HNA FUTURES

Overview of HNA FUTURES

HNA FUTURES, established in 1993 and based in China, is a regulated financial institution overseen by the China Financial Futures Exchange (CFFE). The company provides a range of futures and options trading instruments through account types like Commodities Account and Asset Management Account.

Traders can access multiple platforms, including the HNA Futures App and Haihang Easy Star. The company prioritizes customer support through a national hotline (400-880-5099) and email (topwin_sz@163.com). While the founding year, minimum deposit, and maximum leverage were not specified, HNA FUTURES offers a comprehensive educational platform, covering investor education, legal knowledge, and investor protection.

Is HNA FUTURES legit or a scam？

HNA FUTURES is currently regulated by the China Financial Futures Exchange and holds a Futures License under the regulatory oversight of China. The license, numbered 0123, designates HNA FUTURES as a licensed institution. This regulatory status signifies that the platform operates within the legal framework established by Chinese financial authorities.

For traders on the platform, the regulated status of HNA FUTURES can offer a level of assurance and compliance with established financial regulations. The oversight by regulatory agencies ensures fair and transparent trading practices, protecting the interests of traders, and maintaining the integrity of the financial markets. Traders will find confidence in the regulated environment, expecting adherence to industry standards and the implementation of necessary safeguards.

Pros and Cons

Pros:

1. Regulated by CFFE:

• HNA FUTURES operates under the regulatory framework of the China Financial Futures Exchange (CFFE), providing a level of oversight and adherence to industry standards.

2. User-Friendly Trading Platforms:

• The platform offers user-friendly interfaces, enhancing the overall trading experience for users. Intuitive design and accessibility contribute to ease of navigation.

3. Responsive Customer Support:

• HNA FUTURES provides responsive customer support through multiple channels, including a dedicated hotline. Quick and effective support contributes to a positive user experience.

4. Competitive Spreads and Commissions:

• The platform offers competitive spreads and commissions, potentially providing cost advantages to traders in comparison to other platforms.

5. Wide Range of Educational Resources:

• HNA FUTURES offers a wide set of educational resources, providing users with valuable information to enhance their understanding of trading and investment strategies.

Cons:

1.Language Barrier for Non-Chinese Users:

• Non-Chinese users will face a language barrier, as the platform primarily suitable for a Chinese-speaking audience. This limitation could impact the accessibility of information for users from other linguistic backgrounds.

2. Not Available in Some Countries or Regions:

• HNA FUTURES is available in certain countries or regions, limiting access for potential users outside the platform's supported areas. This geographic restriction could hinder global market participation.

Market Instruments

HNA FUTURES provides a wide array of trading assets spanning various commodities.

1.Precious Metals:

Gold (AU): A widely traded precious metal, gold is known for its value and is often used as a hedge against inflation.

Silver (AG): Another precious metal with various industrial applications, silver is also considered a store of value.

2. Base Metals:

• Copper (CU): As an essential industrial metal, copper is utilized in various sectors, making it a barometer for economic activity.

• Aluminum (AL): A lightweight metal extensively used in industries such as aerospace and construction.

3. Energy Commodities:

• Crude Oil (SC): A crucial energy resource, crude oil is a major component in global energy markets.

• Low-Sulfur Fuel Oil (LU): Used in maritime transport, this fuel oil complies with environmental regulations.

4. Agricultural Products:

• Soybeans (A): A key commodity in the agricultural sector, soybeans are used for food products and animal feed.

• Corn (C): A staple in the food and feed industries, corn is a widely traded agricultural commodity.

5. Soft Commodities:

• White Sugar (SR): An important sweetener and ingredient, white sugar is a key commodity in the food industry.

Account Types

Opening a futures account with HNA FUTURES provides users with access to various trading opportunities across different markets. Whether you are a new client or someone looking to expand trading capabilities, the platform offers flexibility. For those initiating their trading journey, options include accounts for Shanghai Futures Exchange (SHFE), Dalian Commodity Exchange (DCE), and Zhengzhou Commodity Exchange (CZCE). These commodity accounts are suitable for a broad spectrum of users, allowing them to engage in futures trading activities.

Additionally, HNA FUTURES offers the option to open asset management accounts. These accounts are for individuals or entities seeking a more structured approach to managing their financial portfolios. Asset management accounts ppeal to users with specific investment goals, risk tolerance, and diversified asset allocation preferences. The platform provides a range of financial instruments to accommodate varying investment strategies within these asset management accounts.

How to Open an Account？

To open an HNA FUTURES account, follow these steps:

1.Open the app and enter the Hainan Airlines Futures Company code: 0030.

2.Scan the QR code to download the Android Cloud Account Opening app.

3. Enter your personal phone number on the app, click to get the verification code, and log in.

4. Upload clear and close-up photos of the front and back of your ID card, as well as a signature photo.

5. Follow the specified standards for uploading clear and close-up photos with legible handwriting.

6. Choose the branch for account opening, click on the province or directly administered municipality, and then select the corresponding branch for that city. Click “Confirm” after selection.

