Eastmoney Futures Review - Does the Licensed Platform of Eastmoney Offer Futures Trading? - WikiFX

Eastmoney Futures Information

As a futures trading platform under Eastmoney, Eastmoney Futures holds legitimate business qualifications, is strictly regulated, and ensures reliable security. The platform offers a rich variety of trading products, including commodity futures and financial futures, covering popular contracts of six major futures exchanges. The account opening process is convenient, and there is no capital threshold set, enabling both novice and experienced investors to participate easily. Both the mobile app and the PC software have comprehensive functions.

Pros and Cons

Is Eastmoney Futures Legit?

Eastmoney Futures is a legal and compliant futures brokerage company. It holds relevant business qualifications and is supervised by the China Financial Futures Exchange. Its membership number in the China Financial Futures Exchange is 0107.

What Can I Trade on Eastmoney Futures?

At Eastmoney Futures, investors can trade commodity futures and financial futures.

Eastmoney Futures Fees

There are two calculation methods for futures handling fees: a certain proportion of the transaction amount and a fixed amount. The handling fees for closing positions on the same day of some trading varieties are different. For example, for the CSI 500 Index Futures (IC) of the China Financial Futures Exchange, the handling fee is 0.069% of the transaction amount, and the handling fee for closing positions on the same day is 0.69% of the transaction amount.

The option handling fees include trading fees, exercise (performance) fees, and option self-hedging fees before exercise. The company's handling fee charging standard is no higher than three times the exchange standard plus the original fee. For some varieties, a declaration fee has been charged since August 5, 2022.

Trading Platform

Eastmoney Futures provides a diverse range of trading platforms. The Eastmoney Futures Treasure APP on the mobile side is a multifunctional futures trading client that can be downloaded from the App Store.

The version of the Eastmoney Futures PC terminal on the PC side is 5.5.0, and the version of the Eastmoney Futures Treasure PC terminal (CTP version) is 4.12.3. In addition, simulated trading and simulation version software are also provided, which are convenient for investors to practice and test their trading strategies.

Deposit and Withdrawal

In terms of depositing funds, the time for depositing through the bank-futures transfer is from 8:30 to 15:30 and from 20:30 to 02:30 the next day on weekdays (excluding legal holidays). The time for withdrawing funds is from 9:00 to 15:30 on weekdays (excluding legal holidays).

The daily cumulative withdrawal limit is 1.5 million yuan, with no more than ten transactions per day, and each single transaction should not exceed 500,000 yuan. The minimum remaining balance in the account should be 10 yuan, and it is possible to make an appointment for excessive withdrawals. For individual customers, manual withdrawal is not recommended. For institutional customers, if they want to make a manual withdrawal, they need to fill in the voucher and go through the approval process according to the procedure. For withdrawals exceeding 5 million yuan, an appointment should be made in advance.