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BAOCHENG FUTURES Forex broker specializes in providing foreign exchange trading services, the company's official website https://bcqh.cfmmc.c..., the company's legitimate regulatory information ChinaCFFEXFutures License to enhance the security of the company's address 浙江省杭州市求是路8号公元大厦南裙1-101、1-201、1-301、1-501室

BAOCHENG FUTURES Forex Broker

Basic Information

Registered Region
China
Operating Period
--
Company Name
宝城期货有限责任公司
Abbreviation
BAOCHENG FUTURES
Company employee
--
Customer Service Email Address
cs@bcqhgs.com
Company Website
Company address
浙江省杭州市求是路8号公元大厦南裙1-101、1-201、1-301、1-501室
Keywords
5-10 years
Regulated in China
Futures License
Suspicious Scope of Business

Company profile

Company name BAOCHENG FUTURES Registered in China Regulated by Regulated by CFFEX Years of establishment 2-5 years Trading instruments Crude oil, natural gas, metals, agricultural commodities, index futures, currency futures Account Types Standard, mini, micro Minimum Initial Deposit $100 Maximum Leverage 1:100 Minimum Spread 10 pips Trading Platform BAOCHENG FUTURES trading platform:“Baocheng Qihuo Boyi Yun 5.5 Zhuxi Jiaoyi Ban”,“Baocheng Kuaiqi Q72 Zhuxi Ban” and etc. Deposit and Withdrawal Method Credit cards, bank transfers, electronic wallets Customer Service Mobile, wechat, mail, online form Complaint Exposure Some complaints about slow customer support and high fees Overview of BAOCHENG FUTURES BAOCHENG FUTURES is a futures broker that is headquartered in China and regulated by the China Futures Exchange (CFFEX). The broker offers a variety of futures contracts, including crude oil, natural gas, metals, agricultural commodities, index futures, and currency futures. BAOCHENG FUTURES also offers three account types: standard, mini, and micro. The minimum initial deposit for a standard account is $100. The trading platform provided by Baocheng Futures includes “Baocheng Qihuo Boyi Yun 5.5 Zhuxi Jiaoyi Ban” and “Baocheng Kuaiqi Q72 Zhuxi Ban,” among others. The broker has some drawbacks, such as slow customer support and high fees. However, it is a legitimate futures trading broker with a wide variety of contracts and account types. Is BAOCHENG FUTURES legit or a scam? BAOCHENG FUTURES is a legitimate brokerage operating within the regulated environment of the China Financial Futures Exchange (CFFEX). As a licensed futures provider, BAOCHENG FUTURES adheres to the regulatory requirements set by the CFFEX, ensuring compliance with industry standards and guidelines. This regulatory oversight contributes to the legitimacy and credibility of BAOCHENG FUTURES as a trustworthy financial institution. Regulation offers several advantages for traders. Firstly, it promotes fair and transparent markets by preventing fraudulent activities, market manipulation, and insider trading. This creates a level playing field where traders can confidently participate without concerns of unfair practices. Secondly, regulation provides investor protection by setting capital requirements, risk management standards, and client safeguards. Traders who choose a regulated brokerage like BAOCHENG FUTURES benefit from the assurance that their funds are held securely and that the brokerage operates in their best interests. Additionally, regulated firms are often required to segregate client funds, adding an extra layer of protection. Pros and Cons BAOCHENG FUTURES offers a wide variety of futures contracts, providing traders with diverse options to trade. They also provide multiple account types, allowing flexibility for different trading needs. As a regulated platform authorized by the China Futures Exchange (CFFEX) and the China Securities Regulatory Commission (CSRC), BAOCHENG FUTURES ensures compliance and provides a sense of trust and security. The user-friendly trading platform enhances the trading experience, while comprehensive educational resources offered by BCQHT.com equip traders with the knowledge needed to make informed decisions. Some areas of improvement for BAOCHENG FUTURES include the need for faster customer support, as some users have reported delays in receiving assistance. High fees associated with trading activities may increase transaction costs for traders. Additionally, there is a minimum deposit requirement, which may pose a barrier for some individuals who wish to start trading. There have also been complaints about platform performance, indicating the need for potential optimization and enhancements to ensure smooth and efficient trading operations. Pros Cons Wide variety of futures contracts Slow customer support Multiple account types High fees Regulated by CFFEX and CSRC Minimum deposit requirement User-friendly trading platform Complaints about platform performance Comprehensive educational resources Market Instruments BAOCHENG FUTURES provides a diverse range of market instruments for trading. These instruments encompass various futures contracts, such as crude oil, natural gas, metals, agricultural commodities, index futures, and currency futures. The availability of these instruments allows traders to access and participate in different sectors of the market, including energy, metals, agriculture, and financial indices. This broad selection enables traders to diversify their portfolios, hedge against price fluctuations, and capitalize on market opportunities across multiple asset classes. Whether traders are interested in commodities, financial indices, or currency markets, BAOCHENG FUTURES offers a comprehensive suite of market instruments to cater to their trading preferences and strategies. Account Types BAOCHENG FUTURES offers three account types: Standard account: This is the most basic account type. It has no minimum deposit requirement and offers a variety of features, such as margin trading and stop-loss orders. Mini account: This account type is designed for traders who want to trade smaller contracts. It has a lower minimum deposit requirement than the standard account. Micro account: This account type is designed for traders who are new to futures trading. It has a very low minimum deposit requirement and offers a simplified trading platform. How to Open an Account? To open an account with BAOCHENG FUTURES, you can follow these five steps: Visit the BAOCHENG FUTURES website: Go to https://www.bcqhgs.com/ to access the official website of BAOCHENG FUTURES. Locate the account opening section: Look for a dedicated section or tab on the