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MEISHENG MARKETS LIMITED

Hong Kong|2-5 years|
MT5 Full License|The server is only located in China.|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

http://www.meishengfx.com/en/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

1
Server Name
MeiShengMarkets-Server MT5
Server Location China

Contact

ceo@meishengfx.com
http://www.meishengfx.com/en/
:OFFICE NO.12 ON 19/F, HO KING COMM CTR, NO.2-16 FA YUEN ST, MONGKOK, KLN,Hong Kong

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VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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1G

40G

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Broker Information

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Company Name

MEISHENG MARKETS LIMITED

Abbreviation

MEISHENG MARKETS LIMITED

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-07-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0550764) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
  • This broker exceeds the business scope regulated by United States NFA(license number: 0550764)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

MEISHENG MARKETS LIMITED · WikiFX Survey

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MEISHENG MARKETS LIMITED · Company Summary

Note: MEISHENG MARKETS LIMITEDs official site - meishengfx.com/en/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

MEISHENG MARKETS LIMITED Review Summary in 10 Points
Founded 2022
Registered Country/Region Hong Kong
Regulation NFA (Unauthorized)
Market Instruments N/A
Demo Account N/A
Leverage N/A
EUR/USD Spread N/A
Trading Platforms MT5
Minimum Deposit N/A
Customer Support Email: ceo@meishengfx.com

What is MEISHENG MARKETS LIMITED?

Established in 2022, MEISHENG MARKETS LIMITED is a forex broker that offers MetaTrader 5 (MT5) as its only trading platform. It is not regulated by any reputable financial authority, and its website is currently unavailable.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros & Cons
Pros Cons
• MT5 supported • Unauthorized NFA license
• Unavailable website
• Lack of transparency
• Limited industry experience
• Only email support

Overall, the pros of MEISHENG MARKETS LIMITED are that it offers MT5 as its only trading platform and that MT5 is a popular and well-respected platform. However, the cons of MEISHENG MARKETS LIMITED are that it is not regulated by any reputable financial authority, its website is currently unavailable, and there have been some complaints about the platform's customer service.

MEISHENG MARKETS LIMITED Alternative Brokers

There are many alternative brokers to MEISHENG MARKETS LIMITED depending on the specific needs and preferences of the trader. Some popular options include:

  • AvaTrade: A well-regulated broker with a wide range of trading instruments and tight spreads.

  • OANDA: A reputable broker with a user-friendly platform and excellent customer support.

  • FXPro: A reliable broker with a variety of trading platforms and competitive fees.

Here is a more detailed comparison of the three brokers:

Feature AvaTrade OANDA FXPro
Regulation FSA, FFAJ, CBI, FSCA, FCA FCA, FSA, NFA, IIROC, MAS CySEC, FCA
Trading instruments Forex, CFDs, stocks, indices, commodities, cryptocurrencies
Spreads Starting from 1.0 pip Starting from 0.1 pip Starting from 1.3 pip
Platforms MetaTrader 4, MetaTrader 5, AvaTradeGO MetaTrader 4, MetaTrader 5, cTrader MetaTrader 4, MetaTrader 5
Fees Commission-free on forex trades
Customer support 24/5 support via phone, email, and live chat

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is MEISHENG MARKETS LIMITED Safe or Scam?

Based on the information available, it is highly likely that MEISHENG MARKETS LIMITED is a scam. The fact that their National Futures Association (NFA, No. 0550764) license is unauthorized is a major red flag. Additionally, the fact that their website is currently unavailable is also suspicious.

NFA license

A legitimate forex broker would be regulated by a reputable financial authority, such as the NFA or others. They would also have a website that is up and running at all times.

If you are considering trading with MEISHENG MARKETS LIMITED, I would strongly advise against it. There is a high risk that you will lose your money.

Here are some tips for avoiding forex scams:

  • Only trade with brokers that are regulated by a reputable financial authority.

  • Do your research before you start trading. Read reviews of different brokers and compare their fees and services.

