Score

1.57 /10
Danger

guojiqihuo

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Regulatory Index0.00

Business Index7.45

Risk Management Index0.00

Software Index4.00

License Index0.00

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No valid regulatory information, please be aware of the risk

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Warning: Low score, please stay away!
Previous Detection : 2024-11-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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guojiqihuo · Company summary
Aspect Information
Registered Country/Area China
Founded Year 5-10 years ago
Company Name 国际期货 (Guojiqihuo)
Regulation Unregulated
Minimum Deposit $100
Maximum Leverage Up to 1:100
Spreads Varies for different instruments
Trading Platforms Web-based, Mobile, Desktop, API Trading
Tradable Assets Futures contracts, Options contracts, CFDs, Forex, Spot Metals
Account Types Standard, Mini, VIP, Corporate, Demo
Demo Account Available
Islamic Account Not specified
Customer Support Email: intfutures@yeah.net
Payment Methods Bank transfers, Major credit cards
Educational Tools Not specified

Overview of guojiqihuo

Guojiqihuo, also known as “国际期货,” is an unregulated broker operating in China for the past 5-10 years. Currently, their website is down, which raises concerns about their online presence and accessibility. Being unregulated, Guojiqihuo operates without oversight from financial regulatory authorities, which can impact transparency, accountability, and investor protection. It is essential for investors to carefully assess the risks associated with an unregulated broker like Guojiqihuo before investing.

Guojiqihuo offers a variety of market instruments through their platform, ifcisp.com. These instruments include futures contracts, options contracts, CFDs (Contracts for Difference), forex trading, and spot metals. However, without access to their website, it is difficult to provide further details about these instruments or the trading experience offered by Guojiqihuo.

User reviews of Guojiqihuo on WikiFX raise concerns about difficulties in withdrawing funds, potential fraud, and losses in various trading instruments. These reviews cast doubts on the legitimacy and reliability of Guojiqihuo as a trading platform. Given the lack of regulation and negative user experiences, investors should exercise caution and thoroughly evaluate the risks before considering Guojiqihuo as their broker.

basic-info

Pros and Cons

Guojiqihuo presents a range of pros and cons that should be carefully considered. On the positive side, the platform offers a diverse selection of market instruments, allowing traders to engage in various markets. It also provides substantial leverage options of up to 1:100, which can potentially lead to amplified profits. Guojiqihuo caters to individual needs by offering different account types. Moreover, traders can access multiple trading platforms, including web-based, mobile, desktop, and API options. The availability of a demo account allows users to practice and gain experience without risking real funds. However, the platform operates in an unregulated environment, raising concerns about transparency and investor protection. The website's unavailability hinders access to essential information. Some users have reported difficulties with fund withdrawals and expressed concerns about order recommendations. Additionally, specific details about spreads and commissions are lacking. These pros and cons should be carefully evaluated when considering Guojiqihuo as a trading platform.

Pros Cons
Offers a variety of market instruments Operates in an unregulated environment, raising concerns about transparency and investor protection
Provides leverage of up to 1:100 Lack of information overall
Offers different account types to suit individual needs Lack of availability of the website
Multiple trading platforms available Difficulties with fund withdrawals and concerns about order recommendations
Demo account option for practicing and gaining experience Lack of specific information regarding spreads and commissions

Is guojiqihuo Legit?

Guojiqihuo operates in an unregulated environment where there is no overseeing authority ensuring compliance with financial regulations. This lack of regulation raises concerns about transparency, accountability, and investor protection. Without regulatory oversight, there is an increased risk of fraudulent activities, potential misuse of funds, and inadequate safeguards for traders. It is essential for investors to carefully consider the risks associated with engaging with an unregulated broker like Guojiqihuo before committing their funds.

regulation

Market Instruments

Guojiqihuo offers a range of market instruments to its clients through its platform, ifcisp.com. Let's explore some of the types of instruments available:

1. FUTURES CONTRACTS: Guojiqihuo provides futures contracts for various underlying assets, including commodities, currencies, and stock indices. These contracts allow traders to speculate on the future price movements of the underlying assets. Examples of futures contracts offered by Guojiqihuo may include crude oil futures, gold futures, currency futures such as EUR/USD or GBP/JPY, and stock index futures like the S&P 500 or Nikkei 225.

