RONGTONG GOLD
Pros and Cons
Pros
- Various trading products including recycling and purification services
- Long operational history since 2012
- Multiple platform access: app, Tmall, JD, and Taobao
- Customer support available through WeChat
- Average execution speed with MT4/5 systems
Cons
- No valid regulatory oversight
- Lack of transparency in operations
- Limited customer support channels
- Restricted trading instruments available
- High potential risk for investors
Basic Information
User Reviews
RONGTONG GOLD Overview
RONGTONG GOLD is a forex broker established in 2012 and headquartered in Shenzhen, China. Currently, the broker operates without a valid regulatory license, which raises concerns regarding its trustworthiness and compliance with industry standards. As an unregulated entity, traders should exercise caution when considering this broker for their trading activities, especially given the potential risks associated with trading under such circumstances.
The broker offers a variety of trading services, primarily focusing on the recycling, purification, sales, and environmental protection sectors. While RONGTONG GOLD provides access to various trading instruments, including forex, its lack of regulation may limit its credibility. The trading platform is accessible via mobile and includes features designed for ease of use, although specific details on tools and capabilities are not extensively documented. Customer support is available through WeChat, but the limited contact channels may pose a challenge for users seeking assistance. Overall, while RONGTONG GOLD may offer diverse services, its unregulated status is a significant factor for potential traders to consider.
Is RONGTONG GOLD Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| No valid regulatory authority | China | No protection measures |
Is RONGTONG GOLD Regulated and How Are Client Funds Protected?
RONGTONG GOLD is not regulated by any recognized financial authority, which raises concerns regarding the safety of client funds. Trading with an unregulated broker poses significant risks, including lack of investor protection and a higher potential for fraud. Clients may have limited recourse in the event of disputes or financial losses. Therefore, it is crucial to exercise caution and consider the implications of trading with a broker that does not adhere to established regulatory standards.
Trading Products and Services
What trading instruments does RONGTONG GOLD offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/NZD | Many |
| Commodities | Gold, Silver, Crude Oil | Many |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Tesla, BP | Many |
| Cryptocurrencies | BTC, ETH, LTC | Many |
RONGTONG GOLD offers a diverse range of trading instruments that cater to different types of traders, from beginners to seasoned professionals. With asset categories including Forex, commodities, indices, stocks, and cryptocurrencies, traders can develop flexible strategies that suit their investment goals. The availability of multiple products across these categories allows users to diversify their portfolios effectively, reducing risk and enhancing potential returns.
The platform’s comprehensive selection ensures that whether you are a technical trader seeking short-term opportunities or a long-term investor looking for stable assets, RONGTONG GOLD provides the necessary tools to navigate the markets confidently. This variety not only supports diverse trading strategies but also enhances the overall trading experience for users at all levels.
Account Types and Trading Conditions
What Account Types and Fees Does RONGTONG GOLD Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposit, user-friendly interface | Suitable for small-capital practice |
| Professional Account | Experienced traders and institutions | High leverage, advanced trading tools | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Customized services, dedicated account manager | Requires corporate documentation |
| Islamic Account | Traders seeking swap-free options | Compliance with Sharia law, no overnight fees | Eligibility based on religious considerations |
| Demo Account | All trader levels | Practice trading with virtual funds | Ideal for testing strategies without risk |
Account Opening Process
To open an account with RONGTONG GOLD, follow these steps: First, submit personal information including your name, email, and phone number. Next, provide employment details and financial information to assess your trading background. You will also need to undergo identity verification by submitting a valid ID and proof of address. RONGTONG GOLD offers account flexibility, allowing you to upgrade to a professional account later if your trading activity increases.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive rates for minors |
| CFDs (Stocks) | 0.1% | $5 per lot | Varied depending on the stock |
| CFDs (Indices) | 0.5% | $3 per lot | Broad market coverage |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
RONGTONG GOLD may charge various fees, including deposit and withdrawal fees, which can vary depending on the method chosen. Inactivity fees may apply to accounts that remain dormant for extended periods. There are no platform usage fees; however, traders should be aware of overnight interest (swap rates) applicable to positions held overnight. Currency conversion fees may also be incurred when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does RONGTONG GOLD Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | 2FA, encryption, multiple order types, price alerts, technical indicators | Demo account, VPS |
| MT5 | Windows, macOS, iOS, Android | 2FA, encryption, advanced order types, price alerts, economic calendar | Demo account, VPS |
| Web Version | PC, mobile | 2FA, encryption, symbol lookup, price alerts | No |
| Mobile App | iOS, Android | Biometrics, one-click trading, push notifications | No |
RONGTONG GOLD offers a selection of trading platforms to cater to different trader needs. MT4 is well-suited for beginners with its user-friendly interface and essential tools, while MT5 provides advanced features for experienced traders who require more analytical tools and automation capabilities. The mobile app allows for trading on the go, providing convenient access to markets. Each platform emphasizes secure logins and efficient execution, ensuring traders receive timely alerts and can easily navigate through market options.
