Home -
ZHESHANG -

Score

7.97 /10
Good

ZHESHANG

China

5-10 years

Regulated in China

Futures License

Suspicious Scope of Business

Medium potential risk

http://www.cnzsqh.com

Influence

C

Add brokers

Comparison

Quantity 5

Exposure

Open Account
Website

Score

Regulatory Index7.83

Business Index7.32

Risk Management Index8.90

Software Index7.05

License Index7.83

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

浙商期货有限公司

Company Abbreviation

ZHESHANG

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2024-09-20
  • The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Exposure

5 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

Scam platform

The platform brags about their teachers and asks clients to buy position largely without setting the stop-loss price.

WANGRIDEHUIYI
2020-02-22 16:04
Scam

1 million or so losses caused by ZheSang ?

Key words: ZheSang , manaer Li, Teacher Xie, Dream chaser, Teacher Chen, Unable to withdraw, XAU/USD, crude oil and future. At first, a stranger, who pro-claimed as the manager Li from Nine o’clock Finance, told me about the advantages of international future and their professional teachers. I was induced to deposit and the nightmare began. Now I figured out that it is a scam platform.From October 30th, each order given by teacher Xie was wrong. I didn’t want to trade anymore since the loss was overriding profits. The the manager arranged the Dream Chaser for me. At first, I made some profits. The teacher emphasized that we must follow his instruction. During 12 to 13, the teacher told me not to close position or stop loss, resulting in my losses of $15000!

LanQ88666
2019-12-23 16:55
Scam

Losses caused by ZheSang

In this September, a stranger, who proclaimed as the salesman of a security company, added me and pulled me into a stock group, in which Chen Daoming gave stock recommendation and analysis. Having listened for while, I figure out that the stock recommended was profitable. But several days later, saying that the stock market was volatile, he recommended us ZheSang and sent his profit screenshots to induce us. Without hesitation, I joined. Then he asked us to operated one-third of the position to avoid the risk. Many members sent the profit screenshots as well as the red pockets to the group. At this time, Chen claimed that if we want to earn more profit like 10%, we need to add fund. I didn’t resist the temptation and deposited 390000 RMB. And I made all losses within 2 days.

yujin3110
2019-12-20 20:30
Scam

Constant losses

I knew this platform accidentally. Though I have never traded before, I did made some money by trading stock with the help of the master. With his promise that I could make profits, even multiple within one week, so I said yes. He urged me to open an account as soon as possible. Having considered overnight, I opened an account and deposited a half of my savings these years, 340000 RMB, into the account. However, with the master’s several guidance,I made huge loss. He tried to comfort me and promised to earn my money back double. But I made a constant losses of 290,000 RMB within a week.The master didn’t give me a reasonable explanation but urged me to add fund to earn my losses back,which made me disilluded totally.Having refused to add more and stopped the trade, I was removed out of the group immediately. I tried to contact the master, got no reply, and was deleted and blacklisted by him later.

FX2603304482
2020-01-09 15:56
Scam

Scam ZHESHANG made me bankrupted.

Key words: ZHESHANG , manaer Li, Teacher Xie, Dream chaser, Teacher Chen, Unable to withdraw, XAU/USD, crude oil and future. At first, a stranger, who pro-claimed as the manager Li from Nine o’clock Finance, told me about the advantages of international future and their professional teachers. I was induced to deposit and the nightmare began. Now I figured out that it is a scam platform.From October 30th, each order given by teacher Xie was wrong. I didn’t want to trade anymore since the loss was overriding profits. The the manager arranged the Dream Chaser for me. At first, I made some profits. The teacher emphasized that we must follow his instruction. During 12 to 13, the teacher told me not to close position or stop loss, resulting in my losses of $15000! All my saving s was gone. My mother is now in the hospital for a heart surgery. I even couldn’t afford the 50000 RMB deposit. I am hopeless. Looking at my mother, I have no idea but to move on. My friend, who is a lawyer, tells that I have encountered with scam. I have called the police, only to get my money back.

LanQ88666
2020-01-02 16:08
ZHESHANG · Company summary
ZHESHANG Review Summary
Founded 1995
Registered Country/Region China
Regulation CFFEX
Business Scopes Commodity futures brokerage, financial futures brokerage, futures investment consulting
Demo Account Unavailable
Trading Platforms Zhe Shang APP, Zhe Shang Caixin APP and so on
Customer Support Phone, 400-700-5186

What is ZHESHANG？

Zhe Shang Futures is a futures company that was established in Hangzhou in September 1995. It operates under the ownership of Zhejiang Securities and is a subsidiary of Zhejiang Transportation Investment Group. ZHESHANG is recognized as a large-scale comprehensive futures company, offering a wide range of services.

As a regulated entity, Zhe Shang Futures operates under the supervision and oversight of CFFEX. To provide a seamless trading experience for investors, Zhe Shang Futures offers a variety of trading software.

ZHESHAN's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
  • Regulated by CFFEX
  • Some reports of scam
  • A range of services and products
  • No demo accounts
  • Multiple trading platforms and mobile apps
  • Limited range of payment options
  • Limited communication channels

ZHESHANG Alternative Brokers

There are many alternative brokers to ZHESHANG depending on the specific needs and preferences of the trader. Some popular options include:

  • CES FUTURES - A leading futures company that offers diversified financial futures products and services, catering to the investment and risk management needs of institutional and individual clients.

