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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

ZHESHANG

China|5-10 years|
Regulated in China|Futures License|Suspicious Scope of Business|Medium potential risk|

http://www.cnzsqh.com/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

China 3.67
Surpassed 77.80% brokers
Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

zsqh@cnzsqh.com
http://www.cnzsqh.com/
浙江省杭州市西湖区天目山路198号财通双冠大厦东楼9-12层
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

Licensed Institution:浙商期货有限公司

License No.:0009

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

WikiFX Risk Alerts
2024-12-26
  • The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!

Basic information

Registered region
China
Operating period
5-10 years
Company Name
浙商期货有限公司
Abbreviation
ZHESHANG
Company employee
--
Customer Service Email Address
zsqh@cnzsqh.com
Company website
Company address
浙江省杭州市西湖区天目山路198号财通双冠大厦东楼9-12层
Keywords 5
5-10 years
Regulated in China
Futures License
Suspicious Scope of Business
Medium potential risk

往日的回忆

Hong Kong

The platform brags about their teachers and asks clients to buy position largely without setting the stop-loss price.

Exposure

2020-02-22

FX2603304482

Hong Kong

I knew this platform accidentally. Though I have never traded before, I did made some money by trading stock with the help of the master. With his promise that I could make profits, even multiple within one week, so I said yes. He urged me to open an account as soon as possible. Having considered overnight, I opened an account and deposited a half of my savings these years, 340000 RMB, into the account. However, with the master’s several guidance,I made huge loss. He tried to comfort me and promised to earn my money back double. But I made a constant losses of 290,000 RMB within a week.The master didn’t give me a reasonable explanation but urged me to add fund to earn my losses back,which made me disilluded totally.Having refused to add more and stopped the trade, I was removed out of the group immediately. I tried to contact the master, got no reply, and was deleted and blacklisted by him later.

Exposure

2020-01-09

LanQ88666

Hong Kong

Key words: ZHESHANG , manaer Li, Teacher Xie, Dream chaser, Teacher Chen, Unable to withdraw, XAU/USD, crude oil and future. At first, a stranger, who pro-claimed as the manager Li from Nine o’clock Finance, told me about the advantages of international future and their professional teachers. I was induced to deposit and the nightmare began. Now I figured out that it is a scam platform.From October 30th, each order given by teacher Xie was wrong. I didn’t want to trade anymore since the loss was overriding profits. The the manager arranged the Dream Chaser for me. At first, I made some profits. The teacher emphasized that we must follow his instruction. During 12 to 13, the teacher told me not to close position or stop loss, resulting in my losses of $15000! All my saving s was gone. My mother is now in the hospital for a heart surgery. I even couldn’t afford the 50000 RMB deposit. I am hopeless. Looking at my mother, I have no idea but to move on. My friend, who is a lawyer, tells that I have encountered with scam. I have called the police, only to get my money back.

Exposure

2020-01-02

LanQ88666

Hong Kong

Key words: ZheSang , manaer Li, Teacher Xie, Dream chaser, Teacher Chen, Unable to withdraw, XAU/USD, crude oil and future. At first, a stranger, who pro-claimed as the manager Li from Nine o’clock Finance, told me about the advantages of international future and their professional teachers. I was induced to deposit and the nightmare began. Now I figured out that it is a scam platform.From October 30th, each order given by teacher Xie was wrong. I didn’t want to trade anymore since the loss was overriding profits. The the manager arranged the Dream Chaser for me. At first, I made some profits. The teacher emphasized that we must follow his instruction. During 12 to 13, the teacher told me not to close position or stop loss, resulting in my losses of $15000!

Exposure

2019-12-23

yujin3110

Hong Kong

In this September, a stranger, who proclaimed as the salesman of a security company, added me and pulled me into a stock group, in which Chen Daoming gave stock recommendation and analysis. Having listened for while, I figure out that the stock recommended was profitable. But several days later, saying that the stock market was volatile, he recommended us ZheSang and sent his profit screenshots to induce us. Without hesitation, I joined. Then he asked us to operated one-third of the position to avoid the risk. Many members sent the profit screenshots as well as the red pockets to the group. At this time, Chen claimed that if we want to earn more profit like 10%, we need to add fund. I didn’t resist the temptation and deposited 390000 RMB. And I made all losses within 2 days.

