NH FUTURES

Overview of NH Futures

NH Futures, founded in South Korea in 2019, operates without regulatory oversight, offering flexibility but posing potential risks. Traders must exercise caution and assess risks before engaging. The platform boasts a diverse range of futures, including major currencies, interest rate products, and indices, catering to varied investor preferences. With leverage up to 1:500, various deposit methods, and 24/7 customer support, NH Futures enhances the trading experience. It provides mock trading for practical learning, benefiting both novices and experienced traders. However, the lack of regulation raises concerns, and limited educational resources might hinder a comprehensive learning experience. NH Futures stands out for its comprehensive market instruments, specializing in futures trading across various categories, making it an attractive option for global financial market exploration.

Is NH FUTURES legit or a scam？

NH Futures operates without regulation from any governing authority. While this allows for flexibility, it also presents potential risks associated with the absence of regulatory oversight. Traders should exercise caution due to the lack of regulatory safeguards, as unregulated entities may lack transparency and investor protection measures. It is advisable for individuals to thoroughly assess and understand the potential risks involved before engaging in any trading activities with NH Futures.

Pros and Cons

Pros:

1. A Diverse Range of Futures: NH Futures provides a broad spectrum of trading assets, including major currencies, interest rate products, and stock indices. This diversity caters to the varied preferences and strategies of investors.

2. Leverage up to 1:500: Traders on NH Futures can benefit from leverage up to 1:500, enhancing their trading power and flexibility in managing positions.

3. Various Deposit Methods: The platform supports multiple deposit methods, such as credit/debit cards, bank transfers, and e-wallets, offering convenience to users with different preferences.

4. 24/7 Customer Support: NH Futures provides round-the-clock customer support through various channels. This ensures assistance is readily available for users worldwide, addressing queries and concerns promptly.

5. Offers Mock Trading for Practical Learning: The inclusion of mock trading allows users to engage in practical learning experiences, refining their trading skills in a risk-free environment. This feature is valuable for both novice and experienced traders.

Cons:

1. Not Regulated: NH Futures operates without regulation from any governing authority. While this provides flexibility, it poses potential risks associated with the absence of regulatory oversight.

2. Limited Educational Resources: NH Futures lacks comprehensive educational resources. While they offer mock trading for practical learning, the absence of extensive educational materials may limit the learning experience for users.

Market Instruments

NH Futures specializes in futures trading, offering a broad spectrum of trading assets that cater to the diverse needs of investors.

In the realm of currencies, NH Futures provides opportunities to trade major pairs such as the Mexican Peso, E-micro CAD/USD, and E-micro CHF/USD. The interest rate category includes prominent assets like the Ultra 10-year U.S. T-Note, U.S. Ultra T-Bond, and Long-Term Euro-BTP.

While specific details about energy, precious metals, livestock, and agricultural assets are not provided, NH Futures shines in the index category. Traders can engage in KOSPI 200 Futures, KOSPI 200 Options, KOSPI 200 Setcor Index Futures, V-KOSPI 200 Futures, Mini KOSPI 200 Futures, and Mini KOSPI 200 Options.

In the realm of base metals, CME offers a variety of options, including Euro FX Futures, Japanese Yen, British Pound, Canadian Dollar, Australian Dollar, Swiss Franc, New Zealand Dollar, EC/JY Cross Rate, Euro/British Pound Cross, E-mini EUR/USD, E-mini JPY/USD, E-micro EUR/USD, E-micro AUD/USD, and E-micro GBP/USD.

The offerings extend to EUREX and ICE for additional trading opportunities, making NH Futures a comprehensive choice for investors looking to explore global financial markets.

Account Types

NH FUTURES presents the Standard account type, empowering traders with leverage up to 1:500, ensuring flexibility in their trading strategies. Experience competitive spreads commencing at a minimal 0.1 pips, enhancing cost-effectiveness. The account requires a reasonable minimum deposit of $100, making it accessible to a wide range of investors. Explore and practice with a Demo Account, refining your skills risk-free. Utilize the user-friendly Surfing Board trading platform, offering comprehensive tools. NH FUTURES stands out with its commitment to customer support, providing assistance 24/7 through various channels for a seamless trading experience.

How to Open an Account？

Opening an Account with NH Futures: Step-by-Step Guide

Before initiating the account opening process with NH Futures, it is advisable to contact their International Business Team for detailed information and guidance.

1. Account Opening Procedures:

• Reach out to NH Futures' International Business Team to obtain detailed instructions.

• Complete the Account Opening Application Form provided by the IB Team or access the form through the provided link.

• Submit additional required documents, including:

• Copy of Business Registration or Investor Registration Certificate (IRC)

• List of Authorized Fund Transferor Signatures

• List of Authorized Traders

• Bank Account Details

1. Standing Proxy:

• Foreign investors have the option to appoint a 'Standing Proxy' for handling IRC application, account opening, and fund transfers.

• Acceptable standing proxies include local banks, securities & futures firms, Korea Securities Depository, or NH Futures.

