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CIFCO Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.cifcohk.c..., the company's legitimate regulatory information Hong KongSFCDealing in futures contracts, Hong KongSFCDealing in securities to enhance the security of the company's address 香港铜锣湾告士打道255-257号信和广场29楼2903室

CIFCO Forex Broker

Basic Information

Registered Region
Hong Kong
Operating Period
--
Company Name
中国国际期货(香港)有限公司
Abbreviation
CIFCO
Company employee
--
Customer Service Email Address
help@cifcohk.com
Contact Number
+85225739868
Company address
香港铜锣湾告士打道255-257号信和广场29楼2903室
QQ
2122879733
Keywords
15-20 years
Regulated in Hong Kong
Dealing in futures contracts
Dealing in securities
Self-developed
Suspicious Scope of Business
Suspicious Overrun
Medium potential risk

Company profile

Aspect Information Registered Country Hong Kong Founded Year 15-20 years ago Company Name China CIFCO Securities Co., Limited Regulation Regulated by Hong Kong Securities and Futures Commission (SFC) Minimum Deposit N/A Maximum Leverage Up to 1:1000 on currencies, varies for other products Spreads N/A Trading Platforms Yisheng Jixing 9.3 Intelligent Platform, Yixing Mobile App Tradable Assets Futures, financial futures, investment funds, etc. Account Types Personal/joint accounts, corporate accounts Customer Support Contact via phone, fax, QQ, and email Payment Methods Various methods including online banking, telephone banking, and bank counters General Information China International Futures Co., Ltd. (CIFCO) was formally established on December 28, 1992. China International Futures (Hong Kong) Company Limited (CIFCO HK) is a wholly-owned subsidiary of CIFCO. In 2015, CIFCO HK established China CIFCO Securities Co., Ltd. to provide customers with securities trading and related consulting services. CIFCO offers a range of products and services, including futures trading across various asset classes, financial futures, investment consultation, asset management, and fund sales. They cater to both personal/joint account holders and corporate clients, with different account options available. The leverage offered by CIFCO varies depending on the product and account type, with varying levels of leverage provided. The company charges various fees and commissions for its services, including transaction fees, stamp duty, trading levy, exchange fees, and other charges related to account maintenance and services. Customers can deposit funds into CIFCO's client account through different methods and must ensure currency matching during deposits. Withdrawal requests have a cutoff time on business days. CIFCO provides two trading platforms, Yisheng Jixing 9.3 Intelligent Platform and Yixing Mobile App, both designed to offer market data and trading capabilities with user-friendly interfaces. Customer support is available through multiple contact options. Pros and Cons CIFCO presents several advantages, including being regulated by the SFC in Hong Kong, offering diverse futures trading options, providing multiple deposit methods, featuring comprehensive high-speed trading platforms, and offering a range of contact options for customer support. However, it also comes with its share of drawbacks, such as exceeding its licensed business scope, imposing numerous fees and charges, not accepting third-party deposits, lacking specific information on products, and not specifying leverage ratios. Pros Cons Regulated by SFC in Hong Kong Exceeded licensed business scope Offers futures trading in various assets Numerous fees and charges Multiple deposit methods available Third-party deposits not accepted Comprehensive and high-speed trading platforms Specific leverage ratios not mentioned Multiple contact options for customer support Lack of specific information on products Is CIFCO Legit? China CIFCO Securities Co., Limited, operating under the license number BEX660, is currently regulated by the Securities and Futures Commission of Hong Kong (SFC) for dealing in securities. Please be aware of the regulatory status and scope of this institution, as it has exceeded its licensed business scope, which may pose certain risks. Business CIFCO HK and CIFCO Securities provide domestic and foreign investors with various types of trading services such as global futures, options, Hong Kong stocks, funds, and derivative warrants. The main business of CIFCO is commodity futures, financial futures, futures investment consulting business and asset management. CIFCO Securities is mainly engaged in securities trading, custody, settlement, agency and margin financing services. FUTURES: CIFCO provides futures trading opportunities across a broad spectrum of asset classes. Examples of these assets include commodities like crude oil and gold, financial instruments like stock index futures (e.g., Hang Seng Index futures), and interest rate futures (e.g., USD/HKD futures). FINANCIAL FUTURES: In addition to standard futures, CIFCO specializes in financial futures, enabling clients to trade derivatives tied to financial products. These may include options and futures contracts on financial instruments such as stock indices (e.g., Hang Seng Index) and currency futures (e.g., USD/HKD). FUTURES INVESTMENT CONSULTATION: CIFCO offers advisory services to clients seeking insights and guidance on their futures investments. Their consultation services cover a wide range of topics, including market analysis, risk management strategies, and portfolio optimization, ensuring clients make informed trading decisions. ASSET MANAGEMENT: CIFCO engages in asset management, helping clients manage their investment portfolios. They may invest in a diverse array of assets, including stocks, bonds, and other financial instruments, tailoring portfolios to meet individual client goals and risk preferences. FUND SALES: CIFCO facilitates access to various investment funds, offering clients opportunities to diversify their portfolios. These funds encompass different asset classes, such as equity funds, fixed-income funds, and mixed-asset funds, allowing clients to choose investments aligned with their financial objectives. Pros Cons Diverse range of futures trading options Lack of specific details on products Specialization in financial futures trading Not mentioned if options are available Offers advisory services for futures investments Limited information on asset management Provides access to various investment funds Tailors portfolios to individual client goals Account Types CIFCO offers two types of account options: personal or joint accounts and corporate accounts. For corporate accounts, clients are required to provide the necessary documents along with the company's official seal during the account opening process. Leverage The amount of leverage offered by CIFCO varies depending on the product and the trader's account type. For example, CIFCO offers up to1:100 leverage on equities, up to 1:50 leverage on bonds, and up to 1:1000 leverage on currencies. Commission For securities trading services, the commission (for placing orders over the phone) is 0.25% of the transaction amount, and the minimum charge for each transaction is HK$/RMB100; the commission (for online orders) is 0.2% of the transaction amount, and the minimum charge for each transaction is HK$/RMB80. Trading Software 易盛极星9.3智能化平台 (Yisheng Jixing 9.3 Intelligent Platform): The Yisheng Jixing 9.3 Intelligent Platform is a comprehensive platform that combines market data and trading capabilities. It is known for its small size, high-speed performance, and robust functionality. This platform covers trading on major international exchanges and offers advanced technical analysis features and various order placement methods. It boasts a interface layout that allows users to customize their trading systems and enables investors to participate in domestic and international derivative markets quickly, securely, and comprehensively. It is suitable for both domestic and international clients, offering easy multi-account access and simple simultaneous operations. 