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Water foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.lifuwater.com/en, about the company's legal and temporary regulatory information, the company's address .

Water Forex Broker

Basic Information

Registered Region
Hong Kong
Operating Period
--
Company Name
Water Holdings Group Limited
Abbreviation
Water
Company employee
--
Customer Service Email Address
support@lifuwater.com
Contact Number
+85221527388
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Rating Index

How to login to Water?
Water Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Water Account Registering for a water account is a straightforward process that allows users to manage their water services efficiently. Follow these detailed ste

  

Water Forex Broker - Complete Information Guide

  

1. Broker Overview

  Company Name: Water Holdings Group Limited

  Established: 2018

  Headquarters: Hong Kong

  Company Type: Private

  Main Markets and Clientele: Water primarily serves retail clients in the forex trading market, focusing on individual traders seeking to access various financial instruments.

  Company Development and Milestones: Water has operated for about 2-5 years, establishing itself in the competitive forex market. However, it has faced scrutiny regarding its regulatory status and operational practices.

  Parent Company or Group Relations: There is no information available regarding any parent company or group affiliations.

  Business Model Overview: Water operates as a retail forex broker, providing trading services in foreign exchange markets. The companys model includes offering clients access to trading platforms, market analysis, and various trading instruments.

  The term "Water broker" refers to the company's role in facilitating forex trading for its clients, positioning itself within the larger financial ecosystem.

  

2. Regulatory and Compliance Information

  Main Regulatory Bodies:

  • No regulatory authority has been identified for Water Holdings Group Limited, which raises concerns about the legitimacy of its operations.

  Regulatory License Numbers:

  • There is no valid regulatory information available regarding licenses issued to Water.

  License Validity and Scope:

  • The absence of a regulatory license indicates that Water does not operate under the oversight of any recognized financial authority, which is a significant risk factor for potential clients.

  Legal Entities in Different Regions:

  • The company is registered in Hong Kong but lacks the necessary regulatory approvals to operate as a forex broker.

  Client Fund Segregation Policy:

  • No information is provided about the segregation of client funds, which is critical for ensuring the safety of investors' capital.

  Investor Compensation Fund Participation:

  • There is no indication that Water participates in any investor compensation schemes, which typically provide a safety net for clients in case of broker insolvency.

  KYC and AML Compliance Measures:

  • Details regarding Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures have not been disclosed, raising concerns about the broker's adherence to financial regulations.

  

3. Trading Products and Services

  Number of Forex Currency Pairs and Major Types:

  • Water offers a limited selection of forex currency pairs, but specific details on the number of pairs available are not disclosed.

  CFD Product Categories:

  • Information regarding Contracts for Difference (CFD) products, including indices, commodities, stocks, and cryptocurrencies, is not provided.

  Unique Products or Trading Instruments:

  • The search results do not indicate any unique or proprietary trading instruments offered by Water.

  Product Update Frequency and New Additions:

  • There is no information available on the frequency of product updates or the introduction of new trading instruments.

  Retail Trading Services:

  • Water provides retail trading services, but specific details on account types and trading conditions are not mentioned.

  Institutional Client Services:

  • There is no information regarding services tailored for institutional clients.

  White Label Solutions:

  • Water does not appear to offer white label solutions, based on the available data.

  Asset Management Services:

  • There is no mention of asset management services being provided by Water.

  

4. Trading Platforms and Technology

  MetaTrader 4/5 Support:

  • The search results do not confirm whether Water supports MetaTrader 4 or MetaTrader 5 platforms.

  Proprietary Platform Details:

  • There is no information available about any proprietary trading platforms developed by Water.

  Web-Based Trading Platform:

  • The presence or details of a web-based trading platform are not provided.

  Mobile Application Support:

  • Information regarding mobile application support for iOS and Android is not available.

  Execution Models (ECN, STP, Market Making):

  • The execution model used by Water is not specified, which is crucial for understanding how trades are processed.

