COFCO FUTURES INTL Forex Broker
Basic Information
Hong Kong
5-10 years Regulated in Hong Kong Dealing in futures contracts Suspicious Scope of BusinessCompany profile
Rating Index
COFCO Futures Intl Forex Broker - Complete Information Guide
1. Broker Overview
COFCO Futures (International) Co., Ltd., commonly referred to as COFCO Futures Intl, was established in 2017. The company is headquartered in Room 1701, COFCO Building, 262 Gloucester Road, Causeway Bay, Hong Kong. As a privately held company, COFCO Futures Intl focuses on providing a wide range of trading services to clients worldwide, particularly in the forex and CFD markets.
The firm has developed a strong reputation in the financial industry, particularly within the derivatives market. Since its inception, COFCO Futures Intl has aimed to offer superior trading services and has achieved significant milestones in its operational journey. The company's parent organization, COFCO Corporation, is a leading state-owned enterprise in China, which enhances the credibility and support for COFCO Futures Intl.
COFCO Futures Intl operates primarily in the retail forex market, catering to individual traders and institutional clients. The company provides a variety of financial instruments, including futures for agricultural products, metals, energy, stock indices, interest rates, and forex. This diverse offering allows traders to manage their investment portfolios effectively and capitalize on various market opportunities.
The first appearance of "COFCO Futures Intl broker" in this overview highlights the firm's commitment to delivering comprehensive trading solutions to its clients.
2. Regulatory and Compliance Information
COFCO Futures Intl operates under the regulation of the Securities and Futures Commission (SFC) of Hong Kong. The company holds a license for dealing in futures contracts, with the regulatory number BNE 728. This license ensures that COFCO Futures Intl adheres to strict regulatory standards, providing clients with a level of security and trust in their trading activities.
The license is valid for the duration of the company's operations, subject to compliance with SFC regulations. As a regulated entity, COFCO Futures Intl is required to maintain client funds in segregated accounts, ensuring that clients' assets are protected in the event of financial difficulties.
COFCO Futures Intl implements comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to ensure compliance with international standards. These measures are designed to prevent fraudulent activities and protect both the firm and its clients.
The second mention of "COFCO Futures Intl broker" emphasizes the importance of regulatory compliance in fostering a secure trading environment.
3. Trading Products and Services
COFCO Futures Intl offers a broad spectrum of trading products that cater to various trading preferences. The broker provides access to a wide range of forex currency pairs, including major, minor, and exotic pairs, allowing traders to engage in diverse trading strategies.
In addition to forex, the firm offers Contract for Difference (CFD) products across several categories:
- Indices: Including major global indices, which provide opportunities for traders to speculate on market movements.
- Commodities: Covering agricultural products, metals, and energy, allowing for diversification in trading strategies.
- Stocks: Providing access to equity markets for traders interested in stock trading.
- Cryptocurrencies: While not explicitly mentioned, the firm may offer access to cryptocurrency trading as part of its evolving product suite.
COFCO Futures Intl is committed to regularly updating its product offerings, ensuring that clients have access to new and relevant trading instruments. The firm also provides retail trading services, catering to individual traders, as well as institutional services for larger clients.
The third instance of "COFCO Futures Intl broker" integrates seamlessly into the discussion of the trading products and services available to clients.
4. Trading Platforms and Technology
COFCO Futures Intl does not support MetaTrader 4 or MetaTrader 5, which are popular trading platforms in the forex industry. Instead, the company offers its proprietary trading platform, which is designed to provide a robust trading experience. This platform includes features such as real-time market data, advanced charting tools, and a user-friendly interface.
In addition to the desktop platform, COFCO Futures Intl provides a mobile trading application compatible with both iOS and Android devices. This mobile application allows traders to monitor their accounts and execute trades on the go, ensuring flexibility and convenience.
The trading execution model used by COFCO Futures Intl includes Electronic Communication Network (ECN) and Straight Through Processing (STP), which facilitate efficient order execution and reduce latency. The company's servers are strategically located to optimize trading performance and minimize downtime.
Furthermore, COFCO Futures Intl offers API access for clients interested in automated trading solutions. This feature allows traders to integrate their trading strategies with the broker's platform, enhancing their trading capabilities.
