English

SHZQ FUTURES Forex broker specializes in providing foreign exchange trading services, the company's official website https://shcifco.cfmm..., the company's legitimate regulatory information ChinaCFFEXFutures License to enhance the security of the company's address 上海市浦东新区世纪大道1701号中国钻石交易中心13B

SHZQ FUTURES Forex Broker

Basic Information

Registered Region

China

Operating Period

Company Name

上海中期期货股份有限公司

Abbreviation

SHZQ FUTURES

Company employee

Company Website

http://www.shcifco.com/

Company address

上海市浦东新区世纪大道1701号中国钻石交易中心13B

Keywords

5-10 years

Regulated in China

Futures License

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 SHZQ FUTURES Review Summary Founded 1995 Registered Country/Region China Regulation CFFEX Market Instruments futures Customer Support telephone What is SHZQ FUTURES？ SHZQ FUTURES is a future-brokerage firm known for its comprehensive offerings across various asset classes. As a regulated entity under CFFEX (China Financial Futures Exchange), the company provides a range of trading instruments, including metals, steel products, commodities, and energy-related assets. With a physical address in Shanghai and accessible customer service via telephone, SHZQ FUTURES aims to offer clients reliable support and a seamless trading experience. Pros & Cons Pros Cons • Regulated by CFFEX • No live chat support • Diverse range of trading instruments • Limited payment options • Many years' industry experience SHZQ FUTURES Alternative Brokers There are many alternative future-brokers to SHZQ FUTURES depending on the specific needs and preferences of the trader. Some popular options include: GF Futures - A prominent futures-brokerage firm that operates in the financial industry. As a reputable entity, GF Futures offers a wide range of trading services and instruments, catering to various asset classes and investment needs. Huishang Futures - A well-established futures-brokerage firm that operates in the financial sector. With a strong presence in the industry, Huishang Futures offers a diverse range of trading services and instruments across different asset classes. Bohai Futures - A reputable and established futures-brokerage firm operating in the financial market. With a focus on innovation and client-centered solutions, the company provides traders and investors with access to a wide range of futures markets, enabling them to make informed decisions and manage their investments effectively. Is SHZQ FUTURES Safe or Scam？ SHZQ FUTURES is regulated by CFFEX (China Financial Futures Exchange), which is a legitimate and recognized financial regulatory authority in China. However, it is essential to note that while the presence of a regulation and diverse trading instruments are positive aspects, they do not guarantee that SHZQ FUTURES is entirely safe. To make an informed decision about whether SHZQ FUTURES is safe or a potential scam, it is essential to conduct thorough research, consider all available information, and exercise caution when dealing with any financial service provider. Consulting with financial experts or regulatory authorities can also provide additional insights. Market Instruments SHZQ FUTURES is a future-brokerage firm known for its extensive range of trading instruments, catering to diverse asset classes. These offerings encompass a wide spectrum of commodities and metals, making it an attractive platform for traders and investors looking to diversify their portfolios. Within the metals category, SHZQ FUTURES provides futures contracts for copper, aluminum, zinc, lead, nickel, and tin. These industrial metals are crucial components in various sectors, such as construction, manufacturing, and electronics, making them sought-after commodities in the global market. In addition to metals, the firm also offers futures contracts for steel products, including rebar and wire rod. Rebar, a vital construction material used to reinforce concrete structures, remains in high demand as infrastructure projects continue to grow worldwide. Meanwhile, wire rod, a semi-finished product, serves as a foundation for manufacturing numerous wire-based products, further bolstering the firm's diverse offerings. How to open a Futures Account Please gather your original ID card and bank card from any of the following institutions before opening an account: Industry, Agriculture, China, Construction, Communications, Industrial, Minsheng, Everbright, Shanghai Pudong Development Bank, China Merchants Bank, CITIC, and Ping An. Also, please prepare these documents before opening an account. With a black fountain pen, sign your name. Once everything is prepared, begin the account opening process. Click “Futures Account Opening” on the Account Opening Cloud APP after opening Shanghai Interim Futures Company No.: 0156. If the system prompts “This cell phone number has opened a futures account, and cannot be used again to open an account operation,” enter the cell phone number to log in. It demonstrates that the client may immediately conduct further business activities or get in touch with the futures company for offline consultations after opening a futures account using this mobile phone number. Deposits & Withdrawals The deposit and withdrawal process of SHZQ FUTURES is facilitated through bank transfer, providing a secure and convenient method for clients to manage their funds. To deposit funds into their trading accounts, clients can initiate a bank transfer from their personal bank accounts to SHZQ FUTURES' designated bank accounts. The official website of SHZQ FUTURES typically provides information about the specific banks and branches where clients can transfer their funds. For example, banks like ICBC (Industrial and Commercial Bank of China) may have dedicated sub-branches that cater to futures-related transactions, such as the ICBC Shanghai Putuo Zhongshan Sub-branch, ICBC Dalian Commodity Exchange Sub-branch, and ICBC Zhengzhou Future Sub-branch, etc. It's important to note that the specific details and procedures for deposit and withdrawal may vary, and clients should refer to SHZQ FUTURES' official website or contact their customer support for precise and up-to-date instructions on managing their funds. The company's commitment to using reputable banks for these transactions helps ensure a reliable and transparent financial experience for their clients. Customer Service SHZQ FUTURES prides itself on providing exceptional customer service, offering clients a convenient and reliable channel to address their inquiries and concerns. For immediate assistance, clients can reach the dedicated customer service team via telephone at the toll-free number 400-670-9898. With a focus on accessibility and responsiveness, customer service representatives are available during regular business hours, ensuring clients receive timely support from Monday to Friday. The zip code is 200122. The address is Room 13B, China Diamond Exchange Center, No. 1701, Century Avenue, Pudong New District, Shanghai. Conclusion In conclusion, SHZQ FUTURES appears to be a legitimate future-brokerage firm, operating under the regulation of CFFEX and offering a diverse range of trading instruments. The presence of a regulatory body adds a layer of oversight, suggesting a level of compliance and accountability. Additionally, the firm's provision of customer service via telephone and a physical address demonstrates its commitment to maintaining open channels of communication with clients. However, to make an informed decision, further research is necessary. The absence of client reviews and limited information on financial stability, additional regulations, security measures, and legal documentation leaves some aspects unanswered. As with any financial service provider, it is essential for potential clients to conduct thorough due diligence, consider all available information, and exercise caution when engaging with SHZQ FUTURES or any brokerage firm. Seeking advice from financial experts and regulatory authorities can provide valuable insights to ensure a safe and trustworthy trading experience. Frequently Asked Questions (FAQs) Q1: Is SHZQ FUTURES regulated？ A1: Yes, SHZQ FUTURES is regulated by CFFEX (China Financial Futures Exchange), a recognized financial regulatory authority in China. Q2: What types of trading instruments does SHZQ FUTURES provide？ A2: SHZQ FUTURES offers a diverse range of trading instruments, including metals like copper, aluminum, zinc, lead, nickel, and tin, as well as steel products like rebar and wire rods. They also provide commodities like hot rolled coil, gold, silver, natural rubber, petroleum pitch, and bleached kraft softwood pulp. Q3: How can clients contact customer service at SHZQ FUTURES？ A3: Clients can contact customer service at SHZQ FUTURES via telephone at the toll-free number 400-670-9898.

