HK Daguan, fully named HK Daguan Star Technology Limited, claims to be an international online financial service provider headquartered in Hong Kong. Although it provides some basic information on its website, there are significant shortcomings in terms of transparency regarding its corporate background and regulatory information, so investors should remain cautious.
HK Daguan's Corporate Background:
HK Daguan's platform domain was registered on June 21, 2021, with its official website being https://www.xc-markets.com/. According to its website, HK Daguan Star Technology Limited is an international online financial service provider headquartered in Hong Kong, with a registration date of March 21, 2019. Although the company's name was found on the Hong Kong company registration page, registration does not equate to regulation, which casts doubt on the legitimacy and credibility of its corporate background. Investors should conduct thorough investigations and remain vigilant before considering using this platform.
HK Daguan's Regulatory Information:
Upon investigation, we confirmed that while HK Daguan is listed on the Hong Kong company registration page, there is no regulatory information found in the Hong Kong Securities and Futures Commission (SFC). This means HK Daguan is an unregulated platform, posing a significant risk to investors. In case of disputes or financial losses, investors may lack effective legal protection. It is advised to steer clear of such unregulated financial platforms to avoid unnecessary financial risks.
HK Daguan's Account Registration Process:
The steps to register an account on HK Daguan are as follows:
- Visit the HK Daguan website and click the registration button.
- Fill in the application form and provide necessary personal information.
- Submit identity verification documents and phone number verification documents.
- After depositing funds, you can start trading.
Although the registration process appears straightforward, in the absence of transparent corporate background and regulatory information, investors should carefully consider the associated risks and ensure they conduct comprehensive background checks before engaging in any transactions.
HK Daguan's Account Types:
Currently, the HK Daguan website does not provide specific information about its account types. Account type information is crucial for investors as different types typically offer various services, fee structures, and trading conditions. The lack of these details may leave potential clients feeling confused and uncertain when choosing the right account type. Therefore, investors need to carefully evaluate the services offered by the platform before using it.
HK Daguan's Trading Software:
HK Daguan claims to offer MetaTrader 4 (MT4) as its primary trading software. MT4 is a widely popular trading platform globally, praised for its powerful features and user-friendly interface. It provides rich technical analysis tools and automated trading functions, enabling investors to make efficient trading decisions. However, despite the platform’s claim of supporting MT4, investors should confirm whether it truly offers all the features of this software before using it.
HK Daguan's Trading Products:
HK Daguan offers a range of trading products for investors, including:
- CFD Indices: Providing contract for difference trading on major market indices.
- Crude Oil: Includes trading various oil products.
- Precious Metals: Covers investment opportunities in gold, silver, and other precious metals.
These product categories offer investors a wide range of choices, helping them allocate assets flexibly based on personal preferences and market conditions. However, the platform provides limited details on these products, so investors should remain cautious.
HK Daguan's Leverage and Other Information:
To find detailed information on HK Daguan’s trading leverage, minimum/maximum trading volume, and other specifics, investors should visit its official website. Although the platform claims to provide detailed account information, the lack of direct access to these key data on the website may affect investors’ comprehensive assessment of trading conditions. It is crucial for investors to review all related information thoroughly before trading to understand all the conditions and risks.
HK Daguan's Deposit and Withdrawal Methods:
As of now, HK Daguan has not provided specific details about deposit and withdrawal methods on its website. Typically, trading platforms offer various common payment methods, including bank transfers, credit cards, and e-wallets. Investors should verify the security and fees of each method carefully to ensure the safety of their funds.
HK Daguan's Customer Support:
HK Daguan provides the following customer support contact information:
- Email: service@xc-markets.com
- Phone: +86 05395251573
Although basic customer support channels are offered, investors should test these contacts before using the platform to confirm their responsiveness and service quality, ensuring timely assistance when needed.
Conclusion:
HK Daguan falls short in terms of transparency regarding its corporate background and regulatory information, raising risks for investors. Potential clients are advised to conduct detailed investigations into the platform’s legitimacy and safety before trading, ensuring the security of their funds and smooth transaction execution. Preferring platforms with high transparency and regulation will help protect investors' rights and financial safety. HK Daguan is currently shown as "Non-Regulation" on TraderKnows.