Exposure

2019-12-20

5
Biz Area
Website
Company Summary
Review

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Official website

Website

  • cnzsqh.com

    Server Location

    China

    Website Domain Name

    cnzsqh.com

    ICP registration

    浙ICP备10033536号-2

    Website

    WHOIS.PAYCENTER.COM.CN

    Company

    XINNET TECHNOLOGY CORPORATION

    Domain Effective Date

    2009-12-15

    Server IP

    61.164.40.163

Company Summary

ZHESHANG Review Summary
Founded1995
Registered Country/RegionChina
RegulationCFFEX
Market InstrumentsCommodities, Shares, Bonds, Futures and options
Demo Account
Trading PlatformZhe Shang APP, Zhe Shang Caixin APP, Hang Seng Online Trading System 5.0 (Fens) version, Bo Yi Master Lightning Hand...
Min Deposit/
Customer SupportEmail: zsqh@cnzsqh.com
Physical Address: Floor 9-12, East Building, Caitong Shuangguan Building, No. 198 Tianmushan Road, Xihu District, Hangzhou City, Zhejiang Province

ZHESHANG is a financial broker registeredin China in 1995. It offers five types of trading instruments and supports trading through multiple platforms. In addition, ZHESHANG operates under legal regulation and strictly complies with legal requirements.

ZHESHANG Review Summary

Pros and Cons

ProsCons
Multiple platforms supportLack of detailed info on fees
Legal regulation
Multiple trading choices
Long history of operation

Is ZHESHANG Legit?

ZHESHANG holds a futures license, issued by the China Financial Futures Exchange, with a license number of 0009, which indicates that this broker operates under strict laws.

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense Number
Is ZHESHANG Legit?
China Financial Futures Exchange (CFFEX)ZHESHANG FuturesFutures License0009
Is ZHESHANG Legit?

What can I trade on ZHESHANG?

ZHESHANG provides multiple financial service, which mainly includes Commodities (agricultural products, industrial products), Shares, Bonds (Macro Treasury Bonds), Futures and options.

Tradable InstrumentsSupported
Forex
Commodities
Options
Indices
Cryptocurrencies
Stocks
Bonds
Mutual Funds
Futures
What can I trade on ZHESHANG?

How to Open an Account on ZHESHANG?

Opening an account in ZHESHANG is fairly complex and you need to follow these steps:

(1) Visit the website and click [Online Account Opening] to enter the online account opening processing page;

(2) Fill in your ID number and graphic verification code, and click [Next]. You will need to enter your mobile phone number to register and log in to obtain a verification code;

(3) Upload your ID card and your handwritten signature;

(4) Complete other details;

(5) Complete the [Investor Risk Assessment Questionnaire];

(6) Choose your prefered Future Exchanges;

(7) Video verification;

(8) Set the digital certificate password and install it;

(9) Sign Agreement;

(10)Completes the [Return Questionnaire];

(11) Click Application Submission.

How to Open an Account on ZHESHANG?
How to Open an Account on ZHESHANG?

Trading Platform

ZHESHANG offers various trading platforms based on the products you choose. The platforms includes Zhe Shang APP, Zhe Shang Caixin APP, Hang Seng Online Trading System 5.0 (Fens) version, Bo Yi Master Lightning Hand, Yi Sheng Polaris, Fuyuan Online Quotation System Hang Seng version, Yi Sheng V8 Client, Wenhua WH6 Winshun Trading Software, Yi Sheng V8 Institutional Client, Yi Sheng Polaris 9.3.32 Internal and External Arbitrage Client, and Zhe Shang Futures MC9.1 Client. The client of ET Net, MC9 of Zheshang Futures, and CTP products of Pathfinder Flagship Edition, etc.

Trading Platform
Trading Platform

Deposit and Withdrawal

ZHESHANG provides different deposit and withdrawal methods.

  • Clients who have applied for bank transfer can access their funds through telephone banking, futures trading software, and online banking. The supporting banks include ICBC, ABC, BOC, CCB, SPDB, CITIC, CMB, IBK, CMBC, Everbright, and Ping An Bank.
  • Institutional clients and individual clients who haven't applied for bank futures transfers can make deposits by filling out a deposit voucher.
Deposit and Withdrawal
Deposit and Withdrawal

Keywords

  • 5-10 years
  • Regulated in China
  • Futures License
  • Suspicious Scope of Business
  • Medium potential risk

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