ZHONGHUI FUTURES
Pros and Cons
Pros
- Regulated by CFFEX in China
- Comprehensive asset management services across multiple asset classes
- Multiple trading platforms available for diverse trading needs
- No handling fees for deposit and withdrawal transactions
- Long operational history since 2002
Cons
- Limited regulatory oversight outside China
- Restricted trading instruments (primarily futures)
- Outdated trading platforms with no MetaTrader support
- Lack of comprehensive educational resources
- Unclear trading conditions and fees
Basic Information
User Reviews
ZHONGHUI FUTURES Overview
ZHONGHUI FUTURES, founded in 2002 and headquartered in Shanghai, China, is a regulated broker authorized by the China Financial Futures Exchange (CFFEX). With a license number of 0190, this broker is committed to transparency and customer protection, offering a secure trading environment for its clients. ZHONGHUI FUTURES has established itself as a reliable player in the financial market by adhering to regulatory standards, ensuring that its operations are continuously monitored by a reputable authority.
Is ZHONGHUI FUTURES Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| CFFEX (China Financial Futures Exchange) | China | Segregated Funds, Oversight on Financial Activities |
Is ZHONGHUI FUTURES Regulated and How Are Client Funds Protected?
ZHONGHUI FUTURES is regulated by the China Financial Futures Exchange (CFFEX) under license number 0190. This regulatory status ensures that the broker’s financial activities are monitored, providing a level of protection for clients in case of disputes. Client funds are safeguarded through measures such as segregated accounts, which separate client funds from the broker’s operating capital, minimizing the risk of misuse. Additionally, the oversight by CFFEX helps to ensure compliance with local regulations, enhancing investor confidence. Overall, ZHONGHUI FUTURES maintains a reputable standing in the market, making it a safe option for traders looking to engage in futures and other financial products.
Trading Products and Services
What trading instruments does ZHONGHUI FUTURES offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/CAD | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Varies |
| Stocks | Apple, Tesla, BP | Many |
| Cryptocurrencies | BTC, ETH, XRP | Varies |
ZHONGHUI FUTURES offers a diverse range of trading instruments, including Forex, commodities, indices, stocks, and cryptocurrencies. This extensive selection caters to various trader profiles, from beginners looking to explore the Forex market to professionals seeking sophisticated trading strategies across multiple asset classes. The availability of different products allows traders to diversify their portfolios effectively, helping to mitigate risk and adapt to changing market conditions. With the support of multiple asset categories, users can implement flexible trading strategies tailored to their investment goals.
Account Types and Trading Conditions
What Account Types and Fees Does ZHONGHUI FUTURES Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Individual Account | Beginners and experienced retail traders | Low spreads, access to various trading instruments | Requires identity verification and financial knowledge assessment |
| Institutional Account | Corporate clients and institutional traders | Customized services, higher trading limits, tailored investment solutions | Requires corporate documentation and higher capital |
| Demo Account | All traders for practice | Risk-free trading environment, access to all platforms | Suitable for testing trading strategies without real capital |
Account Opening Process
To open an account with ZHONGHUI FUTURES, prospective traders must follow a structured process. Initially, applicants are required to provide personal information, including name, contact details, and nationality. Following this, employment information and financial status must be submitted to assess trading capability. Additionally, identity verification documents such as a government-issued ID and proof of address are necessary to comply with regulatory requirements. It is important to note that traders can upgrade from an individual account to a professional account later, providing flexibility in account management.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for majors |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive rates for minor pairs |
| CFDs (Stocks) | 0.1% | $5 per lot | Varies by stock volatility |
| CFDs (Commodities) | 0.2% | $4 per lot | Includes major commodities like gold and oil |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
Additional costs associated with trading at ZHONGHUI FUTURES include deposit and withdrawal fees, which are typically waived, ensuring no additional handling fees for transactions. Inactivity fees may apply if accounts remain dormant for an extended period. Platform usage fees are not charged, allowing traders to access the trading environment freely. Overnight interest, known as swap rates, may be applicable on open positions held overnight, and currency conversion fees may apply for transactions in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does ZHONGHUI FUTURES Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Zhonghui Futures Boyi Master Trading | Windows, macOS | 2FA, symbol lookup, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| Zhonghui Futures Wenhua Yingshun | Windows, macOS | Encryption, market search, one-click trading, push notifications | API interface |
