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SHZQ FUTURES

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

http://www.shcifco.com/

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Rating Index

Influence

Influence

C

Influence index NO.1

China 3.68

Surpassed 100.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

http://www.shcifco.com/
上海市浦东新区世纪大道1701号中国钻石交易中心13B

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SHZQ FUTURES · Company Summary

Risk Warning

Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.

General Information

SHZQ FUTURES Review Summary
Founded 1995
Registered Country/Region China
Regulation CFFEX
Market Instruments futures
Customer Support telephone

What is SHZQ FUTURES?

SHZQ FUTURES is a future-brokerage firm known for its comprehensive offerings across various asset classes. As a regulated entity under CFFEX (China Financial Futures Exchange), the company provides a range of trading instruments, including metals, steel products, commodities, and energy-related assets. With a physical address in Shanghai and accessible customer service via telephone, SHZQ FUTURES aims to offer clients reliable support and a seamless trading experience.

SHZQ FUTURES' home page

Pros & Cons

Pros Cons
• Regulated by CFFEX • No live chat support
• Diverse range of trading instruments • Limited payment options
• Many years' industry experience

SHZQ FUTURES Alternative Brokers

There are many alternative future-brokers to SHZQ FUTURES depending on the specific needs and preferences of the trader. Some popular options include:

  • GF Futures - A prominent futures-brokerage firm that operates in the financial industry. As a reputable entity, GF Futures offers a wide range of trading services and instruments, catering to various asset classes and investment needs.

  • Huishang Futures - A well-established futures-brokerage firm that operates in the financial sector. With a strong presence in the industry, Huishang Futures offers a diverse range of trading services and instruments across different asset classes.

  • Bohai Futures - A reputable and established futures-brokerage firm operating in the financial market. With a focus on innovation and client-centered solutions, the company provides traders and investors with access to a wide range of futures markets, enabling them to make informed decisions and manage their investments effectively.

Is SHZQ FUTURES Safe or Scam?

SHZQ FUTURES is regulated by CFFEX (China Financial Futures Exchange), which is a legitimate and recognized financial regulatory authority in China. However, it is essential to note that while the presence of a regulation and diverse trading instruments are positive aspects, they do not guarantee that SHZQ FUTURES is entirely safe. To make an informed decision about whether SHZQ FUTURES is safe or a potential scam, it is essential to conduct thorough research, consider all available information, and exercise caution when dealing with any financial service provider. Consulting with financial experts or regulatory authorities can also provide additional insights.

regulated CFFEX license

Market Instruments

SHZQ FUTURES is a future-brokerage firm known for its extensive range of trading instruments, catering to diverse asset classes. These offerings encompass a wide spectrum of commodities and metals, making it an attractive platform for traders and investors looking to diversify their portfolios.

Within the metals category, SHZQ FUTURES provides futures contracts for copper, aluminum, zinc, lead, nickel, and tin. These industrial metals are crucial components in various sectors, such as construction, manufacturing, and electronics, making them sought-after commodities in the global market.

In addition to metals, the firm also offers futures contracts for steel products, including rebar and wire rod. Rebar, a vital construction material used to reinforce concrete structures, remains in high demand as infrastructure projects continue to grow worldwide. Meanwhile, wire rod, a semi-finished product, serves as a foundation for manufacturing numerous wire-based products, further bolstering the firm's diverse offerings.

How to open a Futures Account

Please gather your original ID card and bank card from any of the following institutions before opening an account: Industry, Agriculture, China, Construction, Communications, Industrial, Minsheng, Everbright, Shanghai Pudong Development Bank, China Merchants Bank, CITIC, and Ping An. Also, please prepare these documents before opening an account. With a black fountain pen, sign your name. Once everything is prepared, begin the account opening process.

