Xianglin is a forex broker registered in the United States in 2024, mainly providing investors with trading services in forex, indices, stocks, commodities, and cryptocurrencies. The company's official website supports four languages: English, Japanese, Korean, and Traditional Chinese. The company has disclosed its registration information with the US MSB and NFA, which is true and verifiable. However, the transparency of the information on the company's official website is poor, with a lot of key information not being disclosed, which may cause misunderstandings and information gaps.
Registration and Regulation Information:
Xianglin has disclosed its regulatory numbers with the US MSB and NFA on its official website, which are genuine and can be verified on the MSB and NFA. However, having licenses does not necessarily prove the broker's reliability, as holding a license and being regulated are not the same.
According to a Whois website search, the platform's official website was registered on February 1, 2024, less than a month ago, indicating a short operation time and higher risks.
Account Registration:
Xianglin offers only one registration portal, and users cannot understand the related account information in advance, nor choose the account type. The official website does not disclose whether there are differences in services between two types of accounts, including maximum leverage, fees, minimum deposit, etc.
In a section of text on the official website, it mentions providing users with demo and real accounts, but does not offer corresponding entry and selection options.
It's noteworthy that choosing account registration in other languages automatically redirects to the Japanese version of the official website, where another selection must be made.
Leverage Ratio:
Xianglin mentions a leverage ratio of 1:100 on its website, but it does not disclose whether this is the maximum leverage or what conditions apply, leaving users unaware of the specific details.
Trading Products:
Xianglin's official website indicates that the company provides trading services in forex, indices, stocks, commodities, and cryptocurrencies, but does not disclose specific information about each product.
Deposits and Withdrawals:
Xianglin does not provide information on its website about deposits and withdrawals, including whether there is a waiting time, what channels are supported, what types of currencies are supported, or whether fees apply.
The lack of clear information on deposits and withdrawals may mislead users, causing misunderstandings and unnecessary losses.
Trading Software:
Xianglin's official website offers the Tradingweb platform for users, which can be downloaded directly from the official website, including both Android and iOS versions.
Customer Support
Xianglin's official website only provides an email as a contact option, which is not a very efficient means of communication.
Although the website displays a 7X24 customer service, the service link is not accessible, and no other entries are provided.
Summary:
As a forex broker, Xianglin's registration information is verifiable, but that alone does not prove its reliability. The broker has insufficient information regarding its corporate background, regulatory transparency, account details, and contact methods, presenting significant risks. For investors considering transactions with Xianglin, conducting thorough research and risk assessment is crucial.
Currently, Xianglin is listed as "suspected of fraud" on the traderknows.
