ZHESHANG Forex broker specializes in providing foreign exchange trading services, the company's official website https://cnzsqh.cfmmc.com/, the company's legitimate regulatory information ChinaCFFEXFutures License, to enhance the security of the company's address 浙江省杭州市西湖区天目山路198号财通双冠大厦东楼9-12层.
ZHESHANG Forex Broker
Basic information
China
5-10 years Regulated in China Futures License Suspicious Scope of Business Medium potential riskCompany profile
ZHESHANG is a financial broker registeredin China in 1995. It offers five types of trading instruments and supports trading through multiple platforms. In addition, ZHESHANG operates under legal regulation and strictly complies with legal requirements.
Pros and Cons
| Pros | Cons |
| Multiple platforms support | Lack of detailed info on fees |
| Legal regulation | |
| Multiple trading choices | |
| Long history of operation |
Is ZHESHANG Legit?
ZHESHANG holds a futures license, issued by the China Financial Futures Exchange, with a license number of 0009, which indicates that this broker operates under strict laws.
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number |
| China Financial Futures Exchange (CFFEX) | ZHESHANG Futures | Futures License | 0009 |
What can I trade on ZHESHANG?
ZHESHANG provides multiple financial service, which mainly includes Commodities (agricultural products, industrial products), Shares, Bonds (Macro Treasury Bonds), Futures and options.
| Tradable Instruments | Supported |
| Forex | ❌ |
| Commodities | ✔ |
| Options | ✔ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
| Stocks | ✔ |
| Bonds | ✔ |
| Mutual Funds | ❌ |
| Futures | ✔ |
How to Open an Account on ZHESHANG?
Opening an account in ZHESHANG is fairly complex and you need to follow these steps:
(1) Visit the website and click [Online Account Opening] to enter the online account opening processing page;
(2) Fill in your ID number and graphic verification code, and click [Next]. You will need to enter your mobile phone number to register and log in to obtain a verification code;
(3) Upload your ID card and your handwritten signature;
(4) Complete other details;
(5) Complete the [Investor Risk Assessment Questionnaire];
(6) Choose your prefered Future Exchanges;
(7) Video verification;
(8) Set the digital certificate password and install it;
(9) Sign Agreement;
(10)Completes the [Return Questionnaire];
(11) Click Application Submission.
Trading Platform
ZHESHANG offers various trading platforms based on the products you choose. The platforms includes Zhe Shang APP, Zhe Shang Caixin APP, Hang Seng Online Trading System 5.0 (Fens) version, Bo Yi Master Lightning Hand, Yi Sheng Polaris, Fuyuan Online Quotation System Hang Seng version, Yi Sheng V8 Client, Wenhua WH6 Winshun Trading Software, Yi Sheng V8 Institutional Client, Yi Sheng Polaris 9.3.32 Internal and External Arbitrage Client, and Zhe Shang Futures MC9.1 Client. The client of ET Net, MC9 of Zheshang Futures, and CTP products of Pathfinder Flagship Edition, etc.
Deposit and Withdrawal
ZHESHANG provides different deposit and withdrawal methods.
- Clients who have applied for bank transfer can access their funds through telephone banking, futures trading software, and online banking. The supporting banks include ICBC, ABC, BOC, CCB, SPDB, CITIC, CMB, IBK, CMBC, Everbright, and Ping An Bank.
- Institutional clients and individual clients who haven't applied for bank futures transfers can make deposits by filling out a deposit voucher.
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Latest Reviews
FX2603304482
Hong Kong
I knew this platform accidentally. Though I have never traded before, I did made some money by trading stock with the help of the master. With his promise that I could make profits, even multiple within one week, so I said yes. He urged me to open an account as soon as possible. Having considered overnight, I opened an account and deposited a half of my savings these years, 340000 RMB, into the account. However, with the master’s several guidance,I made huge loss. He tried to comfort me and promised to earn my money back double. But I made a constant losses of 290,000 RMB within a week.The master didn’t give me a reasonable explanation but urged me to add fund to earn my losses back,which made me disilluded totally.Having refused to add more and stopped the trade, I was removed out of the group immediately. I tried to contact the master, got no reply, and was deleted and blacklisted by him later.
Exposure
2020-01-09
LanQ88666
Hong Kong
Key words: ZHESHANG , manaer Li, Teacher Xie, Dream chaser, Teacher Chen, Unable to withdraw, XAU/USD, crude oil and future. At first, a stranger, who pro-claimed as the manager Li from Nine o’clock Finance, told me about the advantages of international future and their professional teachers. I was induced to deposit and the nightmare began. Now I figured out that it is a scam platform.From October 30th, each order given by teacher Xie was wrong. I didn’t want to trade anymore since the loss was overriding profits. The the manager arranged the Dream Chaser for me. At first, I made some profits. The teacher emphasized that we must follow his instruction. During 12 to 13, the teacher told me not to close position or stop loss, resulting in my losses of $15000! All my saving s was gone. My mother is now in the hospital for a heart surgery. I even couldn’t afford the 50000 RMB deposit. I am hopeless. Looking at my mother, I have no idea but to move on. My friend, who is a lawyer, tells that I have encountered with scam. I have called the police, only to get my money back.
Exposure
2020-01-02
往日的回忆
Hong Kong
The platform brags about their teachers and asks clients to buy position largely without setting the stop-loss price.
Exposure
2020-02-22