  • Never deposit more money than you can afford to lose.

  • Be wary of brokers that offer unrealistic returns.

  • If you have any concerns about a broker, contact your local financial authority.

Trading Platforms

MEISHENG MARKETS LIMITED offers MetaTrader 5 (MT5) as its only trading platform. MT5 is a popular platform that is known for its ease of use and a wide range of features. It offers a variety of charting tools, technical analysis indicators, and automated trading capabilities.

However, it is important to note that MEISHENG MARKETS LIMITED is not regulated by any reputable financial authority. This means that there is no guarantee that your funds will be safe if you trade with them. Additionally, their website is currently unavailable, which is another red flag.

Overall, I would not recommend trading with MEISHENG MARKETS LIMITED. There are many other regulated brokers that offer MT5, so there is no need to take the risk of trading with an unregulated broker.

See the trading platform comparison table below:

Broker Trading Platform
MEISHENG MARKETS LIMITED MetaTrader 5 (MT5)
AvaTrade MetaTrader 4, MetaTrader 5, AvaTradeGO
OANDA MetaTrader 4, MetaTrader 5, cTrader
FXPro MetaTrader 4, MetaTrader 5

As you can see, all four brokers offer MetaTrader 4 and MetaTrader 5. These are the two most popular trading platforms in the world, and they offer a wide range of features. AvaTrade also offers AvaTradeGO, which is a newer platform that is designed to be more user-friendly. OANDA offers cTrader, which is a platform that is known for its fast execution speeds. FXPro also offers a variety of other platforms, including Currenex and FXOpen.

Ultimately, the best trading platform for you will depend on your individual needs and preferences. If you are looking for a platform that is easy to use, then AvaTradeGO or cTrader may be a good option for you. If you are looking for a platform with a wide range of features, then MetaTrader 4 or MetaTrader 5 may be a better choice.

Customer Service

MEISHENG MARKETS LIMITED only offers customer service exclusively through email at ceo@meishengfx.com. Other more direct contact ways such as live chat and phone are not available.

Conclusion

Overall, there is no reason to believe that MEISHENG MARKETS LIMITED is a legitimate forex broker. The company is not regulated, its website is unavailable, and there have been complaints about its customer service. I would not recommend trading with MEISHENG MARKETS LIMITED.

Frequently Asked Questions (FAQs)

Q 1: Is MEISHENG MARKETS LIMITED regulated?
A 1: No. Their National Futures Association (NFA, No. 0550764) license is unauthorized.
Q 2: Does MEISHENG MARKETS LIMITED offer the industry leading MT4 & MT5?
A 2: Yes. It supports MT5.
Q 3: Is MEISHENG MARKETS LIMITED a good broker for beginners?
A 3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and lack of transparency.

User Reviews

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FX1554140702
more than one year
It appears highly likely that MEISHENG MARKETS LIMITED is a scam. I would strongly advise potential traders to avoid this broker, as there is a considerable risk of losing money. It is essential to prioritize trading with regulated brokers to ensure the safety of funds and mitigate potential risks.
2023-12-08 10:38
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FX1530693592
more than one year
I would strongly caution against trading with MEISHENG MARKETS LIMITED. The fact that their National Futures Association (NFA) license is unauthorized raises significant doubts about the legitimacy of this broker.
2023-12-07 19:28
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0
0
Momooo
more than one year
Nothing short of a disaster. From the moment I deposited funds, it became apparent that this broker is highly unreliable and untrustworthy. The MT5 platform they offer consistently crashed during important trading moments, causing me significant losses and frustration. Despite reaching out to their customer support, I received vague and unhelpful responses, leaving me feeling ignored and unsupported. It is clear that it can’t be trusted, and I strongly advise others to stay away!!!
2023-07-06 13:44
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0
0
xukrat
more than one year
What happened, why can't the website of MEISHENG MARKETS LIMITED be opened? I'm just about to deposit...is it true that if I deposit two days early, my money will be scammed? Terrible!
2023-02-24 10:48
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0
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