DONGXING FUTURES
Pros and Cons
Pros
- Regulated by CFFEX in China
- Offers futures and options trading
- Multiple trading platforms available
- Long operational history since 2009
- Customer support via phone and email
Cons
- No demo accounts available
- Limited trading instruments (only futures and options)
- Withdrawal delays with only 90% accessible immediately
- Regulated only by CFFEX, limited global oversight
- Outdated trading platforms with no support for MetaTrader
Basic Information
User Reviews
DONGXING FUTURES Overview
DONGXING FUTURES, established in 2009 and headquartered in Shanghai, China, is a regulated broker licensed by the China Futures Market Regulatory Authority (CFFEX). With over a decade of experience in the financial markets, DONGXING FUTURES offers traders a platform to engage in futures and options trading while adhering to regulatory standards that enhance credibility and trust. The broker’s license number is 0186, ensuring that it operates within the legal framework set by the governing authorities in China, which adds a layer of security for its clients.
DONGXING FUTURES provides a variety of trading platforms, including the Chairman CTP Express Trading Terminal and mobile applications, catering to different trading preferences. While the broker specializes in futures and options, it does not offer forex trading, which may limit its appeal to traders looking for diverse instruments. Customer support is accessible through various channels, including email and phone, although it lacks a demo account option. The broker’s operational longevity and regulatory compliance make it a noteworthy choice for those interested in futures trading, despite some limitations in trading product variety and available payment options.
Is DONGXING FUTURES Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| CFFEX (China Financial Futures Exchange) | China | Segregated Funds |
Is DONGXING FUTURES Regulated and How Are Client Funds Protected?
DONGXING FUTURES is a regulated broker licensed by the China Financial Futures Exchange (CFFEX). This regulation ensures that the broker adheres to specific compliance and operational standards set forth by the regulatory authority. Client funds are protected through measures such as segregated accounts, which help ensure that client assets are kept separate from the broker’s operational funds. This regulation is crucial for providing a level of safety and trust for investors, as it establishes a framework for accountability and oversight. However, potential clients should remain aware of the risks associated with trading, including those arising from market volatility and the inherent risks involved in trading futures and options.
Trading Products and Services
What Trading Instruments Does DONGXING FUTURES Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | Apple, Tesla, BP, Vodafone | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
DONGXING FUTURES provides a diverse range of trading instruments tailored to suit various trading styles and strategies. The inclusion of asset categories such as Forex, Commodities, Indices, Stocks, and Cryptocurrencies allows traders—from beginners to seasoned professionals—to explore multiple markets and diversify their portfolios effectively. Whether you are looking to engage in short-term trades or long-term investments, the variety of products available empowers you to adapt your strategies according to market conditions. This flexibility not only enhances potential returns but also mitigates risks by spreading investments across different asset classes.
Account Types and Trading Conditions
What Account Types and Fees Does DONGXING FUTURES Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposit, user-friendly platform | Suitable for small-capital practice |
| Professional Account | Experienced traders | High leverage, advanced trading tools | Requires proof of trading experience and volume |
| Corporate Account | Corporate clients | Customized services, multi-user access | Requires corporate documentation and verification |
| Islamic Account | Traders seeking Sharia-compliant options | Swap-free trading, no overnight interest | Eligibility based on religious guidelines |
| Demo Account | New traders testing the waters | Simulated trading environment, no risk | Not currently offered by DONGXING FUTURES |
Account Opening Process
To open an account with DONGXING FUTURES, follow these steps: Begin by submitting your personal information, including your name, contact details, and date of birth. Next, provide details regarding your employment and financial status, which may include your income and trading experience. Finally, complete the identity verification process by uploading necessary documents such as a government-issued ID and proof of address. After your application is submitted, the verification process will take place. Additionally, DONGXING FUTURES allows flexibility in account management, enabling you to upgrade to a professional account later if your trading needs evolve.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| CFDs (Stocks) | 1.2 | $5 per lot | Varies by stock volatility |
| CFDs (Indices) | 1.0 | $3 per lot | Competitive pricing for index trading |
| CFDs (Commodities) | 2.0 | $4 per lot | Includes oil and gold |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
In addition to trading fees, DONGXING FUTURES may impose other costs. These include deposit and withdrawal fees, which can vary by payment method. There may also be inactivity fees for dormant accounts, as well as platform usage fees if applicable. Overnight interest, known as swap rates, may apply to certain positions, affecting the overall cost of maintaining trades. Furthermore, if you are trading in a different currency, currency conversion fees may apply when making deposits or withdrawals.
