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About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

JinDao

Hong Kong Hong Kong | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | Hong Kong Precious Metals Trading (AGN) Revoked | High Potential Risk

https://pm.gwghk.com/hk/

Website

Rating Index

Contact

852 - 3719 2500
https://pm.gwghk.com/hk/
香港九龙尖沙咀海港城港威大厦2座28楼
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Company Profile 5
5-10 years
Questionable Regulatory License
Suspicious Operational Region
Hong Kong Precious Metals Trading (AGN) Revoked
High Potential Risk
Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
5

Basic Information

Registered Region
Hong Kong
Operating Period
5-10 years
Company Name
金道贵金属有限公司
Abbreviation
JinDao
Employees
--
Email
pmhkcs@gwghk.com
Contact Number
(852) 3719-9980
Address
香港九龙尖沙咀海港城港威大厦2座28楼
FX4247393671

FX4247393671

Unverified

Hong Kong

I applied for withdrawal of 7,000 while he said the system was under maintenance and I had to operate at two thirty. And I should refill my bank card info at that time. But I was told that my info was wrong and I should pay to unfreeze my account. I can make sure that my bank card info was right. But when I checked it, there was one more 0. Isn’t it a scam?

Exposure

田埂上的梦

田埂上的梦

Unverified

Hong Kong

It ceased my trading account inexplicably.I was not satisfied with their bad manner!!!The company didn’t solve the my requirement timely,making me lose more than 800000 RMB.So irresponsible JinDao is!!!

Exposure

镜

Unverified

Hong Kong

Both the funding page and the official website are unavailable.

Exposure

青苹果

青苹果

Unverified

Hong Kong

Scam platform cleared my account.

Exposure

大鲸.余

大鲸.余

Unverified

Hong Kong

Unable to withdraw. Both the customer service and the website is unavailable. Garbage!

Exposure

一只丑陋的凸~

一只丑陋的凸~

Unverified

Hong Kong

After profiting a lot, my application for withdrawal was declined with the reason of wrong bank number.I was asked to pay 10% margin money to withdraw money.I was declined again with the reason of less-than 100 credit score and asked to deposit 35,200 in the platform.As I did so,it succeeded.I received a call from Hong Kong saying that I need to deposit 50,000 yuan to ensure the fund to my account.But the fund still hasn’t arrived.When I inquired if,I was told that a portion of my fund was stuck in the channel because of abnormal trade.Only by depositing 24,800 into the account, can the fund be abnormal.It is an absolute fraud platform.With upholding the banner of high profit,it induces investors to deposit money again and again .I have called the police.Hope you avoid being cheated.

Exposure

FX9669673574

FX9669673574

Unverified

Hong Kong

The money I deposited would arrive instantly. I applied for a withdrawal, but nothing happened after a day. They told me it would just take 2 hours. The service is cooling me.

Exposure

FX9249301067

FX9249301067

Unverified

Hong Kong

2018/9/26, JinDao has permanently disabled my MT4, MT5, GTS accounts for no reason. I have been trade since April 2016 until 2018/9 months. The accounts were still in normal use, with a total loss of 700,000 yuan. Now, my accounts were disabled with any notice. I can't find any transaction records with losses before. I hope that JinDao will give me an explanation.

Exposure

FX3119859718

FX3119859718

Unverified

Hong Kong

JinDaofroze my account for no reason. I contacted the customer service personnel, and they still don't recognize that is their account. They said they could not find the account. Aren’t the emails that informed the money were successfully deposited into the account sent by them? If the platform changes its name, it will not recognize the former clients, and it is too irresponsible. I hope FXEYES can expose them.

Exposure

FX6009685181

FX6009685181

Unverified

Hong Kong

JinDao is a scam. I can’t withdraw on it. They produced some video-verification shit to prevent me from withdrawing. This is a scam!

Exposure

FX3639864874

FX3639864874

Unverified

Hong Kong

I was induced by their agent to invest in their platform from June to October. They promised me a 100% profit. But I lost a lot after then. Those so-called instructors deliberately gave me wrong directions. I contacted the platform, who said I am not their client at all. This is a scam.

Exposure

不忘初心--工艺礼品专供

不忘初心--工艺礼品专供

Unverified

Hong Kong

My account was banned after I made an inquiry about my money flow in JinDao. I still have money in it. Scam.

