CICC Futures Forex Broker
Basic Information
China
5-10 years Regulated in China Futures License Suspicious Scope of BusinessCompany profile
Rating Index
CICC Futures Broker - Complete Information Guide
1. Broker Overview
CICC Futures, officially known as 中金期货有限公司 (China International Capital Corporation Futures Co., Ltd.), was established in 2004 and is headquartered in Beijing, China. The company operates primarily in the financial services sector, providing futures trading and investment services. As a subsidiary of the China International Capital Corporation (CICC), CICC Futures leverages the strong reputation and expertise of its parent company, which is one of the leading investment banks in China.
CICC Futures serves a diverse clientele, including individual retail traders and institutional investors. The broker focuses on the Chinese market, catering specifically to clients interested in trading various futures contracts. Over the years, CICC Futures has achieved significant milestones, including regulatory approvals and the establishment of a robust trading infrastructure.
The business model of CICC Futures is centered around retail forex trading, futures contracts, and asset management services. The company aims to provide its clients with a comprehensive trading experience, supported by advanced technology and professional services.
2. Regulatory and Compliance Information
CICC Futures is regulated by the China Financial Futures Exchange (CFFEX), which ensures that the broker adheres to strict regulatory standards. The regulatory license number for CICC Futures is 0172. The company operates under the regulatory framework established by CFFEX, which includes guidelines for fair trading practices, client fund protection, and operational transparency.
The regulatory environment is designed to protect investors, with client funds held in segregated accounts to ensure their safety. CICC Futures is committed to complying with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which are essential for maintaining the integrity of its operations.
CICC Futures has not reported any negative regulatory disclosures during its operational period, which enhances its credibility in the financial markets.
3. Trading Products and Services
CICC Futures offers a wide range of trading products, primarily focusing on futures contracts across various asset classes. The broker provides access to numerous currency pairs, enabling traders to engage in forex trading. In addition to forex, CICC Futures offers Contract for Difference (CFD) products, including:
- Indices: Major global indices for diversified trading opportunities.
- Commodities: A variety of commodities, including metals and energy products.
- Stocks: Access to stock indices and individual shares.
- Cryptocurrencies: Currently, CICC Futures does not support cryptocurrency trading.
The broker frequently updates its product offerings to meet market demands and enhance its service portfolio. CICC Futures emphasizes retail trading services while also catering to institutional clients, providing tailored solutions to meet their specific needs.
4. Trading Platforms and Technology
CICC Futures does not support MetaTrader 4 or 5, which are widely used trading platforms in the industry. Instead, the broker utilizes proprietary trading platforms, including:
- Boyi Cloud Trading Software: A comprehensive platform for futures, securities, and forex markets, offering real-time data and analytics.
- Jin Shida EC Onsign: A user-friendly platform designed for futures and options trading, featuring advanced tools for technical analysis.
- Polar Star: A high-speed trading software that supports various trading strategies and multi-account management.
The broker also provides mobile trading applications compatible with both iOS and Android, allowing clients to trade on the go. CICC Futures operates under an ECN (Electronic Communication Network) model, ensuring fast execution and reliable order processing.
The technology infrastructure is robust, with servers located strategically to enhance trading performance and minimize latency. CICC Futures also offers API access for automated trading, catering to advanced traders who prefer algorithmic trading strategies.
5. Account Types and Trading Conditions
CICC Futures provides a variety of account types to accommodate different trading preferences and strategies. The standard account conditions are as follows:
- Minimum Deposit: Varies depending on the account type.
- Spreads: Competitive spreads are offered, but specific details are not publicly disclosed.
- Commissions: May apply based on the trading volume and account type.
In addition to standard accounts, CICC Futures offers advanced account types, including VIP accounts for high-net-worth individuals and professional accounts for institutional clients. The broker also provides demo accounts for traders to practice their strategies without financial risk.
Leverage ratios vary across different products, allowing traders to amplify their positions. The minimum trading lot size is clearly defined, ensuring that all clients can engage in trading activities that align with their investment strategies. Overnight fees are applied based on the positions held, and specific details can be provided upon inquiry.
6. Fund Management
CICC Futures supports various deposit methods, including:
- Bank Transfers
- Credit Cards
- Electronic Wallets
The minimum deposit requirements differ based on account types, ensuring accessibility for a broad range of traders. Deposit processing times are generally swift, with funds typically credited within one business day.
Withdrawal methods are similar to deposit options, with specific limits and processing times. For larger withdrawals exceeding certain thresholds, clients must make prior arrangements with the broker. CICC Futures aims to process withdrawals efficiently, ensuring that clients have timely access to their funds.
The fee structure for deposits and withdrawals is transparent, with no hidden charges, promoting a fair trading environment.
7. Customer Support and Educational Resources
CICC Futures offers robust customer support through multiple channels, including:
- Phone Support
- Email Support
- Online Chat
The support team is available during standard business hours, covering major time zones to assist clients effectively. The broker provides support in Simplified Chinese, catering primarily to the local market.
Educational resources are abundant, including webinars, tutorials, and market analysis reports. These resources aim to enhance clients' understanding of futures trading and equip them with the necessary tools to make informed trading decisions. CICC Futures also offers trading tools, such as calculators and economic calendars, to assist traders in their strategies.
8. Regional Coverage and Restrictions
CICC Futures primarily serves the Chinese market, with its main office located in Beijing and additional offices in Xining. The broker has a strong presence in domestic financial markets, facilitating access to various trading instruments.
However, CICC Futures does have restrictions on certain countries and regions, limiting its services to clients in specific jurisdictions. The broker adheres to regulatory requirements that may restrict access based on local laws and regulations.
In conclusion, CICC Futures emerges as a reputable player in the financial industry, backed by the solid foundation of the China International Capital Corporation. With a focus on advanced trading technology, comprehensive educational resources, and a commitment to regulatory compliance, CICC Futures aims to empower both institutional and individual investors in navigating the complexities of the futures market. Whether you are a seasoned trader or just starting, CICC Futures offers a robust platform to support your trading endeavors.
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Latest Reviews
dgsrg
Morocco
I deposited 36,000 for VIP status at CICC Futures, anticipating an immediate withdrawal upon meeting the specified requirement. However, once the deposit reached the threshold, they claimed insufficient cash flow and insisted on an additional 18,000 deposit for withdrawal. This unexpected demand and deviation from the promised terms felt deceptive and left me dissatisfied.
37130
2023-12-20
Hugo Feng
Mexico
CICC Futures is a well-known financial company in China. It offers a variety of financial products such as futures. It is well regulated, which is the most important factor in my opinion. After all, what's the point of having other terms of treatment if you've been scammed out of your money?
Positive
2022-11-22
Amarilys Mejias
Venezuela
Today I want to present my case because yesterday I invested $40 in this app. I was able to withdraw only $20, today I wanted to do the task to withdraw another $20 and it won't let me. It asked me for a recharge of $47 to be able to withdraw, I recharged, the "task" was done and I can't withdraw my money. In total I invested $87 in this app and I only withdrew $20. If you can help me to recover the investment, I would be very grateful. I also leave the images where you can see the link to which one makes the transfer through binance.
Exposure
2024-06-05