Fuhwold Review: Another Unregulated Platform

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  • Contact and support
  • Deposit and Withdrawa;
  • License and Registration
  • Safety of funds
  • Trading Platform
0.9

Summary

Fuhwold is yet another offshore trading platform causing havoc in the forex investment world. You need to find out how the platform rips off investors. Find out more in our comprehensive fuhwold.com review.

Fuhwold (fuhwold.com) is the short name for FUHUI FX LIMITED. Unfortunately, the platform has been in the news for all the wrong reasons. We have a platform that fails to offer any meaningful forex investment solution. Once you deposit funds with Fuhwold, it’s as good as gone. Several complaints have reached our helpdesk, and we plan to expose the platform. Get to more in our exclusive FUHWOLD REVIEW.

About Fuhwold

Fuhwold Review: Advantages and Cons

There’s a huge problem trying to navigate through Fuhwold. The platform is far from professional and not what you would expect in a trading platform. These are not professionals, and their interest is your deposits.

You need to invest in proven and realistic forex trading bots. These bots have been tested and proven to work. You should invest in reliable tools that experts in the trading world back and recommend.

Fuhwold is nothing compared to what reliable bots can do and perform. We have a platform that tries to mimic a real trading platform. It would be best if you stayed away from the platform or risk losing your investment.

Hundreds of investors in the greater Asia region have complained about the fact. Most deposit funds, trade, and even make profitable trades. The only problem is that Fuhwold.com will block all attempts of withdrawal.

None of the members have made any withdrawals for the past month. The platform is silent on the issue, and Fuhwold issued no press release.com. We believe Fuhwold.com is another exit scam that wants to rip off investors.

It would be best to find out more about a platform before committing any funds. We recommend that you do due diligence before investing in a platform. That way, you have a clear picture of what to expect with the platform.

Accounts Fuhwold

Fuhwold fails to inform users beforehand of the available accounts and features. After signing up, that’s when you get to know the possible account features. The platform opens its doors to all classes of investors.

After signing up, that’s when the platform gives you a bombshell. The imposed leverage on all trading accounts is 1:1000. Now that’s a bummer, especially if you’re a newbie when it comes to trading.

The platform also leaves out the acceptable minimum deposit. And this opens the floodgates for investors to deposit any possible amount. The platform will insist that the more you deposit, the higher your chances of winning.

It’s far from the truth, and you can deposit as low as $10 and start earning profit. Fuhwold.com is only interested in your funds. Once you deposit and start trading, the platform will use every trick in the book to block withdrawals.

Account Features

We have to expose the high leverage, which leads to members having losses. The platform greatly benefits when traders lose their positions. And this is why regulators had to step in and protect investors.

Regulators in all jurisdictions impose maximum leverage to protect all parties. For example, in Europe, regulators agree to maximum leverage of 1:100. Retail traders in the United States enjoy maximum leverage of 1:50.

Regarding an acceptable minimum deposit, regulators agree on ($€) 250. Any platform asking for more is taking advantage of naïve investors. You need to know the ground rules before signing up.

To try and claim openness, the platform claims to accept all strategies. And this means you can use any strategy to increase profit. But, sadly, even skilled traders won’t get the chance to withdraw funds after a successful trading session.

What Clients say about Fuhwold

Account Opening method

When opening an account, the platform doesn’t have a KYC policy. And this points to the blatant disregard of safety for investors. In addition, opening an account takes less than five minutes; you only need an email address.

After filling in your address and contact details, you can begin trading after funding accounts. When you click the withdraw tab, that’s when the platform asks for verification documents. The platform will ask for a copy of your ID, bank statements, and credit card details.

With the above information, it’s clear that the platform harvests banking data from clients. There’s no telling what the platform will do with your details. And this includes using your credit card to pay for online purchases.

Affiliates and Partners

The platform claims to have leading financial partners in their corner on their partner page. These include CHC clearing, Deutsche Bank, UBS Group, and more. These are false claims meant to align the platform with successful financial institutions.

It would be best to affiliate with the platform as it doesn’t release any commissions. Victims will also blame you for directing them to a false platform. The law will also see you as an accessory to online fraud.

Available Trading Assets

You get to trade with four classes of trading instruments. These include commodities, forex, indices, and shares. Commodities include household goods such as sugar and wheat. Forex trading is at the core of the platform.

The platform avails major and minor currency pairs. Unfortunately, you don’t get to spread your risks with exotic pairs. Spreads start from 3 with a growing margin rate starting from 0.20 percent. The minimum spread depends on the pair in question.

Get to trade indices on the international market level. The platform avails indices such as DAX, Dow Jones, Nikkei, NYSE, and S&P 500. You get to trade in the global market and learn about it.

Shares play a huge role in online investing and trading. Traders get to own a piece of a company for a limited time. For example, you get to trade shares of global giants such as Samsung and Tesla. Other notable shares include those of the FAANG group.

Business Owner

Are funds safe with fuhwold.com?

FUHUI FX LIMITED is the entity we see owns the trading platform. Despite claiming to have their headquarters in Hong Kong, there’s no proof of it. The physical address indicated doesn’t have this platform.

And this means Fuhwold is an anonymous investment platform. You need to stay away from such platforms or risk losing everything. We recommend that you avoid such platforms and use credible investment trading options.

Customer and support department

When you click on the live tab avatar, the platform directs you to a chat now page. Unfortunately, the page sometimes doesn’t work or load. And this is a pointer that the platform wants to limit communication to email.

With emails, the platform decides which messages to respond to. Those who have been sending withdrawal requests get ignored. There’s no other point of contact such as a phone number members could use.

Fuhwold License and Regulation

Fuhwold is not a licensed platform and fails to get Hong Kong’s regulator license. The HKMA, MPFA, or SFC don’t have any platform licensed with the above credentials. And this makes it an unregulated platform.

Try and sign up with platforms that enjoy the legal framework acceptable in most jurisdictions. These regulators include ASIC, BaFIN, CFTC, CNMV, CONSOB, CySEC, and the FCA. Others include FINMA, FINRA, NFA, and the SEC.

Fund Safety Fuhwold

Is fuhhwold.com Licensed or Regulated?

Your funds are far from safe with a platform that fails to segregate accounts. The platform holds all funds in a single offshore account. Expect no compensation when the platform goes under.

Our verdict

Please stay away from an offshore and unregulated forex investment platform. Fuhwold is trying to rip off investors.

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