Company Profile
Company Profile
Review summary
| XINHUIBAOReview Summary | |
| Founded | 2014 |
| Registered Country/Region | Hong Kong |
| Regulation | HKGX |
| Market Instruments | Gold, silver |
| Demo Account | / |
| Leverage | / |
| Spread | $0.04 (Silver); $0.50 (Gold) |
| Trading Platform | MT4, XINHUIBAO APP |
| Minimum Deposit | $120 |
| Customer Support | Phone:（852）3982-0688 |
| Email: info@91pme.hk | |
| Social Media: Wechat | |
| Physical Address: Room 1512-1515, 15 / F, Metropolis Building, 10 Metropolis Road, Hung Hom, Kowloon, Hong Kong | |
| Regional Restrictions | US, Canada, Egypt, Iran, North Korea |
XINHUIBAO Information
Xinhuibao was registered and established in Hong Kong in 2014. It mainly engages in financial businesses such as precious metal investment and offers three types of accounts, which can be traded on the MT4 platform and mobile trading APP. It is currently regulated by HKGX.
Pros and Cons
| Pros | Cons |
| Be regulated | Regional restrictions |
| Zero commission | Limited trading products |
| MT4 supported | |
| Three account types offered |
Is XINHUIBAO Legit?
| Regulated Authority | Regulatory Status | Regulated Country/Region | Regulated Entity | License Type | License Number |
| Hong Kong Gold Exchange (HKGX) | Regulated | Hong Kong | 鑫匯寶貴金屬有限公司 | Type AA License | 106 |
What Can I Trade on XINHUIBAO?
XINHUIBAO supports traders to mainly trade precious metals such as gold and silver.
| Tradable Instruments | Supported |
| Gold | ✔ |
| Silver | ✔ |
| Forex | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Bonds | ❌ |
| ETFs | ❌ |
Account Types
XINHUIBAO has three types of accounts : Mini Account, Standard Account and Premium Account. The minimum deposit range is from $120 to $2,000, with a relatively large span.
| Account Type | Mini Account | Standard Account | Premium Account |
| Minimum Deposit | $120 | $2,000 | $20,000 |
| Gold Spread | $0.50 (Cashback 0.14 USD per lot) | $0.50 (Cashback 0.18 USD per lot) | $0.50 (Cashback 0.22 USD per lot) |
| Gold Rebate per Lot | $14 | $18 | $22 |
| Silver Spread | $0.04 (Cashback 0.0052 USD per lot) | $0.04 (Cashback 0.0076 USD per lot) | $0.04 (Cashback 0.01 USD per lot) |
| Silver Rebate per Lot | $26 | $38 | $50 |
| Overnight Interest (Buy/Sell) | -1.25% / -0.75% | -1.25% / -0.75% | -1.25% / -0.75% |
XINHUIBAO Fees
The buying and selling spread of London gold is $0.50. The bid-ask spread of London silver is $0.04. XINHUIBAO claims that the transaction service fee is waived. In addition, XINHUIBAO claims to support zero commission.
Trading Platform
XINHUIBAO supports trading using theXINHUIBAO APP andMT4 trading systems.
| Trading Platform | Supported | Available Devices | Suitable for |
| XINHUIBAO APP | ✔ | Mobile | / |
| MT4 | ✔ | PC, Web, Mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Both deposit and withdrawal need to be made by logging into the account.
The following situations will be charged a certain fee:
- If the single withdrawal is less than 100 US dollars, 50 US dollars will be charged.
- 50% of the deposit amount was not used for position opening and trading, and 6% of the withdrawal amount was collected.
- If a deposit is replenished due to a balance of less than 100 US dollars, no transaction is required and 6% of the replenished deposit amount will be charged.
FX1074312352
Hong Kong
I've deposited seven times on this platform, each time $500. Every time I deposit, I experience a loss. I suspect the platform is manipulating trades.
Exposure
宇96543
Hong Kong
There is a severe slippage with the platform. All my fund has been transferred into private accounts which are froze by the police. The teacher is irresponsible.
Exposure
读心
Hong Kong
CGSE is just a industrial association rather than a regulator. With the name of CGSE, XINHUIBAO scams everywhere. And the members of CGSE are all represents of all companies, who cannot ensure the justice and transparency. The max limitation on leverage is 20 times stipulated by CGSE, while which is 100 times in XINHUIBAO , which will easily lead to forced liquidation. There is also severe slippage with it. What’s more, XINHUIBAO claimed that all fund will flow into the third-party trusteeship, actually, it has been transferred into private account for money-laundering. The fund security cannot be ensured. Hope investors in XINHUIBAO avoid being cheated!