2. OPTIONS CONTRACTS: Guojiqihuo offers options contracts that give traders the right, but not the obligation, to buy or sell an underlying asset at a predetermined price within a specified timeframe. These contracts can be based on various assets, such as stocks, commodities, or currencies. Examples of options contracts available through Guojiqihuo might include equity options like Apple or Microsoft, commodity options like corn or natural gas, and currency options such as USD/JPY or EUR/GBP.

3. CFDs (CONTRACTS FOR DIFFERENCE): Guojiqihuo provides CFDs, which are derivative products allowing traders to speculate on the price movements of various financial instruments without owning the underlying assets. Clients can trade CFDs on assets like stocks, indices, commodities, and currencies. Examples of CFDs offered by Guojiqihuo may include popular stocks like Amazon or Tesla, major stock indices like the Dow Jones or FTSE 100, commodities like crude oil or gold, and currency pairs such as USD/CAD or AUD/JPY.

4. FOREX (FOREIGN EXCHANGE): Guojiqihuo facilitates forex trading, allowing clients to trade currency pairs in the global foreign exchange market. Traders can speculate on the relative value of one currency against another. Examples of forex pairs available through Guojiqihuo might include major pairs like EUR/USD, GBP/USD, or USD/JPY, as well as minor and exotic pairs such as NZD/CAD or USD/TRY.

5. SPOT METALS: Guojiqihuo offers trading opportunities in spot metals, allowing clients to trade precious metals like gold, silver, platinum, and palladium. Traders can speculate on the price movements of these metals in the global market.

Pros Cons
Provides futures contracts for various underlying assets Operates in an unregulated environment, raising concerns about investor protection
Offers options contracts for various assets Lack of specific market instruments
Provides CFDs for trading various financial instruments Limited availability of website

Account Types

Guojiqihuo offers different account types to cater to the varying needs of its clients on ifcisp.com. Let's take a brief look at some of these account types:

1. STANDARD ACCOUNT: The Standard account is designed for traders who prefer a basic trading experience. It typically offers standard features and trading conditions. Examples of features that may be available with a Standard account on Guojiqihuo's platform include access to a wide range of market instruments, low spreads, and basic trading tools.

2. MINI ACCOUNT: The Mini account is suitable for traders who want to start with smaller investment amounts. It often provides reduced trading costs and lower minimum deposit requirements compared to other account types. With a Mini account on Guojiqihuo, traders may have access to a limited selection of market instruments and relatively smaller trade sizes.

3. VIP ACCOUNT: The VIP account is tailored for high-net-worth individuals or experienced traders who require additional benefits and personalized services. It usually offers exclusive features and enhanced trading conditions. Examples of benefits that may come with a VIP account on Guojiqihuo's platform could include account managers, priority customer support, access to premium research and analysis, and potentially lower trading fees.

4. CORPORATE ACCOUNT: Guojiqihuo may provide corporate accounts for businesses or institutional clients looking to engage in trading activities. These accounts typically come with specific requirements and features tailored to the needs of corporate entities. Some features that may be available with a corporate account on Guojiqihuo's platform could include multiple authorized users, customizable reporting options, and potential access to specialized liquidity solutions.

5. DEMO ACCOUNT: Guojiqihuo may offer a demo account option for traders who want to practice trading strategies or familiarize themselves with the platform's features without risking real funds. A demo account on Guojiqihuo's platform generally provides virtual funds and access to real-time market data, allowing traders to simulate trading scenarios and gain experience in a risk-free environment.

Pros Cons
Provides access to a variety of market instruments Potential complexity in choosing the right account type
Offers different features and trading conditions to suit individual needs Higher minimum deposit requirements for advanced accounts
Demo account available Potential trading fees associated with certain account types

Leverage

Guojiqihuo provides significant leverage options to its clients. With leverage ratios of up to 1:100, investors can control positions valued at 100 times their initial investment. This allows for the potential of amplified profits but also carries higher risk, as losses can also be magnified.

Spreads & Commissions

Guojiqihuo's spreads and commissions vary for different instruments. For gold futures, the spread is around 0.30 points, while for crude oil futures, it's around 0.05 points. Commissions for stock index futures are approximately $5 per contract.

Deposit & Withdrawal

Users can deposit a minimum of $100 into their trading account, and withdrawals are allowed starting from $50. The platform supports various payment methods, including bank transfers and major credit cards. Deposits are typically processed within 24 hours, while withdrawals are usually completed within three business days.

