What is JIFCO？
JIFCO, also known as Jinpeng International Futures Co., Ltd, was established in 1991, operating under the regulation of the China Financial Futures Exchange (CFFEX). JIFCO is one of the first large-scale professional futures companies in China to obtain the right to operate a futures business, catering to investors seeking futures contracts, offering a suite of trading platforms including PC software, mobile apps, and even programmatic trading tools. Additionally, JIFCO provides educational resources such as basic knowledge related to futures and special lecture videos.
Pros & Cons
Pros:
Established Reputation: With a history dating back to 1991, JIFCO has built a strong reputation as one of the first major professional futures companies in China.
Regulatory Compliance: JIFCO operates under the regulation of the China Financial Futures Exchange (CFFEX), providing clients with a level of regulatory assurance.
Multiple Trading Platforms: JIFCO offers PC Trading Software, Mobile Trading Software, and Programmatic Trading Software, catering to the diverse needs of traders.
Education Resources: JIFCO provides educational resources, such as basic knowledge related to futures and special lecture videos, to help traders improve their understanding and skills.
Cons:
Geographic Focus: JIFCO's primary focus is on the Chinese market, limiting its appeal to international traders seeking global investment opportunities.
Is JIFCO Legit or a Scam？
JIFCO is a legitimate company in the futures trading industry. It is approved by the China Securities Regulatory Commission, registered with the Administration for Industry and Commerce, and has obtained the necessary qualifications to operate in the futures investment and asset management sectors.
Additionally, JIFCO operates under the regulation of the China Financial Futures Exchange (CFFEX), holding a Futures License of No.0326. These regulatory approvals and licenses affirm JIFCO's credibility and compliance with industry standards.
Market Instruments
JIFCO specializes in providing a comprehensive range of futures contracts, including both commodity futures and financial futures.
Commodity futures enable traders to speculate on the future prices of various commodities, including agricultural products like wheat and corn, metals such as gold and silver, and energy resources like crude oil and natural gas. These contracts are valuable tools for hedging against price fluctuations and managing risks associated with commodity price volatility.
On the other hand, financial futures derive their value from underlying financial instruments, such as stocks, bonds, currencies, or stock market indices. These futures contracts allow traders to speculate on the future direction of financial markets and manage their exposure to financial assets. Financial futures are widely used to diversify portfolios and mitigate risk.
How to Open a JIFCO Account？
To open an account with JIFCO, you can choose from three methods: in-person at an outlet, online through their website, or via their mobile app.
Step 1: Visit a JIFCO outlet with the required documents (ID card, bank card, etc.).
Step 2: Sign relevant agreements, including risk statements and brokerage contracts.
Step 3: Provide image data such as a photo of your ID card and handwritten signature.
Step 4: Set passwords for fund and transaction purposes.
Step 5: Complete bank transfer procedures and handle deposits.
Step 6: Accept a telephone return visit from JIFCO for verification.
Step 7: Start trading after completing the above steps.
Step 1: Visit JIFCO's website and follow the instructions for online account opening.
Step 2: Provide your personal information and upload the necessary documents.
Step 3: Set passwords and complete bank transfer procedures online.
Step 4: Accept a telephone return visit for verification.
Step 5: Start trading after your account is successfully opened.
Step 1: Download and install the “Futures Account Opening Cloud” mobile app.
Step 2: Enter JIFCO's number “0093” and select “open a futures account.”
Step 3: Follow the app's instructions to input your ID number and complete verification.
Step 4: Upload photos of your ID card and handwritten signature.
Step 5: Fill in customer information and select the business department.
Step 6: Install a personal digital certificate and undergo a video witness process.
Step 7: Sign agreements and complete the questionnaire.
Trading Platforms
JIFCO provides a variety of trading platforms to cater to the diverse needs of traders. These platforms offer a range of features and functionalities to help traders make informed trading decisions and execute trades efficiently.
PC Trading Software: JIFCO offers several PC trading software options, including Express (Q7) Online Trading Terminal V2 and V3, Wenhua Finance Wins Shun wh6, and The Official Version of Jinpeng Futures Boyi Cloud. These platforms are designed to provide professional order management features, real-time data calculation and refresh, and support for multiple screens and plates.
Mobile Trading Software: Traders can use the Jinpeng Palm Hall APP for Android users and the Caixun Public Edition for both Android and iOS users. These mobile trading platforms integrate market, trading, and information functionalities, allowing traders to stay connected to the market and execute trades on the go.
Programmatic Trading Software: For traders interested in automated trading strategies, JIFCO offers Trading Trailblazer TBQuant. This platform is designed to support securities, futures, and external markets, providing traders with the tools needed for automated trading.
Customer Service
JIFCO provides a range of customer service options to assist traders with their needs.
Phone Support: Traders can contact JIFCO's customer service team via phone. The provided phone numbers are 13810558790 for account opening inquiries and WeChat support, 010-66212370 for general customer service inquiries, and 010-66211309 for complaints.
Email Support: Traders can also reach out to JIFCO's customer service team via email at kefu@jifco.com.cn.
Fax Support: JIFCO's customer support can be reached via fax at 010-66211315.
Conclusion
In conclusion, JIFCO is a legitimate and experienced futures broker regulated by the CFFEX, offering a variety of futures contracts, and multiple trading platform options. It also offers some educational resources to help you improve the understanding of futures trading.
Considering its primary focus on the Chinese market, JIFCO is a good fit if you're a trader based in China looking for a reputable futures broker with a range of options.
Frequently Asked Questions (FAQs)
Q: Is JIFCO regulated？
A: Yes, JIFCO operates under the regulation of the China Financial Futures Exchange (CFFEX).
Q: What types of market instruments does JIFCO offer？
A: JIFCO specializes in offering futures contracts.
Q: What are the available trading platforms at JIFCO？
A: JIFCO offers PC Trading Software, Mobile Trading Software, and Programmatic Trading Software.
Q: Does JIFCO provide some educational resources？
A: Yes, JIFCO provides basic knowledge related to futures and special lecture videos.
Q: Is JIFCO considered a legitimate company？
A: Yes, JIFCO is a legitimate company approved by the China Securities Regulatory Commission, registered with the Administration for Industry and Commerce, and regulated by the China Financial Futures Exchange.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
