century Group bullion foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://trader.hkctg.com/?register=1, about the company's legal and temporary regulatory information, the company's address .
century Group bullion Forex Broker
Basic Information
Hong Kong
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential risk
Century Group Bullion Forex Broker - Comprehensive Information Guide
1. Broker Overview
Century Group Bullion Holdings Limited, founded in 2018, operates as a forex broker primarily based in Hong Kong. This company is privately held and focuses on providing trading services to a diverse clientele, including retail traders and institutional investors. The primary markets served by Century Group Bullion include forex trading, commodities, and precious metals.
Since its inception, Century Group Bullion has aimed to establish a solid reputation within the forex trading community. However, it has faced challenges regarding regulatory compliance and transparency. Despite these hurdles, the company has made strides in providing a range of trading services and tools to its clients.
The broker operates under a business model that encompasses retail forex trading and institutional services, catering to both novice and experienced traders. With a commitment to enhancing trading experiences, Century Group Bullion has developed various features designed to meet the needs of its clients.
As a relatively new player in the market, Century Group Bullion is still developing its brand identity and operational framework. The firm has been working towards establishing a more robust presence in the financial trading landscape while ensuring that it meets the evolving needs of its customers.
This overview introduces the Century Group Bullion broker, setting the stage for a deeper exploration of its regulatory status, trading products, platforms, and services.
2. Regulation and Compliance Information
Century Group Bullion operates without valid regulatory oversight, which raises significant concerns for potential investors. The broker has been noted for having a regulatory index of 0.00, indicating a lack of recognized regulatory authority over its operations. The absence of a regulatory license means that there are no governing bodies overseeing the broker's practices, which can lead to high potential risks for traders.
The broker does not currently hold licenses from major regulatory agencies, and no regulatory numbers have been provided in the available information. This lack of oversight is alarming, as it suggests that investors may not have protections typically afforded by regulated brokers.
Furthermore, Century Group Bullion has not disclosed its policies regarding customer fund segregation, which is crucial for ensuring that client funds are kept separate from the broker's operational funds. This is a standard practice among regulated brokers that helps protect client assets in case of financial difficulties faced by the broker.
The firm also does not appear to participate in any investor compensation schemes, which are essential for providing additional security to clients in the event of broker insolvency or misconduct.
Moreover, there is no clear information available on the broker's adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which are critical for preventing fraud and ensuring that the broker conducts its business ethically.
In summary, the Century Group Bullion broker operates in a high-risk environment due to its lack of regulatory oversight and compliance measures, making it imperative for potential clients to exercise caution.
3. Trading Products and Services
Century Group Bullion offers a variety of trading products that cater to different investment strategies and preferences. The broker provides access to a range of currency pairs, including major, minor, and exotic currencies, allowing traders to engage in forex trading actively. However, specific details on the number of available currency pairs have not been disclosed.
In addition to forex, Century Group Bullion also offers Contracts for Difference (CFDs) across various asset classes. These include indices, commodities, stocks, and cryptocurrencies, providing traders with diverse options for capitalizing on market movements. The inclusion of cryptocurrencies is particularly noteworthy, as it reflects the growing trend of digital assets in the trading landscape.
The broker is known to update its product offerings periodically, although the frequency and specifics of these updates have not been detailed. This adaptability allows Century Group Bullion to respond to market demands and introduce new trading opportunities as they arise.
For retail clients, the broker provides comprehensive trading services, including educational resources, market analysis, and trading tools to enhance the trading experience. Institutional clients can benefit from tailored services that meet their specific trading needs, though details on these services remain limited.
While the broker does not explicitly mention offering white-label solutions or asset management services, it is essential for potential clients to inquire directly with Century Group Bullion for any specialized offerings that may not be publicly disclosed.
Overall, the Century Group Bullion broker aims to provide a diverse range of trading products and services, though potential clients should consider the risks associated with trading through an unregulated entity.
