About Eastmoney Futures
Overview
Eastmoney Futures (上海东方财富期货有限公司) is a Chinese futures brokerage based in Shanghai, founded on June 10, 2019. It is a subsidiary of Eastmoney Information Co., Ltd. (300059), a publicly traded company on the Shenzhen Stock Exchange. The broker's official domain is txjhqh.com.
The broker primarily serves retail and institutional clients in China, offering access to commodity and financial futures markets. It is a member of all six major futures exchanges in China, including the China Financial Futures Exchange (CFFEX). Despite its parent company's prominence, the broker itself is relatively young, established in 2019.
Regulation and Licensing
Eastmoney Futures lists CFFEX as its regulator, holding a Derivatives Trading License (AGN). However, the status of this license is marked as blank in official records, indicating incomplete or unverified regulatory standing. The broker is not licensed by any international financial regulator such as the FCA or ASIC.
Given the high FXCanary Scam Risk Score of 85/100, traders should exercise caution. The lack of transparent regulatory status and the absence of independent user reviews raise concerns about the broker's reliability and oversight.
Trading Instruments
The broker offers trading in futures products across all Chinese exchanges, including agricultural commodities, metals, energy, and financial futures such as stock index futures. It does not provide retail forex or CFD trading, making it distinct from typical forex brokers.
The website highlights a wide variety of instruments available through a single account, allowing diversification. However, the exact contract specifications and margin requirements are not detailed on the site.
Account Types and Opening
Eastmoney Futures appears to offer a standard futures account with no separate tiers mentioned. Account opening is conducted entirely online via the mobile app, requiring a Chinese ID and bank account. The broker states that there is no minimum deposit for commodity futures, but financial futures may have different requirements.
The process is streamlined for Chinese residents, but non-Chinese nationals are unlikely to be able to open an account due to regulatory restrictions. The broker does not mention any demo or Islamic accounts.
Platforms
The primary trading platform is the proprietary Eastmoney Futures mobile app, which integrates market data, news, and social features. The broker does not mention support for MetaTrader or other third-party platforms.
Desktop trading capabilities are not explicitly discussed on the website, but the broker likely offers a web-based platform. The emphasis on mobile trading suggests a focus on convenience for on-the-go users.
Overview compiled by FXCanary from regulatory records and public data. full Eastmoney Futures review