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From my own experience as an independent trader, evaluating a broker like ChaoShang requires careful attention to both its regulatory status and the scope of its services. ChaoShang has been operating from Hong Kong since 2004 and is regulated by the Hong Kong Securities and Futures Commission (SFC), specifically holding a license for dealing in futures contracts. Regulation by the SFC is typically a positive sign, as it means the broker is subject to oversight and required to follow certain compliance standards, which is vital for safeguarding client interests. However, my caution is raised by the mention of a "suspicious scope of business" and "suspicious overrun," as well as a "medium potential risk" flag. These are not to be taken lightly in my view, especially when my long-term financial security is at stake. While the broker has a reasonably long history and offers trading in regulated products like securities, futures, and options, its product range is narrow—there's no forex or cryptocurrency, for example—which may or may not suit individual preferences. Another important consideration for me is the lack of clarity around fee structures and the fact that the platforms offered are proprietary rather than widely recognized ones. The support options do seem standard, but I found that the transparency and straightforwardness of the broker's business practices matter greatly to me in deciding who to trust with my funds. Given these factors, while ChaoShang appears legitimate from a regulatory standpoint, I remain conservative. I suggest anyone considering them proceed with careful due diligence and avoid assuming regulatory registration alone guarantees comprehensive safety or reliability. For me, only after independently verifying all relevant details and understanding all risks would I consider engaging with any broker, including ChaoShang.