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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

Cang Limited

United Kingdom|2-5 years|
High potential risk|

https://www.cang-fx.com/en

Website

Rating Index

Contact

info@cang-fx.com
https://www.cang-fx.com/en
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

Other ways of contact

Broker Information

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Company Name

DUSAS MARKET LTD.

Abbreviation

Cang Limited

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-03
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 17 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Cang Limited · WikiFX Survey

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Cang Limited · Company Summary

CangLimited

General Information

Registered in the United Kingdom, Cang Limited presents itself as an online forex broker offering diversified range of trading instruments through the leading MT5 trading platform, with leverage up to 1:400.

Is Cang Limited safe to trade with?

Cang Limited seems to be a trading name of a company called DUSAS MARKET LTD.

When it comes to regulation, it has been verified that Cang Limited is not authorized or regulated by any regulatory authorities. Thats why its regulatory status on WikiFX is marked as “No License” and It receives a pretty low score of 1.10/10.

Bear in mind that trading with an unregulated forex broker is a surefire way to lose your money. Please be aware of the risk.

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Market Instruments

Tradable instruments available on the Cang Limited is not that risk in comparison to many other platforms. With Cang Limited, four classes of trading assets are provided:

  • Foreign Exchange

  • Index

  • Noble Metals

  • Crude Oil

Account Types

As for accounts, it appears that two types of trading accounts are available: Standard and ECN accounts. The minimum deposit to open a Standard account is as high as $1,000, which is too much for regular traders to afford.

We assume that, this broker may want to extract investors money at the very first and then disappear.

Leverage

With Cang Limited, the maximum leverage that clients can use is up to 1:400, which is considered high and risky. To protect retail traders, many regulatory authorities put some restrictions on leverage, the leverage for major forex trading capped at 1:30, in Europe and Australia, 1:50 in Canada, and U.S.

Since leverage can amplify gains as well as losses, it is important for traders to choose the proper amount that they feel most at ease.

Spreads & Commissions

Typically, spreads and commissions are determined by trading accounts. The Standard account offers a commission-free trading environment, with spreads from 0.9 pips. The ECN account offers raw spreads, as low as 0.0 pips, with a certain commission charged.

Spreads

Trading Platform

Cang Limited offers its clients access to the leading MT5 trading platform, which can be accessed through iPhone, Android, and PC versions. MT5 is among the most popular trading platforms around the world, proving access to essential tools and resources needed.

Platform

Customer Support

In terms of customer support, Cang Limited can be contact only through email by traders with inquiries or trading-related issues. The “FAQ” section is also offered to solve your basic problems.

Telephone: +852 560 48855

Email: info@cang-fx.com

Registered Office Address: RM12, 19/F, Ho King Comm Ctr, 2-16 Fayuen St, Mongkok, Kowloon,Hong Kong

Risk Warning

Forex trading and online leveraged trading contains high risks and may not suitable for all investors. Before deciding to enter into any forex and CFD trading, you should carefully consider your objectives, financial status, trading goals and experience level.

Please note the information contained in this article is for general information purposes only.

Review 18

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