website that provides information about opening an account. It may be labeled as “Account Opening” or something similar. Gather required documents: Prepare the necessary documents for the account opening process. This typically includes identification documents (such as a passport or national ID), proof of address (such as a utility bill or bank statement), and any additional documents specified by BAOCHENG FUTURES. Complete the application form: Fill out the account opening application form provided on the website. Make sure to provide accurate and up-to-date information as requested. Submit the application: Once you have completed the application form and attached the required documents, submit your application to BAOCHENG FUTURES through the designated channel specified on their website. This could involve online submission or sending the documents via email or physical mail, depending on the instructions provided. Leverage BAOCHENG FUTURES offers a maximum leverage of 1:100 to its clients. This leverage ratio allows traders to control a position that is 100 times larger than their initial deposit. In other words, for every unit of capital deposited, traders have the potential to trade with 100 units. This high leverage can amplify both potential profits and losses in trading activities. It is important for traders to exercise caution and manage their risk effectively when utilizing leverage to avoid excessive exposure and potential financial risks. Spreads & Commissions On BAOCHENG FUTURES, it is observed that the spreads and commissions are relatively high. For example, the average spread for crude oil is around 10 pips, indicating a wider price difference between the bid and ask prices. This may result in higher trading costs for traders when executing trades in the crude oil market. Additionally, the commissions charged for a standard contract are approximately $10, which adds to the overall transaction costs incurred by traders. Trading Platform BAOCHENG FUTURES provides a variety of trading platforms, including the “Baocheng Qihuo Boyi Yun 5.5 Zhuxi Jiaoyi Ban,” which offers real-time market data and supports futures and options trading. They also offer the “Baocheng Kuaiqi Q72 Zhuxi Ban” and “Baocheng Kuaiqi Q73 Zhuxi Ban” platforms. A variety of platforms meet the diverse needs of users. Additionally, the “Baocheng CTP Jixing Jiaoyi 9.3” and “Baocheng CTP Jixing Jiaoyi 8.5” platforms provide direct access to domestic futures market data and feature flexible layouts and trading tools. Traders can also utilize the “Yingshun Qihuo Jiaoyi Ruanjian (WH6)” software, supporting futures and options trading with concise and fast operations. Mobile trading applications, such as “Baocheng Zhangyi APP” and “Baocheng Kaihu Jiaoyi APP,” offer convenience for trading on the go. Lastly, the “DCE Caixun Tong” platform serves as a comprehensive derivatives market portal, integrating market data, trading, news, and more. Deposit & Withdrawal BAOCHENG FUTURES provides a range of convenient deposit methods for clients. Traders can choose to fund their accounts using credit cards, bank transfers, or electronic wallets. These options offer flexibility and accessibility, allowing traders to deposit funds using their preferred payment method. The minimum deposit requirement is $100, providing accessibility to a wide range of investors with varying capital sizes. Clients can request withdrawals from their trading accounts using the same deposit methods available, including credit cards, bank transfers, and electronic wallets. The withdrawal process is designed to be straightforward and transparent, allowing traders to access their funds in a timely manner. Customer Support Customer Support at BAOCHENG FUTURES could assist investors and addressing their needs. If you have any comments, suggestions, or learning requirements regarding the investor education base, they encourage you to reach out. BAOCHENG FUTURES values and takes every investor's feedback and suggestions seriously, appreciating your support. You can contact the Investment Education Specialist through WeChat with the ID “DDJ1183.” Alternatively, you can reach the base's official hotline at 400-618-1199 or 0571-87633895. For inquiries via email, you can contact the Education Base Mailbox at bcqht@bcqhgs.com. Educational Resources BAOCHENG FUTURES provides comprehensive educational resources through their dedicated page, (https://www.bcqht.com/). These resources could enhance investors' knowledge and understanding of futures trading. The knowledge center covers topics such as futures basics, market trading rules, and options, providing a solid foundation for beginners. The video lectures, presented by experienced analysts from the Financial Research Institute, offer professional learning courses to guide investors on their futures trading journey. Additionally, the platform incorporates interactive elements like fun quizzes, knowledge tests, and futures-related games to make learning enjoyable while deepening participants' understanding. The educational resources also include specialized topics that address the prevention of illegal securities and futures activities, learning legal regulations, and staying updated on market compliance dynamics, thereby strengthening investors' market awareness. Conclusion BAOCHENG FUTURES is a legitimate futures broker regulated by the China Futures Exchange (CFFEX). It offers a variety of futures contracts and account types, providing traders with access to different sectors of the market. However, the platform has some drawbacks, including slow customer support and high fees. Traders should consider these factors when evaluating whether BAOCHENG FUTURES aligns with their trading needs and preferences. Alternatives with better customer support and lower fees may be worth exploring. FAQs Q: Is BAOCHENG FUTURES a regulated broker? A: Yes, BAOCHENG FUTURES is regulated by the China Futures Exchange (CFFEX). Q: What types of futures contracts does BAOCHENG FUTURES offer? A: BAOCHENG FUTURES offers a wide variety of futures contracts. Q: How is the customer support at BAOCHENG FUTURES? A: Customer support at BAOCHENG FUTURES can be slow at times. Q: Are there any educational resources available for traders? A: Yes, BAOCHENG FUTURES provides comprehensive educational resources for traders. Q: What is the minimum deposit requirement for opening an account? A: The minimum deposit requirement for BAOCHENG FUTURES is $100.

