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On Shun -

Score

2.34 /10
Danger

On Shun

Hong Kong

5-10 years

Suspicious Regulatory License

High potential risk

https://www.osgold85.com

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Comparison

Quantity 3

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.17

Risk Management Index0.00

Software Index9.36

License Index0.00

Open Account
Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

On Shun Golden Holdings Limited

Company Abbreviation

On Shun

Platform registered country and region

Hong Kong

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 : 2024-11-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The China Hong Kong CGSE regulation (license number: 085) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

They induced me and gave order recommendation,which made me suffer great losses.

Firstly,this is a cloned firm with its company website inconsistent with official website.Secondly,they induced me and gave order recommendation,which made me suffer great losses.Please be aware of it.

LEILIFENGHANG
2019-08-29 10:59
Scam

Forex and gold fraud in HK OSG

Foreword:Can forex and gold investment bring about profits?How to do with losses of CSI 300?How to do with the inaccessible withdrawal in MT4?Why the orders instructed by teachers bring about great losses? Abstract:Can forex and gold investment bring about profits?How to do with losses of CSI 300?How to do with the inaccessible withdrawal in MT4?How should newers do to avoid suffering great losses caused by teachers’ instruction?Is the link and operation for opening account really reliable? Is is reliable that teacher do charities?How to distinguish the regular and unregulated platform?Does the gold instructor cheat on you? Exposed fraud platform:HK OSG Teachers giving order recommendations:Haoyu Chen,Wang hao,Zhenhua Hu,Qixin Zhang and Changsheng Liu. Group:Bull Stock Meeting Broadcasting room:Wolong Pavilion Trading product:gold,silver and precious metal I knew Baolu Xi through a shareholder.She owed a group named “Bull Stock Meeting”,in which she...

CHENGJIEWEIQUAN
2019-09-04 17:59
Others

Is the gold trading regular in On Shun Golden? What’s the lowdown on frequent losses?

Do you notice a phenomenon of online financial investment?That is, a lot of platform will arrange a teacher to take you to place orders, and those teachers’ speech are also reasonable. However, those who follows these teachers will encounter several problems:the first two orders are right,with later orders are required to add position.(you will be asked to add position in case of loss even they are wrong).Because of unstable market or misoperation,the teacher will blame you for your bad luck and tell you to add fund.After adding fund,you still make a loss,until all your fund is run out. Exposed fraud platform:OSG Teachers giving order recommendations:Haoyu Chen,Wang hao,Zhenhua Hu,Qixin Zhang and Changsheng Liu. Group:Bull Stock Meeting Broadcasting room:Wolong Pavilion Trading product:London gold I knew Baolu Xi through a shareholder.She owed a group named “Bull Stock Meeting”,in which she analyzed stocks and taught us how to select stocks wisely,as well as analyzed the market trend,in the group...

FX1447259776
2019-09-02 17:35
On Shun · Company summary
On Shun Review Summary
Founded2019
Registered Country/RegionHong Kong
RegulationSuspicious Clone (Hong Kong CGSE - Chinese Gold & Silver Exchange Society, License No. 085)
Market InstrumentsPhysical Gold Investment, Currency-Based Gold Trading
Demo Account/
Leverage/
SpreadLondon Gold: $0.5/oz, London Silver: $0.04/oz
Trading PlatformMT5 (MetaTrader 5)
Min DepositUS$5,000
Customer SupportPhone: (852) 3909 6999
Fax: (852) 3909 6966
Email: cs@osgold85.com
Address: Room 9, 10/F, Wing On 62, Mody Road, Tsim Sha Tsui East, Hong Kong

On Shun Information

On Shun emphasises gold investments, both actual gold and currency-based gold trading. It claims regulated by the Hong Kong Chinese Gold & Silver Exchange Society (CGSE), however its licence is a suspicious clone, signalling fraud risks.

On Shun Information

Pros and Cons

Pros Cons
NoneUnregulated (Suspicious Clone)

Is On Shun Legit?

On Shun claims a Type AA Hong Kong Chinese Gold & Silver Exchange Society (CGSE) licence (licence number: 085). However, this licence is marked “Suspicious Clone,” implying fraud. The broker's name may not match the licenced organisation, “安信金控有限公司,” and may use alternative contact details or domains, indicating unregulated status.

Regulatory StatusSuspicious clone
Regulated byHong Kong (Chinese Gold & Silver Exchange Society - CGSE)
Licensed Institution安信金控有限公司 (On Shun Financial Limited)
License TypeType AA License
License Number085
Is On Shun Legit?

What Can I Trade on On Shun?

On Shun provides services with an eye on actual gold and options depending on currencies. These products let customers trade two major kinds of gold and invest in it.

Tradable Instruments Supported
Physical Gold Investment✔
Currency-Based Gold Trading✔
What Can I Trade on On Shun?

On Shun Fees

On Shun has cheap spreads, commissions, and swap rates compared to industry standards. London Gold and London Silver spreads are $0.5 and $0.04 per ounce, respectively. London Gold has a -2% swap rate for purchase positions and -1% for sell ones, while London Silver has -1.5% for both.

InstrumentSpreadBuy Swap RateSell Swap Rate
London Gold$0.5/oz-2%-1%
London Silver$0.04/oz-1.50%-1.50%
On Shun Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for what kind of traders
MT5✔Windows, iOS, AndroidTraders needing comprehensive tools for technical analysis, charting, and trading on multiple devices
Trading Platform

Deposit and Withdrawal

On Shun requires a US$5,000 minimum amount for fee-free deposits and withdrawals. RMB deposits and withdrawals are translated to USD for trading. For Friday withdrawals, the following Monday is handled. Withdrawals can be requested 24/7 online. Overnight positions incur interest, and forced liquidation occurs if the margin ratio dips below 20% to reduce risk.

Transaction MethodMin. AmountCurrencyFeesProcessing Time
DepositUS$5,000RMBNoneImmediate upon confirmation
WithdrawalUS$5,000RMBNoneT+1 (Next working day); if applied on Friday, it arrives on the following Monday
Deposit and Withdrawal

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Nangzhi
more than one year
I had a rather disappointing experience with On Shun Trading. Firstly, their company and official website have mismatched information, indicating a potential case of deceptive practices. Secondly, I felt misled during my interactions with them, and the discrepancy between their promises and actions resulted in significant financial losses for me.
I had a rather disappointing experience with On Shun Trading. Firstly, their company and official website have mismatched information, indicating a potential case of deceptive practices. Secondly, I felt misled during my interactions with them, and the discrepancy between their promises and actions resulted in significant financial losses for me.
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2023-12-21 22:33
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