FIRST CAPITAL is a futures broker registered in China in 2000. FIRST CAPITAL provides eight kinds of trading platforms for trading futures on renowned Chinese exchanges. The broker is legally regulated by the China Financial Futures Exchange (CFFEX).
Pros and Cons
Is FIRST CAPITAL Legit?
FIRST CAPITAL is a future broker licensed by the China Financial Futures Exchange (CFFEX). Its license number is 0310. Additionally, the domain name for this company was registered on March 7, 2000, was last updated on March 7, 2024, and will expire on March 7, 2025.
What Can I Trade on FIRST CAPITAL?
FIRST CAPITAL offers futures from Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, China Financial Futures Exchange, and Shanghai International Energy Exchange. The specific types of futures include agricultural products such as white sugar, cotton, and peanuts, as well as non-agricultural products like thermal coal, PTA, and methanol. For more details, please refer to: https://futures.fcsc.com/Catalog_66.aspx
How to Open a FIRST CAPITAL Account?
To open an account on the website of FIRST CAPITAL, follow these steps:
- Click on the “Open a futures Account” .
- Enter your personal information including name, ID number, phone number, and email and set up a password.
- Upload a clear picture of yourself for identity verification.
- Complete the basic information form regarding your financial situation, and risk tolerance level.
- Select account type.
- Select exchanges you want to trade on.
- Before submitting your application, read and approve the terms and conditions set out in the First Capital account opening agreement.
- Pass the video verification.
- Install a digital certificate on your computer.
- Take a short online survey.
Fees
The fee structure of FIRST CAPITAL comprises a Transaction Commission, a Delivery Commission, and a Rights and Performance Commission.
Transaction Commission: This is set at 2.5 times the exchange fee.
Delivery Commission: This is collected from both parties involved in the transaction and the delivery fee is set at 2 times the exchange fee
Rights and Performance Commission: This is charged for financial options, with transaction fees set at 2.5 times the exchange fee.
Trading platform
FIRST CAPITAL offers eight types of platforms, some accessible via computer and others suitable for use on phones.
Computer software: Boyi Cloud Trading Edition, I Ching Gold, First Venture Futures Independent Entrustment Software, Trading Pioneer, Boyi Master 7-Simulated Trading PC Version, MD5 detection tool
Mobile software: I-Chuang Futures, Mobile version of Yisheng Yixing APP
You can find the download links for each platform on this website: https://futures.fcsc.com/Catalog_33.aspx
Deposit and Withdrawal
FIRST CAPITAL supports deposits and withdrawals through bank transfer, online banking, and third-party payment methods. The supporting banks include China Construction Bank, Agricultural Bank of China, and more.
