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DAYUE FUTURES

China|5-10 years|
Regulated in China|Futures License|Suspicious Scope of Business|

https://www.dyqh.info/

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dyqh@dyqh.info
https://www.dyqh.info/
浙江省绍兴市越城区解放北路186号7楼

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DAYUE FUTURES · Company Summary

Aspect Information
Company Name DAYUE FUTURES
Registered Country/Area China
Founded Year 5-10 years ago
Regulation Regulated by the China Financial Futures Exchange (CFFEX)
Market Instruments Diverse range including stock indices, energy, chemicals, and agricultural commodities
Minimum Deposit 50 yuan
Trading fees Major commodities like soybean oil, corn, and crude oil, incur a standard fee of 12 US dollars, while Bitcoin futures carry a higher fee of 40 US dollars.
Trading Platforms Multiple platforms including Hang Seng UF2.0, Dai Viet Futures Online Trading, and a specialized CTP fast trading terminal.
Customer Support Phone at 0575-88333535
Deposit & Withdrawal Primarily through bank transfers

Overview of DAYUE FUTURES

DAYUE FUTURES, established in China 5-10 years ago, operates as a futures trading platform with a diverse range of trading assets spanning stock indices, energy, chemicals, and agricultural commodities. Boasting regulatory oversight from the China Financial Futures Exchange (CFFEX), it instills confidence in traders by adhering to stringent industry standards.

While its multiple trading platforms and comprehensive educational resources stand as advantages, traders navigate varied fees based on commodities and will face limitations in bank transfer hours.

Overview of DAYUE FUTURES

Is DAYUE FUTURES legit or a scam?

DAYUE FUTURES is under the regulatory oversight of the China Financial Futures Exchange (CFFEX), holding a Futures License with License No. 0195.

This regulatory status significantly influences traders on the platform by instilling a sense of confidence and trust. The stringent regulations imposed by CFFEX ensure a secure and transparent trading environment. Traders benefit from the assurance that DAYUE FUTURES adheres to established industry standards, safeguarding their interests and investments.

Is DAYUE FUTURES legit or a scam?

Pros and Cons

Pros Cons
Under CFFEX regulation, instilling confidence and trust. Varied fees based on commodities and higher fees for certain assets.
Diverse Asset Range including stock indices, energy, chemicals, and agricultural commodities. Bank transfers restricted to specific hours, impacting flexibility.
Multiple Trading Platforms
Bank Transfer Transactions
Various Customer Support Channels
Comprehensive educational resources for investors.

Pros:

  1. Regulatory Oversight:

  • DAYUE FUTURES operates under the regulatory oversight of the China Financial Futures Exchange (CFFEX), providing traders with a sense of security and confidence. This regulatory framework ensures adherence to industry standards, fostering a transparent and trustworthy trading environment.

2. Diverse Asset Range:

  • The platform offers a wide range of trading assets spanning various sectors, including stock indices, energy, chemicals, and agricultural commodities. This diversity allows traders to explore and diversify their portfolios.

3. Multiple Trading Platforms:

  • DAYUE FUTURES provides traders with a variety of trading platforms to choose from. These platforms serve different preferences and needs, offering flexibility for traders to select the interface that aligns with their trading habits and strategies.

4. Bank Transfer Transactions:

  • DAYUE FUTURES conducts transactions primarily through bank transfers. This method allows for user-friendly fund transfers and withdrawals, offering a familiar and widely used channel for financial transactions.

5. Various Customer Support Channels:

  • The platform ensures customer support through various dedicated channels, including emergency contacts and general inquiry lines.

6. Comprehensive Educational Resources:

  • DAYUE FUTURES provides extensive educational resources covering a range of topics essential for investors. These resources include insights into trading rules, basics of futures, variety introductions, and information on investor protection and risk warnings.

Cons:

  1. Varied Fees:

    1. Trading fees on DAYUE FUTURES vary based on commodities and asset classes. Some assets, such as major commodities like soybean oil, corn, and crude oil, incur a standard fee of 12 US dollars, while Bitcoin futures carry a higher fee of 40 US dollars.

