Zhaofeng Futures

Overview of Mega Futures

Mega Futures, formerly known as PL International Futures Co., Ltd., is a subsidiary of Mega Financial Holding Group. Established in June 2006, Mega Futures operates as a financial brokerage firm in Taiwan. Mega Futures offers a wide range of trading services and investment opportunities. With a strong presence in the market, Mega Futures caters to the needs of both individual and institutional clients, providing them with access to various financial instruments, including futures, options, stocks, mutual funds, trust funds, and foreign stocks. In the field of overseas futures, Mega Futures provides entrusted trading services for global futures markets, including Singapore, Hong Kong, the United States, Europe, and Japan.

Mega Futures prioritizes customer support and offers 24-hour assistance through their trading hotline, customer service line, and email. They provide educational resources on futures and options trading, covering basic concepts and strategies. Mega Futures offers a diverse range of market instruments, including futures, options, stock trading, mutual funds, trust funds, and foreign stocks. They provide secure deposit and withdrawal methods, such as bank transfers and online payment systems.

Is Mega Futures regulated？

Mega Futures claims to be regulated by the 108th Financial Supervisory Commission of Taiwan under license number 002. However, there are concerns regarding the authenticity of this claim as there is a lack of concrete evidence or verification from the regulatory authority. The absence of a genuine license or regulatory oversight raises doubts about the legitimacy and credibility of Mega Futures as a brokerage firm.

Regulatory oversight is crucial in the financial industry as it ensures transparency, investor protection, and adherence to industry standards. Without proper regulation, there may be an increased risk of potential scams or fraudulent activities. Traders and investors are advised to approach the platform with caution and conduct thorough research to evaluate its legitimacy.

Pros and Cons

Mega Futures offers several advantages for traders. They provide a diverse range of market instruments, including futures, options, stocks, mutual funds, trust funds, and foreign stocks, allowing traders to diversify their portfolios and access various investment opportunities. The company also offers educational resources to enhance traders' understanding of futures and options trading, along with research tools and analysis to support informed decision-making. Additionally, Mega Futures prioritizes customer support, offering multiple channels for assistance. Traders can rely on prompt and reliable support through their 24-hour trading hotline, customer service line, and email support. Furthermore, Mega Futures provides access to global markets, enabling traders to participate in international futures and options contracts.

However, there are some drawbacks to consider. Mega Futures lacks specific information about spreads, making it challenging for traders to assess trading costs accurately. There may also be regulatory uncertainty surrounding the company, and traders should conduct thorough research to ensure its legitimacy and regulatory compliance. Engaging in unregulated trading poses potential risks such as lack of investor protection, limited legal recourse, financial instability, market manipulation, and counterparty risk. Moreover, the platform's usability may vary, and some traders may find the interface less intuitive or user-friendly compared to other brokerage platforms.

Market Instruments

Mega Futures offers a wide range of market instruments and products for trading, including futures contracts in markets like stock indexes, foreign exchange, interest rates, energy, agriculture, and gold. Traders can speculate on the future prices of these assets. They also provide options trading with domestic and Taiwan options, granting traders the right to buy or sell assets at predetermined prices within specific timeframes. This allows investors to capitalize on market movements while managing risks.

Additionally, Mega Futures facilitates stock trading, enabling investors to participate in the growth of listed companies. They offer access to mutual funds, allowing individuals to invest in diversified portfolios managed by professionals. Trust funds are another investment option, offering potential returns based on the performance of underlying assets. Lastly, Mega Futures allows traders to engage in foreign stock trading, expanding their investment opportunities globally.

By offering these diverse products, Mega Futures aims to empower traders and investors to diversify portfolios and participate in various markets. It is important, however, for individuals to consider their investment goals, and risk tolerance, and conduct thorough research before trading.

How to Open an Account in Mega Futures？

Opening an account in Mega Futures is convenient for most traders. To open an account with Mega Futures, you can follow the steps below:

1. Ensure that you meet the eligibility criteria set by Mega Futures. This typically includes being a natural person, meeting the age requirements (20-70 years old), and not having tax resident status in other countries. If you are under the age of 20, or you are a legal entity, foreign professional investor, foreign natural person, or natural person with US citizenship or tax resident status in other countries, you have to apply at the counter.

2. Mega Futures offers different options for opening an account. You can select the method that suits you best:

a. Mobile APP Account Opening: You can use the mobile app provided by Mega Futures to open an account. This allows you to fill in the required information online, without the need to visit a physical counter.

b. Appointment Account Opening: If you prefer a more personalized approach, you can make an appointment to visit Mega Futures in person. This option provides dedicated assistance from their staff and helps streamline the account opening process.

c. Telecommunication Account Opening: This option allows you to open an account through communication channels such as phone or email. You can fill in a form with your contact details, and Mega Futures will get in touch with you to guide you through the process.

1. You will need to provide certain documents and information during the account opening process. These may include:

1. Proof of identity (ID Card and another secondary ID card with a photo, e.g. health insurance card or driver's license)

2. Mega Bank account.

2. It is necessary to have a Mega Bank account to open an account with Mega Futures. If you don't have one, you can visit their website to open a bank account online.

3. Depending on the chosen account opening method, you will need to fill in the required forms, provide the necessary documents, and submit them to Mega Futures through the preferred channel. Follow the instructions provided by Mega Futures and ensure accuracy in providing the requested information.

Once you have completed the account opening process, Mega Futures will review your application. If approved, you will receive an account opening letter or confirmation via email and can directly start to trade.

