YINGDA FUTURES Forex Broker
Basic Information
China
5-10 years Regulated in China Futures License Suspicious Scope of BusinessCompany profile
Rating Index
Yingda Futures Broker - Comprehensive Information Guide
1. Company Overview
Yingda Futures Co., Ltd., established in 2018, is a prominent financial services provider based in Beijing, China. The company operates from its headquarters located at the 2nd Floor, British University International Building, No. 18, Main Street, Jianguo Gate, Dongcheng District, Beijing. Yingda Futures is a private entity that primarily serves the Chinese market, with a significant presence in South Korea as well.
Yingda Futures has quickly established itself as a reputable broker in the futures trading landscape. The company is regulated by the China Financial Futures Exchange (CFFEX), which ensures compliance with national regulations and provides a level of security for its clients. The broker's influence is mainly concentrated in China and South Korea, where it has garnered an average influence index of 4.24 and an overall rating of D according to various assessments.
The companys development has been marked by its commitment to providing a variety of futures products and services, including asset management and investment consulting. Yingda Futures operates under the umbrella of Yingda Securities Limited, which is a significant player in the Chinese financial market. This relationship enhances its credibility and operational capabilities, allowing it to leverage a broader range of resources and expertise.
As a Yingda Futures broker, the company focuses on retail futures trading and institutional services, catering to individual traders and larger financial entities alike. The broker‘s business model emphasizes safety and regulatory compliance, ensuring that clients’ interests are prioritized in their trading experience.
2. Regulatory and Compliance Information
Yingda Futures is regulated by the China Financial Futures Exchange (CFFEX), which oversees the operations of futures brokers in China. The company's regulatory license number is 0175, reflecting its adherence to the standards set forth by the CFFEX. This regulatory framework is crucial for maintaining the integrity of the trading environment and protecting investors.
The regulatory license is valid for the scope of futures trading, allowing Yingda Futures to operate within the boundaries defined by the CFFEX. The broker's compliance measures include strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, which are designed to safeguard against fraudulent activities and ensure the legitimacy of client transactions.
Yingda Futures has implemented a customer funds segregation policy, which ensures that client funds are held in separate accounts from the companys operational funds. This practice enhances the security of clients' investments, providing an added layer of protection in the event of financial difficulties faced by the broker.
During the evaluation period, no negative regulatory disclosures have been reported for Yingda Futures, indicating a clean compliance record. This is an essential factor for potential clients when considering the safety and reliability of a broker.
3. Trading Products and Services
Yingda Futures offers a diverse range of trading products tailored to meet the needs of various clients. The broker provides access to numerous forex currency pairs, with a strong emphasis on major pairs that are widely traded in the global market. The exact number of forex pairs available for trading has not been specified, but the broker is known for offering a comprehensive selection.
In addition to forex trading, Yingda Futures also provides Contract for Difference (CFD) products across various categories, including indices, commodities, and stocks. However, it should be noted that cryptocurrency trading is currently not supported by the broker.
The company continuously updates its product offerings, ensuring that clients have access to the latest financial instruments. This commitment to product innovation is vital for maintaining competitiveness in the rapidly evolving financial markets.
For retail clients, Yingda Futures offers user-friendly trading services, while institutional clients benefit from tailored solutions that meet their specific trading requirements. The broker also provides white label solutions for businesses looking to enter the futures trading arena under their brand.
Special Products
Yingda Futures is known for its asset management services, which cater to clients seeking professional management of their investment portfolios. The broker's research center provides macroeconomic analysis, financial insights, and timely news updates, further enhancing the trading experience for its clients.
4. Trading Platforms and Technology
Yingda Futures does not currently support MetaTrader 4 or MetaTrader 5, which are popular trading platforms among forex traders. Instead, the broker offers its proprietary trading platform, designed to meet the specific needs of its clientele.
The trading platform provided by Yingda Futures includes a web-based interface that allows for seamless trading without the need for software installation. Additionally, the broker offers mobile applications compatible with both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.
In terms of execution models, Yingda Futures employs a Market Making approach, which allows the broker to facilitate trades while providing liquidity to the market. This execution model is complemented by robust technical infrastructure, ensuring fast and reliable order execution.
The broker also supports API access, allowing clients to engage in automated trading strategies. This feature is particularly beneficial for institutional clients and professional traders who require advanced trading capabilities.
5. Account Types and Trading Conditions
Yingda Futures offers several account types to cater to different trading needs. The standard account typically requires a minimum deposit, with competitive spreads and commission structures. Specific details regarding the minimum deposit and spreads have not been disclosed in the available information.
For more experienced traders, Yingda Futures provides premium account options, including VIP and professional accounts, which come with enhanced trading conditions and lower fees. The broker also offers Islamic accounts for clients who require Sharia-compliant trading options.
In addition to standard trading accounts, Yingda Futures provides a demo account policy, allowing potential clients to practice trading in a risk-free environment. This feature is beneficial for new traders looking to familiarize themselves with the trading platform and market dynamics.
The broker offers a leverage range that varies depending on the product being traded, with specific details not disclosed. The minimum trade size is also unspecified, but the broker typically accommodates various trading strategies.
Yingda Futures has established a clear policy regarding overnight fees, ensuring transparency for clients who hold positions beyond the trading day.
6. Funds Management
Yingda Futures supports a variety of deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirements may vary based on the account type selected, but specific figures have not been provided.
Deposit processing times are generally prompt, allowing clients to fund their trading accounts quickly. However, details regarding any associated deposit fees have not been specified.
For withdrawals, Yingda Futures offers multiple methods, ensuring that clients can access their funds conveniently. The processing time for withdrawals is typically efficient, although specific timelines have not been disclosed. Withdrawal fees may apply, but detailed information regarding the fee structure is not available.
7. Customer Support and Educational Resources
Yingda Futures provides customer support through various channels, including phone, email, and online chat. The broker's customer service operates during standard business hours, primarily catering to clients in the Chinese time zone.
The support team is multilingual, offering assistance primarily in Simplified Chinese, with additional support potentially available in other languages. Clients can reach out to the support team via the customer service number +86 4000-188-688 or through email at yd_fut@yd_fut.sgcc.com.cn.
Yingda Futures also emphasizes education, offering a range of resources to help clients enhance their trading knowledge. These resources include webinars, tutorials, and e-books. The broker provides market analysis services, including daily updates, news, and research reports, empowering clients to make informed trading decisions.
Additionally, traders can access various trading tools, such as calculators and economic calendars, which further aid in their trading activities.
8. Regional Coverage and Restrictions
Yingda Futures primarily serves clients in China and South Korea, with a focus on providing tailored services to these markets. The broker has established a network of regional offices in various cities, including Shanghai, Qingdao, Dalian, and Chongqing, enhancing its accessibility to clients.
However, there are specific countries and regions from which Yingda Futures does not accept clients. These restrictions are in place to comply with local regulations and ensure a secure trading environment. Detailed information regarding the countries with restrictions has not been provided in the available data.
In summary, Yingda Futures broker stands out in the Chinese financial landscape by offering a robust regulatory framework, diverse product offerings, and a commitment to client education and support. With its focus on safety and compliance, Yingda Futures continues to grow and adapt to the evolving needs of its clients.
随╰☆风
Peru
YINGDA FUTURES is a financial company in China, mainly offering various futures products. It is well regulated, which is the most important factor in my opinion. Safety always comes first. That's why I never take more risks than I can afford.
Positive
2022-11-22