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
What is NEW CENTURY FUTURES？
NEW CENTURY FUTURES is a futures exchange that offers a diverse array of trading products, including index futures and bond futures. Notably, it operates under the regulatory oversight of CFFEX (China Financial Futures Exchange), adding a layer of credibility to its operations.
Pros & Cons
NEW CENTURY FUTURES Alternative Brokers
There are many alternative brokers to NEW CENTURY FUTURES depending on the specific needs and preferences of the trader. Some popular options include:
TD Ameritrade - Known for its user-friendly platforms, TD Ameritrade offers a wide selection of futures products, educational resources, and strong customer support.
AMP Global - A futures broker with competitive commission rates and access to multiple futures exchanges around the world.
QIANHAI FUTURES - Qianhai Futures is a prominent futures brokerage firm based in Qianhai, a special economic zone located in Shenzhen, China. As a comprehensive financial institution, Qianhai Futures specializes in offering futures trading and related services to both institutional and individual clients.
Is NEW CENTURY FUTURES Safe or Scam？
On the positive side, the company is regulated by CFFEX (China Financial Futures Exchange, License No.0100), which indicates a level of oversight and adherence to regulatory standards. However, it's important to note that having a regulatory license does not necessarily guarantee the legitimacy or safety of a financial institution.
The presence of a reported scam related to NEW CENTURY FUTURES raises significant red flags. While this single report should not be taken as conclusive evidence, it does highlight a potential risk.
It is essential to thoroughly research and verify the legitimacy of the company, especially when considering financial transactions or investments. This may involve further investigation into the reported scam, seeking out additional user reviews, and confirming the accuracy of the provided contact details.
Products
NEW CENTURY FUTURES is a futures exchange offering a diverse range of trading products designed to cater to the evolving needs of investors and traders.
Among its notable offerings are CSI 300 Index Futures, providing a platform for participants to speculate on the performance of China's top 300 stocks. Additionally, SSE 50 Index Futures allow traders to engage with the Shanghai Stock Exchange's 50 most prominent stocks. The exchange further extends its product portfolio with CSI 500 Index Futures, providing exposure to a broader spectrum of Chinese equities. Complementing these equity-based instruments, NEW CENTURY FUTURES offers 5-Year Treasury Bond Futures, catering to those seeking to manage interest rate risks. Notably, the inclusion of CSI 1000 Stock Index Futures demonstrates the exchange's commitment to innovation and adaptability, providing traders with opportunities linked to a wider array of stocks.
Trading Platforms
NEW CENTURY FUTURES provides an array of robust trading platforms tailored to meet the diverse preferences of its clients.
Among these options is the New Century Futures Express Chairman + Second Seat v2, a platform renowned for its efficiency and user-friendly interface. This version offers seamless trading experiences without market charts, ideal for those seeking a streamlined approach. Complementing this, the New Century Futures Express Chairman + Second Seat v3 continues the tradition of user-centered design, delivering a refined trading environment without market charts.
For traders desiring a more comprehensive experience, the Winsun cloud market trading software HD version (wh6) stands out as a premium choice. This sophisticated platform goes beyond basic trading, providing advanced market charts and analytics for informed decision-making. Its high-definition features empower traders to delve deeper into market trends, enabling a more comprehensive understanding of trading dynamics.
In essence, NEW CENTURY FUTURES' trading platforms are designed to accommodate varying levels of trading sophistication, ensuring accessibility and flexibility for all types of traders, from those seeking simplicity to those demanding in-depth analysis.
Deposits & Withdrawals
At present, the company mainly adopts the bank-futures transfer method to deposit and withdraw funds, and adopts the manual deposit and withdrawal method for customers who have not handled the bank-futures transfer in time.
Customers may deposit and withdraw money extremely easily via the company's trading system interface or internet banking. The default reserve money is 100 yuan, the daily withdrawal limit is 5 million, the single withdrawal limit is 5 million, and the number of single-day withdrawals is 3. Before transferring money, you must phone the company's transaction risk control department (Tel: 0571-85157007) to validate the risk. This is especially important if you need to withdraw funds that have been set aside or if the amount of money taken out by clients holding positions exceeds 70% of the amount that is now in the useable book.
The daily withdrawal and transfer time is 09:00-16:00.
Customer Service
The hotline, accessible at 400-700-2828, serves as a direct and efficient means of communication, allowing clients to address their inquiries, concerns, or technical issues promptly.
Additionally, the company's email support at zjxsjqh@vip.126.com provides a convenient alternative for clients who prefer written correspondence.
Conclusion
In summary, NEW CENTURY FUTURES presents a mixed picture for potential investors and traders. While it offers a variety of trading products and demonstrates a commitment to customer service, caution is advised due to the reported scam incident. The regulatory oversight by CFFEX is a positive aspect, yet the presence of a reported scam related to NEW CENTURY FUTURES raises significant red flags raises important questions. Anyone considering engagement with NEW CENTURY FUTURES should conduct thorough due diligence, seek additional reviews, and consider consulting financial professionals to make informed decisions and mitigate potential risks.
Frequently Asked Questions (FAQs)
Q1: Is NEW CENTURY FUTURES regulated？
A1: Yes, NEW CENTURY FUTURES is regulated by CFFEX (China Financial Futures Exchange).
Q2: How does NEW CENTURY FUTURES facilitate fund deposits and withdrawals？
A2: NEW CENTURY FUTURES primarily employs the bank-futures transfer method for fund deposits and withdrawals. Clients who have not performed bank-futures transfers on time can use the manual deposit and withdrawal process.
Q3: What are the customer service options provided by NEW CENTURY FUTURES？
A3: NEW CENTURY FUTURES offers customer service through a hotline (400-700-2828) and email (zjxsjqh@vip.126.com).
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