ABSystem Broker Review

Shijixing 2025 In-Depth Review: Opportunity or Trap？

Executive Summary

Shijixing is positioned as a trading broker in a fast-evolving financial landscape, attracting individuals with promises of low-cost trading options and access to diverse financial instruments. However, the broker attracts skepticism due to numerous claims of fraud and user complaints regarding withdrawal issues. This article aims to guide potential investors by presenting the critical aspects surrounding Shijixing, emphasizing the inherent risks potential users may face.

While Shijixing too offers attractive trading features, investors are urged to approach with caution, particularly those lacking experience or an understanding of the financial markets.

⚠️ Important Risk Advisory & Verification Steps

Risk Statement:

Entering into trading with Shijixing poses potential financial risks that should not be underestimated.

Potential Harms:

• Loss of funds due to withdrawal issues.
• Exposure to unregulated trading practices.
• Potential scams leading to financial and identity theft.

Self-Verification Steps:

1. Check Regulatory Status:

• Visit authoritative regulatory sites like the NFA or SEC to validate claims made by Shijixing.

1. Review Customer Feedback:

• Conduct research on platforms like Reddit or trading review sites to assess past user experiences regarding withdrawal processes and overall satisfaction.

1. Inspect Business History:

• Look for the founding year and changes in the business model of Shijixing to identify any red flags.

1. Analyze Terms and Conditions:

• Thoroughly read through Shijixings terms of service for any hidden fees or deceptive practices.

1. Contact Customer Support:

• Reach out to their support team to gauge responsiveness and transparency regarding accounts or withdrawal inquiries.

1. Seek Third-party Reviews:

• Consult third-party review sites for unbiased evaluations of the broker's performance.

Rating Framework

Broker Overview

Company Background and Positioning

Shijixing was established in 2009, a relatively new contender in the trading brokerage industry. Headquartered in Qingyun Country, Shandong Province, China, it predominantly focuses on low-cost trading offerings. Shijixing aims to cater to cost-conscious traders looking for a platform facilitating futures and options trading. However, skepticism looms over its legitimacy, given the lack of verifiable regulatory compliance.

Core Business Overview

Shijixing purports to offer services focusing on futures and options trading, primarily aimed at low transaction costs. Although it claims affiliation with various regulatory bodies, there are inconsistencies in these claims. It provides access to a variety of trading platforms, including popular names like MetaTrader 5 and NinjaTrader.

Quick-Look Details Table

In-depth Analysis of Each Dimension

Trustworthiness Analysis

Shijixing operates in an environment where users are often unsure about the broker's legitimacy.

The regulatory information surrounding Shijixing is riddled with conflicts. Numerous user reports indicate difficulties in withdrawing funds, raising concerns regarding the broker's liquidity and regulatory compliance. For potential traders considering Shijixing, it is essential to familiarize oneself with credible verification methods.

1. User Self-Verification Guide:
2. Visit the NFA's BASIC database to check broker registrations.
3. Search for reviews or discussions on Reddit or similar platforms where users discuss their own experiences.
4. Assess regulatory claims by directly searching on the official websites of the claimed authorities.
5. Verify business addresses provided on the site against those listed in official business registration databases.
6. Keep a record of all communications with Shijixing to assist in possible dispute resolutions.
7. Follow up on any advice from financial watchdog websites regarding scam alerts.

Industry feedback suggests "More red flags than a Chinese parade," according to comments from disgruntled users, illustrating widespread concern about the safety of funds deposited with Shijixing.

I have traded on and off for years with legit brokers; I have never been asked for any fees other than spreads/commissions, which is normal. When I compare this with Shijixing, it seems everything they mentioned is nonsense." – User Feedback

Trading Costs Analysis

The cost structure of Shijixing presents a double-edged sword effect.

1. Advantages in Commissions:

   Shijixing promotes low commission rates which could attract many traders. User reviews have highlighted zero commissions on specific trade types, appealing to those looking for lower operational costs.

2. The "Traps" of Non-Trading Fees:

   Despite the attractive commission structure, reports reveal hefty withdrawal fees that can be as high as $30, significantly impacting overall profitability.

"I always need to make a payment before I withdraw my profit," says a fed-up trader.

1. Cost Structure Summary:

   While commission rates may be attractive for some, prospective users must weigh these against potential hidden fees that could lead to excessive costs for withdraws.

Platforms & Tools Analysis

In terms of "professional depth vs. beginner-friendliness," Shijixing strikes a precarious balance.

1. Platform Diversity:

   Shijixing offers users access to MetaTrader 5, a highly regarded platform known for its robust functionalities. However, the availability of trading tools and resources may vary significantly, which could deter beginning traders who are accustomed to more supportive environments.

2. Quality of Tools and Resources:

   Feedback indicates a lack of educational materials, creating obstacles for less experienced traders trying to familiarize themselves with the platform's features.

3. Platform Experience Summary:

   Overall user experiences are a cause for concern. According to user feedback, the platform is often described as non-intuitive and complicated for newcomers.

“It feels overly complicated and not very user-friendly,” reflects an unhappy user.

User Experience Analysis

User experience on Shijixing can be described as mixed, with many traders experiencing challenges.

Many users have expressed frustration regarding the complexity of the platform and difficulty navigating the interface.

Customer Support Analysis

A vital aspect of trading is the customer support offered by the brokerage.

1. Quality Assessment:

   User reports frequently cite poor customer support experiences, with agents being unresponsive or not resolving concerns satisfactorily when withdrawal issues were raised. This lack of adequate support results in heightened anxiety and diminished trust among clients.

2. Historical Overview:

   One user noted, “When I finally managed to reach support, they were unhelpful,” marking a concerning trend where timely and effective customer service is not prioritized.

Account Conditions Analysis

The conditions under which traders can access accounts with Shijixing seem accessible on the surface but carry risks.

1. Minimum Deposit and Conditions:

   While offering a relatively low minimum deposit of $100, which is attractive for novice traders, the landscape quickly grows torrid when considering potential withdrawal restrictions and reports of non-responsive support.

In conclusion, while Shijixing presents a potentially alluring option for the low-cost trader, there is a profound need for caution. The risks associated with regulatory compliance, user experiences, and hidden fees could escalate into significant liabilities for the unknowing investor. As always, thorough research and robust verification are vital in navigating this landscape.