Is Xinghui International a scam or a legit broker?

Xinghui International is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes. This results in a very high risk trading opportunity, despite its alluring proposal.

About Xinghui International
🗺️ Registered inNo Registration
🗺️ Type of LicenseNo License
🛡️ Is Xinghui International safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

Xinghui International offers Forex and CFD trading. The company is located in Hong Kong and operated by Xinghui International Development Co., Ltd. Despite its Hong Kong location, the company was blacklisted by the Securities and Futures Commission of Hong Kong (SFC).

Also they claim to be regulated by the National Futures Association in US, but there are no records about it on the regulator’s website. We recommend you to trade only with the regulated brokers.

The most reliable regulators are FCA in the UK, ASIC in Australia and FMA in New Zealand. For example, the license from UK’s Financial Conduct Authority requires EUR 125,000 of capital (aside from client deposits) for the STP license.

Conclusion

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.

Yet, it is always great to hear your personal opinion about Xinghui International. So you may share your experience or thoughts or discuss them below or ask us for additional information.

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