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

INDUSTRIAL SECURITIES INTERNATIONAL Broker Review

Rating Index

Pros

Established and reputable broker with over 30 years of experience in the industry.
Regulated by both the Chinese Securities Regulatory Commission (CSRC) and the Hong Kong Securities and Futures Commission (SFC), providing a level of trust and security for clients.
Offers a wide range of financial instruments, including forex, CFDs, commodities, and indices, catering to diverse trading needs.

Cons

Does not support popular trading platforms like MT4 or MT5, which may limit options for some traders.
Customer support ratings are average, indicating potential challenges in obtaining timely assistance.
No insurance for clients' funds, which may raise concerns about the safety of deposits in certain situations.

INDUSTRIAL SECURITIES INTERNATIONAL Review 1

Latest All(1) Exposure(1)
Exposure
Fraud

Can't withdrawfunds, use various reasons to prevent the withdrawal

小草24929
2021-01-20

Industrial Securities 2025 In-Depth Review: Opportunity or Trap?

Executive Summary

Industrial Securities is a well-regarded online brokerage that primarily caters to retail and institutional investors in the Asian market. Founded in 1991, this brokerage boasts a broad suite of financial instruments, including forex, CFDs, commodities, and more, attracting clients with its competitive fee structures. However, while the low commissions and an impressive array of trading options are appealing, users have voiced concerns regarding customer service deficiencies and the brokerage's limited international presence. Thus, potential clients must weigh the benefits against these significant drawbacks to make informed investment decisions.

The ideal clients for this brokerage include retail and institutional investors who are familiar with or located in Asia and are in search of a reliable trading platform with accessible costs. However, those requiring robust customer support or advanced trading functionalities may find Industrial Securities lacking.

⚠️ Important Risk Advisory & Verification Steps

Investors should be mindful of the following risks associated with Industrial Securities:

  • Subpar Customer Service: Reports indicate frequent complaints regarding customer support efficiency.
  • Withdrawal Challenges: User feedback includes negative experiences surrounding the withdrawal processes and potential account freezes.
  • Lack of Fund Insurance: There is no insurance cover for client funds, raising concerns about safety.

Self-Verification Steps

To ensure due diligence, users should follow these verification steps:

  • Visit Regulatory Websites:
    • Check the official websites of the Securities and Futures Commission (SFC) and the Chinese Securities Regulatory Commission (CSRC) to verify licensing.
    • Use Authoritative Databases:
      • Utilize resources like the NFAs BASIC database to confirm the regulatory status of the brokerage.
      • Review User Feedback:
        • Look at independent forums and review sites for user experiences regarding withdrawals and customer service issues.
        • Contact Support:
          • Test the response time and quality of support by sending inquiries to customer service.

          Remember: Engaging with a broker that lacks transparency and accountability can lead to significant financial risks.

          Rating Framework

          Dimension Rating Justification
          Trustworthiness 3.0 Mixed reviews on regulatory compliance and safety.
          Trading Costs 4.5 Competitive commission structure.
          Platforms & Tools 3.5 Offers proprietary platforms but lacks MT4/MT5.
          User Experience 3.0 Complaints about customer service quality.
          Customer Support 2.5 Limited support options and availability.
          Account Conditions 4.0 No minimum deposit requirement, but withdrawal fees exist.

          Broker Overview

          Company Background and Positioning

          Industrial Securities has established itself as a significant player in the financial services industry since its inception in 1991. Headquartered in Fuzhou, China, the company primarily operates within the regulatory frameworks of both the CSRC and SFC, focusing on the Asian markets. Though it has maintained a robust presence in the securities and futures brokerage space, the firm is also aware of its shortcomings, particularly in customer service and international outreach, which have been notable pain points for its clientele.

          Core Business Overview

          Industrial Securities offers diverse financial services that cater to a variety of asset classes, including futures, options, forex, and commodities. Its platforms allow clients to trade financial instruments listed across major global exchanges such as the NYSE, NASDAQ, and ASX, revealing its commitment to broad market access. Nevertheless, concerns regarding the quality of customer care and the handling of client accounts remain prominent.

