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Score
Hong Kong
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
Hong Kong Type A1 License Unsubscribed
High potential risk
Influence
Add brokers
Comparison
Quantity 13
Exposure
Score
Regulatory Index0.00
Business Index7.61
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
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Company Name
金道贵金属有限公司
Company Abbreviation
JinDao
Platform registered country and region
Hong Kong
Company website
Company summary
Pyramid scheme complaint
Expose
Scam platform cleared my account.
2018/9/26, JinDao has permanently disabled my MT4, MT5, GTS accounts for no reason. I have been trade since April 2016 until 2018/9 months. The accounts were still in normal use, with a total loss of 700,000 yuan. Now, my accounts were disabled with any notice. I can't find any transaction records with losses before. I hope that JinDao will give me an explanation.
I was induced by their agent to invest in their platform from June to October. They promised me a 100% profit. But I lost a lot after then. Those so-called instructors deliberately gave me wrong directions. I contacted the platform, who said I am not their client at all. This is a scam.
JinDao is a scam. I can’t withdraw on it. They produced some video-verification shit to prevent me from withdrawing. This is a scam!
Both the funding page and the official website are unavailable.
JinDaofroze my account for no reason. I contacted the customer service personnel, and they still don't recognize that is their account. They said they could not find the account. Aren’t the emails that informed the money were successfully deposited into the account sent by them? If the platform changes its name, it will not recognize the former clients, and it is too irresponsible. I hope FXEYES can expose them.
kindo permanently suspended my MT4,MT5 and GTS account for no reason on September 26, 2018/9/26. Since my operation in April 2016 till now, my account is still in normal use with a total loss of RMB 700,000. Now my account is suspended without any sign, and I cannot check any transaction records of previous losses.
The money I deposited would arrive instantly. I applied for a withdrawal, but nothing happened after a day. They told me it would just take 2 hours. The service is cooling me.
Unable to withdraw. Both the customer service and the website is unavailable. Garbage!
After profiting a lot, my application for withdrawal was declined with the reason of wrong bank number.I was asked to pay 10% margin money to withdraw money.I was declined again with the reason of less-than 100 credit score and asked to deposit 35,200 in the platform.As I did so,it succeeded.I received a call from Hong Kong saying that I need to deposit 50,000 yuan to ensure the fund to my account.But the fund still hasn’t arrived.When I inquired if,I was told that a portion of my fund was stuck in the channel because of abnormal trade.Only by depositing 24,800 into the account, can the fund be abnormal.It is an absolute fraud platform.With upholding the banner of high profit,it induces investors to deposit money again and again .I have called the police.Hope you avoid being cheated.
I applied for withdrawal of 7,000 while he said the system was under maintenance and I had to operate at two thirty. And I should refill my bank card info at that time. But I was told that my info was wrong and I should pay to unfreeze my account. I can make sure that my bank card info was right. But when I checked it, there was one more 0. Isn’t it a scam?
It ceased my trading account inexplicably.I was not satisfied with their bad manner!!!The company didn’t solve the my requirement timely,making me lose more than 800000 RMB.So irresponsible JinDao is!!!
Note: JinDao's official website https://pm.gwghk.com/hk/ is currently inaccessible normally.
JinDao Review Summary | |
Founded | 2003 |
Registered Country/Region | Hong Kong |
Regulation | Not Regulated |
Market Instruments | Forex, Metal, Energy |
Demo Account | Not Mentioned |
Leverage | Up to 1:400 |
Spread | From 0.8 pips |
Trading Platform | Meta Trader 4 |
Min Deposit | $100 |
Customer Support | 852 - 3719 2500 |
pmhkcs@gwghk.com |
JinDao is an unregulated financial company offering trading services primarily through the Meta Trader 4 platform, focusing on forex, metal, and energy instruments. The company provides three account types with a minimum deposit of $100 and all offering leverage up to 1:400, and spread starts from 0.8 pips. However, the official website is inaccessible.
Pros | Cons |
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JinDao has a Type A1 License regulated by the Chinese Gold and Silver Exchange Society (“CGSE”) in Hong Kong with a license number of 074.
Regulatory Status | Unsubscribed |
Regulated by | Chinese Gold and Silver Exchange Society (“CGSE”) |
Licensed Institution | 金道貴金屬有限公司 |
Licensed Type | Type A1 License |
Licensed Number | 074 |
JinDao offers many tradable assets, mainly including Forex, Metal, and Energy.
Tradable Instruments | Supported |
Forex | ✔ |
Metals | ✔ |
Energy | ✔ |
Indices | ❌ |
Cryptocurrency | ❌ |
Shares | ❌ |
Options | ❌ |
JinDao offers three distinct account types: Standard, Pro, and VIP. You can refer to the table for details.
Account Type | Minimum Deposit | Spreads | Commissions | Leverage |
Standard | $100 | From 1.8 pips | From $0.07 per lot | Up to 1:400 |
Pro | $500 | From 1.2 pips | From $0.03 per lot | Up to 1:400 |
VIP | $10,000 | From 0.8 pips | From $0.01 per lot | Up to 1:400 |
JinDao offers spreads starting from 1.8 pips, 1.2 pips, and 0.8 pips for Standard, Pro, and VIP accounts respectively. It charges the lowest commissions for VIP accounts from $0.01 per lot.
Account Type | Spreads | Commissions |
Standard | From 1.8 pips | From $0.07 per lot |
Pro | From 1.2 pips | From $0.03 per lot |
VIP | From 0.8 pips | From $0.01 per lot |
Trading Platform | Supported | Available Devices | Suitable for |
Meta Trader 4 | ✔ | PC and Mobile | Investors of all experience levels |
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