Exposure

FX3219587820

FX3219587820

Unverified

Hong Kong

kindo permanently suspended my MT4,MT5 and GTS account for no reason on September 26, 2018/9/26. Since my operation in April 2016 till now, my account is still in normal use with a total loss of RMB 700,000. Now my account is suspended without any sign, and I cannot check any transaction records of previous losses.

Exposure

13
Verified Site
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Wiki Q&A
Comment

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Official Website

Verified Site

Top Visitor Locations
Hong KongHong Kong
  • Hong Kong gwghk.com
    45.195.255.74
  • Hong Kong 24k.hk
    116.251.230.61

Relationship Map

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JinDao

Related Companies

GOLDENWAY PRECIOUS METALS LIMITED(Hong Kong)
Hong Kong
GOLDENWAY PRECIOUS METALS LIMITED(Hong Kong)
Active
Hong Kong
Registration No.
1331623
Est. Date
金道貴金屬有限公司 GOLDENWAY PRECIOUS METALS LIMITED
Hong Kong
金道貴金屬有限公司 GOLDENWAY PRECIOUS METALS LIMITED
Active
Hong Kong
Registration No.
--
Est. Date

Company Profile

Company Profile

Review summary

Note: JinDao's official website https://pm.gwghk.com/hk/ is currently inaccessible normally.

JinDao Review Summary
Founded2003
Registered Country/RegionHong Kong
RegulationNot Regulated
Market InstrumentsForex, Metal, Energy
Demo AccountNot Mentioned
LeverageUp to 1:400
SpreadFrom 0.8 pips
Trading PlatformMeta Trader 4
Min Deposit$100
Customer Support852 - 3719 2500
pmhkcs@gwghk.com

JinDao Information

JinDao is an unregulated financial company offering trading services primarily through the Meta Trader 4 platform, focusing on forex, metal, and energy instruments. The company provides three account types with a minimum deposit of $100 and all offering leverage up to 1:400, and spread starts from 0.8 pips. However, the official website is inaccessible.

Pros and Cons

ProsCons
  • Supports Meta Trader 4
  • Lack of regulation
  • Offers three account types
  • Inaccessible Website
  • High leverage up to 1:400

Is JinDao Legit?

JinDao has a Type A1 License regulated by the Chinese Gold and Silver Exchange Society (“CGSE”) in Hong Kong with a license number of 074.

Regulatory StatusUnsubscribed
Regulated byChinese Gold and Silver Exchange Society (“CGSE”)
Licensed Institution金道貴金屬有限公司
Licensed TypeType A1 License
Licensed Number074
Is JinDao Legit?

What Can I Trade on JinDao?

JinDao offers many tradable assets, mainly including Forex, Metal, and Energy.

Tradable InstrumentsSupported
Forex
Metals
Energy
Indices
Cryptocurrency
Shares
Options

Account Type

JinDao offers three distinct account types: Standard, Pro, and VIP. You can refer to the table for details.

Account TypeMinimum DepositSpreadsCommissionsLeverage
Standard$100From 1.8 pipsFrom $0.07 per lotUp to 1:400
Pro$500From 1.2 pipsFrom $0.03 per lotUp to 1:400
VIP$10,000From 0.8 pipsFrom $0.01 per lotUp to 1:400

JinDao Fees

JinDao offers spreads starting from 1.8 pips, 1.2 pips, and 0.8 pips for Standard, Pro, and VIP accounts respectively. It charges the lowest commissions for VIP accounts from $0.01 per lot.

Account TypeSpreadsCommissions
StandardFrom 1.8 pipsFrom $0.07 per lot
ProFrom 1.2 pipsFrom $0.03 per lot
VIPFrom 0.8 pipsFrom $0.01 per lot

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
Meta Trader 4PC and MobileInvestors of all experience levels

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • Hong Kong Precious Metals Trading (AGN) Revoked
  • High Potential Risk

Wiki Q&A

Is JinDao safe to trade with?

JinDao operates as an unregulated entity and holds no valid regulatory licenses for forex trading. Its only recorded license from the Hong Kong Gold Exchange is listed as revoked, indicating no active investor protection mechanisms are in place.

04-02
United States

What is the license number of JinDao?

JinDao operates without a verified license for forex trading. Its sole historical regulatory entry—a precious metals trading license (AGN) numbered 074 from the Hong Kong Gold Exchange (HKGX) held by Goldenway Precious Metals Limited—is reported as revoked and therefore inactive, leaving the broker unregulated.

04-02
United States

When was JinDao established?

JinDao, formally known as 金道贵金属有限公司, is based in Hong Kong and has been operational for an estimated 5 to 10 years.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com