• Required documents for Standing Proxy:

• Copy of the Standing Proxy agreement

• Copy of Business Registration of the Standing Proxy

• Copy of valid personal ID of the individual submitting the Account Opening Application Form

Leverage

NH FUTURES offers leverage up to 1:500 on futures contracts. The company also offers leverage on other types of derivatives, such as options and CFDs.

Spreads & Commissions

NH FUTURES boasts competitive spreads, commencing at 0.1 pips for select futures contracts. Additionally, the company implements commission charges for specific trades, ensuring a transparent and fee-based structure.

Here is a more detailed breakdown of NH FUTURES' spreads and commissions (trading fees) for some popular futures contracts:

Trading Platform

NH Futures offers a comprehensive trading platform, Surfing Board, designed to provide accurate investment information on global markets. The platform boasts several key features:

1. Multi-Chart and Combined Log-In:

1. Users can access market data and trade on both domestic and overseas products.

2. Enables trading on the EUREX linked night session while simultaneously checking real-time charts of overseas products.

2. Fast and Accurate Execution:

1. The system ensures rapid and precise execution of trades.

3. Multiple Chart/Index Analysis:

1. Users can perform in-depth analysis using multiple charts and indices simultaneously.

4. Real-Time Market Analysis/Events:

1. The platform provides real-time market analysis and events, allowing traders to stay informed.

5. User Customized Shortcut Keys/Lists:

1. Customizable shortcut keys and lists enhance user convenience and efficiency.

Additionally, NH Futures offers an API (Application Program Interface) for automated program trading. This facilitates functions like order creation, order filling, and real-time market information checks, empowering customers to develop their trading systems.

NH Futures further provides the X-PERT (Xpert Trading System) for strategic decision-making in the KOSPI 200 futures and options market. XTS maximizes order speed, minimizes order congestion, and employs IOB algorithms for optimal order processing.

The supporting programs for API and X-PERT include Visual C++ 2019 DLL, OCX, FIX 4.2 or better, and Xpert API. These tools contribute to NH Futures' commitment to providing a versatile and efficient trading environment for its users.

Deposit & Withdrawal

NH Futures provides a flexible approach to fund deposits, accepting various methods such as credit/debit cards, bank transfers, and e-wallets.

The minimum deposit requirement for a standard account is set at $100, ensuring accessibility for a range of investors.

Deposits are efficiently processed, typically within 24 hours, allowing users quick access to their trading funds. When it comes to withdrawals, NH Futures maintains a timely processing period, completing transactions within 3 business days.

Customer Support

NH Futures provides customer support through various channels.

For inquiries, you can contact them through their official website at http://eng.futures.co.kr.

Additionally, you can reach out to them via email at ellykim@futures.co.kr.

NH Futures welcomes questions or comments and encourages users to contact them for assistance. If you prefer direct communication, you can visit their office at 16, 17F, 2, Gukjegeumyung-ro 8-gil, Yeongdeunpo-gu, Seoul, Korea.

While their social media and messaging platforms such as Twitter, Facebook, Instagram, YouTube, LinkedIn, WhatsApp, QQ, and WeChat aren't provided, the company emphasizes open communication and invites users to submit inquiries through their online form.

Educational Resources

NH Futures, while lacking in educational resources, offers valuable alternatives like mock trading and a robust help center. Engage in practical learning experiences with mock trading, allowing users to refine their skills in a risk-free environment.

The help center serves as a comprehensive resource hub, providing essential information and support to traders seeking guidance.

Despite the limited educational resources, NH Futures prioritizes practical tools and assistance, ensuring users have the necessary tools to navigate the complexities of the financial markets.

Conclusion

NH Futures boasts a diverse range of futures, including major currencies, interest rate products, and indices, catering to varied investor preferences. With leverage up to 1:500, various deposit methods, and 24/7 customer support, NH Futures enhances the trading experience. It provides mock trading for practical learning, benefiting both novices and experienced traders. However, the lack of regulation raises concerns, and limited educational resources might hinder a comprehensive learning experience. NH Futures stands out for its comprehensive market instruments, specializing in futures trading across various categories, making it an attractive option for global financial market exploration.

FAQs

Q: What trading assets does NH Futures offer？

A: NH Futures provides a diverse range of trading assets, including major currencies, interest rate products, and stock indices.

Q: Is NH Futures regulated by any governing authority？

A: No, NH Futures operates without regulation from any governing authority.

Q: How much leverage does NH Futures offer？

A: NH Futures offers leverage up to 1:500 on futures contracts.

Q: What deposit methods are accepted by NH Futures？

A: NH Futures accepts various deposit methods, including credit/debit cards, bank transfers, and e-wallets.

Q: Does NH Futures provide educational resources？

A: NH Futures lacks comprehensive educational resources but offers practical learning through mock trading.

Q: What is the minimum deposit required for a standard account with NH Futures？

A: The minimum deposit for a standard account with NH Futures is $100.