Overview of GUOSEN FUTURES
Guosen Futures Limited, a wholly-owned subsidiary of Guoxin Securities Company Limited, has emerged as a prominent force in China's futures market since its establishment over a decade ago. Headquartered in Shanghai, the company is recognized for a diverse range of tradable assets, including gold, steel, agricultural products, base metals, and energy products. Enjoying a position among the industry's top ten, Guosen Futures benefits from its extensive network covering major cities, facilitated by over 100 business departments of Guoxin Securities.
While the company offers advantages such as regulatory compliance and a comprehensive array of trading assets, potential disadvantages include high deposit requirements and limited payment options. As a member of the China Futures Industry Association and a director of the Shanghai Futures Exchange, Guosen Futures operates within the regulatory framework, ensuring a secure trading environment for its clients.
Is GUOSEN FUTURES legit or a scam？
GUOSEN FUTURES is regulated by the China Financial Futures Exchange (CFFEX), holding a Futures License under the oversight of the regulatory authorities in China. The current regulatory status of GUOSEN FUTURES is categorized as “Regulated.” This designation indicates that the company operates within the regulatory framework set by the China Financial Futures Exchange, adhering to the rules and guidelines established for futures trading in the country. Traders on the platform can find assurance in the fact that GUOSEN FUTURES is subject to regulatory scrutiny and operates with the necessary licenses.
Pros and Cons
Pros:
Regulated by the CFFEX:
Guosen Futures is regulated by the China Financial Futures Exchange (CFFEX), providing a level of oversight and adherence to regulatory standards, which can enhance the trust and confidence of traders.
2. Diverse Range of Tradable Assets:
The platform offers a diverse range of tradable assets, including gold, steel, agricultural products, base metals, and energy products. This variety allows traders to explore different markets and diversify their portfolios.
3. Leverage Options Up to 1:200:
Guosen Futures provides leverage options of up to 1:200, allowing traders to control larger positions relative to their initial deposit. Higher leverage can amplify both potential gains and losses, providing flexibility for different trading strategies.
4. Diverse Range of Trading Software:
5. Comprehensive Services:
Guosen Futures goes beyond simple trading by offering additional services such as risk management consulting, special training, and hedging. These services aim to support traders in building robust strategies, enhancing their skills, and managing risks effectively.
6. 24-Hour Hotline:
Cons:
Limited Payment Options:
2. High Deposit Requirements:
3. Limited Customer Support Channels:
Market Instruments
GUOSEN FUTURES stands as a prominent player in the futures market, offering a wide spectrum of tradable assets under their energy chemicals brand name:
Gold: GUOSEN FUTURES holds deep expertise in gold futures, is suitable for clients seeking exposure to this precious metal's price movements.
Steel: From bustling construction sites to industrial giants, GUOSEN FUTURES facilitates trading in steel futures, navigating the dynamics of this crucial building block.
Agricultural Products: From soybeans to corn, GUOSEN FUTURES empowers clients to manage risk and capitalize on opportunities within the ever-evolving agricultural landscape.
Base Metals: Copper, aluminum, and other industrial metals might find their way into GUOSEN FUTURES' portfolio, reflecting their commitment to diverse market coverage.
Energy Products: Crude oil, natural gas, and other energy contracts could be part of their offerings.
GUOSEN FUTURES' capabilities extend beyond simply providing access to these assets. They offer:
Risk Management Consulting: Helping clients build robust strategies to mitigate potential losses in the volatile futures market.
Special Training: Equipping clients with the knowledge and skills necessary to navigate the complexities of futures trading.
Hedging and Arbitrage: Utilizing sophisticated strategies to manage risk and capitalize on market inefficiencies.
One-Stop Asset Management: Providing a one-stop solution with a comprehensive suite of asset management services.
GUOSEN FUTURES' diverse asset focus, coupled with their extensive risk management and client-centric services, paints a picture of a well-rounded and versatile futures powerhouse. While the specific details of their portfolio remain undisclosed, their brand name and service offerings point towards a strong presence in key markets like gold, steel, and agricultural products.
Account Types
GUOSEN offers three distinct account types with varying features. Each account type is designed to provide a tailored trading experience based on individual preferences and trading styles.
Standard Account:
The Standard Account is suitable for traders seeking a balanced trading environment. It offers leverage of up to 1:200, providing the flexibility to control larger positions relative to the initial deposit. The spread for this account type ranges from 3 to 8 pips, accommodating traders who prioritize a wider range in pricing. The commission per contract is CNY 3, making it an option for those who are comfortable with a slightly higher commission cost. The minimum deposit required to open a Standard Account is CNY 10,000, making it ideal for traders with a more substantial initial investment.
