Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information
What is FOSHAN FINANCIAL HOLDINGS？
FOSHAN FINANCIAL HOLDINGS, founded in 1996, is a financial institution regulated by CFFEX. FOSHAN FINANCIAL HOLDINGS offers a comprehensive range of services and account opening services, guiding clients through the necessary documentation, eligibility criteria, and specific procedures that are required. As part of their services, they offer a selection of trading software options for their clients. In terms of financial transactions, FOSHAN FINANCIAL HOLDINGS accepts deposits and withdrawals through various methods.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
FOSHAN FINANCIAL HOLDINGS Alternative Brokers
There are many alternative brokers to FOSHAN FINANCIAL HOLDINGS depending on the specific needs and preferences of the trader. Some popular options include:
CES FUTURES - A leading futures company that offers diversified financial futures products and services, catering to the investment and risk management needs of institutional and individual clients.
HUISHANG FUTURES - A reputable futures brokerage firm in China, providing comprehensive futures brokerage services and risk management solutions to clients.
SANLI FUTURES - A futures company specializing in agricultural futures trading and offering comprehensive risk management solutions for farmers, traders, and investors.
Is FOSHAN FINANCIAL HOLDINGS Safe or Scam？
FOSHAN FINANCIAL HOLDINGS is regulated by China Financial Futures Exchange Co. Ltd. (CFFEX), which is an incorporated exchange specializing in providing trading and clearing services for financial futures, options and other derivatives. It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers. Based on the information available, FOSHAN FINANCIAL HOLDINGS appears to be a reliable and trustworthy broker.
However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.
Market Instruments
FOSHAN FINANCIAL HOLDINGS offers both commodity futures and financial futures brokerage services. Futures contracts are popular trading instrument, commonly traded on regulated exchanges. However, an over-the-counter (OTC) futures contract refers to a futures contract that is privately negotiated between two parties, rather than being traded on an exchange. Commodity futures involve trading contracts based on various commodities such as oil, gold, agricultural products, and more. Financial futures, on the other hand, are contracts based on financial instruments like stocks, bonds, currencies, and interest rates.
Services
FOSHAN FINANCIAL HOLDINGS offers a range of services including commodity futures brokerage, financial futures brokerage, futures investment consulting business and asset management business.
Commodity futures brokerage involves assisting clients in trading commodity futures contracts. This can include commodities such as oil, gold, agricultural products, and more. The company acts as an intermediary between buyers and sellers, providing trading platforms, research, and execution services.
Financial futures brokerage focuses on trading financial futures contracts. These contracts are based on financial instruments such as stocks, bonds, currencies, and interest rates.
Futures investment consulting is another service provided by the company. They offer professional advice and guidance to investors who are interested in trading futures contracts. This can include market analysis, strategy development, and risk assessment to help clients make informed investment decisions.
Additionally, FOSHAN FINANCIAL HOLDINGS is involved in the asset management business. They help clients manage their investments, including funds, portfolios, and other financial assets. The company's asset management services may include investment planning, portfolio diversification, and performance tracking.
Accounts
FOSHAN FINANCIAL HOLDINGS offers the account opening process, including the necessary documentation, eligibility criteria, and any specific procedures that need to be followed. Traders can visit the official website of FOSHAN FINANCIAL HOLDINGS to review the steps and requirements. Here are the details of opening an account.
（1）Open an account for a natural person customer
(2) Account opening for corporate customers
(3) Account-related passwords
The transaction password is the login password when the customer logs in to the trading software; If the customer trading software uses Boyi Cloud Trading Version, the market account number is fsjk, and the password is fsjk;
The fund password is the password used by the customer to open the bank transfer business and make the bank transfer through the transaction software;
The query password of the futures market monitoring center is the password that customers need to enter when logging in to the investor inquiry system of the China Futures Market Monitoring Center, which is used to query settlement data and notifications.
If the customer forgets the password, he can call our customer service hotline 4009300168 or 0757-86296208 to reset the password.
Trading Platforms
FOSHAN FINANCIAL HOLDINGS offers a range of trading software for their clients. The software options you mentioned include:
Boyi Cloud Trading Edition
Kingstar online trading
Wenhua Winshun Cloud Market Trading Software HD version
Flush Futures Connect
Kingstar Point Gold Hand 2.0
Trading Trailblazer Ultimate 64-bit
Pyramid Decision Trading System (CTP)
Fast Trading Terminal V3 version
Fast Trading Terminal V2 version
These trading software options likely provide different functionalities and features to cater to varying needs and preferences of traders. They have different interfaces, tools for market analysis, order execution capabilities, and other trading-related functions. For more detailed information about each trading software and guidance on choosing the most suitable option, traders can the official website of FOSHAN FINANCIAL HOLDINGS or contacting their customer support.
