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XINHUIBAO -

Score

2.35 /10
Danger

XINHUIBAO

Hong Kong

5-10 years

Suspicious Regulatory License

MT4 Full License

Regional Brokers

High potential risk

http://www.91pme.com

Influence

C

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Comparison

Quantity 26

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.53

Risk Management Index0.00

Software Index9.16

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

鑫汇宝贵金属有限公司

Company Abbreviation

XINHUIBAO

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-09-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 26 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

26 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

Fraud platform

Severe slippage. Stay away from it.

2021-09-16 20:25
Unable to Withdraw

Unable to withdraw

Unable to withdraw. Do not trade on it. The scam company rejected withdrawals. Do not trade on it.

2021-11-04 21:52
Unable to Withdraw

Deny withdrawal by various reasons. All pofit were erased. The principle is not given either.

All information is provided as requested by their platform. Just don't let it withdraw. This is an organized and premeditated fraud platform. Please stay away from scam platforms.

2022-09-23 16:53
Unable to Withdraw

The principal has not returned since 2022.3.1

This is a scam platform. The account and backend are restricted or unable to operate. Also, the withdrawal is unavailable. The customer manager had lost the contact for mroe than 1 year. Do not return the principal. Please all investors stay away from fraud platform.

2023-04-23 12:28
Others

Unable to modify the TP and SL, often lag, control the transaction

and occasionally and cannot close the position

2021-05-07 21:17
Severe Slippage

XINHUIBAO manipulated on the candlestick.

During the trading on May 21st, when the price of Loco came to $1817.8/ounce, XINHUIBAO manipulated on it to rip clients off.

2020-05-23 22:51
Unable to Withdraw

Not allowed to withdraw funds for two years, and my principal has not been paid.

They have not allowed withdrawals for two years, and they have not given back the principal, nor allowed account operations. The platform also operates accounts at will. This is the first time I have seen such a fraudulent platform.

2023-08-31 19:27
Scam

XINHUIBAO ripped clients off by manipulation.

XINHUIBAO used virtual trading to make clients suffer losses, during that, the fund was flowed into private accounts instead of market. Clients’ funds are doomed. When they argued with the platform, it shirked the responsibility and then deleted their trading accounts.

2020-04-07 13:53
Unable to Withdraw

The withdrawal on

The minimum withdrawal totaled $500. It was a scammer. Do not join it.

2021-10-27 19:51
Severe Slippage

Draw a dot, change the k-line

The dots are serious, and the k-lines are changed at will. It has been two years, and the customer service has not been resolved.

2023-05-27 17:11
Severe Slippage

Severe slippage. Fraud platform

The slippage is up to 20 pips! I feel upset about the customer service's attitude when they handled my issues as ab old customer of this platform. I exposed them here and hope u can acoid being heated! You should think twice if u wanna invest here!

2021-01-08 17:21
Others

Exposure on dealing-desk platform XINHUIBAO

One can see from the pic that XINHUIBAO gave no reply to my compliant. XINHUIBAO self-proclaimed to be regulated by CGSE and the fund will be managed by third party. Actually, it earns membership fee by inveigling clients to deposit fund. And hope know the truth about CGSE. XINHUIBAO is facade company, in which clients’ fund is transferred into private accounts. How could the fund regulated by the governmental organization transferred into facade company? It is simply a dealing-desk platform. I must have it on exposure.

2020-04-10 19:22
Others

Can't close positions

There are some problems. Can't close positions! The platform doesn't allow me to close positions!

2020-09-23 10:56
Unable to Withdraw

The platform finds various reasons not to allow withdrawals

There are various reasons for users to continue depositing money, but they cannot withdraw money without depositing. Of course, it’s the same trick after depositing.

2023-09-11 17:26
Unable to Withdraw

Withdrawal has not arrived for several months

This is a fraud platform and scam platform that does not allow to withdraw after making profit. The login is suspended and the principle will not be returned. There is order in the account but cannot closed. Everyone stays away from this scam platform.

2022-11-11 12:47
Scam

XINHUIBAO is a rip-off.

In July, 2017, seeing the advertisement of XINHUIBAO , I filled my information online. Then a customer service Xiao Cui(WeChat;A63****36; Number: +852 **** 0688) introduced the company. I was tempted and deposited $2000. Without any basic knowledge, I followed the guidance of the customer service. Having profited 10 thousand dollars, I began to make constant losses. As of October, the loss is up to 800 thousand dollars. With a friend’s help, I consulted an attorney, who told me that is a scam platform, in which fund flows into private accounts. XINHUIBAO could manipulated on the trading software. Thus, clients’ fund is doomed. XINHUIBAO used the following account as receipts: Beijing fangjie huitong technology co., LTD., guizhou xingxing chanyao trading co., LTD., well-known electronic technology, zhuhai city nong jue trading co., LTD., etc., with company and private accounts and huge amounts of unknown accounts.

