Chong Hing Commodities & Futures Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-06 16:44

Abstract：Chong Hing Commodities & Futures Limited (CHCF), a wholly-owned subsidiary of Chong Hing Bank, is a Hong Kong-based financial establishment concentrated on services in the financial sector. Its principal offerings include Futures and Options Contracts. With a sharp focus on maintaining credibility, CHCF operates under the regulation of the Securities and Futures Commission of Hong Kong (SFC), bearing the licence number AAJ506.

ChcfReview Summary
Founded	2001
Registered Country/Region	Hong Kong
Regulation	SFC
Market Instruments	Futures, Options
Demo Account	/
Trading Platform	SPTrader
Min Deposit	/
Customer Support	Phone: +852 3768 9988
	Email: info@chsec.com.hk
	Company Address: 2/F, Chong Hing Bank Center, 24 Des Voeux Road Central, Hong Kong

　　Chong Hing Commodities & Futures Limited (CHCF), a wholly-owned subsidiary of Chong Hing Bank, is a Hong Kong-based financial establishment concentrated on services in the financial sector. Its principal offerings include Futures and Options Contracts. With a sharp focus on maintaining credibility, CHCF operates under the regulation of the Securities and Futures Commission of Hong Kong (SFC), bearing the licence number AAJ506.

Pros & Cons

Pros	Cons
Regulated by SFC	Complex fee structure
Proprietary trading platform	Margin required for each contract

Is Chcf Legit?

　　CHCF operates under the regulatory supervision of SFC (Securities and Futures Commission of Hong Kong) with license no. AAJ506. This regulatory compliance indicates that their offerings align with the stipulated legal and ethical norms.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Regulatory Status
	Securities and Futures Commission of Hong Kong (SFC)	Chong Hing Commodities And Futures Limited	Dealing in futures contracts	AAJ506	Regulated

What Can I Trade on Chcf?

Trading Asset	Available
futures	✔
options	✔
forex	❌
commodities	❌
indices	❌
stocks	❌
cryptocurrencies	❌

Fees

　　CHCF charges varied fees based on contract type and transaction mode.

　　Fees include commission, Commission Levy, and Exchange Fee. Margin requirements apply to both Futures and Options Contracts and can change based on HKFE adjustments.

　　Futures Contract

Transactions Type		HSI	MHI	HHI	MCH	HTI	CHH
By Phone	Commission Charge (HK$)	110.00 / 70.00*	30.00 / 20.00*	120.00 / 80.00*	30.00 / 20.00*	110.00 / 70.00*	120.00 / 80.00*
	Commission Levy (HK$)	0.54	0.10	0.54
	Exchange Fee (HK$)	10.00	3.50	2.50	3.50	2.50
	Total Trading Fee (HK$)	120.54 / 80.54	33.60 / 23.60	124.04 / 84.04	32.10 / 22.10	115.54 / 75.54	130.54 / 90.54
Via Internet	Commission Charge (HK$)	100.00 / 60.00*	25.00 / 15.00*	110.00 / 70.00*	25.00 / 15.00*	110.00 / 70.00*	120.00 / 80.00*
	Commission Levy (HK$)	0.54
	Exchange Fee (HK$)	10.00	3.50	2.50	3.50	2.50
	Total Trading Fee (HK$)	110.54 / 74.04	28.60 / 18.60	114.04 / 74.04	27.10 / 17.10	105.54 / 65.54	120.54 / 80.54

　　Options Contract

Transactions Type		HSIO	MHIO	HHIO	MCHO	HTIO
By Phone	Commission Charge (HK$)	150.00	60.00	150.00	60.00	150.00
	Commission Levy (HK$)	0.54	0.10	0.54
	Exchange Fee (HK$) +	10.00	2.00	3.50	1.00	2.50
	Total Trading Fee (HK$)	160.54	62.10	154.04	61.54	155.54
Via Internet	Options Contract	100.00	30.00	100.00
	Commission Charge (HK$)	0.54	0.10	0.54
	Commission Levy (HK$)	2.00	2.00	3.50	1.00	0.54
	Total Trading Fee (HK$)	110.54	32.10	104.04	31.54	105.54

　　If you would like to get more information, you can visit https://www.chcf.com.hk/eng/A06_service_charge_and_margin.pdffor details or contact with the company for direct clarification.

Trading Platform

　　In the past, CHCF utilized the i-Future trading platform for its trading operations. However, in a shift towards upgrading its technological interface, the financial organization transitioned to the SPTrader System from March 26, 2018.

　　The SPTrader System, compatible with Windows operating systems version 7 and higher, enables CHCF to adapt to modern technological trends and provide a more streamlined, user-friendly trading experience to its customers.

Trading Platform	Supported	Available Devices	Suitable for
SPTrader	✔	/	Experienced traders
MT5	❌	Desktop, Mobile, Web	Experienced traders
MT4	❌	Desktop, Mobile, Web	Beginners

Deposit & Withdrawal

　　On CHCF, payments are made through Chong Hing Bank transfers. Clients need to uphold the margin requirements in their portfolios or follow their specified instructions, as CHCF can exercise rights over the funds in the clients' designated settlement accounts held at Chong Hing Bank before placing any orders. Clients must ensure enough available margin in their designated account for trade of futures contracts.

　　For withdrawals from futures accounts, clients should notify the Sales Department staff at CHCF and personally visit the head office or branches to fill the 'Client Fund Withdrawal Request Form'. Typically, fund withdrawal requests are processed on the next working day.