SD-Gold

Shanjin Futures Co., Ltd. (山金期货有限公司), operating under the brand SD-Gold, is a China-based futures brokerage established in 1992 (according to its official profile in 2025) and domiciled in Shanghai. The company is a wholly owned subsidiary of Shandong Gold Group, a large state-owned enterprise. It is primarily focused on commodity and financial futures brokerage, catering to both institutional and retail clients within China. The firm’s headquarters is located at 20F, Block C, Shanjin Financial Plaza, 1198 Yangshupu Road, Yangpu District, Shanghai.

Despite its long history, the broker has a limited independent presence on global review platforms and is not widely known outside of China. FXCanary has assigned it a Scam Risk Score of 28/100 (Guarded), indicating that while it holds a valid regulatory license, there are information gaps and limited user feedback. Traders are advised to conduct thorough due diligence before engaging.

Shanjin Futures is regulated by the China Financial Futures Exchange (CFFEX) under a Derivatives Trading License (AGN). CFFEX is a state-backed exchange that oversees financial futures trading in China, and membership requires compliance with Chinese financial regulations. The broker is also a member of all other major Chinese futures exchanges: Shanghai Futures Exchange (SHFE), Dalian Commodity Exchange (DCE), Zhengzhou Commodity Exchange (CZCE), Shanghai International Energy Exchange (INE), and Guangzhou Futures Exchange (GFEX).

The CFFEX license covers the brokerage of financial futures, while its membership in commodity exchanges allows trading in agricultural, metal, and energy futures. However, traders should note that Chinese regulators impose strict capital controls and transaction limits, and foreign clients may face additional barriers. The broker’s registration with the China Securities Regulatory Commission (CSRC) is implied but not explicitly confirmed in public records.

The broker offers trading in a comprehensive range of futures products across all major Chinese exchanges. This includes commodity futures (such as copper, crude oil, soybean, and iron ore), financial futures (stock index futures like CSI 300, SSE 50, and CSI 500, as well as treasury bond futures), and options on futures. It also provides access to energy futures via the Shanghai International Energy Exchange (INE). The firm states it can act as an agent for all currently listed domestic commodity and financial futures contracts.

In addition to standard brokerage, Shanjin Futures offers asset management and futures investment consulting services. Its wholly owned subsidiary, Shanghai Shanjin Industrial Development Co., Ltd., provides risk management services, including hedging, basis trading, and structured products for corporate clients. Retail traders can access these services through the main brokerage.

Shanjin Futures provides individual and corporate account options, with a standard application process that includes identity verification and suitability assessment. A demo account (模拟账户) is available for practice, and the broker supports online account opening through its website. The minimum deposit requirements are not publicly listed but are likely compliant with exchange margin requirements.

The broker offers several trading platforms: Shanjin Futures CTP Express (a professional end-of-day trading system), Shanjin Futures App (mobile trading), and third-party platforms such as BoYi Cloud (博易云), KuaiQi (快期), and Wuxian Yi (无限易). These platforms support advanced order types, charting, and algorithmic trading. The website provides software downloads for all platforms.

Funding is facilitated through bank-futures transfer (银期转账), allowing clients to transfer funds seamlessly between their bank accounts and futures margin accounts. The broker lists multiple designated bank accounts at major Chinese banks, supporting both domestic and foreign currency (USD) transfers. This system is typical for Chinese futures brokers and ensures compliance with anti-money laundering regulations.

Withdrawal is likely processed through the same mechanism, with funds returned to the original bank account upon request. The broker does not prominently advertise international payment methods, suggesting that its services are primarily designed for residents of mainland China. Traders outside China may encounter challenges in funding and compliance.

Shanjin Futures is best suited for traders in China seeking a regulated futures broker with a long track record and state-owned backing. It offers a wide range of domestic futures products and professional services. However, it is not designed for retail forex traders or those looking for CFD trading on foreign exchange or indices. The broker’s product lineup is limited to exchange-traded futures and options, and it does not offer over-the-counter leveraged products.

International traders should note that Chinese futures brokers face strict capital controls and may not accept non-resident accounts. The risk score of 28/100 (Guarded) indicates that while the broker is licensed, there is limited independent data available, and traders should verify account conditions directly with the company.