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XIANG RONG Forex Broker provides real users with 2 positive reviews, 2 neutral reviews and 14 exposure review!

XIANG RONG Broker Review

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XIANG RONG Review 18

Latest All(18) Positive(2) Neutral(2) Exposure(14)
Positive
Reasonable Overnight Financing with XIANG RONG: Minimizing Profit Erosion 😃

Overnight financing rates are reasonable with XIANG RONG. Doesn't eat away at my profits too much. 😃😃😃

Natsuki H., Hyogo
2024-06-27
Positive

I simply love it, so easy to use and very straightforward I've been using it for the last 3 years at least and it's very good, I would definitely recommend it.

Hdfejk
2024-06-21
Neutral
Xiang Rong's Dubious Claims: Red Flags in Regulation, Client Complaints, and Lack of Support

XIANG RONG got me feeling skeptical. The claim of being regulated by FinCEN and having a Crypto-License raises eyebrows. The lack of strong regulation is a red flag, making me wonder about the safety of my funds. Negative reviews and complaints from clients ain't reassuring either. Plus, no demo or Islamic accounts? That's a deal-breaker for me. The website lacks contact info, making it hard to reach customer support. With limited educational resources, it's like diving into the deep end without floaties. I'd think twice before jumping into this pool.

DuPonter
2023-12-07
Neutral
Diverse Platform XIANG RONG Lures Traders, but Regulatory Gaps & Accessibility Issues Emerge

XIANG RONG, this trading platform, seems to offer a variety of account types and leverages to cater to different traders. The use of the popular MetaTrader 4 platform adds credibility to their services. The range of market instruments, from forex to cryptocurrencies, provides options for various trading strategies. However, potential users should be cautious about the lack of strong regulation, the absence of demo and Islamic accounts, and the limited customer support services. Additionally, the higher minimum deposit requirement across all account types may limit accessibility for some traders.

Penelope Zenobia Harrington
2023-12-06
Exposure
Fraudsters Lin Shaohua, Li Zhenning, Wang Rong induced others to deposit, they should be arrested

The system operates two-way lock orders in the background to prevent positions from being closed. Fortunately, my friend stopped me, so I didn't make a deposit. A female liar on Kuaishou added me as a QQ friend, concerns about me, and tempted me to download the platform to invest and make money. I made a deposit. At this time, a liar came and said that I should increase my principal, and he would help me make money in a day, and I deposit a total of 140,000yuan. The two-way lock order in the background of the system prevents liquidation, which caused me to be cheated. I hope that the relevant departments will thoroughly investigate Lin Shaohua, Li Zhenning, and Manager Yang, the three big liars, and they will be caught sooner or later!

被骗的人3456
2023-06-10
Exposure
Be deceived by the three of them, Lin Shaohua, Li Zhenyu, Luo Zhigang

These three people are a gang of scammers. Returne the principal to me. The platform found various reasons, saying that my account had been operated in different places many times, which violated regulations. Claiming that my credit score is low and deny my withdrawal

1233219153
2023-05-18
Exposure
This platform is a fraud. Keep asking you to deposit more and cannot withdraw

The platform find many excuses. Saying that my account has been operated multiple times in different locations, violating regulations, and when making withdrawals, I also found a reason to say that due to a decrease in credit score, I was not allowed to withdraw the funds and had to pay to make up for the credit score before withdrawing. This is a typical fraudulent behavior.

FX3537085990
2023-05-17
Exposure
Unable to withdraw

Keep delaying and saying that my credit is insufficient. I deposit 75k and it is 5 points away to be able tow withdraw. Return my principal. I give up the profit.

FX2042631191
2023-05-17

  

Xiang Rong 2025 Review: Everything You Need to Know

  Xiang Rong has garnered significant attention in the Forex trading community, but the reviews surrounding this broker are mixed at best. While some users appreciate the trading options and leverage available, many others express serious concerns regarding the broker's legitimacy and customer support. Notably, Xiang Rong claims to be regulated by the Financial Crime Enforcement Network (FinCEN), but this assertion has been met with skepticism, leading to a cautious outlook on this broker.