易星软体(手机版) (Yixing Mobile App): Yixing is the next-generation mobile futures software developed by Yisheng Information, integrating market data and trading functions. It sources its international market data from premium providers, ensuring timely and stable information. The user-friendly and streamlined interface offers fast operation. The main menu is categorized for quick access to relevant settings. The installation package is compact and does not consume excessive phone memory. Users can even switch to a night mode to reduce brightness and protect their eyes. The visual interface allows users to easily access the most professional and fastest market information and quotes, enabling faster and more precise trading experiences. This mobile app empowers users to stay ahead in the market and execute trades with speed and accuracy. Pros Cons Comprehensive platform with advanced features No popular trading platforms available, such as MT4 High-speed performance and robust functionality User-friendly mobile app for on-the-go trading Deposit & Withdrawal Deposit: Customers can deposit funds into China CIFCO Securities Co., Limited's client account through various methods, including online banking, telephone banking, or at bank counters, using the same-name bank account as specified in the contract. After completing the transfer, customers are required to provide the bank's confirmation or online banking transfer records via fax (852-22509065) or email (help.sec@cifcohk.com). Customers should also call the customer service hotline (852-3700 1300 or 4001208718) to inform them for timely confirmation of the receipt. It's important to note that deposits must be made by the account holder, and any third-party deposit instructions will be rejected, with customers responsible for associated fees and losses. Additionally, customers should ensure that the deposited currency matches the corresponding bank account. The company is not liable for any exchange losses incurred due to depositing into different currency accounts. Deposit receipts must include transfer amount and currency, sender's name and bank account, recipient's name and bank account, transfer reference (bank transaction number, bank reference number), and transfer date. Withdrawal: Customers can request withdrawals from China CIFCO Securities Co., Limited after confirming the availability of sufficient funds. The cutoff time for withdrawal requests on business days is 11:00 AM, and any withdrawal requests received after this cutoff time will be processed on the following business day. Pros Cons Multiple deposit methods available Third-party deposit instructions rejected Clear instructions for deposit process Exchange losses possible due to currency mismatch Timely processing of withdrawal requests Withdrawal cutoff time on business days Trading Hours The continuous trading hours of Hong Kong stocks are Monday to Friday (except public holidays) 9:30am–12:00pm in the morning and 1:00pm–4:00pm in the afternoon. Customer Support For customer support, China International Futures (Hong Kong) Company Limited can be reached at TEL: (852) 2573 9868 or 4001 200 939, FAX: (852) 2573 9123, QQ: 2122879733, and via email at help@cifcohk.com. China CIFCO Securities Co., Limited's customer support is available at TEL: (852) 2573 9868 or 4001 200 939, FAX: (852) 2573 9123, QQ: 2824453450, and via email at help.sec@cifcohk.com. They are located at 香港铜锣湾告士打道255-257号信和广场29楼2903室 in Hong Kong and provide various contact options for client inquiries and assistance. Conclusion In conclusion, CIFCO offers a range of financial products and services, including futures trading, financial futures, investment consultation, asset management, and fund sales. It provides options for both personal/joint and corporate accounts, offering varying levels of leverage depending on the product and account type. However, clients should be aware of the associated fees and commissions, which can accumulate quickly with numerous charges for transactions, services, and miscellaneous activities. The deposit and withdrawal processes are outlined with specific requirements and cutoff times. CIFCO offers two trading platforms, known for their functionality and accessibility. Customer support is available through various channels. It's worth noting that there are regulatory concerns regarding CIFCO's licensed business scope, potentially posing risks. FAQs Q: Is CIFCO a legitimate company? A: Yes, China CIFCO Securities Co., Limited is a legitimate company regulated by the Securities and Futures Commission of Hong Kong (SFC) for dealing in securities. However, please be aware of its licensed business scope, as it has certain limitations. Q: What types of products and services does CIFCO offer? A: CIFCO provides futures trading opportunities across various asset classes, including commodities, financial instruments, and interest rate futures. They also specialize in financial futures, offer futures investment consultation, asset management, and access to investment funds. Q: What are the account options at CIFCO? A: CIFCO offers two types of account options: personal or joint accounts and corporate accounts. Corporate account applicants need to provide specific documents along with the company's official seal during the account opening process. Q: What is the leverage offered by CIFCO? A: CIFCO offers varying leverage ratios depending on the product and account type. For instance, leverage can go up to 1:100 for equities, 1:50 for bonds, and even up to 1:1000 for currencies. Q: What are the fees and commissions associated with CIFCO? A: CIFCO charges fees and commissions for transactions, including a 0.25% fee per transaction, minimum charges, stamp duty, trading levy, exchange fee, and more. Various charges also apply to services like IPO application and account maintenance. Q: How can I deposit and withdraw funds with CIFCO? A: To deposit, you can use online banking, telephone banking, or bank counters, following specific instructions. For withdrawals, ensure sufficient funds are available, and make requests before the cutoff time on business days.