Exposure
FX2361236177
Hong Kong
There are various reasons for users to continue depositing money, but they cannot withdraw money without depositing. Of course, it’s the same trick after depositing.
Exposure
七情六欲
Hong Kong
They have not allowed withdrawals for two years, and they have not given back the principal, nor allowed account operations. The platform also operates accounts at will. This is the first time I have seen such a fraudulent platform.
Exposure
God bless me
Hong Kong
The dots are serious, and the k-lines are changed at will. It has been two years, and the customer service has not been resolved.
Exposure
七情六欲
Hong Kong
This is a scam platform. The account and backend are restricted or unable to operate. Also, the withdrawal is unavailable. The customer manager had lost the contact for mroe than 1 year. Do not return the principal. Please all investors stay away from fraud platform.
Exposure
七情六欲
Hong Kong
This is a fraud platform and scam platform that does not allow to withdraw after making profit. The login is suspended and the principle will not be returned. There is order in the account but cannot closed. Everyone stays away from this scam platform.
Exposure
七情六欲
Hong Kong
All information is provided as requested by their platform. Just don't let it withdraw. This is an organized and premeditated fraud platform. Please stay away from scam platforms.
Exposure
胡敏
Hong Kong
Unable to withdraw. Do not trade on it. The scam company rejected withdrawals. Do not trade on it.
Exposure
胡敏
Hong Kong
The minimum withdrawal totaled $500. It was a scammer. Do not join it.
Exposure
Klattermusen
Hong Kong
Severe slippage. Stay away from it.
Exposure
FX2692270796
Hong Kong
and occasionally and cannot close the position
Exposure
瑞雪制冷－袁斌亮
Hong Kong
The slippage is up to 20 pips! I feel upset about the customer service's attitude when they handled my issues as ab old customer of this platform. I exposed them here and hope u can acoid being heated! You should think twice if u wanna invest here!
Exposure
FX2660406975
Hong Kong
There are some problems. Can't close positions! The platform doesn't allow me to close positions!
Exposure
空空如也8668
Hong Kong
During the trading on May 21st, when the price of Loco came to $1817.8/ounce, XINHUIBAO manipulated on it to rip clients off.
Exposure
空空如也8668
Hong Kong
In July, 2017, seeing the advertisement of XINHUIBAO , I filled my information online. Then a customer service Xiao Cui(WeChat;A63****36; Number: +852 **** 0688) introduced the company. I was tempted and deposited $2000. Without any basic knowledge, I followed the guidance of the customer service. Having profited 10 thousand dollars, I began to make constant losses. As of October, the loss is up to 800 thousand dollars. With a friend’s help, I consulted an attorney, who told me that is a scam platform, in which fund flows into private accounts. XINHUIBAO could manipulated on the trading software. Thus, clients’ fund is doomed. XINHUIBAO used the following account as receipts: Beijing fangjie huitong technology co., LTD., guizhou xingxing chanyao trading co., LTD., well-known electronic technology, zhuhai city nong jue trading co., LTD., etc., with company and private accounts and huge amounts of unknown accounts.
Exposure
读心
Hong Kong
One can see from the pic that XINHUIBAO gave no reply to my compliant. XINHUIBAO self-proclaimed to be regulated by CGSE and the fund will be managed by third party. Actually, it earns membership fee by inveigling clients to deposit fund. And hope know the truth about CGSE. XINHUIBAO is facade company, in which clients’ fund is transferred into private accounts. How could the fund regulated by the governmental organization transferred into facade company? It is simply a dealing-desk platform. I must have it on exposure.
Exposure
空空如也8668
Hong Kong
XINHUIBAO used virtual trading to make clients suffer losses, during that, the fund was flowed into private accounts instead of market. Clients’ funds are doomed. When they argued with the platform, it shirked the responsibility and then deleted their trading accounts.
Exposure
周雁冰
Hong Kong
Though I set the stop-loss, the platform stopped at the lowest point, a severe slippage existing.
Exposure
FX5859876299
Hong Kong
XINHUIBAO fraud platform induced clients to deposit fund for trading.The customer service is very enthusiastic. When you find being fooled, the customer service ignores clients and even blocks their WeChat. I can't log in to my account now.
Exposure
FX1539947274
Hong Kong
XINHUIBAO platform used their own softwares,in which funds couldn't be taken back,and operated until forced liquidation.CGSE are their associates.Any staff of CGSES is not allowed to enter.The fund has been flowed into XINHUIBAO and complaints are unavailable and there is no way to complain.
Exposure
FX6179143882
Hong Kong
Just now, for the sake of money safety, I closed my order out. But I tried it many times and still failed !
Exposure