  Note: It's crucial to recognize that Xiang Rong operates across various jurisdictions, which may lead to discrepancies in regulatory compliance. As such, potential traders should exercise caution and conduct thorough research before engaging with this broker.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 3
Customer Service and Support 2
Trading Experience 5
Trustworthiness 3
User Experience 4
Overall Rating 3.57

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

  

Broker Overview

  Founded recently, Xiang Rong operates under the name Xiang Rong Limited and claims to provide Forex trading services primarily in China and New Zealand. The broker offers the popular MetaTrader 4 (MT4) trading platform, which is favored for its user-friendly interface and advanced trading capabilities. Xiang Rong provides access to various asset classes, including Forex pairs and cryptocurrencies. However, the broker's regulatory status is questionable, with many sources indicating a lack of legitimate oversight.

  

Detailed Breakdown

  

Regulatory Overview

  Xiang Rong claims to be regulated by FinCEN, but this has raised eyebrows among experts. According to various reviews, there is no solid evidence confirming this regulation, leading to concerns about the safety of funds deposited with the broker. Many users have reported issues with withdrawals and the lack of transparency regarding the broker's operations.

  

Deposit/Withdrawal Options

  Xiang Rong offers a minimum deposit requirement of $500, which is relatively high compared to many other brokers. Payment methods include bank transfers, credit/debit cards, and electronic payment systems like Skrill and Neteller. However, users have reported difficulties in withdrawing their funds, with some alleging that the broker imposes excessive fees and processing times.

  

Minimum Deposit

  The minimum deposit to start trading with Xiang Rong is set at $500. This amount is considered high, especially for novice traders, which may deter potential clients from opening an account.

  

Bonuses/Promotions

  There is limited information regarding any bonuses or promotional offers from Xiang Rong. This lack of incentives could be a drawback for traders looking for additional value.

  

Tradable Asset Classes

  Xiang Rong provides access to a range of trading instruments, including Forex pairs and cryptocurrencies. However, the selection is not as extensive as some competitors, which may limit traders' options.

  

Costs (Spreads, Fees, Commissions)

  The broker's spreads start from 1.5 pips for the basic account, which is relatively standard but not particularly competitive. Users have reported that additional fees may apply, particularly for withdrawals, which further complicates the cost structure.

  

Leverage

  Xiang Rong offers leverage of up to 1:500, which can be appealing to traders looking to amplify their positions. However, such high leverage also increases risk exposure, making it essential for traders to have a solid risk management strategy in place.

  

Allowed Trading Platforms

  The primary trading platform offered by Xiang Rong is MetaTrader 4 (MT4), known for its reliability and extensive features. However, the absence of a demo account may hinder new traders from familiarizing themselves with the platform before committing real funds.

  

Restricted Regions

  While Xiang Rong operates in multiple regions, there are reports of restrictions in certain countries. Potential clients should verify whether their country of residence is supported before attempting to open an account.

  

Available Customer Service Languages

  Xiang Rong's customer service options are notably limited, with no clear contact information provided on their website. This lack of support can be a significant drawback for traders who may require assistance.

  

Final Rating Overview

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 3
Customer Service and Support 2
Trading Experience 5
Trustworthiness 3
User Experience 4
Overall Rating 3.57

  

Detailed Explanation of Ratings

  •   Account Conditions (4/10): While multiple account types are available, the high minimum deposit requirement and lack of a demo account are significant downsides.

  •   Tools and Resources (3/10): The broker provides limited educational resources and tools, which can hinder traders looking to improve their skills.

  •   Customer Service and Support (2/10): The absence of visible contact information and reports of unresponsive support staff are major red flags.

  •   Trading Experience (5/10): The MT4 platform is robust, but the lack of a demo account and limited asset classes may detract from the overall experience.

  •   Trustworthiness (3/10): The questionable regulatory status and numerous complaints about withdrawal issues lead to a low trust rating.

  •   User Experience (4/10): Mixed reviews from users highlight both positive and negative experiences, resulting in an average rating.

  •   In conclusion, while Xiang Rong may offer certain appealing features, the considerable concerns regarding its legitimacy, regulatory status, and customer support make it a broker worth approaching with caution. Potential traders are advised to thoroughly research and consider alternative options that prioritize transparency and support.

XIANG RONG review