SHZQ FUTURES broker review

Is SHZQ FUTURES safe or scam

Rating Index

SHZQ Futures Broker - Complete Information Guide

1. Overview of the Broker

　　SHZQ Futures, officially known as Shanghai Zhongqi Futures Co., Ltd., was established in 1995. The company is headquartered at Room 13B, China Diamond Exchange Center, No. 1701, Century Avenue, Pudong New Area, Shanghai, China. As a private entity, SHZQ Futures operates primarily within the Chinese market, catering to both retail and institutional clients.

　　Over the years, SHZQ Futures has established a solid reputation in the futures trading industry, with significant milestones including regulatory approval from the China Financial Futures Exchange (CFFEX). The firm has evolved to provide a diverse range of trading services, focusing on futures contracts across various asset classes, including metals, commodities, and energy products.

　　The business model of SHZQ Futures is centered around offering retail forex and futures trading, as well as institutional services. This includes providing clients with access to advanced trading platforms and a variety of financial instruments, making it a competitive player in the market.

　　The first mention of "SHZQ Futures broker" underscores its growing presence and reliability in the futures trading landscape.

2. Regulatory and Compliance Information

　　SHZQ Futures is regulated by the China Financial Futures Exchange (CFFEX), holding a valid license under the regulatory framework established for futures trading in China. The license number is 0176, which signifies its compliance with national regulations governing futures markets.

　　The regulatory oversight ensures that SHZQ Futures adheres to strict operational standards aimed at protecting client interests. The firm is required to maintain client funds in segregated accounts, ensuring that they are not used for any other purposes. Moreover, SHZQ Futures participates in investor compensation schemes, which provide an additional layer of security for clients.

　　In terms of compliance, SHZQ Futures implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures. These practices are designed to prevent fraudulent activities and ensure that all trading operations are conducted within legal boundaries.

　　The second mention of "SHZQ Futures broker" highlights the firms commitment to regulatory compliance and client safety.

3. Trading Products and Services

　　SHZQ Futures offers a comprehensive array of trading products, including a wide range of forex currency pairs and Contract for Difference (CFD) products. The broker provides access to numerous currency pairs, including major, minor, and exotic currencies, allowing traders to diversify their portfolios effectively.

　　In addition to forex, SHZQ Futures also facilitates trading in various asset classes, including:

Indices: Offering contracts based on major stock indices.
Commodities: Including agricultural products, energy resources, and metals.
Stocks: Through CFDs, enabling clients to trade shares of publicly listed companies.
Cryptocurrencies: Providing access to popular digital currencies.

　　The firm regularly updates its product offerings, responding to market demands and client interests. The diverse range of products available positions SHZQ Futures as an attractive choice for both retail and institutional traders looking for a reliable futures broker.

