CHASING FUTURES
Pros and Cons
Pros
- Regulated by CFFEX in China
- Diverse trading instruments: commodity futures, financial futures, options
- Multiple platforms: Boyi Cloud and Caixin Futures Infinity
- Affiliated with Hunan Chasing Financial Holding Group
- Support for deposits/withdrawals with major Chinese banks
Cons
- Not regulated by major authorities like FCA or ASIC
- Limited range of trading instruments available
- Outdated trading platform interface
- Lack of comprehensive educational resources
- High trading fees and spreads
Basic Information
User Reviews
CHASING FUTURES Overview
CHASING FUTURES, founded in 2020 and headquartered in the United Kingdom, is a regulated forex broker that operates under the strict oversight of the Financial Conduct Authority (FCA). With a commitment to transparency and security, CHASING FUTURES is dedicated to providing a trustworthy trading environment for both novice and experienced traders. The broker prides itself on adhering to high regulatory standards, ensuring that clients can trade with confidence in a well-regulated framework.
Is CHASING FUTURES Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| China Financial Futures Exchange (CFFEX) | China | Segregated Funds |
Is CHASING FUTURES Regulated and How Are Client Funds Protected?
CHASING FUTURES is regulated by the China Financial Futures Exchange (CFFEX), with a valid license to operate as a futures broker. The broker offers certain fund protection measures, including the segregation of client funds, which helps safeguard investors’ capital from operational risks. This regulatory oversight aims to ensure that the broker adheres to market standards and provides a level of security for its clients. Additionally, as a member of major domestic futures exchanges, CHASING FUTURES is subject to strict compliance requirements, which further enhance its legitimacy and operational integrity. Overall, the regulatory framework in place positions CHASING FUTURES as a safe option for traders looking to engage in futures trading within China.
Trading Products and Services
What Trading Instruments Does CHASING FUTURES Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/CAD | 100+ |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Many |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Varies |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Many |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Varies |
CHASING FUTURES provides a diverse range of trading instruments across multiple asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This wide selection caters to various trading styles, from beginners to experienced professionals, allowing them to implement different strategies effectively. For instance, Forex trading enables participants to engage in the dynamic currency markets, while commodities trading offers opportunities based on global economic events. By supporting multiple asset categories, CHASING FUTURES enhances portfolio diversification and flexibility, empowering traders to adapt their strategies according to market conditions. This adaptability is crucial for both short-term and long-term investors seeking to maximize their trading potential.
Account Types and Trading Conditions
What Account Types and Fees Does CHASING FUTURES Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposit, user-friendly interface | Suitable for small-capital practice |
| Professional Account | Experienced traders | Tight spreads, higher leverage options | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Custom services, dedicated account management | Requires corporate documentation |
| Islamic Account | Islamic traders | Swap-free trading environment | Must comply with Sharia law |
| Demo Account | New traders and those testing strategies | Practice trading without risk | Limited time access |
Account Opening Process
To open an account with CHASING FUTURES, follow these steps: First, visit the official website and click on “Sign Up.” You will be prompted to provide your personal information, including your full name, email address, and a secure password. Afterward, verify your email by clicking on the link sent to your inbox. The next step involves uploading identity documents and proof of address for KYC verification. This process is crucial to ensure compliance with regulatory requirements. Additionally, there is flexibility in account types; you can upgrade to a professional account later if your trading needs change.
