Zheshang International
Pros and Cons
Pros
- Regulated by the Hong Kong Securities and Futures Commission (SFC)
- Diverse trading instruments including Forex, stocks, and commodities
- Advanced trading platforms such as MetaTrader 4 and proprietary web-based solutions
- Comprehensive educational resources including webinars and market analysis
- Competitive trading conditions with flexible leverage and low spreads
Cons
- Not regulated in major jurisdictions outside Hong Kong
- Limited trading instruments (mainly futures and securities)
- Outdated trading platforms with limited features
- Lack of educational resources for traders
- High withdrawal fees reported by users
Basic Information
User Reviews
Zheshang International Overview
Zheshang International is a Hong Kong-based forex broker that was established in 2015. Regulated by the Securities and Futures Commission (SFC) of Hong Kong, this broker provides a range of financial services primarily focused on international securities, futures, and asset management. With a commitment to transparency and compliance, Zheshang International operates under license number BGD825, ensuring that it adheres to the regulatory standards set forth by the SFC, enhancing its credibility in the competitive forex market.
Is Zheshang International Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Securities and Futures Commission (SFC) | Hong Kong | Segregated Funds, Investor Compensation Scheme |
Is Zheshang International Regulated and How Are Client Funds Protected?
Zheshang International is regulated by the Securities and Futures Commission (SFC) in Hong Kong. This regulatory oversight provides a level of investor protection through measures such as segregated accounts for client funds, which helps ensure that clients’ funds are kept separate from the broker’s operational funds. Besides, the SFC has an investor compensation scheme that offers additional protection in case of broker insolvency. However, it’s important to note that recent regulatory scrutiny has led to fines imposed on the broker for compliance breaches. Therefore, while Zheshang International is regulated, potential clients should remain aware of these issues and exercise caution when trading.
Trading Products and Services
What trading instruments does Zheshang International offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/CAD | 50+ |
| Commodities | Gold, Silver, Crude Oil | Many |
| Indices | S&P 500, NASDAQ, FTSE 100 | Varies |
| Stocks | Apple, Tesla, BP, Vodafone | 100+ |
| Cryptocurrencies | BTC, ETH, XRP | Many |
Zheshang International provides a diverse range of trading instruments tailored to meet the needs of various traders. With offerings across Forex, commodities, indices, stocks, and cryptocurrencies, traders can access multiple markets, enhancing their investment strategies. For beginners, the availability of major Forex pairs and popular commodities offers a user-friendly entry point, while seasoned traders can explore a broad spectrum of indices and stocks for advanced trading opportunities. This extensive product diversity supports portfolio diversification, allowing traders to adapt their strategies based on market conditions and personal investment goals. By catering to different trading styles, Zheshang International ensures flexibility and adaptability in the ever-evolving financial landscape.
Account Types and Trading Conditions
What Account Types and Fees Does Zheshang International Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposit, user-friendly platform | Ideal for small-capital practice |
| Professional Account | Experienced traders and institutions | Higher leverage, lower spreads | Requires trading volume qualifications |
| Corporate Account | Corporate clients and businesses | Customizable services, multiple trading accounts | Requires corporate documentation and verification |
| Islamic Account | Traders requiring swap-free trading | Complies with Sharia law, no swaps | Available to eligible Muslim traders |
| Demo Account | New and novice traders | Practice trading with virtual funds, risk-free | Available for all users to test strategies |
Account Opening Process
To open an account with Zheshang International, prospective clients will follow a straightforward process that includes:
1. Personal Information Submission: Fill out a registration form providing personal details such as name, address, and contact information.
2. Employment Information: Provide details regarding your employment status, occupation, and income sources.
3. Financial Information: Disclose financial background, including trading experience and intended trading volume.
4. Identity Verification: Submit identification documents such as a government-issued ID and proof of address (e.g., utility bill or bank statement).
5. Account Flexibility: Users can upgrade from a retail to a professional account later if they meet the trading volume requirements.
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 for major currency pairs |
| CFDs (Stocks) | 0.1% | $5 per lot | Varies by stock |
| CFDs (Indices) | 0.5% | $4 per lot | Includes major global indices |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
In addition to trading fees, Zheshang International may charge for the following:
– Deposit/Withdrawal Fees: Fees may apply depending on the payment method used for deposits and withdrawals.
