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Well-regulated by Hong Kong authorities, providing a level of trust and security for traders.

Offers a variety of trading instruments, including forex, CFDs, commodities, and indices.

Established broker with a long history in the industry, enhancing its credibility.

Does not support popular trading platforms like MetaTrader 4 or MetaTrader 5, which may limit trading options for some users.

No insurance for clients, which could pose a risk in case of broker insolvency.

Customer support ratings are relatively low, indicating potential issues with responsiveness and assistance.

Shengteng broker Accounts

Shengtong FX Account Type

Shengtong FX offers three types of trading accounts tailored to different trading needs:

Minimum Deposit: $100
Leverage: Up to 1:100
Spreads: Fixed spreads starting from 2 pips for forex pairs.
Tradable Instruments: Major currency pairs, a selection of popular indices, and commodities.
Additional Features: Access to a dedicated account manager for personalized support and daily market analysis.

Minimum Deposit: $1,000
Leverage: Up to 1:200
Spreads: Variable spreads starting from 1 pip for forex pairs.
Tradable Instruments: Extended range of forex pairs, major and minor indices, commodities, and a selection of individual stocks.
Additional Features: Access to a senior account manager, advanced trading platforms, and educational resources.

Minimum Deposit: $10,000
Leverage: Up to 1:1000
Spreads: Competitive variable spreads starting from 0.5 pips for forex pairs.
Tradable Instruments: Full range of forex pairs, global stock indices, major commodities, individual stocks, and a wide selection of cryptocurrencies.
Additional Features: Dedicated senior account manager available 24/7, VIP educational resources, and exclusive trading signals.

To open an account with Shengtong FX, follow these steps:

Choose Account Type: Decide which account type (Basic, Advanced, or VIP) best suits your trading needs based on the minimum deposit and features.
Register Online: Visit the Shengtong FX website and fill in the registration form with your personal information, including name, email, and phone number.
Submit Required Documents: Provide necessary documentation for identity verification, such as a government-issued ID and proof of address.
Account Verification: After submission, the broker will process your application, which may take a few minutes to a couple of days for verification.
Deposit Funds: Once your account is approved, deposit funds using one of the accepted payment methods (bank transfer, credit/debit card, e-wallets, or cryptocurrencies).
Start Trading: After funding your account, you can start trading using the provided trading platform (MetaTrader 4).