CITIC Futures Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.citicsf.com.hk/service/simulation, the company's legitimate regulatory information Hong KongSFCDealing in futures contracts, to enhance the security of the company's address 2312-2316，23/F, CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong.
CITIC Futures Forex Broker
Basic information
Hong Kong
5-10 years Regulated in Hong Kong Dealing in futures contracts Suspicious Scope of BusinessCompany profile
CITIC Futures Information
CITIC Futures is a wholly-owned subsidiary of CITIC Securities Co., Lspan. The company was established on September 8, 2006. The biggest advantages of CITIC Futures include a wide range of futures and derivatives spanading services, a user-friendly trading platform, and competitive margin requirements. However, they don't currently offer online chat or social media support.
Pros and Cons
Is CITIC Futures Legit?
CITIC Futures is regulated by SFC with license number BFL318.
| Regulated country | Regulated Authority | Regulated Entity | License Type | License Number |
| SFC | CITIC Futures International Company Limited | Dealing in futures contracts | BFL318 |
What Can I Trade on CITIC Futures?
CITIC Futures provides a comprehensive range of futures and derivatives trading services, including commodities, indices, and financial products.
| Tradable Instruments | Supported |
| Forex | ❌ |
| Indices | ✔ |
| Shares | ❌ |
| Energies | ❌ |
| Commodities | ✔ |
| ETFs | ❌ |
| Crypto | ❌ |
| Bonds | ❌ |
| Futures | ✔ |
Account Type
The account types provided by CITIC Futures can generally be divided into two types.
Personal accounts are specially designed for individual investors to allow individual transactions.
Institutional accounts are tailor-made for larger institutions such as hedge funds, asset management companies and enterprises.
CITIC Futures provides individual customers with three ways to open an account online by mobile phone, open an on-site account and open an account by mail. Customers can choose the appropriate account opening method according to their own situation.
CITIC Futures Fees
Margin
CITIC Futures offers a variable margin requirement structure that differs every exchange. For further information on margin requirements for certain items, please see the “Margin Requirements for Trading Products” section of the official website (https://www.citicsf.com.hk/service/margin).
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for which type of traders |
| MT4 | ❌ | / | / |
| MT5 | ❌ | / | / |
| EasyTrade platform | ✔ |
| Traders who are looking for a fast and efficient platform with a focus on technology. |
Deposit and Withdrawal
The minimum deposit to start trading with CITIC Futures is $100000.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Bank Transfer (online and offline) | $100000. | 0 |
|
TransferWithdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Bank Transfer (online and offline) | $0 | \ |
|
Customer Service
CITIC Futures provides customer support via a variety of channels, including phone, fax, and domestic toll-free numbers. While they do not now offer online chat or social media support, customers can use their services in both Simplified and Traditional Chinese. Furthermore, CITIC Futures provides crucial tools such as fund deposit & withdrawal guidelines, margin inquiries, software downloads, and a FAQ section to assist customers.
| Contact Options | Details |
| Phone | Contact number (Hong Kong, China): 00852-22863288Fax Number: 00852-22863232Domestic toll-free hotline: 400-666-6698 |
| None | |
| Support Ticket System | None |
| Online Chat | None |
| Social Media | None |
| Supported Language | Simplified Chinese, Traditional Chinese |
| Website Language | Simplified Chinese, Traditional Chinese |
| Physical Address | Room 2312-2316, 23/F, CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong2312-2316，23/F, CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong |
| Fund Deposit & Withdrawal Guidelines | Yes |
| Margin Inquiry | Yes |
| Software Download | Yes |
| FAQ | Yes |
The Bottom Line
CITIC Futures offers a comprehensive range of futures and derivatives products on a user-friendly platform. However, the high minimum deposit of $100,000 makes it a less accessible option for beginners. This platform is likely best suited for experienced traders comfortable with a phone-based support system.
FAQs
Is CITIC Futures a safe broker to use?
Yes, CITIC Futures is regulated by the Securities and Futures Commission (SFC) in Hong Kong, which assures that the broker follows tight financial regulations and investor protection standards.
Is CITIC Futures good for beginners?
No, the high minimum deposit requirement of $100,000 is very unfriendly to beginners. In addition, the lack of online chat or social media support will make it difficult for beginners to get immediate help.
Is CITIC Futures good for day trading?
Yes, they provide a user-friendly trading platform with customizable charts and high-speed execution, which are very suitable for active day trading.
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Latest Reviews
亨達國際金融
Hong Kong
Don't get yourself fooled.
Exposure
2018-09-07
薇+二叭唔叭霖思一6二叭
Hong Kong
Operating platform: CITIC Futures Product: gold, crude oil, Der Dax, HSI, etc. Loss: 300,000 I will simply state my experience: it is very simple, since the stock has been very unsatisfactory before, I want to see if there are other investment products to do.So in this May, a share-holding friend recommended me the CITIC Futures,saying that she has making some money in it,and suggested that I have s try. At that time, she also advised me not to invest with much money (Thinking back,I should listen to her), I contacted the customer service of the platform.Under his guidance, I opened an account without performing any simulation operation,receiving the risk warning and signing a written agreement.He downloaded the trading software for me and then pulled me into a group. I didn’t want to recall that experience. I deposited 150000 RMB to operate,making losses.Person in the group asked me to add fund and earned the losses back.I gradually added 150000 RMB out of hothead.Basically, the losses were serious. Within just half a month, I lost nearly 300000 RMB. At this time, I felt something wrong.I searched the information of their platform,no results.So I questioned the legitimacy of the platform in the group and asked him to show the relevant business license and requested a refund.But the teacher shirked responsibility directly and said that my fund had flowed into foreign markets.
Exposure
2019-08-24