Score
ZHESHANG
http://www.cnzsqh.com/
Website
Rating Index
Influence
Influence
C
Influence index NO.1
Contact
Licensed Entity:浙商期货有限公司
License No. 0009
Single Core
1G
40G
1M*ADSL
- The number of the complaints received by WikiFX have reached 5 for this broker. Please be aware of the risk!
 
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Website
cnzsqh.com
61.164.40.163Server LocationChina
ICP registration浙ICP备10033536号-2Most visited countries/areas--Domain Effective Date2009-12-15WebsiteWHOIS.PAYCENTER.COM.CNCompanyXINNET TECHNOLOGY CORPORATION
Genealogy
Relevant Enterprises
Company Summary
| ZHESHANG Review Summary | |
| Founded | 1995 | 
| Registered Country/Region | China | 
| Regulation | CFFEX | 
| Market Instruments | Commodities, Shares, Bonds, Futures and options | 
| Demo Account | ❌ | 
| Trading Platform | Zhe Shang APP, Zhe Shang Caixin APP, Hang Seng Online Trading System 5.0 (Fens) version, Bo Yi Master Lightning Hand... | 
| Min Deposit | / | 
| Customer Support | Email: zsqh@cnzsqh.com | 
| Physical Address: Floor 9-12, East Building, Caitong Shuangguan Building, No. 198 Tianmushan Road, Xihu District, Hangzhou City, Zhejiang Province | |
ZHESHANG is a financial broker registeredin China in 1995. It offers five types of trading instruments and supports trading through multiple platforms. In addition, ZHESHANG operates under legal regulation and strictly complies with legal requirements.

Pros and Cons
| Pros | Cons | 
| Multiple platforms support | Lack of detailed info on fees | 
| Legal regulation | |
| Multiple trading choices | |
| Long history of operation | 
Is ZHESHANG Legit?
ZHESHANG holds a futures license, issued by the China Financial Futures Exchange, with a license number of 0009, which indicates that this broker operates under strict laws.
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | 
![]()  | China Financial Futures Exchange (CFFEX) | ZHESHANG Futures | Futures License | 0009 | 

What can I trade on ZHESHANG?
ZHESHANG provides multiple financial service, which mainly includes Commodities (agricultural products, industrial products), Shares, Bonds (Macro Treasury Bonds), Futures and options.
| Tradable Instruments | Supported | 
| Forex | ❌ | 
| Commodities | ✔ | 
| Options | ✔ | 
| Indices | ❌ | 
| Cryptocurrencies | ❌ | 
| Stocks | ✔ | 
| Bonds | ✔ | 
| Mutual Funds | ❌ | 
| Futures | ✔ | 

How to Open an Account on ZHESHANG?
Opening an account in ZHESHANG is fairly complex and you need to follow these steps:
(1) Visit the website and click [Online Account Opening] to enter the online account opening processing page;
(2) Fill in your ID number and graphic verification code, and click [Next]. You will need to enter your mobile phone number to register and log in to obtain a verification code;
(3) Upload your ID card and your handwritten signature;
(4) Complete other details;
(5) Complete the [Investor Risk Assessment Questionnaire];
(6) Choose your prefered Future Exchanges;
(7) Video verification;
(8) Set the digital certificate password and install it;
(9) Sign Agreement;
(10)Completes the [Return Questionnaire];
(11) Click Application Submission.


Trading Platform
ZHESHANG offers various trading platforms based on the products you choose. The platforms includes Zhe Shang APP, Zhe Shang Caixin APP, Hang Seng Online Trading System 5.0 (Fens) version, Bo Yi Master Lightning Hand, Yi Sheng Polaris, Fuyuan Online Quotation System Hang Seng version, Yi Sheng V8 Client, Wenhua WH6 Winshun Trading Software, Yi Sheng V8 Institutional Client, Yi Sheng Polaris 9.3.32 Internal and External Arbitrage Client, and Zhe Shang Futures MC9.1 Client. The client of ET Net, MC9 of Zheshang Futures, and CTP products of Pathfinder Flagship Edition, etc.


Deposit and Withdrawal
ZHESHANG provides different deposit and withdrawal methods.
- Clients who have applied for bank transfer can access their funds through telephone banking, futures trading software, and online banking. The supporting banks include ICBC, ABC, BOC, CCB, SPDB, CITIC, CMB, IBK, CMBC, Everbright, and Ping An Bank.
 - Institutional clients and individual clients who haven't applied for bank futures transfers can make deposits by filling out a deposit voucher.
 