Spreads & Commissions (Trading Fees)

Fees are applied to trading in Mega Futures to cover various costs and services associated with facilitating trading activities. These fees enable Mega Futures to maintain and improve their trading platforms, provide customer support services, and cover operational expenses. Additionally, fees may be charged by regulatory authorities or exchanges for accessing and executing trades on their platforms.

Some common fees in trading include commission fees, which are charges based on the volume or value of the traded securities, and transaction fees, which are imposed by exchanges for executing trades. These fees contribute to the overall costs of engaging in trading activities, with the fee structure details as shown in the table below.

Please note that the fees mentioned in the table are in New Taiwan Dollars (NTD) per contract.

Mega Futures does not provide explicit information about spreads on the official website, which can make it challenging for traders to assess the costs associated with trading accurately. The absence of clear and detailed information about spreads and commissions hinders traders' ability to evaluate the overall cost of their trading activities.

Trading Platform

Mega Futures offers a range of convenient and feature-rich trading platforms for investors to access the latest market information and seize optimal investment opportunities anytime, anywhere. The Mobile VIP platform ensures real-time market updates and allows users to make informed investment decisions on securities, options, Hong Kong stocks, US stocks, and international options.

For PC users, the Mega HTS and Global Wealth Management PC software provide a stable and efficient trading experience for securities, options, and international futures. Mega Winners offers valuable Taiwan stock market information and stock selection tools. You can also create custom trading software using Mega API or utilize Multicharts for strategy development and backtesting. These platforms empower investors to make informed decisions and achieve their financial goals.

Deposit & Withdrawal

Mega Futures provides a range of funding methods for both deposits and withdrawals. Clients have the flexibility to choose from options such as bank transfers, manual withdrawals, and remittances. These varied methods ensure convenience and allow clients to select the option that best suits their financial needs and preferences.

To deposit funds into your Mega Futures trading account, you have several options. First, you can use the telephone transfer option provided by your bank. This means you can transfer the deposit amount by calling your bank and following the agreed-upon process. Another method is to use your bank card (ATM) to transfer the funds. Simply visit an ATM, insert your bank card, and follow the instructions to complete the transfer. Lastly, you can contact your bank directly for transfer or remittance. Reach out to your bank and provide them with the necessary details to initiate the deposit process. Choose the method that is most convenient for you.

For withdrawal, there is a slight difference with the deposit method. One way is to use the online withdrawal platform provided by Mega Securities or Mega Futures. Log in to your account and submit a withdrawal request online. Another option is to request a written withdrawal form from your salesperson at Mega Futures. Fill out the form with the required details and give it to them. If you prefer a more direct approach, you can call the manual withdrawal hotline at (02) 2327-9009. Speak to a representative and provide the necessary information to start the withdrawal process. Make sure to follow the instructions and provide accurate information for a smooth withdrawal.

Customer Support

Mega Futures offers comprehensive customer support services, including a 24-hour trading hotline, dedicated customer service line, email support, and a presence on Facebook. They also provide their office address for in-person assistance and offline inquiries.

Mega Futures provides their office address as a form of customer support, allowing customers to visit their location at 2F, No. 95, Section 2, Zhongxiao East Road, Zhongzheng District, Taipei City. This offline support option ensures that customers can receive in-person assistance, discuss account-related matters, and address any offline inquiries they may have.

Educational Resources

Mega Futures provides educational resources on futures and options trading. These cover basic concepts and terminology for domestic and international markets. They explain fundamental concepts and terms for futures trading, including foreign exchange, interest rates, energy, gold, stock indices, and agricultural commodities.

For options, Mega Futures provides an introduction to the basic concepts of domestic options trading, along with explanations of option-related terms. They also offer information about Taiwan options contracts and different option trading strategies. Additionally, Mega Futures educates users on margin calculation methods and provides guidance on operating domestic options. Overall, Mega Futures' educational resources aim to empower individuals with the knowledge and understanding needed to make informed decisions in futures and options trading.

Conclusion

In conclusion, Mega Futures presents itself as a brokerage firm offering a wide array of market instruments and products, including futures, options, stocks, mutual funds, trust funds, and foreign stocks. They aim to provide educational resources, research tools, and customer support to assist traders in making informed decisions and navigating the financial markets.

However, it is essential for traders to exercise caution due to the lack of specific information about spreads and regulatory uncertainties surrounding the company. Conducting thorough research, assessing the platform's usability, and understanding the potential risks associated with unregulated trading are crucial steps for traders to protect their interests and make informed investment decisions. Ultimately, individuals should carefully evaluate their investment goals, and risk tolerance, and conduct due diligence before engaging in any trading activities with Mega Futures or any other brokerage firm.

FAQs

Q: Is Mega Futures a regulated brokerage firm？

A: Mega Futures' regulatory status is unclear, and traders should conduct thorough research to ensure the company's legitimacy and regulatory compliance before trading with them.

Q: What market instruments can I trade with Mega Futures？

A: Mega Futures offers a wide range of market instruments, including futures, options, stocks, mutual funds, trust funds, and foreign stocks, allowing traders to diversify their portfolios and access various investment opportunities.

Q: Are there educational resources available for traders？

A: Yes, Mega Futures provides educational resources to enhance traders' understanding of futures and options trading, offering valuable insights and strategies for informed decision-making.

Q: What customer support options are available？

A: Mega Futures prioritizes customer support and offers multiple channels, including a 24-hour trading hotline, customer service line, and email support, ensuring prompt assistance for traders' queries and concerns.

Q: What trading platform is provided by Mega Futures？

A: Mega Futures provides its own proprietary trading platform for clients to trade with, available in both mobile and PC versions.