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On Shun

Hong Kong|5-10 years|
High potential risk|

https://www.osgold85.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

6
Server Name
OnShunGolden-Live MT5
Server Location Seychelles

Contact

+852 3909 6999
cs@osgold85.com
https://www.osgold85.com/
Room 9, 10/F, Wing On Plaza, 62 Mody Road, Tsim Sha Tsui East​

Licenses

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

Single Core

1G

40G

Open Now

Contact number

Traditional Chinese(HK)

+852 3909 6999

Other ways of contact

Broker Information

More

Company Name

On Shun Golden Holdings Limited

Abbreviation

On Shun

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-08
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The China Hong Kong CGSE regulation (license number: 085) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

On Shun · WikiFX Survey

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On Shun · Company Summary

On Shun Review Summary
Founded2019
Registered Country/RegionHong Kong
RegulationSuspicious Clone (Hong Kong CGSE - Chinese Gold & Silver Exchange Society, License No. 085)
Market InstrumentsPhysical Gold Investment, Currency-Based Gold Trading
Demo Account/
Leverage/
SpreadLondon Gold: $0.5/oz, London Silver: $0.04/oz
Trading PlatformMT5 (MetaTrader 5)
Min DepositUS$5,000
Customer SupportPhone: (852) 3909 6999
Fax: (852) 3909 6966
Email: cs@osgold85.com
Address: Room 9, 10/F, Wing On 62, Mody Road, Tsim Sha Tsui East, Hong Kong

On Shun Information

On Shun emphasises gold investments, both actual gold and currency-based gold trading. It claims regulated by the Hong Kong Chinese Gold & Silver Exchange Society (CGSE), however its licence is a suspicious clone, signalling fraud risks.

On Shun Information

Pros and Cons

Pros Cons
NoneUnregulated (Suspicious Clone)

Is On Shun Legit?

On Shun claims a Type AA Hong Kong Chinese Gold & Silver Exchange Society (CGSE) licence (licence number: 085). However, this licence is marked “Suspicious Clone,” implying fraud. The broker's name may not match the licenced organisation, “安信金控有限公司,” and may use alternative contact details or domains, indicating unregulated status.

Regulatory StatusSuspicious clone
Regulated byHong Kong (Chinese Gold & Silver Exchange Society - CGSE)
Licensed Institution安信金控有限公司 (On Shun Financial Limited)
License TypeType AA License
License Number085
Is On Shun Legit?

What Can I Trade on On Shun?

On Shun provides services with an eye on actual gold and options depending on currencies. These products let customers trade two major kinds of gold and invest in it.

Tradable Instruments Supported
Physical Gold Investment
Currency-Based Gold Trading
What Can I Trade on On Shun?

On Shun Fees

On Shun has cheap spreads, commissions, and swap rates compared to industry standards. London Gold and London Silver spreads are $0.5 and $0.04 per ounce, respectively. London Gold has a -2% swap rate for purchase positions and -1% for sell ones, while London Silver has -1.5% for both.

InstrumentSpreadBuy Swap RateSell Swap Rate
London Gold$0.5/oz-2%-1%
London Silver$0.04/oz-1.50%-1.50%
On Shun Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for what kind of traders
MT5Windows, iOS, AndroidTraders needing comprehensive tools for technical analysis, charting, and trading on multiple devices
Trading Platform

Deposit and Withdrawal

On Shun requires a US$5,000 minimum amount for fee-free deposits and withdrawals. RMB deposits and withdrawals are translated to USD for trading. For Friday withdrawals, the following Monday is handled. Withdrawals can be requested 24/7 online. Overnight positions incur interest, and forced liquidation occurs if the margin ratio dips below 20% to reduce risk.

Transaction MethodMin. AmountCurrencyFeesProcessing Time
DepositUS$5,000RMBNoneImmediate upon confirmation
WithdrawalUS$5,000RMBNoneT+1 (Next working day); if applied on Friday, it arrives on the following Monday
Deposit and Withdrawal

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