Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Shenghui Is A 2-IN-1 SCAMMER
Abstract： Recently, it seems that forex brokers have gradually gotten on the “Tinder Swindle” trend. Fraudulent forex brokers tend to lurk on dating apps to find their potential victims by exploiting romance and human emotions as a fast way to earn one’s trust.
Shenghui Group Ltd is a forex broker that provides online fx and CFD trading services.
Its official website is shgroupltd.com.
There is no registered address provided on Shenghuis website which is not a good impression, to begin with. A professionally set up forex brokerage should not have such an issue.
WikiFX recently received an Exposure submission from a Malaysian user named Michelle. She got to know a man on Tinder who recommended her to open an account with Shenghui Group Ltd. He prompted her to deposit USD 10k into the trading account with him as a guarantor.
Below is the complete description of the whole incident that was sent to WikiFX by Michelle:
Michelle also provided her accountant statement as evidence:
Prior to contacting WikiFX to mediate this case, Michelle approached another company named Fintr***.
They asked her to pay upfront as they claimed that is the only way they could retrieve her money back from Shenghui Group.
WikiFX would like to reiterate that we do not charge a single cent for helping victims of fraudulent brokers. Do not hesitate to seek help and/or advice from WikiFX if you have fallen into the traps of scammers.
You can reach WikiFX through the mediums below at any time and our customer service representative will get in touch with you shortly to help you out:
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
CySEC warns against 10 unauthorized investment firms
The Cyprus Securities and Exchange Commission (CySEC) has issued a public warning against 10 unauthorized investment firms that are illegally offering investment services to investors.
Original 20h
Voices of the Golden Insight Award Jury | Nattachai Chalermwat, MH Markets
WikiFX Golden Insight Award uniting industry forces to build a safe and healthy forex ecosystem, driving industry innovation and sustainable development, launches a new feature series — “Voices of the Golden Insight Awards Jury.” Through in-depth conversations with distinguished judges, this series explores the evolving landscape of the forex industry and the shared mission to promote innovation, ethics, and sustainability.
Original 22h
Apex Markets Review: Traders Outraged Over Withdrawal Denials & Other Trading Issues
Struggling to access fund withdrawals from Apex Markets for months? Does the broker remain silent on fund withdrawal issues? Does the Saint Vincent and the Grenadines-based forex broker reject your winning trades? Have you failed to get a refund into the card used for deposits? Did the broker deduct from your trading account instead? Traders have been imposing these scam allegations while sharing the Apex Markets Review online. We read the reviews and shared some of them below. Take a look!
Original Two days ago
tastyfx Exposed: Fund Losses, Trade Manipulation & Account Related Hassles Hurt Traders
Are fund losses normal for you at tastyfx? Does the US-based forex broker constantly manipulate prices to hit your trading experience? Do you fail to receive a reply from the broker on your fund withdrawal requests? Do you constantly face trading account issues with tastyfx? It’s time to read the tastyfx review shared by traders online.
Original Two days ago
WikiFX Broker
Latest News
Op-ed: The fuel for the AI boom driving the markets is advertising. It is also an existential risk.
WikiFXPINAKINE Broker India Review 2025: A Complete Guide to Safety and Services
WikiFXThe United States Outgrows All Its Major Peers
WikiFXCanary Wharf Address Scam Resurfaces: FCA Exposes 20+ Clone Template Forex Platforms
WikiFXSeychelles FSA Flags Clone Website Impersonating Admiral Markets
WikiFXVoices of the Golden Insight Award Jury - Simon So, Chief Experience Officer of Hantec Financial
WikiFXPINAKINE Broker Review: A Complete Look at Its Services and Risks
WikiFXPrivate payrolls rose 42,000 in October, more than expected and countering labor market fears, ADP says
WikiFXHe Thought It Was a Crypto Investment; It Cost Him RM1.2 Million
WikiFXYields Rise, Rate-Cut Odds Slide As ISM Services Survey Signal Inflation Fears
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate