On Shun Forex broker specializes in providing foreign exchange trading services, the company's official website http://user.osgold85.com/#/register, the company's legitimate regulatory information Hong KongHKGXType AA License, to enhance the security of the company's address Room 9, 10/F, Wing On Plaza, 62 Mody Road, Tsim Sha Tsui East.
On Shun Forex Broker
Basic information
Hong Kong
5-10 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential riskCompany profile
On Shun Information
On Shun emphasises gold investments, both actual gold and currency-based gold trading. It claims regulated by the Hong Kong Chinese Gold & Silver Exchange Society (CGSE), however its licence is a suspicious clone, signalling fraud risks.
Pros and Cons
| Pros | Cons |
| None | Unregulated (Suspicious Clone) |
Is On Shun Legit?
On Shun claims a Type AA Hong Kong Chinese Gold & Silver Exchange Society (CGSE) licence (licence number: 085). However, this licence is marked “Suspicious Clone,” implying fraud. The broker's name may not match the licenced organisation, “安信金控有限公司,” and may use alternative contact details or domains, indicating unregulated status.
| Regulatory Status | Suspicious clone |
| Regulated by | Hong Kong (Chinese Gold & Silver Exchange Society - CGSE) |
| Licensed Institution | 安信金控有限公司 (On Shun Financial Limited) |
| License Type | Type AA License |
| License Number | 085 |
What Can I Trade on On Shun?
On Shun provides services with an eye on actual gold and options depending on currencies. These products let customers trade two major kinds of gold and invest in it.
| Tradable Instruments | Supported |
| Physical Gold Investment | ✔ |
| Currency-Based Gold Trading | ✔ |
On Shun Fees
On Shun has cheap spreads, commissions, and swap rates compared to industry standards. London Gold and London Silver spreads are $0.5 and $0.04 per ounce, respectively. London Gold has a -2% swap rate for purchase positions and -1% for sell ones, while London Silver has -1.5% for both.
| Instrument | Spread | Buy Swap Rate | Sell Swap Rate |
| London Gold | $0.5/oz | -2% | -1% |
| London Silver | $0.04/oz | -1.50% | -1.50% |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
| MT5 | ✔ | Windows, iOS, Android | Traders needing comprehensive tools for technical analysis, charting, and trading on multiple devices |
Deposit and Withdrawal
On Shun requires a US$5,000 minimum amount for fee-free deposits and withdrawals. RMB deposits and withdrawals are translated to USD for trading. For Friday withdrawals, the following Monday is handled. Withdrawals can be requested 24/7 online. Overnight positions incur interest, and forced liquidation occurs if the margin ratio dips below 20% to reduce risk.
| Transaction Method | Min. Amount | Currency | Fees | Processing Time |
| Deposit | US$5,000 | RMB | None | Immediate upon confirmation |
| Withdrawal | US$5,000 | RMB | None | T+1 (Next working day); if applied on Friday, it arrives on the following Monday |
Rating Index
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Latest Reviews
FX1447259776
Hong Kong
Do you notice a phenomenon of online financial investment?That is, a lot of platform will arrange a teacher to take you to place orders, and those teachers’ speech are also reasonable. However, those who follows these teachers will encounter several problems:the first two orders are right,with later orders are required to add position.(you will be asked to add position in case of loss even they are wrong).Because of unstable market or misoperation,the teacher will blame you for your bad luck and tell you to add fund.After adding fund,you still make a loss,until all your fund is run out. Exposed fraud platform:OSG Teachers giving order recommendations:Haoyu Chen,Wang hao,Zhenhua Hu,Qixin Zhang and Changsheng Liu. Group:Bull Stock Meeting Broadcasting room:Wolong Pavilion Trading product:London gold I knew Baolu Xi through a shareholder.She owed a group named “Bull Stock Meeting”,in which she analyzed stocks and taught us how to select stocks wisely,as well as analyzed the market trend,in the group...
Exposure
2019-09-02
雷厉风行
Hong Kong
Firstly,this is a cloned firm with its company website inconsistent with official website.Secondly,they induced me and gave order recommendation,which made me suffer great losses.Please be aware of it.
Exposure
2019-08-29
程婕维权
Hong Kong
Foreword:Can forex and gold investment bring about profits?How to do with losses of CSI 300?How to do with the inaccessible withdrawal in MT4?Why the orders instructed by teachers bring about great losses? Abstract:Can forex and gold investment bring about profits?How to do with losses of CSI 300?How to do with the inaccessible withdrawal in MT4?How should newers do to avoid suffering great losses caused by teachers’ instruction?Is the link and operation for opening account really reliable? Is is reliable that teacher do charities?How to distinguish the regular and unregulated platform?Does the gold instructor cheat on you? Exposed fraud platform:HK OSG Teachers giving order recommendations:Haoyu Chen,Wang hao,Zhenhua Hu,Qixin Zhang and Changsheng Liu. Group:Bull Stock Meeting Broadcasting room:Wolong Pavilion Trading product:gold,silver and precious metal I knew Baolu Xi through a shareholder.She owed a group named “Bull Stock Meeting”,in which she...
Exposure
2019-09-04