Deposits & Withdrawals
FOSHAN FINANCIAL HOLDINGS accepts deposits and withdrawals via various ways. Here are the details of deposit and withdrawals.
FOSHAN FINANCIAL HOLDINGS offers manual deposit and silver transfer deposit methods for customers to fund their trading accounts. Here are the details regarding these deposit methods:
Customers who choose the manual deposit method can open current accounts or cards in nine local settlement banks, including industry, agriculture, China, construction, communications, industrial industry, CITIC, Minsheng, and China Merchants Bank. After opening the account, customers can transfer funds to FOSHAN FINANCIAL HOLDINGS' margin account through peer transfer.
Customers who opt for the silver transfer deposit method can directly transfer the margin funds through the company's online trading system. This allows for a more convenient and streamlined deposit process.
Important Notes:
(1) The futures settlement account that customers use for depositing funds must match the name or name specified in the futures brokerage contract. If there is any discrepancy, the deposit may be rejected and returned.
(2) When transferring money, customers are required to fill in the “fund use” column with “so-and-so's margin account.” For example, if Zhang San's customer account with FOSHAN FINANCIAL HOLDINGS is 2688888, customers should fill in “Zhang San's margin account 2688888” in the transfer details.
(3) Customers are not allowed to deposit or withdraw funds in cash. All transactions must be handled through peer transfers via the designated futures settlement account.
(4) To comply with margin safety depository requirements, customers are not permitted to transfer funds between different banks. Transfers can only be made within the same bank, for example, transferring from ICBC to ICBC.
FOSHAN FINANCIAL HOLDINGS provides two withdrawal methods for customers: manual withdrawal and silver transfer withdrawal. Here are the details regarding these withdrawal methods:
Customers who visit the company in person can initiate the withdrawal procedures by completing the “Foshan Financial Holding Futures Co., Ltd. Transfer Application Form.” Once the withdrawal request is submitted, the company will remit the funds to the designated account provided by the customer.
For customers who are unable to visit the company in person, they have the option to fax the “Foshan Financial Futures Co., Ltd. Transfer Application Form” to the company. After verifying the details through a telephone recording, the company will proceed with the fund transfer.
Customers who transfer money during the bank period can directly transfer the margin through the company's online trading system for withdrawal purposes.
Important Notes:
(1). The floating profit earned on the same day cannot be withdrawn.
(2). Profits from closing positions on the same day cannot be withdrawn on the same day.
(3). Customers with open positions on the day are subject to a withdrawal ratio of 80%.
(4). Customers who have no open positions and no transactions on the day can withdraw funds with a withdrawal ratio of 100%.
(5). Customers who have no open positions on the same day can withdraw an amount equal to the available funds minus 1001 yuan of guaranteed funds. The guaranteed funds can be withdrawn on the next day.
(6). Customers who transfer money during the bank period have certain withdrawal limits:
- The amount of each withdrawal should not exceed a certain amount, for example, RMB <> million.
- The withdrawal transfer is limited to a maximum of three times per day.
- The total daily withdrawal should not exceed a certain amount, for example, RMB <> million.
(1) Deposit and withdrawal time of bank transfer (including CTP two-seat Kingstar system appointment withdrawal) time:
Daily deposit period 08:40-15:30
Daily withdrawal period 09:00-15:30
Continuous trading session 20:30-02:30 the next morning (no withdrawal business is handled during continuous trading period)
(2) Manual deposit and withdrawal time (manual deposit and withdrawal is not supported during continuous trading periods):
Deposit: 08:30-16:00
Withdrawal: 09:00-16:00
When CTP customers and dormant customers need to withdraw funds, they need to make an appointment for withdrawal at the “Kingstar Online Trading” point, and the company's risk control trading department will measure whether there is any risk after the customer withdraws when it sees the appointment prompt, and then notify the finance department to handle the withdrawal procedures for the customer.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: 0757-86296288
400-9300-168 (From Monday to Friday : 08:30- 17:00 Except for Statutory holidays)
Email: zhb@fsjkqh.com
Address: 22th floor, Block 2, Xinkai Plaza, No. 39 Yongsheng West Road, Guicheng Street, Nanhai District, Foshan City, Guangdong Province
Conclusion
In conclusion, FOSHAN FINANCIAL HOLDINGS is a regulated financial institution that was founded in 1996. It operates under the regulation and supervision of CFFEX. FOSHAN FINANCIAL HOLDINGS offers a comprehensive range of services and provides an account opening process to follow. Clients can choose from a variety of trading software options offered by FOSHAN FINANCIAL HOLDINGS to facilitate their trading activities.
Frequently Asked Questions (FAQs)
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