CITIC Futures foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.citicsf.com.hk/service/simulation, about the company's legal and temporary regulatory information, 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 Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
CITIC Futures Broker - Comprehensive Information Guide
1. Broker Overview
CITIC Futures, officially known as CITIC Futures Co., Ltd., was established in 2015. The broker is headquartered in Hong Kong, with its main office located at 2312-2316, 23/F, CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong. As a subsidiary of the CITIC Group, a major Chinese state-owned investment company, CITIC Futures operates as a private entity focused on providing a range of trading services primarily in the futures and derivatives markets.
CITIC Futures primarily serves retail clients and institutional investors, offering access to various financial instruments including forex, commodities, and indices. Over the years, the broker has achieved significant milestones, establishing a reputation within the financial community for its commitment to regulatory compliance and customer service. The companys business model encompasses both retail forex trading and institutional services, allowing it to cater to a diverse clientele.
The broker's operational framework is built on a foundation of transparency and customer-centric services, positioning itself as a reliable option for traders seeking access to the financial markets. As the first mention of "CITIC Futures broker" in this guide, it is essential to recognize its role in the broader landscape of financial trading.
2. Regulatory and Compliance Information
CITIC Futures is regulated by the Securities and Futures Commission (SFC) of Hong Kong, holding the license number BFL 318. The brokers regulatory status ensures that it adheres to strict guidelines designed to protect investors and maintain market integrity. The SFC regulates various aspects of the broker's operations, including trading practices and customer fund management.
The regulatory licenses held by CITIC Futures are valid for conducting futures contracts trading, and the broker is committed to maintaining compliance with the SFC's standards. The legal entities operating under CITIC Futures include its Hong Kong branch, which is governed by local laws and regulations.
CITIC Futures implements a robust client fund segregation policy, ensuring that customer funds are kept separate from the companys operational funds. This practice is crucial for safeguarding client assets in the event of financial difficulties. Furthermore, the broker participates in investor compensation schemes, providing an additional layer of security for clients.
The broker adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are vital for maintaining the integrity of its operations and preventing illicit activities. These measures include verifying the identity of clients and monitoring transactions for suspicious activities.
This section marks the second mention of "CITIC Futures broker," emphasizing its commitment to regulatory compliance and customer safety.
3. Trading Products and Services
CITIC Futures offers a diverse array of trading products, with a focus on forex currency pairs and Contract for Difference (CFD) products. The broker provides access to a wide range of currency pairs, including major, minor, and exotic currencies, catering to the needs of various traders.
In addition to forex, CITIC Futures offers CFDs on various asset classes, including:
- Indices: Major global indices providing exposure to stock market performance.
- Commodities: A selection of commodities such as gold, oil, and agricultural products.
- Stocks: CFDs on individual stocks from various markets.
- Cryptocurrencies: Although currently not supported, the broker is exploring opportunities in this burgeoning market.
CITIC Futures frequently updates its product offerings, ensuring that clients have access to the latest trading instruments. The broker provides retail trading services designed for individual investors, as well as specialized services for institutional clients, including liquidity provision and tailored trading solutions.
Additionally, CITIC Futures offers asset management services, allowing investors to benefit from professional management of their investments. This comprehensive suite of products and services positions CITIC Futures as a competitive player in the financial market.
The mention of "CITIC Futures broker" in this section highlights its extensive product range and commitment to meeting client needs.
4. Trading Platforms and Technology
CITIC Futures does not support the widely popular MetaTrader 4 or MetaTrader 5 platforms; instead, it utilizes its proprietary trading platform designed to meet the needs of its clients. The platform is accessible via web browsers, ensuring that traders can manage their accounts from any device with internet access.
For mobile trading, CITIC Futures offers an application compatible with both iOS and Android devices, enabling traders to execute trades and monitor their accounts on the go. The mobile app is designed to provide a seamless trading experience, incorporating essential features such as real-time quotes, charting tools, and market news.
The broker operates on an ECN (Electronic Communication Network) model, facilitating direct market access for its clients. This execution model is known for providing tighter spreads and faster trade execution, which are crucial for active traders.
CITIC Futures has invested in advanced technological infrastructure, with server locations strategically chosen to enhance trade execution speed and reliability. The broker also offers API access, allowing clients to integrate automated trading solutions and algorithms into their trading strategies.