7. Fill in basic information, some of which is pre-filled based on the uploaded ID card information. Verify and return to the previous step if any errors are found.

8. Select the designated bank based on your actual situation, fill in bank card and branch information, and upload a photo of the front of the bank card. Supported margin accounts for bank-to-futures transfers include Bank of China, Agricultural Bank of China, China Construction Bank, Bank of Communications, Industrial and Commercial Bank of China, China Merchants Bank, Shanghai Pudong Development Bank, Industrial Bank, and Guangdong Development Bank. Other banks support online banking for futures signing.

9. Choose the suitability type, either regular investor or professional investor. Professional investors must meet the specified requirements; otherwise, regular investors are the default.

10. Complete the regular investor risk tolerance questionnaire based on your actual situation.

11. After completing the risk assessment, view the current evaluation results.

12. Select the account type you wish to open, such as commodity futures accounts for Shanghai, Zhengzhou, and Dalian. For financial and crude oil futures, you can choose the China Financial Futures Exchange and Shanghai International Energy Exchange if the risk level is C4 or C5.

13. Review the futures company agreement.

14. Submit video verification by holding your ID card and engaging in a video call with the futures company's video verification personnel. They will verify the provided information and collect video and photo data.

15. After successful video verification, install the digital certificate, input a 6-digit password, and save it. Remember this password as it will be required for future steps. In case of forgetting, you need to delete the local certificate file, undergo video verification, and reinstall the certificate.

16. Sign the agreement, including customer instructions, futures contracts, and a futures trading risk disclosure statement. Read carefully and agree before proceeding.

17. Click to read and sign the agreement, then enter the digital certificate password.

18. Participate in an online follow-up visit, choosing based on your current situation.

19. Submit the account opening application. If successful, you will receive a confirmation SMS.

Transaction fee

HNA FUTURES applies a tiered fee structure for futures trading on various exchanges, with detailed rates for transaction fees, same-day transaction fees, and exercise fees.

On the Shanghai Futures Exchange (SHFE), for example, the transaction fee for AG (Silver) is 0.6‰ of the transaction amount, with the same rate for same-day transactions. Other commodities like AL (Aluminum), AU (Gold), BR (Butadiene Rubber), CU (Copper), and RU (Natural Rubber) have varying fee structures, including both transaction and same-day fees. Similarly, the Dalian Commodity Exchange (DCE) and Zhengzhou Commodity Exchange (CZCE) exhibit differentiated fee rates across a range of commodities.

For options trading on the Shanghai Futures Exchange, fees are specified for transaction, same-day, and exercise. Notable examples include IO (CSI 300 Index Options) and MO (CSI 1000 Index Options).

Comparing the fees across different account types, it's evident that certain accounts incur higher fees for specific commodities. For instance, the fees for A (Soybean), B (Soybean No. 2), and C (Corn) are generally lower compared to other commodities on the DCE, making these account types more cost-effective for traders interested in these products.

Considering the fee structures and variations, account types with lower transaction costs are suitable for individual investors or those with a preference for specific commodities. Traders should carefully assess their trading preferences and commodity interests when selecting an account type to optimize cost-effectiveness. It's important to note that fee structures evolve based on market dynamics and regulatory changes. Investors are encouraged to stay informed about any updates to the fee standards.

Trading Platform

HNA FUTURES offers various trading platforms for different trader preferences. One such platform is “Haihang Yixing,” an Android version that passed certification. The “Haihang Qihuo Yingshun Yun Xingqing Jiaoyi Ruanjian Gaoqing Ban” (wh6) integrates market data, analysis, and order placement. “Haihang Qihuo Yingshun Jiaoyi Ruanjian - Boyi Yun Jiaoyi Ban” supports Jin Shi Da and CTP for domestic and global futures. “Kuaiqi (Q7) Qihuo Jiaoyi Ruanjian V3” is a next-gen system with multiple interfaces. “Kuaiqi (Q7) Qihuo Jiaoyi Ruanjian V2” is user-friendly for futures investors.

For options trading, “Haihang Qihuo Jinshida Dianjinshou” (Version 2.0) is dedicated to Jin Shi Da. “Haihang Qihuo Wangshang Jiaoyi Keji Duan - Jinshida Wangshang Jiaoyi Xitong” (Version 6.46) is an independent trading system. Simulation software, “Haihang Qihuo Moshishezhen Ruanjian,” is available for both Jin Shi Da andDian Jin Shou platforms.

The Android version “Suixing Yideying” with version V5.6.1.0 offers a new UI. Specific details about these platforms' features are not outlined, and users will explore them directly or seek additional resources for comprehensive information.

Deposit & Withdrawal

HNA FUTURES offers a variety of payment methods for fund transfers, primarily utilizing the bank-to-futures mechanism. Clients can initiate transfers through major banks, including Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, Shanghai Pudong Development Bank, China Merchants Bank, Everbright Bank, Industrial Bank, and CITIC Bank. The transfer channels are conducted through the online trading systems of these banks, and clients are required to sign agreements with the respective banks. This service is available nationwide.

