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Is NEW-HONGSHENG a Scam or Not? Detailed NEW-HONGSHENG Review, which is a must read before you trade with this Forex broker. Read all NEW-HONGSHENG pros and cons, full description of trading accounts, platforms, spreads, promotions.
Is NEW-HONGSHENG a Scam or Not? Detailed NEW-HONGSHENG Review, which is a must read before you trade with this Forex broker. Read all NEW-HONGSHENG pros and cons, full description of trading accounts, platforms, spreads, promotions.

Operating status: SCAM

Website: https://www.newhongshengfx.com/

Broker violations and abnormal records
  • Apr 13, 2021 BrokersView has reviewed that NEW HONGSHENG LIMITED is an unregulated forex broker
    BrokersView found NEW HONGSHENG LIMITED is not regulated or not overseen by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    BrokersView found NEW HONGSHENG LIMITED is not regulated or not overseen by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • Aug 04, 2021 BrokersView has found that NEW HONGSHENG is not working
    BrokersView found the domain https://www.newhongshengfx.com/ is not working, as most probably it was suspended and it is always a bad sign when broker’s website is suspended.
    BrokersView found the domain https://www.newhongshengfx.com/ is not working, as most probably it was suspended and it is always a bad sign when broker’s website is suspended.

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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.