Overview of Goldstate Futures
Goldstate Futures is an unregulated company operating in the financial trading industry. Based in Haikou City, Hainan Province, China, they have been providing trading services for 5-10 years. Specializing in futures trading, Goldstate Futures participates in the Shanghai Gold futures market, which is based on the regional gold benchmark price from the Shanghai Gold Exchange. Their futures contracts are denominated in either US dollars or Chinese renminbi, and they can be accessed through CME Group's COMEX exchange.
The company's headquarters are located at the Securities Building, No. 36 Nanbao Road, Meilan District, Haikou City. However, there is limited information available about their specific trading platform, tradable assets, account types, minimum deposit, and deposit/withdrawal.
Regulation
Goldstate Futures operates under offshore regulationfor trading futures using the license number 0117. The specific regulatory agency overseeing their operations is the China Financial Futures Exchange. Offshore regulation typically refers to financial regulations implemented in jurisdictions outside of the company's primary operating region. It is important to note that offshore regulation may have different requirements, standards, and levels of oversight compared to other regulatory frameworks.
The investor protection measures and safeguards provided by offshore regulators may vary and may not offer the same level of security as those provided by more stringent regulatory regimes. The lack of comprehensive oversight and transparency can make it challenging for customers to address any potential disputes or seek recourse in case of issues with the company. Additionally, the absence of clear regulatory guidelines and stringent compliance standards may increase the risk of fraudulent activities or unethical practices.
Pros and Cons
Goldstate Futures specializes in trading futures contracts in the Shanghai Gold market, offering access to a unique segment of the financial market. Traders interested in this specific market may find value in their focused approach and specialized offerings. Additionally, Goldstate Futures provides educational resources covering various topics such as basic knowledge, anti-money laundering, futures training, and investor protection. These educational materials can be beneficial for traders looking to enhance their understanding and skills in future trading. Furthermore, Goldstate Futures offers customer support through email and phone channels, providing avenues for clients to seek assistance or address any concerns they may have.
As a company operating under offshore regulation, Goldstate Futures lacks the comprehensive oversight and transparency provided by well-established regulatory authorities. This may raise concerns about investor protection and the level of regulatory scrutiny. Additionally, the absence of specific details about their trading platform, account types, and minimum deposits creates uncertainty for potential clients.
Market Instruments
Goldstate Futures specializes in trading Shanghai Gold futures contracts. These futures contracts are based on the regional gold benchmark price from the Shanghai Gold Exchange (SGE). They offer the opportunity to speculate on the price movements of gold in the Shanghai market, providing potential trading opportunities for investors.
Account Types
Goldstate Futures offers accounts trading in Energy Futures, Commodity Futures, and Financial Futures. However, specific information regarding the differences of these accounts other than the futures associated is not provided.
How to open an account？
To open an account with Goldstate Futures, follow these steps:
Visit the Goldstate Futures homepage during their business hours.
2. Look for the account creation button or link on the homepage. Click on it to access the account registration page.
3. If the account creation page is only available during business hours, ensure that you are accessing the website within the specified timeframe. Take note of the company's business hours to ensure you visit the website at the appropriate time.
4. Once you are on the account creation page, carefully fill out the required information. This may include personal details such as your name, contact information, and identification documents.
5. Follow the instructions provided on the account creation page to complete the registration process. Ensure that you provide accurate and valid information.
6. Submit your account application and wait for confirmation from Goldstate Futures. They may provide further instructions or require additional documentation for verification purposes.
Please note that the availability of the account creation page during business hours suggests that Goldstate Futures may have specific operating hours for handling account applications.
Deposit & Withdrawal
Goldstate Futures offers deposit and withdrawal methods primarily through bank transfer. Customers can utilize bank transfers for their financial transactions during specified banking hours. The processing time for signing and canceling bank futures contracts is typically between 8:30 am and 3:30 pm, Monday to Friday, excluding holidays. Bank transfers can be made during similar hours, allowing customers to deposit funds into their accounts. However, it's important to note that withdrawal requests may only be processed during specific hours, from 8:30 am to 3:30 pm or from 8:30 pm to 2:30 am the following day, depending on the situation. Customers are required to have a futures account with Goldstate Futures and register their bank card as a settlement account. Contract signing can be completed through online banking or mobile banking platforms, or in person at a bank counter by presenting a bank card and personal ID card.
