WikiFX Review: Is Loncin Global a solid broker?

In this article

WikiFX provides inquiry services in the forex field.

WikiFX evaluates the reliability of Loncin Global based on the facts.

What is WikiFX？

1. Evaluate the reliability of Loncin Global based on its general information and regulatory status

To understand Loncin Global better, we explore Loncin Global by analyzing three main perspectives:

A. General Info of Loncin Global

B. Regulatory Status

A. General Info of Loncin Global

Loncin Globals general info has been shown below:

(source: WikiFX)

About Loncin Global

Loncin Global is an online forex broker offering a couple of financial instruments to its clients. This broker has experience of within 1 year. It is claimed to be regulated in the United States. However, WikiFX has marked this broker as “ No License”.

Trading Platform

Loncin Global uses Mt4 and MT5 as its main trading platforms.

Unavailable Website

Despite we want to know more about this broker, the official website of this broker cannot be opened anyway. See below.

B. Regulatory Status

What is a Legitimate License？

• The legitimate license is the business license issued by the financial regulatory institution of each country/region.

• Holding a license means that the broker is recognized and regulated by the regulatory authority, therefore your money is under the protection to some extent.

• Whether a forex brokerage firm holds a legitimate license or not is one of the important factors to evaluate the reliability of forex brokers.

• The content of the regulation and the difficulty of obtaining a license vary with the country and agency issuing the license.

Is Loncin Global legit？

Loncin Global is not a regulated broker. It claimed to be regulated by NFA in the United States. However, according to WikiFX, the regulatory status of NFA with license number: 0549047 is unauthorized.

2. Special survey about Loncin Global from WikiFX

Scoring Criteria

WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Loncin Global has been given by WikiFX a decent rating of 1.41/10.

(source: WikiFX)

(Note: Because different regions or countries have different levels of regulatory strictness, the score of the same broker might be slightly varied in other regions or countries. For details, please consult WikiFX customer service.)

3.Conclusion:

WikiFX does not consider Loncin Global is a great choice for traders to invest in. We believe that an unregulated broker with a low WikiFX score is barely able to enhance your trading result, instead increasing the possibility of causing you a heavy financial loss. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself. If you have any problems with this broker, please do not hesitate to contact WikiFX. The global customer service of WikiFX is +234-706 777 7762 on WhatsApp. Or you can call +65-31290538. We are willing and ready to help you out.

Click on Loncin Global' WikiFX page for details