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CHINA BEST Forex Broker provides real users with * positive reviews, * neutral reviews and 5 exposure review!

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Latest All(5) Exposure(5)
Exposure
Zhongrong is a scam!

if somebody is signal provider in Zhongrong,go away as soon as possible,simple because you will never take your own fees,I was cheated with 1500 usd and all that after I kept all their rules,absolutely all of them,stay away,some greek guy tried to explain some bull**** like-don’t worry,your next payment will be ok…bla bla,but couldn’t say why I didn’t get my own money?!in fact they cheated me Just want to warn everybody who’s wasting his/her time with Zhongrong,they are just cheaters,STAY AWAY!!!

Rey
2021-09-21
Exposure
Unable to withdraw

You can trade in Zhongrong via Mini Program of WeChat. My application for withdrawal was refused on April 14, 2021. And at about 15:30, my account was frozen for no reason. The customer service didn’t reply to me, either.

FX1707304613
2021-04-15
Exposure
Fraud platform

Now the recharge of this platform is normal, but customers are not allowed to withdraw funds. I hope that the relevant departments will investigate carefully!

人定胜天59594
2021-01-22
Exposure
Unsolicited position closing in Zhongrong !The loss of T+0 is netted!

My surname is Sun,operating a small company and living a moderately prosperous life.I like investing some stocks in my daily life.In July,I entered in a group(Prime exchange circle,Liehu circle and Mantanghong circle),in which teacher Liehu and Mantanghong taught stocks everyday.Sometimes they chatted with us,talking about how to make profits by investing stocks.I felt that the teacher was professional since the recommended stock was on rise.Then he recommended us Zhongrong to take us to profit and asked assistant Da Peng to open accounts for us.Seeing so many members profiting by trading London Gold and Silver and American crude oil,I deposited 100000 RMB to follow the teacher,profiting in the next days.On one day in July,the teacher asked us to add fund since there was a cocking market.Thus,I added fund to 200000 RMB and only tens thousand yuan was left.I felt something abnormal which I was reluctant to believe subconsciously.Additionally,whenever I made a loss,the salesman and order-recommendation teacher of the platform would talk nonsenses and urge me to add fund gain more profits than losses.I added 320000 RMB in total.After making a loss of 200000 yuan,my remaining 90000 was in the status of closed position.I have realized that I have been cheated and wanted to make a withdrawal,while the analyst intended to my adding fund to $100000.

LanQ88666
2019-11-14
Exposure
Exposed in the international financial loss deceived the truth!Among them unknown dark curtain!

I met a self-proclaimed stock buddy by chance in a stock group.Later was pulled to an exchange group, the group has a teacher to recommend stocks stock analysis of the current stock market!Beginning teacher to recommend a few stock, I make a little bit, then the teacher said is bad to do, now or in the international money, do together in harmony international this platform, can make money, I have no contact with this, but also made the teacher took me to fry, teacher promise I can make money even I agreed to a few times a week, the teacher just drives me to open account soon.At the urging of my teacher, I considered opening an account on zhongrong international platform in one night and put over half of my savings into the fund.But follow the guidance of the teacher to do several single, let my account appear a huge loss, and then said let me rest assured, take me in double back.But it kept losing money.We lost $290,000 in one week, and the remaining 50,000 won't be sold for any reason.

薇11六1四3零2七1
2019-10-11

  

Zhongrong 2025 Review: Everything You Need to Know

  Zhongrong, a Hong Kong-based brokerage, presents a mixed picture for potential traders. While it is regulated by the Securities and Futures Commission (SFC) of Hong Kong and offers a variety of trading services, user experiences indicate notable concerns regarding fund withdrawals and overall trustworthiness. This review synthesizes key insights from various sources to provide a comprehensive overview of Zhongrong.

  Note: It is important to recognize that Zhongrong operates under different entities across regions, which may affect user experiences and regulatory oversight. This review is based on a variety of sources to ensure fairness and accuracy.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 5.5
Tools and Resources 5.0
Customer Service & Support 5.0
Trading Setup (Experience) 6.0
Trustworthiness 4.0
User Experience 5.5

  We rate brokers based on user feedback, regulatory status, and overall service quality.

