Is Xiaohangjia Brokers a scam or a legit broker?

According to our research, it is not safe to trade with Xiaohangjia Brokers. Xiaohangjia Brokers is owned by Xiaohangjia Futures Limited which is an offshore company registered in Vanuatu and claims to be registered with a Vanuatu Financial Services Commission (VFSC) license.

Vanuatu is the easiest jurisdiction to open a brokerage, as the opening requires the company to submit a register online, prove initial establish capital which is $2,000 only, to pay a fee, and within a 2-3 month, the firm is crisp and registered. Therefore, it became an offshore zone for shady forex brokers such as Circle Markets, Wigmarkets and more. 

About Xiaohangjia Brokers
🗺️ Registered inVanuatu
🗺️ Type of LicenseOffshore License
🛡️ Is Xiaohangjia Brokers safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

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. Vanuatu is the easiest jurisdiction to open a brokerage, as the opening requires the company to submit a register online, prove initial establish capital which is $2,000 only, to pay a fee, and within a 2-3 month, the firm is crisp and registered. 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.

Conclusion

We advise to choose only reliable companies to invest with. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.

You can also share your trading experience with Xiaohangjia Brokers by commenting on this review.

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