Score

1.39 /10
Danger

RONGHUI

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.10

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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

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Broker Information

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Company Name

RONGHUI GROUP CO., LTD.

Company Abbreviation

RONGHUI

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

RONGHUI · Company summary
basic-info

General Information

Registered in the United Kingdom, RONGHUI is an online forex broker offering a series of trading instruments, including currency pairs, commodities, index, precious metals.

basic-info

RONGHUI is not authorized or regulated by any regulatory authorities, please be aware of the risk.

Market Instruments

offers its clients access to four classes of trading instruments, including foreign Exchange, Precious Metals, Oil and Indices, all available through this brokerage platform.

Account Types

RONGHUI does not disclose what types of trading accounts it offers, neither the minimum investment amount is mentioned.

Leverage

When it comes to leverage, RONGHUI permits traders to use leverage of up to 1:400, which is significantly higher than the levels regarded appropriate by many regulators.

As leverage can also cause serious fund losses, it is important for inexperienced traders to choose the proper amount that they feel most at ease.

Spreads

Rong Hui hypes it offers extremely competitive spreads, as low as 0.0 pips.

Trading Platform

Rong Hui provides its clients access to the leading MT5 trading platform, one of the most popular trading platforms around the world, which can be accessed on any device, iPhone, Android, and PC. Some features and functionalities of the MT5 trading platform include user-friendly interface, high-customized multiple technical indicators, and robust charting tools, free EA hosting capabilities.

Customer Support

Traders can reach out to Rong Hui about any questions or concerns they may have about their accounts or their trading through the following methods:

Email: Admin@ronghuiforex.com

Other more direct contact channels, like phone support, Skype, Whatsapp, are not available.

Trading Hour

Winter Time: Monday 7 a.m.-Saturday 5.a. m. Summer time: Monday 6 a.m.-Saturday 4.a.m.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.

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User comment

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Maowei
more than one year
I lost 255K USD since working with Ronghui, which is a big scam. Remove Ronghui from your investment list.
I lost 255K USD since working with Ronghui, which is a big scam. Remove Ronghui from your investment list.
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2023-03-03 01:04
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Maowei
more than one year
Never touch on Ronghui because it is a scam. You will lose every cent of your fund. Keep your money far far away from Ronghui. Keep in mind that a well regulated broker is your first choice, however Ronghui is cheating any investor.
Never touch on Ronghui because it is a scam. You will lose every cent of your fund. Keep your money far far away from Ronghui. Keep in mind that a well regulated broker is your first choice, however Ronghui is cheating any investor.
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2023-03-03 01:00
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