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NEW CENTURY FUTURES Forex broker specializes in providing foreign exchange trading services, the company's official website https://zjncf.cfmmc...., the company's legitimate regulatory information ChinaCFFEXFutures License to enhance the security of the company's address 杭州市体育场路335号6-8层

NEW CENTURY FUTURES Forex Broker

Basic Information

Registered Region

China

Operating Period

Company Name

浙江新世纪期货有限公司

Abbreviation

NEW CENTURY FUTURES

Company employee

Customer Service Email Address

zjxsjqh@vip.126.com

Company Website

http://www.zjncf.com.cn

Company address

杭州市体育场路335号6-8层

Keywords

5-10 years

Regulated in China

Futures License

Self-developed

Suspicious Scope of Business

Company profile

Risk Warning Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks. General Information NEW CENTURY FUTURES Review Summary Registered Country/Region China Regulation CFFEX Products CSI 300 Index Futures, SSE 50 Index Futures, CSI 500 Index Futures, 5-Year Treasury Bond Futures, CSI 1000 Stock Index Futures, etc. Trading Platforms New Century Futures Express Chairman + Second Seat v2 (without market chart), New Century Futures Express Chairman + Second Seat v3 (without market chart), Winsun cloud market trading software HD version (wh6), etc. Customer Support hotline, email What is NEW CENTURY FUTURES？ NEW CENTURY FUTURES is a futures exchange that offers a diverse array of trading products, including index futures and bond futures. Notably, it operates under the regulatory oversight of CFFEX (China Financial Futures Exchange), adding a layer of credibility to its operations. Pros & Cons Pros Cons • Regulated by CFFEX (China Financial Futures Exchange) • One report of a scam associated with NEW CENTURY FUTURES • Diverse trading products available • Various trading platforms for clients NEW CENTURY FUTURES Alternative Brokers There are many alternative brokers to NEW CENTURY FUTURES depending on the specific needs and preferences of the trader. Some popular options include: TD Ameritrade - Known for its user-friendly platforms, TD Ameritrade offers a wide selection of futures products, educational resources, and strong customer support. AMP Global - A futures broker with competitive commission rates and access to multiple futures exchanges around the world. QIANHAI FUTURES - Qianhai Futures is a prominent futures brokerage firm based in Qianhai, a special economic zone located in Shenzhen, China. As a comprehensive financial institution, Qianhai Futures specializes in offering futures trading and related services to both institutional and individual clients. Is NEW CENTURY FUTURES Safe or Scam？ On the positive side, the company is regulated by CFFEX (China Financial Futures Exchange, License No.0100), which indicates a level of oversight and adherence to regulatory standards. However, it's important to note that having a regulatory license does not necessarily guarantee the legitimacy or safety of a financial institution. The presence of a reported scam related to NEW CENTURY FUTURES raises significant red flags. While this single report should not be taken as conclusive evidence, it does highlight a potential risk. It is essential to thoroughly research and verify the legitimacy of the company, especially when considering financial transactions or investments. This may involve further investigation into the reported scam, seeking out additional user reviews, and confirming the accuracy of the provided contact details. Products NEW CENTURY FUTURES is a futures exchange offering a diverse range of trading products designed to cater to the evolving needs of investors and traders. Among its notable offerings are CSI 300 Index Futures, providing a platform for participants to speculate on the performance of China's top 300 stocks. Additionally, SSE 50 Index Futures allow traders to engage with the Shanghai Stock Exchange's 50 most prominent stocks. The exchange further extends its product portfolio with CSI 500 Index Futures, providing exposure to a broader spectrum of Chinese equities. Complementing these equity-based instruments, NEW CENTURY FUTURES offers 5-Year Treasury Bond Futures, catering to those seeking to manage interest rate risks. Notably, the inclusion of CSI 1000 Stock Index Futures demonstrates the exchange's commitment to innovation and adaptability, providing traders with opportunities linked to a wider array of stocks. Trading Platforms NEW CENTURY FUTURES provides an array of robust trading platforms tailored to meet the diverse preferences of its clients. Among these options is the New Century Futures Express Chairman + Second Seat v2, a platform renowned for its efficiency and user-friendly interface. This version offers seamless trading experiences without market charts, ideal for those seeking a streamlined approach. Complementing this, the New Century Futures Express Chairman + Second Seat v3 continues the tradition of user-centered design, delivering a refined trading environment without market charts. For traders desiring a more comprehensive experience, the Winsun cloud market trading software HD version (wh6) stands out as a premium choice. This sophisticated platform goes beyond basic trading, providing advanced market charts and analytics for informed decision-making. Its high-definition features empower traders to delve deeper into market trends, enabling a more comprehensive understanding of trading dynamics. In essence, NEW CENTURY FUTURES' trading platforms are designed to accommodate varying levels of trading sophistication, ensuring accessibility and flexibility for all types of traders, from those seeking simplicity to those demanding in-depth analysis. Deposits & Withdrawals At present, the company mainly adopts the bank-futures transfer method to deposit and withdraw funds, and adopts the manual deposit and withdrawal method for customers who have not handled the bank-futures transfer in time. Customers may deposit and withdraw money extremely easily via the company's trading system interface or internet banking. The default reserve money is 100 yuan, the daily withdrawal limit is 5 million, the single withdrawal limit is 5 million, and the number of single-day withdrawals is 3. Before transferring money, you must phone the company's transaction risk control department (Tel: 0571-85157007) to validate the risk. This is especially important if you need to withdraw funds that have been set aside or if the amount of money taken out by clients holding positions exceeds 70% of the amount that is now in the useable book. The daily withdrawal and transfer time is 09:00-16:00. Customer Service The hotline, accessible at 400-700-2828, serves as a direct and efficient means of communication, allowing clients to address their inquiries, concerns, or technical issues promptly. Additionally, the company's email support at zjxsjqh@vip.126.com provides a convenient alternative for clients who prefer written correspondence. Conclusion In summary, NEW CENTURY FUTURES presents a mixed picture for potential investors and traders. While it offers a variety of trading products and demonstrates a commitment to customer service, caution is advised due to the reported scam incident. The regulatory oversight by CFFEX is a positive aspect, yet the presence of a reported scam related to NEW CENTURY FUTURES raises significant red flags raises important questions. Anyone considering engagement with NEW CENTURY FUTURES should conduct thorough due diligence, seek additional reviews, and consider consulting financial professionals to make informed decisions and mitigate potential risks. Frequently Asked Questions (FAQs) Q1: Is NEW CENTURY FUTURES regulated？ A1: Yes, NEW CENTURY FUTURES is regulated by CFFEX (China Financial Futures Exchange). Q2: How does NEW CENTURY FUTURES facilitate fund deposits and withdrawals？ A2: NEW CENTURY FUTURES primarily employs the bank-futures transfer method for fund deposits and withdrawals. Clients who have not performed bank-futures transfers on time can use the manual deposit and withdrawal process. Q3: What are the customer service options provided by NEW CENTURY FUTURES？ A3: NEW CENTURY FUTURES offers customer service through a hotline (400-700-2828) and email (zjxsjqh@vip.126.com).

