Reported as a scam / unregulated
Why Rong Hui is on the register
Rong Hui claims to be owned and operated by RONGHUI GROUP CO., LTD, a regulated broker in the US by two financial authorities, including FinCEN under MSB license number 31000209641672, and NFA under NFA ID 0546757. However, despite its claims, this broker doesn’t fall under valid regulation for the following reasons. 1) FinCEN does not regulate forex markets nor does it issue licenses for brokers engaging in such activities. 2) We indeed found a result matching this broker in NFA’s registry, however, Rong Hui is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a “retail forex exchange dealer.” Obviously, Rong Hui doesn’t satisfy these conditions. All evidence clearly states that this broker is merely a registered firm rather than a regulated one and is not qualified to carry out such services. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.