Home -
SHANGQUAN -

Score

1.41 /10
Danger

SHANGQUAN

Hong Kong

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://shangquanfx.com/#/

Add brokers

Comparison

Quantity 9

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.26

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

More

Company Name

SHANGQUAN LTD

Company Abbreviation

SHANGQUAN

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2025-05-01
  • 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 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

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

unable to withdraw

Shangquan plaform can't login again and the platform is off now in MT5. i never can't withdraw. i lost my initial capital around 165903$(US). My final benefit is 1368154$(US). They asked me to deposit 15% of all funds.  Now the company is gone. i lost my everything 

charlie122
2022-11-13 10:18
Unable to Withdraw

made the right decision against broker

They had my investment stuck in the account for over a month they were stubborn about releasing it which changed with my picture proof, we use to have daily phone and email contacts until i asked to take out some of my investment in which case they gradually stopped responding to me i don't understand how a broker can be so heartless

Finrecoup-org
2022-11-03 06:50
Unable to Withdraw

Fraudulent broker

This is one platform to be avoided at all cost, the broker steals money from my account and ask me to make a new subscription to get the old investment back, imagine my disappointment when i realised it was a lie withdrawal comes outside of Shangquan The broker only said that to get me to invest. I had a terrible experience with this broker and they've made it difficult to talk about it

Hasegawa
2022-10-31 14:01
Unable to Withdraw

Scam Alert

I attempted to invest a sizable sum of money through this broker. It was really successful in the first month, but after a few months, it becomes nearly hard to close a typical trade. It is very comparable to a casino. They have the ability to just tell you with an excuse after taking all of your money. till AssetsClaimback picked up my ease and assured restoration, customer service was unable to answer promptly this firm have defrauded a lot of people stay away from them

Fx4679443
2022-10-26 03:03
SHANGQUAN · Company summary

Note: SHANGQUAN's official website: https://shangquanfx.com/#/?lang=en-us is normally inaccessible.

SHANGQUAN Information

SHANGQUAN is an unregulated brokerage company registered in Hong Kong. While the broker's official website has been closed, so traders cannot obtain more security information.

Is SHANGQUAN Legit?

SHANGQUAN is not regulated, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with the company.

Is SHANGQUAN Legit?

After a Whois query, we found that this company's domain name is for sale, which shows that SHANGQUAN has not registered it securely.

Is SHANGQUAN Legit?

Downsides of SHANGQUAN

  • Unavailable Website

The SHANGQUAN website is inaccessible, raising concerns about its reliability and accessibility.

  • Lack of Transparency

Since SHANGQUAN does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.

  • Regulatory Concerns

SHANGQUAN is not regulated, which is less safe than a regulated one.

  • Withdrawal Difficulty

According to a report on WikiFX, a few users encountered significant difficulties with fund withdrawals. The issue remained unresolved despite the request being pending for a long time.

Negative SHANGQUAN Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users. Traders must review the information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

Negative SHANGQUAN Reviews on WikiFX

Currently, there are 9 pieces of SHANGQUAN exposure in total.

Exposure. Cannot withdraw

ClassificationUnable to Withdraw
Date2022
Post CountryCanada/United States

You may visit: https://www.wikifx.com/en/comments/detail/202211133792845918.html https://www.wikifx.com/en/comments/detail/202211021322131754.html https://www.wikifx.com/en/comments/detail/202210317062309418.html.

Conclusion

SHANGQUAN Since the official website cannot be opened, traders cannot get more information about security services. In addition, the unregulated status and unregistered domain name indicate that the broker's trading risks are high. Traders can learn more about other brokers through WikiFX. Information improves transaction security.

User Reviews

More

User comment

8

Comments

Write a review

Yueh
more than one year
The company should be providing a good and honest service to clients not tricking clients. Tried to withdraw for months and the customer service didn't respond to any of my emails.
The company should be providing a good and honest service to clients not tricking clients. Tried to withdraw for months and the customer service didn't respond to any of my emails.
Translate to English
2022-12-14 15:35
Reply
0
0
Korkiat64424315
more than one year
Never risk going to this scam web or moving to it. I was happy with trading at first because I was making money, but when it came time to cash out, I couldn't get any of it.
Never risk going to this scam web or moving to it. I was happy with trading at first because I was making money, but when it came time to cash out, I couldn't get any of it.
Translate to English
2022-12-11 16:19
Reply
0
0
9