English
Sign In

LongChen Finance

Operating status: SCAM

Website: http://xgzhfx.com/zh-hk/

Broker violations and abnormal records
  • Aug 24, 2022 BrokersView has Reviewed that LongChen Finance is an Unregulated Forex Broker

    LongChen Finance claims to be run by Financefx, a British forex broker with many awards. This broker also shows its awards that have been earned from 2017 to 2019. But when we checked its domain, we found it was created in 2021. So how could it earn those awards from 2017 to 2019? It is a red flag here.

    Besides, as per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to LongChen Finance or Financefx in FCA. That means LongChen Finance is definitely not an approved broker in the United Kingdom.

    What's more, LongChen Finance claims it has a registered address in Hong Kong. According to relevant law, all regulated forex brokers in Hong Kong are monitored by the Hong Kong Securities And Futures Commission (HK SFC). But no results are matching LongChen Finance in SFC. That means LongChen Finance is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    LongChen Finance claims to be run by Financefx, a British forex broker with many awards. This broker also shows its awards that have been earned from 2017 to 2019. But when we checked its domain, we found it was created in 2021. So how could it earn those awards from 2017 to 2019? It is a red flag here.Besides, as per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to LongChen Finance or Financefx in FCA. That means LongChen Finance is definitely not an approved broker in the United Kingdom.What's more, LongChen Finance claims it has a registered address in Hong Kong. According to relevant law, all regulated forex brokers in Hong Kong are monitored by the Hong Kong Securities And Futures Commission (HK SFC). But no results are matching LongChen Finance in SFC. That means LongChen Finance is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • Dec 04, 2022 BrokersView has found that LongChen Finance is not working

    BrokersView found the domain "http://xgzhfx.com/zh-hk/" 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 "http://xgzhfx.com/zh-hk/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Reviews

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

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.