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SOOCHOW FUTURES

China|5-10 years|
Futures License|

http://www.dwfutures.com/

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C

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China 4.16

Surpassed 78.70% brokers

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Contact

http://www.dwfutures.com/
黄浦区西藏南路1208号东吴证券大厦6楼 、19楼

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SOOCHOW FUTURES · Company Summary

Aspect Information
Company Name SOOCHOW FUTURES
Registered Country/Area China
Founded Year 2002
Regulation CFFEX
Minimum Deposit 100 yuan
Commissions Commissions:0.1% of consideration
Trading Platforms SOOCHOW FUTURES moible app
Tradable Assets Stocks,commodities,bonds
Account Types Individual account,joint account,insittution account
Demo Account Available
Customer Support Phone:95530,Email:dwzq601555@dwzq.com.cn
Deposit & Withdrawal Bank transfer,credit/debit card,internet bank
Educational resource Education program:Teaching dynamics,Investment tips.etc

Overview of SOOCHOW FUTURES

Soochow Futures, established in 2002 and based in China, operates under the regulation of the China Financial Futures Exchange (CFFEX). It offers a broad range of trading options including stocks, commodities, and bonds, making it an appealing choice for a variety of traders.

The company is accessible to a wide audience with a low minimum deposit requirement of just 100 yuan and a competitive commission rate of 0.1% of the transaction value. Trading activities are conducted through the Soochow Futures mobile app, which is designed for modern, on-the-go trading.

Soochow Futures caters to individual, joint, and institutional account types, providing flexibility for different kinds of investors. Additionally, a demo account is available for practice and learning purposes. Customer support is readily accessible via phone at 95530 and email atdwzq601555@dwzq.com.cn.

The firm accepts deposits and withdrawals through bank transfers, credit/debit cards, and internet banking. Moreover, Soochow Futures emphasizes investor education through its program, which includes teaching dynamics and investment tips, enhancing the trading knowledge and skills of its clients.

Overview of SOOCHOW FUTURES

Is SOOCHOW FUTURES Legit or a Scam?

Soochow Futures, operating under the name Dongwu Futures Co., Ltd., is regulated by the China Financial Futures Exchange (CFFEX) with a Futures License. This license, numbered 0111, is of the “No Sharing” type, indicating that it is exclusive to Dongwu Futures.

While specific details such as the effective date, email address, website, expiry date, address, and phone number of the licensed institution are not provided, the certification of Dongwu Futures is established through documented annexes.

This regulatory status under CFFEX ensures that Soochow Futures adheres to the financial regulatory standards in China, providing a layer of security and credibility for its trading operations and services.

Is SOOCHOW FUTURES Legit or a Scam?

Pros and Cons

Pros:

  1. Wide Range of Tradable Assets: Soochow Futures offers trading in stocks, commodities, and bonds, catering to diverse investment interests and strategies.

  2. Low Minimum Deposit: The low minimum deposit requirement of 100 yuan makes it accessible for a wide range of investors, including beginners.

  3. Competitive Commissions: Charging a commission of only 0.1% of the transaction value is attractive, especially for frequent traders and those dealing in larger volumes.

  4. Mobile Trading Platform: The availability of a mobile app for trading provides convenience and flexibility, allowing clients to trade on the go.

  5. Educational Resources: Soochow Futures offers educational programs, including investment tips and teaching dynamics, which are beneficial for both new and experienced traders.

Cons:

  1. Limited Global Reach: Primarily regulated and based in China, Soochow Futures might not appeal as much to international traders seeking broader global market access.

  2. Lack of Detailed Regulatory Information: Missing specifics such as the effective date, website, and contact details of the licensed institution might be a concern for clients seeking transparency.

  3. Dependence on Domestic Payment Methods: The focus on local payment methods like internet banking might not be convenient for international clients who use other forms of payment.

  4. Limited Platform Choice: Relying mainly on a mobile app might restrict traders who prefer a variety of platform options, including desktop trading applications.

  5. Potential Language Barrier: The companys primary operation in China might pose language barriers for non-Chinese speaking clients.

Pros Cons
Wide Range of Tradable Assets Limited Global Reach
Low Minimum Deposit Lack of Detailed Regulatory Information
Competitive Commissions Dependence on Domestic Payment Methods
Mobile Trading Platform Limited Platform Choice
Educational Resources Potential Language Barrier

Market Instruments

Soochow Futures offers a diverse array of market instruments, catering to various trading preferences and strategies across multiple financial sectors:

  1. Personal Financial Instruments:

    1. This includes a range of options for individual investors such as wealth management, mutual funds, margin financing, stock options, and services related to the Shanghai-Hong Kong Stock Connect. Additionally, the firm offers stock pledge and repurchase agreements, IB (Investment Banking) services, and OTC (Over-the-Counter) online trading.

