CIFCO, officially known as China International Futures Co., Ltd., was established in 2005. The company is headquartered in Hong Kong, specifically at Room 2903, 29/F, Sino Plaza, 255-257 Gloucester Road, Causeway Bay, Hong Kong. CIFCO operates as a private entity providing a range of brokerage services.
CIFCO primarily serves the Hong Kong and Chinese markets, catering to both retail and institutional clients. The company has developed a reputation in the trading community for its commitment to providing quality trading services and has made significant strides since its inception. An important milestone was the establishment of China CIFCO Securities Co., Ltd. in 2015, which expanded its offerings to include securities trading and consulting services.
CIFCO operates under a retail forex model, focusing on futures trading across various asset classes, including commodities and financial instruments. The company has developed its proprietary trading platform, which supports a seamless trading experience for its users. This makes CIFCO a notable player in the forex brokerage industry, particularly in the Asian markets.
CIFCO is regulated by the Securities and Futures Commission (SFC) of Hong Kong, which is a reputable authority overseeing financial services in the region. The regulatory license numbers associated with CIFCO are BEX 660 and ALZ 260, confirming its compliance with local financial regulations.
The SFC regulates CIFCO in dealing with securities and futures contracts, ensuring that the company adheres to strict operational guidelines. The regulatory status of CIFCO is deemed as regulated, which indicates a level of oversight that helps protect investors.
In terms of client funds, CIFCO implements a client funds segregation policy, ensuring that client funds are kept separate from the company's operational funds. This practice is crucial for maintaining financial integrity and safeguarding client assets.
CIFCO also follows Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are essential for preventing fraud and maintaining the integrity of the financial system. These measures require clients to provide identification and verification documentation during the account opening process.
CIFCO offers a diverse range of trading products, primarily focusing on forex currency pairs. The broker provides access to a variety of major, minor, and exotic currency pairs, catering to different trading strategies and preferences.
In addition to forex, CIFCO also offers Contracts for Difference (CFDs) on various asset classes, including:
CIFCO frequently updates its product offerings to meet market demands and enhance its competitive edge. This adaptability allows the broker to introduce new trading instruments as they become relevant.
For retail clients, CIFCO provides comprehensive trading services, including market analysis, trading signals, and educational resources. Institutional clients can benefit from tailored services, including liquidity provision and white-label solutions.
CIFCO utilizes a self-developed trading platform, known as the Yisheng Jixing 9.3 Intelligent Platform. This platform is designed to offer a robust trading experience with features that cater to both novice and experienced traders. The platform supports various functionalities, including advanced charting tools and real-time market data.
While CIFCO does not support popular platforms like MetaTrader 4 or 5, its proprietary platform is customizable and user-friendly. The platform is accessible via both desktop and mobile applications, ensuring traders can manage their accounts and execute trades on the go.
The broker employs an ECN (Electronic Communication Network) execution model, which facilitates direct market access and ensures faster trade execution. This model reduces the potential for slippage and enhances the overall trading experience.
CIFCO's technological infrastructure includes servers located in strategic locations to minimize latency and improve trade execution speeds. The broker also supports API integration, allowing for automated trading strategies and seamless connectivity for algorithmic traders.
CIFCO offers several account types to accommodate different trading needs:
The leverage offered by CIFCO varies by product, with forex leverage reaching up to 1:1000. The minimum trade size starts at 0.01 lots, allowing for flexible trading strategies. Additionally, CIFCO applies overnight fees based on the positions held, which are clearly outlined in their fee structure.
CIFCO supports a variety of deposit methods, including:
The minimum deposit requirement varies by account type, with HKD 10,000 being the standard for new accounts. Deposits are generally processed within 1-3 business days, depending on the method used.
CIFCO does not charge deposit fees; however, clients should be aware of potential fees from their banks or payment processors. For withdrawals, clients can request funds through similar methods, with processing times typically ranging from 1 to 5 business days.
Withdrawal requests must be submitted before the daily cutoff time of 11:00 AM Hong Kong time to be processed on the same day. CIFCO has a clear fee structure for withdrawals, ensuring transparency for clients.
CIFCO provides customer support through multiple channels:
The support team is available during business hours, operating in multiple languages, including Mandarin, Cantonese, and English. This multilingual support ensures that clients from different backgrounds can effectively communicate their needs.
CIFCO also offers a range of educational resources, including:
Additionally, CIFCO provides trading tools such as calculators and economic calendars to assist traders in their market analysis.
CIFCO primarily serves clients in Hong Kong and mainland China, with a focus on local markets. The broker's operational reach is primarily within Asia, but it also caters to international clients interested in trading in Asian financial markets.
While CIFCO aims to expand its client base, it currently does not accept clients from certain jurisdictions, including:
These restrictions are in place due to regulatory compliance and licensing limitations. Prospective clients should verify their eligibility based on their country of residence before applying for an account.
In conclusion, CIFCO presents a comprehensive offering for traders looking to engage in forex and futures trading. With its regulatory backing, diverse product range, and proprietary trading platform, CIFCO stands out as a reputable broker in the competitive financial services landscape. As the market evolves, CIFCO continues to adapt and enhance its services, ensuring it meets the needs of its clients effectively.