Overview of CHINA DRAGON
CHINA DRAGON, established in 1992 and based in China, is a regulated futures trading company licensed by the China Financial Futures Exchange. It offers a diverse range of futures trading products, including agricultural, energy, metal, and financial products, traded on various exchanges. The company provides comprehensive educational resources on futures trading, covering basic knowledge, trading rules, laws and regulations, financial consumer protection, and more. CHINA DRAGON prioritizes customer support, offering assistance via phone, fax, and email. Despite its strengths, such as its regulatory compliance and educational resources, traders should be aware of the risks involved in futures trading and conduct thorough research before engaging with CHINA DRAGON.
Is CHINA DRAGON Legit？
CHINA DRAGON is regulated by the China Financial Futures Exchange under a futures license issued by China, with license number 0279.
Pros and Cons
CHINA DRAGON, as a regulated futures trading company, offers several advantages such as access to a diverse range of futures products, regulatory oversight by the China Financial Futures Exchange, and comprehensive educational resources. However, it also has some drawbacks, including the need for a designated futures settlement bank account for deposits and withdrawals, and the complexity of the account opening process. It's important for traders to weigh these pros and cons carefully before choosing to trade with CHINA DRAGON.
Products and Services
CHINA DRAGON offers a diverse range of futures trading products, including agricultural, energy, metal, and financial products, traded on various exchanges. Margin requirements vary based on the exchange and contract specifics.
How to Open an Account
To open an account on CHINA DRAGON:
Visit the website and click on “Self-service account opening” to enter the “Self-service account opening” page.
Verify your account using your mobile phone number.
3. Register your account by uploading image materials (front and back of your ID card, and a handwritten signature photo).
4. Provide account information, including basic details, settlement bank selection, suitability survey, exchange selection, and agreement reading.
5. Complete video authentication.
6. Install digital certificate.
7. Sign the agreement online.
8. Complete a follow-up questionnaire.
9. Submit your application.
Deposit & Withdrawal
To deposit or withdraw funds with CHINA DRAGON, you need to have a designated futures settlement bank account with major Chinese banks. The deposit process includes bank transfers or in-person transactions at bank branches. Withdrawals can also be done through bank transfers or in-person requests. It's important to note the daily withdrawal limit and the need for prior appointment for withdrawals exceeding 500,000 RMB. Also, when using the QuickTrade system, you must contact the settlement department to synchronize funds and enable withdrawals.
Fees
CHINA DRAGON's fee structure for futures trading includes various components such as trading fees, maintenance fees, and other charges. These fees can vary depending on the specific product and exchange traded.
Customer Support
CHINA DRAGON's customer support can be reached via phone at 4000-345-200 or 0931-8894644, fax at 0931-8894198, and email at hlqh@hlqhgs.com.
Educational Resources
CHINA DRAGON's educational resources include basic knowledge of futures, trading rules of futures exchanges, laws and regulations, financial consumer protection, anti-money laundering, investor protection, prevention of non-compliance advertising, suitability management, financial standardization publicity, and constitutional publicity.
Conclusion
In conclusion, CHINA DRAGON offers a regulated environment for futures trading, providing access to a diverse range of products and comprehensive educational resources. However, it has some drawbacks, including the complexity of the account opening process and the requirement for a designated settlement bank account. Traders should carefully consider these factors when deciding whether to trade with CHINA DRAGON.
FAQs
Q: Is CHINA DRAGON a regulated futures trading company？
A: Yes, CHINA DRAGON is regulated by the China Financial Futures Exchange under a futures license issued by China.
Q: What products can I trade with CHINA DRAGON？
A: CHINA DRAGON offers a diverse range of futures trading products, including agricultural, energy, metal, and financial products.
Q: How can I open an account with CHINA DRAGON？
A: To open an account with CHINA DRAGON, you can visit their website and follow the self-service account opening process, which includes verifying your account using your mobile phone number and uploading necessary documents.
Q: What are the fees for trading with CHINA DRAGON？
A: CHINA DRAGON's fee structure for futures trading includes various components such as trading fees, maintenance fees, and other charges, which can vary depending on the specific product and exchange traded.
Q: How can I contact customer support at CHINA DRAGON？
A: You can contact CHINA DRAGON's customer support via phone at 4000-345-200 or 0931-8894644, fax at 0931-8894198, or email at hlqh@hlqhgs.com.
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. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
