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ZHONGCAI FUTURES

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

http://www.zcqh.com/

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Influence

C

Influence index NO.1

China 3.01

Surpassed 69.91% brokers

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Contact

http://www.zcqh.com/
上海市浦东新区陆家嘴环路958号23楼

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ZHONGCAI FUTURES · Company Summary

Registered in China
Regulated by CFFEX
Year(s) of establishment 5-10 years
Trading instruments Commodities, currencies, indices, interest rates
Account Types Simulated trading, financial simulation, formal account opening
Minimum Initial Deposit Varies, contact Zhongcai Futures for details
Maximum leverage Varies by instrument and account type
Minimum spread Varies depending on market conditions
Trading platform ESUNNY, Boyi Dashi, Wu Xian Yi, MC (MultiCharts 64-bit)
Educational Resources A comprehensive range of educational resources on their official website.e.g.the research center,information database.
Customer Service National hotline, branch offices throughout China

Overview of Zhongcai Futures

Zhongcai Futures is a well-established brokerage firm in China specializing in futures trading. With regulatory oversight, it offers a wide range of market instruments and multiple account types, including simulated trading and formal account opening. Traders can leverage their positions and access various trading platforms for a seamless experience. Deposit and withdrawal options are available, and customer support is comprehensive. Additionally, Zhongcai Futures provides educational resources to enhance traders' knowledge. While primarily focused on the Chinese market, the brokerage offers valuable opportunities for investors seeking futures trading expertise.

basic-info

Is Zhongcai Futures Legit or a scam?

Regulatory oversight plays a crucial role in the financial industry, and the fact that Zhongcai Futures is a legitimate brokerage firm registered and regulated by the relevant authorities in China is an important factor for investors. Regulatory compliance ensures that the company operates within defined legal boundaries, follows industry best practices, and upholds transparency and accountability. This provides a level of assurance to investors that their rights and interests are protected, and that they can engage in trading activities with confidence.

Investors should always prioritize conducting thorough research and due diligence before engaging with any financial institution, including brokerage firms. This involves verifying the regulatory status of the firm, reviewing its reputation and track record, understanding the terms and conditions, and seeking independent advice if necessary. By taking these steps, investors can make informed decisions, mitigate risks, and ensure that their investments are handled by a reputable and regulated brokerage that prioritizes investor protection and market integrity.

regulation

Pros and Cons

Zhongcai Futures is an established brokerage firm in China, which signifies its longevity and experience in the industry. Their specialization in futures trading indicates a deep understanding and expertise in this specific market segment. The availability of a wide range of market instruments allows traders to diversify their portfolios and explore various trading opportunities. With multiple account types, investors have the flexibility to choose an account that aligns with their trading preferences and objectives. The availability of leverage enables traders to amplify their exposure and potentially enhance their returns. Additionally, Zhongcai Futures provides educational resources for traders, which can be valuable in enhancing their knowledge, skills, and trading strategies.

One of the drawbacks of Zhongcai Futures is the limited availability of information in English, which may pose challenges for non-Chinese speakers who want to access comprehensive details about the brokerage's services and offerings. Furthermore, Zhongcai Futures is primarily focused on Chinese markets, limiting the opportunities for international investors to trade in other global markets. Another downside is the limited international customer support, which may make it difficult for non-Chinese speaking clients to receive prompt assistance. These factors should be taken into consideration by potential investors, especially those outside of China, before engaging with Zhongcai Futures.

Pros Cons
- Established brokerage firm in China - Limited information available in English
- Specializes in futures trading - Restricted to Chinese markets
- Wide range of market instruments - Limited international customer support
- Multiple account types
- Availability of leverage
- Educational resources for traders

Market Instruments

Zhongcai Futures provides a diverse range of market instruments that are available for trading. These instruments include futures contracts based on various assets such as commodities (such as gold, oil, or agricultural products), currencies (such as USD, EUR, or JPY), indices (such as the Shanghai Composite Index or the S&P 500), and interest rates (such as government bond futures or interest rate swaps). This wide selection allows traders to participate in different market sectors and take advantage of various trading opportunities based on their investment strategies and preferences.

Account Types

The account types offered by Zhongcai include simulated trading, financial simulation, and formal account opening. The simulated trading account allows users to engage in virtual trading simulations to familiarize themselves with trading processes and market operations. The financial simulation account provides users with a simulated environment to practice and learn various financial activities.

The formal account opening process can be completed online by filling out the necessary information, while the physical presence at the branch is required for confirmation and signature, which can be done during the trading hours of 8:30 AM to 5:00 PM on business days.

account-types

How to Open an Account?

To open an account with Zhongcai Futures, you can follow these general steps:

  1. Visit the Zhongcai Futures website: Go to the official website of Zhongcai Futures, which is https://www.zcqh.com/.

  2. Navigate to the account opening section: Look for the “Open an Account” or a similar option on the website's homepage or navigation menu.

open-account

3. Fill out the account opening form: Click on the account opening link and you will be directed to an application form. Fill in the required information, such as your personal details, contact information, and any other requested information.

open-account

4. Submit the application: Once you have completed the form, review the information for accuracy and submit the application. Ensure that all required fields are properly filled.

5. Await verification and approval: After submitting the application, you will need to wait for the brokerage to verify and approve your account. This process may involve verification of your identity and may require you to provide supporting documents.

Leverage

Zhongcai Futures provides leverage for trading, allowing traders to amplify their exposure to the market. The specific leverage options may vary depending on the instrument and account type.

Spreads & Commissions

Details about spreads and commissions may vary, and it is advisable to refer to the official Zhongcai Futures website or contact their customer support for accurate and up-to-date information.