NEW CENTURY FUTURES broker review

Is NEW CENTURY FUTURES safe or scam

Rating Index

MX Bitcoin Investment Forex Broker - Comprehensive Information Guide

1. Broker Overview

　　MX Bitcoin Investment, established in 2022, is a brokerage firm that operates in the financial services sector, primarily focusing on forex, cryptocurrencies, indices, and commodities trading. The company claims to be headquartered at 128 High St, Three Holes, PE14 8DU, United Kingdom. However, the legitimacy of this address has been questioned, as it appears to be associated with unregulated operations.

　　The firm operates as a private entity, providing services primarily to retail clients interested in trading various financial instruments. Despite its claims of being registered in the USA and the UK, it has been flagged as an unregulated broker by multiple financial authorities, including the UK's Financial Conduct Authority (FCA). This status raises significant concerns regarding the safety of clients' funds and the overall integrity of the services offered.

　　MX Bitcoin Investment has a business model that includes offering different account types, each with varying minimum deposit requirements and investment plans. The firm promotes itself as a platform for passive investment opportunities, although the specifics of these offerings are not transparently disclosed. The lack of regulation and oversight has led to serious doubts about the firm's operations and business practices.

2. Regulatory and Compliance Information

　　MX Bitcoin Investment is not regulated by any major financial authority. The firm has been blacklisted by the UK FCA, which issued a warning indicating that the broker was providing financial services without proper authorization. This warning was published on October 11, 2022, and can be referenced for further details on the FCA's official website.

　　Due to the absence of regulatory oversight, MX Bitcoin Investment does not have a regulatory license number, and it does not participate in any investor compensation schemes. This lack of regulation means that clients' funds are not protected under any legal framework, making it highly risky to engage with this broker.

