Overview of TIANFU FUTURES
Tianfu Futures is a brokerage firm based in China, offering access to a wide range of market instruments. They specialize in commodities and energy products, providing traders with the opportunity to engage in futures trading. Tianfu Futures offers a selection of trading platforms to cater to different trading styles and preferences.
Is TIANFU FUTURES regulated？
Tianfu Futures' regulatory affiliation with the China Financial Futures Exchange (CFFEX) is a significant factor that underscores the legitimacy and reliability of the brokerage. Being regulated by CFFEX, a recognized regulatory authority in China, provides a strong guarantee and assurance to traders and investors regarding the company's adherence to industry standards and compliance with relevant financial regulations.
CFFEX's oversight ensures that Tianfu Futures operates within the framework of regulatory guidelines and maintains the necessary standards for financial integrity and customer protection. This affiliation not only enhances the credibility of Tianfu Futures but also instills confidence among traders, as they can trust that their investments are being managed by a broker operating in a regulated and secure environment.
Pros and Cons
Tianfu Futures offers a regulated trading environment through its affiliation with the China Financial Futures Exchange (CFFEX), providing traders with confidence in its legitimacy. The broker offers a diverse range of market instruments, including various commodities and energy products, allowing for a wide array of trading opportunities. Additionally, Tianfu Futures provides multiple trading platforms to cater to different trader preferences and needs. They also offer educational resources, including guides and explanations of trading laws and regulations, which can be helpful for both novice and experienced traders. Furthermore, their customer support is accessible through phone and email, ensuring traders can seek assistance when needed.
One potential drawback of trading with Tianfu Futures is the absence of an English version of their website, which may restrict international traders who are not proficient in Chinese. Additionally, the broker's fee structure, while not explicitly detailed, can be a concern for traders as it may impact overall trading costs. Moreover, Tianfu Futures does not provide specific information regarding leverage or margin trading, leaving traders in the dark about this critical aspect of trading. Another drawback is the lack of variability in account types, potentially limiting options for traders with different needs. Traders should be aware of these limitations when considering this broker.
Market Instruments
Tianfu Futures offers a diverse range of futures contracts, providing investors with ample opportunities to engage in various segments of the commodities and financial markets. These futures contracts cover an array of commodities, including metals like copper, aluminum, zinc, and ferroalloys, as well as energy resources like crude oil and low-sulfur fuel oil. Additionally, the availability of futures contracts for agricultural products like wheat, cotton, and apples allows traders to participate in the agricultural sector.
Furthermore, Tianfu Futures extends its offerings to financial instruments, such as options and bonds, including Treasury Bond Futures Contracts. The inclusion of contracts like the CSI 300 and CSI 1000 Futures Contracts offers exposure to China's stock market indices. This variety of futures contracts empowers investors to diversify their portfolios and manage risk effectively by participating in different asset classes.
How to open an account in TIANFU FUTURES？
Traders looking to open an account with Tianfu Futures have the flexibility to choose between online and offline account opening options. If you prefer the traditional offline method for account opening with Tianfu Futures, follow these steps to make a reservation:
Reach out to schedule an offline account opening appointment.
Attend the in-person appointment at the designated location.
Bring the required identification and financial documents.
Complete the provided account application forms.
Wait for Tianfu Futures to confirm your account status.
For a more convenient online account opening experience with Tianfu Futures, follow these steps:
Go to the Tianfu Futures website.
Find and click on the “Open an Account” option.
Fill in personal details and submit the necessary documents.
Complete the online application form provided.
Submit the application and await approval from Tianfu Futures.
Whether you choose the traditional offline route or the more modern online method, Tianfu Futures makes the account opening process efficient and accessible for traders.
Spread and Commission Fees
Tianfu Futures imposes trading costs in the form of fees, and these fees vary depending on the specific futures contract or options being traded. Generally, for futures contracts, fees are calculated based on the transaction amount or the number of lots traded. For instance, for popular commodities like gold or copper, traders can expect to pay an average opening fee of approximately 0.0003 to 0.0006 and a normal handling fee of around 0.0006 to 0.0018, both charged proportionally to the transaction amount. Additionally, some futures contracts, like crude oil, may have no opening fees but charge a normal handling fee of around 120.00, levied as an absolute value.
Options trading also involves fees, which are applied based on the number of lots traded. For options like aluminum or gold, traders can anticipate paying an average Kaiping handling fee of 9.00, while the daily handling fee for these options is typically set at 0.00. The execution or performance fee for these options is typically charged at 9.00, and these fees are based on absolute values. It's important to note that the fees for futures and options contracts may be subject to real-time adjustments based on changes in exchange rules, so traders should stay informed about the most up-to-date fee structures.
