Abstract:Jinsheng Micro Transaction is an unregulated Hong Kong-based company operating in the financial sector for approximately 2-5 years. The company offers trading services primarily through the MetaTrader 4 platform, covering a range of market instruments. Clients can choose from multiple account types, including Standard, ECN, and VIP, each with varying leverage ratios. The company provides deposit and withdrawal options through bank wire transfers, credit/debit cards, and e-wallets. Customer support is available via QQ and phone channels, with a focus on providing trading services and support to clients. Lastly, there are no additional fees aside from the $100 minimum deposit to make an account.
Key Information | Details |
Company Name | Jinsheng Micro Transaction |
Years of Establishment | 2-5 years |
Headquarters | Hong Kong |
Regulation | Unregulated |
Tradable Assets | Forex, Stocks, Indices, Commodities, Cryptocurrencies |
Account Types | Standard, ECN, VIP |
Minimum Deposit | $100 |
Leverage | Up to 1:1000 |
Deposit/Withdrawal Methods | Bank wire transfer, Credit/debit card, E-wallets |
Trading Platforms | MetaTrader 4 |
Customer Support | QQ, Phone |
Jinsheng Micro Transaction is an unregulated Hong Kong-based company operating in the financial sector for approximately 2-5 years. The company offers trading services primarily through the MetaTrader 4 platform, covering a range of market instruments. Clients can choose from multiple account types, including Standard, ECN, and VIP, each with varying leverage ratios.
The company provides deposit and withdrawal options through bank wire transfers, credit/debit cards, and e-wallets. Customer support is available via QQ and phone channels, with a focus on providing trading services and support to clients. Lastly, there are no additional fees aside from the $100 minimum deposit to make an account.
Jinsheng Micro Transaction operates without any regulatory oversight and is classified as an unregulated broker. This absence of regulation means that the company does not adhere to any specific financial authority's guidelines or standards. Consequently, there is no external body overseeing its operations, which might otherwise impose rules related to financial transparency, client protection, or market conduct. As a result, clients who choose to engage with this broker do so without the safeguards that regulatory oversight can provide.
Pros | Cons |
Variety of Instruments | Unregulated Status |
Flexible Account Options | Limited Platform Choice |
Multiple Deposit Methods | High VIP Account Deposit |
Pros:
Variety of Instruments: Jinsheng Micro Transaction offers a broad spectrum of market instruments, including Forex, Stocks, Indices, Commodities, and Cryptocurrencies, providing traders with ample choices to diversify their portfolios.
Flexible Account Options: The company presents a range of account types, catering to traders with different risk tolerances and financial capacities. This flexibility allows clients to select an account type that aligns with their trading preferences.
Multiple Deposit Methods: Jinsheng Micro Transaction supports various deposit methods, including bank wire transfers, credit/debit cards, and e-wallets like Skrill and Neteller, offering convenience and options for clients to manage their funds efficiently.
Cons:
Unregulated Status: The company operates without regulatory oversight, which may raise concerns about the lack of external accountability and investor protection typically associated with regulated brokers.
Limited Platform Choice: While the MetaTrader 4 (MT4) platform is widely recognized, some traders may prefer alternatives. Jinsheng Micro Transaction primarily offers MT4, limiting platform diversity.
High VIP Account Deposit: The VIP account requires a significantly high minimum deposit of $10,000, potentially excluding traders with smaller capital from accessing certain features.
The website of Jinsheng Micro Transaction is currently inaccessible. This technical issue significantly impacts the company's online presence and credibility. Potential traders are unable to access the company's website, which, in turn, hinders their ability to explore the services offered and create trading accounts. This accessibility problem not only creates a barrier for individuals seeking to engage with the company but also raises concerns about the company's reliability and operational stability. It implies a lack of attention to the technical aspects of their online presence, which can erode trust among potential clients.
Jinsheng Micro Transaction provides access to a range of market instruments, including Forex, Stocks, Indices, Commodities, and Cryptocurrencies.
Forex: Jinsheng Micro Transaction offers Forex trading, allowing clients to trade various currency pairs, including major, minor, and exotic pairs. Examples of Forex products available through the company include EUR/USD, USD/JPY, and GBP/USD.
