DAYOU FUTURES

Da You Futures, also known as DAYOU FUTURES, is a Chinese futures brokerage company that operates under the official domain dayouf.com. According to our records, the company was registered on September 22, 2017, and is based in Changsha, Hunan Province, China. The company's registered address is at the Modern Plaza, No. 128, Section 2, Furong South Road, Tianxin District, Changsha. The broker is a wholly-owned subsidiary of Modern Investment Company, a state-owned enterprise listed on the Shenzhen Stock Exchange, and traces its operational history back to July 2002.

The firm holds a derivatives trading license from the China Financial Futures Exchange (CFFEX) and is regulated by the exchange in China. It is also a member of the Dalian Commodity Exchange, Zhengzhou Commodity Exchange, Shanghai Futures Exchange, and Shanghai Energy Trading Center. With a registered capital of 8.3 billion CNY (as per its website), Da You Futures presents itself as a well-capitalized and established player in the Chinese futures market.

Da You Futures is regulated by the China Financial Futures Exchange (CFFEX) under a Derivatives Trading License with the status 'Regulated' in China. This license authorizes the firm to engage in financial futures brokerage and clearing. In addition to CFFEX, the broker is a clearing member of the exchange, which is a significant designation indicating its ability to clear trades on behalf of clients.

It is important to note that while the broker is regulated by a reputable Chinese exchange, it does not hold a license from international regulators such as the FCA or CySEC. This means that the broker primarily serves clients within China and may not be suitable for traders seeking regulatory protection under jurisdictions like the UK or EU. Our risk assessment gives the broker a Scam Risk Score of 28 out of 100, classified as 'Guarded,' indicating a moderate level of risk due to limited international regulation and lack of independent user reviews.

Da You Futures offers a range of futures products, including commodity futures and financial futures. Commodity futures cover categories such as agricultural products, metals, and energy, facilitated by its membership in major Chinese commodity exchanges. Financial futures include stock index futures and government bond futures, which are traded on the CFFEX. The broker also provides fund sales services, allowing clients to invest in various fund products.

In addition to standard brokerage, the broker offers risk management services through its subsidiary, Shanghai Hangshi Commercial Co., Ltd. These services include basis trading, warehouse receipt services (such as pledge and repurchase), and cooperative hedging, which are designed for institutional clients to manage price risks. The broker emphasizes its ability to serve both retail and institutional investors, with a focus on providing professional research and tailored solutions.

The broker offers different account types based on the client's status (individual or institutional) and the type of futures traded. For retail clients, accounts are available for commodity futures, financial futures, and special varieties like options. Institutional clients have similar categories but with additional documentation requirements. The account opening process is largely online, with a 'one-click account opening' feature mentioned on the website. Clients must meet certain conditions, such as completing a risk assessment and providing identification documents.

The broker does not publicly disclose specific account tiers or minimum deposit requirements, but given its focus on Chinese domestic clients, it is likely that account opening is straightforward for residents. The website also provides guides for trading and downloads of trading software, indicating that clients can start trading after completing the account setup.

Da You Futures supports several trading platforms, including popular Chinese terminals like 博易大师 (Boyi Master), 同花顺期货通 (Tonghuashun Futures), and 无限易 (Wuxianyi). These platforms are available for download from the broker's website and offer both trading and charting capabilities. The broker also provides its proprietary 'Da You Online Trading V5.0' software. Platforms are updated regularly, with the latest versions listed on the download page.

For institutional clients, the broker offers the ESunny 9.5 client, which is a professional trading platform. The availability of these platforms suggests that the broker caters to a tech-savvy clientele. However, there is no mention of mobile trading apps or API access, which may be a limitation for some traders.

Da You Futures primarily targets Chinese domestic investors, both retail and institutional, who are interested in trading futures. The broker's strong affiliations with Chinese exchanges and its regulation by CFFEX make it a suitable choice for traders focusing on Chinese markets. The availability of commodity futures from major exchanges like DCE and ZCE is particularly attractive for those involved in agricultural or industrial commodity trading.

However, the broker is not suited for international traders due to its lack of offshore regulation and the fact that its services are likely only available in Chinese. Additionally, traders looking for forex or CFD products will not find them here, as Da You Futures is strictly a futures brokerage. The broker's risk management subsidiary may attract institutional clients looking for hedging solutions. Overall, the broker is best for Chinese residents or companies with a need for domestic futures exposure.