Registration China Regulated Not Regulated Years of establishment 5-10 years Trading instruments Currency pairs, indices, metals, and energies Minimum Initial Deposit $5,000 USD Maximum leverage 1:500 Minimum spread Starting from 2.8 pips Trading platform MT4 Deposit and withdrawal method Unknown information Customer service E-mail, Telephone Fraud Complaint Exposure Available Overview of Zhanhuang Zhanhuang is an online trading platform that raises concerns about its legitimacy due to the lack of regulation. It offers a range of trading instruments and two types of trading accounts, namely VIP and Mini. The platform utilizes the MetaTrader 4 (MT4) platform, providing access to a user-friendly interface and advanced trading features. Zhanhuang offers customer support via email and telephone. However, specific details regarding spreads, commissions, and deposit/withdrawal methods are not readily available. Traders are advised to exercise caution and conduct thorough research before considering trading with Zhanhuang or any unregulated broker. Is Zhanhuang legit or a scam？ Zhanhuanglegit does not possess a license, which raises concerns about its legitimacy as a broker. Regulation plays a crucial role in the financial industry, as it ensures that brokers adhere to certain standards and guidelines, providing protection and security for traders. Regulated brokers are subject to oversight and are required to follow strict rules regarding client funds, transparency, and fair trading practices. Choosing a regulated broker offers several benefits for traders. It provides a higher level of confidence and trust, as regulated brokers are held accountable for their actions and are subject to regular audits. Additionally, regulated brokers often offer investor compensation schemes and dispute resolution mechanisms, providing further protection in case of any issues or misconduct. To protect your interests and funds, it is strongly advised to trade with regulated brokers that have a proven track record and a valid license. Before choosing a broker, always verify their regulatory status, conduct thorough research, and seek feedback from reliable sources. By selecting a regulated broker, you can have greater peace of mind and reduce the risks associated with trading. Pros and Cons ZhanHuang offers the popular MetaTrader 4 (MT4) platform, known for its user-friendly interface and advanced features. Traders can benefit from its robust charting tools, real-time price data, and efficient order execution, enhancing their trading experience. Additionally, ZhanHuang provides educational resources, including an economic calendar, market reports, and technical charts, which can help traders stay informed and make well-informed trading decisions. The platform also offers a wide range of tradable products, allowing traders to access various markets and diversify their portfolios. Moreover, ZhanHuang offers high leverage of up to 1:500, enabling traders to amplify their trading potential and take larger positions in the market. It's important to note that there are complaints about the broker, indicating potential issues with their services or customer support. Traders should consider these complaints and conduct further research to assess the broker's reputation and reliability. Another drawback is the lack of regulation, which raises concerns about transparency and the safety of funds. Regulation provides an additional layer of protection for traders, and the absence of it may increase the risks associated with trading with ZhanHuang. Furthermore, ZhanHuang does not offer the MetaTrader 5 (MT5) platform, which may disappoint traders who prefer its advanced features and enhanced capabilities. Lastly, the absence of a copy trading feature limits the options for traders interested in replicating successful trades from other traders, which can be a valuable tool for learning and diversifying strategies. Pros Cons Offers MetaTrader 4 (MT4) platform There are Complaints about the broker Provides educational resources Lack of regulation Wide range of tradable products No MetaTrader 5 (MT5) platform HIgh leverage up to 1:500 No copy trading feature Market Instruments ZhanHuang offers a wide range of trading options, including currency pairs, indices, metals, and energies. This allows customers to access a diverse and extensive trading market. However, it is important to note that trading in cryptocurrencies, stocks, and futures is currently not available on the platform. Account Types ZhanHuang offers two types of trading accounts: VIP Account and Mini Account. Here is a description of each account type: VIP Account: Minimum Deposit: $10,000 USD Account Maximum Amount: Unlimited Spreads: Starting from 2.8 pips Minimum Lot Size: 0.01 lots Leverage Options: 1:100, 1:200, 1:400, 1:500 Standard Lot Size: 100,000 units Account Type: VIP Account Mini Account: Minimum Deposit: $5,000 USD Account Maximum Amount: Unlimited Spreads: Starting from 2.8 pips Minimum Lot Size: 0.01 lots Leverage Options: 1:100, 1:200, 1:400, 1:500 Standard Lot Size: 100,000 units Account Type: Personal Account Account Type VIP Account Mini Account Minimum Deposit $10,000 USD $5,000 USD Account Maximum Amount Unlimited Unlimited Spreads Starting from 2.8 pips Starting from 2.8 pips Minimum Lot Size 0.01 lots 0.01 lots Leverage Options 1:100, 1:200, 1:400, 1:500 1:100, 1:200, 1:400, 1:500 Standard Lot Size 100,000 units 100,000 units The VIP Account is designed for traders who are willing to deposit a higher amount and enjoy additional privileges and benefits. It offers higher leverage options and potentially lower spreads. On the other hand, the Mini Account is suitable for traders with lower capital and offers similar trading conditions as the VIP Account but with a lower minimum deposit requirement. How to Open an Account？ Here are the simplified steps to open an account with ZhanHuang: Visit the website: Go to https://zhanhuangintl.com/ using a web browser. 2. Locate the registration button: Look for the “Open Account” or “Register” button on the website's homepage. 3. Fill in your information: Provide the required details such as your full name, email address, phone number, and country of residence in the provided form. 4. Create your login credentials: Choose a username and password that meet the specified requirements to secure your account. 