Stocks: The company provides access to the stock market, enabling traders to buy and sell shares of publicly traded companies. While specific examples of stocks are not provided, clients can likely trade a selection of well-known companies' stocks.
Indices: Jinsheng Micro Transaction allows clients to trade stock market indices, representing the performance of a group of stocks. Examples of indices include the S&P 500, FTSE 100, and Nikkei 225.
Commodities: Commodity trading is offered, enabling clients to trade in raw materials or primary agricultural products. Examples of commodities may include gold, oil, and agricultural products like wheat or corn.
Cryptocurrencies: The company facilitates cryptocurrency trading, allowing clients to trade various digital currencies. Examples of cryptocurrencies available through the company are Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).
The following is a table that compares Jinsheng Micro Transaction to competing brokerages:
Broker | Market Instruments |
Jinsheng Micro Transaction | Forex, Stocks, Indices, Commodities, Cryptocurrencies |
FXPro | Forex, Stocks, Indices, Commodities, Cryptocurrencies, Futures, Shares |
IC Markets | Forex, Stocks, Indices, Commodities, Cryptocurrencies, Futures, Bonds |
FBS | Forex, Stocks, Indices, Commodities, Cryptocurrencies |
Exness | Forex, Stocks, Indices, Commodities, Cryptocurrencies, Futures, Shares, Bonds |
Jinsheng Micro Transaction offers three account types: Standard Account, ECN Account, and VIP Account. Specifics are as follows:
Standard Account: Jinsheng Micro Transaction offers a Standard Account type, which is characterized by leverage ranging from 1:50 to 1:200 and variable spreads. The minimum deposit requirement for this account is $100.
ECN Account: The company provides an ECN Account with leverage ranging from 1:100 to 1:500. This account features ECN spreads and requires a minimum deposit of $500.
VIP Account: For traders seeking higher leverage, Jinsheng Micro Transaction offers a VIP Account with leverage ranging from 1:200 to 1:1000. Similar to the ECN Account, it also features ECN spreads but has a significantly higher minimum deposit requirement of $10,000.
The specifics of the account types are as follows:
Account Type | Leverage | Spreads | Minimum Deposit |
Standard | 1:50 to 1:200 | Variable | $100 |
ECN | 1:100 to 1:500 | ECN spreads | $500 |
VIP | 1:200 to 1:1000 | ECN spreads | $10,000 |
Jinsheng Micro Transaction provides varying minimum deposit rates for its different account types. The Standard Account requires a minimum deposit of $100, while the ECN Account necessitates a higher deposit of $500. For traders seeking a VIP Account, a substantially higher minimum deposit of $10,000 is required. These minimum deposit rates offer traders flexibility in choosing an account type that aligns with their trading preferences and financial capabilities.
Jinsheng Micro Transaction offers varying leverage ratios to traders across different market instruments. Leverage is a tool that allows traders to control a larger position size with a relatively smaller amount of capital. It can amplify both potential profits and losses in trading. For Forex trading, the leverage can range from 1:50 to 1:1000. When it comes to stocks, the leverage ranges from 1:50 to 1:200, while for indices, it varies from 1:50 to 1:500. In the case of commodities, traders can access leverage ranging from 1:50 to 1:1000. For cryptocurrencies, the offered leverage is 1:50 to 1:200.
Here's a table comparing the maximum leverage for market instruments offered by Jinsheng Micro Transaction with those of other brokers:
Broker | Forex | Stocks | Indices | Commodities | Cryptocurrencies |
Jinsheng Micro Transaction | 1:1000 | 1:200 | 1:500 | 1:1000 | 1:200 |
FXPro | 1:500 | 1:05 | 1:125 | 1:125 | 1:20 |
IC Markets | 1:500 | 1:05 | 1:1000 | 1:500 | 1:20 |
FBS | 1:3000 | N/A | N/A | N/A | 1:30 |
Exness | 1:2000 | N/A | 1:2000 | 1:2000 | 1:30 |
Jinsheng Micro Transaction offers variable spreads for its Standard Account and ECN spreads for its ECN and VIP Account types. The company does not provide specific details regarding the exact spread values for each account type. Variable spreads typically fluctuate in response to market conditions, while ECN spreads are generally lower but may involve additional commissions or fees.
