Xiaohangjia Brokers Review
Reason to avoid: Offshore license
Listed Date: June 7, 2018
Reason to avoid: Offshore license
Listed Date: June 7, 2018
🗺️ Registered in | Vanuatu |
🗺️ Type of License | Offshore License |
🛡️ Is Xiaohangjia Brokers safe to trade | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
no, Xiaohangjia Brokers broker is Non-Regulated Broker. It is NOT SAFE to trade.while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.
Xiaohangjia Brokers is owned by the Xiaohangjia Futures Limited. It is an offshore forex broker registered in Vanuatu with Vanuatu Financial Services Commission. The advantages of this license are speed and low cost. 2% of Forex companies start without licenses and operate places such as Vanuatu or the Caribbean island of Nevis. Comparing the license from Hong Kong’s SFC (The Securities and Futures Commission), it is Type 3 license for forex brokers and the fee will be around $130,000. Also, it requires the minimum liquid Capital of $3.000,000.
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