– Inactivity Fees: A fee may be charged if the account remains inactive for an extended period.
– Platform Usage Fees: Certain advanced features or tools may incur additional costs, depending on the account type.
– Overnight Interest (Swap Rates): Applicable for positions held overnight, varies based on market conditions and account type.
– Currency Conversion Fees: Charges may apply for trading in currencies other than the account’s base currency.
Trading Platforms and Apps
What Trading Platforms and Apps Does Zheshang International Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS, iOS, Android | 2FA, multiple order types, price alerts, technical indicators | Demo accounts, API interfaces |
| Web Version | Windows, macOS, iOS, Android | Encryption, symbol lookup, one-click trading | VPS services |
| Mobile App | iOS, Android | Biometric login, push notifications, market search | Demo accounts |
Zheshang International provides a variety of trading platforms to cater to different trader needs. The MT4/MT5 platforms are ideal for advanced traders, offering comprehensive tools and features for market analysis and automated trading. The web version ensures accessibility across devices, allowing traders to manage their accounts seamlessly. The mobile app enhances trading convenience with secure logins and real-time alerts, making it suitable for traders who prefer to operate on the go. Overall, Zheshang International emphasizes secure access, efficient trading execution, and valuable additional services to enhance the trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Alipay | Instant | No platform fee, 2% charge for amounts over $1,000 | Min 100, Max 50,000 CNY | CNY, USD |
| UnionPay | 1–3 days | No fees for VIP accounts over $10,000 | Min 200, Max 20,000 CNY | CNY, HKD |
| SEPA Transfer | 1–2 days | No platform fee, 0.5% fee for amounts over €10,000 | Min 50, Max 10,000 EUR | EUR, USD |
| PayPal | Instant | 1.5% fee on deposits | Min 20, Max 5,000 USD | USD |
| SWIFT Transfer | 3–5 days | Flat fee of $30 for international transfers | Min 500, Max 50,000 USD | USD, GBP |
Minimum Deposit
Zheshang International requires a minimum deposit of $100 for standard accounts. This amount may vary depending on the payment method selected, with some methods allowing a minimum deposit as low as $20. Additionally, regional variations may apply based on local regulations and currency.
How to Withdraw
To withdraw funds from your Zheshang International account, follow these steps:
- Log in to your Zheshang International account.
- Navigate to the “Withdraw” 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 minimum and maximum limits.
- Confirm your transaction details and submit the withdrawal request.
- You will receive a confirmation email once your request is processed.
Customer Support
Zheshang International Customer Support Overview
Support Channels
Zheshang International offers multiple contact methods to ensure customers receive timely assistance. You can reach out via:
- Email: For inquiries, customers can send an email to cs@cnzsqh.hk, where support staff will respond promptly.
- Live Chat: A convenient live chat option is available on their website for immediate help.
- Telephone: Customers can contact support at +852 23672367 for direct assistance.
- Social Media: Zheshang International maintains active social media profiles for updates and customer engagement.
Service Availability
Customer service is available 24/5, ensuring support is accessible during trading hours. Additionally, Zheshang International provides multilingual support in English and Mandarin to cater to a diverse clientele.
Additional Resources
To enhance the trading experience, Zheshang International provides various educational resources, including:
- Video Tutorials: Step-by-step guides on using their trading platforms.
- Webinars: Regularly scheduled sessions covering market analysis and trading strategies.
- Market Analysis: Up-to-date insights to help traders make informed decisions.
- Trading Signals: Tips and alerts on potential trading opportunities.
Overall, Zheshang International is committed to providing excellent customer service and support to assist traders in their financial endeavors.
Frequently Asked Questions
Yes, Zheshang International is regulated by the Securities and Futures Commission (SFC) in Hong Kong, which ensures compliance with local financial regulations and provides a level of security for clients’ investments.
Zheshang International offers multiple trading platforms for international securities and futures, with specific trading fees applicable. Clients should review the trading conditions specific to their account type and chosen platform.
Zheshang International prioritizes fund security by adhering to SFC regulations, which require the segregation of client funds from company funds and regular audits to ensure compliance and safety.
Clients can access customer support via phone at +852 23672367 or through email at cs@cnzsqh.hk. The support team is available to assist with inquiries related to trading, account management, and technical issues.
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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.