Question 1

Is Guosen Futures beginner-friendly for new futures traders?

Accepted Answer

Guosen Futures provides a variety of trading platforms and financial products, including futures, gold, steel, agricultural products, base metals and energy products. However, the account opening process is complex and time-consuming, requiring registration, information submission, evaluation, and signing multiple documents via their internet account system. There is no provision of demo accounts for practice, which may add difficulty for beginners. Furthermore, limited customer support channels are noted. While educational resources are available through its parent company Guosen Securities, the overall trading process may be challenging for novice traders. Therefore, Guosen Futures is moderately beginner-friendly but may require new traders to invest effort in learning and adapting.

Question 2

What regulation governs Guosen Futures and how safe is it for investors?

Accepted Answer

Guosen Futures is a wholly-owned subsidiary of Guosen Securities and is regulated by the China Financial Futures Exchange (CFFEX) under license number 0113. It holds a valid futures trading license and operates under stringent Chinese financial regulatory requirements. As a member of CFFEX, the broker subject to continuous oversight for compliance, risk management, and financial stability. The parent company Guosen Securities is a large, established securities firm with a strong financial position and stable credit rating (AAA). This regulatory framework and strong parent backing provide a reliable level of safety and security for investors trading futures through Guosen Futures.

Question 3

What trading platforms and tools does Guosen Futures offer to its clients?

Accepted Answer

Guosen Futures offers multiple trading platforms suitable for different devices and user preferences. These include desktop software such as Guosen Futures CTP - Boyi Cloud Trading Edition, EasyStar 9.5 for macOS, Guosen Futures CTP - Kuaiqi V3 Client, and Wenhua Wanshun WH6. Additionally, mobile applications such as the Guosen Futures App and Guosen Futures Advanced Edition provide clients access for trading on smartphones. Programmatic trading and API options are also available for more advanced users. These diversified platforms provide clients with flexibility in executing trades and managing futures positions.

Question 4

How can clients deposit and withdraw funds with Guosen Futures?

Accepted Answer

Guosen Futures supports deposits and withdrawals primarily via bank transfers, including industrial and commercial bank transfer, online banking, and counter transfers. Deposit transfers can be made through major Chinese banks including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and others. Clients can withdraw up to RMB 10 million per day, with a maximum single transfer limit also capped at RMB 10 million. However, margin deposits of RMB 100 cannot be withdrawn unless clients have no open positions that day and must apply via phone for withdrawal. This system provides clients with reliable and large-capacity fund transfer options but may have some operational limits regarding margin.

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