Abstract:Founded in 2018, FU HENG GROUP LIMITED claims itself a US-registered brokerage service provider, offering a series of financial instruments such as forex exchange, precious metals, crude oil as well global stocks from major markets. FU HENG GROUP LIMITED hypes that it is authorized and regulated by NFA, with regulatory license number 0507339, but it has been verified that the license it holds is a clone one, and this company does not fall under any regulatory agency.
General Information & Regulation
Founded in 2018, FU HENG GROUP LIMITED claims itself a US-registered brokerage service provider, offering a series of financial instruments such as forex exchange, precious metals, crude oil as well global stocks from major markets. FU HENG GROUP LIMITED hypes that it is authorized and regulated by NFA, with regulatory license number 0507339, but it has been verified that the license it holds is a clone one, and this company does not fall under any regulatory agency.
Official Website Unavailable
Since the official website of FU HENG is unavailable at this stage, and we can only pick up some useful information from some broker-reviewing website to get a rough idea of this broker.
Negative Reviews
Many scammed traders complained that FU HENG is an illegal platform,
In past three months, the number of complaint about this broker on the WIKIFX platform has reached 33, which is incredibly high. Many victims exposed that Guohuijinrong is just a fraud and scam broker keeping extracting money from traders.
Market Instruments
Tradable financial instruments available on the FU HENG platforms include currency pairs, crude oil, global stocks & indices, precious metals.
Trading Platform Available
FU HENG advertises that traders can get access to various trading assets through the leading MT4 trading platform.
The Australian Securities and Investments Commission (ASIC) has banned Peter Aardoom, the director of JB Markets, for eight years from associating with any financial services firm. This ban follows a series of regulatory actions against JB Markets, which included the cancellation of its Australian Financial Services (AFS) license less than a year ago.
Choosing a reliable broker that offers competitive conditions and robust security is essential. X Charter, a Belize-registered brokerage, claims to offer a comprehensive trading platform for Forex, CFDs on Shares, Futures, Indices, Metals, and Energy. However, with its unregulated status and some concerning features, potential traders must carefully assess the risks before opening an account.
When it comes to online trading and investment, Plus500 has established itself as a prominent global fintech company, offering trading on over 2,800 CFD-based financial instruments, covering forex, commodities, indices, global stocks, ETFs and cryptocurrencies. Whether you're new to trading or an experienced investor looking for a reliable platform, understanding how to open, use, and manage your Plus500 account is essential. This guide will walk you through the key aspects of Plus500 accounts, from opening a demo account to making withdrawals.
Pepperstone expands 24-hour US share CFDs, adding 79 stocks like Tesla and Nvidia, meeting demand for after-hours trading opportunities.