Score
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
Add brokers
Comparison
Quantity 45
Exposure
Score
Regulatory Index0.00
Business Index7.59
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
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Company Name
香港鑫圣金业集团有限公司
Company Abbreviation
XINSHENG
Platform registered country and region
Hong Kong
Company website
Company summary
Pyramid scheme complaint
Expose
Pay attention. Do not trust it
The platform cannot be entered. All the fund within there cannot be withdrawn nor contact anyone.
In a same period, all the international market are opened normally. This fraud platform open higher by two dollars to liquidate my account and falls immediately after that. There is truth with screenshot for you to check by yourself.
You are a shameless broker, cheating mainland people. You claimed to be a member of CGSE, which is a lie. You are just a private organization. My account was closed by this broker maliciously. Account number: 18756500833. I was cheated of over $9,000. I will report u to the Internet Informant Center untill this broker is closed. I don't want this broker to cheat mainland people again
Close my account and cheat me of $9,000
No supervision. Sometimes, it has to buy cryptos to deposit. Serious hedging and loss due to slippage.
They said they could calculate and analyze the market data as well as the movement in the market price and i would profit some money and that led me to invest here. But when you apply for withdrawal, the customer service will prevent u from withdrawing funds because tax and margin deposits were required
I had succesively deposited over four hundred thousands at XS for five years. Everytime I deposit, the trends goes different direction when I place orders and liquidate. Till today, I suddenly find that the wit cruel oil has different price than other platform for one or two dollars. I ask the customer service, they said that it is due to different systems. I ask customer manager, he does not response. He will response once I ask about deposit. I suspect that this is a clone platform
There is $1,000 in my account balance and I hope you can avoid being cheated.
Do not be deceived by high returns. Now, there fraud platforms always change their name and keep deceving, just like the XS hedging platform
I was cheated of 174,000. The data on their platform are all fake because i later compared them with the data in FOREX. Their tactic is to let you profit deliberately and ask for 20% tax when you want to withdraw. Even if you pay the tax, you'll still have to pay margin. After paying all these money like i did, you still won't be able to withdraw your funds.
I actually thought they were a good company I could trust, everything was going smoothly until they showed me how much of a sham company they are. I have tried to expose the ugliness of the Xinsheng company and it has proven difficult but I got fintrack/org to carry through with the withdrawal process. Investing with Xinsheng was a major setback at the time, they had no empathy whilst perpetuating their evil acts and they will do everything to milk you, asking for payment after payment to process your withdrawal requests and each time you make payment they come up with another reason to ask for more payment.
XS is still deceiving. Hope everyone stays away. It is easy to deposit, but cannot withdraw.
Successfully making profit from this platform, but cannot withdraw a penny. Now, I already report to police and hope that I can get my money back.
You are a shameless broker, cheating mainland people. You claimed to be a member of CGSE, which is a lie. You are just a private organization. My account was closed by this broker maliciously. Account number: 18756500833. I was cheated of over $9,000. I will report u to the Internet Informant Center untill this broker is closed. I don't want this broker to cheat mainland people again
Hello! My account in Hong Kong XS Industry Group Co., Ltd.: 9482740. On September 3, 2021, Hong Kong XS Industry Group APP platform trading software: XS Industry. I placed orders at about 20:25 on the day, and closed two deals after 20:30 and it generates four trading code on the next working day： 92104760TX9482740 0810494729A 92105530TX9482740 0815905627A 92105530TX9482740 0816010688A 92104760TX9482740 0813588286A. For the orders that finishedat XS above, The price has reached the price of my pending order, but Hong Kong Xinsheng Gold Group APP platform trading software: Xinsheng Gold has not executed my pending order price. This caused serious slippage in my transaction orders, and lost nearly half of my profit. I applied to the Hong Kong Trading Market to verify the serious slippage problem, and I look forward to your reply! Thanks!
WikiFX Data provideNote: Regrettably, the official website of XINSHENG, namely https://www.xs9999.com/, is currently experiencing functionality issues.
| XINSHENG Review Summary | |
| Registered Country/Region | Hong Kong |
| Regulation | CGSE (Suspicious Clone) |
| Market Instruments | N/A |
| Leverage | N/A |
| EUR/ USD Spread | N/A |
| Trading Platforms | MT4 |
| Minimum Deposit | $200 |
| Customer Support | Phone and email |
XINSHENG, based in Hong Kong, is a trading platform that offers MT4 as its main trading platform. With a minimum deposit requirement starting at $200, XINSHENG provides clients with three different account types: mini, standard, and high-end. Each account supports EA (auto trading), allowing traders to automate their trading strategies and execute trades based on predetermined parameters.
