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WESTERN -

Score

7.86 /10
Good

WESTERN

China

5-10 years

Regulated in China

Futures License

https://www.westfutu.com

Influence

C

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Score

Regulatory Index7.83

Business Index7.30

Risk Management Index9.67

Software Index7.05

License Index7.83

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WESTERN · Company summary
Western Futures
Founded2013
Registered Country/RegionChina
RegulationCFFEX
Market InstrumentsCrude Oil, TSR 20, LSFO(Low Sulfur Fuel Oil), Bonded Copper, lron Ore, Palm Olein, PTA, and Sugar
Account TypeStandard Account, Pro Account, and VIP Account
Demo Account✔
Leverage1:500
SpreadStart from 0.0pips
Deposit & WithdrawalBank Transfer
Trading PlatformWeChat and App
Minimum Deposit$100
Customer supportPhone: 400-6886896, 021-60276066Headquarters Address: 9F &10F, Room 10000, Building 8, No. 319, Dongxin Street, Xincheng District, Xian City8F, Building T3, No. 276 Yaoti Road, Pudong New Area Shanghai,China
Educational ResourceMorning Express, Quick Review, and Monthly Report

Western Futures Information

Western Futures, founded in 2013, is an old brokerage registered in China. The trading instruments it provides cover Crude Oil, TSR 20, LSFO(Low Sulfur Fuel Oil), Bonded Copper, lron Ore, Palm Olein, PTA, and Sugar.

Western Futures Information

Pros and Cons

Pros Cons
RegulatedLimited Trading Platforms
Diverse Market InstrumentsBank Transfer Only
Multiple Account TypesLimited Communication Channels
Competitive spreads from 0.0 pips
Low Minimum Deposit

Is Western Futures Legit?

Western Futures is regulated by China Finanicial Futures Exchange(CFFXE).

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
ChinaCFFEXWestern FuturesNo Sharing0160Regulated
Is Western Futures Legit?
Is Western Futures Legit?

Which Futures Can I Trade on Western Futures?

Western Futures offers traders the opportunity to trade Crude Oil, TSR 20, LSFO(Low Sulfur Fuel Oil), Bonded Copper, lron Ore, Palm Olein, PTA, and Sugar.

FuturesSupported
Crude Oil✔
TSR 20✔
LSFO(Low Sulfur Fuel Oil)✔
Bonded Copper✔
lron Ore✔
Palm Olein✔
PTA✔
Sugar✔
Gold❌

Account Types

Western Futures offers 3 different types of accounts to traders -Standard Account, Pro Account, and VIP Account.It also provides demo account.

Account TypeMinimum DepositLeverage
Standard Account$1001:30
Pro Account$5001:500
VIP Account$10,000Negotiable

Western Futures Fees

3 accounts are different in spreads and commission. Different futures have different spreads. VIP Account's spread is the lowest, starting with 0.0pips, and charges no fee. Standard Account's spread and fees are the highest.

Account TypeAccount Inactivity FeeTypical Spreads (Examples)
Standard Account$10 per month after 6 months of inactivityCrude Oil: 1.8 pips, TSR 20: 2.2 pips, LSFO: 2.0 pips
Pro Account$20 per month after 6 months of inactivityCrude Oil: 1.2 pips, TSR 20: 1.6 pips, LSFO: 1.5 pips
VIP AccountNoCrude Oil: 0.0 pips + $3/lot, TSR 20: 0.0 pips + $2/lot, LSFO: 0.0 pips + $3.5/lot

Western Futures Platform

Western Futures's trading platform is MT-professional, Western Futures, Futures trading terminal, and so on, which supports traders on PC, Mobile.

Deposit and Withdrawal

WESTERN provides bank transfers to traders. Traders can deposit and withdraw funds using the following banks:

Industrial and Commercial Bank of China (ICBC)

Agricultural Bank of China (ABC)

Bank of China

China Construction Bank

Bank of Communications

China Merchants Bank

China Everbright Bank

Shanghai Pudong Development Bank

Industrial Bank

CITIC Bank

China Minsheng Bank

Deposit and Withdrawal

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orenr
more than one year
My WESTERN experience was a mixed bag. While the ambiance and staff were pleasant, the limited menu and high prices didn't justify the average food quality. Service was a bit slow, and overall, it didn't live up to the hype for me.
My WESTERN experience was a mixed bag. While the ambiance and staff were pleasant, the limited menu and high prices didn't justify the average food quality. Service was a bit slow, and overall, it didn't live up to the hype for me.
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2023-12-19 18:43
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随╰☆风
more than one year
He estado operando con esta empresa durante 2 meses y hasta ahora estoy satisfecho y continuaré operando. Está efectivamente regulado por CFFEX. Entre muchos factores, lo que más me impresiona es su velocidad de transacción, que se puede decir que es insuperable.
He estado operando con esta empresa durante 2 meses y hasta ahora estoy satisfecho y continuaré operando. Está efectivamente regulado por CFFEX. Entre muchos factores, lo que más me impresiona es su velocidad de transacción, que se puede decir que es insuperable.
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2022-11-22 17:48
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