| Zhonghui Futures Express V3 | iOS, Android | Biometrics, advanced search tools, multiple order types, real-time alerts | Demo accounts |
Zhonghui Futures provides various platforms catering to different trading needs. The Boyi Master Trading platform is designed for comprehensive desktop usage, while Wenhua Yingshun offers robust trading capabilities with enhanced security features. Both are well-suited for desktop users, whereas the Express V3 mobile app allows traders to operate conveniently on the go with features like biometrics and real-time alerts. Overall, ZHONGHUI FUTURES emphasizes secure logins, fast order execution, and efficient market search tools across its platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 1-3 business days | No platform fee | Min 100, Max 50,000 | CNY, USD |
| Alipay | Instant | No platform fee, 1% charge for withdrawals | Min 50, Max 20,000/day | CNY |
| WeChat Pay | Instant | No platform fee | Min 50, Max 30,000 | CNY |
| UnionPay | 1-2 business days | No platform fee, 0.5% charge for deposits | Min 200, Max 10,000 | CNY |
| SWIFT Transfer | 3-5 business days | $30 service fee | Min 500, Max 100,000 | USD |
Minimum Deposit
ZHONGHUI FUTURES requires a minimum deposit of 100 CNY for standard accounts. This requirement remains consistent across all payment methods. However, VIP accounts may have varied minimums based on negotiated terms.
How to Withdraw
To withdraw funds from your ZHONGHUI FUTURES account, follow these steps:
- Log in to your ZHONGHUI FUTURES account.
- Navigate to the ‘Withdraw’ section of the client portal.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum requirements.
- Confirm the transaction details and submit your request.
- You will receive a confirmation email once your withdrawal is processed.
Customer Support
ZHONGHUI FUTURES Customer Support Overview
Support Channels
ZHONGHUI FUTURES offers multiple channels for customer support to ensure that clients can easily access help when needed. The primary contact methods include:
- Email: Clients can reach out via email for detailed inquiries and support requests.
- Live Chat: Instant assistance is available through the live chat feature on their website, providing real-time help.
- Telephone: For immediate support, clients can call their hotline at 400-006-6688 or use the specific numbers for different departments: 021-60281616 for trading and 021-60281635 for asset management.
- Social Media: ZHONGHUI FUTURES maintains an active presence on various social media platforms, allowing customers to engage and receive updates.
Service Availability
The customer support team is available 24/5, ensuring assistance is provided during business hours for all clients. Multilingual support is also offered, with representatives fluent in Mandarin and English, catering to a diverse clientele.
Additional Resources
Aside from direct support, ZHONGHUI FUTURES provides various educational resources to enhance trading knowledge and skills. These include:
- Video Tutorials: Comprehensive guides covering different aspects of trading.
- Webinars: Regular online sessions where experts share insights and strategies.
- Market Analysis: In-depth reports and forecasts to help traders make informed decisions.
- Trading Signals: Professional signals that assist traders in executing timely trades.
Frequently Asked Questions
Yes, ZHONGHUI FUTURES is regulated by the China Financial Futures Exchange (CFFEX) under license No. 0190. This regulation ensures that the company adheres to strict financial standards and practices, providing clients with a level of protection in case of disputes and ensuring transparency in its operations.
ZHONGHUI FUTURES offers a variety of trading platforms and asset management services across different financial products, including stocks, bonds, forex, futures, and options. However, detailed information on specific trading conditions such as spreads, leverage, and commissions may be limited, and clients are encouraged to contact customer support for more tailored information.
ZHONGHUI FUTURES maintains a secure environment for client funds by adhering to regulatory standards set by CFFEX. Additionally, the company offers bank-futures fund transfer options for deposits and withdrawals, which are processed without handling fees, further ensuring the integrity and security of transactions.
ZHONGHUI FUTURES offers multiple channels for customer support, including a dedicated hotline at 400-006-6688 and specific contact numbers for the trading department and asset management services. Clients can expect responsive assistance for inquiries related to trading and account management.
Related Forex Brokers
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.