SHANGQUAN Forex Broker

Note: SHANGQUAN's official website: https://www.shangquanpro.com/ is normally inaccessible.SHANGQUAN Information SHANGQUAN is an unregulated brokerage company registered in China. While the broker's official website has been closed, so traders cannot obtain more security information.Is SHANGQUAN Legit? SHANGQUAN is not regulated, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with the company. After a Whois query, we found that this company's domain name is for sale, which shows that this company has not registered it securely.Downsides of SHANGQUANUnavailable Website SHANGQUAN's website is inaccessible, raising concerns about its reliability and accessibility.Lack of Transparency Since SHANGQUAN does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.Regulatory Concerns SHANGQUAN is not regulated, which is less safe than a regulated one.Withdrawal Difficulty According to a report on WikiFX, many users encountered significant difficulties with fund withdrawals and induced fraud scams. The issue remained unresolved despite the request being pending for a long time.Negative SHANGQUAN Reviews on WikiFX On WikiFX, “Exposure” is posted as a word of mouth received from users. Traders must review the information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter. Currently, there are 15 pieces of SHANGQUAN exposure. Exposure. Cannot withdraw & ScamsClassificationUnable to WithdrawDate2022-2023Post CountryUnited Kingdom/United States You may visit: https://www.wikifx.com/en/comments/detail/202301101032582344.html https://www.wikifx.com/en/comments/detail/202301106002914548.html https://www.wikifx.com/en/comments/detail/202212053032726362.html.Conclusion SHANGQUAN Since the official website cannot be opened, traders cannot get more information about security services. In addition, the unregulated status and unregistered domain name indicate the broker's trading risks are high. It is advisable to choose regulated brokers with transparent operations to ensure the safety of your investments and compliance with legal standards. Traders can learn more about other brokers through WikiFX. Information improves transaction security.