Su Hui Tong FX Forex Broker

Su Hui Tong FX Broker - Complete Information Guide

1. Broker Overview

　　Su Hui Tong FX, officially known as Hui Tong International, is a forex brokerage firm that has been operating in the financial markets since its establishment in 2015. The company is headquartered in China, and it primarily serves retail clients looking to trade in the forex market. Su Hui Tong FX is a privately held entity, allowing it to focus on providing tailored services to its clientele without the pressures associated with being publicly listed.

　　The company has developed a reputation for offering a range of trading services, including forex trading, contracts for difference (CFDs), and other financial instruments. Throughout its operational history, Su Hui Tong FX has achieved several milestones, including the launch of its proprietary trading platform and the expansion of its service offerings to include various asset classes.

　　As a broker, Su Hui Tong FX operates under a business model that focuses on retail forex trading, catering to individual traders and investors who seek to engage in currency trading. The firm aims to provide a user-friendly trading experience, backed by a robust technological infrastructure.

2. Regulatory and Compliance Information

　　Su Hui Tong FX operates under the regulatory oversight of the local financial authorities in China. However, the firm has been flagged for having a suspicious regulatory license, with a low score on compliance metrics. The regulatory license number is not publicly disclosed, raising concerns about the legitimacy of its operations.

　　The broker's regulatory framework is characterized by a lack of transparency regarding the exact scope of its licenses and the jurisdictions it serves. This has led to numerous complaints from clients about difficulties in withdrawing funds and accusations of fraudulent practices.

　　Client funds at Su Hui Tong FX are reportedly segregated, which is a standard practice aimed at protecting clients' investments. However, the effectiveness of these measures has been questioned due to various complaints about the inability to access funds. The broker claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, although the enforcement of these measures has been criticized.

3. Trading Products and Services

　　Su Hui Tong FX offers a diverse range of trading products, primarily focusing on forex currency pairs. The broker provides access to over 50 currency pairs, including major, minor, and exotic pairs. Additionally, the firm also offers CFDs on various assets such as indices, commodities, stocks, and cryptocurrencies, allowing traders to diversify their portfolios.

　　The range of products is regularly updated, with new instruments being added to meet the evolving needs of traders. Retail trading services are a significant focus for Su Hui Tong FX, and the broker aims to provide competitive spreads and leverage options to attract individual traders.

　　Institutional clients are also catered to, with services designed to meet the specific needs of larger trading firms and investment entities. However, the details regarding white-label solutions or asset management services are not extensively covered in the available information.

4. Trading Platforms and Technology

　　Su Hui Tong FX supports the widely popular MetaTrader 4 (MT4) platform, which is favored by many forex traders for its user-friendly interface and extensive analytical tools. The broker also offers its proprietary trading platform, designed to enhance the trading experience with advanced features and functionalities.

　　In addition to desktop trading, Su Hui Tong FX provides a web-based trading platform that allows clients to trade directly from their browsers without the need for software installation. Mobile trading is also supported, with applications available for both iOS and Android devices, ensuring that traders can manage their accounts on the go.

　　The execution model adopted by Su Hui Tong FX includes options for both ECN and STP trading, which are designed to provide clients with direct access to the interbank market. The broker's servers are strategically located to ensure low latency and fast order execution, which are critical components for successful trading.

5. Account Types and Trading Conditions

　　Su Hui Tong FX offers various account types to meet the needs of different traders. The standard account requires a minimum deposit of $300, with competitive spreads starting from 1.5 pips and no commission. For more experienced traders, the broker provides premium account options, which come with additional features and potentially lower spreads.

　　Special account types, such as Islamic accounts, are also available, catering to traders who require Sharia-compliant trading conditions. The broker offers a demo account for new clients to practice their trading strategies without financial risk.

　　Leverage options vary across account types, with maximum leverage reaching up to 1:200, allowing traders to amplify their positions. The minimum trade size is set at 0.01 lots, making it accessible for traders with smaller capital. The overnight fees are competitive, but specific details regarding swap rates were not disclosed.

6. Fund Management

　　Su Hui Tong FX supports multiple deposit methods, including bank wire transfers and credit card payments. The minimum deposit requirement varies by account type, with standard accounts starting at $300. Deposits are typically processed within 1-3 business days, depending on the method used.

　　Withdrawal options include bank transfers and various e-wallet services, although clients have reported significant delays and complications in processing withdrawals. The withdrawal processing time can take up to 10 business days, which has raised concerns among clients regarding the broker's reliability.

　　Fees associated with deposits and withdrawals are minimal, but clients have noted hidden charges that were not clearly communicated during the account setup process. This lack of transparency has contributed to negative feedback regarding the broker's overall service quality.

7. Customer Support and Educational Resources

　　Su Hui Tong FX provides customer support through various channels, including phone, email, and live chat. The service hours are generally aligned with major trading sessions, ensuring that clients can receive assistance when needed. The support team is multilingual, catering to a diverse client base.

　　The broker offers a range of educational resources, including webinars, tutorials, and e-books, aimed at helping traders improve their skills and knowledge. Market analysis services are also provided, with daily updates and research reports available to clients.

　　Trading tools such as calculators and economic calendars are accessible on the broker's website, enhancing the trading experience for both novice and experienced traders.

8. Regional Coverage and Restrictions

　　Su Hui Tong FX primarily serves clients in Asia, with a significant presence in China. The broker has established regional offices to support its operations and client services. However, it does not accept clients from certain jurisdictions, including the United States and several European countries, due to regulatory restrictions.

　　The broker's operations are subject to local laws and regulations, which can impact the services offered in different regions. As the market evolves, Su Hui Tong FX continues to assess its regional strategies to ensure compliance and meet the needs of its clients.

　　In conclusion, Su Hui Tong FX is a broker that offers a range of forex and CFD trading services, but potential clients should exercise caution and conduct thorough research before engaging with the platform.