However, XINSHENG is associated with the CCGSE, which is suspected to be a clone. Furthermore, the inaccessibility of XINSHENG's official website has raised doubts about the reliability of the platform. Reports of difficulties with fund withdrawals, scams, and severe slippage in trading have also been noted.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
| Pros | Cons |
| Multiple account types | CGSE (Suspicious clone) |
| Support for automated trading | Inaccessible website |
| MetaTrader 4 platform | Issues with fund withdrawals |
| Scam and slippage concerns |
- Multiple account types: XINSHENG offers three different account types, allowing traders to choose the one that best suits their investment needs and trading style.
- Support for automated trading: The platform supports EA (auto trading), which can be beneficial for traders looking to automate their trading strategies and take advantage of algorithmic trading opportunities.
- MetaTrader 4 platform: XINSHENG provides clients with the popular MT4 trading platform, known for its user-friendly interface and extensive technical analysis capabilities.
- CGSE (Suspicious clone): XINSHENG is associated with a regulatory body that has been flagged as a suspicious clone, raising doubts about the legitimacy of the broker.
- Inaccessible website: The official website of XINSHENG is not accessible, which can be concerning as it limits users' ability to access their accounts and make trades.
- Issues with fund withdrawals: Reports of difficulties with withdrawing funds from accounts have been raised, indicating potential challenges for clients looking to access their profits.
- Scam and slippage concerns: There have been reports of scams and severe slippage in trading on the XINSHENG platform, highlighting potential risks associated with investing with the broker.
The China Hong Kong Chinese Gold and Silver Exchange Society (“CGSE”) (License Type: Type AA License license number: 081) associated with this broker is believed to be a clone, which is a serious red flag for potential investors. This raises concerns about the legitimacy of the broker and the security of funds.
Furthermore, the fact that the official website of this broker is inaccessible is troubling. A reliable trading platform should have a functioning website that allows users to easily access their accounts and make trades. The lack of access to the website suggests potential technical issues or even a potential scam.
Additionally, there have been reports of customers facing difficulties with withdrawing funds from their accounts, as well as instances of scams and severe slippage in trading. These issues indicate a higher level of risk for investors who choose to engage with this broker. When considering investing with this broker, traders must be cautious due to the concerns surrounding the legitimacy of their licensing and operations, as well as the reported issues with their trading platform and customer experiences.
XINSHENG offers three types of trading accounts: mini, standard, and high-end. The mini account requires a minimum deposit of $200, the standard account requires a minimum deposit of $1,000, and the high-end account requires a minimum deposit of $10,000.
All three accounts support EA (auto trading), which allows traders to automate their trading strategies and execute trades automatically based on pre-set parameters. This can be a useful feature for traders who prefer a hands-off approach to trading or who want to take advantage of algorithmic trading opportunities.
XINSHENG offers the popular MetaTrader 4 (MT4) trading platform for its clients. MT4 is known for its user-friendly interface, advanced charting tools, and extensive technical analysis capabilities, making it a popular choice among traders of all levels of experience. The platform allows for real-time monitoring of market conditions, the execution of trades, and the implementation of various trading strategies.
One of the key features of the MT4 platform is its support for automated trading, through the use of Expert Advisors (EAs) and customizable indicators. This allows users to create and implement their own automated trading strategies, or choose from a wide range of pre-existing EAs available in the MT4 marketplace. This can help traders take advantage of market opportunities even when they are unable to actively monitor the markets.
Additionally, MT4 offers a wide range of order types, including market orders, limit orders, and stop orders, allowing for flexibility in trade execution. The platform also provides access to historical data, economic calendars, and news feeds, which can help traders make informed decisions based on market trends and events.
On our website, you can see that reports of unable to withdraw, scams and severe slippage. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Customers can get in touch with customer service line using the information provided below:
Telephone: 400-666-8236/ 00852-23919633
Email: xs9999.com.hk@gmail.com
In conclusion, while the multiple account types and support for automated trading will be appealing to some traders, the regulatory concerns, inaccessible website, issues with fund withdrawals, and reports of scams and severe slippage in trading raise red flags about the reliability and safety of investing with XINSHENG.
| Question 1: | Is XINSHENG regulated by any financial authority？ |
| Answer 1: | No. It has been verified that this broker currently has no valid regulation. |
| Question 2: | How can I contact the customer support team at XINSHENG？ |
| Answer 2: | You can contact via telephone: 400-666-8236/ 00852-23919633 and email: xs9999.com.hk@gmail.com. |
| Question 3: | What platform does XINSHENG offer？ |
| Answer 3: | It offers MT4. |
| Question 4: | What is the minimum deposit for XINSHENG？ |
| Answer4: | The minimum initial deposit to open an account is $200. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
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2023-01-08 23:07
2022-12-14 10:58
