Score

8.06 /10
Good

CHASING FUTURES

Regulated in China

Futures License

Suspicious Scope of Business

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Score

Regulatory Index7.83

Business Index7.26

Risk Management Index9.66

Software Index7.05

License Index7.83

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CHASING FUTURES · Company summary
CHASING FUTURES Review Summary
Founded 2005
Registered Country/Region China
Regulation CFFEX
Services & Products Commodity and financial futures brokerage, investment consulting, asset management, risk management, and active management
Trading Platforms Caixin Future, Caixin Polestar 9.5 and Caixin Polestar 9.3
Minimum Deposit N/A
Customer Support 8:30-17:00, 20:30-02:30 on trading days Phone and email

What is CHASING FUTURES?

CHASING FUTURES is a futures broker that operates under the regulation of the CFFEX. Established in 2005, Caixin Futures has a nationwide service network and offers a wide range of services including commodity and financial futures brokerage, investment consulting, asset management, risk management, and active management. Caixin Futures operates during specific hours on trading days and can be reached via phone and email.

CHASING FUTURES' homepage

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • Regulated by CFFEX
  • Reports of unable to withdraw
  • Multiple trading platforms and mobile apps
  • No 24/7 customer support
  • Diverse range of products and services

Pros of CHASING FUTURES:

- Regulation: CHASING FUTURES being regulated by the China Financial Futures Exchange (CFFEX) ensures that the brokerage operates within established rules and regulations, providing a level of security and accountability to clients.

- Diverse Range of Products and Services: CHASING FUTURES offers a diverse range of investment products and services, including financial futures, options, and derivatives. This allows clients to access various markets and investment opportunities, potentially enhancing portfolio diversification.

- Multiple Trading Platforms and Mobile Apps: CHASING FUTURES provides multiple trading platforms and mobile apps, offering clients flexibility and convenience in executing trades, monitoring their portfolios, and accessing market information.

Cons of CHASING FUTURES:

- Reports of Unable to Withdraw: There have been reports of difficulties with withdrawals on their website. This issue raises concerns about the reliability and efficiency of their withdrawal process, which may be a significant drawback for some clients.

- No 24/7 Customer Support: CHASING FUTURES customer support is available during specific hours on trading days, which may not be ideal for clients requiring immediate assistance outside of these hours.

Is CHASING FUTURES Safe or Scam?

CHASING FUTURES operates under the regulation of the China Financial Futures Exchange Co. Ltd. (CFFEX) and holds a Futures License, No. 0319, authorized by the State Council of the Peoples Republic of China and the China Securities Regulatory Commission (CSRC). However, the reports of difficulties with withdrawals should not be overlooked. While it is common for some users to experience issues with withdrawals in any financial institution, you should investigate the nature and extent of these reports. This could involve examining the reasons behind the difficulties and determining if there are any unresolved complaints or legal actions against CHASING FUTURES.

regulated by CFFEX

Services & Products

CHASING FUTURES offers customers with a multi-dimensional service matrix of futures and derivatives. The services and products offered by CHASING FUTURES include:

- Commodity Futures Brokerage: CHASING FUTURES facilitates trading in commodity futures, allowing investors to participate in the price movements of various commodities, including agricultural products, energy, and metals.

- Financial Futures Brokerage: The company provides access to financial futures trading, which involves contracts based on financial instruments such as stock market indices, interest rates, and currencies.

- Futures Investment Consulting: CHASING FUTURES offers consulting services to assist clients in making informed decisions about their futures and derivatives investments. This may include market analysis, trade recommendations, and risk assessment.

- Asset Management: The firm provides asset management services, allowing clients to entrust their investment portfolios to professional money managers who make decisions on their behalf, aiming to generate returns while managing risks.

- Risk Management: CHASING FUTURES assists clients in implementing strategies to identify, assess, and mitigate risks associated with futures and derivatives trading. This may involve developing risk management policies, hedging strategies, and compliance with regulatory requirements.

- Active Management: The company offers active management services, potentially involving the active buying and selling of futures and derivatives in pursuit of investment objectives, as opposed to a passive, buy-and-hold strategy.

How to Open an Account?

To open an account with CHASING FUTURES, please follow these steps:

Steps Mobile Account Opening PC Account Opening
1 Download CHASING FUTURES mobile app Visit CHASING FUTURES website
2 Click on the account opening section within the app Navigate to the account opening section on the website
3 Fill in personal and financial details Complete required personal and financial details
4 Submit necessary identification documents Upload necessary identification documents
5 Await processing and notification of account status Complete any additional verification processes
6 Await approval and confirmation of account
How to Open an Account?

