WikiFX Review: Bohua technology—Why do many investors feel irritated by this broker.

About Bohua technology

Registered in the United Kingdom, Bohua Technology is brokerage firm, offering an array of trading options in the global markets, including currency pairs, precious metals and more.

Leverage

The maximum trading leverage offered by Bohua Technology is up to 1:100. Some people may hold that this level is conservative, however, leverage can magnify gains as well as losses. It is essential that forex traders select the level of leverage that they feel most at ease with. Professional traders and scalpers prefer to use high leverage to increase their chance of profitability.

Spreads & Commissions

Bohua Technology says that it offers a low spread trading environment, with spread on major pairs as low as 0.0 pips. Spreads are used to compute all trading costs by traders now, so forex brokers who offer competitive spreads are in significant client demands. No commission details are mentioned on this brokerage website.

Trading Platforms

Bohua Technology offers its clients to trade on the leading MT5 trading platform that can be accessed on any device. In addition to providing access to currency and stock market trading, MT5 also allows users to perform technical and fundamental analysis, and it is a fantastic choice for experienced traders thanks to its extensive set of indicators, several charting options, and numerous order types.

Deposit & withdrawal

Concerning deposit and withdrawal, Bohua Technology is vague on this part. Popular payment options supported by most brokerage firm include Wire Transfer, Credit/Debit Cards, as well as a series of e-wallet processors including Skrill, Neteller, PayPal and more.

Customer Support

Bohua Technology seems to offer dedicated and multilingual customer support, as traders who have any trading related issues can have quick access to their online chat service. And they can also be contacted through email: service@sunrayforex.com. Besides, Line is available for any problems.

Company Address: Unit 12, Ravenswood Industrial Estate, Shernhall St, London E17 9HQ.

Regulation: Is Bohua technology legit？

Bohua technology is not a regulated broker. This means that this broker doesn‘t hold a legitimate license. WikiFX has given this broker a fairly low score of 1.10/10. Please note that unlicensed broker with low Wiki score is more likely to defraud investors’ money. The NFA regulation with license number 0548029 claimed by this broker is a suspected fake clone.

Exposure

On WikiFX, the Exposure consists of feedback from traders. A bad track record of brokers can be checked via Exposure. WikiFXs Exposure function helps you get feedback from other traders and remind you of the risks before it starts.

As of September 26, 2022, WikiFX has received 7 complaints related to this broker within 3 months.

Below are some of the exposures that we want to show you. The biggest problem that this broker has is withdrawal refusal.

Conclusion:

Due to too many complaints, we advise our fellow traders to avoid this broker. WikiFX will keep an eye on this broker so it can alert you about the potential risks. Protecting the legitimate rights and interests of forex traders is always the primary concern of WikiFX. WikiFX exposed this case to the public to remind all traders of the potential risks. All traders should be vigilant when investing in a broker.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!