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The WikiFX Score of this broker is reduced because of too many complaints!
NEW HONGSHENG LIMITED
United Kingdom|2-5 years| White label MT5|Regional Brokers|High potential risk|
https://www.newhongshengfx.com
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
2
Server Name
NewHongshengLtd-LIVE MT5
Server Location 
United States
United StatesContact
support@newhongshengfx.com
https://www.newhongshengfx.com
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses
No valid regulatory information, please be aware of the risk!
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Contact number
Other ways of contact
Broker Information
More
Company Name
NEW HONGSHENG LIMITED.
Abbreviation
NEW HONGSHENG LIMITED
Platform registered country and region
United Kingdom
Company website
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
Warning: Low score, please stay away!
2
Previous Detection :
2024-07-09
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 20 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
Platform Capital Ratio
--% 
-- --
100%--% 100%
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
Meta Trader 5
White LabelAverage
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Exposure
22 pieces of exposure in total Pyramid scheme complaint
Expose Unable to Withdraw
NEW HONGSHENG LIMITED is a fraud company. Unable to withdraw
NEW HONGSHENG LIMITED is a fraud company. Unable to withdraw
2021-04-16 14:19
Scam
Keep asking me to add funds on grounds of bullish market
Just started to guide me to play. Give me inside information every day, and then I was asked to add money on grounds of bullish market. After profiting, I can’t withdraw funds.
2021-02-01 15:57
Unable to Withdraw
NEW HONGSHENG LIMITED scams
Askme to open this account to facilitate my friends to remit money, but the money would go in and I asked for a deposit of 5,000 US dollars when it was submitted. The deposit was transferred but the money could not be successfully submitted. I had to remit a 5,000 yuan security deposit. I remit a total of NT$230,000, this is simply a fraud
2021-05-26 16:16
Unable to Withdraw
Forcefully holding my profits
I have spent a significant amount of time in the Demo environment, but I have also put in some money into the live environment. I have so far lost about 250k which I initially attributed to my inexperience. However, i had an exchange with one of their support staffer/ broker who after a successful series of trades, I requested to withdraw my profits. I then continued to trade and ended up with a Margin call. They immediately took funds out of the pending withdrawal which had been requested two days prior and refused to release any of my capital after that.
2021-02-02 15:10
Unable to Withdraw
NEW HONGSHENG LIMITEDscams
Ask me to open an account here to ease remittances to my friends. But then I was required to pay a margin of $5,000
2021-05-26 14:23
Scam
Don't download NEW HONGSHENG LIMITED
Everyone should pay attention to this app. First of all, you are not allowed to spend money in the early stage, and dividends will be distributed to you every day. But later you will be asked to continue to invest
2021-01-26 23:45
Unable to Withdraw
The website has been closed unexpectedly
They are so bad. They dare to close the website. I asked the customer service how I can get my money back and I was told that I should deposit another $5,000 to get my money. So I tried to login to the account to see my account balance on about June 7. However, I failed. So I contacted Mr. Wu via LINE, but he said some bad words to me. I hope someone can help me recover my money
2021-06-24 14:18
Unable to Withdraw
NEWHONGSHENG SCAM REVEALED
I was lured to invest USD 100K to do forex trading on Gold XAUUSD. The person claimed as a Forex trading analyst in Hong Kong HSBC,who can help me to make a big profit. This person demonstrated what he was doing in his fake account, but then disappeared after les than two weeks as soon as I deposit $100,000 into the trading account via bank wire transfer. I didn't make any loss in that trading account. Review from someone here to open a case with financialrecovery.tech helped to recover some of my losses and also exposed how New Hongsheng have been redirecting investors funds for their own selfish interest.
2021-03-26 21:47
Resolved
NEW HONGSHENG LIMITED, fraud platform
The liar induces people to deposit funds and the software is a virtual disk, and it has been manipulated manually. Now hey absconded
2021-02-02 22:41
Unable to Withdraw
NEW HONGSHENG LIMITED is a fraud company from Malaysia. Unable to withdraw.
NEW HONGSHENG LIMITED is a scam company that can only deposit money but cannot withdraw money. It is a fraud company with no foreign exchange trading license. Financial investigators have confirmed that the fake company is from Malaysia.
