TANRICH Broker Review

TANRICH Review 2

Latest All(2) Exposure(2)

Exposure

All our deposit money went to a briefcase company instead of the international forex market. This is a scam!

FX9489318426

2018-09-09

Exposure

TANRICHcarries out incited frauds

Under the cover of the member in Hong Kong Gold and Silver Trade Market (member number: 030),TANRICH runs businesses concerning international forex gold and futures agency. It induces investors. The trading software (MT4) is an demo account purchased from the platform. The money does not actually enter the international market, but go to different second-tier merchants through a third-party payment platform. The fraud gang added me to a WeChat group with the name of free stocks advice. They opened stream live studio and gave lessons about stocks. I was later incited to trade London gold. They induced me to hold heavy positions and trade with full positions. I have been invited to the scam platform by those fraudster and cheated of 280,000 yuan. After investigation, the funds were transferred through China UnionPay, Yinsheng and Huanxun and settled in real time. My investment in the Tanrich did not enter the so-called third-party supervision bank, but were transferred to several domestic shell companies in the name of consumer shopping. They gave falsified facts, claiming to be back by "Southwest Securities International" such a large enterprise, desperately advocating "London gold" is a profitable business. They said that I only needed to operate online, easy to make big money. Brokers portrayed the earnings outlook as golden picture, and avoided the harsh prospects of risk. Every day, the adviser would gave me advice via WeChat and over phone. And I must also send a screenshot of the transaction information to him. The adviser kept letting me make orders frequently, and the service fees have cost me a lot deducted. Finally, Let me hold heavy position, resulting in losing all my money.

+3

FX6829292231

2018-07-28

Tanrich 2025 Review: Everything You Need to Know

　　Summary: Tanrich, a Hong Kong-based forex broker, has garnered mixed reviews from users and experts alike. While it is regulated under the Chinese Gold & Silver Exchange (CGSE), concerns about limited trading options and user experiences raise questions about its reliability. Users primarily trade precious metals like London gold and silver through the MT4 platform, but the lack of demo accounts and limited customer support channels may deter potential clients.

　　Note: It is essential to recognize that the regulatory environment can vary significantly across regions, and the experiences shared may not be universally applicable. This review aims to provide a balanced perspective based on multiple sources for accuracy.

Rating Overview

Category	Score (out of 10)
Account Conditions	6.5
Tools and Resources	5.0
Customer Service and Support	4.5
Trading Setup (Experience)	6.0
Trustworthiness	7.0
User Experience	5.5

　　How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data related to the broker's services.

Broker Overview

　　Founded in Hong Kong, Tanrich operates under the regulatory oversight of the Chinese Gold & Silver Exchange (CGSE), holding a Type B license. The broker primarily focuses on trading precious metals, particularly local London gold and silver. Users can access the trading platform MT4, which is popular among traders for its user-friendly interface and functionality. However, the absence of a demo account limits new traders from practicing before committing real funds.

Detailed Analysis

Regulatory Regions

　　Tanrich is regulated in Hong Kong under the CGSE, which provides a level of oversight but is not as stringent as other top-tier regulators like the FCA or ASIC. This may influence the perception of trustworthiness among potential clients.

Deposit/Withdrawal Methods

　　The broker accepts various payment methods, including cheques, cash, and electronic banking. However, there is no defined minimum withdrawal amount, which could be seen as a positive aspect for traders wanting flexibility.

Minimum Deposit

　　Details regarding the minimum deposit required to open an account with Tanrich were not explicitly mentioned in the sources, which could be a point of concern for potential clients looking for transparency.

Bonuses/Promotions

　　There is currently no information available about any bonuses or promotions offered by Tanrich, which is a common strategy among brokers to attract new clients.

Tradable Asset Classes

　　Tanrich primarily offers trading in precious metals, specifically local London gold and silver. Unfortunately, there are no options available for forex, commodities, indices, stocks, or cryptocurrencies, which significantly limits trading opportunities for clients.

Costs (Spreads, Fees, Commissions)

　　The specific costs associated with trading on Tanrich, including spreads and commissions, were not clearly outlined in the available sources. This lack of transparency could be a red flag for potential traders.

Leverage

　　Information regarding leverage options was not detailed in the sources. This absence could impact traders' decisions, as leverage is a crucial factor in forex trading.

Allowed Trading Platforms

　　Tanrich supports the MT4 platform, which is widely used and appreciated for its features. However, MT5 is not available, which may limit some advanced trading functionalities.

Restricted Regions

　　No specific information was provided regarding any regions that are restricted from trading with Tanrich, which could be relevant for international traders.

Customer Support Languages

　　Tanrich offers customer support in both English and Chinese (simplified), but the limited number of contact channels may hinder effective communication for some users.

Rating Breakdown

　　Account Conditions (6.5): The lack of clarity on minimum deposits and trading conditions detracts from the overall score, despite the broker being regulated.
　　Tools and Resources (5.0): The absence of demo accounts and limited educational resources can be a significant drawback for novice traders.
　　Customer Service and Support (4.5): Users have reported limited communication channels, which may affect their trading experience.
　　Trading Setup (Experience) (6.0): While the MT4 platform is beneficial, the focus on precious metals restricts trading strategies.
　　Trustworthiness (7.0): Being regulated by the CGSE adds a level of credibility, but the mixed reviews and lack of comprehensive oversight leave room for caution.
　　User Experience (5.5): User experiences vary widely, with some praising the platform while others express concerns over withdrawals and support.

Conclusion

　　In conclusion, the Tanrich 2025 review presents a mixed picture of this forex broker. While it is regulated and offers a well-known trading platform, the limited range of tradable assets and customer support issues raise concerns. Potential traders should weigh the pros and cons carefully and consider their trading preferences before committing to Tanrich. As always, conducting thorough research and due diligence is crucial when selecting a forex broker.