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Score

7.06 /10

Good

chcf

Item: chcf
Rating: 7.06

Hong Kong

15-20 years

Regulated in Hong Kong

Dealing in futures contracts

Suspicious Scope of Business

Medium potential risk

http://www.chcf.com.hk/eng/index_3.html

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Comparison

Quantity 4

Exposure

Open Account

Website

Score

Regulatory Index6.54

Business Index9.12

Risk Management Index8.90

Software Index5.89

License Index6.54

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

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Open Account

Website

Licenses

SFC Regulated

Futures contracts

VPS Standard

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

Single Core

1G

40G

open now

Broker Information

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Company Name

Chong Hing Commodities & Futures Limited

Company Abbreviation

chcf

Platform registered country and region

Hong Kong

Company website

http://www.chcf.com.hk/eng/index_3.html

Company summary

Pyramid scheme complaint

Expose

chcf · Company summary

ChcfReview Summary
Founded	2001
Registered Country/Region	Hong Kong
Regulation	SFC
Market Instruments	Futures, Options
Demo Account	/
Trading Platform	SPTrader
Min Deposit	/
Customer Support	Phone: +852 3768 9988
	Email: info@chsec.com.hk
	Company Address: 2/F, Chong Hing Bank Center, 24 Des Voeux Road Central, Hong Kong

Chong Hing Commodities & Futures Limited (CHCF), a wholly-owned subsidiary of Chong Hing Bank, is a Hong Kong-based financial establishment concentrated on services in the financial sector. Its principal offerings include Futures and Options Contracts. With a sharp focus on maintaining credibility, CHCF operates under the regulation of the Securities and Futures Commission of Hong Kong (SFC), bearing the licence number AAJ506.

Pros & Cons

Pros	Cons
Regulated by SFC	Complex fee structure
Proprietary trading platform	Margin required for each contract

Is Chcf Legit?

CHCF operates under the regulatory supervision of SFC (Securities and Futures Commission of Hong Kong) with license no. AAJ506. This regulatory compliance indicates that their offerings align with the stipulated legal and ethical norms.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Regulatory Status
	Securities and Futures Commission of Hong Kong (SFC)	Chong Hing Commodities And Futures Limited	Dealing in futures contracts	AAJ506	Regulated

What Can I Trade on Chcf?

Trading Asset	Available
futures	✔
options	✔
forex	❌
commodities	❌
indices	❌
stocks	❌
cryptocurrencies	❌

Fees

CHCF charges varied fees based on contract type and transaction mode.

Fees include commission, Commission Levy, and Exchange Fee. Margin requirements apply to both Futures and Options Contracts and can change based on HKFE adjustments.

Futures Contract

Transactions Type		HSI	MHI	HHI	MCH	HTI	CHH
By Phone	Commission Charge (HK$)	110.00 / 70.00*	30.00 / 20.00*	120.00 / 80.00*	30.00 / 20.00*	110.00 / 70.00*	120.00 / 80.00*
	Commission Levy (HK$)	0.54	0.10	0.54
	Exchange Fee (HK$)	10.00	3.50	2.50	3.50	2.50
	Total Trading Fee (HK$)	120.54 / 80.54	33.60 / 23.60	124.04 / 84.04	32.10 / 22.10	115.54 / 75.54	130.54 / 90.54
Via Internet	Commission Charge (HK$)	100.00 / 60.00*	25.00 / 15.00*	110.00 / 70.00*	25.00 / 15.00*	110.00 / 70.00*	120.00 / 80.00*
	Commission Levy (HK$)	0.54
	Exchange Fee (HK$)	10.00	3.50	2.50	3.50	2.50
	Total Trading Fee (HK$)	110.54 / 74.04	28.60 / 18.60	114.04 / 74.04	27.10 / 17.10	105.54 / 65.54	120.54 / 80.54

Options Contract

Transactions Type		HSIO	MHIO	HHIO	MCHO	HTIO
By Phone	Commission Charge (HK$)	150.00	60.00	150.00	60.00	150.00
	Commission Levy (HK$)	0.54	0.10	0.54
	Exchange Fee (HK$) +	10.00	2.00	3.50	1.00	2.50
	Total Trading Fee (HK$)	160.54	62.10	154.04	61.54	155.54
Via Internet	Options Contract	100.00	30.00	100.00
	Commission Charge (HK$)	0.54	0.10	0.54
	Commission Levy (HK$)	2.00	2.00	3.50	1.00	0.54
	Total Trading Fee (HK$)	110.54	32.10	104.04	31.54	105.54

If you would like to get more information, you can visit https://www.chcf.com.hk/eng/A06_service_charge_and_margin.pdffor details or contact with the company for direct clarification.