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How to login to BAOCHENG FUTURES?
baocheng futures Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a baocheng futures Account Registering for a baocheng futures account is the first step toward accessing a range of trading services. Below are the detai

  

Baocheng Futures Broker - Complete Information Guide

  

1. Overview of the Broker

  Baocheng Futures, officially known as Baocheng Futures Co., Ltd., was established in 2019. The company is headquartered in Hangzhou City, Zhejiang Province, China, specifically at Room 1-101, North Building, Gong Yuan Building, No. 8 Guze Road. Baocheng Futures operates as a private entity, focusing on providing trading services primarily in the futures market.

  The broker has developed a strong reputation in the financial industry, particularly within China, and aims to serve a diverse clientele that includes both retail and institutional traders. Since its inception, Baocheng Futures has made significant strides in establishing itself in the competitive landscape of futures trading.

  The companys development milestones include obtaining regulatory licenses and expanding its product offerings to include various futures contracts, such as crude oil, natural gas, metals, agricultural commodities, index futures, and currency futures. As a futures broker, Baocheng Futures primarily operates on a retail model while also catering to institutional clients, providing them with tailored trading solutions.

  

2. Regulatory and Compliance Information

  Baocheng Futures is regulated by the China Financial Futures Exchange (CFFEX), which is the primary regulatory body overseeing futures trading in China. The broker holds a valid futures license issued by CFFEX, ensuring compliance with the stringent regulatory standards set forth by the Chinese authorities.

  The regulatory license is effective for a range of futures trading activities, allowing Baocheng Futures to operate within the legal framework established by CFFEX. The company adheres to local laws and regulations, including the requirements for Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance, which are critical for maintaining the integrity of the financial markets.

  Client funds are kept in segregated accounts, providing an extra layer of protection for investors. This ensures that clients' funds are not used for operational expenses and are available for withdrawal at any time. Additionally, Baocheng Futures does not currently participate in any investor compensation schemes, which is an important consideration for potential clients.

  

3. Trading Products and Services

  Baocheng Futures offers a diverse range of trading products, primarily focusing on futures contracts. The broker provides access to a variety of forex currency pairs, with a significant number of major and minor pairs available for trading. In addition to forex, the broker also offers Contracts for Difference (CFDs) across multiple asset classes, including indices, commodities, and cryptocurrencies.

