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No Regulation
Score
1.49 /10
Danger
NEW HONGSHENG LIMITED
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Quantity 22
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.86
Risk Management Index0.00
Software Index4.00
License Index0.00
The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
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Warning: Low score, please stay away!
3
Previous Detection :
2025-05-13
- 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 20 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
Exposure
22 pieces of exposure in total Pyramid scheme complaint
ExposeGeneral Information
NEW HONGSHENG LIMITED., or New Hongsheng FX, is a forex brokerage based in the United Kingdom, engaging in providing clients with various financial products and services. The broker has offices in Zurich, Hong Kong, Dubai and Tokyo as well.
Market Instruments
New Hongsheng offers investors a range of financial instruments including forex currency pairs, commodities, indices, precious metals.
Leverage
New Hongsheng provides up to 1:1000 in leverage.
Spreads & Commissions
The benchmark EUR/USD spread floats around 0.2-0.3 pips, and no commission is applied.
Trading Platform Available
New Hongsheng provides clients with access to the worlds financial markets through the MetaTrader 5 (MT5) platform which is used by millions of traders around the globe.
Deposit & Withdrawal
New Hongsheng hasnt made available payment methods clear on their website. Brokers which accept VISA and MasterCard are recommended because these major card providers allow chargebacks within a year and a half from the date of deposit to those investors who have fallen victim to a scam.
Customer Support
If clients have any questions or concerns, please email at support@newhongshengfx.com for consultation.
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