Mini Account:
The Mini Account is designed for traders who prefer a lower initial investment. With leverage of up to 1:100, it allows for controlled exposure to the market. The spread is in a tighter range, varying from 1 to 3 pips, appealing to traders who prioritize lower spreads. The commission per contract is reduced to CNY 2, making it a cost-effective option for those conscious of transaction costs. The minimum deposit requirement for a Mini Account is CNY 5,000, offering a more accessible entry point for traders.
Micro Account:
The Micro Account is tailored for traders who are just starting in the market or prefer smaller trade sizes. It provides leverage of up to 1:50, offering a more conservative approach to trading. The spread for this account type ranges from 4 to 8 pips, accommodating traders who prioritize a wider range in pricing. The commission per contract is further reduced to CNY 1, making it a cost-effective choice for those who are particularly sensitive to transaction costs. The Micro Account has a lower minimum deposit requirement of CNY 2,000, making it a suitable option for beginners or traders with limited initial capital.
All account types, including Standard, Mini, and Micro Accounts, come with the added benefit of a Demo Account, allowing traders to practice and familiarize themselves with the platform and market conditions before engaging in live trading.
How to Open an Account？
To open an account with Guosen Futures, follow these concrete steps:
Step 1: Visit the Official Guosen Futures Website
Navigate to the official Guosen Futures website using a secure web browser. Ensure that you are accessing the legitimate website to safeguard your information.
Step 2: Locate the Account Registration Section
Look for the “Open an Account” on the website. This is typically prominently displayed on the homepage. Click on this option to initiate the account creation process.
Step 3: Complete Personal Information
Fill in the required fields with accurate personal details. Provide your full name, date of birth, contact information, and residential address. It's crucial to input information exactly as it appears on your official identification documents.
Step 4: Submit Identification Documents and Verify Identity
As part of the verification process, you are required to upload identification documents. Common documents include a government-issued ID, proof of address (e.g., utility bill), and any additional documents specified by Guosen Futures. Once submitted, Guosen Futures will initiate an identity verification process. After successful verification, proceed to fund your account.
By following these four steps, you can efficiently open an account with Guosen Futures. Always prioritize security by confirming the legitimacy of the website, providing accurate information, and adhering to the platform's guidelines throughout the account creation process.
Leverage
The maximum leverage offered by Guosen Futures depends on the type of account. Here are the details:
The Standard Account with Guosen Futures provides traders with a maximum leverage of up to 1:200. This means that for every unit of the trader's capital, they can potentially control a trading position valued at up to 200 times that amount. Leverage amplifies both potential gains and losses, offering traders the ability to trade larger positions with a smaller initial investment.
The Mini Account, on the other hand, offers a maximum leverage of up to 1:100. While this leverage is slightly lower than that of the Standard Account, it still provides traders with the flexibility to amplify their trading positions.
For the Micro Account, Guosen Futures offers a maximum leverage of up to 1:50. This level of leverage is more conservative compared to the Standard and Mini Accounts.
Spreads & Commissions
Trading fees can make or break your futures game, and at GUOSEN, understanding their account-specific structures is crucial. Let's break down the spreads and commissions for each account type:
Standard Account:
Spreads: Slightly wider than Mini and Micro accounts, typically ranging from 3 to 8 pips for commodities.
Commissions: CNY 3 per contract, offering a flat fee structure regardless of contract size.
This account is ideal for experienced traders comfortable with wider spreads in exchange for lower per-trade costs. The flat commission fee makes it suitable for high-volume traders who benefit from economies of scale.
Mini Account:
Spreads: Moderate, generally falling within the 1 to 3 pip range for commodities.
Commissions: CNY 2 per contract, making it slightly cheaper than the Standard account on a per-contract basis.
Mini accounts strike a balance between wider Standard account spreads and narrower Micro account spreads, while offering slightly lower commissions than Standard accounts. They're well-suited for intermediate traders seeking a balance between cost and execution quality.
Micro Account:
Spreads: Generally the widest, ranging from 4 to 8 pips for commodities.
Commissions: CNY 1 per contract, boasting the cheapest per-trade cost among all account types.
Micro accounts are suitable for beginners and risk-averse traders prioritizing tight control over trading costs. While spreads are wider, the minimal commission makes them suitable for smaller trade sizes and risk management strategies.
Standard accounts appeal to experienced traders seeking cost-effectiveness for high-volume trades. Mini accounts provide a balanced option for intermediate traders. Micro accounts are ideal for beginners and risk-averse traders prioritizing low costs over razor-sharp spreads.
Trading Platform
Guosen Futures offers a diverse range of trading software.
The primary platform, Guoxin JinDotong, is a mobile version that integrates account opening, trading, market analysis, and various information services. This mobile software supports futures, options trading, and bank transfer functions, providing users with a comprehensive and convenient trading experience. Another notable option is the Yisheng Trading Software in Zhangjiang, Shanghai, which supports penetration but requires users to apply for access.