Rating Index

How to login to CIFCO?
cifco Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a cifco Account Registering for a cifco account is the first step towards accessing their trading services. Follow these detailed steps to successfully complete the

  

CIFCO Forex Broker - Complete Information Guide

  

1. Broker Overview

  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.

  

2. Regulatory and Compliance Information

  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.

  

3. Trading Products and Services

  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:

  • Indices: Access to major global indices.
  • Commodities: Trading options for commodities like gold, oil, and agricultural products.
  • Stocks: CFDs on selected stocks from various markets.
  • Cryptocurrencies: Currently, CIFCO does not support cryptocurrency trading.

  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.

  

4. Trading Platforms and Technology

  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.

  

5. Account Types and Trading Conditions

  CIFCO offers several account types to accommodate different trading needs:

  • Standard Accounts: These accounts typically require a minimum deposit of HKD 10,000 and offer competitive spreads and commissions.
  • VIP and Professional Accounts: For high-volume traders, these accounts come with additional benefits, including lower spreads and higher leverage options.
  • Islamic Accounts: Available for clients who require Sharia-compliant trading conditions.
  • Corporate Accounts: Designed for business entities looking to engage in trading.

  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.

  

6. Funds Management

  CIFCO supports a variety of deposit methods, including:

  • Bank Transfers
  • Credit/Debit Cards
  • E-Wallets

  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.

  

7. Customer Support and Educational Resources

  CIFCO provides customer support through multiple channels:

  • Phone Support: Available at +852 2573 9868.
  • Email Support: Clients can reach out via help@cifcohk.com.
  • Online Chat: Instant messaging support is available during trading hours.

  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:

  • Webinars: Regular online seminars covering various trading topics.
  • Tutorials: Step-by-step guides for using the trading platform.
  • Market Analysis: Daily insights and research reports to help traders make informed decisions.

  Additionally, CIFCO provides trading tools such as calculators and economic calendars to assist traders in their market analysis.

  

8. Regional Coverage and Restrictions

  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:

  • United States
  • Canada
  • Australia

  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.

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CIFCO Forex Broker has an overall rating of 7.59, Regulatory Index 7.27, License Index 7.27, Business Index 9.07, Software Index 6.54 Risk Control Index 8.90.