  2. Entrepreneurial and Institutional Financial Instruments:

    1. Soochow Futures provides services catering to entrepreneurial and institutional clients, including sales, capital intermediation, and research services. They also offer account opening for institutions, asset management, and targeted asset management services.

  3. Corporate Financial Instruments:

    1. The firm offers a suite of corporate financial services such as IPO (Initial Public Offering) consultation, refinancing, corporate and enterprise bonds, asset securitization, restructuring, and stock equity pledge services.

By offering such a wide range of instruments, Soochow Futures is equipped to meet the needs of various clients, from individual investors to large institutions and corporations. This extensive offering allows traders and investors to engage in different market sectors, from equity and bond trading to complex financial products and corporate finance solutions, enabling the development of comprehensive and diversified investment strategies.

Market Instruments

Account Types

Soochow Futures provides three main types of accounts, each designed to cater to the specific needs of different clients:

  1. Individual Account:

    1. Tailored for individual investors, this account type allows a single user to manage their own investments and trading activities. It is ideal for retail traders who are looking to trade independently, making their own decisions based on personal strategies and risk tolerance.

  2. Joint Account:

    1. The joint account is suitable for multiple users, such as couples, family members, or business partners, who wish to manage their trading activities collectively. In a joint account, trading decisions and management of investments are typically shared among all account holders.

  3. Institutional Account:

    1. Designed for institutional clients, this account type caters to the needs of organizations such as corporations, financial institutions, and other large entities. It is tailored for managing larger and more complex trading activities and investments, often involving higher volumes and greater capital requirements than individual or joint accounts.

Each of these account types is structured to provide the necessary tools and functionalities to accommodate the diverse requirements and trading objectives of individual investors, groups, and institutional clients.

How to Open an Account?

Opening an account with Soochow Futures can be summarized in four key steps:

  1. Visit Soochow Futures Website or App:

    1. Start by visiting the official website or downloading the Soochow Futures mobile app. This is where you'll find detailed information about the account opening process.

  2. Select the Account Type:

    1. Choose the type of account you wish to open, based on your trading needs and objectives. Soochow Futures offers individual, joint, and institutional accounts.

  3. Complete the Registration Form:

    1. Fill out the online registration form with your personal and financial information. This step may also require uploading necessary documents for identity verification and compliance with regulatory requirements.

  4. Await Verification and Fund Your Account:

    1. Once you've submitted your application, Soochow Futures will verify your details. After your account is approved, you can find it using one of the supported methods like bank transfer or credit/debit card. Once funded, you'll be ready to start trading.

Commissions

Soochow Futures charges a commission on its trading services, which is set at 0.1% of the transaction value. This commission rate applies to the trades executed through their platform and is a key cost component for clients engaging in trading activities. The 0.1% rate is competitively structured, appealing to both frequent traders and those who deal in larger volumes.

It's important for clients to factor in this commission fee as it directly affects the overall cost of trading. While this straightforward commission structure offers clarity on trading costs, traders should also consider other potential fees or charges that might apply, such as transaction fees or account management fees.

Understanding the full scope of potential costs is crucial for effective financial planning and strategy development in the trading environment provided by Soochow Futures.

Trading Platform

Soochow Futures provides its trading services through several advanced mobile applications, designed to accommodate both Android and iOS users. The “Dongwu Xiucái” app, developed by Dongwu Securities Co., Ltd., is available for Android users in version 8.7.1, with its latest update on November 3, 2023.

The iOS counterpart of this app is at version 8.6.5, updated on August 25, 2023. Additionally, the firm offers the “Dongwu Securities Tonghuashun Premium Edition” app, catering to high-end trading needs. For Android users, this app is available in version 4.6.8, updated on November 10, 2023, while iOS users can access version 4.6.6, updated on August 28, 2023.

These apps can be downloaded through a QR code scan using a compatible browser or by downloading to a computer and transferring the file to a mobile device for installation.

These applications feature advanced functionalities and a user-friendly interface, providing traders with convenient, efficient access to financial markets and a variety of trading tools to suit different trading styles and preferences.

