CHINA FUTURES
Pros and Cons
Pros
- Regulated by CFFEX with license number 0115
- Offers comprehensive services: brokerage, investment advisory, asset management, risk management
- Trading platforms support MetaTrader 4 and 5
- Self-developed trading applications available
- Average execution speed with mature risk control capabilities
Cons
- Not regulated by major authorities outside China
- Limited trading instruments (primarily futures)
- Outdated trading platform interface
- Poor customer support options (only phone available)
- Negative user reviews regarding withdrawal issues
Basic Information
User Reviews
CHINA FUTURES Overview
Founded in 2007 and headquartered in Shanghai, China, CHINA FUTURES is a regulated forex broker operating under the auspices of the China Financial Futures Exchange (CFFEX), with a license number of 0115. This regulatory oversight assures clients of certain protections and standards in their trading activities. With over 15 years of experience in the industry, CHINA FUTURES has established itself as a credible player in the forex brokerage sector, offering a range of services designed to meet the diverse needs of traders in the competitive financial markets.
Is CHINA FUTURES Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| CFFEX | China | Segregated Funds |
Is CHINA FUTURES Regulated and How Are Client Funds Protected?
CHINA FUTURES is regulated by the China Financial Futures Exchange (CFFEX), holding a license number of 0115. This regulation ensures that the broker adheres to specific compliance and operational standards set by the regulatory authority. Client funds at CHINA FUTURES are protected through the use of segregated accounts, which helps to ensure that client funds are kept separate from the broker’s operating capital. Additionally, CHINA FUTURES offers a range of financial services, including brokerage, investment advisory, and asset management, which are conducted under stringent regulatory oversight. As such, investors can consider CHINA FUTURES to be a legitimate and regulated broker, providing a safer trading environment compared to unregulated entities.
Trading Products and Services
What trading instruments does CHINA FUTURES offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/USD, Major & Minor Pairs | Many |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Many |
| Stocks | Apple, Tesla, BP, Vodafone | Varies |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Varies |
CHINA FUTURES provides a diverse range of trading tools and financial products, catering to various trading strategies and investor profiles. With offerings across multiple asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies, traders can easily diversify their portfolios. This extensive selection is particularly valuable for both beginners looking to explore the markets and seasoned professionals seeking advanced trading opportunities. By providing a broad spectrum of products, CHINA FUTURES supports flexible trading strategies that can adapt to changing market conditions, making it an appealing option for investors aiming to optimize their trading experience.
Account Types and Trading Conditions
What Account Types and Fees Does CHINA FUTURES Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposit, access to educational resources | Ideal for those starting with small capital |
| Professional Account | Experienced traders | Higher leverage, lower spreads | Requires verified trading experience |
| Corporate Account | Corporate clients | Custom services, dedicated account manager | Requires corporate documentation and verification |
| Islamic Account | Traders seeking Sharia-compliant options | Swap-free trading conditions | Available upon request, subject to verification |
| Demo Account | All traders | Risk-free environment for practice | No initial deposit required, valid for a limited time |
Account Opening Process
To open an account with CHINA FUTURES, users must follow a structured process. Initially, traders need to submit personal, employment, and financial information. This typically includes providing identity verification documents such as an ID and proof of address. Once the initial application is submitted, it undergoes a review process. It is important to note that there is flexibility in account types; for instance, users can upgrade from a Retail Account to a Professional Account as they gain experience and meet the necessary criteria.