  • HUISHANG FUTURES - A reputable futures brokerage firm in China, providing comprehensive futures brokerage services and risk management solutions to clients.

  • Pioneer Futures – A company that is mainly engaged in domestic commodity futures brokerage and financial futures brokerage business.

Is ZHESHANG Safe or Scam？

ZHESHANG is regulated by China Financial Futures Exchange Co. Ltd. (CFFEX), an incorporated exchange specializing in providing trading and clearing services for financial futures, options and other derivatives.

regulated by CFFEX

It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers. Based on the information available, ZHESHANG appears to be a reliable and trustworthy broker.

However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

Business Scopes

ZHESHANG is a large-scale comprehensive futures company that offers a range of services. Its business scope includes commodity futures brokerage, financial futures brokerage, futures investment consulting, asset management, fund sales, overseas business, and risk management business.

  • Commodity Futures Brokerage: ZHESHANG facilitates trading of commodity futures contracts on behalf of clients. This may involve commodities such as metals, energy, agricultural products, or other assets.

  • Financial Futures Brokerage: ZHESHANG provides services for trading financial futures contracts, which are based on underlying financial instruments such as interest rates, stock indices, currencies, or bonds.

  • Futures Investment Consulting: ZHESHANG offers professional advice and guidance to clients regarding futures investment strategies, risk management, and market analysis.

  • Asset Management: ZHESHANG manages and allocates client assets in a manner that aligns with their investment goals and risk tolerance. This may involve investing in various financial instruments, including futures contracts.

  • Fund Sales: ZHESHANG offers sales and distribution services for investment funds, allowing clients to access a diverse range of investment opportunities.

  • Overseas Business: ZHESHANG may engage in foreign futures markets and provide services to clients seeking international investment opportunities.

  • Risk Management Business: ZHESHANG helps clients identify, assess, and manage risks associated with futures trading and investment activities.

Accounts

ZHESHANG offers detailed explanation of mobile phone and computer account opening operation. Therefore, traders can visit the website directly to learn about the specific steps to open an account.

Accounts

Trading Platforms

Zhe Shang Futures provides a variety of trading software for investors, mainlyZhe Shang APP, Zhe Shang Caixin APP, Hang Seng Online Trading System 5.0 (Fens) version, Bo Yi Master Lightning Hand, Yi Sheng Polaris, Fuyuan Online Quotation System Hang Seng version, Yi Sheng V8 Client, Wenhua WH6 Winshun Trading Software, Yi Sheng V8 Institutional Client, Yi Sheng Polaris 9.3.32 Internal and External Arbitrage Client, and Zhe Shang Futures MC9.1 Client. The client of ET Net, MC9 of Zheshang Futures, and CTP products of Pathfinder Flagship Edition, etc.

Trading Platforms

Deposits & Withdrawals

ZHESHANG provides different deposit and withdrawal methods for both individual and institutional clients.

  • For individual clients:

For individual clients who have applied for bank transfer, they can conveniently access their funds through multiple channels. This includes telephone banking, futures trading software, and online banking.

  • For individual Clients Who Haven't Applied for Bank Futures Transfer:

They can fill in a deposit voucher, providing the necessary details, and submit it to ZHESHANG's finance department. The finance department will then verify the voucher and transfer the funds accordingly through the designated settlement account.

  • Institutional Clients:

In the case of institutional clients, their deposit and withdrawal process involves submitting deposit vouchers via fax directly to ZHESHANG. These vouchers serve as the original deposit documentation. Upon receiving the vouchers, ZHESHANG's finance department conducts a verification process.

User Exposure on WikiFX

On our website, you can see reports of scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: 400-700-5186

Address: 198-9 floors, east building, Caitong Double Crown Building, No. 12 Tianmushan Road, West Lake District, Hangzhou, Zhejiang Province

Conclusion

In conclusion, Zhe Shang Futures is a well-established futures company operating under the ownership of Zhejiang Securities and the supervision of CFFEX.

ZHESHANG offers a wide range of services, including commodity futures brokerage, financial futures brokerage and so on. The company provides diverse trading software that empowers investors to access real-time market data, execute trades, and manage their investments conveniently and efficiently.

Frequently Asked Questions (FAQs)

Q 1: Is ZHESHANG regulated？
A 1: Yes. It is regulated by CFFEX.
Q 2: How can I contact the customer support team at ZHESHANG？
A 2: You can contact via phone, 400-700-5186.
Q 3: Does ZHESHANG offer demo accounts？
A 3: No.
Q 4: Does ZHESHANG offer the industry leading MT4 & MT5？
A 4: No. Instead, it offers Zhe Shang APP, Zhe Shang Caixin APP and so on.
Q 5: Is ZHESHANG a good broker for beginners？
A 5: Yes. It is a good choice for beginners because it is regulated well and offers various business services.

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.

User Reviews

More

User comment

0

Comments

Write a review

No comment yet

start to write first comment

5