What is SHENGDA FUTURES？
SHENGDA Futures is a regulated futures trading company in China. It is approved by the China Securities Regulatory Commission and holds trading seats on various exchanges, including the Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange, China Financial Futures Exchange, and Shanghai International Energy Trading Center. With a futures trading license from CFFEX, SHENGDA Futures offers multiple trading platforms for its clients. In terms of services, SHENGDA FUTURES provides commodity futures brokerage, financial futures brokerage, and asset management services across different asset classes.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
Pros:
- Regulated by CFFEX: Being regulated by a reputable authority like CFFEX adds credibility and provides assurance to traders that SHENGDA FUTURES operates in accordance with established regulations and standards.
- Various business scopes: SHENGDA FUTURES offers a wide range of business scopes, including trading and clearing services for financial futures, options, and other derivatives. This allows traders to diversify their investment portfolio and potentially explore different financial instruments.
- Multiple trading platforms and mobile apps: SHENGDA FUTURES provides traders with multiple trading platforms and mobile apps, making it convenient for users to access their accounts and execute trades from different devices
Cons:
- No 24/7 customer support: One drawback of SHENGDA FUTURES is that they do not offer 24/7 customer support. This means that traders may not receive immediate assistance outside of regular business hours if they encounter any issues or have questions.
- No social media presence: Another downside is the lack of social media presence from SHENGDA FUTURES. Social media platforms can be a valuable channel for communication, updates, and customer engagement, so the absence of such presence may limit the accessibility and information available to traders.
Is SHENGDA FUTURES Safe or Scam？
SHENGDA FUTURES is a reputable and reliable broker that is regulated by the China Financial Futures Exchange (CFFEX), which has been established with the approval of the State Council of the People's Republic of China and the China Securities Regulatory Commission (CSRC). CFFEX specializes in offering trading and clearing services for financial futures, options, and other derivatives.
The company has been in operation for several years and has garnered positive reviews from many customers. While SHENGDA FUTURES appears to be a trustworthy broker, it is essential for traders to understand that all investments carry a certain level of risk. It is therefore important for individuals to conduct their own research and carefully evaluate their options before making any investment decisions.
Services
SHENGDA FUTURES provides commodity futures brokerage services, which involves facilitating the trading of commodity futures contracts between clients and exchanges. They offer a range of products in this area, including agricultural, energy, and metal futures.
SHENGDA FUTURES also provides financial futures brokerage services, which involve facilitating the trading of financial futures contracts, such as stock index futures and interest rate futures, between clients and exchanges.
SHENGDA FUTURES also offers asset management services, which involve managing assets on behalf of clients, with the aim of generating returns on investment. They may offer discretionary or non-discretionary portfolio management services.
Trading Platforms
Shengda Futures offers multiple trading platforms for its clients, including the Shengda Futures Boyi Master 5CTP Simulation Version, the Shengda Futures CTP Infinity Easy Option Simulation System, and the Shengda Futures CTP Options Simulation System.
The Boyi Master 5CTP Simulation Version is a trading platform that allows clients to access real-time market data and execute trades. It features advanced charting tools, technical analysis indicators, and trading strategies. The platform also includes risk management features, such as stop-loss and take-profit orders.
The CTP Infinity Easy Option Simulation System is designed specifically for options trading. It provides clients with real-time option quotes and allows them to place orders directly from the platform. The system also includes risk management tools such as hedging and margin calculators.
The CTP Options Simulation System is another option trading platform offered by Shengda Futures. It provides clients with access to real-time option data and allows them to place orders and manage their positions all in one place. The platform features advanced charting tools and technical analysis indicators to help clients make informed trading decisions.
In addition to these platforms, Shengda Futures also offers the Shengda Futures CTP Express Client v2, which is a comprehensive trading platform that includes futures, options, and other financial products. They also offer demo platforms for clients to practice trading without risking real money.
Deposits & Withdrawals
Shengda Futures provides deposit and withdrawal services for its clients through several major banks in China, including the Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of Communications, Bank of China, CITIC Bank, and China Merchants Bank. This allows clients to easily transfer funds between their bank accounts and their trading accounts with Shengda Futures.
Clients can make deposits and withdrawals through bank futures transfer service. The trading hours for day trading are from 08:30 to 15:30, except on non-trading days. For night trading, which is only available for bank futures transfers, the trading hours are from 20:30 to 02:30. It's important to note that the bank futures transfer start time for Agricultural Bank of China is at 21:00, while it's 20:30 for other banks, except on non-trading days.
There is no restriction on the deposit of funds by bank transfer. Clients can deposit any amount of funds into their trading accounts using this method.
For withdrawals, there are certain limits in place. The single withdrawal limit is 3 million yuan, and the total withdrawal limit is also 3 million yuan. Clients are allowed a maximum of 99 withdrawals per day, with the cumulative withdrawal amount of the day not exceeding 90% of the total withdrawal amount. This ensures that clients can access their funds while maintaining appropriate withdrawal limits.
For clients who do not have a bank transfer option, there are alternative methods available. They can choose to deposit or withdraw funds through bank counters or online banking services provided by the respective banks. These options offer convenience and flexibility to clients who prefer different channels for managing their finances with Shengda Futures.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Zip code: 311201
Fax: 0571-28289393
Customer Service & Complaint Hotline: 400-826-3131 (Monday to Friday 8:30-17:30)
Email: sdqh@sdfutures.com.cn
Conclusion
In conclusion, SHENGDA Futures is a regulated futures trading company in China. The company offers multiple trading platforms for its clients. It provides a range of services, including commodity futures brokerage, financial futures brokerage, and asset management services. To ensure compliance and oversight, SHENGDA FUTURES is regulated by China CFFEX.
Overall, SHENGDA FUTUREScan be a choice for beginners due to its regulated status, demo accounts, and accessible customer support.
Frequently Asked Questions (FAQs)
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.
