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COFCO FUTURES INTL Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.cofcofuturesintl.com/en/index.html, the company's legitimate regulatory information Hong KongSFCDealing in futures contracts, to enhance the security of the company's address Room 1701, COFCO Building, 262 Gloucester Road, Causeway Bay, Hong Kong.

COFCO FUTURES INTL Forex Broker

Basic information

Registered region
Hong Kong
Operating period
--
Company Name
COFCO Futures (International) Co.,Ltd
Abbreviation
COFCO FUTURES INTL
Company employee
--
Customer Service Email Address
cofcoservice@cofco.com
Contact number
+85228330526
Company address
Room 1701, COFCO Building, 262 Gloucester Road, Causeway Bay, Hong Kong
Keywords
5-10 years
Regulated in Hong Kong
Dealing in futures contracts
Suspicious Scope of Business

Company profile

COFCO FUTURES INTL Review Summary in 6 Points Founded 2017 Registered Country/Region Hong Kong Regulation SFC regulated Market Instruments Futures for Agricultural products, Metal, Energy, Stock Index, Interest Rate, Forex Trading Platforms Downloadable trading Apps Customer Support Email, Address, Phone, FAQ, Fax, WeChat official account What is COFCO FUTURES INTL? COFCO FUTURES INTL, a Hong Kong-based financial firm, offers its traders a broad spectrum of market instruments encompassing futures for agriculture, metal, energy, stock index, interest rate, and forex. It currently operates under regulation from by the Securities and Futures Commission of Hong Kong (SFC) with a “Dealing in futures contracts” license, bearing the number BNE728. In the following article, we plan to review and evaluate the characteristics of this financial organization from multiple angles, presenting data in a precise and organized manner. If this information appeals to you, we invite you to keep reading. At the end of the article, we will offer a brief recap encapsulating the standout qualities of the financial firm, enabling you to grasp its salient features quickly. Pros & Cons Pros Cons • SFC regulated • Limited info on deposits/accounts/fee structure • Wide range of trading instruments across multiple asset classes • Reports of scams from its customer • Rich educational resources for traders of all levels • Abundant and accessible customer supports COFCO offers several advantages to its clients. It is regulated by the Securities and Futures Commission of Hong Kong (SFC), providing regulatory oversight and added security for investors. Additionally, the firm offers a wide variety of trading instruments across multiple asset classes, allowing traders to diversify their portfolios. Furthermore, the company has an extensive array of educational resources catering to traders with various levels of experience, contributing tremendously to their trading knowledge. Lastly, it boasts of robust and easily reachable customer support, which enhances the service experience. On the downside, one of the main shortcomings appears to be the limited information available to traders on deposit methods, account types, and their fee structure. This lack of transparency may create hurdles when comparing offerings and making informed decisions. Significantly, there have been 2 reports of scams from its customers which is a serious concern. Despite the company's impressive credentials, these shortcomings must be considered. Hence, potential investors are advised to carry out thorough research before deciding to invest with the firm. Is COFCO FUTURES INTL Safe or Scam? When considering the safety of a financial company like COFCO FUTURES INTL or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a financial company: Regulatory sight: COFCO FUTURES INTL operates with a “Dealing in futures contracts” license, with the license number BNE728, from the Securities and Futures Commission of Hong Kong (SFC). This indicates a favorable regulatory status. Nevertheless, it's important to acknowledge that experience alone doesn't necessarily ascertain absolute security and dependability. User feedback: Two reports about scams on WikiFX could potentially signal a red flag. Before committing to any companyage or investment platform, prospective clients should exercise caution and conduct comprehensive research and due diligence to avoid potential pitfalls or regrettable decisions. Security measures: COFCO FUTURES INTL has implemented a privacy policy, serving as a protective measure to secure user data, thus promoting confidence among its worldwide client base. In the end, the choice to engage in trade with COFCO FUTURES INTL is a deeply personal one. It's crucial to carefully balance the potential risks and advantages before coming to a decision. Market Instruments COFCO FUTURES INTL provides a diverse range of market instruments, catering to various trading preferences. First, they offer agricultural futures, an essential tool for growers, traders, and end-users to manage unpredictable fluctuations in commodity prices. Second, metal futures are provided to cater to those interested in the industrial and precious metal markets, offering opportunities for speculations and hedging. Energy futures are another area of COFCO's expertise, providing traders with tools to speculate or hedge against ever-changing energy costs. Further broadening the array of options, they offer stock index futures, offering traders opportunities around global equity market movements. For investors interested in the credit market's potential, they provide interest rates futures. Lastly, the firm accommodates forex traders, an essential arena for speculating or managing risk in foreign currency exchange rates. With these varied offerings, COFCO FUTURES INTL stands as a versatile player in the futures trading industry. How to Open a COFCO FUTURES INTL Account? Opening an account with COFCO FUTURES INTL involves a simple yet crucial in-person process. Interested parties are advised to visit the company's office located at Flat 1701, COFCO Tower, 262 Gloucester Road, Causeway Bay, Hong Kong. The business operates from Monday to Friday, with operating hours being from 9:00 am until 6:00 pm. During your visit, the experts at COFCO FUTURES INTL will guide you through the account opening process, ensuring you understand every step. This approach provides potential clients with an in-person experience, enabling them to ask on-the-spot questions and resolve any uncertainties they may have about opening an account. Make sure you remember to bring all necessary identification documents with you for a smooth account opening process. Trading Platforms COFCO FUTURES INTL offers a robust trading platform in both desktop