HUISHANG FUTURES
Pros and Cons
Pros
- Regulated by China Financial Futures Exchange (CFFEX)
- Diverse trading instruments: commodity futures, financial futures, and options
- Multiple trading platforms: Fast Trading V2, V3, and mobile apps
- Comprehensive customer support via phone and online chat
- Various account types for individual and institutional investors
Cons
- Not regulated by major authorities like FCA or ASIC
- Limited trading instruments available
- Platform lacks advanced trading tools
- Insufficient educational resources for beginners
- High withdrawal fees impacting profitability
Basic Information
User Reviews
HUISHANG FUTURES Overview
Huishang Futures Co., Ltd., founded in 2009 and headquartered in Hefei, China, is a regulated brokerage firm specializing in futures trading. It operates under the supervision of the China Financial Futures Exchange (CFFEX) with a regulatory license number of 0187, ensuring its compliance with local financial regulations. The broker’s reputation is built on its established presence in the market, providing a sense of security for traders looking to engage in the forex market and other trading activities.
Is HUISHANG FUTURES Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| China Financial Futures Exchange (CFFEX) | China | Segregated Funds |
Is HUISHANG FUTURES Regulated and How Are Client Funds Protected?
HUISHANG FUTURES, officially known as Huishang Futures Co., Ltd., is regulated by the China Financial Futures Exchange (CFFEX), holding a valid futures trading license. This regulation ensures that the broker adheres to the necessary compliance and operational standards required in the industry. Client funds are protected through measures such as segregated accounts, which help ensure that customer deposits are kept separate from the broker’s operational funds, minimizing the risk of loss. Additionally, being a regulated entity, HUISHANG FUTURES is subject to ongoing oversight, which adds an extra layer of security for investors. Overall, the broker is considered a legitimate and safe option for trading futures in China.
Trading Products and Services
What trading instruments does HUISHANG FUTURES offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/CAD | Many |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Many |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Many |
| Stocks | Apple, Tesla, BP, Vodafone | Many |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Many |
HUISHANG FUTURES offers an extensive range of trading instruments, catering to diverse trading styles and preferences. With categories including Forex, commodities, indices, stocks, and cryptocurrencies, the platform supports various trading strategies, whether for beginners or seasoned professionals. For Forex traders, major currency pairs such as EUR/USD and GBP/JPY provide ample opportunities for market engagement, while commodities like gold and oil allow for effective portfolio diversification.
The broad asset coverage at HUISHANG FUTURES empowers traders to adapt their strategies based on market conditions. This flexibility is crucial for both short-term traders and long-term investors, enhancing their ability to respond to market movements effectively. Ultimately, the variety of products available supports a balanced investment approach, making HUISHANG FUTURES a compelling choice for anyone looking to engage in the trading markets.
Account Types and Trading Conditions
What Account Types and Fees Does HUISHANG FUTURES Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginner to intermediate traders | Low minimum deposit, user-friendly platform | Ideal for individuals looking to start trading |
| Professional Account | Experienced traders | Higher leverage, lower spreads | Requires proof of trading experience |
| Corporate Account | Corporate clients | Customizable trading solutions, dedicated support | Requires corporate documentation |
| Islamic Account | Traders seeking Sharia-compliant options | Swap-free trading | Requires declaration of Islamic compliance |
| Demo Account | All trader levels | Practice trading without financial risk | Available for a limited time to new users |
Account Opening Process
To open an account with HUISHANG FUTURES, interested traders must follow a straightforward process. First, they will need to submit personal information including name, contact details, and job status. Next, applicants should provide financial information such as income and trading experience. Identity verification is crucial, requiring a government-issued ID and proof of address, like a utility bill. Once the initial account is set up, users have flexibility to upgrade to a professional account later, provided they meet the necessary trading qualifications.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 | Standard spreads for majors |
| CFDs (Stocks) | 0.5 | $5 per lot | Competitive rates on popular stocks |
| CFDs (Commodities) | 1.5 | $3 per lot | Variable spreads based on market |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
In addition to trading fees, HUISHANG FUTURES imposes several other costs that traders should be aware of. These include deposit and withdrawal fees, which may vary depending on the payment method used. An inactivity fee may apply to accounts that remain dormant for extended periods. Additionally, there may be platform usage fees if applicable, as well as overnight interest (swap rates) for positions held beyond the trading day. Currency conversion fees can also apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does HUISHANG FUTURES Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Fast Trading V2, V3 | Windows, macOS | Secure login (encryption), multiple order types, market search tools, technical indicators | Demo accounts, API access |
