YONGAN FUTURES Forex Broker

Yongan Futures Broker - Complete Information Guide

1. Broker Overview

　　Yongan Futures Co., Ltd., established in September 1992, operates as a prominent futures brokerage firm in China. The company is headquartered in Hangzhou, Zhejiang Province, with its main office located at Huafeng International Business Building, 10th Floor, No. 200 Xinye Road, Jiangan District, Hangzhou, 310005, China. Yongan Futures is a publicly traded company, listed on the Shanghai Stock Exchange under the stock code 600927 since December 23, 2021.

　　The primary market served by Yongan Futures includes individual and institutional clients seeking futures trading solutions. The company has developed a strong reputation in the financial services sector, particularly in commodity futures brokerage, financial futures brokerage, and asset management services. Over the years, Yongan Futures has reached significant milestones, including its initial public offering (IPO), which marked a new chapter in its growth trajectory.

　　Yongan Futures operates as an independent entity but has relationships with various financial institutions and investors. The companys business model emphasizes providing high-quality futures investment trading services, which cater to both retail and institutional clients. This makes Yongan Futures a versatile player in the futures brokerage landscape, enhancing its appeal as a reliable Yongan Futures broker.

2. Regulatory and Compliance Information

　　Yongan Futures operates under the regulatory framework set by the China Securities Regulatory Commission (CSRC). However, it is important to note that the company currently holds no specific regulatory licenses, which raises concerns regarding its operational compliance in various markets.

　　The regulatory status indicates that Yongan Futures does not possess a license number, and its operations may fall under a suspicious scope of business, as highlighted by various reviews. The absence of regulatory oversight can pose potential risks to clients, and it is advisable for prospective traders to exercise caution.

　　In terms of client fund management, Yongan Futures reportedly implements a client funds segregation policy, ensuring that client assets are kept separate from the companys operational funds. However, details regarding participation in investor compensation funds remain unspecified.

　　The company adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are critical for maintaining the integrity of its operations and safeguarding against illicit activities. These measures are designed to protect both the firm and its clients, although specific details about their implementation are not publicly disclosed.

3. Trading Products and Services

　　Yongan Futures offers a diverse range of trading products, primarily focusing on futures contracts. The company provides access to various currency pairs, with a notable selection of major and minor currencies available for trading. The exact number of currency pairs is not specified in the available data.

　　In addition to forex trading, Yongan Futures also offers Contracts for Difference (CFDs) across several asset classes, including:

• Indices
• Commodities
• Stocks
• Cryptocurrencies

　　The company is committed to regularly updating its product offerings, although specific information on the frequency of new product introductions is not provided. Yongan Futures also caters to retail clients, providing tailored trading services that meet the unique needs of individual traders.

　　For institutional clients, Yongan Futures offers specialized services, including white-label solutions and comprehensive asset management services. This flexibility allows the broker to address the diverse requirements of its client base effectively.

4. Trading Platforms and Technology

　　Yongan Futures supports trading on the MetaTrader 4 platform, a widely recognized trading platform in the forex and futures markets. However, there is no mention of support for MetaTrader 5, which may limit trading functionalities for some users.

　　The company also offers a proprietary trading platform designed to enhance user experience. This platform is accessible via web browsers and is optimized for both desktop and mobile devices. The mobile application is available for iOS and Android, enabling traders to manage their accounts and execute trades on the go.

　　Yongan Futures employs an ECN (Electronic Communication Network) execution model, which is aimed at providing clients with direct market access and competitive pricing. The broker's servers are strategically located to ensure low latency and fast execution speeds, although specific details about server locations are not disclosed.

　　Additionally, Yongan Futures supports API access, allowing clients to engage in automated trading. This feature is particularly beneficial for algorithmic traders and those looking to implement trading strategies programmatically.

5. Account Types and Trading Conditions

　　Yongan Futures offers various account types to cater to different trading needs. The standard account conditions include:

• Minimum Deposit: Specific figures are not disclosed.
• Spreads: Variable spreads based on market conditions.
• Commissions: Details regarding commissions are not provided.

　　For advanced traders, Yongan Futures may offer specialized accounts, such as VIP or professional accounts, although specific features and benefits of these accounts are not detailed in the available information.

　　The broker also provides Islamic accounts to accommodate traders who require Sharia-compliant trading conditions. Additionally, corporate accounts are available for businesses looking to engage in futures trading.

　　Yongan Futures offers demo accounts for prospective clients to practice trading without financial risk. The leverage ratios available vary by product, with specific details not outlined in the available data. The minimum trade size is also unspecified, which may vary depending on the asset class.

　　Overnight fees and policies related to holding positions overnight are not explicitly detailed, leaving potential traders to seek clarification directly with the broker.

6. Fund Management

　　Yongan Futures supports a range of deposit methods, including traditional options such as bank transfers, credit cards, and e-wallets. The specific minimum deposit requirements vary based on the account type, but detailed figures are not provided.

　　Processing times for deposits are generally quick, although exact timelines are not specified. As for deposit fees, the available information does not indicate whether Yongan Futures imposes any charges for funding accounts.

　　Withdrawal methods include similar options as deposits, but specific limits on withdrawal amounts and processing times are not disclosed. The broker's fee structure for withdrawals remains unclear, necessitating direct inquiries from clients for detailed information.

7. Customer Support and Educational Resources

　　Yongan Futures provides customer support through multiple channels, including phone, email, and online chat. The company's support services are available during business hours, although specific timeframes and time zone coverage are not provided.

　　The broker offers multilingual support, catering to a diverse clientele. Supported languages are not explicitly listed, which may vary depending on the customer support team.

　　In terms of educational resources, Yongan Futures provides various materials, including webinars, tutorials, and eBooks. Market analysis services are also available, offering clients daily updates, news, and research reports to inform their trading decisions.

　　Traders can access a range of trading tools, including calculators, economic calendars, and signal services, designed to enhance their trading experience and improve decision-making.

8. Regional Coverage and Restrictions

　　Yongan Futures primarily serves clients within China and potentially in select international markets. The company's regional offices are concentrated in major cities, including Hangzhou and Beijing. However, specific details regarding the distribution of regional offices are not provided.

　　Certain countries and regions may be restricted from accessing Yongan Futures' services, although the exact list of prohibited jurisdictions is not disclosed in the available information. Special restrictions may apply based on local regulations and compliance requirements.

　　In summary, Yongan Futures operates as a futures brokerage firm with a comprehensive range of services and products. While the company has established a solid presence in the market, potential clients should consider the regulatory landscape and the associated risks before engaging with the Yongan Futures broker.