Score
On Shun
Hong Kong|5-10 years| https://www.osgold85.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
SeychellesContact
Licenses
Single Core
1G
40G
Contact number
+852 3909 6999
Other ways of contact
Broker Information
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On Shun Golden Holdings Limited
On Shun
Hong Kong
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The China Hong Kong CGSE regulation (license number: 085) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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On Shun · Company Summary
| On Shun Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Hong Kong |
| Regulation | Suspicious Clone (Hong Kong CGSE - Chinese Gold & Silver Exchange Society, License No. 085) |
| Market Instruments | Physical Gold Investment, Currency-Based Gold Trading |
| Demo Account | / |
| Leverage | / |
| Spread | London Gold: $0.5/oz, London Silver: $0.04/oz |
| Trading Platform | MT5 (MetaTrader 5) |
| Min Deposit | US$5,000 |
| Customer Support | Phone: (852) 3909 6999 |
| Fax: (852) 3909 6966 | |
| Email: cs@osgold85.com | |
| Address: Room 9, 10/F, Wing On 62, Mody Road, Tsim Sha Tsui East, Hong Kong | |
On Shun Information
On Shun emphasises gold investments, both actual gold and currency-based gold trading. It claims regulated by the Hong Kong Chinese Gold & Silver Exchange Society (CGSE), however its licence is a suspicious clone, signalling fraud risks.
Pros and Cons
| Pros | Cons |
| None | Unregulated (Suspicious Clone) |
Is On Shun Legit?
On Shun claims a Type AA Hong Kong Chinese Gold & Silver Exchange Society (CGSE) licence (licence number: 085). However, this licence is marked “Suspicious Clone,” implying fraud. The broker's name may not match the licenced organisation, “安信金控有限公司,” and may use alternative contact details or domains, indicating unregulated status.
| Regulatory Status | Suspicious clone |
| Regulated by | Hong Kong (Chinese Gold & Silver Exchange Society - CGSE) |
| Licensed Institution | 安信金控有限公司 (On Shun Financial Limited) |
| License Type | Type AA License |
| License Number | 085 |
What Can I Trade on On Shun?
On Shun provides services with an eye on actual gold and options depending on currencies. These products let customers trade two major kinds of gold and invest in it.
| Tradable Instruments | Supported |
| Physical Gold Investment | ✔ |
| Currency-Based Gold Trading | ✔ |
On Shun Fees
On Shun has cheap spreads, commissions, and swap rates compared to industry standards. London Gold and London Silver spreads are $0.5 and $0.04 per ounce, respectively. London Gold has a -2% swap rate for purchase positions and -1% for sell ones, while London Silver has -1.5% for both.
| Instrument | Spread | Buy Swap Rate | Sell Swap Rate |
| London Gold | $0.5/oz | -2% | -1% |
| London Silver | $0.04/oz | -1.50% | -1.50% |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
| MT5 | ✔ | Windows, iOS, Android | Traders needing comprehensive tools for technical analysis, charting, and trading on multiple devices |
Deposit and Withdrawal
On Shun requires a US$5,000 minimum amount for fee-free deposits and withdrawals. RMB deposits and withdrawals are translated to USD for trading. For Friday withdrawals, the following Monday is handled. Withdrawals can be requested 24/7 online. Overnight positions incur interest, and forced liquidation occurs if the margin ratio dips below 20% to reduce risk.
| Transaction Method | Min. Amount | Currency | Fees | Processing Time |
| Deposit | US$5,000 | RMB | None | Immediate upon confirmation |
| Withdrawal | US$5,000 | RMB | None | T+1 (Next working day); if applied on Friday, it arrives on the following Monday |
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