          Quick-Look Details Table

          Key Details Information
          Regulation SFC (Hong Kong), CSRC (China)
          Minimum Deposit $0
          Leverage Up to 500:1
          Major Fees Trading commissions: 0.03% - 0.75%; Min HKD 100 / ¥ 5

          In-Depth Analysis of Each Dimension

          Trustworthiness Analysis

          Regulatory Information Conflicts

          There are ongoing discussions concerning the regulatory standing of Industrial Securities, given the mixed responses it has garnered. Various sources indicate that while it is regulated by authorities in Hong Kong and China, discrepancies in user experiences may point to underlying trust issues.

          User Self-Verification Guide

          • Visit the SFC website: Confirm that the broker's licenses are active.
          • Check with the CSRC: Verify if the broker holds appropriate licenses for engaging in securities trading.
          • Browse financial forums: Check for discussions around broker legitimacy.
          • Contact regulatory bodies: If in doubt, reach out to regulators directly for any queries regarding the brokerage.
          • "While engaging with Industrial Securities, self-verification of the broker's claims concerning regulation and fund safety is crucial for compliance and protection of one's investment."

            Trading Costs Analysis

            Advantages in Commissions

            Industrial Securities presents an attractive commission structure, making it a noteworthy choice for cost-conscious traders. The trading commissions range from 0.03% to 0.75%, positioning the firm favorably against competitors.

            The "Traps" of Non-Trading Fees

            Despite the appealing trading costs, traders should be aware of non-trading expenses. User feedback highlights $30 withdrawal fees and potential issues related to account freezes, which could impair liquidity.

            Cost Structure Summary

            In summary, while trading costs are low, the presence of withdrawal fees and the potential for frozen accounts could complicate the overall cost-effectiveness of making trades.

            Platforms & Tools Analysis

            Platform Diversity

            Industrial Securities offers its own proprietary trading platforms, which, while functional, lack the advanced capabilities of more widely used platforms like MT4 or MT5, creating a potential disadvantage for users seeking sophisticated trading tools.

            Quality of Tools and Resources

            Tools provided by the platform are deemed adequate, with basic charting tools and analytics available. However, the educational resources could be greatly improved to better support novice traders.

            Platform Experience Summary

            User feedback has reflected a general sentiment of usability but with distinct criticisms directed at the absence of advanced platforms.

            User Experience Analysis

            User Feedback Overview

            Users express mixed opinions regarding their experiences with the brokerage. Negative sentiments often revolve around inadequate customer service support during critical trading hours.

            Notable Positive Experiences

            Not every aspect is negative; some users have reported positive experiences centered on the platform's functionality and competitive trading costs.

            Common Complaints

            A significant concern remains regarding customer service. Complaints about slow response times and limited assistance options are prevalent, leading to user dissatisfaction during peak trading periods.

            Customer Support Analysis

            Support Channels Available

            Industrial Securities provides limited support channels that primarily include email and phone contact. There is currently no provision for live chat support, which may hinder immediate user assistance.

            Response Times and Quality

            User experiences suggest that response times can be lengthy, which frustrates clients needing urgent support. Consequently, this may lead to silent losses or poor investment decisions during high-volatility scenarios.

            Suggestions for Improvement

            Enhancing the support teams availability and responsiveness, and introducing live chat features could substantially improve overall customer satisfaction.

            Account Conditions Analysis

            Account Types and Features

            The brokerage offers standard account types without minimum deposit requirements, making it accessible for new traders. However, limits on certain account features could affect trading strategies.

            Deposit and Withdrawal Processes

            While the lack of a minimum deposit is attractive, withdrawal processes often come with fees and are perceived as cumbersome, leading to user apprehension.

            Overall Account Experience Summary

            Overall, while account flexibility is a plus, concerns about hidden fees and the withdrawal process remain crucial factors for potential clients to consider before engaging with Industrial Securities.

            Conclusion

            In conclusion, Industrial Securities is a broker that appears strong in competitive trading costs and product offerings but remains beset by notable risks, particularly regarding customer service and fund safety. Prospective investors must carefully evaluate these trade-offs to ensure that their trading needs align with the company's capabilities and support structures. Ultimately, making informed choices will be key to navigating the opportunities and pitfalls associated with this brokerage.

INDUSTRIAL SECURITIES INTERNATIONAL review