Fenggao Limited (fenggaocpm.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.fenggaocpm.com.
I referred a friend to Fenggao Limited (fenggaocpm.com) after reading several online reviews. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Clean UI|Segregated accounts|Helpful community forum|Multi-device support
Cons: Wish they had more educational resources
KYC with Fenggao Limited (fenggaocpm.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Good analytical tools|Transparent fees|Full transparency|Portfolio tracking tools
Cons: Mobile app could be improved|Email notifications too frequent
My withdrawal from Fenggao Limited (fenggaocpm.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for just over a year of being strung along.
Pros: Tax reports included|Good analytical tools
Cons: Limited social trading features|No live chat on mobile
The platform at Fenggao Limited (fenggaocpm.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about eight months of dealing with this, I have had enough.
Pros: Demo account available|Social trading features
Cons: Currency conversion fee exists|Onboarding videos are outdated
Fenggao Limited (fenggaocpm.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Multi-device support|Excellent charting|Risk management tools|Intuitive for beginners
Cons: Could offer more webinars