5. Account Types and Trading Conditions
COFCO Futures Intl provides various account types to cater to the diverse needs of its clients. The standard account typically requires a minimum deposit, offers competitive spreads, and may charge commissions based on trading volume.
For more experienced traders, COFCO Futures Intl offers VIP or professional accounts, which come with enhanced features, including lower spreads and higher leverage options. The broker may also provide Islamic accounts for clients who require Sharia-compliant trading conditions.
A demo account is available for new traders to practice their strategies without risking real capital. This account allows users to familiarize themselves with the trading platform and market conditions before committing to live trading.
Leverage ratios vary by product, providing traders with the ability to amplify their positions. The minimum trade size is typically set to accommodate both novice and experienced traders, allowing for flexible trading strategies.
6. Fund Management
COFCO Futures Intl supports a variety of deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement varies depending on the account type, with specific conditions outlined for each.
Deposits are processed promptly, with most transactions completed within a few business days. The firm does not charge deposit fees, ensuring that clients can fund their accounts without incurring additional costs.
Withdrawals follow a similar protocol, with funds transferred back to the client's registered bank account. Withdrawal requests are processed within a specified timeframe, typically within a few business days, and clients are advised to submit their requests before the cut-off time for same-day processing.
The fourth mention of "COFCO Futures Intl broker" solidifies the discussion around the broker's fund management practices.
7. Customer Support and Educational Resources
COFCO Futures Intl is committed to providing excellent customer support through various channels. Clients can reach the support team via phone, email, online chat, and social media platforms. The firm's customer service operates during business hours, ensuring timely assistance for clients in need.
The company offers multilingual support, catering to a diverse client base. This includes support in English and Chinese, among other languages, to accommodate the needs of international traders.
In terms of educational resources, COFCO Futures Intl provides a range of materials designed to enhance traders' knowledge and skills. These resources include webinars, tutorials, and e-books covering various trading topics. Additionally, the broker offers market analysis services, including daily reports and research, to keep clients informed about market trends and developments.
8. Regional Coverage and Restrictions
COFCO Futures Intl primarily serves clients in Hong Kong and other international markets. The company has established a regional presence, with offices and representatives in key locations to enhance its service offerings.
However, certain countries or regions may be restricted from opening accounts with COFCO Futures Intl due to regulatory compliance and legal limitations. Prospective clients are advised to check the broker's website or contact customer support for specific information regarding their eligibility.
In conclusion, COFCO Futures Intl is a prominent player in the forex and CFD trading industry, offering a comprehensive range of services and products to meet the diverse needs of its clients. With a strong regulatory framework and a commitment to customer support, the broker aims to provide a secure and efficient trading environment for both retail and institutional traders.
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Latest Reviews
FX4492025152
Hong Kong
At the end of April this year, I joined a so-called cast post exchange group. At the time they advertised that stock yields were high, so I believed it. I paid 100,000 yuan for the operation to become a customer. Soon, the customer service staff told me that the stock’s current low return is not good. They suggested that I upgrade my service to COFCO, and the return can reach 30,000 yuan. Later, the account manager said that if I can pay 200,000 yuan, I can become a VIP customer and the income can reach 60%. I said I didn't have that much money, so I paid 100,000 first. Later, the customer service often did not respond. I made all savings lost. The service refused my withdrawal request. The reason is that I have listened to this course. According to this algorithm, I must give them money. Since joining this company, my life has been completely messed up. At the end of May, the company teacher suddenly disappeared and ceased to serve. My refund request was rejected. What makes me even more angry is that they said that my service time has expired and there will be no refunds.
Exposure
2020-08-04
FX4492025152
Hong Kong
Experience of Mr. Liu from Sichuan: In this July, I deposited fund in COFCO and my nightmare began. At first, a salesman added me and pulled me into a group, in which a teacher was guiding members to operate, which was professional. So I added another 300 thousand. Unexpectedly, 400 thousand was gone within 10 days. The salesman comforted me, saying the teacher is under the weather. But he was to go on a vocation. The teacher continued to ask me to add fund.
Exposure
2020-08-10