GUOLIAN FUTURES
Pros and Cons
Pros
- Regulated by CFFEX in China
- Diverse trading products: commodity futures, financial futures, options
- Multiple trading platforms including CTP Main System and GUOLIAN FUTURES APP
- Demo accounts available for practice trading
- Long operating history since 2002
Cons
- No regulation in major financial jurisdictions
- Limited trading instruments (focus on domestic futures only)
- Outdated trading platform options
- High fees for premium services
- Poor user reviews regarding withdrawal issues
Basic Information
User Reviews
GUOLIAN FUTURES Overview
GUOLIAN FUTURES, established in 2002 and headquartered in Wuxi, Jiangsu Province, China, is a regulated forex broker known for its comprehensive range of futures trading services. The broker operates under the oversight of the China Financial Futures Exchange (CFFEX) and holds a valid license, license number 0118, ensuring that it adheres to strict regulatory standards. GUOLIAN FUTURES is recognized for its commitment to providing secure and reliable trading solutions for both novice and institutional investors in the Chinese market, with a strong reputation supported by over 20 branches across the country.
As a forex broker, GUOLIAN FUTURES offers a variety of trading instruments, including commodity and financial futures, as well as options, catering to diverse trading strategies. The broker provides multiple trading platforms, including the CTP Main System and GUOLIAN FUTURES APP, which come equipped with advanced charting tools and simulation trading features. Customer support is available through various channels, including phone and email, ensuring traders receive timely assistance. GUOLIAN FUTURES distinguishes itself with its demo account options for practice, comprehensive business services, and a user-friendly approach, making it a suitable choice for traders looking to engage in the futures market.
Is GUOLIAN FUTURES Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| CFFEX | China | Segregated Funds, Investor Compensation Scheme |
Is GUOLIAN FUTURES Regulated and How Are Client Funds Protected?
Guolian Futures is regulated by the China Financial Futures Exchange (CFFEX), which is a recognized authority overseeing futures trading in China. The broker holds a legal license for futures brokerage and is subject to the supervision of the China Securities Regulatory Commission (CSRC). Client funds are protected through segregation measures, ensuring that they are kept separate from the broker’s operational funds. Additionally, investor compensation schemes are in place to provide further security for clients in the unlikely event of broker insolvency. With over 20 branches and a robust service network throughout China, Guolian Futures has established itself as a trusted and legit broker for domestic futures trading.
Trading Products and Services
What trading instruments does GUOLIAN FUTURES offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Varies |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Many |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Varies |
| Stocks | Apple, Tesla, BP, Vodafone | Many |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Varies |
GUOLIAN FUTURES offers a diverse range of trading tools, encompassing multiple asset categories including Forex, commodities, indices, stocks, and cryptocurrencies. This extensive selection caters to the varying needs of traders, from beginners seeking user-friendly options to seasoned professionals looking for sophisticated instruments. By supporting diverse products, GUOLIAN FUTURES enables users to implement flexible trading strategies and achieve effective portfolio diversification. Whether you are interested in navigating the Forex markets or investing in commodities, the platform provides the necessary resources to enhance your trading experience.
Account Types and Trading Conditions
What Account Types and Fees Does GUOLIAN FUTURES Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginner to intermediate traders | Low spreads, user-friendly platform | Suitable for small-capital practice |
| Professional Account | Experienced traders | High leverage, advanced trading tools | Requires trading volume qualifications |
| Corporate Account | Institutional clients | Customized services, dedicated support | Requires corporate documentation |
| Islamic Account | Traders seeking Sharia-compliant trading | Swap-free trading options | Must provide proof of eligibility |
| Demo Account | All trader levels | Practice trading without risk | No minimum deposit required |
Account Opening Process
Opening an account with GUOLIAN FUTURES is a straightforward process that involves several steps. First, prospective clients must submit personal information, including name, contact details, and employment information. Following this, financial information, such as income sources and trading experience, is required. To comply with regulatory standards, identity verification is mandatory, which involves providing a government-issued ID and proof of address. GUOLIAN FUTURES offers account flexibility, allowing traders to upgrade 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 rates for minors |
| CFDs (Stocks) | 0.1% | $0.5 per lot | Varies by stock choice |
| CFDs (Indices) | 0.5% | $1 per lot | Includes major indices |
| CFDs (Commodities) | 0.3% | $1 per lot | Based on market conditions |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
In addition to trading fees, GUOLIAN FUTURES may charge various other fees. These include deposit and withdrawal fees, which are typically free for bank transfers but may apply for third-party payments. Inactivity fees may be charged if an account remains dormant for an extended period. While platform usage fees are not common, any applicable fees will be clearly outlined. Traders should also be aware of overnight interest (swap rates) on positions held overnight and potential currency conversion fees on transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does GUOLIAN FUTURES Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | 2FA, multiple order types, price alerts, technical indicators | Demo account, API interface |
| Web Version | Any device with a browser | Encryption, symbol lookup, price alerts | VPS services |
| Mobile App | iOS, Android | Biometric login, one-click trading, push notifications | Demo account |
GUOLIAN FUTURES offers a variety of trading platforms tailored to different trader needs. The MT4/MT5 platforms are elaborate tools suitable for more experienced traders, featuring advanced charting tools and automation capabilities. The web version ensures accessibility from any device with internet access, while the mobile app provides traders with convenient trading options and real-time alerts on the go. Each platform emphasizes secure logins and efficient market search tools, ensuring a seamless trading experience.
