Overview of SHANDONG GOLD
SHANDONG GOLD, established in 2015 in China, is a CFFEX-regulated company offering trading in commodities, stocks, bonds, and futures for users.
With a minimum deposit of 500 yuan, it provides competitive trading conditions including 0 pip spreads and no commissions. The platform used is Shanjin Futures CTP Express, and it offers a demo account.
SHANDONG GOLD supports various deposit and withdrawal methods and provides customer support via phone at 4006-188-700, along with investor education resources.
Is SHANDONG GOLD Limited Legit or a Scam？
TSHANDONG GOLD operates under the regulation of the China Financial Futures Exchange (CFFEX) with a Futures License, marked by license number 0310.
This designation confirms that the company is currently regulated and adheres to the standards and practices set by CFFEX within China.
It indicates an exclusive regulatory framework for SHANDONG GOLD, ensuring dedicated compliance with the legal and operational standards set by Chinese financial authorities.
Pros and Cons
Pros:
Regulated by CFFEX: This ensures that SHANDONG GOLD adheres to strict regulatory standards, enhancing trust and reliability for clients.
Various Market Instruments: Offering trading in commodities, stocks, bonds, and futures, it provides a wide range of investment opportunities.
Competitive Trading Conditions: With spreads as low as 0 pip and no commission fees, SHANDONG GOLD offers cost-effective trading options.
Dedicated Trading Platform: The use of Shanjin Futures CTP Express provides a specialized trading experience, potentially offering advanced features and tools.
Investor Education Resources: The emphasis on investor education can be crucial for both new and experienced traders to enhance their trading skills and market understanding.
Cons:
Limited Geographic Focus: Primarily operating in China, SHANDONG GOLD may not be extensive to international traders, which could be a limitation for those outside China.
Minimum Deposit Requirement: A minimum deposit of 500 yuan is slightly higher for beginners or small-scale traders.
Limited Account Types: Focusing mainly on individual accounts may not suit institutional traders or those looking for more varied account options.
Lack of Detailed Regulatory Information: The absence of specific details like the effective date of the license could be seen as a lack of transparency.
Potential Market Limitations: Being under the regulation of a single national body poses certain risks, especially if there are changes in regulations or economic conditions in China.
Market Instruments
SHANDONG GOLD offers trading in a range of market instruments, including:
Commodities: This includes trading in various physical goods or raw materials such as precious metals, energy, and agricultural products.
Stocks: Providing the opportunity to trade in shares of various companies, reflecting a portion of ownership in those corporations.
Bonds: Involving investment in debt securities, where investors loan money to an entity (corporate or governmental) that borrows the funds for a defined period at a fixed interest rate.
Futures: Allowing traders to buy and sell contracts that obligate them to purchase or sell an asset at a predetermined future date and price.
How to Open an Account？
To open an account with SHANDONG GOLD, you can follow these four steps:
Visit the Website and Register: Begin by visiting the SHANDONG GOLD website. Look for the account registration or sign-up section. Fill out the registration form with your personal details, such as name, contact information, and any required identification details.
Document Submission for Verification: You'll need to undergo a verification process. This typically involves submitting documents for proof of identity (like a passport or ID card) and proof of residence (such as a utility bill or bank statement).
Funding Your Account: Once your account is verified, proceed to deposit funds into it. The minimum deposit required by SHANDONG GOLD is 500 yuan. Choose a convenient deposit method from the available options, which may include bank transfers, credit/debit cards, or third-party payment services.
Accessing the Trading Platform: After funding your account, you can access the trading platform offered by SHANDONG GOLD, such as Shanjin Futures CTP Express.
Trading Platform
SHANDONG GOLD offers three versions of its trading platform, Shanjin Futures CTP Express, each with distinct features:
Shanjin Futures CTP Express V3 (v3.8.265.6021): This version supports customizable layouts, font sizes, and chart colors, and allows for multi-screen usage. It features an exclusive full-history Tick chart data support, automatic stop-loss functions before opening positions, and manual stop-loss settings in the position column.
Shanjin Futures CTP Express V2 (v2.93.306.1659): Offers flexible plate drag-and-drop functionality and customizable interface settings. It is tailored for arbitrage users with features like contract combinations and arbitrage pool monitoring. This version also includes automatic take-profit and stop-loss functions.
Shanjin Futures Infinitely Easy (v1.2021.0426.1707): Designed with an efficient trading interface, it supports multiple windows and multi-account login. Suitable for various types of investors, it supports options trading and a variety of trades.