  The specific categories of products available include:

  • Futures Contracts: Crude oil, natural gas, metals, agricultural commodities, index futures, and currency futures.
  • CFDs: Allowing traders to speculate on price movements without owning the underlying asset.

  The broker frequently updates its product offerings, ensuring that clients have access to the latest market instruments. Retail trading services are robust, catering to individual traders' needs, while institutional clients can benefit from customized solutions and dedicated account management services.

  

4. Trading Platform and Technology

  Baocheng Futures does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5), opting instead for proprietary trading platforms designed to meet the needs of its clients. The primary trading platforms include:

  • Baocheng Qi Huo Boyi Yun 5.5: A comprehensive platform offering real-time market data and futures trading capabilities.
  • Baocheng Kuai Qi Q72 and Q73: Additional platforms that cater to various trading styles and preferences.

  The broker also provides a web-based trading platform, ensuring accessibility for traders on different devices. Mobile trading applications are available for both iOS and Android, allowing clients to trade on the go.

  The execution model employed by Baocheng Futures is primarily Market Making, which means the broker acts as the counterparty to trades, facilitating liquidity in the market. The company has invested in advanced technology infrastructure to ensure fast execution speeds and reliable trading experiences.

  

5. Account Types and Trading Conditions

  Baocheng Futures offers several account types to cater to different trading needs, including:

  • Standard Account: Requires a minimum deposit of $100, with competitive spreads and commission structures.
  • Mini and Micro Accounts: Designed for traders who prefer to trade smaller contract sizes, with lower minimum deposit requirements.

  The maximum leverage offered by the broker is 1:100, allowing traders to control larger positions with a smaller capital outlay. The broker's spreads are generally observed to be around 10 pips for major instruments, which may vary based on market conditions.

  For traders seeking to practice their strategies, Baocheng Futures provides a demo account option, allowing users to familiarize themselves with the trading platform without financial risk. The broker's overnight fees and other trading conditions are transparently communicated to clients upon account opening.

  

6. Fund Management

  Baocheng Futures supports various deposit methods, including:

  • Bank Transfers
  • Credit Cards
  • Electronic Wallets

  The minimum deposit requirement is $100, making it accessible for a wide range of investors. Deposits are processed promptly, typically within a few business days, depending on the method chosen.

  Withdrawal options mirror the deposit methods, allowing clients to easily access their funds. The processing time for withdrawals is generally efficient, with most requests being completed within a specified timeframe. However, clients should be aware of any potential fees associated with withdrawals, which may vary based on the chosen method.

  

7. Customer Support and Educational Resources

  Customer support at Baocheng Futures is available through multiple channels, including:

  • Phone
  • Email
  • Online Chat
  • Social Media

  The support team operates during business hours, providing assistance to clients in a timely manner. While the broker aims to offer multilingual support, specific language capabilities may vary.

  Baocheng Futures places a strong emphasis on educating its clients, offering a variety of resources, such as:

  • Webinars
  • Tutorials
  • E-books

  Additionally, the broker provides market analysis services, including daily reports, news updates, and research documents, to help traders make informed decisions. Various trading tools, such as calculators and economic calendars, are also available to enhance the trading experience.

  

8. Regional Coverage and Restrictions

  Baocheng Futures primarily serves clients in China, with a focus on the domestic market. The broker's regional offices are strategically located to support its operations effectively. However, it is important to note that certain countries may be restricted from opening accounts due to regulatory compliance issues.

  The broker adheres to specific legal requirements that may limit its ability to accept clients from certain jurisdictions. Potential clients are encouraged to review the broker's terms and conditions to ensure compliance with local regulations before proceeding with account registration.

  In conclusion, Baocheng Futures is a reputable futures broker regulated by the China Financial Futures Exchange. While it offers a wide variety of trading products and services, potential clients should consider the broker's customer support and fee structure when evaluating whether it aligns with their trading needs.

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Latest Reviews

JdhdhHhsh

JdhdhHhsh

Hong Kong

As a futures exchange, they usually operate in a standardized and strictly regulated manner, with licenses. However, currently they have some minor issues in their business expansion area.

37130

03-20

BAOCHENG FUTURES Forex Broker has an overall rating of 7.87, Regulatory Index 7.83, License Index 7.83, Business Index 7.35, Software Index 7.05 Risk Control Index 9.68.
BAOCHENG FUTURES