Cang Limited Forex Broker

General Information Registered in the United Kingdom, Cang Limited presents itself as an online forex broker offering diversified range of trading instruments through the leading MT5 trading platform, with leverage up to 1:400. Is Cang Limited safe to trade with？ Cang Limited seems to be a trading name of a company called DUSAS MARKET LTD. When it comes to regulation, it has been verified that Cang Limited is not authorized or regulated by any regulatory authorities. Thats why its regulatory status on WikiFX is marked as “No License” and It receives a pretty low score of 1.10/10. Bear in mind that trading with an unregulated forex broker is a surefire way to lose your money. Please be aware of the risk. Market Instruments Tradable instruments available on the Cang Limited is not that risk in comparison to many other platforms. With Cang Limited, four classes of trading assets are provided: Foreign Exchange Index Noble Metals Crude Oil Account Types As for accounts, it appears that two types of trading accounts are available: Standard and ECN accounts. The minimum deposit to open a Standard account is as high as $1,000, which is too much for regular traders to afford. We assume that, this broker may want to extract investors money at the very first and then disappear. Leverage With Cang Limited, the maximum leverage that clients can use is up to 1:400, which is considered high and risky. To protect retail traders, many regulatory authorities put some restrictions on leverage, the leverage for major forex trading capped at 1:30, in Europe and Australia, 1:50 in Canada, and U.S. Since leverage can amplify gains as well as losses, it is important for traders to choose the proper amount that they feel most at ease. Spreads & Commissions Typically, spreads and commissions are determined by trading accounts. The Standard account offers a commission-free trading environment, with spreads from 0.9 pips. The ECN account offers raw spreads, as low as 0.0 pips, with a certain commission charged. Trading Platform Cang Limited offers its clients access to the leading MT5 trading platform, which can be accessed through iPhone, Android, and PC versions. MT5 is among the most popular trading platforms around the world, proving access to essential tools and resources needed. Customer Support In terms of customer support, Cang Limited can be contact only through email by traders with inquiries or trading-related issues. The “FAQ” section is also offered to solve your basic problems. Telephone: +852 560 48855 Email: info@cang-fx.com Registered Office Address: RM12, 19/F, Ho King Comm Ctr, 2-16 Fayuen St, Mongkok, Kowloon,Hong Kong Risk Warning Forex trading and online leveraged trading contains high risks and may not suitable for all investors. Before deciding to enter into any forex and CFD trading, you should carefully consider your objectives, financial status, trading goals and experience level. Please note the information contained in this article is for general information purposes only.