2. Limited Flexibility in Bank Transfer Hours:

  • Bank transfers on DAYUE FUTURES are limited to specific hours (8:30-15:30), impacting flexibility for traders who prefer conducting transactions outside of these designated times. This limitation will affect the speed and convenience of fund transfers.

3. Limited Information on Cryptocurrency Offerings:

  • The platform provides limited details on cryptocurrency offerings. Traders seeking comprehensive information on cryptocurrency trading will find the available information lacking, affecting their ability to make informed decisions in this market.

Market Instruments

DAYUE FUTURES offers a diverse range of trading assets across various exchanges and categories. The variety of assets includes:

  1. CSI 300 Stock Index Options Contract

  • This option contract is based on the CSI 300 Stock Index, providing traders with opportunities to speculate on the performance of a broad range of Chinese stocks.

2. Shanghai International Energy Trading Center Low Sulfur Fuel Oil Futures Standard Contract

  • This futures contract involves low sulfur fuel oil, allowing traders to participate in the price movements of this commodity used in various industrial applications.

3. Shanghai Futures Exchange Fuel Oil Futures Contract

  • This futures contract focuses on fuel oil, providing traders with exposure to price fluctuations in this essential energy commodity.

4. Shanghai International Energy Trading Center No. 20 TSR Futures Standard Contract

  • This futures contract pertains to No. 20 TSR (Technically Specified Rubber), enabling traders to engage in speculation on the price movements of this specific rubber variety.

5. Dalian Commodity Exchange Live Pig Futures Contract

  • Traders can participate in the live pig market through this futures contract, which involves speculating on the future prices of live pigs.

6. Dalian Commodity Futures Exchange Ethylene Glycol Futures Contract

  • This futures contract involves ethylene glycol, a chemical compound used in various industrial processes, allowing traders to take positions based on its price movements.

7. Zhengzhou Commodity Futures Exchange Short Fiber Futures Standard Contract

  • Traders can engage in the short fiber market through this futures contract, speculating on the price dynamics of short fibers used in the textile industry.

8. Zhengzhou Commodity Futures Exchange Soda Ash Futures Standard Contract

  • This futures contract revolves around soda ash, providing traders with exposure to price changes in this chemical compound used in manufacturing.

9. Zhengzhou Commodity Futures Exchange Urea Futures Standard Contract

  • Urea futures contract allows traders to participate in the market for urea, a nitrogen-rich fertilizer widely used in agriculture.

10. Zhengzhou Commodity Futures Exchange Peanut Kernel Futures Standard Contract

  • This futures contract is centered around peanut kernels, allowing traders to speculate on the price movements of this agricultural commodity.

The range of trading assets offered by DAYUE FUTURES spans various sectors, providing traders with opportunities to diversify their portfolios and engage in markets ranging from stock indices to energy, chemicals, and agricultural commodities.

Market Instruments

How to Open an Account?

  1. Visit DAYUE FUTURES Website:

  1. Access the official DAYUE FUTURES website using your preferred web browser.

2. Navigate to Account Registration:

Locate the “Account Opening” on the website. Follow the prompts to initiate the account registration process.

3. Provide Personal Information:

Enter your personal details accurately, including your full name, date of birth, and address. Have your ID card on hand, as you will be required to input the information from it.

4. Submit KYC Documentation:

Upload clear and legible photos of your ID card using the camera prepared beforehand. Ensure the images are well-lit and capture all necessary details. This step is crucial for Know Your Customer (KYC) verification.

5. Bank Card Linking:

Link your bank card to your DAYUE FUTURES account. Enter the relevant banking information as required.

6. Set Up Security Measures:

  • Activate two-factor authentication using the speaker and microphone for added security.

  • Record and securely store your account credentials, including passwords and any security codes generated during the setup.

  • Test your microphone and speaker during the account setup to ensure they are functional for potential future verification processes.

How to Open an Account?

Trading fees

DAYUE FUTURES imposes standard transaction fees for various commodities, denominated in different currencies.

