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Score
United Kingdom
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Quantity 7
Exposure
Score
Regulatory Index0.00
Business Index6.03
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
CANG LIMITED
Company Abbreviation
CANG LIMITED
Platform registered country and region
United Kingdom
Company website
Company summary
Pyramid scheme complaint
Expose
account is being upgraded and has been disconnected.
One of these two URLs is the deposit address, and the other is the official website. The official website has been taken down, but the recharge address has always been there. I was chatted by a netizen in June. The alert recharge was 1000. Then it doubled in two weeks, and then the recharge was 7000. After that, the withdrawal was not allowed, and it was stuck in the review.
In June, a netizen named Liu Jiang on Weibo chatted and introduced a teacher named Hongfei, and then they said that digital currency is not easy to do recently, and turned to the foreign exchange platform to do XAU and AUD, and in July 2022 after making a profit On the 17th, all the money with the platform has disappeared, and all chat software cannot contact the two of them. I advise you to contact me as soon as possible to return all my money. If you are found by me after the police, you will not be talking to you like this now!
I started trading around the beginning of April this year and traded until June 13th, and when I tried to withdraw after that, I was told to pay 20.315% tax, and it took some time, but I managed to pay. However, after that, I was told that I could not withdraw unless I paid a deposit of 15%. This time, I was told that I could not withdraw again unless I paid 15% of the overdue fee, so I managed to pay this as well. When I thought that I could withdraw money with this, I was told that I could not refund unless I paid a 5% service fee. I would like a refund.
So far, I have paid 20.315% tax, 15% security deposit, and 15% deferred payment, but since the payment period has passed, I was told to pay a 5% service fee, and at that time the funds were removed from my MT5 account. lost. When I was about to transfer the service charge somehow, they told me not to use it. I would like to ask you to return some of the funds.
I paid the tax to withdraw the money from the account, and when the transfer was delayed a few days, I requested a security deposit. The transfer bank stops me (I don't know if it's true. I think it's a lie.) They threaten to refund me if I don't pay the service charge. It was definitely a scam. I was foolish to be deceived, but this customer service manager really pisses me off.
Note: CANG LIMITED's official website: https://www.market-cang.com/en is currently inaccessible normally.
CANG LIMITEDReview Summary | |
Registered Country/Region | United Kingdom |
Regulation | No regulation |
Market Instruments | Forex, stock indices, energy products, precious metals, commodities, digital currencies |
Account Type | Live and Demo accounts |
Demo Account | ✔ |
Leverage | Up to 1:500 |
Spread | Low |
Trading Platform | MT5 for PC, iOS, and Android |
Deposit & Withdrawal | Visa, MasterCard, Maestro, Skrill, Neteller, WebMoney, Bank Transfers, Local Transfers, LOAD |
Customer Support | Contact form, live chat, email |
CANG LIMITED is a brokerage registered in the United Kingdom. The trading instruments it provides cover Forex, stock indices, energy products, precious metals, commodities, digital currencies. It provides 2 types of accounts and MT5 for traders. But it is currently unregulated and lacks security.
Pros | Cons |
Diversified trading products | No regulation |
Support MT5 | |
Multiple deposit and withdrawal options |
It is clear that CANG LIMITED is currently unregulated and is insecure.
CANG LIMITED offers traders the opportunity to trade forex, stock indices, energy products, precious metals, commodities, digital currencies.
Tradable Instruments | Supported |
Forex | ✔ |
Indices | ✔ |
Energy products | ✔ |
Precious metals | ✔ |
Commodities | ✔ |
Digital currencies | ✔ |
Stocks | ❌ |
ETFs | ❌ |
Funds | ❌ |
Bonds | ❌ |
Options | ❌ |
Futures | ❌ |
CANG LIMITED offers 2 types of accounts to traders - Live Account and Demo account. But no more information is provided by CANG LIMITED.
CANG LIMITED claims to offer low spreads - as low as 0.0pips, but does not give specific information.
CANG LIMITED's trading platform is MT5 Margin WebTrader, which supports traders on the web and mobile.
Trading Platform | Supported | Available Devices | Suitable for |
MT5 Margin WebTrader | ✔ | Web, Mobile | Proficient |
MT4 | ❌ |
The broker supports four payment methods: Visa, MasterCard, Maestro, Skrill, Neteller, WebMoney, Bank Transfers, Local Transfers, LOAD. But there is no more detailed information about minimum deposit or fees.
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