Eastmoney Futures

Eastmoney Futures, legally named Shanghai Eastmoney Futures Co., Ltd., is a Chinese futures brokerage established on August 8, 2019. It is a wholly owned subsidiary of Eastmoney Information Co., Ltd. (stock code 300059), a major Chinese financial information and technology company. The broker is headquartered in Shanghai, with its registered address at Room 101, Building 2, No. 190 Longtian Road, Xuhui District, and its main office at North Block, 12th Floor, No. 1500 Century Avenue, Pudong New Area.

As a regulated entity, Eastmoney Futures holds a Derivatives Trading License from the China Financial Futures Exchange (CFFEX) and is also a member of all six national futures exchanges, enabling it to offer a full spectrum of domestic futures and options products. Its regulatory status under the China Securities Regulatory Commission (CSRC) framework places it within the country's formal financial oversight system.

Eastmoney Futures is regulated by the China Financial Futures Exchange (CFFEX), which is itself under the supervision of the China Securities Regulatory Commission (CSRC). The CFFEX license (AGN) is classified as 'Regulated' and applies to derivatives trading. While this provides a level of official recognition, it is important to note that the CFFEX is an exchange regulator rather than a comprehensive financial conduct authority. The broker's uniform social credit code is 91310000729396054H, and its operating license number is 000000062324.

FXCanary's internal scam risk score for Eastmoney Futures is 31 out of 100, indicating a 'Guarded' risk level. This conservative score reflects the fact that the broker operates in a highly regulated domestic market but offers no direct investor protection schemes such as compensation funds. Additionally, the broker serves only Chinese residents, limiting recourse for international traders.

Eastmoney Futures specializes in domestic Chinese futures trading, covering both commodity and financial contracts. Its product lineup includes agricultural commodities (e.g., soybean meal, corn), metals (copper, aluminum), energy (crude oil, fuel oil), and financial futures (stock index futures, treasury bond futures). The broker also offers options on selected futures contracts. It does not provide forex or CFD trading, and its services are restricted to products listed on Chinese exchanges.

The broker supports both intraday (T+0) trading and night sessions for certain contracts. Minimum tick sizes and contract specifications follow exchange standards. Investors must adhere to the product risk classification system (R1-R5) defined by Chinese regulations, with financial futures and options categorized as R4 (high risk).

Eastmoney Futures offers two broad account tiers: commodity futures accounts and financial futures accounts. Opening a commodity futures account has no minimum deposit requirement and can be done entirely online. However, to trade certain restricted products like PTA futures, iron ore futures, or commodity options, account holders must demonstrate a minimum of 100,000 CNY in available funds for five consecutive days, along with a passing score on a knowledge test.

For financial futures (stock index and treasury bond futures), a higher threshold applies: a minimum of 500,000 CNY must be maintained for five consecutive days, and clients must have at least 10 real futures trades within the past three years (or an equivalent simulation record). All accounts require a suitability assessment consistent with Chinese regulatory guidelines.

The broker provides its own branded mobile app, 'Eastmoney Futures APP,' which is available for iOS and Android. The app supports account registration, real-time market data, and trade execution. It also includes features like intelligent conditional orders, simulated trading, and a social community called 'Futures Bar.' For desktop users, Eastmoney Futures offers a downloadable trading platform compatible with Windows.

Additionally, the broker integrates with the China Futures Market Monitoring Center for transaction and position verification. Official client support is available via a national hotline (400-980-1818) and email. The website also provides educational resources such as video tutorials and a 'Futures School' section for beginners.

Funding is handled through bank transfers via the China Bank-Futures Transfer (CBF) system, with support for multiple major Chinese banks including ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, and several others. Deposit hours are Monday to Friday 8:30-15:30 and 20:30-02:30 (next day). Withdrawals are permitted Monday to Friday 9:00-15:30, with a daily limit of 1.5 million CNY and a maximum of 10 withdrawals per day (each capped at 500,000 CNY). A minimum retained balance of 10 CNY applies.

The broker emphasizes that it does not accept cash, third-party payments, or other informal methods. It also warns clients against unauthorized intermediaries claiming to represent Eastmoney Futures, reinforcing its anti-fraud stance.

Eastmoney Futures is designed for Chinese residents who wish to trade domestic futures and options markets. Its low entry barrier for commodity futures (no minimum deposit) appeals to retail investors, while its higher-tier requirements for financial futures cater to more experienced or capitalized traders. The broker's integration with Eastmoney's broader ecosystem (which includes the popular Eastmoney Securities and East Money information platform) also attracts users familiar with the brand.

Non-Chinese residents are unlikely to be able to open accounts, as the broker's registration and KYC process relies on Chinese national ID numbers and bank accounts. International traders seeking forex or CFD trading should look elsewhere.