As FxGecko has exposed many times before, Shenghui Group Ltd is an almost anonymous, unregulated trading platform. It has a rating of only 2.1 on FxGecko, has been operating for less than 1 year and is extremely risky.

As with Mta5 Trade, you are always at risk of being defrauded when you invest on such anonymous, unregulated trading platforms.

Currently, FxGecko has received 8 complaints from customers against Shenghui Group Ltd.

Shenghui Group Ltd does not allow these clients to withdraw their funds and even requires them to pay 15%, 20% or 30% tax in order to withdraw their funds.

FxGecko reminds you that any trading platform that asks you to pay taxes, deposits and other withdrawal fees is a scam.

DO NOT pay them any taxes or fees as the scammers are just trying to scam you for more money and will not really let you withdraw your money.

In addition, FxGecko data shows that Shenghui Group Ltd is associated with 15 trading platforms, including several scam brokers. FxGecko warns you to avoid these platforms to avoid being scammed. (You can view these trading platforms for free on FxGecko APP)

Broker details: https://www.fxgecko.net/en_US/platform/15971.html

Things to do after you got scammed

✔ 1. Collect evidence by taking screen shots of all trades, messages and communications, money transfer addresses, their websites, etc.

✔ 2. Contact your bank or credit card provider to see if they can recall the funds.

✔ 3. Submit a complaint on FxGecko APP and share details about what happened. Remember to provide...

• A. Their company name/website.

• B. Your country/region.

• C.Your account number.

• D. The amount they owe you.

• E. The email response of their refusal of your withdrawal request.

• F. What conditions must be met in order to make a withdrawal.

Be careful to edit out your private information and do not post your contact details publicly. After submitting your complaint, FxGecko's customer service will further assist you in dealing with the issue.

Reminder: Don't trust individuals or organisations who claim to be able to get your money back - they may be selling hope and scamming you again. This is especially true if they ask you to pay in advance, which is a "recovery scam".