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Cang Limited

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Operating status: SCAM

Website: https://www.cangforex88.com/ （https://www.tierl-fx.com/index.php）

Broker violations and abnormal records
  • 2022-01-05 The Malta MFSA Added Cang Limited into Its Warnings

    On 6 Jan 2022, the Malta Financial Services Authority (MFSA) issued a warning that Cang Limited is a clone of MFSA-regulated company. You may visit: https://www.mfsa.mt/news-item/mfsa-warning-tier1fx-clone/

    On 6 Jan 2022, the Malta Financial Services Authority (MFSA) issued a warning that Cang Limited is a clone of MFSA-regulated company. You may visit: https://www.mfsa.mt/news-item/mfsa-warning-tier1fx-clone/
  • 2022-04-05 BrokersView has reviewed that Cang Limited is an Unregulated Forex Broker

    Cang Limited claims it has been operating for 10 years and displays some of its awards earned from 2010 to 2016. However, checking its domain, we found it was newly created on 17 Feb 2022. So where are its 10 years of experience from? How could it earn awards since 2010? Apparently, this broker is making false statements for unsuspecting traders. It is a red flag here.

    Besides, this broker claims it is located in Hong Kong. However, we did not find any match results for Cang Limited in the Hong Kong Securities And Futures Commission (HK SFC). That means Cang Limited is not regulated by any regulators. 

    Moreover, the Malta Financial Services Authority (MFSA) issued a warning that Cang Limited is a clone of MFSA-regulated company. 

    Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

    Cang Limited claims it has been operating for 10 years and displays some of its awards earned from 2010 to 2016. However, checking its domain, we found it was newly created on 17 Feb 2022. So where are its 10 years of experience from? How could it earn awards since 2010? Apparently, this broker is making false statements for unsuspecting traders. It is a red flag here.Besides, this broker claims it is located in Hong Kong. However, we did not find any match results for Cang Limited in the Hong Kong Securities And Futures Commission (HK SFC). That means Cang Limited is not regulated by any regulators. Moreover, the Malta Financial Services Authority (MFSA) issued a warning that Cang Limited is a clone of MFSA-regulated company. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A Complaints

Is it a safe platform?

Mark Koplan
Senegal
2022-07-28
ANSWER Cang Limited is not a regulated broker for traders even though it states offers that look good to be true. Cang Limited claims it is a HK-based company. However, we did not find any match results for Cang Limited in the Hong Kong regulator Securities And Futures Commission (HK SFC).The truth is, Cang Limited is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Cang Limited and trade with licensed brokers.
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