Overview of GUANGZHOU FINANCE
GUANGZHOU FINANCE is a prominent futures brokerage firm based in China. The firm offers a wide range of financial services and market instruments. With a focus on providing professional and secure trading experiences, GUANGZHOU FINANCE adheres to strict regulatory standards and promotes investor education to mitigate trading risks.
The firm's website and mobile applications provide easy access to its services, making it convenient for traders to manage their investments.
Regulatory Status
GUANGZHOU FINANCE is authorized and regulated by the China Financial Futures Exchange (CFFEX), with registration number 0318.
Pros and Cons
This broker offers several advantages for potential clients. Firstly, it is licensed and regulated by the CFFEX, indicating a commitment to following strict financial regulations. Additionally, the broker boasts a user-friendly trading platform, excellent customer service support, and access to a wide range of market instruments. They also provide diverse educational resources, which can be helpful for both new and experienced traders.
However, there are also some areas where the broker could improve transparency. There is a lack of detailed information readily available on their website regarding account types and the specific tradable securities offered. This lack of clarity can make it difficult for potential clients to understand the options available to them and make informed decisions.
Market Instruments
GUANGZHOU FINANCE offers a diverse range of market instruments, primarily focusing on futures contracts. These instruments include commodities such as metals, energy, agricultural products, and financial futures. The firm provides access to major futures exchanges, allowing clients to trade a variety of contracts.
GUANGZHOU FINANCE offers futures contracts on various metals, including: Gold (au), Silver (ag), Copper (cu), Aluminum (al), etc. Energy futures available through GUANGZHOU FINANCE include: Crude Oil (sc), Fuel Oil (fu), etc.
The firm provides futures contracts on several agricultural commodities, such as: Soybeans (a, b), Corn (c), Wheat (wh), Cotton (cf), etc. GUANGZHOU FINANCE also offers financial futures, including: Stock Index Futures (IF, IH, IC) and Government Bond Futures (T, TF, TS, TL).
Account Opening Process
To open an account with this brokerage, both individuals and institutions need to provide specific documentation. For individuals, a valid government-issued ID and a bank debit card from a designated bank are required. The convenient part is that individuals can complete the account opening process online.
Institutional clients, however, have more stringent requirements. They must submit copies of their business license, organization code certificate, tax registration certificate, banking license, and the ID cards of key personnel. All documents need to be stamped with the company seal. Unlike individuals, institutional clients cannot open accounts online at this time.
Once the account is opened, both individuals and institutions need to activate the bank-to-brokerage account transfer function to facilitate deposits and withdrawals. This can be done either at a bank branch or through personal online banking, depending on the client type. And the service hours for activating this function are limited to 9:00 AM to 4:00 PM.
Trading Fees
GUANGZHOU FINANCE employs both fixed and variable fee structures for its trading services. Fixed fees remain constant regardless of price fluctuations, such as the 3 yuan per contract fee for PTA futures on the Zhengzhou Commodity Exchange. Variable fees, on the other hand, are calculated based on factors like the contract price, trading unit, and a specific fee rate.
For instance, the fee for rebar futures on the Shanghai Futures Exchange is 1% of the contract value. GUANGZHOU FINANCE has also published a fee schedule for 2024, which includes additional charges on top of exchange fees. For each transaction, delivery, or exercise of an option, Guangjin Futures adds a fee that is three times higher than the fee charged by the exchange.
Trading Platforms
GUANGZHOU FINANCE offers a range of trading platforms to cater to different trading styles and preferences. The primary platform is the GUANGZHOU FINANCE Web Trading platform, which provides a diverse suite of tools and features for online trading. The platform is accessible via web browsers and offers real-time market data, advanced charting tools, and customizable trading interfaces.
For mobile traders, GUANGZHOU FINANCE provides a mobile trading app available for both iOS and Android devices. The app offers similar functionality to the web platform, allowing clients to trade on the go, monitor their portfolios, and access market news and analysis. The mobile app is user-friendly and designed to provide an effortless trading experience.
Deposit and Withdrawal
GUANGZHOU FINANCE offers bank transfer services for clients to move funds between their bank accounts and futures margin accounts. Deposits have no limit on frequency or amount, while withdrawals are capped at 3 times per day and 5 million CNY total. On trading days, clients with open positions or recent trades can withdraw 80% of their available funds, while those without positions or trades can withdraw 100%. There's a formula to calculate available withdrawal amounts, and exceeding daily limits requires contacting customer service beforehand.
Customer Support Options
GUANGZHOU FINANCE prides itself on providing excellent customer service. Clients can reach the support team through various channels, including email(khfw@gzjkqh.com) and phone(400-930-7770). The customer service team is responsive and knowledgeable, assisting clients with any issues they may encounter. This high level of support ensures that clients can resolve their problems efficiently and continue trading with minimal disruptions.
Educational Resources
GUANGZHOU FINANCE is committed to providing educational resources to help clients improve their trading skills and knowledge. The firm offers a extensive range of educational materials, including articles, tutorials, webinars, and video courses. These resources cover various topics, such as future basics, laws and regulations, investor protection, management column, etc. The GUANGZHOU FINANCE Investor Education Center is a dedicated section on the website where clients can access these resources.
Conclusion
GUANGZHOU FINANCE is a well-established brokerage firm offering a diverse range of financial services and market instruments. With user-friendly trading platforms, extensive educational resources, and strong customer support, GUANGZHOU FINANCE ensures a effortless trading experience for its clients. However, clients should be aware of the lack of detailed information on their website regarding account types and the specific tradable securities offered.
FAQs
Is GUANGZHOU FINANCE a safe broker to use？
Yes, GUANGZHOU FINANCE appears to be a safe broker. They are authorized and regulated by the China Financial Futures Exchange (CFFEX), indicating adherence to strict financial regulations.
What kind of trading platform does GUANGZHOU FINANCE offer？
GUANGZHOU FINANCE offers a web-based trading platform accessible through most browsers. They also have a mobile app available for iOS and Android devices, allowing you to trade on the go. Both platforms provide real-time market data, charting tools, and customizable interfaces.
Does GUANGZHOU FINANCE offer educational resources？
Yes, GUANGZHOU FINANCE provides a diverse Investor Education Center with various resources like articles, tutorials, webinars, and video courses. These cover a wide range of topics related to futures trading and investing.
How can I contact GUANGZHOU FINANCE customer support？
You can reach GUANGZHOU FINANCE customer support via email (khfw@gzjkqh.com) or phone (400-930-7770). Their team is known to be responsive and knowledgeable, assisting you with any trading-related issues.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
