Score

1.30 /10
Danger

Fenghe

Australia

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 4

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.42

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2025-01-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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Fenghe · Company summary
Fenghe Review Summary
Founded2023
Registered Country/RegionIceland
Regulationunregulated
Market InstrumentsCryptocurrency, Forex, Stocks, Equities, Global Indices, Commodities
Demo Account
LeverageUp to 1:100 (London Gold Account), 1:12.5 (Gold T+D Account), None (Paper/Physical Gold Account)
SpreadNot specified
Trading PlatformSirixStation-Fenghe
Min DepositNo minimum deposit
Customer SupportEmail: support@fengheltd.com

Fenghe Information

Based in Iceland, Fenghe is a non-regulated brokerage providing a spectrum of market instruments including stocks, currencies, bitcoin, and commodities. It offers London Gold, Gold T+D, Paper Gold, and Physical Gold Accounts among numerous account kinds. Fenghe is open to different investors since it does not need a minimum deposit.

Pros and Cons

Pros Cons
Several account typesNo regulations
No minimum deposit requirementAbsence of a clear fee schedule
0 commissions

Is Fenghe Legit?

Fenghe is uncontrolled, thus it is not under control by acknowledged financial agencies such as FCA or ASIC. Since the broker is not answerable to any set of rules, traders run more danger without control.

Fenghe's domain (fengheltd.com) was registered lately on May 7, 2023, and is active based on WHOIS data; nonetheless, its short operational history calls questions regarding its legitimacy.

Is Fenghe Legit?

What Can I Trade on Fenghe?

Fenghe provides a range of trading possibilities, mostly concentrated on the gold market and cryptocurrencies. They also give access to other conventional instruments including commodities and currencies.

Tradable Instruments Supported
Forex
Commodities
Crypto
CFD
Indexes
Stock
ETF

Account Types

Fenghe provides several accounts. Designed for traders seeking maximum leverage, London Gold Account provides leverage up to 1:101. Gold T+D Account gives reduced 1:12.5 leverage. Neither a physical nor a paper gold account would be appropriate for conservative traders with large investment funds without any leverage.

Leverage

For its London Gold Account, Fenghe offers leverage ranging up to 1:101. For other accounts like Gold T+D, lower leverage is provided. Although leverage raises possible earnings, it also raises possible losses, hence using leverage should be done with great care.

Trading Platform

Fenghe offers the SirixStation-Fenghe platform, available for both PC and Android users. It is known for its simplicity, flexibility, and built-in risk control features.

Trading PlatformSupported Available Devices Suitable for what kind of traders
SirixStation-FenghePC, AndroidTraders looking for simplicity, flexibility, and built-in risk control features

Deposit and Withdrawal

The platform allows several ways of making deposits and withdrawals.

Deposit Options

Deposit Options Min. DepositFees Processing Time
Bitcoin$500Not mentionedInstant
Ethereum$500Not mentionedInstant
Tether (USDT)$500Not mentionedInstant
Tron$500Not mentionedInstant

Withdrawal Options

Withdrawal Options Min. Withdrawal Fees Processing Time
BitcoinNot specifiedNot mentionedInstant
EthereumNot specifiedNot mentionedInstant
Tether (USDT)Not specifiedNot mentionedInstant

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