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ChaoShang -

Score

7.34 /10
Good

ChaoShang

Hong Kong

5-10 years

Regulated in Hong Kong

Dealing in futures contracts

Suspicious Scope of Business

Suspicious Overrun

Medium potential risk

http://www.chaoshangsec.com/Default.asp

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Score

Regulatory Index7.27

Business Index7.78

Risk Management Index8.22

Software Index6.54

License Index7.27

Time Machine
Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

ChaoShang Financial Holding Limited

Company Abbreviation

ChaoShang

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2025-02-01
  • This broker exceeds the business scope regulated by China Hong Kong SFC(license number: BIY456)SFC-Advising on securities Non-Forex License. Please be aware of the risk!

WikiFX Survey

ChaoShang

Hong Kong

WikiFX Verification

ChaoShang · Company summary
ChaoShangReview Summary
Founded2016
Registered Country/RegionHong Kong
RegulationSFC
Market InstrumentsStocks, Securities, Futures, Options
Demo Account/
Trading PlatformTeochew Securities Trading Web
Min Deposit/
Customer SupportTel: (852) 3899 2599, (852) 2152 0878
Email: cs@chaoshangsec.com
Address:China Resources Building, 26 Harbour Road, Wan Chai, Hong Kong Room 2206-10

ChaoShang is a dealer regulated by the SFC, established in 2016. It offers a variety of market instruments including stocks, securities, futures, options, and asset management for both individual and corporate clients via a web-based platform.

ChaoShang's homepage

Pros and Cons

Pros Cons
Regulated by SFCLimited info on trading conditions
Multiple trading assets

Is ChaoShang Legit?

If you choose to trade Hong Kong futures with this company, you will have a certain level of safety assurance because it is regulated by the SFC; however, if you want to engage in securities trading, it is not recommended because the securities exchange claims to hold an SFC license that is currently in a state of “exceeding limits of operation” and is not an effective regulation.

Regulated CountryRegulated AuthorityCurrent Status License TypeLicense No.
Hong Kong
Securities and Futures Commission of Hong Kong (SFC)RegulatedDealing in futures contractsBGH629
Hong Kong
Securities and Futures Commission of Hong Kong (SFC)ExceededAdvising on securitiesBIY456
Regulated by SFC
Exceeded SFC license
Domain information

What Can I Trade on ChaoShang?

Tradable Instruments Supported
Stocks✔
Securities✔
Futures✔
Options✔
Forex❌
Commodities❌
Indices❌
Cryptocurrencies❌
Bonds❌
ETFs❌

Trading Platform

ChaoShang supports Teochew Securities Trading Website as the trading platform.

Trading PlatformSupported Available Devices Suitable for
WebTrader✔Web/
WebTrader

User Reviews

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User comment

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Comments

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Sasawinner
more than one year
I've had experience with several brokers, and ChaoShang stands out in many aspects. Considering the complexity of trading, ChaoShang provides a variety of user-friendly trading tools to enhance the overall trading experience. It's worth noting that their customer service is prompt and intervenes when needed. Assisting and guiding individuals to succeed in their trades seems to be their primary focus. Withdrawals are also processed in record time. I wish I had known about them from the beginning of my trading journey!
I've had experience with several brokers, and ChaoShang stands out in many aspects. Considering the complexity of trading, ChaoShang provides a variety of user-friendly trading tools to enhance the overall trading experience. It's worth noting that their customer service is prompt and intervenes when needed. Assisting and guiding individuals to succeed in their trades seems to be their primary focus. Withdrawals are also processed in record time. I wish I had known about them from the beginning of my trading journey!
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2024-01-03 17:58
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