5. Submit your application: Review the terms and conditions, verify the information you've entered, and click on the “Submit” or “Open Account” button to send your application. Once you have completed these steps, your account registration will be processed. Depending on the broker's procedures, you may need to undergo additional verification or provide supporting documents. It's recommended to check with ZhanHuang's customer support for any specific instructions or requirements during the account opening process. Leverage ZhanHuang offers a maximum leverage of 1:500. This means that for every unit of capital you have in your trading account, you can control a position in the market that is up to 500 times larger. Leverage allows traders to amplify their trading potential and increase the size of their positions. With a leverage of 1:500, even with a relatively small amount of capital, you can control a much larger trading position. It's important to note that while high leverage can increase potential profits, it also comes with increased risk. Higher leverage magnifies both gains and losses, so careful risk management is crucial when trading with leverage. Traders should consider their risk tolerance and trading strategy before utilizing high leverage. Spreads &Commissions ZhanHuang offers spreads starting from 2.8 pips for their trading accounts. However, there is no specific information available regarding commissions on their website or in the provided description. It's important to note that spreads are the difference between the buying and selling prices of a financial instrument, and they can vary depending on market conditions and the specific trading account you choose. Commissions, on the other hand, refer to any additional fees charged by the broker for executing trades. Since there is no commission information provided, it is recommended to contact ZhanHuang directly or refer to their official website to get accurate and up-to-date details about the spreads and commissions associated with their trading accounts. This will help you assess the overall cost of trading with ZhanHuang and make informed decisions. Trading Platform ZhanHuang offers the MetaTrader 4 (MT4) platform, which is available in different versions to cater to the needs of various users. Here are the main user interfaces of the MT4 platform provided by ZhanHuang: Desktop Client: The desktop client is the standard version of MT4 that can be installed on Windows-based computers. It offers a comprehensive set of features, including real-time price charts, customizable indicators, and the ability to execute trades directly from the platform. Traders can monitor market movements, analyze trends, and manage their positions efficiently. WebTrader: ZhanHuang also provides a web-based version of the MT4 platform called WebTrader. This version allows users to access their trading accounts through a web browser without the need for downloading or installing any software. WebTrader offers similar features as the desktop client and provides traders with the flexibility to trade from any device with an internet connection. Mobile Apps: ZhanHuang offers mobile applications for iOS and Android devices, enabling traders to access their accounts and trade on the go. The mobile app provides a user-friendly interface with advanced charting tools, real-time quotes, and the ability to place trades quickly. It allows traders to stay connected to the market and manage their positions conveniently from their smartphones or tablets. Deposit & Withdrawal ZhanHuang does not provide clear information about the deposit and withdrawal methods on their website. Customers are required to use the “ZhanHuang Expert Advisor” or “ZhanHuang Structure Index Signal” to determine where to submit their application for deposit and withdrawal. However, the specific methods for depositing and withdrawing funds are not explicitly mentioned on the website. To obtain accurate and up-to-date information about deposit and withdrawal methods, it is recommended that customers contact ZhanHuang's customer service directly. By reaching out to their customer support team, customers can inquire about the available payment options, processing times, any associated fees, and other relevant details regarding deposits and withdrawals. Being fully informed about the deposit and withdrawal procedures is essential to ensure a smooth and transparent transaction process. Customer Support ZhanHuang can be reached through two main contact methods: email and telephone. Email Support: You can contact ZhanHuang's customer support team by sending an email to service@zhanhuangintl.com. This allows you to communicate your inquiries, concerns, or requests in writing. The support team will review your email and provide a response to assist you with your query or provide the necessary information. Telephone Support: Another option to reach customer support is by calling the telephone number +852-54998214. Educational Resources ZhanHuang offers a range of educational resources to assist traders in their market analysis and decision-making process. Here's a description of the available educational resources: Economic Calendar: The economic calendar provided by ZhanHuang enables traders to stay updated on important economic events and announcements. It includes key indicators, such as interest rate decisions, GDP releases, employment reports, and more. Market Reports: ZhanHuang provides market reports that offer insights into various financial markets, including forex, stocks, indices, and commodities. These reports cover market trends, analysis, and commentary on current market conditions. Traders can leverage this information to stay informed about market developments and make informed trading decisions. Technical Charts: ZhanHuang offers access to technical charts, which display price movements and patterns of various financial instruments. These charts provide valuable visual information to traders, allowing them to analyze historical price data, identify trends, and apply technical indicators. Technical analysis can help traders identify potential entry and exit points for their trades. Technical Analysis: ZhanHuang also provides educational resources on technical analysis techniques. These resources explain different technical indicators, chart patterns, and trading strategies. Traders can learn how to interpret price charts, use indicators effectively, and apply technical analysis principles in their trading decisions. Conclusion In summary, ZhanHuang raises concerns about its legitimacy as a broker due to the lack of a license. It offers a variety of trading instruments and two types of trading accounts, but specific details about spreads, commissions, and deposit/withdrawal methods are not readily available. The platform utilizes the popular MetaTrader 4 (MT4) platform and provides customer support via email and telephone. It is important to exercise caution and conduct thorough research before considering trading with ZhanHuang or any unregulated broker. FAQs Q1: Is Zhanhuang a regulated broker？ A1: No, Zhanhuang does not possess a license, raising concerns about its legitimacy as a broker. Q2: What are the available trading account types at Zhanhuang？ A2: Zhanhuang offers VIP and Mini trading accounts. Q3: What is the maximum leverage offered by Zhanhuang？ A3: Zhanhuang provides a maximum leverage of 1:500. Q4: Are there any commissions charged by Zhanhuang？ A4: The website does not provide specific information about commissions. It is recommended to contact Zhanhuang directly for accurate details. Q5: What trading platform does Zhanhuang offer？ A5: Zhanhuang provides the MetaTrader 4 (MT4) platform for trading, available in desktop, web, and mobile versions.