Score
Shinmarkets
United Kingdom|2-5 years| https://shinmarkets.com
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
shinmarkets.com
Server Location
United States
Website Domain Name
shinmarkets.com
Server IP
70.40.220.70
Company Summary
General Information
Established in 2003, Shinmarkets is a brokerage firm headquartered in London, . Its subordinate industry covers industrial, financial investment, as well as foreign exchange, index, stock and other financial derivatives.
Market Instruments
Shinmarkets offers more than 200 trading products, including forex currency pairs, precious metals, stocks/index, and CFD products.
Account Types
Three trading accounts are on offer with Shinmarkets to satisfy different traders' trading needs and strategies: Classic, ECN and Pro. opening a most basic account, that is classic account, requires as low as $5, which is encouraging and friendly to most regular traders.
Leverage
The maximum trading leverage offered by Shin Markets is up to 1:400 for forex trading, which is considered high. Since leverage can amplify both profits as well as losses, it is vital for traders to use it, especially inexperienced traders.
Spreads & Commissions
Shinmarkets says it offers extremely compettitive spreads, as low as 0.8 pips on the EUR/USD pairs, which is an attractive offering. The total cost of trading is computed using spreads by many forex brokers in today's market; as a result, brokerages that offer competitive spreads have significant client demand.
Trading Platform Available
There is in fact a downloadable MT5 trading software that is available to users with this brokerage.
Deposit & Withdrawal
In terms of deposit and withdrawal payment methods, Shinmarkets supports traders to fund their accounts through Visa, Mastercard, Swift bank transfer, BPAY, Union Pay, Skill, POLi and Neteller.
Customer Service
The Shinmarkets customer support team can be available through email: info@shinmarkets.com, and telephone: +44 207 3997708.
Trading Hour
Shinmarkets market is open 24 hours a day from Monday to Friday. The market is closed only when it is impossible to conduct transactions on the globally prescribed holidays. Start: Sunday, 21:00 GMT, End: Greenwich Friday 21:00.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 12
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Review 12
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Đoàn Tiến Xklđ
Vietnam
The broker arbitrarily corrected the currency pair price to liquidate the account.
Exposure
2022-05-06
FX3645906363
Vietnam
I just deposited 1 day and then I went to check my account from midnight to dawn at the next day and they liquidated my account while I didn't order before. Scam platform. I can't believe it when the guy asks for the password. I don't give the password but he can access my account
Exposure
2022-04-27
FX1112263838
Vietnam
MT5 account 5002778 is unable to withdraw.
Exposure
2022-04-06
Huy Thieu Bui
Vietnam
Withdrawals cannot be made on the website. The amount deposited into the account is not shown on the website, the amount in the account is less than the actual deposit. Consultants deceive customers into entering inappropriate orders, leading to negative accounts and prompting for additional deposits to remove.
Exposure
2022-01-21
Huy Nguyen71204
Vietnam
Withdrawal date: Nov-12th. Withdrawal amount: 794.99$. So far, the broker has not approved the withdrawal order. I have emailed the broker but the their email address cannot be sent.
Exposure
2021-12-02
FX2052611532
Vietnam
Before the MT5 upgrade, the exchange reported only x3% of the deposit to keep the account. When upgrading MT5 widened the spread to 1000 3800 which burns the client's account. After the account was burned, the message was told that the customer had cut off the order and was not responsible for the customer's account burn.
Exposure
2021-11-21
FX2052611532
Vietnam
MT5 upgrading report x3% deposit, but widened the spread of codes and orders to 1000 3800, which burns the customer's account. The emails on the website does not exist.
Exposure
2021-11-20
FX2052611532
Vietnam
Report to upgrade MT5 x3% for deposit, but increase the spread of codes and orders to 1000 3800, which burns the customer's account. The email and phone number posted on the website is also fake and can't be contacted. The newspaper does not exist
Exposure
2021-11-20
FX4262366474
Vietnam
My name is Nguyen Son Hai. Transaction ID: 5002791. I withdrew at 11:00:54 October 6, 2021 but did not receive it. No one helped me. My number was 0349834282.
Exposure
2021-11-01
Đoàn Tiến Xklđ
Vietnam
It changed the price and liquidated users’ accounts.
Exposure
2021-09-20
FX8999727662
Vietnam
Everyone, look at the picture I attached, I bought it and ordered the floor to fix it for me, tk
Exposure
2021-06-05
Đoàn Tiến Xklđ
Vietnam
Invite everyone to take a look at my account. The self-correcting reserve price made me burn tk. Let's take a look at the usdjpy code. I bought it for 1 price, but fixed the tk for me. Because the retreat order was issued, it has been said to extend the time for repairing the fire. The support number 037 3870417 is a scam.
Exposure
2021-06-04