Brokers  /  CMF

CMF

Moderate risk
🇨🇳 China · 5-10 years · since 2018-12-06 · 招商期货有限公司
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Independent ratingshow third parties score this broker
WikiFX7.82/10
Trustpilot/5
Forex Peace Army/5
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CMF operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
28
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing3835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration458%
Transparency (site/info/social)5310%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal name招商期货有限公司
Headquarters🇨🇳 China
Founded2018-12-06
Years operating5-10 years
Employees0
Official websitecmf.cfmmc.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments
Registered address
深圳市福田区福华一路111号招商证券大厦16、17楼

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
CFFEXDerivatives Trading License (AGN)0136ChinaRegulated

Review analysis AI

CMF is a long-established, fully-regulated Chinese futures company with institutional backing. However, its focus on the domestic Chinese market and lack of publicly available retail-facing information make it unsuitable for most international retail traders. The absence of independent reviews and limited web presence warrants a guarded stance.

Best for
  • Institutional futures traders in China
  • Those seeking a regulated Chinese futures broker
Not for
  • Retail forex/CFD traders outside China
  • Traders looking for transparent online account details
Period:
What users praise
Where reviewers are from
Australia1
Peru1

Real user reviews

Where CMF operates

Active across 5 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇨🇳 China Licensed
🇺🇸 United States
🇨🇦 Canada
🇹🇼 Taiwan
🇭🇰 Hong Kong

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About CMF

Overview

China Merchants Futures Co., Ltd. (CMF) is a wholly-owned subsidiary of China Merchants Securities Co., Ltd., established in 1993. The company is headquartered in Shenzhen, China, and operates under the regulation of the China Financial Futures Exchange (CFFEX). With a registered capital of 35.98 billion yuan, CMF is one of the earliest wholly-owned futures companies in China.

CMF's primary business involves futures trading and related services. The registered address is at 16-17/F, China Merchants Securities Tower, No.1 Fuhua 1st Road, Futian District, Shenzhen. The company serves institutional and professional clients in the Chinese futures market.

Regulation

CMF holds a Derivatives Trading License from CFFEX, with the status 'Regulated' in China. CFFEX was established with approval from the State Council and the China Securities Regulatory Commission (CSRC). This regulatory framework ensures compliance with Chinese financial market standards.

Given the limited public information available on international trading platforms, traders should verify the broker's licensing details directly with CFFEX or CSRC. The absence of independent user reviews further underscores the need for caution.

Products and Services

As a futures company, CMF likely offers futures contracts on commodities, indices, and other financial instruments traded on Chinese exchanges. Details on specific products or trading platforms are not publicly available from independent sources.

The company's size and backing by China Merchants Securities suggest a strong institutional focus. Retail traders seeking exposure to Chinese futures markets may need to engage through licensed intermediaries.

Account and Trading Information

No specific account types or minimum deposit requirements for CMF are publicly documented. The company likely provides accounts tailored to institutional clients.

Available information does not include trading platforms, spreads, or leverage details. Traders should contact CMF directly or consult the official website (newone.com.cn) for accurate and current terms.

Overview compiled by FXCanary from regulatory records and public data. full CMF review