300$. The contact person from assetsclaimback is Andre simone(whatsapp is 61480048673. ) I was scammed by Shangquan internation inc by buy CFD. After i check the shangquan internation in website forum. The assestsclaimback has many fake advertisements to show this company can recovery  the lost digital crypto. Actually, this company is second scammer after the clients has first scam experience. How to scam by assetscalimback. First, they ask clients to give the sending address and receiving address from the initial scammer. They say to use blockchain tracking and triangulation technology. Then ask clients to set up old version blockchain wallet. They will ask clients to create new account in blockchain wallet. Also they need to know wallet id and password for that wallet.  Then in old version blockchain wallet, they will set imported address as charge back. In chargeback address, they will show the clients how much fund will recovery.(Note: the money is fake, it is imported from their own wallet) . Then ask the clients to put the 10% deposit because they said the initial scammer set some kind of protocol. If the clients want to get the money back, clients need to 10% deposit.  At this moment, the clients are so nervous and eager to get the money back. It could send 10% deposit. In order to lure the clients, they said they will help the clients and put some funds into deposit if clients don’t have enough money to put. Once clients put the deposit money in, the deposit fund will automatically send to scammer’s own wallet.  But they will show the detaching how many percent in detaching address of blockchain wallet.  Once clients deposit fund into blockchain wallet, the deposit fund from clients will automatically send to assetclamback wallet, because they put script program in the client blockchain wallet. The deposit money will be gone automatically once the amount is reached at some level. After first scam from this company. Then they want to scam me at second time. Because in first scam, assetsclaimback said that they can’t finish the detaching. Assetscliamback told me that he use some kind of technology to get the fund recovery without detaching. Then he asked me to create exodus wallet. And he gave me a link to register exodus wallet in his link. When open the website link which he supplied to me, the link will ask me to fill  12 phrases for the exodus wallet. Once put the 12 phrase from exodus wallet in his website link, he will put his script program in the exodus wallet. Assetclaimback will put his own wallet money which is just shown in client exodus wallet. Then he will ask client to deposit some fund into exodus wallet to take the recovery fund out. Once clients deposit fund into exodus wallet, all money are automatically send out to Assetclaimback wallet.     Assetsclaimback has contracts with me. But the contracts are fake. In contract, the register number for the company doesn’t match their company name which is in the website.  They use fake company to sign the contracts with clients. They use clients’ weak mood and limited knowledge about digital crypto to scam the clients. Please avoid this recovery company.  

2022-11-16 21:25
Scam

Cyb3rNub Hackers Recovers Lost Assets

This company gives so many good reason to start investing, After adding money and making profits. I wanted to withdraw, But they keep giving reasons to have more money invested. I stopped adding money and found out they are big scam. I will get to the bottom of this.

2023-01-10 10:37
Unable to Withdraw

Seek, aid it’s all scam

This business will cooperate with you till you wish to withdraw your money first time in my life getting scammed everything will seem to be going as planned., I don't believe they are in mainland or states where they claim to be. Never believe anyone, especially if they guarantee you a rapid growth profit, as it's most likely a scam glad i didn’t lose all my funds uploaded pictures include all the evidence of the scam

2022-09-08 17:54
Unable to Withdraw

Assetsclaimback warning fraud

My name is Steve from Germany. Assetsclaimback Investigation of Potential CIass Action Against Online Trading Platform Providers SHANGQUAN FX claims to be number one among them I opened a real account with Shangquan fx ON 6TH NOVEMBER 2021, untill today I have been depositing for 21700$ though I have lost about 10,000USD through the positions opened. I have tried to request to withdraw part of the money amounting 7800USD, but I didnt get any response form them. I made a request on 9th April 2022

2022-11-17 04:28
    SHANGQUAN · Company summary

    Note: SHANGQUAN's official website: https://www.shangquanpro.com/ is normally inaccessible.

    SHANGQUAN Information

    SHANGQUAN is an unregulated brokerage company registered in China. While the broker's official website has been closed, so traders cannot obtain more security information.

    Is SHANGQUAN Legit?

    SHANGQUAN is not regulated, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with the company.

    Is SHANGQUAN Legit?

    After a Whois query, we found that this company's domain name is for sale, which shows that this company has not registered it securely.

    Is SHANGQUAN Legit?

    Downsides of SHANGQUAN

    • Unavailable Website

    SHANGQUAN's website is inaccessible, raising concerns about its reliability and accessibility.

    • Lack of Transparency

    Since SHANGQUAN does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.

    • Regulatory Concerns

    SHANGQUAN is not regulated, which is less safe than a regulated one.

    • Withdrawal Difficulty

    According to a report on WikiFX, many users encountered significant difficulties with fund withdrawals and induced fraud scams. The issue remained unresolved despite the request being pending for a long time.

    Negative SHANGQUAN Reviews on WikiFX

    On WikiFX, “Exposure” is posted as a word of mouth received from users.

    Traders must review the information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

    Negative SHANGQUAN Reviews on WikiFX

    Currently, there are 15 pieces of SHANGQUAN exposure.

    Exposure. Cannot withdraw & Scams

    ClassificationUnable to Withdraw
    Date2022-2023
    Post CountryUnited Kingdom/United States

    You may visit: https://www.wikifx.com/en/comments/detail/202301101032582344.html https://www.wikifx.com/en/comments/detail/202301106002914548.html https://www.wikifx.com/en/comments/detail/202212053032726362.html.

    Conclusion

    SHANGQUAN Since the official website cannot be opened, traders cannot get more information about security services. In addition, the unregulated status and unregistered domain name indicate the broker's trading risks are high. It is advisable to choose regulated brokers with transparent operations to ensure the safety of your investments and compliance with legal standards. Traders can learn more about other brokers through WikiFX. Information improves transaction security.

    User Reviews

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    User comment

    2

    Comments

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    简单明了
    more than one year
    Just completely unhappy so far. I have waited for my withdrawal for too long. I can’t imagine losing my capital here because I don’t think I’ll be able to forgive myself.
    Just completely unhappy so far. I have waited for my withdrawal for too long. I can’t imagine losing my capital here because I don’t think I’ll be able to forgive myself.
    Translate to English
    2022-12-13 12:14
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    FX1116789294
    more than one year
    This broker is nothing but a scam. They kept refusing my withdrawal request so impatiently, shutting my phone calls, blacklisting me. I wish they could go to hell.
    This broker is nothing but a scam. They kept refusing my withdrawal request so impatiently, shutting my phone calls, blacklisting me. I wish they could go to hell.
    Translate to English
    2022-12-08 16:55
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    15