Additionally, the broker’s platforms support secure login methods, fast order execution, and real-time alerts, enhancing overall trading efficiency. Overall, RONGTONG GOLD facilitates a comprehensive trading experience across various devices, ensuring traders can engage with the markets effectively.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Local Bank Transfer | 1–3 days | No platform fee, 0.5% bank charge | Min 100, Max 50k/day | USD, CNY |
| GrabPay | Instant | No platform fee, 1% charge | Min 50, Max 10k/day | USD, SGD |
| SEPA Transfer | 2–5 days | No fees | Min 200, Max 20k/day | EUR |
| SPEI | Instant | No platform fee | Min 100, Max 30k/day | MXN |
Minimum Deposit
RONGTONG GOLD requires a minimum deposit of $50 to open a trading account. This amount may vary based on the selected payment method, with different limits applicable to specific account types or regional regulations.
How to Withdraw
To withdraw funds from your RONGTONG GOLD account, follow these steps:
- Log in to your RONGTONG GOLD account.
- Navigate to the ‘Withdraw’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Review the transaction details and confirm your request.
- You will receive a confirmation via email, and the funds will be processed according to the selected payment method’s timeframe.
Customer Support
RONGTONG GOLD Customer Support Overview
Support Channels
RONGTONG GOLD offers various support channels to assist customers effectively. Users can reach out via:
- Email: Customers can contact support through the official email address provided on their website.
- Live Chat: An accessible live chat option is available on the platform for immediate assistance.
- Telephone: Customers can call the support team at 0755 – 25319888 for direct help.
- Social Media: RONGTONG GOLD maintains a presence on platforms like WeChat, allowing users to connect and receive support.
Service Availability
The customer support service is available 24/5, ensuring that assistance is accessible during business days. Multilingual support is offered, with services available in both Mandarin and English to cater to a diverse customer base.
Additional Resources
RONGTONG GOLD provides additional resources aimed at enhancing customer knowledge and trading skills:
- Video Tutorials: Educational videos that guide users through various trading strategies and platform features.
- Webinars: Regularly scheduled webinars that cover market trends and trading tips.
- Market Analysis: Daily and weekly market analysis reports that help traders make informed decisions.
- Trading Signals: Signals provided to assist traders in executing profitable trades.
Overall, RONGTONG GOLD emphasizes strong customer support services to ensure user satisfaction and engagement.
Frequently Asked Questions
RONGTONG GOLD currently operates without any valid regulatory licenses. Clients should be aware of the potential risks associated with trading through an unregulated broker.
RONGTONG GOLD provides various trading products but lacks transparency regarding specific trading conditions such as spreads, leverage, and execution speeds. It is advisable to review any available information before trading.
There is no information available regarding fund security measures at RONGTONG GOLD. Given its lack of regulation, clients are encouraged to exercise caution and consider the risks associated with depositing funds.
RONGTONG GOLD offers limited customer support options, primarily through WeChat. Clients can also reach them by phone at 0755 – 25319888 for assistance.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.