Fenghe

Fenghe Information

Based in Iceland, Fenghe is a non-regulated brokerage providing a spectrum of market instruments including stocks, currencies, bitcoin, and commodities. It offers London Gold, Gold T+D, Paper Gold, and Physical Gold Accounts among numerous account kinds. Fenghe is open to different investors since it does not need a minimum deposit.

Pros and Cons

Is Fenghe Legit?

Fenghe is uncontrolled, thus it is not under control by acknowledged financial agencies such as FCA or ASIC. Since the broker is not answerable to any set of rules, traders run more danger without control.

Fenghe's domain (fengheltd.com) was registered lately on May 7, 2023, and is active based on WHOIS data; nonetheless, its short operational history calls questions regarding its legitimacy.

What Can I Trade on Fenghe?

Fenghe provides a range of trading possibilities, mostly concentrated on the gold market and cryptocurrencies. They also give access to other conventional instruments including commodities and currencies.

Account Types

Fenghe provides several accounts. Designed for traders seeking maximum leverage, London Gold Account provides leverage up to 1:101. Gold T+D Account gives reduced 1:12.5 leverage. Neither a physical nor a paper gold account would be appropriate for conservative traders with large investment funds without any leverage.

Leverage

For its London Gold Account, Fenghe offers leverage ranging up to 1:101. For other accounts like Gold T+D, lower leverage is provided. Although leverage raises possible earnings, it also raises possible losses, hence using leverage should be done with great care.

Trading Platform

Fenghe offers the SirixStation-Fenghe platform, available for both PC and Android users. It is known for its simplicity, flexibility, and built-in risk control features.

Deposit and Withdrawal

The platform allows several ways of making deposits and withdrawals.

Deposit Options

Withdrawal Options