What is TONGHUI FUTURES？
TONGHUI FUTURES is a financial institution located in China, primarily dealing in financial services such as Commodity Futures Brokerage, Futures Trading Consulting, Financial Futures Brokerage. It operates under the regulation of the China Financial Futures Exchange (CFFEX), holding the license number 0138.
In the following article, we plan to review and evaluate the characteristics of this financial organization from multiple angles, presenting data in a precise and organized manner. If this information appeals to you, we invite you to keep reading. At the end of the article, we will offer a brief recap encapsulating the standout qualities of the financial company, enabling you to grasp its salient features quickly.
Pros & Cons
Pros:
CFFEX regulated: The fact that TONGHUI FUTURES is regulated by the China Financial Futures Exchange (CFFEX) ensures proper supervision and adherence to financial rules and standards, which enhances trust and reliability.
Abundant trading platforms available: TONGHUI FUTURES offers multiple trading platforms, giving traders the freedom to choose one that best suits their trading style and needs.
Simulated account available: The availability of a simulated account allows traders to practice their strategies and get familiar with the trading platform without risking real money.
Educational resources available: TONGHUI FUTURES provides a wealth of educational resources such as guides, tutorials, and tips to help traders at all levels better understand trading and improve their skills. This can be invaluable for new traders and can also benefit experienced traders.
Cons:
Is UAXI FUTURES Safe or Scam？
When considering the safety of a financial company like TONGHUI FUTURES or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a financial company:
User feedback: Read reviews and feedback from other clients to get an understanding of their experiences with the company. Look for reviews on reputable websites and forums.
Security measures: TONGHUI FUTURES has established an Anti-Money Laundering (AML) policy to ensure compliant financial transactions for its traders.
In the end, the choice to engage in trade with TONGHUI FUTURES is a deeply personal one. It's crucial to carefully balance the potential risks and advantages before coming to a decision.
Financial Instruments & Services
TONGHUI FUTURES provides a suite of expert services geared towards futures trading.
As a Commodity Futures Brokerage, they are equipped to assist clients with trading in commodities futures, leading to potential significant returns depending on market movements.
Their Futures Trading Consulting service offers clients valuable advice and insights on trading strategies and market trends, positioning them ideally to make informed investment decisions.
Additionally, as a Financial Futures Brokerage, TONGHUI FUTURES facilitates transactions in financial futures, providing clients with a platform to hedge against risks or speculate on future price movements of financial instruments.
Account Types
TONGHUI FUTURES offers a range of account types for varying needs of their cients.
The Simulated Account allows users to understand trading dynamics and experiment with strategies in a risk-free, virtual trading environment.
The Individual Account caters to personal investors, where they can manage and direct their own investments.
On the other hand, the Legal Entity Account is designed for businesses or organizations, providing a platform for the execution of their trading strategies in a regulated environment.
How to Open an Account？
Opening an account with TONGHUI FUTURES requires different documentation for individuals and legal entities.
Individuals need a smartphone, ID card, and bank card.
Legal entities require: a stamped copy of the business license; a color scanned copy of business license; ID copies stamped with the seal for the legal representative, account-opening agent, instruction issuer, fund transferor, and settlement statement confirmer; a stamped copy of the bank account opening permit or statement; the account-opening agent must present their original ID during account opening; official seal and legal person seal; and a stamped copy of the company's articles of association.
Trading Platforms
TONGHUI FUTURES has invested in a bunch of powerful trading tools to facilitate efficient and effective trading experiences for their clients. Central to these is the 'TONGHUI FUTURES App', a mobile trading platform that amalgamates market data, trading functions, and informational services within a single interface. It comes with necessary tools for futures quotes, online trading, and mobile account opening, delivering a full spectrum of financial services at the fingertips of its users.
In addition to this primary platform, TONGHUI FUTURES also offers a variety of other applications specifically for the trading of futures and simulated trading such as TONGHUI FUTURES Yijing Gold V1.1.5, Kingstar online trading, Jinshida points gold hand and so on. Such diversity in trading apps enables traders to choose from multiple choices to best suit their trading habits and device preferences.
Depending on individual preferences, these applications can be easily downloaded from https://www.tlqh.com.cn/soft_download.aspx？cid=432, ensuring traders have all necessary tools at their fingertips for effective trading.
Deposit & Withdrawal
TONGHUI FUTURES provides bank-futures transfers for deposits and withdrawals during trading days.
Deposits can be made from 8:30 to 16:00 and from 20:30 to 2:30 if there's any night trading happening that day.
Withdrawals can be requested between 9:05 to 16:00 with a maximum withdrawal limit of CNY500,000. For withdrawals exceeding this limit, you need to place a reservation in advance by calling their hotline 4008209128.
Fees
TONGHUI FUTURES implements dynamic commissions on trading, allowing traders to adapt to various market conditions. The commissions can vary several times within a month, with each product and trading period having specific details.
Regular updates on these dynamic commissions and information about each product can be accessed on their website athttps://www.tlqh.com.cn/Future_information.aspx？cid=487&page=1. If you are interested or already in trading with this company, we recommend you to regularly visit the site to stay informed about the latest rates and fee structure.
Customer Service
TONGHUI FUTURES provides customer support via multiple channels including an accessible office address for inperson visits, direct phone line, service hot line, fax and a WeChat official account for wider communication.
Address: 7th Floor, Wanxiang Building, No. 99 Lujiazui West Road, Pudong New Area, Shanghai Zip code: 200120.
Service email: hxqh@hx168.com.cn.
Customer service hotline: 4008209128.
Tel: 021-68866986.
Fax: 021-68866985.
Education
TONGHUI FUTURES offers a comprehensive suite of educational resources tailored to both beginner and experienced traders.
They provide foundational knowledge of futures and options, including detailed introductions to various types. Their investment tips section provides strategic guidance to help traders make well-informed decisions.
Compiling key laws and regulations, TONGHUI FUTURES ensures that traders are aware of the legal landscape. They also prioritize transparency and prevention of illicit activities through their Anti-Money Laundering Column.
Additionally, they offer intermediary training for comprehension of complex financial instruments, backed with thorough Risk Disclosure and Risk Aversion resources to educate traders about potential trading risks.
Conclusion
TONGHUI FUTURES is a Chinese financial services firm that offers an assortment of services including Commodity Futures Brokerage, Futures Trading Consulting, and Financial Futures Brokerage. The company's credibility is fortified by the regulatory oversight of the CFFEX. However, if you intend to trade with this company, we recommend you to proceed cautiously, engage in thorough research, and get the latest information directly from TONGHUI FUTURES before making any investment decisions
Frequently Asked Questions (FAQs)
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.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