The fees are structured based on the commodity, exchange, and contract specifications. Notably, major commodities such as soybean oil, corn, and crude oil incur a fee of 12 US dollars, whereas Bitcoin futures have a higher fee of 40 US dollars.

Code Commodity Name Standard Transaction Fee Currency
CBOT BO Soybean Oil 12 USDC
CBOT Corn 12 USDS
CBOT Soybeans 12 USDS
CBOT Soybean Meal 12 USD
CBOT E-mini Dow Jones Industrial Average 12 USD
CBOT 5-Year U.S. Treasury Note 12 USD
CBOT 10-Year U.S. Treasury Note 12 USD
CBOT 30-Year U.S. Treasury Bond 12 USD
Forex Futures Forex Futures 12 USD
ES E-mini S&P 500 12 USD
NQ E-mini Nasdaq 100 12 USD
FT5 E-mini FTSE China 50 Index 12 USD
NKD Nikkei 225 Index 12 USD
RMB Renminbi 12 USD
CNH USD vs Offshore Renminbi 12 USD
LH Lean Hogs 12 USD
LC Live Cattle 12 USD
BTC CME Bitcoin 40 USD
HG NYMEX Copper 12 USD
GC NYMEX Gold 12 USD
SI NYMEX Silver 12 USD
TIO Iron Ore 20 USD
CL NYMEX Crude Oil 12 USD
NG Natural Gas 12 USD
PA NYMEX Palladium 12 USD
PL NYMEX Platinum 12 USD
QG E-mini Natural Gas 12 USD
QM E-mini NYMEX Crude Oil 12 USD
BZ Brent Crude Oil Cash Settle 12 USD
IPE Brent Crude Oil 12 USD
WTI Crude Oil 12 USD
DX U.S. Dollar Index 12 USD
CT ICE Cotton 12 USD
KC ICE Coffee 12 USD
SB ICE Sugar No. 11 12 USD
MSCI MSCI Emerging Markets Index 12 USD
Z FTSE 100 Index 12 USD
DAX German DAX Index 12 USD
VSTOXX Euro Stoxx 50 Index 12 USD
CN SGX FTSE A50 Index 12 USD
NI Nikkei 225 Index 1500 JPY
UC USD vs Offshore Renminbi 12 USD
FEF Iron Ore (Electronic) 12 USD
TF SGX Rubber 12 USD
NCH MSCI China Index 12 USD
FCPO Bursa Malaysia Crude Palm Oil 12 USD

Trading Platform

DAYUE FUTURES provides a range of trading platforms suitable for different preferences and needs.

The Hang Seng UF2.0 trading software, offered by Wenhua Finance Yingshun, is a classic futures software with 18 years of history. It supports both futures and options trading, featuring a simple, high-speed, and convenient operation. The software integrates market conditions, analysis, and order placement, supporting Hang Seng UF2.0 Dai Viet Futures Online Trading Standard Version.

Trading Platform

Dai Viet Futures Online Trading Standard Edition (FENS Edition) is a futures online trading software developed based on the Hang Seng UF2.0 trading system. It is compatible with the features and operating habits of the original online trading system 3.0. The FENS Edition boasts improved performance, an optimized operating interface, and supports dynamic passwords and other security verification methods. It also facilitates full-link encrypted communication during the transmission process.

Trading Platform

For customers who have activated the CTP backend, Dai Viet Futures CTP fast trading terminal V2 version offers a specialized futures trading terminal developed by Shanghai Xinyi Information Technology Co., Ltd. It prioritizes usability and comfort, featuring convenient order placement, cancellation, and modification. This terminal aligns with the trading habits of ordinary futures traders, bringing a new level of usability and comfort to the software.

Dai Viet Futures Professional Edition serves as a mobile terminal software, integrating market prices, transactions, and information. Supporting futures and options market trading, it provides functions such as futures account opening, information consultation, conditional orders, and stop loss/take profit. The platform offers a simple interface and complete functions, supporting both Hang Seng UF2.0 and CTP system login transactions for enhanced flexibility.

Users can download these platforms immediately and find instructions for use on the official DAYUE FUTURES website. The trading software options are diverse, each with its unique features and capabilities to serve the varied preferences of traders. Additionally, MD5 verification ensures the integrity and authenticity of the downloaded software.

