Score
WESTERN
China|5-10 years| https://www.westfutu.com/
Website
Rating Index
Influence
Influence
C
Influence index NO.1
China 5.87Contact
Licenses
Licensed Institution：西部期货有限公司
License No.：0160
Basic information
China
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Website
westfutu.com
Server Location
China
Website Domain Name
westfutu.com
ICP registration
陕ICP备11007964号-1
Website
WHOIS.PAYCENTER.COM.CN
Company
XINNET TECHNOLOGY CORPORATION
Domain Effective Date
2008-09-12
Server IP
182.140.213.107
Company Summary
| Western Futures | |
| Founded | 2013 |
| Registered Country/Region | China |
| Regulation | CFFEX |
| Market Instruments | Crude Oil, TSR 20, LSFO(Low Sulfur Fuel Oil), Bonded Copper, lron Ore, Palm Olein, PTA, and Sugar |
| Account Type | Standard Account, Pro Account, and VIP Account |
| Demo Account | ✔ |
| Leverage | 1:500 |
| Spread | Start from 0.0pips |
| Deposit & Withdrawal | Bank Transfer |
| Trading Platform | WeChat and App |
| Minimum Deposit | $100 |
| Customer support | Phone: 400-6886896, 021-60276066Headquarters Address: 9F &10F, Room 10000, Building 8, No. 319, Dongxin Street, Xincheng District, Xian City8F, Building T3, No. 276 Yaoti Road, Pudong New Area Shanghai,China |
| Educational Resource | Morning Express, Quick Review, and Monthly Report |
Western Futures Information
Western Futures, founded in 2013, is an old brokerage registered in China. The trading instruments it provides cover Crude Oil, TSR 20, LSFO(Low Sulfur Fuel Oil), Bonded Copper, lron Ore, Palm Olein, PTA, and Sugar.
Pros and Cons
| Pros | Cons |
| Regulated | Limited Trading Platforms |
| Diverse Market Instruments | Bank Transfer Only |
| Multiple Account Types | Limited Communication Channels |
| Competitive spreads from 0.0 pips | |
| Low Minimum Deposit |
Is Western Futures Legit?
Western Futures is regulated by China Finanicial Futures Exchange(CFFXE).
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
| China | CFFEX | Western Futures | No Sharing | 0160 | Regulated |
Which Futures Can I Trade on Western Futures?
Western Futures offers traders the opportunity to trade Crude Oil, TSR 20, LSFO(Low Sulfur Fuel Oil), Bonded Copper, lron Ore, Palm Olein, PTA, and Sugar.
| Futures | Supported |
| Crude Oil | ✔ |
| TSR 20 | ✔ |
| LSFO(Low Sulfur Fuel Oil) | ✔ |
| Bonded Copper | ✔ |
| lron Ore | ✔ |
| Palm Olein | ✔ |
| PTA | ✔ |
| Sugar | ✔ |
| Gold | ❌ |
Account Types
Western Futures offers 3 different types of accounts to traders -Standard Account, Pro Account, and VIP Account.It also provides demo account.
| Account Type | Minimum Deposit | Leverage |
| Standard Account | $100 | 1:30 |
| Pro Account | $500 | 1:500 |
| VIP Account | $10,000 | Negotiable |
Western Futures Fees
3 accounts are different in spreads and commission. Different futures have different spreads. VIP Account's spread is the lowest, starting with 0.0pips, and charges no fee. Standard Account's spread and fees are the highest.
| Account Type | Account Inactivity Fee | Typical Spreads (Examples) |
| Standard Account | $10 per month after 6 months of inactivity | Crude Oil: 1.8 pips, TSR 20: 2.2 pips, LSFO: 2.0 pips |
| Pro Account | $20 per month after 6 months of inactivity | Crude Oil: 1.2 pips, TSR 20: 1.6 pips, LSFO: 1.5 pips |
| VIP Account | No | Crude Oil: 0.0 pips + $3/lot, TSR 20: 0.0 pips + $2/lot, LSFO: 0.0 pips + $3.5/lot |
Western Futures Platform
Western Futures's trading platform is MT-professional, Western Futures, Futures trading terminal, and so on, which supports traders on PC, Mobile.
Deposit and Withdrawal
WESTERN provides bank transfers to traders. Traders can deposit and withdraw funds using the following banks:
Industrial and Commercial Bank of China (ICBC)
Agricultural Bank of China (ABC)
Bank of China
China Construction Bank
Bank of Communications
China Merchants Bank
China Everbright Bank
Shanghai Pudong Development Bank
Industrial Bank
CITIC Bank
China Minsheng Bank
Keywords
- 5-10 years
- Regulated in China
- Futures License
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