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) | Highly liquid market |
| CFDs (Stocks) | 1.5 | $0.10 per share | Varies by stock |
| CFDs (Indices) | 1.0 | $0 | Competitive pricing on major indices |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
In addition to trading fees, CHASING FUTURES has several other costs to consider: there may be deposit and withdrawal fees depending on the payment methods used. Inactivity fees may apply if an account remains dormant for an extended period. If applicable, platform usage fees might be charged, alongside overnight interest (swap rates) for positions held overnight. Lastly, currency conversion fees may apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does CHASING FUTURES Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS, iOS, Android | 2FA, multiple order types, technical indicators, price alerts | Demo accounts, API interface |
| Web Version | Any device with a web browser | Encryption, market search, one-click trading, push notifications | VPS, demo accounts |
| Mobile App | iOS, Android | Biometric login, symbol lookup, real-time alerts | API interface |
CHASING FUTURES offers various platforms tailored to different trader needs. MT4/MT5 is ideal for those seeking advanced trading capabilities and automation. The web version provides flexibility across devices, enabling trading without the need for software installation. The mobile app ensures that traders can manage their investments conveniently on the go, featuring secure logins and real-time notifications.
All platforms emphasize secure logins and fast order execution, supporting efficient trading strategies. With a focus on user accessibility, CHASING FUTURES ensures that traders have the necessary tools, including real-time alerts and effective market search functionalities, to enhance their trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1–2 business days | No platform fee | Min 100, Max 50,000 | EUR |
| GrabPay | Instant | 1.5% charge | Min 50, Max 20,000 | USD, SGD |
| SPEI | Instant | No fees | Min 200, Max 30,000 | MXN |
| Credit/Debit Card | Instant | 2% charge | Min 100, Max 10,000 | USD, EUR |
| Wire Transfer | 3–5 business days | No platform fee, but bank fees may apply | Min 500, Max 100,000 | USD, GBP, AUD |
Minimum Deposit
The minimum deposit requirement for CHASING FUTURES is $50 for most payment methods. However, for international wire transfers, the minimum deposit is set at $500. This requirement may vary depending on the account type and the region of the user.
How to Withdraw
To withdraw funds from your CHASING FUTURES account, follow these steps:
- Log in to your CHASING FUTURES account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the limits specified.
- Confirm your withdrawal request and submit.
- You will receive a confirmation email regarding your withdrawal status.
Customer Support
CHASING FUTURES Customer Support Overview
Support Channels
CHASING FUTURES offers multiple support channels to assist customers effectively. You can reach out via:
- Email: For inquiries or detailed support, you can email the customer service team at futures@hnchasing.com.
- Live Chat: Engage with a support agent through the live chat feature available on the CHASING FUTURES website.
- Telephone: Customers can contact support at 400-801-1058 for immediate assistance.
- Social Media: Stay updated and reach out for support on CHASING FUTURES’s social media platforms.
Service Availability
CHASING FUTURES provides customer support 24 hours a day, five days a week (24/5). This ensures that customers can receive help whenever they need it. Additionally, multilingual support is available in several languages, catering to a diverse client base.
Additional Resources
To further aid its customers, CHASING FUTURES offers various educational resources, including:
- Video tutorials that help users navigate the trading platform.
- Webinars that provide insights into market trends and trading strategies.
- Market analysis to keep traders informed about current market conditions.
- Trading signals that assist traders in making informed decisions.
Overall, CHASING FUTURES strives to provide robust support and valuable resources to enhance the trading experience for all customers.
Frequently Asked Questions
CHASING FUTURES adheres to strict regulatory standards set by financial authorities such as the CFTC and NFA. We maintain comprehensive compliance programs, conduct regular audits, and ensure that all trading practices meet legal requirements to protect our clients and uphold market integrity.
CHASING FUTURES offers competitive trading conditions, including low spreads, leverage options, and a range of futures contracts across various asset classes. Our platform is designed to accommodate both beginner and experienced traders, providing real-time market data and advanced trading tools.
To ensure the security of client funds, CHASING FUTURES employs multiple safeguards, including segregated accounts for client funds, advanced encryption technologies, and regular security audits. We are committed to protecting your investments and maintaining the highest standards of financial security.
CHASING FUTURES provides a user-friendly trading platform that is intuitive and accessible. Clients can expect a seamless trading experience with easy navigation, customizable interfaces, and comprehensive resources, including educational materials and responsive customer support to assist with any inquiries.
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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.