PingPong Intelligence Review Summary in 7 Points Founded 2015 Registered Country/Region China Hong Kong Regulation SFC Regulated Financial Instruments Foreign exchange forward contracts, foreign exchange options Leverage 1:20 EUR/USD Spread Floating spreads Customer Support Address, phone, email, WeChat official account What is PingPong Intelligence？ PingPong Intelligence is based in Hong Kong and operates globally across the United States, Europe, and Asia. The firm offers a diverse range of financial products that extend to foreign exchange forward contracts and foreign exchange options. It is crucial to note that PingPong Intelligence runs its business operations under the purview of the SFC (Securities and Futures Commission of Hong Kong), being licensed with the number BOW876. In our upcoming article, we will present a comprehensive and well-structured evaluation of the broker's services and offerings. We encourage interested readers to delve further into the article for valuable insights. In conclusion, we will provide a concise summary that highlights the distinct characteristics of the broker for a clear understanding. Pros & Cons Pros Cons • Regulated • Not accept clients from the US and mainland China • No deposit/withdrawal fees • Zero commissions • Educational resources available Pros: Regulated: PingPong Intelligence operates under the regulation of the SFC. This adds an element of credibility and trust to their operations, ensuring they abide by well-established financial standards. No deposit/withdrawal Fees: PingPong Intelligence doesn't charge fees on deposit or withdrawals, which can significantly reduce the trading cost and increase the profitability for its clients. Zero Commissions: The firm does not impose any commission charges, making trading more cost-effective, thereby favouring its clients' profit margins. Educational Resources Available: Through their FX Knowledge page, the firm provides a range of educational resources which empowers their clients with important knowledge and insights into the forex market, supporting both new and experienced traders. Cons: Not Accept Clients from the US and Mainland China: Unfortunately, PingPong Intelligence limits its services by not accepting clients from the United States and mainland China. This restricts access for potential customers in these regions, limiting the company's reach. Is PingPong Intelligence Safe or Scam？ When considering the safety of a brokerage like PingPong Intelligence or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage: Regulatory sight: Functioning under the supervision of the Securities and Futures Commission of Hong Kong (SFC), the broker, licensed with number BOW876, indicates a commitment to offering reliable and regulation-compliant trading services. User feedback: For a deeper insight into the brokerage, traders should read reviews and feedback from existing clients. These valuable inputs from users, available on trustworthy websites and discussion forums, can provide firsthand information about the broker's operations. Security measures: PingPong ensures robust security measures by incorporating Two-Factor Authentication (2FA) and a pin code system, providing an extra layer of protection and restricting unauthorized access to user data and transactions. In the end, choosing whether or not to engage in trading with PingPong Intelligence is an individual decision. It is advised that you carefully balance the risks and returns before committing to any actual trading activities. Financial Instruments PingPong Intelligence primarily deals in key market financial instruments such as foreign exchange forward contracts and foreign exchange options (to be launched soon). Foreign exchange forward contracts allow businesses to lock in an exchange rate on a specific date in the future, offering protection against potential adverse currency movements. On the other hand, foreign exchange options provide the right but not the obligation to exchange a set amount of foreign currency at a predetermined price on a specific future date. On its website the company said this product is coming soon recently, if you are interested, you can inquire with the company directly for the most current status. Accounts PingPong Intelligence offers two main account types: Personal and Corporate accounts. A Personal account is typically for individual investors who want to trade on their own behalf. On the other hand, a Corporate account is designed for businesses, allowing companies to invest and trade under the company name with typically higher trading limits and additional features. How to Open an Account？ To open an account, following steps should be taken: Step 1: Visit the company's official website. Step 2: Click the “Open a trading account” button, then choose “sign up now”. Step 3: You will be prompted to provide certain personal information such as your email address, phone number, and password. Step 4: After entering these details, upload the required docs (you can download related application form on https://www.apifx.com/en-US/trading/download), you will also be asked to verify your email or phone number. Step 5: Once your account is open, you need to complete a few more steps to fully set up your account, such as setting payment methods or depositing initial funds. It is noteworthy that PingPong Intelligence charges no account opening fees or any hidden cost during account opening. Leverage PingPong Intelligence provides its clients with a maximum leverage ratio of 20:1. This implies that clients have access to trade with funds up to 20 times their initial investment. This type of financial leverage can significantly magnify potential profits, but at the same time, it also amplifies the risk, making it a powerful tool in the hands of a savvy investor. Spreads & Commissions PingPong Intelligence operates with floating spreads, which are subject to market fluctuations and can be checked in real-time via their dedicated webpage: https://www.apifx.com/en-US/trading/rates. In addition, the company distinguishes itself by not charging any commission fees. Such a commission-free policy could notably reduce the trading cost for their clients, making PingPong Intelligence an affordable choice for both novice and experienced. Trading Tools PingPong Intelligence's Rollover Calendar is a key trading tool that helps investors track significant expiry dates. It allows investors to stay informed about key currency rollover dates, helping them strategize their trades and manage prospective risks more effectively. This tool promotes an enhanced trading experience by providing essential information to facilitate informed trading decisions. Deposit & withdrawal PingPong Intelligence provides several efficient payment methods including Fast and Direct Deposit, Faster Payment System (FPS), and Bank Transfer (with BOC and Citibank) for deposits. For withdrawals, only bank transfer is accepted. They do not support Third Party Transfers. Notably, they maintain a no-fee policy on both deposits and withdrawals. Transactions conducted before 4pm (HKT) on regular business days are processed on the same day, while those made after 4pm (HKT) are processed on the next business day. Customer Service PingPong provides comprehensive customer support via email, phone, and a physical address for direct correspondence. They're also reachable on WeChat official account, ensuring responsive and convenient communication channels. Client service hotline: +852-26967988. Email: cs@manaxhk.com. Wechat: HedgingX. Address: Unit 07, 12 /F,Emperor Group Centre, 288 Hennessy Road, Wanchai, Hong Kong. Education PingPong Intelligence's FX Knowledge page serves as an invaluable educational resource for its customers. It is designed to equip both novice and experienced traders with essential knowledge about foreign exchange markets. The page offers a variety of informational content including trading basics and strategies. Conclusion In short, PingPong Intelligence is a respected broker based in China Hong Kong that deals in Foreign exchange forward contracts and foreign exchange options as their primary market instruments. Their operations are overseen by the SFC, lending credibility to their services. Despite this, if you are interested in this broker, you should still be cautious, do thorough research and seek for the most recent information from PingPong Intelligence before committing to any investment decisions. Frequently Asked Questions (FAQs) Q 1: Is PingPong Intelligence regulated？ A 1: Yes. The broker currently operates under SFC with license no. Kanto Finance Director (Gold Merchants) No. BOW876. Q 2: Is PingPong Intelligence a good broker for beginners？ A 2: Yes. It is a good choice for beginners not only because it‘s well regulated by SFC, but also because of it’s friendly zero commission and zero deposit/withdrawal fee policy. Q 3: At PingPong Intelligence, are there any regional restrictions for traders？ A 3: Yes, the broker does not provide services to investors residing in the United States and mainland China. Q 4: What kind of products and services does PingPong Intelligence offer？ A 4: PingPong Intelligence offers Foreign exchange forward contracts and foreign exchange options (to be launched soon). Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.