GUOSEN FUTURES
Pros and Cons
Pros
- Regulated by CFFEX with Futures License No. 0113
- Diverse trading instruments including futures, commodities, and energy products
- Multiple trading platforms: desktop, mobile, and API access
- Strong customer support through various bank transfer methods
- Established presence with over 5 years in the industry
Cons
- Not regulated in major jurisdictions outside China
- No demo account available for practice trading
- Complex and time-consuming account opening procedures
- Outdated trading platform with slow execution
- Limited customer support contact channels
Basic Information
User Reviews
GUOSEN FUTURES Overview
GUOSEN FUTURES, established in 2008 and headquartered in Shanghai, China, is a regulated broker under the China Financial Futures Exchange (CFFEX), holding Futures License No. 0113. With over 15 years of industry experience, GUOSEN FUTURES has built a reputation for its compliance and reliability in the domestic trading market, offering a secure environment for its clients. The broker primarily focuses on futures trading, providing access to various asset classes, including commodities like gold, steel, and agricultural products, while maintaining a solid regulatory framework to ensure investor protection.
GUOSEN FUTURES offers a range of trading platforms, including proprietary software for desktop and mobile devices, which cater to the diverse needs of traders. While the broker does not provide a demo account, it compensates with advanced trading tools and extensive educational resources to assist traders in enhancing their skills. Customer support is available through limited channels, operating primarily during business hours. GUOSEN FUTURES sets itself apart with its strong market presence and commitment to regulatory standards, making it a credible choice for those interested in futures trading within the Chinese market.
Is GUOSEN FUTURES Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| China Financial Futures Exchange Co. Ltd. (CFFEX) | China | Segregated Funds |
Is GUOSEN FUTURES Regulated and How Are Client Funds Protected?
GUOSEN FUTURES is a regulated broker under the China Financial Futures Exchange (CFFEX), holding a Futures license (No. 0113). As a regulated entity, GUOSEN FUTURES is required to adhere to stringent compliance standards, which helps enhance investor confidence. Client funds are protected through measures such as segregated accounts, ensuring that client deposits are separated from the broker’s operational funds. This regulatory oversight is crucial for safeguarding investor interests, particularly in the volatile environment of futures trading. While GUOSEN FUTURES offers a range of trading platforms and instruments, potential clients should be aware that the account opening process can be lengthy and may require significant documentation. Overall, GUOSEN FUTURES can be considered a legit option for traders seeking a regulated environment in China’s futures market.
Trading Products and Services
What trading instruments does GUOSEN FUTURES offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Many |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Tesla, BP, Vodafone | Varies |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Varies |
GUOSEN FUTURES provides a diverse range of trading instruments that cater to various trader profiles, including beginners and experienced investors. By offering multiple asset categories such as Forex, commodities, indices, stocks, and cryptocurrencies, the platform supports flexible trading strategies and portfolio diversification. This variety allows traders to adapt their approaches based on market conditions and personal preferences, whether they focus on short-term trades or long-term investments. The extensive selection of products ensures that users can find suitable options to meet their trading goals while navigating the dynamic financial markets effectively.
Account Types and Trading Conditions
What Account Types and Fees Does GUOSEN FUTURES Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposit, user-friendly platform | Suitable for small-capital practice |
| Professional Account | Experienced traders and institutions | Higher leverage, tailored services | Requires trading volume qualifications |
| Corporate Account | Corporate clients and institutions | Custom solutions, multiple user access | Requires corporate documentation |
| Islamic Account | Traders needing swap-free conditions | Compliant with Sharia law | Not currently offered |
| Demo Account | New traders or those testing strategies | Practice trading without risk | No demo accounts are available |
Account Opening Process
To open an account with GUOSEN FUTURES, follow these steps:
1. Submit Personal Information: Register on the futures internet account opening cloud system via mobile or computer, and fill in your personal details.
2. Employment and Financial Information: Provide your employment and financial background as part of the application process.
3. Identity Verification: Upload required documentation including a valid ID and proof of address.
4. Assessment: Complete an assessment relevant to your chosen account type.
5. Documentation: Sign the necessary documents and apply for the corresponding exchange access.
6. Account Flexibility: Note that you can upgrade to a professional account later if your trading volume increases.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| CFDs (Stock Indices) | 1.5 | $5 per lot | Competitive rates for major indices |
| CFDs (Commodities) | 2.0 | $4 per lot | Includes options for metals and energy |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
Additional costs associated with trading at GUOSEN FUTURES include:
– Deposit/Withdrawal Fees: Standard bank transfer fees apply; check with your bank for specifics.
– Inactivity Fees: Applicable after a specified period of inactivity, typically charged monthly.
– Platform Usage Fees: None reported, offering free access to their trading platforms.
– Overnight Interest (Swap Rates): Charged for positions held overnight; rates vary by asset class.
– Currency Conversion Fees: Applicable for deposits and withdrawals in currencies other than RMB.