Trading Platform

In the past, CHCF utilized the i-Future trading platform for its trading operations. However, in a shift towards upgrading its technological interface, the financial organization transitioned to the SPTrader System from March 26, 2018.

The SPTrader System, compatible with Windows operating systems version 7 and higher, enables CHCF to adapt to modern technological trends and provide a more streamlined, user-friendly trading experience to its customers.

Trading Platform	Supported	Available Devices	Suitable for
SPTrader	✔	/	Experienced traders
MT5	❌	Desktop, Mobile, Web	Experienced traders
MT4	❌	Desktop, Mobile, Web	Beginners

Deposit & Withdrawal

On CHCF, payments are made through Chong Hing Bank transfers. Clients need to uphold the margin requirements in their portfolios or follow their specified instructions, as CHCF can exercise rights over the funds in the clients' designated settlement accounts held at Chong Hing Bank before placing any orders. Clients must ensure enough available margin in their designated account for trade of futures contracts.

For withdrawals from futures accounts, clients should notify the Sales Department staff at CHCF and personally visit the head office or branches to fill the 'Client Fund Withdrawal Request Form'. Typically, fund withdrawal requests are processed on the next working day.

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WikiFX Risk Alerts

Previous Detection : 2024-12-23

The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Survey

chcf

Hong Kong

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

4 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to Withdraw

Unable to log in

I couldn’t log in, let alone trading funding!

YUANSHIKAIDEYUAN

2020-08-05 07:46

Unable to Withdraw

Unable to trade or make withdrawal

The login is unavailable since New Year. I couldn’t trade or make withdrawal.

YUANSHIKAIDEYUAN

2020-05-25 22:57

Others

The APP crashed!

After the New Year, I couldn’t log in to the APP of chcf , thus, unable to deposit or withdraw fund!

YUANSHIKAIDEYUAN

2020-03-03 17:24

Unable to Withdraw

Money has not been withdrawn since December of last year and it was unable to login in after one week.

FANXINGKONG

2020-08-09 11:37

chcf · Company summary

ChcfReview Summary
Founded	2001
Registered Country/Region	Hong Kong
Regulation	SFC
Market Instruments	Futures, Options
Demo Account	/
Trading Platform	SPTrader
Min Deposit	/
Customer Support	Phone: +852 3768 9988
	Email: info@chsec.com.hk
	Company Address: 2/F, Chong Hing Bank Center, 24 Des Voeux Road Central, Hong Kong

Chong Hing Commodities & Futures Limited (CHCF), a wholly-owned subsidiary of Chong Hing Bank, is a Hong Kong-based financial establishment concentrated on services in the financial sector. Its principal offerings include Futures and Options Contracts. With a sharp focus on maintaining credibility, CHCF operates under the regulation of the Securities and Futures Commission of Hong Kong (SFC), bearing the licence number AAJ506.

Pros & Cons

Pros	Cons
Regulated by SFC	Complex fee structure
Proprietary trading platform	Margin required for each contract

Is Chcf Legit?

CHCF operates under the regulatory supervision of SFC (Securities and Futures Commission of Hong Kong) with license no. AAJ506. This regulatory compliance indicates that their offerings align with the stipulated legal and ethical norms.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Regulatory Status
	Securities and Futures Commission of Hong Kong (SFC)	Chong Hing Commodities And Futures Limited	Dealing in futures contracts	AAJ506	Regulated

What Can I Trade on Chcf?

Trading Asset	Available
futures	✔
options	✔
forex	❌
commodities	❌
indices	❌
stocks	❌
cryptocurrencies	❌

Fees

CHCF charges varied fees based on contract type and transaction mode.

