RONGTONG GOLD

joalund

1-2 years

Is RONGTONG GOLD overseen by any financial regulators, and if so, which ones?

WikiFX Reply

From my own careful review and experience as a trader, I need to point out that RONGTONG GOLD is not currently overseen by any recognized financial regulators. In my due diligence process, validating a broker’s regulatory standing is always my first priority, as trading with unregulated firms involves significantly greater risk to my capital and personal data. RONGTONG GOLD has been operating for several years out of China and offers a variety of services, yet, as of now, it does not hold a license from any established financial authority. For me, this lack of regulation is a considerable red flag, especially since unregulated entities are not bound by industry standards for client fund protection, dispute resolution, or operational transparency. I’ve seen firsthand that brokers without regulatory oversight can be more difficult to hold accountable if problems arise, and the risk of malpractice is materially increased. While RONGTONG GOLD’s multi-year presence and diverse business lines may seem attractive on the surface, the absence of verifiable regulation makes it a platform I would personally approach with extreme caution. In my experience, no matter what technology or range of services a broker advertises, financial supervision and transparency remain vital for safeguarding my interests as a trader.

Broker Issues

RONGTONG GOLD

Regulation

08-21

United States

edgeisedge

1-2 years

Could you give a comprehensive overview of the fees charged by RONGTONG GOLD, including information on their commissions and spreads?

WikiFX Reply

In my experience as an independent trader, understanding a broker’s fee structure is critical before committing any funds. When I investigated RONGTONG GOLD, I found significant gaps in the clarity and transparency of their charges, including commissions and spreads. The available information does not specify exact fee details, and that immediately raises a red flag for me. As someone who prioritizes risk management, I always look for explicit disclosures of trading costs, which are essential for calculating potential returns and for sound decision-making. While RONGTONG GOLD claims to offer a variety of products and operates multiple platforms, it is not regulated by any recognized authority. This lack of oversight makes any fee information unverified and hard to trust. I did not see reliable listings of typical commissions, spread ranges, or ancillary costs such as withdrawal fees or account maintenance charges. Experience has taught me that transparency in fees is generally a hallmark of more trustworthy brokers; when fee structures are obscure or omitted, it increases the risk of encountering unfavorable or undisclosed costs. Given the absence of clear and official documentation about their spreads or commissions, I cannot in good conscience recommend relying on RONGTONG GOLD without exercising exceptional caution. For me, the combination of lacking regulation and non-transparent fees are significant deterrents. I prefer platforms where every possible cost is clear from the outset, allowing me to make fully informed choices regarding my trading capital.

Broker Issues

RONGTONG GOLD

Fees and Spreads

08-14

United States

Chris hagerman

1-2 years

How do RONGTONG GOLD’s swap fees for overnight positions stack up against those charged by other brokers?

WikiFX Reply

As an experienced forex trader who relies heavily on transparent cost structures and regulatory oversight, I approach brokers like RONGTONG GOLD with particular caution, especially when considering crucial factors such as swap fees for overnight positions. From my research and direct review of the available information, I found no publicly verified data or clear disclosures regarding their overnight swap fees. This stands in sharp contrast to most reputable, regulated brokers, where swap rates and all associated costs are typically listed on the platform, allowing traders to gauge the impact on longer-term or carry trades with confidence. The lack of transparency here is more than just an inconvenience for me—it raises substantive concerns about cost predictability and fairness. In my experience, competitive brokers understand that clear disclosure of swap rates is not merely a regulatory obligation but a demonstration of respect and trust-building with clients. Without specific figures from RONGTONG GOLD, it’s simply not possible for me to confidently compare their swap fees with those of established, well-regulated competitors. In summary, due to the absence of regulatory oversight and clear public information on overnight charges, I find it impossible to assess RONGTONG GOLD’s swap fee competitiveness. For risk-conscious traders like myself, this lack of transparency is a major red flag.

Broker Issues

RONGTONG GOLD

Fees and Spreads

08-08

United States

Vongnarin

1-2 years

What's the lowest amount I can take out from my RONGTONG GOLD account in a single withdrawal?

WikiFX Reply

As an experienced forex trader, when evaluating a broker like RONGTONG GOLD, my first concern is always the legitimacy and transparency surrounding withdrawals. Based on what I have learned, RONGTONG GOLD does not have valid regulatory oversight, and official details on withdrawal minimums are not clearly provided on public sources. For me, this lack of transparent information poses a significant risk, as unregulated brokers are not subject to the strict audit and client protection standards required by financial authorities. In my trading, I require explicit and easily accessible terms regarding transaction limits and processing times. Without verified documentation of minimum withdrawal amounts, I would proceed with extreme caution. The absence of these details can make it difficult to assess liquidity accessibility, and it exposes clients to uncertain or arbitrary withdrawal restrictions. When I do not see this essential information readily disclosed, I take it as a warning sign to reconsider involvement, especially with real funds. Therefore, I cannot confirm the lowest withdrawal amount for RONGTONG GOLD, and I personally would avoid funding an account until there is official, clear, and reliable disclosure of all withdrawal policies. This approach helps minimize unrecoverable losses and ensures a safer trading experience.

Broker Issues

RONGTONG GOLD

Withdrawal

Deposit

07-30

United States