Risk Warning
Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.
General Information
What is XIN YONGAN INTERNATIONAL？
XIN YONGAN INTERNATIONAL is a state-owned professional futures company founded in September 1992. It provides trading platforms for international futures contracts, including the New Yongan Futures-Computer Version and New Yongan Futures-Mobile Software. The company offers customer service through a service hotline and online messaging, allowing clients to seek assistance with their trading activities. While the company's state-owned status may imply a higher level of stability and government backing, it is important to note that XIN YONGAN INTERNATIONAL currently lacks valid regulation, raising concerns about accountability and oversight.
Pros & Cons
XIN YONGAN INTERNATIONAL Alternative Brokers
There are many alternative future-brokers to XIN YONGAN INTERNATIONAL depending on the specific needs and preferences of the trader. Some popular options include:
Fidelity - While primarily known for its mutual funds and stocks, Fidelity also offers futures trading with a range of investment options and research tools.
TD Ameritrade - Known for its user-friendly platforms, TD Ameritrade offers a wide selection of futures products, educational resources, and strong customer support.
AMP Global - A futures broker with competitive commission rates and access to multiple futures exchanges around the world.
Is XIN YONGAN INTERNATIONAL Safe or Scam？
The lack of valid regulation is a significant red flag when considering the safety and legitimacy of XIN YONGAN INTERNATIONAL. Regulatory oversight is crucial in the financial industry to protect clients' interests and ensure fair practices. As a potential investor or trader, it's essential to exercise caution when dealing with unregulated entities, as there may be higher risks involved. It is advisable to conduct thorough research, seek professional advice, and consider regulated alternatives with a proven track record of compliance and client protection.
The broker claims to be regulated by Securities and Futures Commission of Hong Kong (SFC, License No. AOJ411) by Hong Kong. However, we can find the current status is suspicious clone.
Trading Platforms
XIN YONGAN INTERNATIONAL offers several trading platforms for its clients, including New Yongan Futures-Computer Version, and New Yongan Futures-Mobile Software.
New Yongan Futures - Computer Version: This platform is designed for use on desktop computers and laptops. It offers a comprehensive set of tools and features for futures trading, including real-time market data, advanced charting capabilities, order placement and execution, risk management tools, and account monitoring.
New Yongan Futures - Mobile Software: This platform is optimized for mobile devices like smartphones and tablets. It allows clients to trade futures contracts on-the-go, providing access to essential features such as market quotes, trading execution, position tracking, and possibly push notifications for important market events.
Deposits & Withdrawals
XIN YONGAN INTERNATIONAL accepts deposits and withdrawals via bank transfer.
Regarding the international futures deposit time, clients can expect their deposits to be processed within 24 hours on working days. This means that on weekdays, when financial institutions and banks are operational, deposit requests are usually processed promptly, enabling clients to access their deposited funds and begin trading in a timely manner.
Similarly, for international futures withdrawals, clients can make withdrawal requests during the specified timeframe of 9:00 am to 16:30 on weekdays. It's worth noting that withdrawals initiated during these hours are processed promptly, ensuring that clients can access their funds as needed.
Customer Service
The company offers a dedicated service hotline with the number 13001175305. Clients can use this hotline to get in touch with customer support representatives for assistance with any queries, concerns, or account-related issues. The hotline is available during business hours, ensuring that clients can seek help promptly when needed.
XIN YONGAN INTERNATIONAL also facilitates online messaging as a means of communication with their customer service team. This online messaging platform is accessible through their website or trading platforms, allowing clients to interact with support representatives via live chat or messaging services.
Conclusion
XIN YONGAN INTERNATIONAL is a state-owned futures company that has been in operation since 1992. It offers clients the ability to trade international futures contracts through its trading platforms and provides customer service support via a service hotline and online messaging. The state-owned status might suggest a degree of stability and government support.
However, a significant drawback is the company's lack of valid regulation, which can lead to potential risks for clients. Regulatory oversight is essential in the financial industry to protect clients' interests and ensure fair practices. Therefore, individuals considering XIN YONGAN INTERNATIONAL for trading should exercise caution and carefully evaluate the risks involved, taking into account the absence of regulatory protection. It is crucial to conduct thorough research, seek professional advice, and consider regulated alternatives for a safer and more secure trading experience.
Frequently Asked Questions (FAQs)
Q1: What trading platforms does XIN YONGAN INTERNATIONAL offer？
A1: XIN YONGAN INTERNATIONAL offers the New Yongan Futures-Computer Version and New Yongan Futures-Mobile Software as its trading platforms for clients to trade international futures contracts.
Q2: Is XIN YONGAN INTERNATIONAL regulated？
A2: As of the information provided, XIN YONGAN INTERNATIONAL currently lacks valid regulation. This means it operates without oversight from financial regulatory authorities, raising concerns about accountability and client protection.
Q3: How can clients reach customer service at XIN YONGAN INTERNATIONAL？
A3: Clients can contact customer support at XIN YONGAN INTERNATIONAL through a service hotline with the number 13001175305. They can also use online messaging options available on the company's website or trading platforms.