4. Trading Platforms and Technology
Century Group Bullion supports the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are renowned for their user-friendly interfaces and robust trading functionalities. These platforms allow traders to execute trades efficiently, conduct technical analysis, and utilize automated trading strategies through Expert Advisors (EAs).
While there is no mention of a proprietary trading platform, the availability of MT4 and MT5 ensures that traders can access advanced trading tools and features. Additionally, the broker provides a web-based trading platform, enabling clients to trade directly from their browsers without the need for software installation.
For mobile trading, Century Group Bullion offers applications compatible with both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. This flexibility is crucial for modern traders who require access to their accounts at all times.
The broker operates under an ECN (Electronic Communication Network) execution model, which is designed to provide faster trade execution and better pricing by connecting traders directly with liquidity providers. This model can enhance the trading experience by minimizing slippage and improving order execution speeds.
Regarding infrastructure, Century Group Bullion utilizes advanced server technology to support its trading operations. However, specific details regarding server locations and technological capabilities have not been disclosed.
Furthermore, the broker offers API access for automated trading, enabling clients to develop and implement their trading algorithms seamlessly. This feature is beneficial for more experienced traders looking to leverage technology for enhanced trading performance.
In conclusion, the Century Group Bullion broker provides a solid trading platform experience with access to popular trading software and mobile applications, although potential clients should weigh this against the lack of regulatory oversight.
5. Account Types and Trading Conditions
Century Group Bullion offers several account types designed to cater to a range of trading preferences and experience levels. The standard account typically requires a minimum deposit, though specific figures have not been disclosed. The broker's trading conditions, such as spreads and commissions, can vary depending on the account type, which is common in the industry.
For more experienced traders, the broker may offer advanced account types, such as VIP or professional accounts, which usually come with enhanced features and potentially lower trading costs. However, details on these advanced account options have not been provided.
Additionally, Century Group Bullion may offer specialty accounts, such as Islamic accounts, which comply with Sharia law, though explicit information on their availability is not mentioned.
The broker allows for the creation of demo accounts, enabling prospective clients to practice trading strategies without financial risk. This is a valuable feature for new traders looking to familiarize themselves with the trading environment.
Leverage options at Century Group Bullion are reported to be competitive, though specific ratios for different products have not been disclosed. Traders should inquire directly with the broker to understand the leverage available for their chosen instruments.
The minimum trade size is another critical aspect of trading conditions, but details regarding the minimum lot sizes have not been specified.
Furthermore, the broker's policies on overnight fees, also known as swap rates, are essential for traders who hold positions beyond the daily close. However, specific information regarding these fees has not been provided.
In summary, while the Century Group Bullion broker offers a range of account types and trading conditions, potential clients should seek further clarification on specific terms and requirements before opening an account.
6. Fund Management
Century Group Bullion supports various deposit methods to facilitate client funding. These methods typically include bank transfers, credit cards, and e-wallets. However, specific details regarding the supported payment providers have not been disclosed.
The minimum deposit requirements can vary depending on the account type, but exact figures have not been provided in the available information. Clients should check directly with the broker for precise requirements.
Deposit processing times are generally quick, but specific timelines have not been mentioned. Clients should also be aware of any potential deposit fees associated with their chosen funding method, although such fees have not been detailed.
For withdrawals, Century Group Bullion likely offers multiple options, but the specifics regarding withdrawal methods and any associated limitations remain unclear.
Withdrawal processing times can significantly impact a trader's experience, yet the broker has not provided information on how long clients can expect to wait for their funds to be transferred.
The fee structure for withdrawals is another critical aspect that potential clients should consider, as this can affect overall trading costs. However, specific details regarding withdrawal fees have not been disclosed.
In conclusion, while the Century Group Bullion broker offers various funding and withdrawal options, potential clients should inquire about specific details to ensure a smooth and transparent transaction process.
7. Customer Support and Educational Resources
Century Group Bullion provides multiple channels for customer support, including telephone, email, and online chat. This multi-channel approach ensures that clients can reach out for assistance through their preferred method. However, specific details regarding the availability of support staff and response times have not been provided.
