Xiang Rong Limited Review

About Xiang Rong Limited

Xiang Rong Limited holds no valid forex or CFD trading license. The company claims to possess an MSB license number M20766629 issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC); however, this license corresponds to Leobor Forex Global Limited under a different domain, and FINTRAC does not regulate forex trading (). Furthermore, checks with the Australian Securities and Investments Commission (ASIC) reveal no registration of Xiang Rong Limited ().

The broker’s trading conditions include a minimum deposit of USD 2 000, spreads starting at 2.3 pips, and leverage up to 1:400 (). No confirmation exists for platform availability; although MetaTrader 5 is mentioned, the downloadable file was not authentic, and no functional trading platform was accessible ().

The website domain (e.g., swingswan.info, rongxiang‑fx.com, weibang518.com) is suspended or offline (). Multiple user reports cite significant withdrawal issues, including demands for unjustified fees or excuses blocking withdrawal, indicating high risks for client funds ().

Pros and cons

Pros

• None verifiably substantiated.

Cons

• No legitimate forex/CFD license—FINTRAC MSB license is irrelevant to forex trading and registered to another entity ().
• Unregistered with ASIC or any recognized financial regulator ().
• Opaque trading platform—MetaTrader 5 claim not substantiated, no functional platform available ().
• High minimum deposit (USD 2 000), wide spreads (from 2.3 pips), high leverage (up to 1:400) ().
• Frequent domain suspensions or unavailability ().
• Numerous user complaints regarding withdrawal obstacles and untrustworthy conduct ().