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 pricing for major pairs |
| CFDs (Stocks) | 0.1% | $5 per lot | Varies by stock |
| CFDs (Indices) | 0.5% | $3 per lot | Standard index fees |
| CFDs (Commodities) | 1.2% | $4 per lot | Reflects market volatility |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
Traders should be aware of additional fees that may apply when using CHINA FUTURES. These include deposit and withdrawal fees, which can vary based on the method chosen. Inactivity fees might be charged if an account remains dormant for an extended period. Additionally, there may be platform usage fees depending on the services accessed. Traders should also consider overnight interest (swap rates) on positions held overnight, along with any currency conversion fees that might apply for transactions in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does CHINA FUTURES Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | 2FA, symbol lookup, multiple order types, price alerts, technical indicators | Demo account, VPS |
| Web Version | All browsers | Encryption, market search, one-click trading, push notifications | API interface |
| Mobile App | iOS, Android | Biometric login, symbol lookup, multiple order types, real-time alerts | Demo account |
CHINA FUTURES provides several trading platforms catering to different trader needs. MT4/MT5 is ideal for advanced traders requiring diverse tools, while the web version offers accessibility across devices without installation. The mobile app enhances flexibility, allowing traders to operate anytime with secure logins and instant alerts. Overall, CHINA FUTURES emphasizes secure trading with efficient tools for market search and order execution.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Alipay | Instant | No platform fee, 1% third-party charge | Min 100 CNY, Max 50,000 CNY/day | CNY, USD |
| WeChat Pay | Instant | No platform fee, 1% third-party charge | Min 100 CNY, Max 50,000 CNY/day | CNY, USD |
| Bank Transfer (Local) | 1-2 business days | No platform fee | Min 500 CNY, Max 200,000 CNY/day | CNY, USD |
| International Wire Transfer | 3-5 business days | 1% platform fee, waived for accounts > $10,000 | Min 1,000 CNY, Max 1,000,000 CNY | CNY, USD |
Minimum Deposit
The minimum deposit requirement for CHINA FUTURES is 100 CNY for local payment methods such as Alipay and WeChat Pay. For bank transfers, the minimum deposit is 500 CNY. This requirement may vary depending on the payment method selected and the account type.
How to Withdraw
To withdraw funds from your CHINA FUTURES account, follow these steps:
- Log in to your CHINA FUTURES account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method (e.g., Alipay, WeChat Pay, Bank Transfer).
- Enter the amount you wish to withdraw, ensuring it adheres to the limits set by CHINA FUTURES.
- Confirm your withdrawal request and review any applicable fees.
- Submit the request and wait for the processing time as indicated for your chosen payment method.
Customer Support
CHINA FUTURES Customer Support Overview
Support Channels
CHINA FUTURES offers several contact methods to ensure that customers receive the help they need. The main support channels include:
- Email: Inquiries can be sent via email for assistance with account issues or trading queries.
- Live Chat: Customers can engage in real-time conversations with support representatives through the live chat feature on the website.
- Telephone: For immediate assistance, clients can reach out via phone at +0086 021-58302346.
- Social Media: CHINA FUTURES maintains an active presence on social media platforms for updates and customer engagement.
Service Availability
Customer support is available 24/5, allowing clients to get help during the trading week. The support team is multilingual, providing assistance in both English and Chinese to cater to a diverse clientele.
Additional Resources
To enhance the learning experience, CHINA FUTURES offers various educational resources, including video tutorials and webinars. These resources help traders improve their skills and understanding of the forex market.
Customer feedback highlights the effectiveness of CHINA FUTURES’s support services, with many users appreciating the prompt responses and helpful assistance they receive.
Frequently Asked Questions
Yes, CHINA FUTURES is regulated by the China Financial Futures Exchange (CFFEX) and holds a license with the number 0115. This regulatory oversight ensures that the company adheres to strict compliance and operational standards, providing clients with a level of security while trading.
CHINA FUTURES offers a range of trading conditions suitable for various trading strategies. This includes access to both online and offline trading platforms, competitive spreads, and a diverse range of financial instruments. Additionally, clients benefit from advanced market analysis and risk management services.
Client funds at CHINA FUTURES are held in segregated accounts, which means they are kept separate from the company’s operational funds. This practice is in line with regulatory requirements and helps ensure the safety of client deposits. Moreover, the company employs robust security measures to protect client information and transactions.
CHINA FUTURES provides customer support primarily via phone at +0086 021-58302346. Support is available in both English and Chinese. While the company currently does not offer live chat or email support, clients can reach out directly through the phone for assistance with their 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.