CHANG-AN FUTURES

Chang-An Futures Co., Ltd. (长安期货) is a Chinese futures brokerage firm headquartered in Xi'an, Shaanxi province. It was established in April 1993 and is regulated by the China Securities Regulatory Commission (CSRC) through its membership in the China Financial Futures Exchange (CFFEX). The broker operates with a registered capital of RMB 750 million (as of 2024) and holds a Derivatives Trading License (AGN) under CFFEX, with a regulatory status of 'Regulated' in China.

The broker's official domain is cafut.cn, and its registered address is at 9th Floor, Chanba Foreign Affairs Building, No.1 Chanba Avenue, Chanba Ecological Zone, Xi'an. It primarily serves domestic Chinese clients who wish to trade futures and options on Chinese exchanges. As a member of all major Chinese futures exchanges, it provides direct market access to commodity and financial futures.

Chang-An Futures is regulated by the China Financial Futures Exchange (CFFEX), which is under the oversight of the China Securities Regulatory Commission (CSRC). The broker holds a Derivatives Trading License (AGN) that authorizes it to conduct futures brokerage and advisory services. FXCanary's cross-check of the public register confirms the firm's current regulatory status as 'Regulated' in China.

The broker's compliance with Chinese regulations includes mandatory client fund segregation, as evidenced by its public disclosure of dedicated margin accounts with major banks. It also adheres to the transparent supervision requirements imposed by the China Futures Market Monitoring Center. However, traders should note that this license covers only domestic Chinese operations and does not provide protection under any overseas compensation scheme.

Chang-An Futures offers brokerage services for a wide range of futures and options products listed on Chinese exchanges. These include agricultural commodities (such as soybeans, corn, and cotton), metals (copper, aluminum, gold), energy (crude oil, coal), and financial futures (CSI 300 stock index futures, treasury bond futures). The broker also provides futures trading advisory services to help clients develop trading strategies and manage risk.

The broker's product range is limited to exchange-traded derivatives and does not include spot forex, CFDs, or off-exchange leveraged products. This makes it suitable for traders interested in regulated futures markets but not for those seeking retail forex or CFD trading. The broker also offers research and market analysis through its 'Chang'an Research' section on its website, covering daily views, data services, and reports.

Chang-An Futures primarily offers a standard futures brokerage account for both individual and institutional clients. According to its website, the account opening process can be completed online or through one of its branch offices. The broker does not publicly disclose multiple account tiers or minimum deposit requirements, though futures trading generally requires margin deposits determined by exchange requirements.

Clients must be Chinese residents or entities to open accounts, as the broker's services are limited to the domestic market. The account opening process involves identity verification, risk assessment, and signing of agreements. After approval, clients can fund their accounts via bank-futures transfer (银期转账) using one of seven supported banks, or through non-bank transfer methods.

The broker provides several third-party trading platforms that are widely used in the Chinese futures market. The main platform offered is Boci Cloud Trading (博易云交易版), which supports Feima and CTP trading systems and complies with China's transparent supervision standards. Additionally, the broker offers Wenhua Winsun (文华赢顺) software, which is a popular choice among Chinese retail traders for its charting and analysis tools.

All platforms are available for Windows operating systems and include support for the latest national encryption standards. The broker also provides a mobile trading application through its 'Chang'an Wealth' website, though details are limited. Users are advised to ensure their computers are secure against malware and to follow the broker's electronic service disclaimer.

Funding and withdrawals are handled primarily through the bank-futures transfer system, with clients able to use seven major Chinese banks. The broker also allows non-bank transfer methods for clients without bank-futures linkage. According to the fee schedule on its website, the default commission is four times the exchange's trading fee for the broker's retention, plus the exchange fee and other costs. However, clients can negotiate alternative fees by written agreement.

Customer support is available via telephone at 029-83597668, and the broker maintains a physical office at its registered address in Xi'an. The website includes a 'Company Announcements' section for official notices and a 'Transaction Tips' section for market alerts. Support is likely provided in Mandarin Chinese only, as the broker's operations are focused on the domestic market.

Chang-An Futures is best suited for Chinese residents and institutions looking to trade regulated futures and options on domestic exchanges. It is particularly appropriate for traders with experience in commodity markets or those seeking direct access to Chinese financial futures. The broker's robust regulatory status and long operating history (since 1993) make it a credible choice for domestic futures trading.

The broker is not suitable for non-Chinese residents, retail forex or CFD traders, or those seeking high leverage on spot markets. Its product offering is limited to exchange-traded derivatives, and its services are tailored to the Chinese regulatory environment. Traders should also note that the broker's risk score of 28/100 (Guarded) indicates some caution is warranted, though this is primarily due to jurisdictional limitations rather than any specific misconduct.