Recently, several Huiyou broke the news that FAN HUA GROUP has been unable to withdraw funds normally since February this year, and they are worried that the platform will run away…
About Fan Hua Group
FAN HUA GROUP is allegedly a broker based in China, claiming to provide its clients with the maximum leverage up to 1:500, low spreads, 0 commission, a variety of tradable assets with one account type and the worlds most popular MetaTrader4 trading platform, as well as 24/7 customer support service.
Is FAN HUA GROUP Regulated?
The platform claims to be regulated by US NFA 0539306 and provides financial derivatives trading services.
We inquired about the company name corresponding to NFA 0539306 in the United States: FAN HUA GROUP LIMITED, which is not a retail financial derivatives trader regulated by the NFA in the United States. It is obviously a false propaganda!
In addition, we downloaded the MT4 software of this platform, and the published company address is Hong Kong, and the company’s full name is: FAN HUA GROUP LIMITED. We used this name to inquire in the Hong Kong Industrial and Commercial Bureau, and indeed found the corresponding registration information, but we did not find the corresponding registration information in Hong Kong SFC. Regulated information, obviously the platform is not regulated! Now that the platform withdrawal problem has lasted for several months, investors are advised to stay away as soon as possible.