Potential clone entity – Swhyone / Shenwan Hongyuan has been flagged by Securities Commission for "Unregistered/Unlicensed entity offering financial products or services|Regula...". Possible clone operating an illegal investment scheme
Carrying on unlicensed capital market activities of dealing in securities
Misrepresentation and misuse of SC’s name and logo This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After spending for just over a year trying to make Potential clone entity – Swhyone / Shenwan Hongyuan work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Fast deposits|Clean UI|Automated trading options|Two-factor authentication
Cons: Wish they had more educational resources
After seeing ads for Potential clone entity – Swhyone / Shenwan Hongyuan online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Securities Commission. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Flagged by Securities Commission|Cannot verify credentials
I want to warn everyone about Potential clone entity – Swhyone / Shenwan Hongyuan. They have been flagged by Securities Commission as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Initially responsive customer service
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
I joined Potential clone entity – Swhyone / Shenwan Hongyuan through a financial advisor and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Excellent charting|Educational resources
Cons: Currency conversion fee exists
Potential clone entity – Swhyone / Shenwan Hongyuan seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Two-factor authentication|Social trading features|Good analytical tools|Instant funding
Cons: Limited ETF selection