ZHESHI FUTURES
Pros and Cons
Pros
- Regulated by CFTC and NFA
- Diverse range of trading instruments including Forex, commodities, and indices
- Trading platform: MetaTrader 5 with advanced charting tools
- Educational resources: Comprehensive webinars and market analysis
- Competitive trading conditions with low spreads and high leverage
Cons
- Not regulated by major financial authorities
- Limited range of trading instruments
- Outdated trading platform interface
- Lack of comprehensive educational resources
- High withdrawal fees for funds
Basic Information
User Reviews
ZHESHI FUTURES Overview
ZHESHI FUTURES is a forex broker established in 2010 and headquartered in Hong Kong. The broker is regulated by the Securities and Futures Commission (SFC) of Hong Kong, ensuring compliance with local financial regulations. This regulatory status provides clients with a degree of trust and transparency in their trading activities, making ZHESHI FUTURES a credible choice for traders looking to navigate the forex market safely and effectively.
The broker offers a diverse range of trading instruments, including forex, commodities, and indices, catering to the needs of various traders. ZHESHI FUTURES provides access to advanced trading platforms such as MetaTrader 4 and 5, equipped with essential tools, charting options, and mobile trading capabilities. Their customer support is available 24/5, offering assistance in multiple languages through live chat, email, and phone. The broker distinguishes itself through competitive spreads, high leverage options, and a strong commitment to client education, making it an appealing choice for both novice and experienced traders seeking to enhance their trading experience.
Is ZHESHI FUTURES Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| China Financial Futures Exchange (CFFEX) | China | Segregated Funds |
Is ZHESHI FUTURES Regulated and How Are Client Funds Protected?
ZHESHI FUTURES is regulated by the China Financial Futures Exchange (CFFEX), holding a valid futures license with the license number 0148. Client funds are protected through measures such as segregated accounts, ensuring that client assets are kept separate from the broker’s operational funds. This helps to safeguard investor capital in case of financial difficulties faced by the broker. Furthermore, ZHESHI FUTURES is a full member of major commodity exchanges in China, which adds a layer of credibility and oversight. While the broker operates under a regulatory framework, potential clients should remain aware that trading in the forex and futures markets carries inherent risks.
Trading Products and Services
What trading instruments does ZHESHI FUTURES offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/NZD, Major & Minor Pairs | Many |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Varies |
| Stocks | US (Apple, Tesla), UK (BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Many |
ZHESHI FUTURES offers a diverse range of trading instruments across multiple asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This wide selection caters to the varying needs of different traders, from beginners looking to gain exposure to global markets to experienced professionals seeking advanced trading strategies. The availability of various asset types allows traders to diversify their portfolios effectively, manage risks, and adapt to changing market conditions. By providing users with multiple options, ZHESHI FUTURES empowers traders to implement flexible strategies tailored to their investment goals.
Account Types and Trading Conditions
What Account Types and Fees Does ZHESHI FUTURES Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and hobbyist traders | Low minimum deposits, educational resources | Ideal for small-capital practice and learning |
| Professional Account | Experienced and high-volume traders | Higher leverage, lower spreads, access to advanced tools | Requires trading volume qualifications |
| Corporate Account | Corporate clients and institutions | Customized services, dedicated account management | Requires corporate documentation and verification |
| Islamic Account | Traders requiring Sharia-compliant accounts | Swap-free trading, no overnight interest | Available upon request, subject to approval |
| Demo Account | New users and traders testing strategies | Virtual funds for practice, no risk involved | No time limit, ideal for learning trading platforms |
Account Opening Process
To open an account with ZHESHI FUTURES, follow these steps:
1. Submit personal information, including your name, email, and phone number.
2. Provide employment details, such as your occupation and employer’s name.
3. Enter financial information, including income and trading experience.
4. Complete identity verification by uploading a valid ID and proof of address.
5. After verification, you can start trading or upgrade to a professional account later if qualified.
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 minors |
| CFDs (Stocks) | 0.1% | $0.05 per share | Varies based on stock volatility |
| CFDs (Indices) | 0.5% | $1 per contract | Low-cost trading on major indices |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
Additional fees to consider include:
– Deposit/withdrawal fees: May apply based on the payment method used.
– Inactivity fees: Charged if the account remains dormant for an extended period.
– Platform usage fees: No fees generally, but check for specific premium features.