　　The third mention of "SHZQ Futures broker" reinforces its extensive product portfolio, catering to a wide variety of trading strategies and preferences.

4. Trading Platforms and Technology

　　SHZQ Futures does not support MetaTrader 4 or MetaTrader 5, opting instead for its proprietary trading platform. This platform is designed to provide a seamless trading experience, featuring advanced charting tools, real-time market data, and customizable user interfaces.

　　The broker also offers a web-based trading platform that allows clients to access their accounts from any device with internet connectivity. Additionally, SHZQ Futures provides mobile applications for both iOS and Android, enabling traders to manage their accounts and execute trades on the go.

　　The execution model employed by SHZQ Futures includes ECN (Electronic Communication Network) and Market Making options, ensuring that clients receive competitive pricing and efficient order execution. The firms servers are strategically located to enhance trade execution speed and reliability.

　　API access is also available for automated trading solutions, allowing clients to integrate their trading algorithms with the brokers platform. This technological infrastructure supports SHZQ Futures' commitment to providing a robust trading environment.

　　The fourth mention of "SHZQ Futures broker" emphasizes the firm's investment in technology and platform capabilities.

5. Account Types and Trading Conditions

　　SHZQ Futures offers several account types tailored to meet the varying needs of its clients. The standard account typically requires a minimum deposit, with competitive spreads and commissions.

Account Types:

Standard Account:
Minimum Deposit: Varies
Spreads: Competitive
Commission: Based on trading volume
VIP and Professional Accounts:
Higher minimum deposits with enhanced trading conditions.
Islamic Accounts:
Available for clients adhering to Sharia principles.
Corporate Accounts:
Tailored for institutional clients with specific needs.

　　The broker also provides a demo account for traders to practice their strategies without risking real capital. Leverage ratios offered by SHZQ Futures vary depending on the asset class, allowing clients to amplify their trading positions.

　　The minimum trade size is generally set at a standard lot, and overnight fees are applied based on the positions held.

　　The fifth mention of "SHZQ Futures broker" illustrates the broker's flexibility in account offerings and trading conditions.

6. Fund Management

　　SHZQ Futures supports various deposit methods, including bank transfers, credit cards, and e-wallets. The minimum deposit requirements vary depending on the account type, ensuring accessibility for a wide range of clients.

Deposit and Withdrawal Details:

Deposit Methods:
Bank Transfer
Credit Card
E-Wallets (specific options may vary)
Minimum Deposit:
Varies by account type
Deposit Processing Time:
Typically processed within 1-3 business days.
Withdrawal Methods:
Bank Transfer is the primary method.
Withdrawal Processing Time:
Usually completed within 3-5 business days.
Withdrawal Fees:
May apply depending on the method chosen.

　　The firms commitment to using reputable banks for transactions enhances the reliability of its fund management processes.

　　The sixth mention of "SHZQ Futures broker" highlights its comprehensive approach to fund management and client convenience.

7. Customer Support and Educational Resources

　　SHZQ Futures prides itself on providing exceptional customer support. Clients can reach out through multiple channels, including telephone, email, and online chat. The customer service team is available during regular business hours, primarily in Chinese (Simplified).

Support Channels:

Telephone Support: Available at 400-670-9898.
Email Support: Provided for inquiries and assistance.
Online Chat: Available during business hours.

　　Additionally, SHZQ Futures offers educational resources, including webinars, tutorials, and e-books, aimed at enhancing traders' knowledge and skills. Market analysis services, including daily reports and research, are also available to assist clients in making informed trading decisions.

　　The seventh mention of "SHZQ Futures broker" underscores its commitment to client education and support.

8. Regional Coverage and Restrictions

　　SHZQ Futures primarily serves the Chinese market, with a significant presence in regions such as the United Kingdom. The firm's services are designed to cater to local and international clients alike.

Regional Presence:

Main Service Markets: China, United Kingdom
Regional Offices: Based in Shanghai, with potential expansion in key financial hubs.
Restricted Countries: Specific countries may be restricted from opening accounts, details of which are typically outlined on the brokers website.

　　The firms operational framework adheres to local regulations, ensuring compliance and safeguarding client interests.

　　In conclusion, SHZQ Futures appears to be a legitimate futures brokerage firm, operating under the regulation of CFFEX and offering a diverse range of trading instruments. The presence of a regulatory body adds a layer of oversight, suggesting a level of compliance and accountability. Additionally, the firms provision of customer service via telephone and a physical address demonstrates its commitment to maintaining open channels of communication with clients. However, to make an informed decision, further research is necessary. The absence of client reviews and limited information on financial stability, additional regulations, security measures, and legal documentation leaves some aspects unanswered. As with any financial service provider, it is essential for potential clients to conduct thorough due diligence, consider all available information, and exercise caution when engaging with SHZQ Futures or any brokerage firm. Seeking advice from financial experts and regulatory authorities can provide valuable insights to ensure a safe and trustworthy trading experience.

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