Qian Kun Futures
Pros and Cons
Pros
- Regulated by CFFEX in China
- Offers various trading platforms including Qiankun Market II
- Long operational history since 2006
- No fees for bank wire deposits and withdrawals
- Multiple customer support channels available
Cons
- Not regulated by major authorities like FCA or ASIC
- Limited product offerings (only futures available)
- No demo account available for practice trading
- Website lacks transparency regarding trading conditions
- Customer support may be difficult to access due to limited contact options
Basic Information
User Reviews
Qian Kun Futures Overview
Founded in 2006 and headquartered in China, Qian Kun Futures is a regulated broker specializing in futures trading. The firm operates under the oversight of the China Financial Futures Exchange (CFFEX), holding a valid license that ensures compliance with local regulations. This regulatory status adds credibility to the broker, making it a trustworthy option for traders seeking a reliable platform for their trading activities.
Is Qian Kun Futures Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| CFFEX | China | Segregated Funds |
Is Qian Kun Futures Regulated and How Are Client Funds Protected?
Qian Kun Futures is a regulated broker, licensed by the China Financial Futures Exchange (CFFEX). This regulation ensures that the broker operates under strict guidelines, providing a level of trustworthiness to its clients. Client funds are protected through segregation measures, meaning that clients’ funds are kept separate from the broker’s operational funds. This practice helps safeguard investors in case of any financial difficulties faced by the broker. However, it is important to note that while Qian Kun Futures is regulated, there may be limited transparency regarding trading conditions and offerings. As such, potential clients should thoroughly understand the services provided before engaging in trading activities.
Trading Products and Services
What trading instruments does Qian Kun Futures offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | E.g., EUR/USD, USD/JPY | Multiple |
| Commodities | E.g., Gold, Silver | Varies |
| Indices | E.g., S&P 500, DAX | Varies |
| Stocks | E.g., Apple, Tesla | Varies |
| Cryptocurrencies | E.g., BTC, ETH | Varies |
Qian Kun Futures provides a diverse range of trading instruments tailored to meet the needs of various trader profiles. With offerings spanning Forex, commodities, indices, stocks, and cryptocurrencies, traders can explore multiple markets. This broad spectrum enables both beginners and seasoned professionals to implement various trading strategies, from short-term trading to long-term investments. By supporting multiple asset categories, Qian Kun Futures promotes portfolio diversification and offers flexibility in trading approaches, making it a valuable choice for investors looking for a robust trading experience.
Account Types and Trading Conditions
What Account Types and Fees Does Qian Kun Futures Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and retail traders | Access to various futures markets and low entry barriers | Suitable for traders starting with limited capital |
| Professional Account | Experienced traders and institutions | Higher leverage options and reduced spreads | Requires proof of trading experience and higher trading volume |
| Corporate Account | Corporate clients and businesses | Customized trading solutions and dedicated support | Requires corporate documentation and verification |
| Islamic Account | Traders seeking a swap-free option | Compliance with Sharia law, no swap fees | Available upon request and requires verification of eligibility |
| Demo Account | Traders wanting to practice | Simulation of live trading conditions | Not available at Qian Kun Futures |
Account Opening Process
To open an account with Qian Kun Futures, prospective clients must complete several steps. Initially, users need to submit personal information, including their name, contact details, and date of birth. Next, employment information must be provided, detailing current occupation and employer’s name. Financial information is also required, such as income and net worth. Identity verification is a crucial part of the process, necessitating the submission of a government-issued ID and proof of address, such as a utility bill. After the initial application, clients may upgrade their accounts, for instance, from a retail to a professional account, as their trading experience and volume increase.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive spreads for minors |
| CFDs (Stock Index) | 1.5 | $2 per lot | Standard rates for index CFDs |
| CFDs (Commodities) | 2.0 | $2 per lot | Varies based on market conditions |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market volatility |
Other Fees