Trading Platform

Zhongcai Futures offers a variety of trading platforms to cater to different needs and preferences of investors. Here is a description of some of the trading platforms available:

  1. ESUNNY: ESUNNY is a key trading terminal developed by Zhongcai Information (ESUNNY) for global derivative trading. It provides fast, secure, and comprehensive access to derivative trading, allowing investors to enjoy high-end investment services. It offers domestic market depth data from Zhengzhou Commodity Exchange (CZCE), Shanghai Futures Exchange (SHFE), and Energy Center, as well as some international exchanges. It supports various order types and functionalities, including customizing arbitrage orders and multi-account management.

  2. Boyi Dashi 5.5.89.0: Boyi Dashi is a cloud trading platform that supports night trading, with continuous data flow between night and day sessions. The username and password for this platform are “zcqh” and it is the official software provided by Zhongcai Futures. It is important to download the software from the official channel to avoid fraudulent versions.

  3. Pro: The Pro Edition of Wu Xian Yi provides a professional trading platform with support for multiple account logins, batch order placement, customizable layouts with multiple windows and screens, and smooth operation. It covers a wide range of trading strategies, including short-term trading advantages, grid strategies, algorithmic trading, spread trading, options strategies, Python quantification, and real-time export of market and position data to Excel.

  4. wh6: This PC version trading software requires a minimum of 8GB RAM and a CPU with 4 threads (4 logical processors). It offers various features, including self-configurable pages and layouts, making it suitable for professional traders.

  5. Q7V2 and Q7V3: These are online trading platforms provided by Zhongcai Futures. They offer fast and convenient online trading services.

  6. Yisheng 8.3: This trading software is designed for clients using the Yi Sheng mini-system. It can be downloaded through the Yi Sheng mini-system client and using this client will disable CTP Chairman's opening trading authorization.

  7. MC (MultiCharts 64-bit): MC is a trading platform that offers various features and tools for advanced traders.

trading-platform

Deposit & Withdrawal

To deposit funds into your Zhongcai Futures account, you can transfer money from your linked bank account to your futures account. There are no specific restrictions on deposit amounts. To initiate a deposit, you need to follow the designated bank transfer methods provided by Zhongcai Futures. Make sure you have completed the necessary procedures for linking your bank account with your futures account as specified by the respective bank. This typically involves signing the “Bank-Futures Transfer Agreement.” Once the funds are transferred, they will be available for trading and investment purposes in your Zhongcai Futures account.

When it comes to withdrawals, there are certain limitations in place. The maximum amount you can withdraw per transaction is 1 million RMB. If you need to withdraw an amount exceeding this limit, you should contact Zhongcai Futures at 021-68866166 and request authorization. By default, a balance of 1,001 RMB is kept in your account. If you have no trading activity for the day and wish to withdraw the entire balance, you will need to contact Zhongcai Futures at 021-68866166 to request authorization. It's important to note that these withdrawal procedures may be subject to change, so it's advisable to reach out to Zhongcai Futures or refer to their official documentation for the most up-to-date information and any additional requirements.

Customer Support

Zhongcai Futures offers comprehensive customer support services to ensure that clients receive prompt assistance and guidance. Their national customer service hotline, accessible at 4008880958, serves as a primary channel for clients across the country to seek support regarding their futures trading accounts, account management, and general inquiries. In addition to the national customer service hotline, Zhongcai Futures' branch offices located throughout the country play a crucial role in providing market-specific support. Clients can visit the Zhongcai Futures website to obtain detailed contact information for each branch office, allowing them to directly connect with the branch that serves their specific region. This optimization ensures that clients receive localized and efficient support tailored to their needs.

customer-support

Educational Resources

Zhongcai Futures offers a comprehensive range of educational resources on their official website to support investor education. These resources include the research center, Zhongcai Research, which provides in-depth analysis and reports on market trends. The daily morning report offers a concise overview of market movements and important news, while the intraday commentary provides real-time analysis throughout the trading day. The futures weekly report offers a comprehensive review of market performance and forecasts for the upcoming week. Additionally, research reports cover various aspects of futures trading, including financial and commodity futures, trading systems, regulations, settlement procedures, and delivery processes. The futures knowledge section provides educational materials on different contract varieties, trading systems, rules and procedures, settlement, delivery, and contract specifications. Overall, these educational resources aim to equip investors with valuable knowledge and insights to enhance their understanding of futures trading and make informed investment decisions.

educational-resources

Conclusion

Zhongcai Futures is a well-established brokerage firm in China that specializes in futures trading. With a strong regulatory oversight and a range of market instruments, they offer multiple account types and leverage options. Traders can access various trading platforms and benefit from comprehensive customer support. While primarily focused on the Chinese market, Zhongcai Futures provides educational resources to enhance traders' knowledge. It is important for potential investors to carefully consider their specific needs and conduct thorough research before engaging with Zhongcai Futures, especially if they are outside of China.

FAQs

Q:How do I open an account with Zhongcai Futures?

A:Visit their website and complete the account opening process as instructed.

Q:What can I trade with Zhongcai Futures?

A:Futures contracts on commodities, currencies, indices, and interest rates.

Q:What leverage options are available?

A:Leverage options vary depending on the instrument and account type.

Q:Which trading platforms does Zhongcai Futures offer?

A:ESUNNY, Boyi Dashi, Wu Xian Yi, MC (MultiCharts 64-bit), among others.

Q:How can I contact customer support?

A:Call the national hotline, 4008880958, or find branch office contact information on their website.

Broker Information

Company Name

中财期货有限公司

Company Abbreviation

ZHONGCAI FUTURES

Regulatory Status

Regulated

Platform registered country and region

China

Company website
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  • 上海市浦东新区陆家嘴环路958号23楼

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