Hengran Limited is an online forex broker that offers a variety of financial trading services, including forex, precious metals, crude oil, and more. Although the company claims to be located in the United States, no information about it can be found in the records registered on relevant U.S. government websites, and the platform lacks regulation with low transparency. The official website of Hengran Limited is https://www.hengranltd.com/index.html
Corporate Background of Hengran Limited:
The company registered as Hengran Limited, with the domain name of the company's website registered on October 24, 2023, according to Whois information. The official website claims the company's address is located at 131217th Street #692 Denver CO 80202 US. Companies mentioning this location include Zhong Teng Accounting Co., Ltd., Camellia Import and Export Inc., and Calario Trading Inc., indicating that Hengran Limited is engaged in false advertising. It is recommended that traders conduct further investigations and verification before making any further decisions to ensure they obtain accurate company information and reduce potential risks.
Regulatory Information of Hengran Limited:
In terms of regulatory information, Hengran Limited claimed to have a license from the Cyprus Securities and Exchange Commission (CySEC) with a license number of 46990. However, in reality, Hengran Limited is not a member of CySEC nor is it regulated by CySEC, hence this promotional information is not accurate.
Opening an Account with Hengran Limited:
Firstly, go to the Hengran Limited official website and click "Open an Account" in the upper right corner.
Then click "Register" in the upper right corner.
Follow the steps to fill in information (such as email, password, etc.) to complete the account registration.
Trading Products of Hengran Limited:
Hengran Limited offers a variety of trading products, such as precious metals, crude oil, forex, cryptocurrencies, stocks, and commodities but lacks specific product details such as trading fees, which potential investors should consider carefully in terms of product transparency.
Trading Platform of Hengran Limited:
Hengran Limited offers the ST5 trading software. Although this provides a potential trading tool for investors, it lacks detailed introductions of its features and user support.
Deposit and Withdrawal Process of Hengran Limited:
The Hengran Limited platform does not provide specific details on the deposit and withdrawal process, which may pose a barrier to investors managing their funds and adds uncertainty to the use of the platform.
Customer Support of Hengran Limited:
Although a customer service email (service@hengranltd.com) and phone number (213-375-3998) are provided, the quality and responsiveness of customer service remain unknown due to the lack of effective regulation and transparency.
Summary:
The case of Hengran Limited highlights the key factors to consider when choosing a forex broker, such as regulatory compliance, company transparency, and the quality of customer service. Investors should conduct thorough investigations to ensure the legality and reputation of the broker to secure their investments. Currently, Hengran Limited is listed as "suspected of fraud" on the Trading Encyclopedia.
