Samsung Futures

Aspect	Information
Registered Country/Area	South Korea
Founded year	2-5 years (exact founding year not specified)
Company Name	Samsung Futures
Regulation	Suspicious Regulatory License
Minimum Deposit	Not mentioned
Margins	Vary depending on the type of contract
Trading Platforms	HTS (Home Trading System), HTS Demo
Tradable assets	KOSPI (KOSPI200 Futures, KOSPI200 Options, KQ150 Index Futures), Korea Treasury Bond Futures, Single Stock Futures and Options, Currency Futures and Options, Commodity Products (Gold Futures)
Account Types	Omnibus account
Demo Account	Available (HTS Demo)
Trading Hours	Vary depending on the specific market instruments
Customer Support	IB Client Services: ssfuturesintlsales@samsung.com, +822-3707-3931; Electronic Trading Client Services (DMA): ssfutures.dma@samsung.com, +822-3707-3560
Payment Methods	Not mentioned

Overview of SAMSUNG FUTURES

Samsung Futures is an unregulated broker operating in South Korea, offering a range of market instruments across different categories. While they provide various trading options, it is important to note the potential risks associated with trading with an unregulated broker. Without proper regulation, there is a lack of transparency, fair practices, and investor protection.

The market instruments offered by Samsung Futures include products related to the KOSPI index, Korea Treasury Bonds of different durations, single stock futures and options, currency futures and options, and commodity products such as gold futures and lean hog futures (which are no longer available for trading).

Samsung Futures offers an omnibus account for trading, allowing position monitoring and management at the sub-account level. Margin rates vary depending on the type of contract, and deposit and withdrawal processes follow specific rules and regulations set by the Korea Exchange (KRX) to protect customers. Samsung Futures provides two trading platforms: HTS (Home Trading System) and HTS Demo, offering a user-friendly interface for trading activities.

While Samsung Futures offers trading opportunities, it is essential to exercise caution due to the lack of regulation and associated risks. Traders are advised to consider alternative regulated brokers that can provide a higher level of security and accountability for their investments.

Pros and Cons

Samsung Futures offers several pros and cons for potential traders. On the positive side, it provides a variety of market instruments across different categories, allowing traders to access various trading opportunities. The option to trade in a single omnibus account enables position monitoring and management. Samsung Futures also offers an HTS platform equipped with features and tools for trading activities. Additionally, the margin rates vary based on the contract type, providing flexibility for traders. The deposit and withdrawal processes are regulated by the Korea Exchange (KRX), helping with a level of protection for customer funds. Samsung Futures also maintains separate customer deposit accounts for added security. On the downside, there are concerns about a suspicious regulatory license, raising questions about the oversight and accountability of the broker. The limited account types available may not cater to all traders' needs. There may be limitations in terms of payment methods accepted by Samsung Futures. Furthermore, the lack of educational resources could hinder traders' ability to learn and make informed decisions. Lastly, customer support provided by Samsung Futures may have limitations, potentially affecting the level of assistance available to traders.

Pros	Cons
Provides market instruments across categories	Suspicious regulatory license
Offers trading in a single omnibus account	Limited account types
HTS platform with features and tools	Limited customer support
Margin rates vary based on contract type	Lack of payment methods
Deposit and withdrawal rules regulated by KRX	Lack of educational resources
Provides separate customer deposit accounts
Specific trading hours for each instrument

Is SAMSUNG FUTURES Legit？

Samsung Futures is a broker that operates without any valid regulation. This means that there are no authoritative bodies overseeing or monitoring their activities. It is crucial to understand that trading with an unregulated broker like Samsung Futures carries inherent risks. Without proper regulation, there is no guarantee of transparency, fair practices, or investor protection. It is advisable to exercise caution and consider alternative regulated brokers that provide a higher level of security and accountability for your investments.

Market Instruments

Samsung Futures offers a range of market instruments across different categories. Here is a summary of the types of instruments they provide:

1. KOSPI: Samsung Futures offers products related to the KOSPI index, such as KOSPI200 Futures, KOSPI200 Options, and KQ150 Index Futures.

