Miracle China

神华期货 | 2024-10-28 11:39

摘要：Miracle China is one of the major financial services providers in China set up in 1995. The company offers many financial products including commodity and financial futures, options, CFDs, IPO advisory, and wealth management services. The spreads start from 0.25 points, thus making them very competitive for pricing. The company makes provision for a multitude of ways to deposit and withdraw funds-one can choose a bank wire transfer or online payment methods common in their region, with a withdrawal fee of 10 RMB.

Miracle China Review Summary
Founded	1995
Registered Country/Region	China
Regulation	Regulated by China Financial Futures Exchange
Market Instruments	Commodity futures, financial futures, options, CFDs, IPO advisory, wealth management
Demo Account	Not Mentioned
Leverage	Not Mentioned
Spread	From 0.25 points
Trading Platform	Miracle China app
Min Deposit	Not Mentioned

Miracle China Information

Miracle China is one of the major financial services providers in China set up in 1995. The company offers many financial products including commodity and financial futures, options, CFDs, IPO advisory, and wealth management services. The spreads start from 0.25 points, thus making them very competitive for pricing. The company makes provision for a multitude of ways to deposit and withdraw funds-one can choose a bank wire transfer or online payment methods common in their region, with a withdrawal fee of 10 RMB.

Pros and Cons

Pros	Cons
Regulated by China Financial Futures Exchange	Withdrawal fee of 10 RMB
Competitive spreads starting from 0.25 points	Limited information on account types

Is Miracle China Legit?

Miracle China has a Futures License regulated by China Financial Futures Exchange Co. Ltd. (CFFEX) in China with a license number of 0261.

What Can I Trade on Miracle China?

Miracle China provides commodity futures including crude oil, natural gas, coal, metals, agricultural products, and livestock. In addition to commodity futures, Miracle China engages in financial futures trading involving instruments such as stocks, bonds, and currencies. Additionally, Miracle China extends its services beyond traditional trading by offering IPO advisory services.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Stock	✔
Cryptocurrency	✔
Shares	✔

Miracle China Fees

Miracle China has a comprehensive fee structure. Commissions are applied to all trades, with rates contingent on the asset class and contract size. Spreads also vary based on the asset class and contract size. Margin interest is levied on all margin accounts, typically set at 5% above the one-year LIBOR rate. Additionally, overnight fees apply to positions held overnight, calculated at 0.05% of the contract value.

Asset Class	Contract Size	Commission	Spread	Margin Interest	Overnight Fee
Commodity Futures	100 tonnes	0.10%	0.5 points	5% above 1-year LIBOR	0.05%
Financial Futures	10 contracts	0.05%	0.25 points	5% above 1-year LIBOR	0.05%
Options	1 contract	0.10%	0.5 points	5% above 1-year LIBOR	0.05%
CFDs	1 contract	0.05%	0.25 points	5% above 1-year LIBOR	0.05%

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Miracle China app	✔	Android and iOS	Investors of all experience levels
Zang Shang Cai Fu app	✔	Android	Investors of all experience levels
Tong Hua Shun Futures Gateway	✔	Android and iOS	Investors of all experience levels