About Shangai-Trading
General Overview
Shangai-Trading is a proprietary trading firm registered in India and established on November 17, 2020. The company operates through its official website, shanghaitradings.com, presenting itself as a provider of funded trading accounts for retail traders. It does not offer standard retail forex or CFD brokerage services but instead focuses on profit-sharing arrangements for traders who meet its capital requirements.
The firm's branding and domain name suggest a connection to Shanghai, though its registration and operations are based in India. As an unregulated entity, it does not fall under the oversight of any financial regulatory authority, which is a critical consideration for potential clients.
Regulation and Trust
Our research confirms that Shangai-Trading is not licensed by any financial regulator. The known facts indicate zero regulatory credentials, meaning traders do not benefit from investor protection schemes, dispute resolution mechanisms, or oversight by a government body. In jurisdictions where unregulated activity is permitted, the onus falls entirely on the trader to verify the firm's legitimacy.
The absence of regulation does not automatically imply fraudulent intent, but it significantly elevates the risk profile. Combined with the high deposit thresholds and lack of transparency, it warrants a guarded approach. Industry databases and independent sources provide no additional verification of the firm's operations.
Account Types
Shangai-Trading offers four distinct account tiers, each defined by a profit split and a minimum deposit range. The highest tier, labeled 93.50% Hourly, requires a deposit between USD 10,000 and USD 15,000, while the entry-level 90.00% Daily account demands USD 200 to USD 3,500. The percentages likely represent the trader's share of profits, with the broker retaining the remainder. The 'Hourly' and 'Daily' descriptors may refer to payout frequency or trading time frames, but the broker does not clarify this.
No maximum leverage is stated for any account type, which is unusual for a prop firm where leverage is often a core feature. The minimum deposit figures are notably high compared to many competitors, potentially limiting accessibility to well-capitalized traders. Without instrument or platform details, the actual trading environment remains opaque.
Suitability and Target Audience
Shangai-Trading appears to target experienced traders who can commit substantial capital. The high minimum deposits and profit-sharing model are typical of prop firms that fund traders, but the lack of information on trading rules, drawdown limits, or evaluation periods makes it difficult to assess suitability. Beginners or those with limited funds are unlikely to meet the entry requirements.
The firm does not disclose the instruments available for trading, leaving a critical gap for traders who need to know whether they can trade forex, indices, commodities, or other asset classes. Similarly, the absence of platform names—such as MetaTrader, cTrader, or proprietary software—raises questions about trade execution and tools.
Social Media and Public Presence
Shangai-Trading maintains accounts on Facebook, Instagram, LinkedIn, and Twitter/X, though no user reviews or community discussions were found in our research. The social media profiles may serve as a marketing channel, but their content and engagement levels are unverified. A social media presence does not substitute for regulatory oversight or transparent business practices.
Potential clients should exercise caution when relying on social media as a trust signal, as such platforms can be used to project legitimacy without substantive backing. The absence of independent user testimonials or third-party reviews further complicates due diligence.
Conclusion on Transparency
Shangai-Trading provides limited public information beyond basic account tiers and social media links. The lack of regulatory status, platform details, instrument lists, and clear terms of service creates a high degree of opacity. Traders considering this firm should seek direct clarification from the company and verify all claims before committing funds.
FXCanary's assessment is that the available information does not meet the standards of transparency expected from established prop firms. The guarded risk score of 48/100 reflects these concerns, and further independent research is strongly advised.
Overview compiled by FXCanary from regulatory records and public data. full Shangai-Trading review