Eastmoney Futures

Eastmoney Futures, officially named Shanghai Eastmoney Futures Co., Ltd., is a Chinese futures brokerage established on August 8, 2019, and headquartered in Shanghai, China. The firm is a wholly owned subsidiary of Eastmoney Information Co., Ltd. (Shenzhen Stock Exchange: 300059), a major Chinese financial data and services provider. As of the time of this review, the broker focuses exclusively on the domestic Chinese futures market and does not offer retail forex or CFD trading to international clients.

The broker operates a regulated business model that is distinct from many offshore forex brokers. It holds a derivatives trading license from the China Financial Futures Exchange (CFFEX) and is registered with the Shanghai Administration for Market Regulation. Its registered address is at 1500 Century Avenue, 12th Floor North, Pudong New Area, Shanghai, with an alternate office at 190 Longtian Road, Shanghai.

Eastmoney Futures is regulated by the China Financial Futures Exchange (CFFEX), a national futures exchange under the supervision of the China Securities Regulatory Commission (CSRC). The firm's license status is listed as 'Regulated' in industry databases, and its business license number (000000062324) is publicly verifiable. Additionally, the broker is a member of all major Chinese futures exchanges, including the Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, Guangzhou Futures Exchange, and Shanghai International Energy Exchange.

Despite this regulatory footprint, it is important to note that the broker operates within China's regulatory framework, which does not typically extend protections to non-resident investors. Traders outside mainland China should be aware that the broker's services are primarily designed for domestic clients and may not comply with foreign regulatory requirements. The scam risk score for Eastmoney Futures stands at 30 out of 100, indicating a relatively low risk of fraudulent activity but caution is still advised for international traders.

Eastmoney Futures provides access to a comprehensive range of Chinese futures and options products. These include commodity futures (such as copper, crude oil, gold, soybean meal, and iron ore), financial futures (including CSI 300 Index futures, SSE 50 Index futures, and 10-year government bond futures), and options on certain futures contracts. The broker supports trading on all six domestic futures exchanges, covering both daytime and nighttime sessions.

The broker's product offering is tailored to the Chinese market and does not include international forex pairs, CFDs on foreign stocks, or non-Chinese derivatives. For traders seeking direct exposure to Chinese asset classes, Eastmoney Futures offers a direct route, but it is not suitable for those looking to trade global forex or CFD products. The minimum contract sizes and margin requirements vary by product and are subject to exchange rules.

The broker offers a single account structure that can be upgraded based on the trader's qualifications and capital. New clients start with a basic commodity futures account that has no minimum deposit requirement. To trade more advanced products, such as PTA or iron ore futures, an account upgrade requires a minimum of 100,000 RMB (approximately $14,000) in available funds for five consecutive trading days. For financial futures (stock index and government bond futures), the requirement is 500,000 RMB (approximately $70,000).

Account opening is fully digital and can be initiated through the broker's mobile app or website. Applicants must provide a valid Chinese ID (citizen ID card), a bank card from a supported bank, and have a stable internet connection. The broker also requires new clients to complete a risk assessment and, for certain products, pass a knowledge test administered by the China Futures Association. Once approved, funds can be deposited via bank transfer or online banking, and trading can commence on the same day.

Eastmoney Futures offers its own branded mobile trading application, 'Eastmoney Futures App,' which is available for download on the company's website. The app is designed for Chinese investors and provides features such as real-time quotes, charting tools, order placement, and account management. The broker also supports desktop trading software for Windows, though specific platform names are not disclosed on the website. Additionally, clients can access the market through the broker's online trading portal.

The broker emphasizes that its trading platform integrates seamlessly with the broader Eastmoney ecosystem, including Eastmoney's financial news services and community forums. The app includes simulated trading (paper trading) capabilities for beginners, as well as advanced order types like stop-loss and take-profit conditional orders. Leverage is built into futures trading through margin requirements set by the exchanges, not by the broker itself.

Eastmoney Futures provides customer support via a national toll-free number (400-980-1818) and an online contact form. The support hours are not explicitly stated, but the broker's website indicates that account and technical support are available during Chinese business hours. The broker also maintains an active presence on its website to address client inquiries, including a dedicated section for fraud alerts and compliance warnings.

The broker's website is entirely in Simplified Chinese, and there is no multilingual support. This may pose a barrier for non-Chinese speakers. The broker also does not offer live chat on its website, and the response time for email or phone inquiries may vary. Despite these limitations, the broker's affiliation with a well-known Chinese financial brand suggests a degree of accountability and accessibility for local clients.