2021-02-03 23:46
Unable to Withdraw
newhongshengfx.com Scam Unable to withdraw
The fraud said she was an analyst and made your profit at first to win your trust. The web seemed to be legal. But after you deposit funds, they disappeared. And the company rejected your withdrawals. I exposed photos of the fraud and her child who she used to win your pity. Do not be fooled. The last photo is her sister, who claimed herself to be a Senior analyst and gave accurate forex info
2021-01-26 09:08
Unable to Withdraw
NEW HONGSHENG LIMITED. Unable to withdraw, cheat all my principal
The scammer induced that he was an analyst at HSBC in Hong Kong, logged into the MT5 platform to operate, and used speculation in XAU/USD and foreign exchange to pretend to make profits and defrauded of trust. The web page looks very formal. After defrauding u to deposit, they immediately find a reason and disappear. newhongsheng fx company refused to withdraw, and all the principal was cheated. I post pictures of scammers and children, and scammers use children to deceive sympathy and trust. Don't be fooled. The last photo is the older sister of the film, who falsely claims to be a senior analyst and can give accurate foreign exchange information. All are fake!
2021-01-30 21:53
Severe Slippage
Fraud platform.
$1 million 5. Wipe out my account directly. Fake data. The data decreased directly from 1855 to 1800. It dropped by 50 points directly, and there is no rebound.
2021-01-30 00:09
Unable to Withdraw
Fraud Company
I tried three times before and the withdrawal was 1000.100.110. Can not withdraw funds. The results were all rejected. Later, I used a personal check to remit 120 to me. I won't play anymore. First, I can't withdraw funds after I withdrew 5000 yuan. I was told that my turnover is not enough so I have to continue playing.
2021-01-28 04:45
Unable to Withdraw
I HOPE I'M NOT THE ONLY ONE WHO IS STILL UNABLE TO REACH NEW HONGSHENG?
It is evident that New hongsheng absconded with every investors money right after a bank transfer is made to their account. it is so sad that i did not research well before sending my hard earned money to this platform. I invested in two companies as at January 16th 2021 cryptoassetsbay.tech and New Hongsheng limited. My investment is still doing really well with cryptoassets and i am still amazed how New hongsheng where i invested a larger capital absconded with my money. i hope the authorities can find these scammers on time.
2021-04-11 19:19
Unable to Withdraw
difficulty in withdrawing
On impulse I invested a token to try out trading on their platform. I then traded with them for months with a huge amount. When I asked for a withdrawal life got difficult! Like other reviewers, I was swamped with phone calls and emails encouraging me to trade and they are good talker. they asked me to pay withdrawal fee/commission. In addition I had to provide passport and credit card I.D., a utility bill etc. The whole thing was a nightmare. This is a company belonging to the Magnum group, with FAKE address and not register to any regulatory body. don’t trust this company with your money. with your proof of payment, write to financialrecovery.tech and file a complaint to help you get your withdrawal issues sorted and get your money back. NEW HONGSHENG LIMITED is not to be trusted, you will keep losing funds because they are banking on showing you losing trades and moving away with your funds afterwards.
2021-02-03 06:54
NEW HONGSHENG LIMITED · Company Summary
General Information
NEW HONGSHENG LIMITED., or New Hongsheng FX, is a forex brokerage based in the United Kingdom, engaging in providing clients with various financial products and services. The broker has offices in Zurich, Hong Kong, Dubai and Tokyo as well.
Market Instruments
New Hongsheng offers investors a range of financial instruments including forex currency pairs, commodities, indices, precious metals.
Leverage
New Hongsheng provides up to 1:1000 in leverage.
Spreads & Commissions
The benchmark EUR/USD spread floats around 0.2-0.3 pips, and no commission is applied.
Trading Platform Available
New Hongsheng provides clients with access to the worlds financial markets through the MetaTrader 5 (MT5) platform which is used by millions of traders around the globe.
Deposit & Withdrawal
New Hongsheng hasnt made available payment methods clear on their website. Brokers which accept VISA and MasterCard are recommended because these major card providers allow chargebacks within a year and a half from the date of deposit to those investors who have fallen victim to a scam.
Customer Support
If clients have any questions or concerns, please email at support@newhongshengfx.com for consultation.
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