　　The firm has not provided any information regarding its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures. This omission is concerning, as proper KYC and AML policies are crucial for ensuring the legitimacy of financial transactions and preventing illicit activities.

3. Trading Products and Services

　　MX Bitcoin Investment offers a range of trading products, including:

Forex Currency Pairs: The broker claims to provide access to a variety of forex pairs, although the specific number of pairs available is not disclosed.
CFD Products: The firm offers Contracts for Difference (CFDs) on indices, commodities, stocks, and cryptocurrencies. However, details about the specific assets available for trading are limited.
Unique Trading Instruments: The broker promotes passive investment plans but lacks transparency regarding the specifics of these offerings.

　　The frequency of product updates and the introduction of new trading instruments are not clearly outlined, which raises concerns about the broker's commitment to providing a dynamic trading environment.

　　MX Bitcoin Investment claims to cater to both retail traders and institutional clients, although the specifics of institutional services are not elaborated. The absence of white-label solutions or asset management services further limits its appeal to a broader market.

4. Trading Platform and Technology

　　MX Bitcoin Investment does not appear to support major trading platforms like MetaTrader 4 or MetaTrader 5, which are industry standards. Instead, the broker offers its own proprietary trading platform, details of which are not extensively covered in available sources.

　　The broker's website indicates that it provides a web-based trading platform, but there is no mention of mobile application support for iOS or Android devices. This lack of mobile trading options may deter clients who prefer to trade on-the-go.

　　The execution model employed by MX Bitcoin Investment is unclear, with no specific mention of whether it operates on an ECN, STP, or Market Making basis. Furthermore, information regarding the server locations and technical infrastructure supporting the trading platform is not disclosed, raising questions about the reliability and speed of trade execution.

　　Automated trading through API access is not mentioned, which could limit opportunities for algorithmic traders seeking to leverage technology for trading strategies.

5. Account Types and Trading Conditions

　　MX Bitcoin Investment offers several account types, each with distinct conditions:

Basic Account: Minimum deposit of $200.
Silver Account: Requires a minimum deposit of $2,000.
Diamond Account: Minimum deposit set at $5,000.
VIP Account: Requires a minimum deposit of $10,000.

　　The broker has not provided detailed information about spreads, commissions, or leverage ratios for different account types. The minimum trade size and overnight fees are also unspecified, which complicates potential clients' ability to assess the trading conditions adequately.

　　Moreover, the broker does not mention the availability of demo accounts for prospective traders to practice before committing real funds, which is a common offering among reputable brokers.

6. Fund Management

　　MX Bitcoin Investment supports various deposit methods, including bank transfers, credit cards, and electronic wallets. However, the specifics of minimum deposit requirements vary by account type and are not explicitly stated.

　　The processing time for deposits is not clearly outlined, and there is no information available regarding any deposit fees. Withdrawal methods and limits are similarly vague, with no clear guidance on processing times or fees associated with withdrawals.

　　The lack of transparency regarding the withdrawal process raises concerns about the broker's reliability and the ease with which clients can access their funds.

7. Customer Support and Educational Resources

　　Customer support options for MX Bitcoin Investment include email communication. However, there is no information regarding phone support or live chat options, which are essential for timely client assistance.

　　The broker's service hours and coverage across different time zones are not specified, potentially limiting support for international clients. Additionally, the absence of multi-language support may pose challenges for non-English speaking clients.

　　Educational resources provided by the broker appear to be minimal, with no mention of webinars, tutorials, or e-books. Furthermore, market analysis services, such as daily updates, news, or research reports, are not highlighted, which could disadvantage traders seeking to enhance their market knowledge.

8. Regional Coverage and Restrictions

　　MX Bitcoin Investment primarily targets clients in the United Kingdom and potentially other regions, although specific details about its service markets are not thoroughly outlined. The broker's website does not provide information about regional offices or the geographical distribution of its client base.

　　Notably, the broker does not accept clients from certain jurisdictions, particularly those with stringent regulatory frameworks. The specific countries or regions where client acceptance is restricted are not disclosed, which is a critical consideration for potential clients.

　　In summary, MX Bitcoin Investment is a broker that operates with significant regulatory and operational concerns. The absence of proper oversight, transparency in trading conditions, and limited customer support options raises serious red flags for prospective investors. Engaging with this broker carries considerable risks, and potential clients are advised to conduct thorough research and consider alternative, regulated options for trading.

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