Trading Platforms

The trading platforms offered by CHASING FUTURES cater to a diverse range of products, each designed to meet the specific needs of clients engaged in futures and options trading. For example:

Software
Caixin Futures Professional, institutional-level terminal supporting futures, options, and spot cross-market trading. Customized layout modes, multi-window support, and smooth performance. Includes various trading strategies and CTP system support. Supports see-through supervision, IPV6, and national secrets.
Caixin Polestar 9.5 Features a new drawing engine for market analysis, flexible cloud strategy, rich local arbitrage and option strategy functions. Meets see-through regulatory requirements and supports IPV6.
Caixin Polestar 9.3 Professional market trading software covering quick ordering, local arbitrage, stop-loss, and take-profit features. Meets see-through supervision requirements, supports IPV6.
Trading Platforms

Deposits & Withdrawals

CHASING FUTURES offers two methods for deposits and withdrawals: Bank-futures transfer and Wire Transfer.

Method Deposit Process Withdrawal Process
Bank-futures transfer - Transfer funds between the customers savings account and the futures margin account.- Can be done through the counter service or self-service systems such as telephone banking or online banking provided by the bank.- Can also be done through customer entrustment methods such as online entrustment. - Visit the account opening business outlets.- Fill out the “Withdrawal Form” and submit it.- The form is sent to the futures company for review.- The futures company processes the withdrawal after verification.- Investors can track the arrival of funds through the bank system.
Wire Transfer - Visit the counter of the settlement bank.- Complete telegraphic transfer procedures.- Fill in the bank wire transfer voucher.- Indicate the fund account number and specify it is for futures margin use.- Send the receipt of the telegraphic transfer voucher to the futures company.- Futures company confirms the remittance is correct.- Investors can track the arrival of funds through the online trading system. - Visit the account opening business outlets.- Fill out the “Withdrawal Form” and submit it (original form sent back to the futures company).- Business outlets send the form to the futures company.- Futures company processes the withdrawal request upon review.- Investors can track the arrival of funds through the bank system.
Deposits & Withdrawals

User Exposure on WikiFX

On our website, you can see reports of unable to withdraw. 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.

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Customer Service

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

8:30-17:00, 20:30-02:30 on trading days

Telephone: 400-801-1058

Email: futures@hnchasing.com

Address: 14th Floor, First Avenue, No. 2, Wuyi West Road, Changsha City, Hunan Province

Conclusion

In conclusion, CHASING FUTURES has both positive and negative aspects. On the positive side, it is regulated by the CFFEX, offers a diverse range of products and services, and provides multiple trading platforms and mobile apps. However, there have been reports of difficulties with withdrawals, and the absence of 24/7 customer support is a potential drawback. Therefore, individuals interested in CHASING FUTURES should consider these factors and conduct further research to make an informed decision based on their specific needs and preferences.

Frequently Asked Questions (FAQs)

Q 1: Is CHASING FUTURES regulated by any financial authority?
A 1: Yes. It is regulated by CFFEX.
Q 2: How can I contact the customer support team at CHASING FUTURES?
A 2: You can contact via (8:30-17:00, 20:30-02:30 on trading days) telephone: 400-801-1058 and email: futures@hnchasing.com.
Q 3: What platform does CHASING FUTURES offer?
A 3: It offers Caixin Future, Caixin Polestar 9.5 and Caixin Polestar 9.3.
Q 4: What services and products CHASING FUTURES provides?
A 4: It provides commodity and financial futures brokerage, investment consulting, asset management, risk management, and active management.

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.

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Allen25267
more than one year
Chasing Futures is a solid brokerage with a reliable trading platform, competitive spreads, and a variety of tools. Withdrawals are processed within 24 hours, which is a definite plus. They also offer decent educational resources for beginners.
Chasing Futures is a solid brokerage with a reliable trading platform, competitive spreads, and a variety of tools. Withdrawals are processed within 24 hours, which is a definite plus. They also offer decent educational resources for beginners.
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2024-01-25 18:19
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Ewjhbe
more than one year
After adding them on WeChat and following their steps to open a gold futures account, things took a dark turn. To withdraw, I was forced to pay a whopping $256,100 as commission. Once I paid, the entire group vanished, and I was promptly blocked. A costly lesson in trusting the wrong broker. Stay away from CHASING FUTURES!
After adding them on WeChat and following their steps to open a gold futures account, things took a dark turn. To withdraw, I was forced to pay a whopping $256,100 as commission. Once I paid, the entire group vanished, and I was promptly blocked. A costly lesson in trusting the wrong broker. Stay away from CHASING FUTURES!
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2023-12-29 18:05
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