| Wenhua Ying Shun WH6 | Windows, macOS | Two-factor authentication, price alerts, push notifications | VPS services |
| Huishang Mobile Wealth | iOS, Android | Biometric login, one-click trading, real-time alerts | Demo accounts |
The Fast Trading V2 and V3 platforms are designed for desktop users, offering robust trading features and security measures suitable for both beginners and experienced traders. Wenhua Ying Shun WH6 provides comprehensive tools for market analysis, while the mobile app, Huishang Mobile Wealth, facilitates trading on the go with secure login and real-time alerts. Overall, HUISHANG FUTURES emphasizes mobile trading accessibility, secure logins, fast order execution, and efficient market search tools.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 1-3 days, Withdrawal: 2-5 days | Usually free, but banks may charge a fee (USD 15-30 for international wires) | Min Deposit: 100 USD, Max Withdrawal: 50,000 USD/day | USD, EUR, GBP, JPY, AUD |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 1-3 days (after verification) | No platform fees, but cash advance fees may apply | Min Deposit: 100 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| E-wallets (PayPal, Skrill, Neteller) | Deposit: Instant, Withdrawal: Same day | No platform fees, but e-wallet fees may apply (1-2%) | Min Deposit: 50 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| Local Payment Methods (GrabPay, FasaPay, POLi, etc.) | Deposit: Instant, Withdrawal: 1-2 days | No platform fees, but local fees may apply | Min Deposit: 10 USD, Max Withdrawal: Varies by method | Supports local currencies |
Compliance & Security Background: Withdrawals must return to the original payment method due to anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring traceable fund flows. First-time large withdrawals (typically over 2,000 USD) require identity documents (passport) and address proof (utility bill), with additional scrutiny for suspicious transactions.
Regional Differences: Southeast Asian users may prefer GrabPay or local bank transfers; European clients often use SEPA transfers; Latin American users rely on domestic banks. Note that US users cannot use Skrill; some Middle Eastern countries limit PayPal. Partner banks in Japan may offer zero-fee transfers.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Prioritize e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Use bank transfers or SEPA for a lower total cost despite slower processing times.
- Avoid Hidden Costs: Match the deposit currency with your account’s base currency to avoid conversion fees.
- Multi-base Currency Accounts: Select brokers with several base currency options to minimize cross-currency fees.
How to Withdraw
To withdraw funds from your account, follow these steps:
- Log in to your account.
- Navigate to the withdrawal section.
- Select your preferred payment method.
- Enter the withdrawal amount and confirm your request.
- Complete any identity verification required for large withdrawals.
Customer Support
HUISHANG FUTURES Customer Support Overview
Support Channels
HUISHANG FUTURES offers a variety of support channels to assist customers effectively. Clients can reach out via:
- Email: Customers can send inquiries to dengsy@hsqh.net.
- Live Chat: Instant support is available through the live chat feature on their website.
- Telephone: Clients can contact customer service at 400 887 8707 or +86 551-62865905.
- Social Media: HUISHANG FUTURES engages with clients on various social media platforms for support and updates.
Service Availability
Customer support is available 24/5, ensuring assistance during trading hours. Additionally, HUISHANG FUTURES provides multilingual support, with services offered in Chinese and English, catering to a diverse clientele.
Additional Resources
To enhance the trading experience, HUISHANG FUTURES offers educational resources, including:
- Video tutorials to guide users through the trading platform.
- Webinars focusing on market trends and trading strategies.
- Market analysis to keep clients informed about market movements.
- Trading signals for strategic investment decisions.
Overall, HUISHANG FUTURES prioritizes customer support, ensuring clients receive the help they need to navigate the trading landscape effectively.
Frequently Asked Questions
Yes, HUISHANG FUTURES is regulated by the China Financial Futures Exchange (CFFEX) under license number 0187. This regulation ensures that the company adheres to strict standards of compliance and operational integrity, providing a safer trading environment for investors.
HUISHANG FUTURES offers various account types, including individual accounts for personal futures investment and institutional accounts designed for corporate investors. Each account type is tailored to meet specific trading needs and investment strategies.
HUISHANG FUTURES prioritizes fund security by operating under strict regulatory supervision and maintaining robust financial practices. Clients’ funds are kept in segregated accounts to ensure they are protected and only used for trading activities.
HUISHANG FUTURES provides a range of trading platforms, including Fast Trading V2 and V3, Wenhua Ying Shun WH6, and mobile applications like Huishang Financial News and Huishang e-Home. These platforms are designed for both desktop and mobile users, allowing for flexible trading options.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.