Xiangcai Securities foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.xcsc.com/main/index/index.shtml, about the company's legal and temporary regulatory information, the company's address 湖南省长沙市天心区湘府中路198号新南城商务中心A栋11楼.
Xiangcai Securities Co., Ltd. was founded in 1992 and is headquartered in Changsha, Hunan Province, China. The company operates as a private entity and has established itself as a significant player in the financial services sector, providing a range of securities brokerage and financial advisory services. The primary market served by Xiangcai Securities includes individual investors and institutional clients across China.
Throughout its development, Xiangcai Securities has achieved several milestones, including its initial establishment and subsequent growth within the competitive landscape of Chinese financial services. The company was formerly known as Hunan Xiangcai Securities and has undergone various transformations to adapt to the evolving market demands. In recent years, Xiangcai Securities has also been involved in mergers and acquisitions, further solidifying its position in the industry.
The business model of Xiangcai Securities encompasses retail forex trading, institutional services, and comprehensive financial advisory solutions. As a recognized Xiangcai Securities broker, the firm aims to cater to the diverse needs of its clientele by providing efficient trading platforms and expert financial advice.
Xiangcai Securities operates under the supervision of multiple regulatory bodies in China. The primary regulatory authorities include:
The company holds the necessary licenses to operate as a securities broker, and specific regulatory numbers can be provided upon request. The licenses are valid for a wide range of activities, including securities brokerage, investment advisory, and portfolio management.
In terms of legal entities, Xiangcai Securities is registered in China and adheres to the local laws and regulations governing financial services. The company has implemented robust policies for client fund segregation, ensuring that client assets are kept separate from the company's operational funds.
Xiangcai Securities participates in investor compensation schemes, providing an additional layer of security for its clients. The firm is committed to adhering to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, ensuring that all client identities are verified and monitored to prevent illicit activities.
Xiangcai Securities offers a diverse range of trading products to its clients. The forex trading segment includes a wide variety of currency pairs, catering to both major and minor currencies. The company provides access to various CFD products, including:
Additionally, Xiangcai Securities may offer unique or specialized trading products tailored to meet the needs of specific client segments. The frequency of product updates and the introduction of new trading instruments are aligned with market trends and client demand.
For retail clients, the company provides comprehensive trading services, allowing for seamless execution and management of trades. Institutional clients also benefit from tailored services, including liquidity provision and white-label solutions. Furthermore, Xiangcai Securities may offer asset management services to clients seeking professional portfolio management.
Xiangcai Securities supports the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, providing clients with advanced trading tools and features. The company may also offer a proprietary trading platform designed to enhance user experience and facilitate efficient trading.
The firm provides a web-based trading platform that allows clients to trade directly from their browsers without the need for software installation. Additionally, mobile trading applications are available for both iOS and Android devices, enabling clients to manage their accounts and execute trades on the go.
In terms of execution models, Xiangcai Securities utilizes ECN, STP, and Market Making models to ensure optimal trade execution. The company's technological infrastructure is robust, with servers located in strategic locations to minimize latency and enhance trading performance. API access and automated trading support are also available for clients looking to implement algorithmic trading strategies.
Xiangcai Securities offers various account types to cater to the differing needs of its clients. The standard account conditions include:
Advanced account types, such as VIP or professional accounts, may offer enhanced trading conditions, including lower spreads and higher leverage. Special account options, such as Islamic accounts and corporate accounts, are also available to meet specific client requirements.
The company provides a demo account policy that allows prospective clients to practice trading without financial risk. Leverage ratios vary across different products, enabling clients to choose their preferred level of risk. The minimum trade size is clearly defined, and overnight fees are applicable based on the clients trading activity and positions held.
Xiangcai Securities supports a variety of deposit methods, including:
The minimum deposit requirements differ based on the type of account selected, with processing times for deposits generally being swift. Clients are advised to check for any deposit fees that may apply.
Withdrawal methods and limitations are clearly outlined, with processing times varying depending on the method chosen. The fee structure for withdrawals is also provided to ensure transparency for clients.
Xiangcai Securities offers multiple channels for customer support, including:
The service hours are aligned with major trading sessions, ensuring support is available when clients need it most. The company provides multilingual support to accommodate its diverse client base.
In terms of educational resources, Xiangcai Securities offers a variety of materials, including webinars, tutorials, and e-books. Market analysis services are also available, providing clients with daily insights, news updates, and research reports.
The company equips traders with essential tools, such as calculators, economic calendars, and signal services, to enhance their trading experience and decision-making.
Xiangcai Securities primarily serves clients in China and may have a presence in other regions as it expands its services. The company has regional offices strategically located to support its operations and client interactions.
However, certain countries and regions may be restricted from opening accounts with Xiangcai Securities due to regulatory compliance issues. Specific restrictions and limitations are disclosed to prospective clients during the account registration process.
In summary, Xiangcai Securities has established itself as a reputable Xiangcai Securities broker, providing a comprehensive suite of trading services and products to meet the diverse needs of its clients. The company's commitment to regulatory compliance, customer support, and educational resources further enhances its standing in the financial services industry.
yujin3110
Hong Kong
In this September, a stranger, who proclaimed as the salesman of a security company, added me and pulled me into a stock group, in which Chen Daoming gave stock recommendation and analysis. Having listened for while, I figure out that the stock recommended was profitable. But several days later, saying that the stock market was volatile, he recommended us Xiangcai Securities and sent his profit screenshots to induce us. Without hesitation, I joined. Then he asked us to operated one-third of the position to avoid the risk. Many members sent the profit screenshots as well as the red pockets to the group. At this time, Chen claimed that if we want to earn more profit like 10%, we need to add fund. I didn’t resist the temptation and deposited 390000 RMB. And I made all losses within 2 days.
Exposure
2019-12-23