Also,there are many other third-party software suit for trading on SHANDONG GOLD.Like:Winshun WH6 (see-through) ,Straight Flush Futures and so on.
Deposit & Withdrawal
SHANDONG GOLD offers the following payment methods for deposits and withdrawals, along with a specified minimum deposit requirement:
Minimum Deposit: The required minimum deposit to start trading with SHANDONG GOLD is 500 yuan. This initial deposit is necessary to open and activate a trading account.
Deposit and Withdrawal Methods: Clients can fund their accounts and withdraw profits using various methods, including:
Bank Transfers: A traditional and commonly used method for transferring funds directly from a bank account.
Credit/Debit Cards: Allows for convenient and quick transactions using major credit or debit cards.
Third-Party Payment Systems: Provides additional flexibility with various electronic payment options, which includes popular e-wallets and online payment platforms.
These options are designed to offer convenience and accessibility to clients, offering a wide range of preferences for financial transactions.
Customer Support
SHANDONG GOLD provides dedicated customer support through a national unified customer service hotline. Clients can reach the customer service team by calling 4006-188-700.
The hotline offers two key services: by pressing 1, clients can access manual entrustment services, and pressing 2 connects them to business consultation services.
This structured approach ensures that clients receive targeted assistance for their specific needs, whether it involves executing trades or seeking advice on various business matters.
Educational Resource
SHANDONG GOLD offers a comprehensive range of educational resources through its investor education part and holding real contest for investors,which is focusing on enhancing investor knowledge and understanding of various aspects of futures trading.
Investor education
This includes detailed information on national laws and regulations relevant to trading, providing a solid legal foundation for investors. Additionally, there is a strong emphasis on anti-money laundering practices, ensuring traders are well-versed in compliant and ethical trading standards.
The platform also features thematic events and an online academy, which likely offers courses and materials on futures basics, advocacy, and protection.
Furthermore, they provide specialized education in areas like anti-non-compliance and exchange pitch education, meet a huge array of learning needs for both new and seasoned investors.
This educational suite is designed to equip investors with the necessary skills and knowledge to navigate the futures market effectively and responsibly.
Real contest
The 17th National Futures (Options) Real Trading Competition, organized annually by Futures Daily since 2006, stands as an invaluable educational resource for SHANDONG GOLD.
This competition, spanning from March 31 to September 28, 2023, has significantly impacted the futures market in China. It has fostered the development of trading talent and contributed to the growth of asset management professionals.
With a record participation of over 124,000 from 100 futures institutions in 2022, handling nearly 37 billion yuan, the event not only highlights market trends and trading strategies but also aligns with SHANDONG GOLD's objectives in financial education and professional development in finance and trading sectors.
Conclusion
In conclusion, SHANDONG GOLD, established in 2015 in China and regulated by CFFEX, offers a diversified trading experience with commodities, stocks, bonds, and futures.
With a minimum deposit of 500 yuan, it's accessible to a range of traders. SHANDONG GOLD operates on the Shanjin Futures CTP Express platform and emphasizes investor education and compliance, providing resources like an online academy and information on laws and regulations.
They support various payment methods and ensure robust customer support through a unified hotline, reflecting their commitment to providing a comprehensive and user-friendly trading environment.
FAQs
Q: Which regulatory body oversees SHANDONG GOLD？
A: SHANDONG GOLD is regulated by the China Financial Futures Exchange (CFFEX).
Q: What types of market instruments can I trade with SHANDONG GOLD？
A: You can trade a variety of market instruments with SHANDONG GOLD, including commodities, stocks, bonds, and futures.
Q: Does SHANDONG GOLD offer any educational resources for traders？
A: Yes, SHANDONG GOLD provides educational resources through its Compliance Column, Online Academy, and other educational initiatives.
Q: What trading platforms are available with SHANDONG GOLD？
A: SHANDONG GOLD offers the Shanjin Futures CTP Express trading platform in multiple versions for its clients.
Q: How can I contact customer support at SHANDONG GOLD？
A: Customer support at SHANDONG GOLD can be reached through their national unified hotline at 4006-188-700, offering services for manual entrustment and business consultation.
Q: What are the available methods for depositing and withdrawing funds from SHANDONG GOLD？
A: Deposits and withdrawals at SHANDONG GOLD can be made via bank transfers, credit/debit cards, and third-party payment systems.