The broker's service hours and time zone coverage are essential for clients who may require support outside of standard business hours, but this information has not been disclosed.
In terms of language support, Century Group Bullion appears to cater to a diverse clientele, though the specific languages offered have not been detailed. This is an important consideration for international clients who may prefer assistance in their native language.
The broker also emphasizes education, providing resources such as webinars, tutorials, and eBooks to help clients enhance their trading knowledge and skills. Educational resources are vital for traders looking to improve their strategies and market understanding.
Additionally, Century Group Bullion may offer market analysis services, including daily analysis, news updates, and research reports. These resources can help traders stay informed about market trends and make informed trading decisions.
For trading tools, the broker likely provides various resources such as calculators, economic calendars, and signal services to assist clients in their trading activities. However, specific details regarding the range of tools available have not been mentioned.
Overall, while the Century Group Bullion broker offers a variety of customer support and educational resources, potential clients should explore these offerings to determine their effectiveness in meeting their trading needs.
8. Regional Coverage and Restrictions
Century Group Bullion primarily serves clients in Hong Kong, with a focus on the broader Asian market. However, the specific regions and countries where the broker operates have not been fully disclosed.
The broker may have regional offices, but details regarding their distribution across different areas have not been provided.
It is also important to note that Century Group Bullion may have restrictions on accepting clients from certain countries or regions, though specific information on these restrictions has not been outlined.
Potential clients should be aware of any special limitations that may apply to their jurisdiction, ensuring compliance with local laws and regulations when considering trading with Century Group Bullion.
In conclusion, while the Century Group Bullion broker has established a presence in certain markets, potential clients should conduct thorough research to understand any regional limitations or restrictions that may affect their trading activities.
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Latest Reviews
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The adviser: Zhao Yi, the WeChat account: TLZ005500. the live stream studio or WeChat group. In last November, a person named Zhao Yi invited me via WeChat into a stock exchange group called "Zhao Jiajun 164". Later, I entered a live stream studio named"Stock Market Zhao Jiajun". He also invited several advisers to teach some stock operation methods by turns. They bragged about their past achievements, which had agitating effect. Later, Zhao Yi proposed to guide everyone to cooperate with a listed company to invest in a stock and realize the plan to double position before the Spring Festival. They asked everyone to report the money they could invest in. Then, after calculating the money, they said it wasn’t enough. So, they decided to guide everyone to make money in the Hong Kong gold market, so as to make up for the shortage. They instructed the group's general manager to provide us with the contact information of century Group bullion's director for opening accounts (the platform’s WeChat customer service supporter). They also threatened to remove the people who didn’t open accounts. Now when I calm down and think about it, finding that this is a scam that is organized, premeditated, and collusive inside and outside. After receiving the director’ contact information, I opened an account on December 31, 2018, and got the trading account 80031338. And I also downloaded the MT5 on the website. After opening an account, I transferred money to a designated domestic private account, according to the the channel provided by the platform. The platform converts the money into US dollars at an exchange rate of 1:6.8, and sent an email to confirm the money arrived at the account. It has been transferred a total of 664,000 yuan through several different accounts, approx US dollar 97647.05
Exposure
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Century Group Bullion’s adviser Yide invited me to join a QQ group. Every day, several advisers would gave lectures on stock trading. Later, a adviser said that he would guide everyone to invest in a stock, but there is a gap in the funds, so we need to make up the gap before I help you trade gold and double the money. I have deposited a total of RMB12.24 million. Advisers sometimes gave order recommendations while giving lessons online, and sometimes did through the assistant offline. At the beginning, I traded about 30% of the positions, and profited from quite a few orders. Before the release of 1.4 non-farm payroll data, the advisers let us buy in more than 50% of the positions. As a result, when the data were released, they were good news for shorts and all our orders were closed out. The advisers promised to help up take the losses back, and asked us to deposit more if we had money. Since the loss was serious at that time, I was panicked. So I accepted their advice and deposited again. However, the advisers’ advice caused losses in a row. Until 1.17, after the initial jobless claims data comes out, the data were good for shorts. They let everyone short 60% of positions. If I withdrew money then, I could earn a little. The advisers immediately let everyone buy in more than 60% of the positions and hold them overnight. As a result the quotations fall to the stop-loss position. We suffered heavy losses. I contacted with the platform from February 18, 2019. The platform asked s me to send emails, and I email them. But they have responded to the same emails for more than a month. They have not been dealing with your problem and have been delaying the time.
