Note: SDS's official site - http://www.sdsfx.co.uk/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is CEFC Futures？
CEFC Wanda, also known as Huarong Rongda Futures Co., Ltd, is a China-based futures trading company with a history spanning 5-10 years. It operates under the regulation of the China Financial Futures Exchange (CFFEX), providing it with a robust framework of oversight and ensuring its adherence to industry standards and financial regulations.
The company's official website is currently unavailable, which may limit the accessibility of information for prospective clients. Nonetheless, CEFC Wanda provides customer support via email, which could serve as a point of contact for various inquiries.
Located in Zhengzhou at Wanda Futures Building, No. 27, Shangwu Inner Ring Road, Zhengzhou City, CEFC Wanda operates its services within the Chinese jurisdiction. However, potential clients should ensure they fully understand the contract terms, given the inherent risks associated with futures trading.
Pros & Cons
Pros:
Regulated by CFFEX: This regulation provides assurance to clients that the company adheres to industry standards and financial regulations, mitigating potential risks.
Various Financial Products Provided: CEFC Futures offers several financial services including futures, options, risk management, and other services that cater to varied needs of investors.
Various Trading Softwares Provided: With the offering of multiple trading platforms, clients can choose a platform that suits their preference and needs.
Relatively Flexible Deposit and Withdrawal Methods: The options provided for deposit and withdrawal allow for convenient and timely transactions.
Cons:
Is CEFC Futures Safe or Scam？
CEFC Wanda, known as Huarong Rongda Futures Co., Ltd in Chinese, is regulated by the China Financial Futures Exchange (CFFEX). As a regulated entity, it must adhere to a range of standards and rules set by the CFFEX intended to ensure fairness and transparency in the futures market. The company holds a futures license, with the license number 0119.
Being regulated by the CFFEX provides a degree of security for CEFC Wanda's clients as they can expect the firm to comply with regulatory standards that are designed to protect customers and maintain the integrity of financial markets.
However, it is noteworthy that CEFC Wanda's official website is currently unavailable. A company's website typically serves as a crucial source of information for current and prospective clients. The website can offer a wide range of information about the firm, its services, its regulatory compliance, as well as other details like terms and conditions, privacy policy, and other disclosures. Therefore, the lack of an accessible website could pose a potential information barrier for users looking to understand more about CEFC Wanda.
Financial Products & Services
Futures trading: Permits investors and traders to purchase and sell futures contracts on various underlying assets. This allows for speculation on the direction of price movements and can help hedge against potential price volatility.
Options trading: This allows investors to buy an option to trade an asset at a specified price on or before a specific date, offering a way to hedge against risk or speculate on the direction of the asset's price movement.
Risk management: Huarong Rongda Futures provides strategies and measures to identify, analyze, mitigate, and monitor risks within a portfolio, aiding investors to protect their assets against potential market fluctuations.
Asset management: This service involves the management of a client's investments by the firm with the intention of reaching the client's financial goals. This could include choosing suitable investment opportunities and handling specific transactions.
Fund investment: Huarong Rongda Futures probably offers opportunities for clients to invest in a variety of funds such as mutual funds, hedge funds, or exchange-traded funds (ETFs). These kinds of investments pool money from various investors to invest in a diversified portfolio of assets.
Trading Software
Huarong Rongda Futures CTP Chairman Express V3 Client: It appears to be a version of their client trading executable software, designed to provide traders with advanced functionalities for futures trading.
Huarong Rongda Futures CTP Chairman Express V2 Client: This is an earlier version of the aforementioned platform.
Huarong Rongda Futures CTP Chairman Boyi Master Cloud Trading Edition: This trading platform is cloud-based, which means it allows users to trade from anywhere and any device, providing flexibility and convenience.
Huarong Rongda Futures Shengjixing Client 9.3: Another software solution, potentially designed for a defined demographic of traders or a specific set of trading functions.
Huarong Rongda Futures Wing Chun Options Trading Terminal: A dedicated terminal meant for trading options, providing relevant functionalities for options trading.
Meeting Point Stock Options Professional Investment System-CTP: A platform specialized for stock options trading.
Palm Wealth APP: A mobile app that permits users to manage their investments conveniently on their mobile devices.
Deposit & Withdrawal
CEFC Futures, or Huarong Rongda Futures, provides a convenient and quick means for clients to transfer funds between their futures margin and bank settlement accounts. This can be done through futures self-accounting trading systems, online banking, and telephone banking. The recommended method for depositing and withdrawing funds is silver transfer, which is known for being quick, safe, and real-time. Notably, as of now, banks do not charge any commissions for these transfers, both inbound and outbound.
If a bank transfer is not an available option, non-banking transfers can be conducted through internet banking or at a bank counter (by check or wire transfer).
However, it is important to note that any withdrawal requests from clients must be faxed to Huarong Rongda Futures before 15:30 on the respective trading day. Failure to do so will result in the delay of the withdrawal to the following trading day.
Conclusion
In conclusion, CEFC Futures, also known as Huarong Rongda Futures, is a futures trading firm based in China. The firm is regulated under the China Financial Futures Exchange (CFFEX), offering a range of financial products and services which include futures trading, options trading, risk management, asset management and fund investments. It also provides various trading software and flexible deposit and withdrawal methods. However, the firm's official website is currently not accessible which can pose a hurdle for potential or existing clients seeking comprehensive information about the company's operations and services.
Frequently Asked Questions (FAQs)
Q: How is CEFC Futures regulated？
A: CEFC Futures is regulated under the China Financial Futures Exchange (CFFEX). The company holds a futures license with the license number 0119.
Q: What financial products and services does CEFC Futures provide？
A: CEFC Futures offers a variety of financial products such as futures and options trading, risk management, asset management and fund investment to its clients.
Q: What trading platforms are offered by CEFC Futures？
A: CEFC Futures provide various trading software options for the convenience of its clients such as Huarong Rongda Futures CTP Chairman Express V3 Client, Huarong Rongda Futures Wing Chun Options Trading Terminal and palm wealth APP among others.
Q: What are the methods for deposit and withdrawals in CEFC Futures？
A: CEFC Futures allows for deposit and withdrawal of funds mainly through bank transfer. Non-banking transfers can also be conducted through internet banking or at a bank counter (by check or wire transfer).
Q: How can I contact CEFC Futures？
A: You can contact CEFC Futures via their customer support email service@hrrdqh.com. As the company's official website is currently inaccessible, additional contact details are not available at this time.
Q: Can I withdraw my profits on the same day of closing a position in CEFC Futures？
A: As per the regulations of the Securities and Futures Commission, withdrawals are not allowed for closing profit positions on the same day.
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.