Click “Futures Account Opening” on the Account Opening Cloud APP after opening Shanghai Interim Futures Company No.: 0156. If the system prompts “This cell phone number has opened a futures account, and cannot be used again to open an account operation,” enter the cell phone number to log in. It demonstrates that the client may immediately conduct further business activities or get in touch with the futures company for offline consultations after opening a futures account using this mobile phone number.

Deposits & Withdrawals

The deposit and withdrawal process of SHZQ FUTURES is facilitated through bank transfer, providing a secure and convenient method for clients to manage their funds.

To deposit funds into their trading accounts, clients can initiate a bank transfer from their personal bank accounts to SHZQ FUTURES' designated bank accounts. The official website of SHZQ FUTURES typically provides information about the specific banks and branches where clients can transfer their funds. For example, banks like ICBC (Industrial and Commercial Bank of China) may have dedicated sub-branches that cater to futures-related transactions, such as the ICBC Shanghai Putuo Zhongshan Sub-branch, ICBC Dalian Commodity Exchange Sub-branch, and ICBC Zhengzhou Future Sub-branch, etc.

It's important to note that the specific details and procedures for deposit and withdrawal may vary, and clients should refer to SHZQ FUTURES' official website or contact their customer support for precise and up-to-date instructions on managing their funds. The company's commitment to using reputable banks for these transactions helps ensure a reliable and transparent financial experience for their clients.

bank details

Customer Service

SHZQ FUTURES prides itself on providing exceptional customer service, offering clients a convenient and reliable channel to address their inquiries and concerns. For immediate assistance, clients can reach the dedicated customer service team via telephone at the toll-free number 400-670-9898. With a focus on accessibility and responsiveness, customer service representatives are available during regular business hours, ensuring clients receive timely support from Monday to Friday.

The zip code is 200122.

The address is Room 13B, China Diamond Exchange Center, No. 1701, Century Avenue, Pudong New District, Shanghai.

contact details

Conclusion

In conclusion, SHZQ FUTURES appears to be a legitimate future-brokerage firm, operating under the regulation of CFFEX and offering a diverse range of trading instruments. The presence of a regulatory body adds a layer of oversight, suggesting a level of compliance and accountability. Additionally, the firm's provision of customer service via telephone and a physical address demonstrates its commitment to maintaining open channels of communication with clients.

However, to make an informed decision, further research is necessary. The absence of client reviews and limited information on financial stability, additional regulations, security measures, and legal documentation leaves some aspects unanswered. As with any financial service provider, it is essential for potential clients to conduct thorough due diligence, consider all available information, and exercise caution when engaging with SHZQ FUTURES or any brokerage firm. Seeking advice from financial experts and regulatory authorities can provide valuable insights to ensure a safe and trustworthy trading experience.

Frequently Asked Questions (FAQs)

Q1: Is SHZQ FUTURES regulated?

A1: Yes, SHZQ FUTURES is regulated by CFFEX (China Financial Futures Exchange), a recognized financial regulatory authority in China.

Q2: What types of trading instruments does SHZQ FUTURES provide?

A2: SHZQ FUTURES offers a diverse range of trading instruments, including metals like copper, aluminum, zinc, lead, nickel, and tin, as well as steel products like rebar and wire rods. They also provide commodities like hot rolled coil, gold, silver, natural rubber, petroleum pitch, and bleached kraft softwood pulp.

Q3: How can clients contact customer service at SHZQ FUTURES?

A3: Clients can contact customer service at SHZQ FUTURES via telephone at the toll-free number 400-670-9898.

Broker Information

Company Name

上海中期期货股份有限公司

Company Abbreviation

SHZQ FUTURES

Regulatory Status

Regulated

Platform registered country and region

China

Company website
Phone of the company

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Company address
  • 上海市浦东新区世纪大道1701号中国钻石交易中心13B

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Customer Service Email Address

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Company Summary

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FX1311593222
more than one year
The website of SHZQ FUTURES can no longer be opened. But it looks like a reliable company with a Chinese regulatory license and a high rating...I am really confused. Is it a scam company?
2023-03-06 16:29
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