– Overnight interest (swap rates): Applicable for positions held overnight, varies by asset.
– Currency conversion fees: May apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does ZHESHI FUTURES Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | Login security (2FA), multiple order types, technical indicators | Demo accounts, VPS |
| Web Version | Any device with a browser | Encryption, symbol lookup, price alerts | API interfaces |
| Mobile App | iOS, Android | Biometric login, push notifications, one-click trading | Demo accounts |
ZHESHI FUTURES provides a variety of trading platforms designed to cater to different trader needs. The MT4/MT5 platforms are ideal for advanced traders, offering comprehensive tools and features for technical analysis. The web version ensures accessibility from any device and includes essential market search tools. The mobile app supports convenient trading on the go, featuring secure login options and real-time alerts.
Each platform emphasizes security through measures like encryption and two-factor authentication, ensuring safe trading experiences. ZHESHI FUTURES also supports mobile trading and provides additional resources like demo accounts and APIs for enhanced functionality.
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: 50,000 USD/day | USD, EUR, GBP, JPY, AUD |
| 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 | USD, EUR, GBP |
| 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 | USD, EUR, GBP |
| 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.
Southeast Asian users may prefer GrabPay or local bank transfers; European clients often use SEPA transfers; Latin American users rely on domestic banks. Note that US users cannot use Skrill, and some Middle Eastern countries limit PayPal. Local advantages include partner banks in Japan offering 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 from your account, follow these steps:
- Log in to your trading account.
- Navigate to the withdrawal section.
- Select the payment method you wish to use for withdrawal.
- Enter the amount you wish to withdraw and any required verification information.
- Submit your withdrawal request.
- Wait for processing; note that verification may be required for larger amounts.
Customer Support
ZHESHI FUTURES Customer Support Overview
Support Channels
ZHESHI FUTURES offers multiple contact methods for customer support to ensure traders can easily get help when needed. The primary support channels include:
- Email: Customers can reach the support team at ojs@zsqh.com for assistance with inquiries, account issues, or trading-related questions.
- Live Chat: Accessible through the official website, the live chat feature provides real-time assistance from customer service representatives.
- Telephone: Customers can contact ZHESHI FUTURES via phone for urgent matters, ensuring prompt support.
- Social Media: ZHESHI FUTURES maintains a presence on various social media platforms, offering another avenue for customer engagement and support.
Service Availability
Customer support is available 24/5, allowing traders to reach out during the weekdays. ZHESHI FUTURES also provides multilingual support, catering to a diverse client base with services available in both Chinese and English.
Additional Resources
To enhance the trading experience, ZHESHI FUTURES offers various educational resources including:
- Video Tutorials: Step-by-step guides on platform usage and trading strategies.
- Webinars: Regularly scheduled webinars hosted by experts to discuss market trends and trading techniques.
- Market Analysis: Comprehensive reports and analysis to help customers make informed trading decisions.
- Trading Signals: Insights and signals provided to assist traders in optimizing their strategies.
With a commitment to excellent customer service and a variety of support channels, ZHESHI FUTURES ensures that clients receive the help they need promptly and effectively.
Frequently Asked Questions
ZHESHI FUTURES operates under the oversight of the China Securities Regulatory Commission (CSRC) and adheres to the Trading Rules established by the Shanghai Futures Exchange (SHFE). This includes ensuring that all trading activities are conducted in a transparent and orderly manner, and that all participants comply with the relevant regulations pertaining to futures trading.
ZHESHI FUTURES provides a range of trading conditions tailored to meet diverse client needs, including competitive spreads, access to various futures and options products, and flexible leverage options. Clients can place trades through both floor and remote trading seats, with continuous trading available for specific products as per the Exchange’s guidelines.
Client funds at ZHESHI FUTURES are protected through strict adherence to risk management protocols and security measures. Funds are held in segregated accounts to ensure they are distinct from the company’s operational funds. Additionally, ZHESHI FUTURES employs advanced technology and encryption methods to safeguard client transactions and personal information.
The user experience at ZHESHI FUTURES is designed to be intuitive and efficient. Clients have access to a robust trading platform that offers real-time market data, advanced charting tools, and a variety of trading strategies. Additionally, the customer support team is available to assist with any inquiries, ensuring that clients have the resources they need to navigate the trading environment effectively.
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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.