Exposure
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In late March this year someone on the Internet recommended me a so-called stock master Mirror. Mirror asked me to add Li on Wechat to learn how to trade stocks. I joined their stock lectures. There were Long, Zhao, Yi and Fang in the group. At first they did give some constructive advice. Later they held a stock contest and asked us to invest in century Group bullion and we should deposit at least 5 million RMB. They promised us a 45% profit and sent us many making-profit screenshots. I was induced. They urged me to invest, saying there would be a huge market trend to follow. I deposit 3 million and started to trade gold. They let us trade under their guidance. I lost tens of thousand dollars in the first try and earned a little in the second. Later they deliberately gave us wrong directions. I traded as they told me to do so. I lost all my 3 million.
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Agent Long kun of Century Group bullion,by shifting lessons from stock investment skills to London gold investment,opened an account for me with my information,enabling me to suffer heavy losses.
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Reveal of fraud in Jinye Century ! Internet era benefits the development of all things. However, online forex trading and stock trading are springing up.At present, there is an increasing number of frauds in the investment market. Investors enter the market in basically the same way, while they are induced by strangers in various ways.Who knows the lowdown on constant financial investment losses?I think a lot of investor have no idea of which platform is regular and how to profit? Browsing my posts,you must be victims cheated by fraud platform and made great losses.Finding the next broker again and again,leading to even a greater losses.Today I want to talk to you about how to distinguish the fraud platform! Revealing online financial fraud,I hope to help more investors! Exposed platform:Century group Jinye holdings co. LTD Teachers:Mingdao,Tianhong and master Qiaoxiao Trading products:forex,London gold and crude oil On 8th,May,I was pulled into a 30-person group by a stranger.I treated it as a fortune,while the nightmare was just beginning.The group owner was enthusiastic and recommended his master to us a few days later.He invited us into a 100-person or so group.And his master was indeed better than he was,each stock recommended by him...
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With single teacher: zhao yi WeChat ID: TLZ005500.Live broadcast or WeChat group. A man named zhao yi was pulled into a stock exchange WeChat group called zhaojiajun 164 in November .Later, it entered a studio called "stock market zhao jiajun".In addition to Mr. Zhao, he invited several lecturers to take turns explaining some stock practices.And boast about their past achievements.It was such encouraging effect.Later, zhao yi proposed to lead everyone to cooperate with listed companies to operate a stock and realize the plan of turning over (doubling) before the Spring Festival.Ask people to submit funds they can participate in.Then talk about the calculation of the capital is insufficient, to lead everyone to Hong Kong gold market to make money, to meet the operating stock capital gap.And instructs the group manager to provide the century gold industry account director (century gold industry WeChat customer service) contact information.And threatened not to open a gold speculation account will be expelled.Now come to think of it, this is a completely organized, premeditated, internal and external collusion of a hoax.After receiving the WeChat provided by the general manager, the account opening was completed on December 31, 2018.Acquire trading account 80031338.And in the century gold industry's website to download the MT5 trading system.After opening an account, according to the century gold industry customer service to provide a gold channel.Transfer the funds to the designated private account in China, and the platform will convert the funds into us dollars at the exchange rate of 1:6.8, and send an email to confirm the arrival of the funds in the account.Several times of total transfer into RMB through different accounts.664000 yuan.Fold the $97647.05
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