Overall, GUOLIAN FUTURES supports mobile trading effectively, enabling fast order execution and real-time market alerts. The combination of these platforms ensures traders can operate efficiently, whether at their desks or on their mobile devices.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer (China) | 1-2 business days | No platform fee | Min 100 CNY, Max 50,000 CNY | CNY, USD |
| Alipay (China) | Instant | No platform fee, 2% transaction charge | Min 50 CNY, Max 30,000 CNY/day | CNY |
| GrabPay (Southeast Asia) | Instant | No platform fee | Min 20 MYR, Max 10,000 MYR/day | MYR, USD |
| SEPA Transfer (Europe) | 1-3 business days | No platform fee | Min 100 EUR, Max 25,000 EUR | EUR, USD |
| PayPal (International) | Instant | 1.5% fee on deposits | Min 10 USD, Max 5,000 USD/day | USD, CNY |
Minimum Deposit
The minimum deposit requirement at GUOLIAN FUTURES is 100 CNY for bank transfers and 20 MYR for GrabPay. These amounts may vary depending on the chosen payment method and the account type, with specific conditions applying for regional customers.
How to Withdraw
- Log into your GUOLIAN FUTURES account.
- Navigate to the ‘Withdrawal’ section.
- Select your preferred withdrawal method from the options available.
- Enter the withdrawal amount within the specified limits.
- Confirm your withdrawal request.
- Wait for the processing time as indicated for your chosen method.
Customer Support
GUOLIAN FUTURES Customer Support Overview
Support Channels
GUOLIAN FUTURES offers multiple contact methods to ensure customers receive the help they need efficiently. Customers can reach out via:
- Email: You can send your inquiries to admin@glqh.com, where the customer service team is ready to assist.
- Live Chat: Available on their website for immediate assistance during support hours.
- Telephone: Reach them at 95570 or 400-8888-012 for direct support.
- Social Media: Follow GUOLIAN FUTURES on their social media platforms for updates and quick inquiries.
Service Availability
GUOLIAN FUTURES provides customer support from 9:00 AM to 15:30 PM, Monday to Friday (24/5). They also offer multilingual support, catering to clients in Chinese and English, ensuring that help is available for a diverse clientele.
Additional Resources
To enhance the trading experience, GUOLIAN FUTURES provides various educational resources, including:
- Video tutorials to guide new traders through the platform.
- Webinars covering market trends and trading strategies.
- Regular market analysis to keep clients informed.
- Trading signals to assist clients in making informed decisions.
Frequently Asked Questions
Yes, GUOLIAN FUTURES is regulated by the China Financial Futures Exchange (CFFEX) and holds a futures brokerage license approved by the China Securities Regulatory Commission (CSRC), ensuring compliance with local financial regulations.
GUOLIAN FUTURES offers a variety of trading conditions including access to commodity futures, financial futures, options, and a simulated trading environment. The company provides multiple trading platforms such as CTP Main System, FastQuote, and mobile applications to cater to different trading needs.
Client funds at GUOLIAN FUTURES are secured through regulated banking practices and are typically held in segregated accounts. This ensures that clients’ funds are protected and not used for company operations. Additionally, the company complies with industry standards and regulatory requirements to safeguard client assets.
GUOLIAN FUTURES offers comprehensive customer support through multiple channels, including a customer service hotline, email support, and direct contact via their official website. Their support team is equipped to assist clients with inquiries related to trading, account management, and technical issues.
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.