Score
RENHE
United Kingdom|1-2 years| https://www.renhetrade.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：Renhe Financial Services Limited
License No.：SIA-F211
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
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed RENHE also viewed..
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Website
renhetrade.com
Server Location
Hong Kong
Website Domain Name
renhetrade.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
2018-08-12
Server IP
94.74.120.12
Company Summary
Note: RENHEs official website: https://www.renhetrade.com/ is currently inaccessible normally.
| RENHE Review Summary | |
| Founded | 2022 |
| Registered Country/Region | United Kingdom |
| Regulation | Suspicious clone under the Securities Commission of The Bahamas (SCB), license number SIA-F211 |
| Market Instruments | Forex, Commodity, Index, CFD |
| Demo Account | / |
| Leverage | Up to 100:1 |
| Spread | Low, not mentioned |
| Trading Platform | MetaTrader 4 (MT4) |
| Min Deposit | / |
| Customer Support | - Telephone: +86 01021789630 |
| - Email: cs@renhetrade.com | |
| - Registered Address: 41 Devonshire Street Ground Floor Office 1, London, W1G 7AJ, UK | |
| - Business Address: 1-1301, Jiukeshu, Cuijingbeili, Tongzhou District, Beijing, China | |
RENHE Information
RENHE promises to offer Forex, commodities, indices, and CFDs on MetaTrader 4 (MT4). It gives traders 100:1 leverage to maximise returns. RENHE has a suspicious Securities Commission of The Bahamas clone licence.
Pros and Cons
| Pros | Cons |
| Multiple Market Instruments | Suspicious clone SCB License |
| No Commission Charges | Website inaccessible |
| MT4 Trading Platform | Limited fee information |
Is RENHE Legit?
The Bahamas Securities Commission considers Renhe Financial Services Limited a suspicious clone. This indicates that the entity is faking a regulatory licence. Renhe Financial Services Limited presented SIA-F211, reported to be a Bahamas Securities Commission retail forex licence. This licence is fake and does not have Bahamas regulatory control.
| Regulatory Status | Suspicious clone |
| Regulated by | Securities Commission of The Bahamas |
| Licensed Institution | Renhe Financial Services Limited |
| Licensed Type | Retail Forex License |
| License Number | SIA-F211 |
What Can I Trade on RENHE?
RENHE provides trading in Forex, commodities, indices, and CFDs among other asset classes.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Crypto | ❌ |
| CFD | ✔ |
| Indices | ✔ |
| Stock | ❌ |
| ETF | ❌ |
Account Types
RENHE provides live trading accounts but has not stated the specifics or categories for any other accounts. It limits flexibility for many trading purposes by excluding Islamic (swap-free) account alternatives and demo accounts.
Leverage
With leverage up to 100:1, RENHE lets traders control bigger positions with less capital needed. High leverage should be used by traders carefully since it may cause capital to be rapidly depleted.
RENHE Fees
RENHE promises minimal spreads and does not impose commission fees on trades, therefore lowering client total trading expenses. Their cost-effectiveness is difficult to evaluate, though, since particular charge structures for spreads, commissions, and swap rates are not clearly stated.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
| MT4 | ✔ | Desktop, Mobile (iOS/Android) | Traders who prefer a standard platform for flexibility |
Keywords
- 1-2 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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