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Shinhan Bank

Low riskBank
🇦🇺 Australia · 5-10 years · since 2019-01-02 · Shinhan Financial Group
This is a bank, not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
ASIC
Visit site ↗
—/5
★★★★★ ★★★★★
0 reviews ›
1
Licenses ›
0
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
16/100
Scam risk ›
0
Clone sites ›
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX5.61/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from Shinhan Bank? Our free assistant writes up your case and shows exactly what to do next →
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Shinhan Bank operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
16
Low risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): ASIC
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)7510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameShinhan Financial Group
Headquarters🇦🇺 Australia
Founded2019-01-02
Years operating5-10 years
Employees0
Official websiteshinhan.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
ASICInst Forex Execution (STP)000483679AustraliaRegulated

Review analysis AI

There aren’t enough independent reviews for Shinhan Bank yet to draw firm conclusions. The lack of public feedback is itself a caution sign for a smaller or newer broker.

0
Period:

Real user reviews

Where Shinhan Bank operates

Active across 31 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇰🇷 South Korea
🇺🇸 United States
🇯🇵 Japan
🇮🇩 Indonesia
🇻🇳 Vietnam
🇨🇦 Canada
🇦🇺 Australia Licensed
🇲🇲 Myanmar
🇹🇭 Thailand
🇩🇪 Germany
🇫🇷 France
🇰🇭 Cambodia
🇳🇿 New Zealand
🇮🇳 India
🇧🇷 Brazil
🇮🇹 Italy
🇹🇼 Taiwan
🇮🇱 Israel

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About Shinhan Bank

Shinhan Bank is a forex and CFD broker based in Australia, with records dating to 2019-01-02. It reports oversight from ASIC.

FXCanary’s verdict is “Low risk.” On balance the regulatory footprint and real-user feedback are reassuring, though no broker is risk-free.

Overview compiled by FXCanary from regulatory records and public data. full Shinhan Bank review