Trading Platforms
Goldstate Futures does not disclose specific information about the trading platform they offer. It is unclear whether they utilize a third-party platform or have developed their own proprietary trading platform. The lack of transparency regarding the trading platform raises questions about its features, functionality, and user experience. Traders should consider that the use of a proprietary platform may limit access to certain tools, resources, or compatibility with popular third-party trading platforms.
Customer Support
Goldstate Futures provides both Email and Phone support. The details are as follows:
Email: Customer support at Goldstate Futures can be reached via email at bgs@jyqh.cn. This channel allows customers to send inquiries, seek assistance, or address any concerns they may have by directly communicating with the company's customer support team. Email communication offers a written record of correspondence and enables customers to convey detailed information or attach relevant documents for further clarification or assistance.
Phone: Customers can also contact Goldstate Futures through their customer support hotline at 0898-66676633. By calling this phone number, customers can directly speak with a representative from the company's customer support team. This channel provides real-time interaction where customers can seek immediate assistance, ask questions, or receive guidance regarding their accounts, services, or other related inquiries.
Additionally, each department of Goldstate Futures offers a service telephone number, all of which can be accessed from the “Contact Information” page of the main website.
Educational Resources
Goldstate Futures provides an “Education Corner” with the following categories:
Basic Knowledge: Goldstate Futures provides educational content focused on basic knowledge related to futures trading. This content aims to offer traders fundamental information, terminology, and concepts in the field of futures trading. It may cover topics such as market mechanics, trading strategies, risk management, and other foundational aspects to enhance traders' understanding of the futures market.
Anti-Money Laundering Publicity and Education: Goldstate Futures offers educational materials and resources related to anti-money laundering (AML) regulations. This content aims to raise awareness among traders about AML compliance requirements and the importance of preventing illicit financial activities within the futures trading industry. It may provide guidance on AML policies, procedures, and best practices to ensure traders are informed and compliant with relevant regulations.
Futures Training: Goldstate Futures provides futures training materials and resources to support traders in enhancing their knowledge and skills in futures trading. These educational resources may include courses, workshops, or tutorials covering various aspects of futures trading, such as technical analysis, fundamental analysis, trading strategies, and risk management techniques.
Investor Protection Bulletin Board: Goldstate Futures offers an investor protection bulletin board where traders can access important information related to investor protection. This bulletin board may provide updates on regulatory changes, investor rights, risk warnings, and other relevant information to help traders safeguard their interests and make informed investment decisions. It aims to promote transparency and awareness among traders regarding investor protection measures and regulations.
Anti-Non-Publicity Column: Goldstate Futures features an anti-non-publicity column, which aims to discourage and raise awareness about non-publicity activities within the futures trading industry. This educational content may focus on addressing issues related to insider trading, dissemination of non-public information, and unethical practices.
Conclusion
Goldstate Futures, an unregulated company operating under offshore regulation, offers trading services in the specialized Shanghai Gold futures market. With several years of industry experience, their focus lies in providing access to futures contracts denominated in US dollars or Chinese renminbi. The company's headquarters are located in Haikou City, Hainan Province, China. While their website offers limited information regarding account types, minimum deposits, and trading platforms, Goldstate Futures facilitates trading through their undisclosed platform.
Customer support is available through email and phone channels, allowing traders to seek assistance during specified business hours. The company also provides educational resources covering basic knowledge, anti-money laundering, futures training, investor protection, and an anti-non-publicity column.
FAQs
Q: What is Goldstate Futures' main focus in terms of trading？
A: Goldstate Futures specializes in trading futures contracts in the Shanghai Gold market.
Q: Where is Goldstate Futures headquartered？
A: Goldstate Futures is headquartered in Haikou City, Hainan Province, China.
Q: What regulatory status does Goldstate Futures have？
A: Goldstate Futures operates under offshore regulation.
Q: How can I contact Goldstate Futures' customer support？
A: You can reach Goldstate Futures' customer support via email and phone channels.
Q: Does Goldstate Futures provide educational resources？
A: Yes, Goldstate Futures offers educational content covering various topics such as basic knowledge, anti-money laundering, futures training, and investor protection.
Q: Is Goldstate Futures a regulated company？
A: No, Goldstate Futures is an unregulated company operating under offshore regulation.
