CHINA DRAGON
Pros and Cons
Pros
- Regulated by CFFEX in China
- Diverse trading platforms including mobile and desktop options
- Offers demo accounts for practice trading
- Strong customer support channels available
- No minimum deposit or withdrawal requirements specified
Cons
- Not regulated by major authorities like FCA or ASIC
- Limited to futures trading only
- Lack of advanced trading tools and features
- No educational resources or market analysis available
- High margin fees on trades
Basic Information
User Reviews
CHINA DRAGON Overview
CHINA DRAGON, established in 2019 and headquartered in China, is a regulated forex broker licensed by the China Futures Market Association (CFFEX). With a focus on providing futures trading services, CHINA DRAGON operates under a reputable regulatory framework, ensuring a level of trust and security for its clients. The broker emphasizes transparency and has made its regulatory status a key part of its offering, which can be verified through official regulatory sources.
Is CHINA DRAGON Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| CFFEX | China | Segregated Funds |
Is CHINA DRAGON Regulated and How Are Client Funds Protected?
CHINA DRAGON is a regulated broker under the China Financial Futures Exchange (CFFEX). As a licensed entity, it is authorized to offer futures trading services. Client funds are protected through measures like segregated accounts, ensuring that investors’ money is kept separate from the broker’s operational funds. This regulatory oversight helps mitigate risks associated with trading, enhancing investor confidence. Additionally, CHINA DRAGON offers various trading platforms and maintains compliance with local regulations, contributing to a safer trading environment for its clients.
Trading Products and Services
What trading instruments does CHINA DRAGON offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Not Available | |
| Commodities | Not Available | |
| Indices | Not Available | |
| Stocks | Not Available | |
| Cryptocurrencies | Not Available |
CHINA DRAGON primarily focuses on futures trading, providing a regulated platform for users interested in this asset category. While the broker does not currently offer a variety of trading products such as Forex, commodities, indices, stocks, or cryptocurrencies, it is designed to cater to traders who specifically want to engage in futures markets. This specialization may appeal to professional traders and those looking for specific futures contracts to diversify their portfolios. The absence of multiple asset classes may limit trading strategy flexibility for some users, yet it underscores CHINA DRAGON’s commitment to providing a focused trading environment.
Account Types and Trading Conditions
What Account Types and Fees Does CHINA DRAGON Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low deposit requirements, user-friendly interface | Ideal for small-capital practice |
| Professional Account | Experienced traders | High leverage, access to advanced trading tools | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Customized services, multi-user access | Requires corporate documentation |
| Islamic Account | Traders requiring swap-free conditions | Compliant with Sharia law, no overnight interest | Available upon request |
| Demo Account | All traders for practice | Risk-free trading environment, virtual funds | No real money involved, limited time availability |
Account Opening Process
To open an account with CHINA DRAGON, potential clients must follow a systematic process. Initially, they need to submit personal information, including details about their employment and financial status. This is followed by the submission of identity verification documents, such as a government-issued ID and proof of address. The broker ensures a good level of account flexibility, allowing clients to upgrade to a professional account in the future if they meet the necessary criteria.
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 spreads |
| CFDs (Stocks) | 0.1% | $5 per lot | Varied fees based on stock volatility |
| CFDs (Indices) | 0.5% | $4 per lot | Standard commission rates |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
In addition to trading fees, CHINA DRAGON may charge various other fees, including deposit and withdrawal fees, which can vary depending on the payment method used. Inactivity fees may apply to dormant accounts, and there may be platform usage fees if applicable. Traders should also be aware of overnight interest (swap rates) for positions held overnight and potential currency conversion fees when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does CHINA DRAGON Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS, iOS, Android | 2FA, encryption, multiple order types, technical indicators | Demo account, VPS |
| Web Version | Any device with a web browser | Secure login, market search, price alerts | Demo account |
| Mobile App | iOS, Android | Biometric login, push notifications, one-click trading | Demo account |
CHINA DRAGON provides a variety of trading platforms tailored for different trader needs. MT4/MT5 caters to advanced traders with comprehensive tools for analysis and automation, while the web version ensures access across devices without installation. The mobile app enhances convenience with secure logins and real-time alerts, making trading accessible from anywhere. Each platform is designed with security in mind, incorporating encryption and multi-factor authentication to protect users’ information.
The broker’s offerings support efficient trading through fast execution and intuitive search tools, ensuring that traders can react quickly to market movements and manage their positions effectively.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Alipay | Instant | No platform fee, 1% transaction charge | Min 100 CNY, Max 50,000 CNY/day | CNY, USD |
| WeChat Pay | Instant | No platform fee, 1.5% transaction charge | Min 100 CNY, Max 50,000 CNY/day | CNY, USD |
| Bank Transfer (Domestic) | 1-2 business days | No platform fee | Min 500 CNY, Max 200,000 CNY/transaction | CNY |
| International Wire Transfer | 3-5 business days | Flat fee of 20 USD | Min 100 USD, Max 10,000 USD/transaction | USD |
| GrabPay | Instant | No platform fee, 2% transaction charge | Min 50 SGD, Max 10,000 SGD/day | SGD, USD |
Minimum Deposit
CHINA DRAGON requires a minimum deposit of 100 CNY for domestic payment methods. For international transactions, the minimum deposit is 100 USD. The minimum deposit may vary depending on the payment method and account type, ensuring flexibility for different user needs.
How to Withdraw
- Log in to your CHINA DRAGON account.
- Navigate to the ‘Withdraw’ section in the account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the withdrawal amount, ensuring it complies with the limits.
- Confirm your details and submit the withdrawal request.
- Monitor your email for confirmation and updates on the transaction status.
Customer Support
CHINA DRAGON Customer Support Overview
Support Channels
CHINA DRAGON provides a variety of contact methods to ensure that customers can easily access support when needed. The main channels include:
- Email: Customers can reach out via hlqh@hlqhgs.com for any inquiries or assistance.
- Live Chat: Instant messaging support is available on the CHINA DRAGON website for quick help.
- Telephone: For direct contact, customers can call the support hotline at 0931-8894644 or 0931-8894283.
- Social Media: Follow and contact CHINA DRAGON through their social media platforms for updates and support.
Service Availability
CHINA DRAGON offers customer support services 24/5, ensuring assistance is available during business hours. The support team is multilingual, with services provided in Mandarin and English, catering to a diverse clientele.
Additional Resources
To enhance customer experience, CHINA DRAGON provides educational resources including video tutorials and webinars. These resources aim to help traders improve their skills and stay informed about market trends.
Overall, CHINA DRAGON is committed to providing effective support and service for its customers, ensuring they have the help they need to navigate their trading journey.
Frequently Asked Questions
Yes, CHINA DRAGON is a regulated broker licensed by the China Financial Futures Exchange (CFFEX) to offer trading services, ensuring compliance with local financial regulations.
CHINA DRAGON provides trading on futures with various platforms, but does impose margin fees based on the instruments traded. The specific trading conditions may vary, so it’s advisable to review the terms directly on their platform.
CHINA DRAGON prioritizes fund security by adhering to strict regulatory standards set by CFFEX. Additionally, client funds are typically held in segregated accounts to prevent misuse.
CHINA DRAGON offers multiple customer support channels, including phone support at 0931-8894644 and 0931-8894283, as well as email support at hlqh@hlqhgs.com, ensuring clients can easily access assistance.
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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.