Score

1.54 /10
Danger

ShengTong

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 8

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.24

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

More

Company Name

SHENG TONG Limited

Company Abbreviation

ShengTong

Platform registered country and region

Belize

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 : 2024-12-27
  • 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 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
Scam

Unable to withdraw in scam Sheng Tong

The customer service claimed that they are the Chinese agent of Sheng Tong Group and their company was located in Bingjiang district, Hangzhou. I deposited $10000 the platform provided $10000 for asset management. On October 18th, there was only $4110 left in my account and I wanted to make a withdrawal. The customer service Xiaoxiao refused and kept me waiting to December 10th. But the withdrawal applied on 16th is still unavailable. The customer service blocked me and no one responded in the so-called “Teacher Tang real-time market V”.

2019-12-22 14:23
Scam

Unavailable withdrawal and huge losses caused by the teacher.

On July 25 this year, someoneadded me through Wechat. At first I thought it was one of my friends and passed the request. I learned through chat that this netizen is doing financial investment. Recently, she invested in this platform and had earned more than 300,000 RMB a month. She said it is a good way to make money and wanted to invite me to participate.At first I didn't believe it and paid no attention to her. Later in a long time, this netizen kept sending posts of traveling, food, etc., in Wechat moments. She told me that the reason for her traveling everywhere is the money she earned through investment, occasionally, she would also send me some screenshots of making money. She has a tongue in her head. We became friends unconsciously then. Later, she invited me to join in the investment . I agreed and invested at the very day. She then invited me to a group, where there is an investment advisor who teaches everyone how to operate. Many people in the group said they are making money. I felt something abnormal which I was reluctant to believe subconsciously. Additionally, whenever I made a loss, the salesman and order-recommendation teacher of the platform would talk nonsenses on terminology and urge me to add fund gain more profits than losses. I deposited over $180,000 in total. After making a loss of $90,000 yuan, my remaining $80,000 was in the status of closed position. The analyzer even wanted me to add $100000. I was really mad since they just talked the talk.

2019-12-12 14:48
    ShengTong · Company summary

    Note: ShengTong's official website: http://www.shengtongfx.com/ is currently inaccessible normally.

    ShengTong Information

    ShengTong is an unregulated brokerage company registered in Belize. The broker engages in various trading instruments investments including forex, metals, crude oil, international stocks, indices, and ETFs. While the broker's official website has been closed, so traders cannot obtain more security information.

    ShengTong Information

    Is ShengTong Legit?

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

    Is ShengTong Legit?
    Is ShengTong Legit?

    Downsides of ShengTong

    • Unavailable Website

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

    • Lack of Transparency

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

    • Regulatory Concerns

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

    • Withdrawal Difficulty & Scam

    According to a report on WikiFX, users encountered significant difficulties with withdrawal difficulty & scams. The issue remained unresolved despite the request being pending for a long time.

    Negative ShengTong 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 ShengTong Reviews on WikiFX

    As of now, there are 8 pieces of ShengTong exposure in total.

    Exposure. Cannot withdraw & Scam

    ClassificationUnable to Withdraw/Scam
    Date2019-2020
    Post CountryHong Kong, China

    You may visit: https://www.wikifx.com/en/comments/detail/202012061292641749.html

    https://www.wikifx.com/en/comments/detail/202005084352134669.html https://www.wikifx.com/en/comments/detail/201912221702466497.html.

    Conclusion

    ShengTong Since the official website cannot be opened, traders cannot get more information about security services. In addition, the unregulated status indicates that this brokers trading risks are high. Traders can learn more about other brokers through WikiFX. Information improves transaction security.

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