and mobile versions. The desktop version allows a full trading experience right at your workstation, broadening your view across various markets while ensuring the speed and agility required in today's fast-paced trading environment. On the other hand, the mobile version is designed for those on the go. It provides the flexibility to manage and monitor trades anywhere and anytime, catering to the need for mobility in the modern world. Both versions are downloadable, enabling users to customize parameters according to their trading preferences. Trading Tools COFCO FUTURES INTL provides an array of valuable trading tools designed to enhance its clients' trading experiences. A key tool is risk management, which is crucial in helping traders reduce their exposure to potential losses. This can entail strategies like setting stop-loss orders to limit losses, diversifying their trading portfolio to spread the risk, and constantly monitoring market trends and changes. Another instrumental tool provided is the holiday calendar. This trading tool lists all national holidays worldwide that could affect asset prices and market liquidity. During these holidays, some financial markets may be closed, and trading volume could be lower than average, leading to potentially volatile market conditions. With the holiday calendar, traders can strategically plan their trading activities. These tools provided by COFCO FUTURES INTL enable traders to make informed decisions, thereby optimizing their trading experience. Deposits & Withdrawals COFCO FUTURES INTL provides clients with straightforward and secure methods for depositing and withdrawing funds. Deposits: Clients are required to transfer funds from a bank account registered with their COFCO account. Importantly, third-party payments are not accepted, ensuring enhanced security. Following the fund transfer, clients are asked to send a copy of the remittance slip so that the transaction can be duly tracked. Clients can forward this either via email at cofcoservice@cofco.com or through the company's WeChat at COFCOSERVICE01. Withdrawals: The process for withdrawals follows a similar safety protocol. Funds are transferred back to the client's registered bank account, and like deposits, third party payments are not allowed. It's crucial to note that the cut-off time for withdrawal instructions is at 3:30 pm, from Monday to Friday. Any instructions after the cut-off time will be processed the following business day. User Exposure on WikiFX The existence of two scam reports on WikiFX should be viewed as a significant red flag. We strongly urge all traders to investigate thoroughly and evaluate all the available information before committing their resources. Aiming to serve as a comprehensive tool, our platform is structured to support traders in making thoroughly informed trading decisions. If you have fallen victim to financial scams or faced similar issues, we invite you to share your experiences on our 'Exposure' section. Your contribution is invaluable. Rest assured that our dedicated team is tenacious in addressing these issues and unwaveringly works towards facilitating effective solutions to such intricate situations. Customer Service COFCO FUTURES INTL offers an array of channels for customer support, ensuring hassle-free communication. Clients can reach the support team through a variety of methods ranging from traditional Email and Phone to more modern approaches such as WeChat official account. Additionally, a physical address is provided for those who prefer direct contact. Address: Room 1701, COFCO Building, 262 Gloucester Road, Causeway Bay, Hong Kong. Tel: +86 400-120-2008(Free for PRC)/+852 28330526 Fax: 852-28330558 Email: cofcoservice@cofco.com An online FAQ section is also available 24/7 for customers to quickly find general information or answers to commonly asked questions. Education COFCO FUTURES INTL provides an array of comprehensive educational resources to clients aiming to augment their knowledge of investment. These resources include marketing reports which offer detailed analysis on various market sectors to ensure clients are informed of the latest in market trends and developments. Furthermore, comprehensive market data is provided, which is an essential component for informed decision making and effective strategy formulation in trading. The platform also incorporates case studies, allowing traders to learn from real world examples, demonstrating the practical application of trading concepts and strategic formulations in real market conditions. These carefully curated educational materials provided by COFCO FUTURES INTL support its users in extending their understanding, equipping them with the tools needed to excel in their investment pursuits via the platform. Conclusion COFCO FUTURES INTL is a Hong Kong-based financial company offering a diverse set of market instruments including Futures for Agricultural products, Metal, Energy, Stock Index, Interest Rates, and Forex to its traders. It is regulated by the Securities and Futures Commission of Hong Kong (SFC), providing a certain degree of reliability and trust. Despite its impressive history and comprehensive range of services, it's prudent to regard the two reported scams associated with the firm as a stern warning. Therefore, potential investors are fervently urged to conduct thorough investigations and engage directly with COFCO FUTURES INTL, to obtain the most recent and accurate information before they settle on any solid investment decisions. It's critical to fully grasp the potential risks and rewards associated with their financial services to make informed decisions. Frequently Asked Questions (FAQs) Q 1: Is COFCO FUTURES INTL regulated? A 1: Yes. It has been verified that this financial company is currently under SFC regulation. Q 2: What kind of trading instruments does COFCO FUTURES INTL offer? A 2: COFCO FUTURES INTL is an Hongkong-based financial company offers Agricultural Commodities, Metals, Energy, Stock Index, Interest Rate, and Foreign Exchange as market instruments to traders. Q 3: Is COFCO FUTURES INTL a good financial company for beginners? A3: Yes. It is a good choice for beginners because its well regulated by SFC. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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Latest Reviews

FX4492025152

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

FX4492025152

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

COFCO FUTURES INTL Forex Broker has an overall rating of 6.93, Regulatory Index 6.54, License Index 6.58, Business Index 7.27, Software Index 5.89 Risk Control Index 9.66.