Founder Cifco Futures
Pros and Cons
Pros
- Regulated by the China Financial Futures Exchange
- Diverse trading instruments including commodities, options, and futures
- Multiple trading platforms like Quick Period V2 and V3
- No deposit limits and flexible withdrawal options
- Advanced trading tools and market analysis features
Cons
- Not regulated by major authorities outside China
- Limited trading instruments (focus primarily on futures)
- Complex fee structure with variable costs
- No widely recognized trading platform support (e.g., MetaTrader)
- Withdrawal limits and restrictions on transaction amounts
Basic Information
User Reviews
Founder Cifco Futures Overview
Founded in 2007 and headquartered in Beijing, China, Founder Cifco Futures is a regulated broker specializing in futures trading. Regulated by the China Financial Futures Exchange, they hold a license number of 0167, ensuring compliance with local financial regulations. This regulatory status provides a layer of trust for traders seeking a credible platform for their trading activities, particularly in the futures market.
Is Founder Cifco Futures Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| China Financial Futures Exchange | China | Segregated Funds |
Is Founder Cifco Futures Regulated and How Are Client Funds Protected?
Founder Cifco Futures is regulated by the China Financial Futures Exchange, which is a recognized authority in the region. The broker’s license number is 0167, confirming its compliance with local regulations. Client funds are protected through the use of segregated accounts, ensuring that traders’ capital is kept separate from the broker’s operational funds. This regulatory oversight and fund segregation contribute to a safer trading environment for investors. Additionally, the broker offers a variety of trading instruments and platforms, enhancing the overall trading experience while adhering to industry standards.
Trading Products and Services
What trading instruments does Founder Cifco Futures offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/NZD | Many |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Many |
| Stocks | Apple, Tesla, BP, Vodafone | Varies |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Many |
Founder Cifco Futures offers a diverse range of trading tools and financial products, catering to various types of traders. With offerings in Forex, commodities, indices, stocks, and cryptocurrencies, the platform allows for extensive portfolio diversification and flexible trading strategies. This diversity is beneficial for both beginners looking for simple trading options and professional traders seeking complex instruments for market analysis and investment strategies. By supporting multiple asset categories, Founder Cifco Futures empowers users to adapt their trading approaches to current market conditions, ultimately enhancing their trading experience and potential for profitability.
Account Types and Trading Conditions
What Account Types and Fees Does Founder Cifco Futures Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and small investors | Low minimum deposit, user-friendly platform | Ideal for those starting out in trading |
| Professional Account | Experienced traders | Higher leverage, access to advanced trading tools | Requires proof of trading experience and volume |
| Corporate Account | Corporate clients | Customizable trading solutions, dedicated support | Requires corporate documentation and verification |
| Islamic Account | Traders seeking Sharia-compliant options | Swap-free, tailored for Muslim traders | Available upon request, subject to terms |
| Demo Account | All levels of traders | Practice trading without financial risk | Accessible to anyone; ideal for testing strategies |
Account Opening Process
To open an account with Founder Cifco Futures, traders must follow a systematic process. First, they need to submit personal information, which typically includes name, address, and contact details. Next, employment information, such as current job status and income, is required to assess the applicant’s financial background. Financial information, including income sources and trading experience, must also be provided.
Identity verification is a crucial step in this process. Applicants will need to provide a valid ID and proof of address, such as a utility bill or bank statement. Once the application is submitted and reviewed, traders may have the flexibility to upgrade their accounts, for instance, from a Retail to a Professional Account, as their trading experience and volume increase.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for majors |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive spreads for GBP pairs |
| CFDs (Stocks) | 0.1% | $0.01 per share | Low-cost trading on popular stocks |
| CFDs (Indices) | 0.5% | $0 | Flat fee structure for indices |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market volatility |
Other Fees
Traders should be aware of additional fees that may apply when using Founder Cifco Futures. There are typically deposit and withdrawal fees associated with transactions, although specific amounts may vary. Inactivity fees may be charged if an account remains dormant for an extended period. Additionally, platform usage fees could apply for advanced trading tools or services, depending on the account type.
Overnight interest, also known as swap rates, is applicable for positions held overnight, and traders should consider this in their trading strategy. Finally, currency conversion fees may apply for trades involving different currencies, which can affect overall trading costs.