Trading Platform

Deposit & Withdrawal

Soochow Futures offers a range of options for depositing and withdrawing funds, tailored to meet the diverse needs and preferences of its clients. These methods are designed to provide convenience and efficiency in managing financial transactions:

Deposit Methods:

  1. Bank Transfer: Clients can use bank transfers to move funds directly from their bank accounts to their Soochow Futures accounts. This method is secure and widely used, particularly for larger transactions.

  2. Credit/Debit Card: The firm accepts deposits made through major credit and debit cards, providing a fast and convenient way for clients to fund their accounts.

  3. Internet Banking: For a more digital approach, Soochow Futures supports internet banking, allowing clients to transfer funds online quickly and easily.

Withdrawal Methods:

Withdrawals at Soochow Futures are typically processed through the same methods used for deposits. This ensures a consistent and straightforward experience for clients when accessing their funds. Clients should be aware of any processing times, limits, or potential fees associated with these transactions, as these factors can vary depending on the chosen method and any applicable regulations or policies.

Educational Resources

Soochow Futures offers a rich array of educational resources designed to enhance financial literacy and investment skills among its clients. Their education program includes various elements like “Teaching Dynamics,” which likely involves regular updates and insights into the financial markets, and “Investment Tips,” providing practical advice for traders.

Additionally, Soochow Futures emphasizes investor education through initiatives like “Financial Quotient Education,” which focuses on raising awareness about financial matters, and “Anti-Money Laundering” education, highlighting the importance of understanding and complying with AML regulations.

The firm also engages in “Investor Protection” activities and offers educational content on a range of topics from the basics of stock, bond, and fund trading to more specialized areas like margin trading, private investments, asset securitization, and futures business.

Moreover, Soochow Futures integrates interactive methods like quizzes and games to make learning about investment more engaging. This comprehensive approach to investor education underlines Soochow Futures' commitment to empowering its clients with the knowledge and tools necessary for informed investment decisions.

Educational Resources

Customer Support

Soochow Futures provides several avenues for customer support to ensure efficient and accessible service for its clients. For email inquiries, clients can contact the company at dwzq601555@dwzq.com.cn.

For immediate assistance or to speak directly with a customer service representative, clients can call the hotline at 95330 or use the alternative phone number +86 0512-62938833.

Additionally, Soochow Futures is located at No. 5, Xingyang Street, Suzhou Industrial Park, which could be useful for clients who need to visit the company's office for in-person queries or services. This comprehensive customer support system demonstrates Soochow Futures' dedication to providing thorough and responsive assistance to its clients.

Customer Support

Conclusion

In conclusion, Soochow Futures, established in 2002 in China and regulated by the China Financial Futures Exchange (CFFEX), offers a diverse trading portfolio including stocks, commodities, and bonds. The firm caters to various investor types with a low minimum deposit of 100 yuan and a competitive commission rate of 0.1%.

Soochow Futures facilitates trading through its mobile app, accommodating individual, joint, and institutional accounts. The company is committed to investor education with programs covering financial literacy, anti-money laundering, and investor protection.

Additionally, Soochow Futures provides comprehensive customer support through multiple channels, including email, phone, and a physical office location.

By offering a range of trading options, educational resources, and dedicated customer support, Soochow Futures positions itself as a versatile and client-centric financial services provider in the Chinese market.

FAQs

  1. When was Soochow Futures established?

  • Soochow Futures was founded in 2002.

  1. What trading platforms does Soochow Futures offer?

    1. Soochow Futures provides trading services through its mobile app, catering to various trading needs.

  2. What is the minimum deposit required to open an account with Soochow Futures?

    1. The minimum deposit required to open an account with Soochow Futures is 100 yuan.

  3. What types of accounts does Soochow Futures offer?

    1. Soochow Futures offers individual, joint, and institutional accounts.

  4. Does Soochow Futures provide any educational resources?

    1. Yes, Soochow Futures offers educational resources, including programs on financial literacy, anti-money laundering, and investor protection.

  5. How can I contact Soochow Futures' customer support?

    1. Soochow Futures' customer support can be contacted via email at dwzq601555@dwzq.com.cn, by phone at 95330, or at +86 0512-62938833.

  6. What methods can I use for depositing and withdrawing funds with Soochow Futures?

    1. Soochow Futures accepts deposits and withdrawals through bank transfers, credit/debit cards, and internet banking.

Broker Information

Company Name

东吴期货

Abbreviation

SOOCHOW FUTURES

Regulatory Status

Regulated

Platform registered country and region

China

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  • 黄浦区西藏南路1208号东吴证券大厦6楼 、19楼

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