ZHENG DA

Overview of ZHENG DA

ZHENG DA is an unregulated trading company based in Hong Kong, operating for 2-5 years. It offers various financial instruments, including foreign exchange futures, metal futures, forex futures, energy futures, and global index futures. However, information on its trading conditions is limited.

The absence of regulatory oversight raises concerns about ZHENG DA's accountability and compliance with industry standards. Users' reviews on WikiFX highlight difficulties with fund withdrawals and a controversial 15% account balance requirement before permitting withdrawals.

ZHENG DA collaborates with multiple banks to provide different account types. The margin requirements vary across various futures contracts, and clients can deposit funds through bank transfers. The company's trading platform offers a PC client and a mobile app. Nonetheless, the lack of regulation and the withdrawal issues reported by users warrant caution when dealing with ZHENG DA.

Pros and Cons

Zheng Da, a financial services provider, presents a mixed bag of advantages and disadvantages for prospective users. On the positive side, the platform offers a diverse range of futures products, giving traders a broad spectrum of investment opportunities. Additionally, Zheng Da provides multiple account types in collaboration with various banks, enabling users to tailor their trading experience to their preferences. The inclusion of margin requirements for reference allows for better risk management. Furthermore, traders can choose from two trading platform options and access educational tools to enhance their trading skills. However, there are significant drawbacks to consider. The platform lacks proper regulation, potentially exposing users to higher risks and limited protections. Many users have faced difficulties with fund withdrawals, and there is a substantial 15% balance requirement for withdrawals. Additionally, the customer channels available for support may be limited, and there is insufficient information on trading conditions, possibly leading to uncertainty and hesitancy among traders.

Is ZHENG DA Legit？

ZHENG DA is currently not subject to regulation. The absence of regulatory oversight allows ZHENG DA to operate freely without restrictions or external controls. This lack of supervision may have implications for various aspects of its activities and operations, potentially affecting its accountability and compliance with industry standards.

Market Instruments

Foreign exchange futures: ZHENG DA offers a range of foreign exchange futures products that allow traders to speculate on the future exchange rates of various currency pairs. Examples of these products include Euro (EUR), Japanese Yen (JPY), Australian Dollar (AUD), and British Pound (GBP). Each contract has specific trading hours, contract months, and minimum tick sizes. For instance, the Euro futures contract (E7) traded on the CME has a minimum tick size of 0.0001 USD and represents EUR 62,500. Similarly, the Japanese Yen futures contract (JY) has a tick size of 0.0000005 USD and represents JPY 12.5 million.

Metal Futures: ZHENG DA offers various metal futures products traded on different exchanges with different trading currencies and contract specifications. Examples include Comex Gold (GC), Comex Silver (SI), Comex Copper (HG), Palladium (PA), Platinum (PL), LME Copper (CA), LME Aluminium (AH), LME Zinc (ZS), LME Lead (PB), LME Nickel (NI), LME Tin (SN), and Iron Ore (FE).

Forex Futures: ZHENG DA provides forex futures products for trading on various currency pairs. Examples include Euro (EUR), Mini Euro Currencies (E7), Japanese Yen (JPY), Mini Japanese Yen (J7), Australian Dollar (AUD), British Pound (GBP), Canadian Dollar (CAD), New Zealand Dollar (NZD), Chinese Renminbi (RMB), and U.S. Dollar Index (DX).

Energy Futures: ZHENG DA offers energy futures products, including Crude Oil (CL), Brent Crude Oil (B), Heating Oil (HO), Natural Gas (NG), RBOB Gasoline (RB), and others.

Global Index Futures: ZHENG DA provides futures products based on various global indices, such as Hang Seng Index (HSI), Mini Hang Seng Index (MHI), H-shares Index (HHI), MSCI China A50 Connect (USD) Index (MCA), Nikkei 225 (NK), FTSE/Xinhua China A50 (CN), CME Nikkei 225 Yen (NIY), France CAC (FCE), FTSE 100 (FFI), Germany DAX (DAX), E-mini DAX (DXM), EURO STOXX 50 (FESX), Micro E-mini Dow Jones (MYM), Micro E-mini S&P500 (MES), and Micro E-mini Nasdaq 100 (MNQ).

