About SINO SOUND
Who Is Sino Sound?
Sino Sound is a precious metals broker operating under the brand name Hansheng (汉声贵金属) in Chinese markets. The company was incorporated in Hong Kong on September 18, 2017, with its registered address at Room 811, 8/F, Harbour Crystal Centre, No.100 Granville Road, Tsim Sha Tsui East, Kowloon.
The broker focuses on providing leveraged spot gold and silver trading services to retail investors, primarily targeting Chinese-speaking clients. It claims a ten-year operational history, though official records indicate a founding date of 2017, implying the brand may have been active under a different structure earlier.
Regulation and Licensing
Sino Sound holds a Type AA license (No. 208) from the Hong Kong Gold Exchange (HKGX), which is the Hong Kong Gold and Silver Exchange Society (CGSE). This license is recorded in our database as "Regulated" for precious metals trading.
The CGSE is a recognized self-regulatory organization in Hong Kong, but it is not a government regulator like the SFC. Traders should note that CGSE membership provides a degree of oversight, but it does not offer the same level of investor protection as top-tier regulators such as the FCA or ASIC.
Trading Platform and Instruments
The broker offers the MetaTrader 4 (MT4) platform, a widely used trading platform known for its advanced charting tools and automated trading capabilities. MT4 is available for desktop, web, and mobile devices.
The main instruments traded are spot gold and silver, which are offered as leveraged contracts for difference (CFDs). The broker uses an A+NDD (Agent + No Dealing Desk) execution model, which it claims provides transparency and faster order execution.
Account Types and Features
Sino Sound provides both demo and real accounts. The demo account allows traders to practice with virtual funds before committing real money. For real accounts, the broker outlines a straightforward online account opening process requiring identity and bank card information.
The broker also has a loyalty program where clients earn points for trading, which can be exchanged for gifts or physical gold. While specific minimum deposit amounts are not publicly listed, the platform appears geared toward retail traders with modest capital.
Deposits and Withdrawals
The broker's website does not extensively detail payment methods, but it mentions online deposits and withdrawals as part of the process. Clients are required to provide bank card details during registration, suggesting bank transfers or card payments are accepted.
The broker states that after verification, funds can be used for trading. Withdrawal procedures are not explicitly described on the site, which is a point of limited transparency for traders evaluating the broker.
Target Audience
Sino Sound primarily targets Chinese-speaking investors interested in precious metals trading. The entire website is available in Traditional Chinese, Simplified Chinese, and English, with the Chinese versions appearing more comprehensive.
The broker also promotes a partnership program for gold agents (introducing brokers), offering commissions for client referrals. This indicates the broker seeks to grow its client base through affiliate networks.
FXCanary Risk Score
Our firm's risk assessment team has assigned Sino Sound a Score of 41/100, categorized as "Guarded." This score reflects the broker's regulated status under the CGSE, balanced against the limited regulatory oversight compared to major financial authorities and a lack of independent user reviews.
Traders considering this broker should weigh the benefits of CGSE membership against the lower level of investor protection. We recommend conducting further due diligence, especially regarding withdrawal policies and historical complaint records.
Overview compiled by FXCanary from regulatory records and public data. full SINO SOUND review