Score
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 22
Exposure
Score
Regulatory Index0.00
Business Index6.69
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
NEW HONGSHENG LIMITED.
Company Abbreviation
NEW HONGSHENG LIMITED
Platform registered country and region
United Kingdom
Company website
Company summary
Pyramid scheme complaint
Expose
NEW HONGSHENG LIMITED is a fraud company. Unable to withdraw
Just started to guide me to play. Give me inside information every day, and then I was asked to add money on grounds of bullish market. After profiting, I can’t withdraw funds.
Askme to open this account to facilitate my friends to remit money, but the money would go in and I asked for a deposit of 5,000 US dollars when it was submitted. The deposit was transferred but the money could not be successfully submitted. I had to remit a 5,000 yuan security deposit. I remit a total of NT$230,000, this is simply a fraud
I have spent a significant amount of time in the Demo environment, but I have also put in some money into the live environment. I have so far lost about 250k which I initially attributed to my inexperience. However, i had an exchange with one of their support staffer/ broker who after a successful series of trades, I requested to withdraw my profits. I then continued to trade and ended up with a Margin call. They immediately took funds out of the pending withdrawal which had been requested two days prior and refused to release any of my capital after that.
Ask me to open an account here to ease remittances to my friends. But then I was required to pay a margin of $5,000
Everyone should pay attention to this app. First of all, you are not allowed to spend money in the early stage, and dividends will be distributed to you every day. But later you will be asked to continue to invest
They are so bad. They dare to close the website. I asked the customer service how I can get my money back and I was told that I should deposit another $5,000 to get my money. So I tried to login to the account to see my account balance on about June 7. However, I failed. So I contacted Mr. Wu via LINE, but he said some bad words to me. I hope someone can help me recover my money
I was lured to invest USD 100K to do forex trading on Gold XAUUSD. The person claimed as a Forex trading analyst in Hong Kong HSBC,who can help me to make a big profit. This person demonstrated what he was doing in his fake account, but then disappeared after les than two weeks as soon as I deposit $100,000 into the trading account via bank wire transfer. I didn't make any loss in that trading account. Review from someone here to open a case with financialrecovery.tech helped to recover some of my losses and also exposed how New Hongsheng have been redirecting investors funds for their own selfish interest.
The liar induces people to deposit funds and the software is a virtual disk, and it has been manipulated manually. Now hey absconded
NEW HONGSHENG LIMITED is a scam company that can only deposit money but cannot withdraw money. It is a fraud company with no foreign exchange trading license. Financial investigators have confirmed that the fake company is from Malaysia.
The fraud said she was an analyst and made your profit at first to win your trust. The web seemed to be legal. But after you deposit funds, they disappeared. And the company rejected your withdrawals. I exposed photos of the fraud and her child who she used to win your pity. Do not be fooled. The last photo is her sister, who claimed herself to be a Senior analyst and gave accurate forex info
The scammer induced that he was an analyst at HSBC in Hong Kong, logged into the MT5 platform to operate, and used speculation in XAU/USD and foreign exchange to pretend to make profits and defrauded of trust. The web page looks very formal. After defrauding u to deposit, they immediately find a reason and disappear. newhongsheng fx company refused to withdraw, and all the principal was cheated. I post pictures of scammers and children, and scammers use children to deceive sympathy and trust. Don't be fooled. The last photo is the older sister of the film, who falsely claims to be a senior analyst and can give accurate foreign exchange information. All are fake!
$1 million 5. Wipe out my account directly. Fake data. The data decreased directly from 1855 to 1800. It dropped by 50 points directly, and there is no rebound.
I tried three times before and the withdrawal was 1000.100.110. Can not withdraw funds. The results were all rejected. Later, I used a personal check to remit 120 to me. I won't play anymore. First, I can't withdraw funds after I withdrew 5000 yuan. I was told that my turnover is not enough so I have to continue playing.
It is evident that New hongsheng absconded with every investors money right after a bank transfer is made to their account. it is so sad that i did not research well before sending my hard earned money to this platform. I invested in two companies as at January 16th 2021 cryptoassetsbay.tech and New Hongsheng limited. My investment is still doing really well with cryptoassets and i am still amazed how New hongsheng where i invested a larger capital absconded with my money. i hope the authorities can find these scammers on time.
On impulse I invested a token to try out trading on their platform. I then traded with them for months with a huge amount. When I asked for a withdrawal life got difficult! Like other reviewers, I was swamped with phone calls and emails encouraging me to trade and they are good talker. they asked me to pay withdrawal fee/commission. In addition I had to provide passport and credit card I.D., a utility bill etc. The whole thing was a nightmare. This is a company belonging to the Magnum group, with FAKE address and not register to any regulatory body. don’t trust this company with your money. with your proof of payment, write to financialrecovery.tech and file a complaint to help you get your withdrawal issues sorted and get your money back. NEW HONGSHENG LIMITED is not to be trusted, you will keep losing funds because they are banking on showing you losing trades and moving away with your funds afterwards.
General 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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