NH FUTURES Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-29 13:32

Abstract：NH FUTURES is a financial broker registered in South Korea in 1997. It provides four kinds of trading instruments but without transparent trading conditions. Besides, this broker lacks a legal license from any official authority.

NH FUTURES Review Summary
Founded	1997
Registered Country/Region	South Korea
Regulation	No regulation
Market Instruments	Forex, Commodities, Indices, Cryptocurrencies and Futures
Demo Account	❌
Trading Platform	/
Min Deposit	/
Customer Support	Email: ellykim@futures.co.kr
	Phone: 1588-4280
	Physical Address: NH Futures 16, 17F, 2, Gukjegeumyung-ro 8-gil, Yeongdeunpo-gu, Seoul, Korea

　　NH FUTURES is a financial broker registered in South Korea in 1997. It provides four kinds of trading instruments but without transparent trading conditions. Besides, this broker lacks a legal license from any official authority.

Pros and Cons

Pros	Cons
Long history of operation	Limited account types
Multiple trading choice	Lack of legal regulation
	Limited info on trading conditions

Is NH FUTURES Legit?

　　NH FUTURES lacks legal regulation. Trading with an unregulated broker like CryptoXtreme exposes you to significant risks. Additionally, the domain name for this company was registered on January 4, 1997, was last updated on August 16, 2022, and will expire on October 15, 2025.

What Can I Trade on NH FUTURES?

　　NH FUTURES offers five types of domestic tradable instruments, including stock index futures, interest rate futures, currency futures, product gift and night market. Meanwhile, it also offers overseas instruments, including currency futures, energy futures, interest rate futures, precious metal futures, agricultural and livestock futures, and index futures.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Stocks	❌
Futures	✔
Bonds	❌
Options	❌

Fees

　　NH FUTURES charges fees according to the market instrument types. For example, for common KOSPI200 futures, the fees are set at transaction amount * 0.00995%, and for common Mini KOSPI 200 futures, they are set at transaction amount * 0.00995%. For more details, you can refer to:

　　https://futures.co.kr/content/Getcontent.do?content=3000005

Deposit and Withdrawal

　　NH FUTURES charges deposit usage fee. For domestic derivatives deposit, it ranges from 0.4% to 0.6%. However, overseas derivatives deposit charges no usage fee.

　　Domestic derivatives deposit usage fee:

Won Deposits - Cash Entrustment Margin: Average Balance: 0.6% per year
Cash Entrustment Margin - Cash Deposit Required Amount: Average Balance: 0.4% per year

　　Please visit the following website for more details:

　　https://futures.co.kr/content/Getcontent.do?content=4000136