Trading Platforms and Apps
What Trading Platforms and Apps Does Founder Cifco Futures Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS, iOS, Android | 2FA, multiple order types, symbol lookup, technical indicators | Demo accounts, API interfaces |
| Web Version | Any device with internet access | Encryption, one-click trading, price alerts | VPS services available |
| Mobile App | iOS, Android | Biometrics, push notifications, market search | Demo accounts |
Founder Cifco Futures offers a range of trading platforms catering to different trader needs. The MT4/MT5 platforms are suitable for advanced traders requiring comprehensive tools and features, while the web version provides a flexible trading solution accessible from any device. The mobile app enhances trading convenience, allowing users to manage trades and receive real-time alerts on the go. All platforms prioritize security with features like two-factor authentication and encryption, ensuring a safe trading environment.
Each platform supports efficient market search capabilities and quick order execution, enhancing the trading experience. Overall, Founder Cifco Futures provides robust support for mobile trading and a variety of additional services to enhance user engagement.
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 (USD 15-30 for international wires) | Min Deposit: 100 USD, Max Withdrawal: 5,000,000 CNY/day | CNY, USD, EUR |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 1-3 days (after verification) | No platform fees, but cash advance fees may apply | Min Deposit: 100 USD, Max Withdrawal: 10,000 USD/transaction | CNY, USD, EUR |
| E-wallets (PayPal, Skrill, Neteller) | Deposit: Instant, Withdrawal: Same day | No platform fees, but e-wallet fees may apply (1-2%) | Min Deposit: 50 USD, Max Withdrawal: 10,000 USD/transaction | CNY, USD, EUR |
| Local Payment Methods (GrabPay, FasaPay, POLi, etc.) | Deposit: Instant, Withdrawal: 1-2 days | No platform fees, but local fees may apply | Min Deposit: 10 USD, Max Withdrawal: Varies by method | Supports local currencies |
Withdrawals must return to the original payment method due to anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring traceable fund flows. First-time large withdrawals (typically over 2,000 USD) require identity documents (passport) and address proof (utility bill), with additional scrutiny for suspicious transactions.
Payment methods may vary by region; for instance, Southeast Asian users may prefer GrabPay or local bank transfers, while European clients often use SEPA transfers. Certain payments like Skrill are not available to US users, and some Middle Eastern countries limit PayPal. Partner banks in Japan may offer zero-fee transfers.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Prioritize e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Use bank transfers or SEPA 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, and enter the amount. Ensure your account is verified to avoid delays. Withdrawals typically occur during trading hours, and you may need to submit identity verification documents for larger amounts.
Customer Support
Founder Cifco Futures Customer Support Overview
Support Channels
- Email: Customers can reach out via email for detailed inquiries and support requests.
- Live Chat: Instant help is available through the live chat feature on the website, providing quick and efficient customer service.
- Telephone: Users can contact support directly at 010-85881183 or 400-880-2277 for immediate assistance.
- Social Media: Follow Founder Cifco Futures on social media platforms for updates and customer interaction.
Service Availability
Customer support is available 24/5, ensuring that clients can get help during trading hours. Multilingual support is also offered, with assistance available in both Chinese and English to cater to a diverse clientele.
Additional Resources
- Video Tutorials: A collection of educational video content is provided to help traders understand the platform and its features.
- Webinars: Regular webinars are conducted to discuss market trends and trading strategies, enhancing customer knowledge and skills.
- Market Analysis: Clients can access comprehensive market analyses, helping them make informed trading decisions.
- Trading Signals: Subscribers can receive trading signals that assist in identifying potential trading opportunities.
With a strong commitment to customer satisfaction, Founder Cifco Futures ensures that clients receive prompt and effective support, allowing them to focus on their trading activities with confidence.
Frequently Asked Questions
Yes, Founder Cifco Futures is regulated by the China Financial Futures Exchange. It holds a valid futures trading license with license number 0167, ensuring compliance with local regulatory standards and providing a level of security for traders.
Founder Cifco Futures offers a variety of trading conditions depending on the instruments being traded. It supports a range of products including agricultural commodities, financial futures, and options. The trading fee structure varies, with commissions typically being 0.03% of the transaction amount for ETFs, alongside a minimum fee for smaller transactions.
Funds deposited with Founder Cifco Futures are secured as the company is regulated and adheres to strict financial standards. Additionally, there are various deposit and withdrawal methods available, ensuring ease of access to your funds while maintaining high security.
Founder Cifco Futures provides a range of trading platforms, including Quick Period V2 and V3, which are designed to meet the needs of various traders. These platforms offer advanced features like custom order placements and market analysis tools, aimed at enhancing the overall user experience.
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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.