In terms of transfer limits, clients have the flexibility to perform up to three transfers per day, with each transfer capped at 2 million RMB. The total daily fund transfer limit is 6 million RMB, and there is a minimum account risk reserve of 1,001 RMB. For amounts exceeding 6 million RMB, clients can contact customer service online for pre-approval, and once approved, they can proceed with the transfer. The transfer-in amount is generally unrestricted, providing clients with flexibility in managing their funds.

Regarding the processing times for bank-to-futures fund transfers, the platform operates during specific hours. For fund deposits, clients can initiate transfers from Monday to Friday between 8:45 and 15:45 (excluding statutory holidays). Night session deposits are accepted from Monday to Saturday between 20:30 and 2:30 (excluding statutory holidays). For fund withdrawals, the processing hours are from Monday to Friday between 9:05 and 15:45 (excluding statutory holidays). These specified hours provide clients with a clear timeframe for conducting their fund transfer activities.

Customer Support

HNA FUTURES provides robust customer support through its dedicated hotlines, ensuring clients have direct access to assistance. The national customer service hotline at 400-880-5099 and 0755-83680559， specific order placement lines at and 0755-83680528. For written communication, clients can reach out via email at topwin_sz@163.com. The platform's commitment to accessible communication channels allows traders to seek assistance promptly, enhancing overall user experience and addressing any issues they will have in a timely manner.

Educational Resources

HNA FUTURES provides a comprehensive suite of educational resources under its Investor Education initiative, to empower investors with knowledge and skills. Here is an overview of the educational offerings:

1. Legal Education Column:

1. This section focuses on legal education, providing investors with insights into the legal aspects of investment. It covers topics related to financial laws and regulations, helping investors navigate the legal landscape.

2. Investor Rights Protection:

• HNA FUTURES places a strong emphasis on safeguarding investor rights. This section addresses investor protection measures, ensuring that investors are well-informed about their rights and are equipped to make sound investment decisions.

3. Investor Protection Zone:

• The Investor Protection Zone is a dedicated area where investors can access resources and information specifically to protect their interests. It serves as a centralized hub for various tools and guidelines related to investor protection.

4. Futures Knowledge:

• This section delves into the fundamentals of futures trading. Investors can gain a deeper understanding of the dynamics of the futures market, including key concepts, trading strategies, and risk management.

5. Investor Learning Corner:

• The Investor Learning Corner serves as a virtual space where investors can enhance their knowledge and skills. It provides educational materials, tutorials, and interactive content to facilitate continuous learning for investors of all levels.

6. Anti-Money Laundering:

• HNA FUTURES is committed to combatting money laundering activities. The Anti-Money Laundering section offers educational resources to raise awareness about anti-money laundering measures and compliance requirements.

7. Integrity Zone:

• Integrity is a core value, and the Integrity Zone focuses on fostering ethical behavior and responsible trading practices. Investors can access information on ethical considerations and integrity-related guidelines.

8. New Third Board Education:

• This section provides educational resources specific to the New Third Board, offering insights into the unique aspects and opportunities associated with this market segment. Investors can stay informed about the latest developments and investment strategies related to the New Third Board.

Conclusion

In conclusion, HNA FUTURES presents a regulated trading environment under the oversight of the China Financial Futures Exchange (CFFE). This regulatory backing instills a sense of confidence in users, emphasizing adherence to industry standards. The user-friendly trading platforms, coupled with responsive customer support, contribute positively to the overall trading experience. Traders benefit from competitive spreads and commissions, positioning HNA FUTURES as a potentially cost-effective choice in the market. Moreover, the platform's commitment to education is evident through its wide array of resources, empowering users with valuable insights into trading strategies.

However, it's essential to note that non-Chinese users will encounter a language barrier, impacting their access to information. Additionally, the platform's availability is limited to certain countries or regions, posing a challenge for those outside its supported areas. Despite these limitations, HNA FUTURES stands as a regulated platform with notable strengths, offering a robust foundation for users within its operational scope.

FAQs

Q: Is HNA FUTURES available for users outside of China？

A: HNA FUTURES is accessible in specific countries or regions, limiting its availability for users globally.

Q: What regulatory authority oversees HNA FUTURES？

A: HNA FUTURES operates under the regulatory framework of the China Financial Futures Exchange (CFFE).

Q: Are there language support options for non-Chinese users？

A: Non-Chinese users will face a language barrier, as language support is not readiy available on the platform.

Q: Does HNA FUTURES provide educational resources for traders？

A: Yes, HNA FUTURES offers a wide range of educational resources, empowering traders with valuable insights and knowledge.

Q: What is the customer support contact information for HNA FUTURES？

A: Users can reach HNA FUTURES customer support through the national hotline at 400-880-5099 or via email at topwin_sz@163.com.