Jinsheng Micro Transaction offers a range of deposit and withdrawal methods to facilitate financial transactions. Clients can choose from options that include bank wire transfer, credit/debit card payments, and e-wallets.
Bank Wire Transfer:
Jinsheng Micro Transaction offers clients the option of bank wire transfer for depositing and withdrawing funds. Bank wire transfers are a traditional and secure method of financial transactions, involving the direct transfer of funds from a bank account to the trading account.
Credit/Debit Card:
The company allows clients to use credit and debit cards for both deposits and withdrawals. Credit/debit card payments provide a convenient and widely accepted way to manage financial transactions, offering ease of use and accessibility.
E-Wallet:
For electronic payment solutions, Jinsheng Micro Transaction provides three e-wallet options: Skrill, Neteller, and FasaPay. Both e-wallet services offer secure and efficient ways to deposit and withdraw funds, catering to clients seeking online financial transaction options.
Jinsheng Micro Transaction offers the MetaTrader 4 (MT4) trading platform as the primary option for clients to execute their trades. MetaTrader 4 (MT4) is a widely recognized and popular trading platform in the industry, known for its user-friendly interface, advanced charting tools, technical indicators, and automated trading capabilities. It provides traders with a robust and reliable platform for analyzing markets and executing trades efficiently.
With just a single trading platform, like Jinsheng Micro Transaction's reliance on MetaTrader 4 (MT4), can be disadvantageous compared to competitors who offer multiple platform options because it limits traders' choices and may not cater to those who prefer alternative platforms. This lack of platform diversity can potentially deter traders who seek a different trading experience or specific features offered by alternative platforms provided by competitors.
Here's a table comparing the trading platforms offered by Jinsheng Micro Transaction with other selected brokers:
Broker | Trading Platforms |
Jinsheng Micro Transaction | MetaTrader 4 (MT4) |
FXTM | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Exness | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Pepperstone | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
FP Markets | MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, cTrader |
Jinsheng Micro Transaction offers customer support through phone and online chat (QQ), enabling clients to access assistance promptly.
Phone Support: Jinsheng Micro Transaction offers phone support as a means of contacting their customer support team. Clients can reach the company's support staff by calling +852-6611-2420, providing a direct and immediate way to seek assistance or resolve any inquiries.
Online Chat (QQ): The company provides an online chat support option through QQ from the ID 800185271, which allows clients to engage in real-time conversations with customer support representatives. This method offers a convenient way to obtain quick responses to queries and assistance with trading-related matters.
In conclusion, Jinsheng Micro Transaction operates as an unregulated brokerage with a trading history spanning 2-5 years. The company provides access to various market instruments, including Forex, Stocks, Indices, Commodities, and Cryptocurrencies, offering multiple account types with varying minimum deposit requirements and leverage options. Deposits and withdrawals are facilitated through a selection of methods, and clients have the option to seek support through phone and online chat (QQ) channels.
However, it's important to note that the unregulated status of the company implies a lack of external oversight typically associated with regulated brokers, which may pose higher risks for traders. Additionally, there is no active website for Jinsheng Micro Transaction, so there is no way for traders to find updated information on the brokerage aside from contacting customer support. These factors together make for a relatively high risk factor business.
Q: How long has Jinsheng Micro Transaction been in operation?
A: The company has been active for a period spanning 2-5 years.
Q: What market instruments are offered by Jinsheng Micro Transaction?
A: The company provides access to Forex, Stocks, Indices, Commodities, and Cryptocurrencies.
Q: Can you describe the available account types?
A: Jinsheng Micro Transaction offers Standard, ECN, and VIP accounts with varying features.
Q: What are the deposit and withdrawal options provided by the company?
A: Clients can use bank wire transfer, credit/debit cards, Skrill, Neteller, and FasaPay for financial transactions.
Q: Is Jinsheng Micro Transaction regulated?
A: No, the company operates without regulatory oversight.
Q: What trading platform does the company offer?
A: Jinsheng Micro Transaction primarily utilizes the MetaTrader 4 (MT4) platform for trading activities.