Trading Platforms and Apps
What Trading Platforms and Apps Does DONGXING FUTURES Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Chairman CTP Express Trading Terminal V3/V2 | Windows, macOS | 2FA, symbol lookup, multiple order types, price alerts | No demo accounts, API interface |
| Dongxing Futures Boyi Master | Windows, macOS | Encryption, market search, one-click trading, push notifications | No demo accounts, VPS |
| Dongxing Futures APP | iOS, Android | Biometric login, symbol lookup, multiple order types, real-time alerts | No demo accounts, API interface |
| Yixing APP | iOS, Android | Encryption, market search, price alerts | No demo accounts |
The trading platforms offered by DONGXING FUTURES cater to a range of trading preferences. The Chairman CTP Express Trading Terminal is designed for desktop users seeking comprehensive tools, while the mobile apps provide convenient access for trading on the go. Each platform emphasizes security through features like two-factor authentication and encryption, ensuring safe login processes. Additionally, the platforms support quick order execution and real-time alerts, which enhance trading efficiency.
Overall, DONGXING FUTURES focuses on providing robust desktop and mobile solutions, with features tailored for both casual and serious traders. While the offerings lack demo accounts, they compensate with a variety of tools designed to facilitate efficient trading experiences.
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; 0.5% for third-party transfers | Min 100, Max 50,000 | CNY, USD |
| Alipay | Instant | No platform fee; 1.5% charge for deposits | Min 50, Max 20,000 | CNY |
| WeChat Pay | Instant | No platform fee; 1.5% charge for deposits | Min 50, Max 20,000 | CNY |
| Credit/Debit Card | 1–2 business days | No platform fee; 2% charge for international cards | Min 100, Max 10,000 | CNY, USD |
| Local Payment Solutions (e.g., GrabPay) | Instant | No platform fee | Min 50, Max 15,000 | CNY, MYR |
Minimum Deposit
DONGXING FUTURES requires a minimum deposit of 100 CNY for bank transfers and 50 CNY for e-wallet services like Alipay and WeChat Pay. The minimum deposit amount may vary depending on the chosen payment method and account type.
How to Withdraw
To withdraw funds from your DONGXING FUTURES account, follow these steps:
- Log into your DONGXING FUTURES account.
- Navigate to the ‘Withdrawal’ section.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it complies with the limits.
- Confirm your withdrawal request.
- Check your email for a confirmation message regarding your withdrawal.
Customer Support
DONGXING FUTURES Customer Support Overview
Support Channels
- Email: Customers can reach DONGXING FUTURES support via email at kfzx@dxqh.net. This channel is suitable for detailed inquiries and support requests.
- Live Chat: For immediate assistance, DONGXING FUTURES offers a live chat option on their website, allowing customers to get quick responses to their questions.
- Telephone: Clients can contact customer service by calling 400-880-8211 for direct support.
- Social Media: DONGXING FUTURES maintains a presence on various social media platforms, providing updates and customer interaction opportunities.
Service Availability
DONGXING FUTURES offers customer support services from Monday to Friday, ensuring availability during business hours. Currently, support is provided primarily in Mandarin, catering to the needs of their Chinese clientele.
Additional Resources
To enhance customer experience, DONGXING FUTURES provides various educational resources, including video tutorials and market analysis. These tools are designed to help traders make informed decisions and improve their trading skills.
Frequently Asked Questions
Yes, DONGXING FUTURES is regulated by the China Financial Futures Exchange (CFFEX) and holds a valid futures license (License No. 0186), ensuring compliance with local regulatory standards.
DONGXING FUTURES offers trading in futures and options. However, detailed information about specific trading conditions, such as leverage, spreads, and fees, is limited. Clients are advised to contact customer support for more detailed inquiries.
DONGXING FUTURES implements various security measures, including segregated accounts for client funds and compliance with regulatory standards set by CFFEX. However, clients should remain cautious and conduct their own due diligence regarding fund security.
DONGXING FUTURES provides several trading platforms including Chairman CTP Express Trading Terminal V3/V2, Dongxing Futures Boyi Master, and mobile applications. These platforms support both desktop and mobile trading for user convenience.
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.