Shenghui Group Ltd is a scam, avoid them!

Recently,US foreign exchange broker a number of users have posted complaints on FTI's community and website, exposing Shenghui Group Ltd's scam. They are asking Shenghui Group Ltd to refund their funds and remind everyone to stay away from this scam trading platform.

Currently, FTI has received 4 complaints against Shenghui Group Ltd. The complaint posts are as follows.

Complaint 1：https://www.FTI.net/en_US/complaint/8399.html

Complaint 2：https://www.FTI.net/en_US/complaint/8385.html

Complaint 3：https://www.FTI.net/en_US/complaint/8171.html

Complaint 4：https://www.FTI.net/en_US/complaint/8131.html

FTI has sent these complaints to Shenghui Group Ltd, but has not received any response.

About Shenghui Group Ltd

As FTI has exposed many times before, Shenghui Group Ltd is an almost anonymous and unregulatedtrading platform. Its rating on FTI is only 2.1, it has been operating for less than 1 year and is extremely risky.

A look at the website of Shenghui Group Ltd reveals that the broker operates almost anonymously. Its website lacks details such as address and contact numbers, and does not provide any valid legal documents.

Furthermore, although Shenghui Group Ltd claims to be an award-winning broker specializing in online forex and CFD trading services, in reality Shenghui Group Ltd is not licensedto conduct forex trading or brokerage business. This means that Shenghui Group Ltd is not regulated.

When you invest on such anonymous, unregulated trading platforms, you are at a greater risk of being defrauded. Because the background and operations of these platforms cannot be easily verified, they can run away with the money at any time. Once you make a deposit with them, you will most likely end up not getting a single penny out.

Therefore, we recommend that you avoid such brokers and do not provide any personal information to them.

Things to do after you got scammed

FTI reminds you that you should always be cautious when you come across investment opportunities that promise high returns with little or no risk. These are likely scams.

You should "ask, check and confirm" before forextrustindex. You can check the broker's qualification information and complaints on FTI's website to avoid any potential scams.

You can also expose forex / crypto scamson FTI, FTI will do everything in its power to help you and expose scams, warn others not to be scammed.

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