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Chancellor Precious Metals -

Score

1.60 /10
Danger

Chancellor Precious Metals

Hong Kong

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://www.cpm888.com/en/index.aspx

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Comparison

Quantity 27

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.66

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

Broker Information

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Company Name

Chancellor Precious Metals

Company Abbreviation

Chancellor Precious Metals

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2025-05-03
  • 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 24 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

27 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw. Customer service numbers are all empty.

Now I can’t withdraw the funds. On July 10, they issued an announcement saying that the follow-up of the withdrawal would be arranged on the 21st. Until now, I can’t log in to the customer center.

WANG6734
2023-07-17 20:09
Unable to Withdraw

withdrawal

The customer service of Zhuohua Precious Metal Co., Ltd. is not responding now, and my phone number has been blacked out. Please be careful with the Zhuohua Precious Metal Co., Ltd. platform. To promote established securities firms is to seize our mentality and deceive investors, and stay away from them.

67330
2023-06-04 13:58
Unable to Withdraw

Chancellor Precious Metals as a trader should refund ASAP

Chancellor Precious Metals, through Parry Capital (the so-called institutions) teamed up to attract mainland investors. I started depositing in USDT from December 11, 2022. There is a Chancellor Precious Metals receipt certificate for the deposit, and the total deposit is nearly 130,000 USDT. In March 2023, Chancellor Precious Metals stopped trading and has not returned my investment funds, and the customer service has not explained in detail. Chancellor Precious Metals, return investment funds ASAP.

HUANGXIANSHENG4154
2023-07-25 19:29
Scam

Chancellor Precious Metals and MSR defrauded customers, misappropriated customer funds, and failed to withdraw.

Chancellor Precious Metals and MSR defrauded customers and misappropriated customer funds without withdrawing. They modify the background data, close the settlement channel, harm investors, and refuse to pay out money. The current address is the entrance to the official website of Chancellor Precious Metals. On March 15, MSR changed the deposit address. I went to MSR to find a theory. MSR kept delaying, saying that their executives had been arrested. So can you embezzle client funds? On September 18, MSR shut down the network and ran away, always saying that it would negotiate to withdraw. It’s a scam platform, everyone, keep your eyes peeled. Not allowing withdrawals, they are extremely shameless.

MIAOWUQIHUANG
2023-11-08 19:04
Chancellor Precious Metals · Company summary

Currently, the official website of Chancellor Precious Metals(http://www.cpm888.com/en/index.aspx) is inaccessible.

Chancellor Precious Metals Review Summary
Founded2008
Registered Country/RegionHong Kong
RegulationUnregulated
Market InstrumentsLoco London Gold, Loco London Silver, RMB Kilo Gold Bar
Demo Account×
SpreadLoco London Gold: $0.05Loco London Silver: $0.04RMB Kilo Gold Bar: ¥0.2
Trading PlatformMT4 Desktop, MT4 Mobile
Min Deposit$200
Customer SupportPhone: +852 2545 1800
Email: cs@cpm888.com
24/7 Online Chat: Not provided
Physical Address: Room 601, Tins Enterprises Centre, 777 Lai Chi Kok Road, Cheung Sha Wan, Kowloon

Chancellor Precious Metals Information

Established in 2008, Chancellor Precious Metals is a trading corporation situated in Hong Kong under regulation. It focuses in trading RMB Kilo Gold Bars, Loco London Gold, and Loco London Silver. The platform calls a minimum deposit of $200 and enables MT4 trading.

Chancellor Precious Metals Information

Pros and Cons

ProsCons
Specialized trading precious metalsNo demo account available
Uses MT4, a widely accepted trading platformNo 24/7 customer support
Unregulated

Is Chancellor Precious Metals Legit?

Chancellor Precious Metals is unregulated.

Is Chancellor Precious Metals Legit?

What Can I Trade on Chancellor Precious Metals?

Focusing on precious metal trade, Chancellor Precious Metals provides RMB Kilo Gold Bar, Loco London Gold, and Loco London Silver.

Tradable InstrumentsSupported
Forex❌
Commodities✔ (Precious metals only)
Indices❌
Shares❌
CFDs❌

Account Types

Chancellor Precious Metals offers only one type trading account. It requires a minimum deposit of $200.

The platform does not offer a demo account or Islamic account.

Real AccountMinimum deposit: $200

Chancellor Precious Metals Fees

Spreads and Commissions

  • Loco London Gold: Spread $0.05, Commission $50 per lot
  • Loco London Silver: Spread $0.04, Commission $50 per lot
  • RMB Kilo Gold Bar: Spread ¥0.2, Commission ¥100 per lot
InstrumentSpreadCommission
Loco London Gold$0.05$50 per lot (open trade)
Loco London Silver$0.04$50 per lot (open trade)
RMB Kilo Gold Bar¥0.20¥100 per lot (open trade)

Swap Rates

  • Loco London Gold: $12/day for Long (Buy), $2/day for Short (Sell).
  • RMB Kilo Gold Bar: ¥16.50/day for Long (Buy), ¥8.50/day for Short (Sell).

Trading Platform

Chancellor Precious Metals provides the MT4 trading platform.

Trading PlatformSupportedAvailable DevicesSuitable for
MT4 Desktop✔Windows, MacAll trader types
MT4 Mobile✔iOS, AndroidBeginner to advanced
MT4 Web❌--

Deposit and Withdrawal

The minimum deposit required by Chancellor Precious Metals is $200; users need to deposit money into the authorized bank account of the business.

Deposit OptionsMin. DepositFeesProcessing Time
Bank Transfer$2003% (tentatively absorbed)1-3 Business Days
Online Payment$2003% (waived with volume met)Instant

User Reviews

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User comment

4

Comments

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inter 俊
more than one year
A friend persuaded me to try Chancellor Precious Metals and I am so grateful I listened! It is a reliable broker with decent trading conditions and a wide range of precious metals on offer. What makes it stand out is its phenomenal customer support team. All my queries were answered in minutes, and I felt like I was treated with the utmost respect and professionalism.
A friend persuaded me to try Chancellor Precious Metals and I am so grateful I listened! It is a reliable broker with decent trading conditions and a wide range of precious metals on offer. What makes it stand out is its phenomenal customer support team. All my queries were answered in minutes, and I felt like I was treated with the utmost respect and professionalism.
Translate to English
2023-03-16 18:18
1
0
0
FX1707711665
more than one year
As a trader who values security and reliability, Chancellor Precious Metals' platform meets my needs with its solid regulatory backing from CGSE. The ability to trade Loco London Gold and Silver, and RMB kilo gold bars, with straightforward commission structures, is a plus for conservative traders like myself. The platform's MT4 interface offers robust charting tools and efficient order execution, ideal for executing precise trades. While the range of products is somewhat limited, the educational resources and market analysis provided help bridge the gap. Customer support, though responsive, could benefit from more proactive engagement during peak trading hours.
As a trader who values security and reliability, Chancellor Precious Metals' platform meets my needs with its solid regulatory backing from CGSE. The ability to trade Loco London Gold and Silver, and RMB kilo gold bars, with straightforward commission structures, is a plus for conservative traders like myself. The platform's MT4 interface offers robust charting tools and efficient order execution, ideal for executing precise trades. While the range of products is somewhat limited, the educational resources and market analysis provided help bridge the gap. Customer support, though responsive, could benefit from more proactive engagement during peak trading hours.
Translate to English
2024-07-16 18:12
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