Hua Chuang Futures

Overview of HUA CHUANG FUTURES

Hua Chuang Futures, established in 1995 in China, is regulated by the China Financial Futures Exchange. It offers a diverse range of over 60 trading assets, including commodities and financial products. The platform is known for its advanced trading features with mobile support and provides extensive educational resources.

However, it charges higher trading fees, at five times the standard exchange rate. The company supports deposit and withdrawal transactions through over 20 banks and offers customer support via a dedicated phone line.

Is HUA CHUANG FUTURES legit or a scam？

Hua Chuang Futures, regulated by the China Financial Futures Exchange with license number 0320, operates under a Futures License. This regulatory status ensures that the company adheres to the stringent standards and regulations set by Chinese financial authorities. For traders on the platform, this regulation signifies a level of oversight and compliance, contributing to a sense of security and reliability in their trading activities. The regulation also implies that Hua Chuang Futures operates within a structured and monitored financial environment, which is crucial for trader confidence and market integrity.

Pros and Cons

Pros of Hua Chuang Futures:

• Regulated by CFFE: Ensures compliance with regulatory standards, enhancing reliability and trust.

• 60+ Trading Assets: Offers a wide variety of trading options.

• Advanced Trading Platform with Mobile Support: Provides a modern, user-friendly trading platform accessible on mobile devices.

• Comprehensive Educational Resources: Offers extensive educational materials to enhance trader knowledge and skills.

Cons of Hua Chuang Futures:

• Higher Trading Fees: Charges fees at five times the standard exchange rate, which is costly for some traders.

• Limited Customer Support: Customer support options is more restricted compared to other platforms.

Market Instruments

Hua Chuang Futures offers over 60+ asset management plans, each named and numbered uniquely, such as “华创期货年年创金5号集合资产管理计划” and “华创海晟惠盈3号集合资产管理计划.” These plans cover diverse financial strategies and are tailored to different investment goals. The details and specifications of each plan are distinct, reflecting the variety of investment options available to clients.

How to Open an Account？

To open an account with Hua Chuang Futures, follow these six steps:

1. Visit the Hua Chuang Futures website and locate the account opening section.

2. Choose the type of account you wish to open.

3. Fill in the required personal and financial information in the application form.

4. Submit necessary identification and financial documents for verification.

5. Wait for the account approval and verification process to be completed.

6. Once approved, fund your account as per the guidelines provided.

Spreads & Commissions

Hua Chuang Futures sets its commissions based on a multiple of the exchange fees. For commodity futures and their options, as well as financial futures and their options, the agency trading fee is five times the standard exchange fee. For physical delivery in commodity futures contracts, financial futures, and cash settlement in financial futures, the fee is three times the exchange fee. The same fivefold standard applies to agency exercise and performance fees for both commodity and financial futures options. This fee structure is significant and would suit more experienced traders or those with higher trading volumes. For detailed fee structures, please visit Hua Chuang Futures' website.

Trading Platform

Hua Chuang Futures offers a variety of trading software for mobile and desktop platforms. Their mobile apps include “华创期货通,” which integrates trading, market data, consultation, and account opening, and “Hua Chuang accompany you,” providing comprehensive services including market information and trading without additional software fees. The “华创财讯通App” by Dalian Feichuang offers an all-in-one service encompassing market data, trading, and information. Additionally, they provide “carry-on” mobile trading software by Wenhua Finance, which started charging additional fees from October 10, 2018. For installation, these apps are available on Android and iOS platforms.

Deposit & Withdrawal

Hua Chuang Futures supports various payment methods through major Chinese banks including China Merchants Bank, ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, China Communications Bank, CITIC Bank, Industrial Bank, Shanghai Pudong Development Bank, and Minsheng Bank. A customer can bind only one bank card per bank. The banks offer multiple channels for transactions, including counter service, online banking, and mobile banking. However, Agricultural Bank of China and CITIC Bank do not currently support mobile banking for futures transfer.

Customer Support

Hua Chuang Futures provides customer support from its headquarters located in Chongqing, specifically at the 13th floor of the Hilton Business Building, Zhongshan San Road. For general inquiries, customers can contact the company via a dedicated phone line at 400-023-6678. Additionally, there is a separate phone number (023-89039483) specifically for complaints, ensuring that customer concerns are addressed promptly and effectively. This setup indicates a structured approach to customer service, with dedicated channels for different types of customer interactions.

Educational Resources

Hua Chuang Futures offers extensive customer educational support through its “Investor Education” section. This includes a “Futures Encyclopedia” providing comprehensive information about futures trading, a dedicated area for insurance-related education, and various investment case studies. Additionally, there's a “Learning Field” for broader educational content and a specialized column on anti-money laundering. These resources are aimed at enhancing customer knowledge and understanding of trading and regulatory practices, reflecting the company's commitment to informed trading and compliance.

Conclusion

Hua Chuang Futures, regulated by the CFFE, offers a wide range of over 60 trading assets and a user-friendly, advanced trading platform with mobile support. It also provides comprehensive educational resources to assist traders in their investment journey.

However, the platform's trading fees are higher, charging five times the standard exchange fee, which is a consideration for cost-conscious traders. Additionally, there is limited information about customer support options. Overall, Hua Chuang Futures balances extensive trading options and educational support with a higher fee structure.

FAQs

Q: What is Hua Chuang Futures？

A: It's a futures trading platform regulated by the China Financial Futures Exchange.

Q: What trading assets does Hua Chuang Futures offer？

A: The platform offers over 60 trading assets, including commodities and financial products.

Q: Are there educational resources available at Hua Chuang Futures？

A: Yes, they provide comprehensive educational materials for traders.

Q: What is the fee structure for trading on Hua Chuang Futures？

A: Their fees are typically five times the standard exchange fee.

Q: Does Hua Chuang Futures offer a mobile trading platform？

A: Yes, they have an advanced trading platform with mobile support.

Q: Is Hua Chuang Futures suitable for all types of traders？

A: The platform is suitable for a variety of traders but is costly for those sensitive to higher fees.