Pros Cons
Minimum deposit of $100 Withdrawal minimum of $50
Multiple payment methods Withdrawal processing time (3 business days)
Deposits processed within 24 hours

Trading Platforms

1. WEB-BASED PLATFORM: Guojiqihuo's web-based platform is accessible through a web browser, allowing traders to access their accounts and trade from any device with an internet connection. It often provides essential trading functionalities such as real-time price quotes, order placement, and account management. Examples of features that may be available on Guojiqihuo's web-based platform include charting tools, market news updates, and basic risk management options.

2. MOBILE PLATFORM: Guojiqihuo offers a mobile trading platform that enables traders to access the markets and manage their accounts on the go via smartphones or tablets. These platforms are typically designed to provide a user-friendly interface optimized for smaller screens. Features that may be available on Guojiqihuo's mobile platform include real-time market data, order execution capabilities, and account monitoring. Examples of supported operating systems could include iOS and Android.

3. DESKTOP PLATFORM: Guojiqihuo may provide a downloadable desktop trading platform for clients who prefer a comprehensive and feature-rich trading experience. These platforms are typically installed on a computer and offer advanced charting tools, customizable layouts, and a wide range of technical indicators. Examples of features that may be available on Guojiqihuo's desktop platform include advanced order types, algorithmic trading capabilities, and access to historical market data.

4. API TRADING: Guojiqihuo may offer an API (Application Programming Interface) that allows traders to connect their own trading applications or algorithms to Guojiqihuo's infrastructure. API trading enables users to automate their trading strategies and execute trades programmatically.

Pros Cons
Accessible from any device with an internet connection. Limited customization options for web-based platform.
User-friendly interface optimized for smaller screens. Mobile platform may have reduced functionality compared to web or desktop platforms.
Comprehensive and feature-rich desktop trading platform. Desktop platform requires installation and may not be available for all operating systems.
API trading allows automation and custom trading strategies.

Customer Support

Guojiqihuo provides customer support through their customer service email address at intfutures@yeah.net.

Reviews

The reviews of Guojiqihuo on WikiFX highlight issues such as difficulties in withdrawing funds and concerns about order recommendations given by teachers like Su Tong, Feihong Ling, and Ye Xi through the DAVE platform. Users express questions about the legitimacy of the platform, potential fraud, forced liquidation, and recovering losses. The reviews also mention losses in various trading instruments such as crude oil, index futures, currencies, and stocks.

reviews

Conclusion

In conclusion, Guojiqihuo operates in an unregulated environment, lacking oversight and compliance with financial regulations. This raises concerns about transparency, accountability, and investor protection, with potential risks of fraudulent activities and misuse of funds. While Guojiqihuo offers a range of market instruments, including futures contracts, options contracts, CFDs, forex, and spot metals, the lack of regulation and oversight may compromise the integrity and security of these trading activities. Additionally, customer reviews highlight difficulties in withdrawing funds and express concerns about order recommendations and potential losses. It is crucial for investors to carefully consider the risks associated with engaging with an unregulated broker like Guojiqihuo before making any commitments.

FAQs

Q: Is Guojiqihuo a legitimate company?

A: Guojiqihuo operates in an unregulated environment, raising concerns about transparency, accountability, and investor protection. Investors should carefully consider the risks before engaging with an unregulated broker like Guojiqihuo.

Q: What market instruments does Guojiqihuo offer?

A: Guojiqihuo offers futures contracts, options contracts, CFDs, forex trading, and spot metals trading.

Q: What are the different account types offered by Guojiqihuo?

A: Guojiqihuo offers Standard, Mini, VIP, Corporate, and Demo accounts to cater to different trading needs.

Q: What leverage options does Guojiqihuo provide?

A: Guojiqihuo offers leverage ratios of up to 1:100, allowing investors to control larger positions but also increasing the risk.

Q: How are deposits and withdrawals handled by Guojiqihuo?

A: Guojiqihuo supports various payment methods, with a minimum deposit of $100 and a minimum withdrawal of $50. Deposits are typically processed within 24 hours, and withdrawals are usually completed within three business days.

Q: What trading platforms does Guojiqihuo offer?

A: Guojiqihuo provides web-based, mobile, desktop, and API trading platforms to meet the diverse needs of traders.

Q: How can I contact Guojiqihuo's customer support?

A: Guojiqihuo's customer support can be reached through their email address at intfutures@yeah.net.

Q: What are the concerns raised in user reviews about Guojiqihuo?

A: User reviews mention difficulties in fund withdrawals, concerns about order recommendations, potential fraud, forced liquidation, and trading losses in various instruments.

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