NEW ERA Review - What Is New Era Futures Company Limited? Is Its Capital Market Safe? - WikFX

NEW ERA Information

NEW ERA Futures, namely New Era Futures Co., Ltd., is one of the first batches of futures companies approved for establishment by the China Securities Regulatory Commission. Its business covers the trading, settlement, and delivery of commodity futures, options, and financial futures, etc. In addition, the company also has the qualifications for futures investment consulting and the public offering of securities investment fund sales business. It has a risk management subsidiary, Xinjiyuan Capital Management Co., Ltd., and its business scope radiates across the country.

Pros and Cons

Is NEW ERA Legit?

NEW ERA Futures is a legal and compliant futures trading platform. The license number for its business operation supervised by the China Financial Futures Exchange is 0191.

What Can I Trade on NEW ERA?

On the NEW ERA futures platform, investors can trade a wide variety of products. In terms of commodity futures, it covers agricultural products (such as the yellow soybean series, palm oil, etc.), metals (such as copper, aluminum, etc.), and energy chemicals (such as crude oil, rubber, etc.). Financial futures include stock index futures, treasury bond futures, etc. At the same time, investors can also participate in commodity options and financial options trading.

Account Type

The platform mainly offers two types of accounts. The first is the individual investor account, which is suitable for natural persons who have reached the age of 18, have full capacity for civil conduct, and whose identity, source of funds, and materials are true, legal, and valid. The second is the institutional investor account. Opening this type of account requires preparing more materials, which is relatively complex. However, it can meet enterprises and institutions' professional trading and fund management needs.

Leverage

Futures trading itself has the characteristic of leverage. The leverage ratio of the NEW ERA futures platform is determined according to different trading varieties. The leverage of commodity futures is around 5 to 15 times, and the leverage of financial futures is around 5 to 10 times. The flexible setting of leverage can not only magnify profits but also increase risks.

Trading Platform

The trading platforms are rich and diverse, including independent trading software such as Boyi Master, Wenhua Yingxunyun, and Kuaiqi V3. These software support trading strategies such as stop-profit and stop-loss, and conditional orders. On the mobile side, there is software such as the New Era Futures APP. In addition, a simulated trading platform and a simulated trading environment are also provided, which are suitable for investors to practice and test their trading strategies.

Deposit and Withdrawal

The platform supports the bank-futures transfer business of 12 banks, including the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China, etc. The deposit time is from 8:20 to 15:30 on trading days and from 20:40 to 02:30 (the next day); the withdrawal time is from 9:01 to 15:30, subject to the specific regulations of the bank. There is no limit for depositing funds, while there are default withdrawal limits and regulations regarding the reserved funds for withdrawal.