INDUSTRIAL SECURITIES INTERNATIONAL Review 1
Can't withdrawfunds, use various reasons to prevent the withdrawal


INDUSTRIAL SECURITIES INTERNATIONAL Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
Can't withdrawfunds, use various reasons to prevent the withdrawal
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.
Investors should be mindful of the following risks associated with Industrial Securities:
To ensure due diligence, users should follow these verification steps:
Remember: Engaging with a broker that lacks transparency and accountability can lead to significant financial risks.
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. |
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.
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.
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 |
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.
"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."
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.
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.
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.
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.
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.
User feedback has reflected a general sentiment of usability but with distinct criticisms directed at the absence of advanced platforms.
Users express mixed opinions regarding their experiences with the brokerage. Negative sentiments often revolve around inadequate customer service support during critical trading hours.
Not every aspect is negative; some users have reported positive experiences centered on the platform's functionality and competitive trading costs.
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.
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.
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.
Enhancing the support teams availability and responsiveness, and introducing live chat features could substantially improve overall customer satisfaction.
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.
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, 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.
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.
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