2. KTB (Korea Treasury Bond): They provide futures contracts for different durations of Korea Treasury Bonds, including 3-year, 5-year, and 10-year KTB Futures.

3. Single Stock: Samsung Futures offers Single Stock Futures and Single Stock Options for a variety of listed stocks on the KOSPI market, including companies like AmorePacific Corporation, Hyundai Motors, LG Electronics, and Samsung Electronics.

4. Currency: They provide futures contracts and options for different currencies. Examples include US Dollar Futures, US Dollar Options (currently unavailable for trading), Japan Yen Futures, and Euro Futures.

5. Commodity Products:

Gold Futures: The underlying asset for Gold Futures is a fine gold bar with a purity of 99.99%. The contract size is 1 Kg (1,000g), and the price quotation is in Korean Won (KRW) per gram. The tick size is 10, representing a value of KRW 10,000.

Lean Hog Futures: Please note that this product is no longer available for trading. The underlying asset for Lean Hog Futures was the Lean Hog Index calculated by the Animal Products Grading Service. The contract size was 1,000 kg, and the tick size was 5 KRW/kg, representing a value of 5,000 KRW (=1,000kg x 5 KRW).

Each instrument has specific specifications, including underlying assets, contract sizes, tick sizes and values, contract months, and margin requirements. It is important to thoroughly understand these details and carefully consider the associated risks before engaging in trading activities with Samsung Futures or any other broker.

Pros and Cons

Pros	Cons
Diverse range of market instruments	Limited availability of certain options
Exposure to various asset classes	Need for thorough understanding of specifications
Potential for hedging and risk management	Risk of trading losses

Account Types

Samsung Futures offers clients the ability to trade in a single account known as an omnibus account, which enables position monitoring and management at the sub-account level.

Margins

The margin rates for Samsung Futures vary depending on the type of contract. For Single Stock Options, the initial margin rate ranges from 7.05% to 49.05%, while the maintenance margin rate ranges from 4.70% to 32.70%. For KOSPI200 Futures and KOSPI200 Options, both have an initial margin rate and maintenance margin rate of 7.95% and 5.3% respectively. Korea Treasury Bond Futures have different rates based on the duration, with the initial margin rate ranging from 1.602% to 4.41%, and the maintenance margin rate ranging from 1.07% to 2.94%. Lastly, Gold Futures have an initial margin rate of 6.3% and a maintenance margin rate of 4.2%.

Deposit & Withdrawal

Deposit and Withdrawal at Samsung Futures follow specific rules and regulations set by the Korea Exchange (KRX). Customers, except for qualified institutional investors, are required to deposit customer margin with member firms before placing an order. The order cannot be submitted without the necessary margin deposit. However, no margin deposit is needed for transactions between member firms and the KRX. Member firms may deposit the required margin by noon of the next trading day.

To protect customers, the KRX provides separate accounting of customers' deposits. Customer's deposits for futures trading are maintained in separate accounts, distinct from the member firms' properties. The Futures Trading Act mandates that member firms deposit customer margins with the Korea Securities Finance Corporation (KSFC) and customers' securities with the Korea Securities Depository (KSD).

The KRX monitors the financial status of its members regularly, including the balance of margins and their financial requirements. It also requires members to submit financial statements quarterly. In the case of a member firm's failure to fulfill obligations, the KRX provides compensation through a sequential procedure. This includes using funds from the Joint Compensation Fund, fidelity guarantee money, margins deposited by the concerned clearing members, and cash due to them. The KRX can also utilize the Joint Compensation Funds contributed by other clearing members in proportion to their contributions. Additionally, the KRX maintains a credit line of up to KRW 100 billion from a bank to address any emergencies that may arise on the KRX market.

Pros and Cons

Pros	Cons
Clear rules and regulations set by the Korea Exchange (KRX)	No flexibility in margin deposit requirement for customers, which may limit their trading options
Customer deposits are kept separate from member firms' properties	Lack of convenience for customers, as they need to deposit margin before placing an order
Regular monitoring of members' financial status and submission of financial statements	Limited liquidity options for customers due to the strict deposit and withdrawal procedures

Trading Platforms

Samsung Futures offers two trading platforms: HTS (Home Trading System) and HTS Demo.