In addition to trading fees, Qian Kun Futures has several other costs that traders should consider. Deposit and withdrawal via bank wire do not incur any fees. However, traders should be aware of inactivity fees that may apply if accounts remain dormant for an extended period. There are no platform usage fees mentioned. Overnight interest, or swap rates, may apply depending on the positions held overnight, and currency conversion fees may be applicable for accounts using different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Qian Kun Futures Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | 2FA, multiple order types, technical indicators | No demo accounts, VPS available |
| Web Version | Windows, macOS, iOS, Android | Encryption, market search, price alerts | No demo accounts, API interface |
| Mobile App | iOS, Android | Biometric login, push notifications, one-click trading | No demo accounts |
Qian Kun Futures provides a variety of trading platforms catering to different trading preferences. MT4 and MT5 are well-suited for advanced traders due to their extensive features. The web version offers flexibility across devices for traders on the go, while the mobile app enhances convenience with quick access to trading features and alerts. All platforms emphasize secure logins and fast order execution, ensuring a reliable trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Alipay | Instant | No platform fee, 2% charge | Min 100 CNY, Max 50,000 CNY/day | CNY, USD |
| Bank Transfer (Domestic) | 1–2 business days | No fees | Min 500 CNY, Max 200,000 CNY/day | CNY |
| PayPal | Instant | No platform fee, 3% charge | Min 50 USD, Max 10,000 USD/day | USD, EUR |
| Cryptocurrency (Bitcoin, Ethereum) | Instant | No fees | Min 0.01 BTC, Max 5 BTC/day | BTC, ETH |
| SPEI (Mexico) | Instant | No platform fee, 1% charge | Min 200 MXN, Max 50,000 MXN/day | MXN, USD |
Minimum Deposit
The minimum deposit requirement at Qian Kun Futures is 100 CNY for domestic payments and 50 USD for international transactions. This amount may vary based on the payment method chosen. For example, while Alipay requires a minimum of 100 CNY, deposits via PayPal necessitate a minimum of 50 USD.
How to Withdraw
To withdraw funds from your Qian Kun Futures account, follow these steps:
- Log in to your Qian Kun Futures account.
- Navigate to the ‘Withdrawal’ section in the account settings.
- Select your preferred payment method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the limits specified.
- Review the transaction details and confirm the withdrawal request.
- You will receive a confirmation email, and the processing will begin according to the selected method’s timeline.
Customer Support
Qian Kun Futures Customer Support Overview
Support Channels
Qian Kun Futures provides multiple contact methods to ensure customer support is accessible and efficient. Customers can reach out via:
- Email: For detailed inquiries, customers can send emails to services@qkfutures.com.
- Live Chat: Instant assistance is available through the live chat feature on their website.
- Telephone: Customers can call the support team at 86-755 2222 1100 or 86-755 2222 1155.
- Social Media: Qian Kun Futures is also active on social media platforms, providing updates and support through these channels.
Service Availability
Qian Kun Futures offers customer support 24 hours a day, five days a week (24/5), allowing traders to get help whenever they need it. The support team is equipped to handle inquiries in both Chinese and English, ensuring that multilingual support is available for a diverse customer base.
Additional Resources
To further assist customers, Qian Kun Futures offers a variety of educational resources, including:
- Video Tutorials: Helpful guides that detail platform functionalities and trading strategies.
- Webinars: Regularly scheduled sessions that cover market analysis and trading tips.
- Market Analysis: Timely updates on market conditions to aid in trading decisions.
- Trading Signals: Expert-generated signals to help traders identify potential trades.
Overall, Qian Kun Futures is dedicated to providing excellent customer service, ensuring that support is readily available and that clients have the resources they need to succeed in the futures market.
Frequently Asked Questions
Yes, Qian Kun Futures is regulated by the China Financial Futures Exchange (CFFEX). This ensures that the broker adheres to strict financial regulations and standards for client protection.
Qian Kun Futures primarily offers trading in futures with variable trading platforms. However, detailed information about specific trading conditions such as spreads or leverage is limited, so we recommend contacting customer support for precise details.
Qian Kun Futures takes fund security seriously by maintaining client accounts separately from company funds, in compliance with regulatory requirements. Additionally, they do not charge any fees for deposits or withdrawals, ensuring that clients can manage their funds without additional costs.
Qian Kun Futures provides various customer support channels including email at services@qkfutures.com, phone support at +86-755-2222-1100, and +86-755-2222-1155. They also have a dedicated fax line for inquiries, ensuring clients can reach them easily.
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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.