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Renhe -

Score

1.54 /10
Danger

Renhe

Bahamas

5-10 years

Regulated in Bahamas

Retail Forex License

Suspicious Scope of Business

High potential risk

Offshore Regulated

http://www.renhefs.com

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Comparison

Quantity 3

Exposure

Open Account
Website

Score

Regulatory Index3.05

Business Index7.22

Risk Management Index0.00

Software Index4.00

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

Renhe Financial Services Limited

Company Abbreviation

Renhe

Platform registered country and region

Bahamas

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2025-01-31
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The Bahamas SCB regulation with license number: SIA-F211 is an offshore regulation. Please be aware of the risk!

WikiFX Survey

Danger

Renhe

Bahamas

WikiFX Verification

Exposure

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

Renhe is unable to withdraw

Renhe is unable to withdraw. The account is still trading since March, but I cannot withdraw neither profit nor principle

FX7259608494
2022-06-19 09:02
Unable to Withdraw

Can't withdraw money!

Since March this year, the account has not been withdrawn. There is no reply when contacting the owner of the platform, and the operation manager of the platform is ignored. The attitude is still arrogant! But the platform is still able to deposit! Still doing promotion!

FX4018822551
2022-07-16 19:22
Unable to Withdraw

No withdrawal is given. Do not withdraw even your principle is a loss.

MT4 account: 90093580 Principal 4000USD equivalent to RMB 25736 At the end of January, I applied for a withdrawal. The background shows that it has been reviewed, but the funds have not been received. At that time, it was said that the withdrawal channel was on holiday at the end of the year. After the year, I said that I would investigate the account. My account was still in a loss. I also investigated the amount of money [3f]. The principal was also issued, and then I urged the withdrawal many times, but it still did not arrive. On February 24 The number said that the platform added new shareholders. To open an office in Qingdao, you need to reorganize the finances. It takes 5 to 10 days to give out the money. Until March 3, the message will not be replied, and the WeChat will be blocked on March 9. The platform does not reply to the email sent by the platform. Is it because the platform has run away? [3f] Or the owner of the platform has been arrested [3f] Now I know the address of the Beijing office of the platform, and it is active in Qingdao, Xiamen, Beijing.

FX3027027790
2022-03-09 16:44
Renhe · Company summary

Note: Renhe's official website: https://www.renhefs.com/ is currently inaccessible normally.

Renhe Review Summary
Founded2019
Registered Country/RegionBahamas
RegulationOffshore Regulated by SCB
Market InstrumentsForex, Metals, Indices, Commodities, Cryptocurrency
Demo Account❌
LeverageUp to 1:100
Spread/
Trading PlatformsMT4
Minimum Deposit/
Customer SupportContact form
Phone: +1 242 603 2160, +1 2426032161
Email: info@renhetrade.com
Address: Sea Sky Lane, Sandyport, Nassau, Bahamas. 201 Church Street, Sandyport, Nassau, New Providence
QQ: 512595982

Based in Bahamas, Renhe is a financial company registered in 2019. It is offshore regulated by SCB and offers trading on Forex, Metals, Indices, Commodities, and Cryptocurrency via the MT4 platform.

Renhe's homepage

Pros and Cons

Pros Cons
Diverse customer support channelsNon-functional website
MT4 platformOffshore regulation
A wide range of productsLimited info on accounts
Limited info on trading fees
No demo accounts

Is Renhe Legit?

Regulatory Status Offshore Regulated
Regulated by SCB
Licensed Institution Renhe Financial Services Limited
Licensed TypeRetail Forex License
Licensed NumberSIA-F211

At present, Renhe holds an offshore license. It means the company is not completely regulated. Please pay high attention to the safety of your funds if you choose this broker.

Offshore regulated by SCB

What Can I Trade on Renhe?

On Renhe, you can trade with Forex, Metals, Indices, Commodities, and Cryptocurrency.

Tradable Instruments Supported
Forex✔
CFDs❌
Commodities✔
Indices✔
Cryptocurrencies✔
Metals ✔
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on Renhe?

Leverage

The maximum leverage is 1:100. Note that while leverage can increase potential profits, it also amplifies potential losses.

Trading Platform

Renhe provides MetaTrader 4 (MT4) platform, available on Windows, iOS, or Android devices. Traders can access MT4's advanced features, robust charting tools, and automated trading capabilities.

MT4

User Reviews

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User comment

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Comments

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桂雄￥
more than one year
When choosing a broker, I would look it up on wikifx. Like this company Renhe, I found on wikifx that it does not have an office in the Bahamas, and has already had feedback from victims.
When choosing a broker, I would look it up on wikifx. Like this company Renhe, I found on wikifx that it does not have an office in the Bahamas, and has already had feedback from victims.
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2022-12-13 10:18
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