2020-04-17 15:28
    XINHUIBAO · Company summary
    Registration China Hong Kong
    Regulated Hong Kong CGSE AA license
    Years of establishment 5-10 years
    trading products London gold, London silver
    Minimum Initial Deposit $50
    maximum leverage unknown information
    minimum spread London Gold: $50 per lot, London Silver: $200 per lot
    trading platform unknown information
    Deposit and withdrawal method not applicable
    customer service Email/telephone number/address/QQ/fax
    Fraud Complaint Exposure have

    general information and XINHUIBAO · XINHUIBAOSupervision

    XINHUIBAO· XINHUIBAO It is an online precious metal dealer, focusing on the trading of gold and silver in London, and currently holds a Hong Kong cgse aa license.

    In the following article, we will analyze the characteristics of this trader from all aspects to provide you with simple and organized information. If you're interested, read on.

    At the end of the article, we will also briefly extract the most important advantages and disadvantages, so that you can understand the characteristics of the broker at a glance.

    基本信息

    market tool

    XINHUIBAO· XINHUIBAO The market provided is very precise and only for those customers who are interested in London gold and London silver. So if you are looking for instruments such as currency pairs, commodities, etc., XINHUIBAO · XINHUIBAO It is difficult to meet your request.

    and XINHUIBAO · XINHUIBAOSpreads and commissions on trades

    at present XINHUIBAO · XINHUIBAO The commission-free policy is implemented, and in terms of spreads, the spread of London gold is 50 US dollars per lot, and the spread of London silver is 200 US dollars per lot.

    image.png

    XINHUIBAO · XINHUIBAOaccount type

    demo account: XINHUIBAO · XINHUIBAO A demo account is provided to allow you to try out the financial market situation without the risk of loss.

    Live account: XINHUIBAO · XINHUIBAO There are 3 account types available: Mini, Standard and Premium. The minimum deposits to open an account are $50, $2,000, and $20,000. If you are still a beginner and do not want to invest too much money in foreign exchange trading, the mini account will be the best choice for you. But we should also realize that too little capital will not only reduce losses, but also reduce profitability. As a result, you may find it "not exciting" or profitable. Additionally, accounts with smaller initial deposits tend to have poorer trading conditions.

    image.png

    XINHUIBAO · XINHUIBAOProvided trading platform

    XINHUIBAO· XINHUIBAO There is no information about its trading platform, but from the perspective of peers and the website as a whole, it should be a trading platform developed by itself.

    XINHUIBAO · XINHUIBAOMaximum Leverage Offered

    exist XINHUIBAO · XINHUIBAO No information on trading leverage can be found on the website of . Some foreign exchange brokers offer a leverage ratio as high as 1:500, but new users are advised to be cautious with such a high leverage ratio.

    Deposit and withdrawal methods and fees

    The specific information of deposit and withdrawal is explained in more detail on the official website, but it is somewhat complicated. Withdrawal by bank wire transfer takes 2-3 working days, and a single withdrawal of less than $50 will charge a $3 handling fee.

    image.png

    about XINHUIBAO · XINHUIBAOeducational resources

    A range of educational resources are available at XINHUIBAO · XINHUIBAO Obtain learning materials such as strategic research, international finance, institutional views, market dynamics, daily evaluation, fundamental knowledge, technical knowledge, investment skills, and video learning.

    image.png

    XINHUIBAO · XINHUIBAOcustomer service provided

    The following is about XINHUIBAO · XINHUIBAO More details on customer service

    Language: Simplified Chinese, Traditional Chinese

    Tel: 24h customer service: 852-38920666 Transaction service: 852-38920610／852-27809268

    Email: info@91pme.com

    Enterprise QQ: 4006251106

    Company Address: Room 1512-1515, 15th Floor, Metropolis Building, 10 Metropolis Road, Hung Hom, Kowloon, Hong Kong

    Fax: (852) 39555199

    we are atWikiFXreceived on XINHUIBAO · XINHUIBAOComplaint

    On our site, you can see that some users have reported scams. Please be careful and cautious when investing. You can check out our platform to find out before trading, if you have come across such a fraudulent broker or have been a victim of one, please let us know in the exposure section, we will be very grateful and our team of experts will do everything possible solve the problem for you.

    image.png

    XINHUIBAO · XINHUIBAOpros and cons

    advantage

    Educational Resources

    well regulated

    disadvantages

    too many complaints

    lack of information

    Few deposit and withdrawal methods

    No MT4/MT5

    no copy trades

    There are few products available for trading

    about XINHUIBAO · XINHUIBAOFrequently Asked Questions

    Is this broker regulated?

    Yes, currently it holds a CGSE license in Hong Kong.

    I can be in XINHUIBAO · XINHUIBAO Trading those financial products?

    You can trade London Gold and London Silver.

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