Search

GUOSEN SECURITIES Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!

GUOSEN SECURITIES Broker Review

1.50

WikiFX monitor

Business

Influence B

License

No license

GUOSEN SECURITIES Review 1

Latest All(1) Exposure(1)
Exposure
Fraud

Unable to withdraw. My account has been frozen and I was asked to pay margin. I realize I am cheated then

FX1366229000
2021-02-05

  

Guosen Securities 2025 Review: Everything You Need to Know

  In this comprehensive review of Guosen Securities, we delve into the broker's overall reputation, user experiences, and key features. Guosen Securities, a prominent player in the Chinese financial market, has received mixed feedback from users and experts alike. While some commend its regulatory compliance and diverse offerings, others raise concerns about customer service and withdrawal issues.

  Note: It's important to highlight that Guosen Securities operates through different entities in various regions, which can impact user experiences and regulatory oversight. This review aims to present a balanced view based on multiple sources for fairness and accuracy.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 7
Tools and Resources 6
Customer Service and Support 5
Trading Experience 6
Trust Level 5
User Experience 6
Additional Features 7

  How We Rate Brokers: Our ratings are based on a synthesis of user feedback, expert analysis, and factual data regarding services and offerings.

  

Broker Overview

  Founded in 1994, Guosen Securities has established itself as a significant entity in the financial services sector, with its headquarters in Shenzhen, China. The broker offers a proprietary trading platform but does not support popular platforms like MT4 or MT5. Clients can trade various asset classes, including stocks, forex, and commodities. Guosen Securities is regulated by both the China Securities Regulatory Commission (CSRC) and the Hong Kong Securities and Futures Commission (SFC), adding a layer of credibility to its operations.

  

Detailed Analysis

  

Regulatory Regions

  Guosen Securities operates primarily in China and Hong Kong, adhering to the regulations set forth by the CSRC and SFC. This dual regulatory framework is designed to enhance investor protection and ensure compliance with local laws. However, it's crucial to note that the broker has faced scrutiny in the past, including a significant fine from the SFC for failure to report suspicious transactions, which may impact its reputation among potential clients.

  

Deposit/Withdrawal Currencies and Cryptocurrencies

  The broker primarily supports bank transfers for deposits and withdrawals, with no mention of cryptocurrency trading options. Clients can deposit funds in various currencies, but specific details on supported currencies are limited. The minimum deposit requirement is reported to be $0, making it accessible for new traders.

  

Promotions and Bonuses

  While there are no specific promotional offers highlighted in the search results, Guosen Securities has been known to provide bonuses to attract new clients. However, users should carefully read the terms and conditions associated with such promotions, as they may come with restrictions that could affect trading.

  

Tradable Asset Classes

  Guosen Securities provides access to a range of financial instruments, including stocks, forex, commodities, and indices. This diverse offering allows traders to build a varied portfolio, catering to different investment strategies. However, the lack of advanced trading platforms like MT4 or MT5 may limit some traders' experiences.

  

Costs (Spreads, Fees, and Commissions)

  The trading costs with Guosen Securities are relatively competitive, with commissions ranging from 0.25% to 0.03% of the traded value, with a minimum fee of ¥5. While these fees are lower than some competitors, users should be aware of any hidden costs related to withdrawals or inactivity.

  

Leverage

  Leverage options are not explicitly mentioned in the search results, which could be a concern for traders looking for high-leverage opportunities. It's advisable for potential clients to inquire directly with Guosen Securities regarding their leverage offerings.

  

Allowed Trading Platforms

  As noted, Guosen Securities does not support popular trading platforms such as MT4 or MT5, which may deter some users who prefer these more established interfaces. Instead, clients must utilize the broker's proprietary platform, which has received mixed reviews regarding its functionality and ease of use.

  

Restricted Regions

  There is limited information regarding specific countries where Guosen Securities may be restricted. However, users should be cautious and verify whether their country of residence allows trading with this broker, particularly given the regulatory complexities involved.

  

Available Customer Support Languages

  Guosen Securities primarily offers customer support in Chinese, which may pose challenges for non-Chinese speaking clients. While some resources may be available in English, the overall support experience could be hindered for those who do not speak the language.

  

Rating Overview (Revisited)

Category Rating (out of 10)
Account Conditions 7
Tools and Resources 6
Customer Service and Support 5
Trading Experience 6
Trust Level 5
User Experience 6
Additional Features 7

  

Detailed Breakdown

  •   Account Conditions (7/10): Guosen Securities offers a low minimum deposit requirement, which is appealing for new traders. However, the lack of multiple account types may limit options for more experienced traders.

  •   Tools and Resources (6/10): The broker provides basic trading tools but lacks advanced features that many traders seek. The absence of popular platforms like MT4 or MT5 is a significant drawback.

  •   Customer Service and Support (5/10): Customer service has received mixed reviews, with some users reporting slow response times and language barriers. This could be a significant concern for international clients.

  •   Trading Experience (6/10): While the trading experience is generally satisfactory, the proprietary platform may not meet the expectations of all traders, particularly those accustomed to more advanced interfaces.

  •   Trust Level (5/10): Guosen Securities' reputation has been marred by regulatory issues, including fines for compliance failures. This raises concerns about the broker's overall trustworthiness.

  •   User Experience (6/10): User experiences vary widely, with some praising the broker's offerings while others report issues with withdrawals and customer service.

  •   Additional Features (7/10): The broker's diverse range of tradable assets is a positive aspect, providing clients with multiple investment opportunities.

  •   In conclusion, Guosen Securities presents a mixed bag for potential traders. While it offers a range of financial products and complies with regulatory standards, concerns about customer service and past regulatory issues should not be overlooked. As always, prospective clients should conduct thorough research and consider their trading needs before engaging with Guosen Securities.