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Domestic Regulation
Score
8.05 /10
Good
Miracle China
5-10 yearsRegulated in China
Futures License
Suspicious Scope of Business
Influence
C
Add brokers
Comparison
Quantity 2
Exposure
Open Account
Website
Score
Regulatory Index7.83
Business Index7.18
Risk Management Index9.64
Software Index7.05
License Index7.83
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Exposure
2 pieces of exposure in total Pyramid scheme complaint
Expose| Miracle China Review Summary | |
| Founded | 1995 |
| Registered Country/Region | China |
| Regulation | Regulated by China Financial Futures Exchange |
| Market Instruments | Commodity futures, financial futures, options, CFDs, IPO advisory, wealth management |
| Demo Account | Not Mentioned |
| Leverage | Not Mentioned |
| Spread | From 0.25 points |
| Trading Platform | Miracle China app |
| Min Deposit | Not Mentioned |
Miracle China Information
Miracle China is one of the major financial services providers in China set up in 1995. The company offers many financial products including commodity and financial futures, options, CFDs, IPO advisory, and wealth management services. The spreads start from 0.25 points, thus making them very competitive for pricing. The company makes provision for a multitude of ways to deposit and withdraw funds-one can choose a bank wire transfer or online payment methods common in their region, with a withdrawal fee of 10 RMB.
Pros and Cons
| Pros | Cons |
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Is Miracle China Legit?
Miracle China has a Futures License regulated by China Financial Futures Exchange Co. Ltd. (CFFEX) in China with a license number of 0261.
What Can I Trade on Miracle China?
Miracle China provides commodity futures including crude oil, natural gas, coal, metals, agricultural products, and livestock. In addition to commodity futures, Miracle China engages in financial futures trading involving instruments such as stocks, bonds, and currencies. Additionally, Miracle China extends its services beyond traditional trading by offering IPO advisory services.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stock | ✔ |
| Cryptocurrency | ✔ |
| Shares | ✔ |
Miracle China Fees
Miracle China has a comprehensive fee structure. Commissions are applied to all trades, with rates contingent on the asset class and contract size. Spreads also vary based on the asset class and contract size. Margin interest is levied on all margin accounts, typically set at 5% above the one-year LIBOR rate. Additionally, overnight fees apply to positions held overnight, calculated at 0.05% of the contract value.
| Asset Class | Contract Size | Commission | Spread | Margin Interest | Overnight Fee |
| Commodity Futures | 100 tonnes | 0.10% | 0.5 points | 5% above 1-year LIBOR | 0.05% |
| Financial Futures | 10 contracts | 0.05% | 0.25 points | 5% above 1-year LIBOR | 0.05% |
| Options | 1 contract | 0.10% | 0.5 points | 5% above 1-year LIBOR | 0.05% |
| CFDs | 1 contract | 0.05% | 0.25 points | 5% above 1-year LIBOR | 0.05% |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Miracle China app | ✔ | Android and iOS | Investors of all experience levels |
| Zang Shang Cai Fu app | ✔ | Android | Investors of all experience levels |
| Tong Hua Shun Futures Gateway | ✔ | Android and iOS | Investors of all experience levels |
Deposit and Withdrawal
Miracle China imposes a withdrawal fee of 10 RMB for all transactions.
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