UOSHENG Forex Broker

Uosheng Forex Broker - Complete Information Guide

1. Broker Overview

　　Uosheng, also known as Uosheng World Limited, was established in 2021. The broker is headquartered in Hong Kong, with its main office located at 3/F, Acer Commercial Building, 8-12 Morrison Street, Sheung Wan, Hong Kong. Uosheng is a privately held company, and it primarily caters to retail forex traders and institutional clients across various financial markets.

　　Since its inception, Uosheng has aimed to provide diversified financial investment services, including forex trading, commodities, indices, and cryptocurrencies. The company claims to have a robust trading infrastructure and offers access to the popular MetaTrader 4 and MetaTrader 5 trading platforms. However, it is crucial to note that Uosheng has faced numerous allegations and concerns regarding its regulatory compliance and operational practices.

　　Despite its relatively short history, Uosheng has made significant strides in establishing its presence in the forex market. However, the broker's reputation has been marred by various reports suggesting it operates as a scam. The parent company, You Sheng International Financial Group, claims to have over 30 years of experience in the financial services sector, but the authenticity of these claims has been questioned.

　　Uosheng operates primarily in the retail forex market, offering a range of trading products and services to individual investors and institutional clients. The business model is centered around providing access to global financial markets, facilitating trading in various asset classes, and offering tailored solutions to meet the needs of different client segments.

2. Regulatory and Compliance Information

　　Uosheng claims to be regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and the National Futures Association (NFA) in the United States, with an NFA supervision number of 0531209. However, it is essential to highlight that FINTRAC does not issue licenses for forex trading or regulate entities engaged in forex services. Furthermore, Uosheng is not an approved member of the NFA, which raises significant concerns about its regulatory status.

　　As per various sources, Uosheng does not have valid regulatory oversight, meaning that clients funds are not protected under any regulatory framework. This lack of regulation poses a considerable risk to investors, as their funds may not be safeguarded by any law. The company has not provided clear information regarding its customer fund segregation policies or participation in investor compensation schemes.

　　Uosheng is also expected to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, but reports indicate that the broker may not adhere to these compliance measures strictly. This non-compliance further compounds the risks associated with trading through Uosheng, making it imperative for potential investors to exercise caution.

3. Trading Products and Services

　　Uosheng offers a variety of trading products, primarily focusing on foreign exchange (forex) trading. The broker provides access to a range of currency pairs, including major, minor, and exotic pairs, although the exact number of forex pairs offered is not specified in the available sources.

　　In addition to forex, Uosheng provides Contracts for Difference (CFDs) on various asset classes, including indices, commodities, stocks, and cryptocurrencies. However, details regarding the specific categories and the frequency of product updates remain unclear. The broker's offerings are designed to cater to both retail and institutional clients, providing tailored solutions for different trading needs.

　　Uosheng claims to provide retail trading services, allowing individual investors to participate in the forex market. Additionally, it appears to offer institutional client services, although specifics about these services are not well-documented. The broker may also provide white-label solutions, enabling other firms to utilize its trading platform and infrastructure under their branding.

4. Trading Platforms and Technology

　　Uosheng supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are widely recognized in the forex trading community for their user-friendly interface and advanced trading tools. These platforms provide traders with access to a variety of financial instruments, including currency pairs, commodities, and indices.

　　The broker does not appear to offer a proprietary trading platform, but it does provide web-based access to MT4 and MT5, enabling traders to trade from any device with internet connectivity. Mobile applications for both iOS and Android devices are also available, allowing traders to manage their accounts and execute trades on the go.

　　Uosheng operates on a Market Making execution model, which may introduce conflicts of interest as the broker could potentially profit from client losses. The technical infrastructure supporting the trading platforms is not explicitly detailed in the available information, raising concerns about the broker's reliability and operational transparency.

　　The broker claims to offer API access and support for automated trading, but specifics regarding the implementation and conditions for these services are not provided.

5. Account Types and Trading Conditions

　　Uosheng offers several account types tailored to different trading needs. The standard account conditions include a minimum deposit requirement, which is not explicitly stated. However, typical forex brokers may require a minimum deposit ranging from $100 to $500.

　　The broker provides competitive spreads and commissions, although specific figures are not disclosed in the available resources. Uosheng may also offer advanced account types, such as VIP or professional accounts, which typically provide better trading conditions, including lower spreads and higher leverage.

　　Additionally, Uosheng appears to have provisions for special accounts, such as Islamic accounts for clients who require compliance with Sharia law. The availability of demo accounts is not confirmed, which may limit the opportunity for potential clients to practice trading without risking real funds.

　　Leverage ratios offered by Uosheng vary depending on the asset class, but details regarding the maximum leverage available are not specified. The broker likely has a minimum trade size, but this information is not readily available.

6. Fund Management

　　Uosheng supports multiple deposit methods, including bank transfers, credit cards, and electronic wallets. However, specific details regarding the minimum deposit amounts for different account types are not provided.

　　Deposit processing times are not explicitly stated, which could be a concern for potential clients. Similarly, the broker does not disclose any deposit fees, which can vary depending on the payment method used.

　　Withdrawal methods and restrictions remain unclear, as do the processing times for withdrawals. Clients have reported difficulties in withdrawing funds from Uosheng, raising significant concerns about the broker's reliability in managing client funds. The fee structure for withdrawals is also not detailed, which could lead to unexpected costs for clients.

7. Customer Support and Educational Resources

　　Uosheng offers customer support through various channels, including telephone, email, and potentially online chat. However, specific details regarding the availability of these support channels and their operational hours are not provided.

　　The broker claims to provide multi-language support, but the specific languages offered are not mentioned in the available information. Uosheng appears to offer a range of educational resources, although the types of resources, such as webinars, tutorials, and e-books, are not detailed.

　　Market analysis services, including daily analysis, news updates, and research reports, are not explicitly mentioned, which may limit the support available to traders. Additionally, the availability of trading tools, such as calculators and signal services, is not confirmed.

8. Regional Coverage and Restrictions

　　Uosheng primarily serves clients in the Asia-Pacific region, but specific details regarding its main service markets are not provided. The broker appears to have regional offices, although the exact locations are not detailed in the available information.

　　Certain countries may be restricted from accessing Uosheng's services, but the specific countries or regions that are not accepted as clients are not clearly stated. Furthermore, any special restrictions or conditions that apply to specific markets remain unspecified, which could impact the broker's accessibility for potential clients.

　　In conclusion, while Uosheng presents itself as a forex broker with a range of offerings, numerous concerns regarding its regulatory status, operational transparency, and client fund management practices suggest that potential investors should exercise extreme caution.