Score
Hong Kong
|
5-10 years
| https://www.osgold85.com/
Website
Rating Index
MT4/5 Identification
Full License
Hong Kong
LicensesLicensed Entity：安信金控有限公司
License No. 085
Single Core
1G
40G
1M*ADSL
Hong Kong
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
osgold85.com United States
VIP is not activated.
| 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 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 | Cons |
| None | Unregulated (Suspicious Clone) |
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 |
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 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 | 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 |
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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