HWABAO FUTURES Forex Broker

SFCOReview SummaryFounded1997Registered Country/RegionChinaRegulationRegulated by CFFEXServicesFutures brokerage, Futures trading consulting, Risk managementDemo Account✅Customer SupportPhone: 400-600-6700Fax: 86-10-62685676Address: 9th Floor, Sinosteel International Plaza, No. 8 Haidian Street, Haidian District, Beijing Established in 1997 and registered in China, SFCO is a professional futures company approved by CFFEX to provide futures services to its clients, including futures brokerage, futures trading consulting and risk management. SFCO offers many accounts for designated products as well as simulation (demo) accounts.Pros and ConsProsConsMultiple trading platforms across many devicesLanguage barrier: websites and resources primarily in ChineseRegulated by CFFEXOnly offering services in ChinaAccess to a lot of servicesDemo accounts availableIs SFCO Legit? SFCO is authorised and regulated by China Financial Futures Exchange (CFFEX). The licensed type is Marketing Making (MM) and License No. is 0121.Services SFCO offers Futures brokerage, Futures trading consulting and risk management. Futures brokerage:Futures/options agency trading services Futures trading consulting:Risk management consulting, research and analysis, transaction consulting and other professional services. Risk management: Provide “guaranteed supply and stable price” procurement services for upstream bulk raw materials (iron ore, nickel, aluminum, coking coal, etc.); Provide “price stabilization and guaranteed sales” sales services for downstream finished products (plates, threads, etc.); Provide inventory management, cost management and other services for industrial entities.Account Type SFCO provides account types for retail and institutional investors. Currently, this firm only offers future trading for people in China and at least 18 years old. For retail investors, you need to provide an original ID card and bank card with the same name. On the other hand, corporate investors need to provide more documents, such as the original three-in-one certificates, the official seal of the enterprise, identity certificates of the legal representative, etc.Trading Platform SFCO offers the computer software, simulation software and mobile software. The computer software includes Zhonggang Futures-Boyiyun 5.5.96.1, Zhonggang Futures-Wenhua Yingshun WH6 6.8.151, Zhonggang Futures-Fast Futures V2 2.93.341.1705 and so on. The simulation software includes Zhonggang Futures-Yi Jing Jin Simulationan V4.1.6.2511, Zhonggang Futures-Econsign4.46 20200228.1, Zhonggang Futures-Fast Futures Simulation V2.93 and so on. The mobile software is Zhonggang Futures App 5.7.1.0.SFCO Fees SFCO's transaction fee is based on the exchange fee rate plus twice the standard. Deposit varies depending on market instruments. You can find detailed info in the screenshots below:Customer Support Options If there's something you need to do that you can't manage online or through the mobile app, you can try reaching out to SFCO's customer support. You can contact them by phone (400-700-6700). There is no online chat feature or email contact option.Contact OptionsDetailsPhone400-700-6700Fax86-10-62685676Email❌Support Ticket System❌Online Chat❌Social Media❌Supported LanguageChineseWebsite LanguageChinesePhysical Address9th Floor, Sinosteel International Plaza, No. 8 Haidian Street, Haidian District, BeijingThe Bottom Line Overall, SFCO could be an option for investors who are focused on future trading in China. This firm provides multiple trading platform options. On the other hand, you need to look elsewhere if you prefer a wider selection of investment choices.