  

Broker Overview

  Founded in 2003, Zhongrong International Holdings Limited operates primarily in Hong Kong. The brokerage is regulated by the SFC, which provides a level of oversight for its activities. While the company does not utilize popular trading platforms like MT4 or MT5, it offers its proprietary trading systems. Zhongrong provides access to various asset classes, including forex, commodities, and futures contracts, which allows traders a degree of flexibility in their trading strategies.

  

Detailed Analysis

  

Regulatory Regions

  Zhongrong is primarily regulated in Hong Kong by the Securities and Futures Commission (SFC). This regulatory body oversees the operations of financial institutions in the region, ensuring compliance with established standards. However, there are reports of operational issues, including a lack of transparency regarding fund management and withdrawal processes.

  

Deposit/Withdrawal Currencies

  Zhongrong accepts deposits via bank transfers, check deposits, and telegraphic transfers. However, it does not permit cash or third-party deposits, which can be a limitation for some traders. Withdrawal requests must be made before 11:00 AM for same-day processing; otherwise, they are processed the next business day.

  

Minimum Deposit

  Specific information regarding the minimum deposit requirement is not clearly stated in the available resources. This lack of clarity may deter potential traders who prefer clear guidelines on initial investments.

  

Bonuses/Promotions

  There is no mention of any current bonuses or promotional offers available through Zhongrong. This could be a drawback for traders seeking incentives to engage with new brokerage accounts.

  

Tradeable Asset Classes

  Zhongrong offers a wide variety of tradeable assets, including securities, futures, and commodities. The brokerage provides access to various futures markets, including index futures, currency futures, metal futures, and agricultural commodities. This diverse range of instruments allows traders to explore different market strategies.

  

Costs (Spreads, Fees, Commissions)

  The costs associated with trading at Zhongrong include commissions and exchange fees, but specific details on spreads and overall fee structures are not clearly defined. For instance, trading the Hang Seng Index futures incurs a commission of HKD 60 for intraday closure and HKD 100 for non-intraday closure. Traders need to be aware of these potential costs when planning their trading strategies.

  

Leverage

  Information regarding the maximum leverage offered by Zhongrong remains unspecified. This lack of clarity could be a concern for traders who rely on leverage to enhance their trading positions.

  

Allowed Trading Platforms

  Zhongrong does not support popular platforms like MT4 or MT5, which may be a significant disadvantage for traders accustomed to those systems. Instead, it provides its proprietary trading platforms, which may not offer the same level of functionality or user-friendliness.

  

Restricted Regions

  While specific restrictions on trading regions are not detailed, potential users should verify whether they can access Zhongrong's services based on their geographical location.

  

Available Customer Service Languages

  Zhongrong provides customer support primarily in Chinese and English, which may limit accessibility for non-Chinese speakers. The contact information is readily available, including a local Hong Kong phone number and an email address for inquiries.

  

Repeated Ratings Overview

Category Rating (out of 10)
Account Conditions 5.5
Tools and Resources 5.0
Customer Service & Support 5.0
Trading Setup (Experience) 6.0
Trustworthiness 4.0
User Experience 5.5

  

Detailed Breakdown

  •   Account Conditions (5.5): The lack of clear minimum deposit requirements and the absence of tiered accounts may limit options for traders.

  •   Tools and Resources (5.0): While Zhongrong offers proprietary trading platforms, they lack the popularity and features of MT4 or MT5, which could deter some traders.

  •   Customer Service & Support (5.0): Although customer support is accessible, the limited language options and the presence of negative reviews about responsiveness could be a concern.

  •   Trading Setup (Experience) (6.0): The trading experience is average, with the proprietary platforms needing more detailed information to assess their effectiveness fully.

  •   Trustworthiness (4.0): User reviews highlight significant concerns regarding fund withdrawals and allegations of fraudulent activities, which significantly impact trust.

  •   User Experience (5.5): Overall, user experiences are mixed, with some traders reporting difficulties in accessing funds and others noting satisfactory trading conditions.

  •   In conclusion, the Zhongrong review presents a brokerage with both potential and significant pitfalls. While it is regulated and offers a range of trading services, the concerns raised by users regarding fund management and customer service should not be overlooked. Potential traders are advised to conduct thorough research and consider these factors before engaging with Zhongrong.