Xiang Rong Limited
We checked Xiang Rong Limited against the AskCheck register. It has been reported (2023) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Xiang Rong Limited claims to have the MSB license M20766629 issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Although we did find this license in the registry of FINTRAC, the company under this number is named Leobor Forex Global Limited with a different domain. Furthermore, that domain is unavailable. This is a red flag. What's more, FINTRAC is Canada's financial intelligence unit whose mandate is to facilitate the detection, prevention and deterrence of money laundering and the financing of terrorist activities, while ensuring the protection of personal information under its control. It doesn't have the authority to regulate forex activities. Therefore, having an MSB license doesn't mean being authorized to offer services or products in forex trading. In essence, Xiang Rong Limited is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Xiang Rong Limited.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.