SHANG YIN-Some important Details about This Broker

General Information

SHANG YIN NETWORK INTERNATIONAL LIMITED was incorporated on 02-AUG-2017 as a Private company limited by shares registered in Hong Kong. Its company registration number is: 2562505. The date of annual examination for this private company limited is between Aug 02 and Sep 12 upon the anniversary of incorporation. As so far the company has been running for 4 years 4 months, and 0 days. The company is “Live” now.

Products Offered

SHANG YIN NETWORK INTERNATIONAL LIMITED offers gold (spot gold) and silver (spot silver) trading services.

Negative Reviews

There are large number of negative reviews concerning this broker. A trader posted what he had encountered on this platform. He was attracted by a beauty who was actually a manager of this company, and this beauty by showcasing huge amount of profits she earned and then kept advising him to make deposits constantly, while only $24 was left in his account at last. This tactic is widely used by scam brokers or fraudsters to extract all available funds from victims.

What to do If Scammed？

First and most important, immediately file for a charge back with your credit card company. Fortunately, since October MasterCard extended the period, in which you will be able to do that to 540 days, while VISA plans to adopt the same rule in December. Currently the charge back period with VISA is only 180 days.

If the fraudsters have tricked you to tell them your credit card number or online banking password, be sure to immediately cancel your credit card and change the password for your banking service.

Finally, if scammers have stolen money from you, do not waste any more of your funds by contacting the so called recovery agencies. They will not render you any service, but will simply collect an upfront payment and will leave you even more miserable.