  Server Locations and Technical Infrastructure:

  • There is no information on server locations or the technical infrastructure supporting Water's trading operations.

  API Access and Automated Trading Support:

  • The availability of API access and support for automated trading is not mentioned in the search results.

  

5. Account Types and Trading Conditions

  Standard Account Conditions:

  • Specific details regarding minimum deposits, spreads, and commissions for standard accounts are not provided.

  Advanced Account Types:

  • There is no information on advanced account types such as VIP or professional accounts.

  Special Accounts:

  • Information regarding specialized accounts, such as Islamic or corporate accounts, is not available.

  Demo Account Policy:

  • The search results do not mention whether Water offers demo accounts for practice trading.

  Leverage Ratios:

  • The leverage ratios available for different products are not disclosed.

  Minimum Trade Sizes:

  • There is no information on the minimum trade sizes applicable to different accounts.

  Overnight Fees Policy:

  • Details regarding overnight fees or swap rates are not provided.

  

6. Fund Management

  Supported Deposit Methods:

  • The search results do not specify which deposit methods are supported by Water, such as bank transfers, credit cards, or e-wallets.

  Minimum Deposit Requirements:

  • Information on minimum deposit requirements for different account types is not available.

  Deposit Processing Times:

  • The processing times for deposits have not been disclosed.

  Deposit Fees:

  • There is no information available regarding any fees associated with deposits.

  Withdrawal Methods and Restrictions:

  • The search results do not provide details on withdrawal methods or any restrictions that may apply.

  Withdrawal Processing Times:

  • Information on how long withdrawals take to process is not available.

  Withdrawal Fee Structure:

  • There is no mention of the fee structure for withdrawals.

  The term "Water broker" also highlights the importance of understanding the financial implications of funding and withdrawal processes in trading.

  

7. Customer Support and Educational Resources

  Support Channels:

  • Water provides customer support through various channels, but specific details on available methods such as phone, email, live chat, or social media are not mentioned.

  Service Hours and Time Zone Coverage:

  • The operational hours and time zone coverage for customer support have not been disclosed.

  Multilingual Support:

  • There is no information about the languages supported by the customer service team.

  Types of Educational Resources:

  • The availability of educational resources such as webinars, tutorials, or e-books is not specified.

  Market Analysis Services:

  • Information regarding daily market analysis, news, or research reports is not provided.

  Trading Tools:

  • The presence of trading tools such as calculators, calendars, or signal services is not mentioned.

  

8. Regional Coverage and Restrictions

  Main Service Markets:

  • Water primarily serves clients in the forex trading market, but specific regions are not detailed.

  Regional Office Distribution:

  • There is no information available on the distribution of regional offices.

  Countries/Regions Not Accepting Clients:

  • The search results do not specify any countries or regions from which clients are not accepted.

  Special Restrictions Information:

  • Information on any special restrictions regarding client eligibility or trading conditions is not provided.

  In conclusion, the information surrounding Water Holdings Group Limited, a water broker in the forex trading sector, raises several concerns regarding its regulatory status, product offerings, and overall transparency in operations. Potential clients are advised to exercise caution and conduct thorough research before engaging with this broker.

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Latest Reviews

FX1362561065

FX1362561065

Hong Kong

1. Water establishes illegal platform to induce foreign clients. 2. The platform makes fake propaganda since it has no licenses, which is a scam. 3. It’s illegal to conduct online promotion by VPN. 4. It’s illegal to recruit domestic workers to conduce forex business. 5. The website is https://www.lifuwater.com/. The customer service claims that they are located in Britain. Actually, its entity is in domestic. 6. It dismisses staff arbitrarily.

Exposure

2019-12-19

Water Forex Broker has an overall rating of 1.54, Regulatory Index 0.00, License Index 0.00, Business Index 7.20, Software Index 4.00 Risk Control Index 0.00.