Keywords
- 5-10 years
 - Regulated in China
 - Futures License
 - Medium potential risk
 
User Reviews 6
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往日的回忆
Hong Kong
The platform brags about their teachers and asks clients to buy position largely without setting the stop-loss price.
Exposure
FX2603304482
Hong Kong
I knew this platform accidentally. Though I have never traded before, I did made some money by trading stock with the help of the master. With his promise that I could make profits, even multiple within one week, so I said yes. He urged me to open an account as soon as possible. Having considered overnight, I opened an account and deposited a half of my savings these years, 340000 RMB, into the account. However, with the master’s several guidance,I made huge loss. He tried to comfort me and promised to earn my money back double. But I made a constant losses of 290,000 RMB within a week.The master didn’t give me a reasonable explanation but urged me to add fund to earn my losses back,which made me disilluded totally.Having refused to add more and stopped the trade, I was removed out of the group immediately. I tried to contact the master, got no reply, and was deleted and blacklisted by him later.
Exposure
LanQ88666
Hong Kong
Key words: ZHESHANG , manaer Li, Teacher Xie, Dream chaser, Teacher Chen, Unable to withdraw, XAU/USD, crude oil and future. At first, a stranger, who pro-claimed as the manager Li from Nine o’clock Finance, told me about the advantages of international future and their professional teachers. I was induced to deposit and the nightmare began. Now I figured out that it is a scam platform.From October 30th, each order given by teacher Xie was wrong. I didn’t want to trade anymore since the loss was overriding profits. The the manager arranged the Dream Chaser for me. At first, I made some profits. The teacher emphasized that we must follow his instruction. During 12 to 13, the teacher told me not to close position or stop loss, resulting in my losses of $15000! All my saving s was gone. My mother is now in the hospital for a heart surgery. I even couldn’t afford the 50000 RMB deposit. I am hopeless. Looking at my mother, I have no idea but to move on. My friend, who is a lawyer, tells that I have encountered with scam. I have called the police, only to get my money back.
Exposure
mirror image
Hong Kong
Zhejiang Commercial Futures was established in 1995, headquartered in Hangzhou, with a registered capital of 1.371 billion yuan. It is a state-owned holding enterprise under Zhejiang Provincial Transportation Investment Group. It has AA-level futures company qualifications and its comprehensive strength ranks among the top ten in the industry. The company's business covers commodity futures, financial futures, asset management, and risk management, and has 24 branches and 8 subsidiaries nationwide, forming a service network that radiates economically developed cities. As an industry benchmark, Zhejiang Commercial Futures is based on compliant operations and pays attention to risk management and technological innovation. Its independently developed "Enterprise Intelligence" digital platform provides full-process risk management solutions for physical enterprises through an investment research integration model, and its related achievements have won the Financial Technology Development Award. In terms of serving the real economy, the company has innovatively launched the "Insurance + Futures" model, providing more than 6 billion yuan in risk protection for farmers in 17 provinces, and helping optimize the industrial chain through mechanisms such as "delivery first, price later". At the technical level, Zhejiang Commercial Futures provides multiple trading systems, including the CTP system that supports high-frequency trading, options strategy tools, and mobile apps, to meet the needs of different investors. The research team covers fields such as energy, chemicals, and agricultural products, and has won the title of outstanding analyst team from the exchanges multiple times. In recent years, the company has won honors such as "Annual Excellent Futures Institution" and "Best Rural Revitalization Service Award", and was selected as a leading enterprise in the service industry in Zhejiang Province in 2024. It should be noted that Zhejiang Commercial Futures has been subject to regulatory penalties in the past due to system access management issues. However, it has gradually restored its industry position through strengthening risk control systems and compliance construction. Overall, with its state-owned background, professional research capabilities, and innovative services, it is suitable for investors who focus on risk control and industrial services. However, high-frequency traders need to pay attention to the cost structure of transaction fees.
Neutral
LanQ88666
Hong Kong
Key words: ZheSang , manaer Li, Teacher Xie, Dream chaser, Teacher Chen, Unable to withdraw, XAU/USD, crude oil and future. At first, a stranger, who pro-claimed as the manager Li from Nine o’clock Finance, told me about the advantages of international future and their professional teachers. I was induced to deposit and the nightmare began. Now I figured out that it is a scam platform.From October 30th, each order given by teacher Xie was wrong. I didn’t want to trade anymore since the loss was overriding profits. The the manager arranged the Dream Chaser for me. At first, I made some profits. The teacher emphasized that we must follow his instruction. During 12 to 13, the teacher told me not to close position or stop loss, resulting in my losses of $15000!
Exposure
yujin3110
Hong Kong
In this September, a stranger, who proclaimed as the salesman of a security company, added me and pulled me into a stock group, in which Chen Daoming gave stock recommendation and analysis. Having listened for while, I figure out that the stock recommended was profitable. But several days later, saying that the stock market was volatile, he recommended us ZheSang and sent his profit screenshots to induce us. Without hesitation, I joined. Then he asked us to operated one-third of the position to avoid the risk. Many members sent the profit screenshots as well as the red pockets to the group. At this time, Chen claimed that if we want to earn more profit like 10%, we need to add fund. I didn’t resist the temptation and deposited 390000 RMB. And I made all losses within 2 days.
Exposure