Trading Platform

Deposit & Withdrawal

DAYUE FUTURES conducts transactions primarily through bank transfers, with the following guidelines in place:

Bank transfers are limited to specific hours between 8:30-15:30 and can be conducted at major banks, including Bank of China, China Construction Bank, ICBC, Bank of Communications, Agricultural Bank of China, China Merchants Bank, and CITIC. During the night market, only deposits are allowed.

Customers must maintain a minimum of 50 yuan in the account when transferring available funds on the day to ensure the safety of futures transactions.

Customers are subject to a single withdrawal limit of 2 million yuan, with a cumulative daily withdrawal limit also set at 2 million yuan. Exceeding these limits requires prior confirmation from the company's financial department. Customers are restricted to a maximum of 10 transfers per day, with any exceeding instances requiring confirmation from the finance department.

Deposit & Withdrawal

Customer Support

DAYUE FUTURES ensures customer support through dedicated contact channels.

For emergencies, the Transaction Risk Control Department can be reached during the day and night shifts at 0575-85120641.

The Customer Service team is available during the day at 0575-88333535.

Additionally, the Engineering Department provides assistance with day and night shift contacts at 0575-85201506 and 0575-89588885, respectively.

These contact numbers demonstrate the platform's commitment to addressing customer inquiries and technical concerns promptly, enhancing overall customer experience and support.

Customer Support

Educational Resources

DAYUE FUTURES offers various educational resources covering a spectrum of topics essential for investors.

The platform provides insights into Trading Rules, Futures Basics, and Variety Introduction to deepen understanding.

Investor protection and risk warnings are emphasized, promoting responsible trading. Educational materials also delve into Contract Text, Policies and Regulations, and Integrity Construction. Anti-Money Laundering guidelines are highlighted in a dedicated column.

Users gain insights into Futures Law, recognizing abnormal and illegal trading behaviors.

Educational Resources

Conclusion

DAYUE FUTURES operates under the regulatory oversight of the China Financial Futures Exchange, establishing itself as a robust platform for traders in China over the past 5-10 years. The company boasts a diverse array of market instruments, including stock indices, energy, chemicals, and agricultural commodities. Its strengths lie in the provision of multiple trading platforms and comprehensive educational resources, offering flexibility and knowledge to traders.

However, it is essential to consider certain drawbacks, particularly the limitations in bank transfer hours, which affect the efficiency and convenience of fund transfers.

FAQs

Q: How can I open an account with DAYUE FUTURES?

A: Visit the official website, locate the “Account Opening” section, follow prompts, provide accurate personal information, submit KYC documentation, link your bank card, and set up security measures.

Q: What are the available market instruments on DAYUE FUTURES?

A: DAYUE FUTURES offers a diverse range of market instruments, including stock indices, energy, chemicals, and agricultural commodities.

Q: What trading platforms are available on DAYUE FUTURES?

A: The platform provides multiple trading platforms, including Hang Seng UF2.0, Dai Viet Futures Online Trading, and a specialized CTP fast trading terminal.

Q: How can I contact customer support in case of an emergency?

A: Dial the Transaction Risk Control Department at 0575-85120641 during both day and night shifts for emergencies.

Q: What are the trading fees on DAYUE FUTURES?

A: Trading fees vary based on commodities, with major ones like soybean oil, corn, and crude oil incurring a fee of 12 US dollars, while Bitcoin futures have a fee of 40 US dollars.

Broker Information

Company Name

大越期货股份有限公司

Company Abbreviation

DAYUE FUTURES

Regulatory Status

Regulated

Platform registered country and region

China

Company website
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Company address
  • 浙江省绍兴市越城区解放北路186号7楼

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Customer Service Email Address
  • dyqh@dyqh.info

Company Summary

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FX1585080088
more than one year
Weird vibes with this platform. Same trades happening on different broker platforms, but here's the kicker – losses get blown up, and the profitable ones hit the brakes. What's up with that?
2024-01-03 17:49
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