Leverage
Tianfu Futures does not disclose specific information related to leverage or margin trading on its official website or regulatory documentation, leaving the availability and terms of such trading unclarified. This lack of transparency regarding leverage trading can potentially pose challenges for traders who rely on clear and comprehensive information to make informed decisions. It is advisable for individuals interested in margin trading with Tianfu Futures to directly contact the company's customer support or account representatives to obtain precise details and terms related to leverage trading, ensuring that they have a comprehensive understanding of the risks and opportunities associated with such trading activities.
Trading Platform
Tianfu Futures provides a range of trading platforms to cater to the diverse needs of its clients. These platforms include Boyi Cloud Market Trading Terminal, Kingstar Online Trading Terminal, Wenhua Yingshunyun Market Trading Terminal, Yi Jingjin, Express Trading Terminal V2, and Fast Trading Terminal V3.
These platforms offer a variety of features and capabilities, allowing clients to choose the one that best suits their trading preferences. They come in various sizes and offer updates to ensure they remain current and efficient. Clients can expect a comprehensive suite of tools, real-time market data, and user-friendly interfaces to facilitate their trading activities. It's important for clients to review the specific features of each platform and select the one that aligns with their trading goals and requirements.
Deposit & Withdrawal
Tianfu Futures offers convenient deposit and withdrawal methods for its clients. They support transactions through several major banks, enabling clients to use their existing bank cards without the need for new accounts. The transfer system typically does not involve handling fees when moving funds between deposit and bank cards. However, clients should be aware of the specific timing constraints for these transactions, limited to normal trading hours from Monday to Friday.
Clients must exercise caution when modifying their fund password, as it can result in a failed connection. After completing a bank transfer, changing the password is advisable for enhanced security. The minimum guarantee fund for bank-futures transfers is set at 1,000 yuan. Clients can make up to three withdrawals per day, with a single withdrawal limit of 500,000 yuan and a daily limit of 500,000 yuan. Those with positions may transfer up to 70% of their available withdrawal funds per transaction, and exceeding these limits requires special approval from the futures company.
Customer Support
Tianfu Futures places a strong emphasis on customer support to assist its clients in navigating the complexities of futures trading. Clients can reach out to their customer support team through multiple channels, including phone support at 0431-88993790 or the toll-free number 400-700-5136. This accessibility ensures that clients can seek assistance and have their queries addressed promptly, contributing to a smoother trading experience.
In addition to phone support, Tianfu Futures offers a dedicated customer service email address at tfqh@tfqh.com, providing clients with a convenient way to communicate their concerns or seek assistance in a written format. This email channel allows for more detailed inquiries and responses, ensuring that clients receive comprehensive support. Furthermore, the inclusion of live chat options underscores the company's commitment to convenience and efficiency, enabling clients to engage with customer support representatives in real time for immediate assistance.
Educational Resources
Tianfu Futures recognizes the importance of education in empowering its traders, and as such, offers a variety of educational resources to enhance their knowledge and skills. Traders can access a range of valuable materials, including comprehensive trading guides that provide step-by-step instructions and strategies for effective trading. These guides serve as invaluable tools, especially for novice traders looking to navigate the complexities of the futures market.
Moreover, Tianfu Futures goes beyond just trading strategies by providing explanations of laws and regulations governing trading activities. This commitment to transparency ensures that traders have a clear understanding of the legal framework within which they operate, fostering a sense of confidence and security. Additionally, the brokerage offers detailed explanations about each futures contract product it offers, enabling traders to make well-informed decisions.
Conclusion
In summary, Tianfu Futures presents a regulated trading platform under the supervision of the China Financial Futures Exchange (CFFEX). They offer a diverse range of market instruments, including commodities and energy products, accompanied by multiple trading platforms to cater to various trading preferences. The availability of educational resources and accessible customer support adds to the broker's appeal.
However, there are certain concerns that potential traders should be aware of. Tianfu Futures lacks an English version of its website, potentially limiting its accessibility to international traders who are not proficient in Chinese. Additionally, details regarding trading fees, leverage, and margin trading remain unclear, which may impact the overall trading experience.
Overall, Tianfu Futures offers a solid foundation for traders, but due diligence is necessary, especially for those outside of the Chinese-speaking community.
FAQs
Q: Is Tianfu Futures a regulated broker？
A: Yes, Tianfu Futures is regulated by the China Financial Futures Exchange (CFFEX), providing assurance of its legitimacy.
Q: What types of market instruments are available at Tianfu Futures？
A: Tianfu Futures offers a wide range of market instruments, including commodities like gold, copper, cotton, and energy products like crude oil.
Q: How can I contact customer support at Tianfu Futures？
A: You can reach Tianfu Futures customer support through phone at 0431-88993790/400-700-5136, or via email at tfqh@tfqh.com.
Q: What trading platforms are offered by Tianfu Futures？
A: Tianfu Futures offers various trading platforms such as Boyi Cloud Market Trading Terminal, Kingstar Online Trading Terminal, and more.
Q: Does Tianfu Futures provide educational resources？
A: Yes, Tianfu Futures offers educational materials, including trading guides, explanations of trading laws and regulations, and information on different futures contracts.