HTS (Home Trading System) is a downloadable trading platform provided by Samsung Futures. It allows users to access and trade various financial instruments. The HTS platform offers a range of features and functionalities to facilitate trading activities. While the specifics of these features are not mentioned, users can expect a comprehensive interface with tools for market analysis, order placement, and monitoring of positions. The HTS platform is designed to provide a user-friendly trading experience for clients.

HTS Demo is a demo version of the HTS platform offered by Samsung Futures. It allows users to simulate trading activities without using real money. This demo platform is useful for users who want to practice trading strategies, explore the platform's features, or gain familiarity with the trading environment before engaging in real trading. By offering a demo version, Samsung Futures provides an opportunity for users to get hands-on experience with their platform and evaluate its suitability for their trading needs.

Pros and Cons

Pros	Cons
Comprehensive interface	No information on specific features
Allows simulated trading (HTS Demo)	Lack of real-money trading experience
User-friendly platform design	Limited information on platform setup

Trading Hours

The trading hours for Samsung Futures vary depending on the specific market instruments. The general trading hours for most instruments are as follows: Single Price Auction takes place from 08:00 to 09:00 and again from 15:35 to 15:45. Regular trading hours are from 09:00 to 15:45 on weekdays. On the last trading day, the trading hours are from 09:00 to 15:20 for most instruments, except for US Dollar Futures and Japan Yen Futures, which end at 11:30. Please note that these trading hours are based on Korean Standard Time and may be subject to change.

Customer Support

The trading hours for Samsung Futures may vary depending on the specific market instruments. It is recommended to contact the respective customer support for accurate and up-to-date information. For IB Client Services, you can reach out to ssfuturesintlsales@samsung.com or call +822-3707-3931. For Electronic Trading Client Services related to DMA, you can contact ssfutures.dma@samsung.com or call +822-3707-3560.

Conclusion

In conclusion, Samsung Futures operates without valid regulation, which poses potential risks for traders. The lack of oversight means there is no guarantee of transparency, fair practices, or investor protection. While Samsung Futures offers a variety of market instruments across different categories, including KOSPI, Korea Treasury Bonds, Single Stocks, Currencies, and Commodity Products, it is essential to thoroughly understand the associated risks and consider alternative regulated brokers for higher security and accountability. Samsung Futures provides an omnibus account for trading, and margin rates vary depending on the contract type. Deposit and withdrawal processes follow specific rules set by the Korea Exchange, and customer protection measures are in place. Samsung Futures offers two trading platforms, HTS and HTS Demo, for trading experiences and practice purposes. The trading hours vary by instrument, and accurate information can be obtained from customer support. It is crucial to exercise caution and fully research before engaging in trading activities with Samsung Futures or any unregulated broker.

FAQs

Q: Is Samsung Futures a regulated broker？

A: No, Samsung Futures operates without valid regulation, which carries inherent risks.

Q: What market instruments does Samsung Futures offer？

A: Samsung Futures offers instruments related to KOSPI, Korea Treasury Bonds, single stocks, currencies, and commodities.

Q: What are the margin rates for Samsung Futures？

A: Margin rates vary depending on the contract type, ranging from 1.602% to 49.05%.

Q: How does deposit and withdrawal work with Samsung Futures？

A: Deposit and withdrawal follow specific rules set by the Korea Exchange, with separate accounting of customer deposits for futures trading.

Q: What trading platforms does Samsung Futures provide？

A: Samsung Futures offers HTS (Home Trading System) and HTS Demo, allowing users to trade and practice trading strategies, respectively.

Q: What are the trading hours for Samsung Futures？

A: Trading hours vary by instrument and are based on Korean Standard Time.

Q: How can I contact customer support for Samsung Futures？

A: For IB Client Services, email ssfuturesintlsales@samsung.com or call +822-3707-3931. For Electronic Trading Client Services (DMA), email ssfutures.dma@samsung.com or call +822-3707-3560.