China Fortune Futures, officially known as China Fortune Securities Co., Ltd., was established in March 2001. The company is headquartered in Shenzhen, China, with its main office located at Room 20 C-1, Building 1, China Phoenix Building, Shenzhen, 518035. As a publicly traded company, it operates under the umbrella of China Fortune Co., Ltd. (SH. 600621), controlled by Shanghai Inesa Group.
China Fortune Futures primarily serves the Chinese market, catering to both retail and institutional clients. The company has developed a robust reputation in the financial services sector, offering a variety of services including futures brokerage, investment consulting, asset management, and financing. Over the years, it has achieved significant milestones, including expanding its service offerings and enhancing its trading platforms.
The business model of China Fortune Futures encompasses retail forex trading and institutional services, providing a comprehensive suite of financial products that include futures contracts and other derivatives. As a key player in the Chinese financial markets, the company has positioned itself to leverage the growing interest in futures trading among investors.
China Fortune Futures operates under the oversight of various regulatory bodies, with the China Securities Regulatory Commission (CSRC) being the primary regulator. The company holds no valid regulatory licenses as per current data, which raises potential concerns regarding compliance and investor protection.
The lack of specific regulatory numbers and licenses indicates a need for caution among potential clients. The company is required to adhere to the Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring that it conducts thorough due diligence on its clients to prevent fraudulent activities.
Funds deposited by clients are reportedly kept in segregated accounts, ensuring that client assets are protected and not mixed with the company's operational funds. However, details regarding participation in investor compensation schemes are not available in public records.
China Fortune Futures offers a diverse range of trading products, focusing primarily on foreign exchange (forex) and futures contracts. The broker provides access to a variety of currency pairs, allowing clients to trade major, minor, and exotic currencies.
In addition to forex, the broker offers Contract for Differences (CFDs) across various asset classes, including:
The company continuously updates its product offerings to meet market demand, with new instruments being introduced regularly. Retail trading services are complemented by institutional client services, which include tailored solutions for professional traders and financial institutions.
China Fortune Futures supports the widely used MetaTrader 4 and MetaTrader 5 trading platforms, which are favored for their robust features and user-friendly interfaces. Clients can also access a proprietary web-based trading platform, enhancing flexibility for traders who prefer online access.
The broker provides a mobile application compatible with both iOS and Android, allowing traders to manage their accounts and execute trades on the go. The execution model primarily follows the Market Making approach, which involves the broker acting as the counterparty to trades.
The company's technical infrastructure is designed to ensure reliable execution and minimal latency. Server locations are strategically chosen to optimize performance for clients trading on the platform. Furthermore, API access is available for clients seeking automated trading solutions, enabling algorithmic trading strategies.
China Fortune Futures offers several account types to cater to different trading needs:
The leverage ratios offered can vary by product, with the minimum trade size typically set at standard lots. Overnight fees apply for positions held beyond trading hours, and these costs are clearly outlined in the account terms.
China Fortune Futures supports various funding methods, including bank transfers, credit cards, and e-wallets. The minimum deposit requirements differ by account type, with processing times for deposits generally being prompt.
Withdrawal methods are equally varied, with clients able to request funds through the same methods used for deposits. Processing times for withdrawals can vary, but the broker aims to ensure efficient handling of requests. Withdrawal fees are structured to be competitive, although specific details regarding fees may not be fully disclosed.
China Fortune Futures provides multiple support channels, including phone, email, and online chat services. The support team operates during business hours, ensuring timely assistance for clients.
The broker offers multilingual support, catering to a diverse client base. Educational resources are available, including webinars, tutorials, and e-books, aimed at enhancing traders' knowledge and skills. Market analysis services, such as daily updates and research reports, are also provided to assist clients in making informed trading decisions.
China Fortune Futures primarily serves clients in China, with a focus on the domestic market. The company has regional offices strategically located to provide localized support and services.
However, certain regions may face restrictions, and the broker does not accept clients from countries where regulatory compliance may be challenging. Specific limitations are not detailed in public records, indicating that potential clients should inquire directly for comprehensive information regarding eligibility.
In summary, the China Fortune Futures broker presents itself as a significant player in the Chinese financial markets, offering a range of services and products tailored to the needs of both retail and institutional clients. However, prospective clients should exercise due diligence, particularly concerning regulatory compliance and the protection of their investments.
龙天锋法务先锋
Hong Kong
I was invited into a group chat without notification on May 25, 2020. I was told the group chat was for us to share investment knowledge without charge. There was a teacher who said he worked in Hong Kong before in this group chat, now he retired and wanted to help us. Then he taught us the investment technology in this group chat. Because I lost much in the stock market, I cared about the group messages. After few days, I began trusting him and usually asked him for advice. On June 8, the teacher said if we wanna make our money back, we could invest with him in CHINA FORTUNE FUTURES. We could profit more! Later, he shared the profitable trade of his students in the group chat. I was attracted by the profit and joined CHINA FORTUNE FUTURES. I listened his lessons in his live streaming for several days. After that, I opened an account with the help of an assistant. Once the teacher gave a recommendation, saying we can buy sell orders without stop loss and limit. I trusted him so I did as what he said. After thirty minutes, I found I lost over ¥10,000. I didn’t know what to do. Another thirty minutes passed, I can’t help closing these positions, making a loss of ¥20,000. He asked us whether we had sell orders. So I deposited and bought again reluctantly. However, the live streaming suspended and dismissed. A new one was created. I followed the teacher’s instructions in the next few days, but I still lost and the amount was huge. I made a lose of over ¥300,000 in total. What’s worse, the teacher is out of contact.
Exposure
2020-10-13