Score

1.57 /10
Danger

LIGFX

New Zealand

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

New Zealand Financial Service Corporate Revoked

Suspicious Overrun

High potential risk

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Comparison

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Exposure

Time Machine
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Score

Regulatory Index0.00

Business Index7.47

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • New ZealandFSPR (license number: 330706) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

LIGFX · Company summary

Note: LIGFX is to operate via the website - https://www.ligfx.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

New Zealand FSPR (license number: 330706)s regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

LIGFX, a trading name of LONGHOU INVESTMENT GROUP, is allegedly a forex and CFD broker registered in New Zealand that claims to provide its clients with various tradable financial instruments on the MetaTrader4 and MT4 Mobile trading platforms. Here is the home page of this brokers official site:

General Information & Regulation

As this brokerage's website cannot be accessed, we were unable to obtain further details about its leverage, spreads, minimum deposit, etc.

As for regulation, it has been verified that LIGFX holds a revoked Financial Service Providers Register (FSPR) license. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.50/10. Please be aware of the risk.

General Information & Regulation
General Information & Regulation

Market Instruments

LIGFX advertises that it offers trading of currencies, CFDs and commodities.

Account Types

LIGFX offers demo and live accounts. However, we didnt find any information on the minimum initial deposit requirement to open an account.

Trading Platform Available

The platform available for trading at LIGFX is one of the most notable and preferred trading platforms the market offers - MetaTrader4 and MT4 Mobile. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

Customer Support

LIGFX‘s customer support can be reached by telephone: +64-9302-0530, email: service@longhoufx.com. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.

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FX1380211308
more than one year
Trash broker and trash account manager. He asked many times for more investment which I refused because most of the trades he made lost money. When I called him out on this he said he would no longer run my account, later that day the last position that had been doing well was suddenly closed and virtually all the investment is gone!!!
Trash broker and trash account manager. He asked many times for more investment which I refused because most of the trades he made lost money. When I called him out on this he said he would no longer run my account, later that day the last position that had been doing well was suddenly closed and virtually all the investment is gone!!!
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2023-03-15 09:53
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