Trading Platforms and Apps
What Trading Platforms and Apps Does GUOSEN FUTURES Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Guosen Futures CTP—Boyi Cloud Trading Edition | Windows, macOS | 2FA, multiple order types, technical indicators | API interface |
| EasyStar 9.5 | macOS | Encryption, symbol lookup, price alerts | None |
| Guosen Futures Mobile App | iOS, Android | Biometric login, push notifications, one-click trading | Demo account not available |
GUOSEN FUTURES provides a range of trading platforms suitable for different trading needs. The Guosen Futures CTP—Boyi Cloud Trading Edition is ideal for desktop users seeking advanced features, while the EasyStar 9.5 targets macOS users with a streamlined interface. For on-the-go trading, the mobile app supports secure biometric logins and real-time alerts, ensuring convenient access to markets anytime. Each platform is designed with security measures, such as encryption and two-factor authentication, to safeguard user accounts. Overall, GUOSEN FUTURES offers flexible trading options across devices, emphasizing security and efficiency in order execution.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 1-3 days, Withdrawal: 2-5 days | Usually free, but banks may charge a fee (RMB 15-30 for international wires) | Min Deposit: 100 RMB, Max Withdrawal: 10 million RMB/day | RMB |
| Online Banking Transfer | Deposit: Instant, Withdrawal: 1-3 days | No platform fees, but possible third-party fees | Min Deposit: 100 RMB, Max Withdrawal: 10 million RMB/transaction | RMB |
| Over-the-Counter Transfer | Deposit: Instant, Withdrawal: 1-2 days | No platform fees, but local fees may apply | Min Deposit: 100 RMB, Max Withdrawal: 10 million RMB/transaction | RMB |
Withdrawals must return to the original payment method due to anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring traceable fund flows. For first-time large withdrawals (typically over 2,000 RMB), users must provide identity documents (passport) and address proof (utility bill), with additional scrutiny for suspicious transactions.
Southeast Asian users may prefer local banking options, while European clients often utilize SEPA transfers. Note that US users cannot use certain e-wallets, and some Middle Eastern countries limit payment options like PayPal. Local advantages may exist, such as zero-fee transfers offered by partner banks in Japan.
Cost Optimization Tips
- Small Deposits (<1,000 RMB): Prioritize e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 RMB): Use bank transfers for a lower total cost despite slower processing times.
- Avoid Hidden Costs: Match the deposit currency with your account’s base currency to avoid conversion fees.
- Multi-base Currency Accounts: Select brokers with several base currency options to minimize cross-currency fees.
How to Withdraw
To withdraw funds, log into your account, navigate to the withdrawal section, select your preferred payment method, enter the amount, and submit your request. Ensure you have completed all identity verification processes to avoid delays. Be aware that withdrawals will typically be subject to AML checks, and funds will be returned to the original payment method used for deposit.
Customer Support
GUOSEN FUTURES Customer Support Overview
Support Channels
GUOSEN FUTURES offers multiple contact methods to assist customers effectively.
- Email: Customers can reach support via email at gxqhts@guosen.com.cn, ensuring a detailed and documented communication channel.
- Live Chat: Quick inquiries can be addressed through the live chat feature on their website, providing instant support.
- Telephone: For immediate assistance, customers can call their support line at 400-86-95536 or 0755-22941888.
- Social Media: GUOSEN FUTURES maintains a presence on various social media platforms, allowing customers to engage and receive updates.
Service Availability
GUOSEN FUTURES provides customer support 24 hours a day, five days a week (24/5), ensuring assistance during trading hours.
They also offer multilingual support, primarily in Chinese and English, to cater to a diverse clientele.
Additional Resources
Customers can benefit from a variety of educational resources, including:
- Video Tutorials: Step-by-step guides to help users navigate the trading platform effectively.
- Webinars: Regularly scheduled webinars for market analysis and trading strategies.
- Market Analysis: Insightful reports and forecasts to assist traders in making informed decisions.
- Trading Signals: Alerts and signals to inform customers about potential trading opportunities.
GUOSEN FUTURES aims to enhance customer experience through reliable support and valuable resources, ensuring that clients receive the help they need.
Frequently Asked Questions
Yes, GUOSEN FUTURES is regulated by the China Financial Futures Exchange Co. Ltd. (CFFEX) and holds a futures license (License No. 0113), ensuring compliance with local regulations and providing a level of investor protection.
GUOSEN FUTURES offers a variety of trading platforms for futures, including commodities such as gold, steel, and energy products. However, it does not offer a demo account, and the account opening process can be time-consuming due to required assessments and documentation.
GUOSEN FUTURES follows stringent regulatory standards set by CFFEX, which includes measures to safeguard client funds. Additionally, the broker supports multiple secure transfer methods for deposits and withdrawals, including bank-futures transfers and online banking.
Customer support at GUOSEN FUTURES is available via phone and email. However, user feedback indicates that response times can be slow and support may sometimes be unresponsive. It is advisable to reach out to them directly for urgent inquiries.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.