This section serves as the third mention of "CITIC Futures broker," emphasizing its technological capabilities and commitment to providing a robust trading environment.
5. Account Types and Trading Conditions
CITIC Futures offers a standard account type with competitive trading conditions. The typical requirements for the standard account include:
- Minimum Deposit: The broker has a minimum deposit requirement, which is accessible for most retail traders.
- Spreads: CITIC Futures offers tight spreads, particularly on major currency pairs, enhancing trading profitability.
- Commission: The broker operates with a commission-free model for most trades, allowing clients to maximize their returns.
For more advanced traders, CITIC Futures may offer specialized accounts, such as VIP accounts or professional accounts, which come with additional benefits like reduced fees and enhanced trading conditions. The broker also provides Islamic accounts for clients who require Sharia-compliant trading options.
CITIC Futures has a policy for demo accounts, allowing new traders to practice their strategies without risking real capital. The leverage ratios offered by the broker vary depending on the asset class, typically ranging from 1:50 to 1:200, providing flexibility for different trading strategies.
The minimum trade size is also clearly defined, allowing traders to manage their risk effectively. Additionally, the broker has a transparent overnight fee policy, ensuring that clients are aware of any costs associated with holding positions overnight.
The mention of "CITIC Futures broker" in this section reflects its diverse account offerings and commitment to providing favorable trading conditions for its clients.
6. Fund Management
CITIC Futures supports several deposit methods, including:
- Bank Transfers
- Credit/Debit Cards
- E-wallets (specific options may vary)
The minimum deposit requirement varies by account type, ensuring accessibility for all traders. Deposits are typically processed quickly, allowing clients to start trading without significant delays.
Regarding deposit fees, CITIC Futures does not charge fees for deposits made through bank transfers or credit cards, promoting a cost-effective trading environment. However, clients should verify the terms associated with their chosen deposit method.
For withdrawals, CITIC Futures provides a range of options, ensuring that clients can access their funds conveniently. The withdrawal processing time is generally efficient, although it may vary based on the method chosen. The broker's fee structure for withdrawals is transparent, with most methods being free of charge.
This section serves as the fourth mention of "CITIC Futures broker," highlighting its commitment to effective fund management and client convenience.
7. Customer Support and Educational Resources
CITIC Futures offers multiple support channels to assist clients, including:
- Phone Support: Available during business hours.
- Email Support: Clients can reach out for assistance via email.
- Online Chat: Instant messaging support is available on the broker's website.
- Social Media: Engagement through various platforms for updates and inquiries.
The customer support team is available during local business hours, ensuring that clients receive timely assistance. The broker supports multiple languages, primarily focusing on Chinese and English, to accommodate its diverse client base.
In terms of educational resources, CITIC Futures provides a wealth of materials designed to enhance trader knowledge and skills. These resources include:
- Webinars: Regularly scheduled sessions covering various trading topics.
- Tutorials: Step-by-step guides to familiarize clients with the trading platform and market strategies.
- E-books: Comprehensive resources covering trading fundamentals and advanced techniques.
Additionally, the broker offers market analysis services, providing clients with daily insights, news updates, and research reports to inform their trading decisions. Various trading tools, such as calculators and economic calendars, are also available to assist traders in their planning and execution.
This section emphasizes the commitment of "CITIC Futures broker" to providing robust customer support and educational resources to empower its clients.
8. Regional Coverage and Restrictions
CITIC Futures primarily serves clients in Hong Kong and China, leveraging its regulatory framework to provide services in these regions. The broker has established a network of regional offices to enhance its service delivery and client engagement.
However, CITIC Futures does not accept clients from certain countries due to regulatory restrictions, including the United States, Canada, and Australia. These limitations are in place to comply with international regulations and safeguard the interests of both the broker and its clients.
Special restrictions may apply to clients from specific jurisdictions, and potential traders are encouraged to review the broker's policies before opening an account. This ensures that they are aware of any limitations that may affect their trading activities.
In conclusion, this comprehensive guide to "CITIC Futures broker" provides an in-depth look at its operations, regulatory compliance, product offerings, and commitment to client service. As a reputable broker in the financial industry, CITIC Futures continues to evolve and adapt to meet the needs of its diverse clientele.
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亨達國際金融
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Don't get yourself fooled.
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薇+二叭唔叭霖思一6二叭
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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.
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2019-08-24