In addition to mobile versions, Guosen Futures provides several desktop trading platforms, including Guosen Futures CTP-Bo YiYun, Guosen Futures CTP-Esun Extreme Star 9.5, and Guosen Futures CTP-Fast Futures V3 client. These platforms support penetration, offering features such as market analysis, order placement, and bank transfers for futures and options trading.
Deposit & Withdrawal
Guosen Futures offers multiple payment methods for depositing and withdrawing funds from trading accounts. Traders can utilize bank transfer, internet banking transfer, and counter transfer for their financial transactions. The silver transfer option enables real-time fund transfers between the customer's bank account (futures settlement account) and the futures company's bank account (futures margin special account), streamlining the process.
The accepted banks for bank transfer include major institutions such as ICBC, Agricultural Bank of China, Bank of China, CCB, Pudong Development Bank, and China Merchants Bank. It ensures a wide range of options for traders to choose from when initiating transactions.
Guosen Futures has specific regulations in place, limiting daily withdrawal to a maximum of 5 million RMB and imposing a maximum single transfer limit of 5 million RMB. Traders are allowed a maximum of three withdrawals per day, and the withdrawal amount is capped at 80% of the available funds when the customer holds a position.
To manage larger withdrawals exceeding 5 million RMB, traders need to make an appointment one trading day in advance through phone or fax.
Customer Support
Guosen Futures provides customer support through its nationwide hotline: 400-86-95536 and 0755-22941888.
Traders can reach out to the customer service team for assistance, inquiries, and support related to their trading accounts, platform features, or any other issues. The inclusion of a nationwide hotline underscores Guosen Futures' commitment to providing accessible and responsive customer support for its user base.
The availability of direct communication channels allows users to seek prompt assistance in their preferred language, contributing to a positive and user-friendly trading experience on the Guosen Futures platform.
Educational Resources
Guosen Futures provides a range of educational resources to support traders in enhancing their knowledge and skills in the financial markets. The platform's educational offerings include a customer service portal and a research center FAQ.
Customer Service:
Guosen Futures offers a dedicated customer service platform to assist traders with inquiries and support-related issues. Traders can access the Chinese (Simplified) hotline at +852-3758 2228 to directly communicate with customer service representatives. This direct channel ensures prompt assistance in the trader's preferred language, contributing to a positive and user-friendly trading experience.
2. Research Center FAQ:
The research center FAQ serves as a valuable resource for traders seeking information and insights into various aspects of trading on the Guosen Futures platform. Frequently Asked Questions (FAQs) cover a range of topics, addressing common queries related to trading strategies, platform functionalities, account management, and other relevant areas. This resource aims to provide traders with quick and accessible answers to common questions, facilitating a better understanding of the platform and its features.
Conclusion
In conclusion, Guosen Futures emerges as a prominent player in the Chinese futures market, boasting a diverse range of tradable assets, including gold, steel, agricultural products, base metals, and energy products. Established as a subsidiary of Guoxin Securities Company Limited, the company has witnessed significant growth, with a comprehensive strength ranking among the industry's top ten. The network of Guosen Futures spans major cities, supported by more than 100 business departments of Guoxin Securities, providing a robust infrastructure for traders across China.
While Guosen Futures offers notable advantages such as regulated operations, leverage options up to 1:200, and a variety of trading software, it comes with certain limitations. Traders face a high deposit requirement, and the company provides limited payment options.
Despite these challenges, Guosen Futures remains a dynamic force in the futures market, providing comprehensive services and maintaining a strong presence in key financial centers. As with any investment, potential clients should carefully consider their trading preferences and risk tolerance before engaging with Guosen Futures.
FAQs
Q: What is the minimum deposit required to open a Guosen Futures account？
A: The minimum deposit varies by account type—Standard: CNY 10,000, Mini: CNY 5,000, Micro: CNY 2,000.
Q: What is the maximum leverage offered by Guosen Futures？
A: Leverage depends on the account type—Standard: Up to 1:200, Mini: Up to 1:100, Micro: Up to 1:50.
Q: How many times can I withdraw funds per day from my Guosen Futures account？
A: Traders can make a maximum of three withdrawals per day.
Q: Are there withdrawal limits on Guosen Futures？
A: Yes, there is a daily withdrawal limit of 5 million RMB, and the withdrawal amount is capped at 80% of available funds when holding a position.
Q: What payment methods are available for depositing funds？
A: Guosen Futures supports bank transfer, internet banking transfer, and counter transfer for depositing funds.
Q: Does Guosen Futures offer educational resources for traders？
A: Yes, Guosen Futures provides educational resources such as a customer service portal and a research center FAQ to support traders in enhancing their knowledge and skills.
2023-12-19 18:43
2022-11-22 17:45