Account Types

ZHENG DA offers multiple account types in collaboration with various banks, including China Merchants Bank, Hang Seng Bank, Citibank, and Standard Chartered Bank.

Margins

The margin requirements for ZHENG DA products vary across different futures contracts. For global index futures, margins range from $880 to €33,650, while foreign exchange futures margins vary between $2,500 and RMB 17,600. Energy futures require margins of $1,100 to $6,380, and metal futures margins range from $638 to $29,898. Agricultural futures demand margins from $1,344 to $3,933. These margin values are subject to change and provided for reference purposes only.

Deposit & Withdrawal

ZHENG DA allows clients to deposit funds through bank transfer methods for their trading accounts. For local Hong Kong accounts, clients must pre-register ZHENG DA INTL Financial Holding Ltd's bank account for external transfers and submit required information to info@zhengda.com.hk. The cutoff time for futures trading account deposits is 5:00 PM Hong Kong time, with late submissions processed on the next working day. Two bank account options are available: OCBC Wing Hang Bank Limited (USD account: 035-804-156347-002, HKD account: 035-804-155984-001) and China Construction Bank (Asia) Corporation Limited (USD account: 009-846210037221, HKD account: 009-846210037213).

Trading Platforms

ZHENG DA's trading platform offers two software options for clients: the “易盛极星PC客户端” (YiSheng JiXing PC Client) and the “易盛易星手机端” (YiSheng YiXing Mobile App). Traders can choose the PC client, which provides a comprehensive trading experience on desktop computers, by clicking on the download link. Alternatively, they can opt for the mobile app by scanning the provided QR code, granting them access to trading functionalities on their smartphones.

Educational Tools

ZHENG DA offers an educational tool with an introduction to futures, term explanations, and market updates, including oil price movements, economic data, and market fluctuations for informed trading decisions.

Customer Support

ZHENG DA's customer support can be reached at their office located at Rm808, Nan Fung Commercial Centre, KLN, HK. For inquiries, customers can contact them through phone at (852) 34685915 or fax at (852) 34685917. Alternatively, they can reach out via email at info@zhengda.com.hk.

Reviews

Users' reviews of ZHENG DA on WikiFX complain about the inability to withdraw funds and the company's request for 15% of the account balance before allowing withdrawals.

Conclusion

Conclusion: ZHENG DA is an unregulated brokerage based in Hong Kong, offering a variety of trading instruments, including foreign exchange futures, metal futures, forex futures, energy futures, and global index futures. The company collaborates with multiple banks to offer different account types. While the trading platform provides options for both PC and mobile trading, users have expressed concerns regarding withdrawal difficulties and a requirement of 15% of the account balance before withdrawal. Traders should be cautious due to the lack of regulatory oversight, potentially affecting the company's accountability and compliance with industry standards. The margin requirements for different futures contracts vary, and the company supports fund deposits through bank transfer methods. Customer support is available via phone, fax, and email. Despite the availability of educational tools for market insights, users' withdrawal issues raise concerns about the overall reliability and transparency of the brokerage.

FAQs

Q: Is ZHENG DA a regulated company？

A: No, ZHENG DA is currently not subject to regulation, operating without external controls.

Q: What financial instruments does ZHENG DA offer？

A: ZHENG DA provides a variety of products, including foreign exchange futures, metal futures, forex futures, energy futures, and global index futures.

Q: What are the margin requirements for trading with ZHENG DA？

A: Margin requirements vary across different futures contracts, ranging from $880 to €33,650 for global index futures and $2,500 to RMB 17,600 for foreign exchange futures, among others.

Q: How can I deposit and withdraw funds with ZHENG DA？

A: Funds can be deposited through bank transfers to specified accounts, and withdrawals can be made through the company's supported banking partners.

Q: What are the available trading platforms at ZHENG DA？

A: ZHENG DA offers two software options for trading: the YiSheng JiXing PC Client for desktop computers and the YiSheng YiXing Mobile App for smartphones.

Q: Does ZHENG DA provide educational resources？

A: Yes, ZHENG DA offers educational tools to help traders understand futures and stay updated on market trends.

Q: How can I contact ZHENG DA's customer support？

A: You can contact ZHENG DA's customer support through phone, fax, or email at their Hong Kong office.