Fees include commission, Commission Levy, and Exchange Fee. Margin requirements apply to both Futures and Options Contracts and can change based on HKFE adjustments.

Futures Contract

Transactions Type		HSI	MHI	HHI	MCH	HTI	CHH
By Phone	Commission Charge (HK$)	110.00 / 70.00*	30.00 / 20.00*	120.00 / 80.00*	30.00 / 20.00*	110.00 / 70.00*	120.00 / 80.00*
	Commission Levy (HK$)	0.54	0.10	0.54
	Exchange Fee (HK$)	10.00	3.50	2.50	3.50	2.50
	Total Trading Fee (HK$)	120.54 / 80.54	33.60 / 23.60	124.04 / 84.04	32.10 / 22.10	115.54 / 75.54	130.54 / 90.54
Via Internet	Commission Charge (HK$)	100.00 / 60.00*	25.00 / 15.00*	110.00 / 70.00*	25.00 / 15.00*	110.00 / 70.00*	120.00 / 80.00*
	Commission Levy (HK$)	0.54
	Exchange Fee (HK$)	10.00	3.50	2.50	3.50	2.50
	Total Trading Fee (HK$)	110.54 / 74.04	28.60 / 18.60	114.04 / 74.04	27.10 / 17.10	105.54 / 65.54	120.54 / 80.54

Options Contract

Transactions Type		HSIO	MHIO	HHIO	MCHO	HTIO
By Phone	Commission Charge (HK$)	150.00	60.00	150.00	60.00	150.00
	Commission Levy (HK$)	0.54	0.10	0.54
	Exchange Fee (HK$) +	10.00	2.00	3.50	1.00	2.50
	Total Trading Fee (HK$)	160.54	62.10	154.04	61.54	155.54
Via Internet	Options Contract	100.00	30.00	100.00
	Commission Charge (HK$)	0.54	0.10	0.54
	Commission Levy (HK$)	2.00	2.00	3.50	1.00	0.54
	Total Trading Fee (HK$)	110.54	32.10	104.04	31.54	105.54

If you would like to get more information, you can visit https://www.chcf.com.hk/eng/A06_service_charge_and_margin.pdffor details or contact with the company for direct clarification.

Trading Platform

In the past, CHCF utilized the i-Future trading platform for its trading operations. However, in a shift towards upgrading its technological interface, the financial organization transitioned to the SPTrader System from March 26, 2018.

The SPTrader System, compatible with Windows operating systems version 7 and higher, enables CHCF to adapt to modern technological trends and provide a more streamlined, user-friendly trading experience to its customers.

Trading Platform	Supported	Available Devices	Suitable for
SPTrader	✔	/	Experienced traders
MT5	❌	Desktop, Mobile, Web	Experienced traders
MT4	❌	Desktop, Mobile, Web	Beginners

Deposit & Withdrawal

On CHCF, payments are made through Chong Hing Bank transfers. Clients need to uphold the margin requirements in their portfolios or follow their specified instructions, as CHCF can exercise rights over the funds in the clients' designated settlement accounts held at Chong Hing Bank before placing any orders. Clients must ensure enough available margin in their designated account for trade of futures contracts.

For withdrawals from futures accounts, clients should notify the Sales Department staff at CHCF and personally visit the head office or branches to fill the 'Client Fund Withdrawal Request Form'. Typically, fund withdrawal requests are processed on the next working day.

User Reviews

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User comment

2

Comments

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YouQing

more than one year

CHCF's margin trading is quite restrictive. Typically, my options positions are automatically closed two hours before the market closes, resulting in losses. A lot can happen in those two hours, but it seems like they always expect customers to incur losses. For buy-and-hold investors, be aware that if there's no trading activity within six months, the broker charges a hefty $100 inactivity fee.

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2024-01-19 23:32

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0

Ewjhbe

more than one year

So, last December with CHCF wasn't great. I had a hard time getting my money – withdrawals took forever. And to top it off, I couldn't even log in for a week. It was a real headache.

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2023-12-29 18:04

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4