Shangquanfx.com is a trading broker that claims to be legit, but it’s an unregulated fraudulent investor, that will disappear with your funds.
In our review, we have noted worrying signs in its trading behavior and we believe it’s a scam broker platform that does not provide enough background information and should be avoided to prevent loss further loss of funds just like Bit-tokens.com.
In case you are a victim of the above scam company or any other online scams in forex, cryptocurrency, CFDs, binary options, or crowdfunding, and you are unable to get your funds. File a complaint and we will recover your lost investment for free without any obligation.
Shangquanfx Red Flags
Unregulated, unlicensed, and anonymous broker that has nothing to offer for its big promises.
Constant client comments and complaints on being unable to make withdrawals after investing in the broker.
They charge brokerage fees to investors who want to withdraw their investments and profit.
Pretend to be working to strengthen your portfolio and increase your trading balance but they take trades without your authorization and steal your money in the background.
It promises instant profits with little effort. All you need to do is deposit a certain amount of money, and you will see profits soon enough.
No guarantee on investment and untrustworthy. They never mention the risks of trading and they don’t provide knowledge on trading.
Usually abuse trading rules and operate with impunity as they are sure no one will follow their back to ensure compliance.
They use persuasive sales pitches which is a trap that many investors fall into promising getting rich just by investing in them.
Avoid the trap from such a scammer a perfectly typical broker scam relying on the ignorance of the general public regarding financial trading.
How does Shangquanfx work?
Usually, they use misleading ads on social media to lure as many people as possible, to increase the number of clients to steal.
They provide a link on their website, which you click and provide your email and contact numbers.
Usually, they immediately contact and promise anything to make you deposit money with them as quickly as possible.
Since they are experienced manipulators before you realize they will ask for your bank card details to assist you with the deposit.
They ask for more money and persuade you to deposit more and recover the losses incurred.
When you get a profit, they will convince you to put more money and increase the profits.
Trouble comes when requesting a withdrawal, they will discourage you even broke you, or ask you to pay them if you want to withdraw.
They will broke withdrawals claiming they are upgrading their platform but that’s a strategy to exit with your funds.
Legit companies do not bother you by phone or email to deposit with them, so if someone pushes you to invest, most probably a scam.
Is your investment Safe with Shangquanfx?
It is never safe to invest in an unregulated and unlicensed broker since it is so difficult to withdraw your investment and profits.
In addition to the above, this broker is a Ponzi scheme, it is disguising as a legitimate to steal money from unsuspecting investors.
There is no guarantee or security of funds with unregulated Investment, which is not answerable to any watchdog.
Moreover, they do not provide any details about who runs daily activities, which raises concerns, about the company not giving Important details.
When such important details are missing safety of your funds becomes a challenge. This explains why your funds are not safe here.
Such platforms usually prey on naïve investors, promising several features and instant profits which are empty promises.
How to recover the lost investment.
If you are unable to withdraw your funds kindly use the mychargeback link HERE to provide transaction details of the scam and start the process of getting back your funds free with no obligations and we will recover your funds.
However, there are still some other things you could do to prevent further scams:
Change all your banking passwords to make sure the scammers will not be able to steal more of your money.
Uninstall any remote access software that the scammers advised you to install to access your computer, claimed necessary so they could help you. The truth is they just wanted access to your banking systems.
Notify the responsible authorities and share your story online with other people and in your circle of acquaintances.
Be cautious and never trust any agent claiming to recover your money for a fee.
Conclusion Shangquanfx Review.
We cannot recommend this broker for investment.
Never allow Shangquanfx to steal your hard-earned money, known scammers, and avoid signing in to such investment platforms.
Before investing in any platform, we recommend you do your due diligence by checking expert reviews and recommendations. Try your best to find out what such a platform does and don’t ignore red flags.