SHANGHAI ZHESHI FUTURES Co. Ltd.,

SHANGHAI ZHESHI FUTURES Co. Ltd. is a futures brokerage firm headquartered in Shanghai, China. According to official records, the company was incorporated on December 6, 2018, and operates under the corporate name registered with the Shanghai Municipal Administration of Market Supervision.

The firm's stated history, however, claims a lineage dating back to May 1995, originally known as the Futures Department of Zhejiang Petroleum Corporation. This discrepancy between the official registration date and the claimed founding year is worth noting, as it may indicate a restructuring or rebranding that is not clearly documented in public sources.

The broker holds a Derivatives Trading License (AGN) issued by the China Financial Futures Exchange (CFFEX), a domestic exchange in China. The CFFEX is not a retail forex regulator in the traditional sense; it is a futures exchange that oversees derivatives trading in China.

It is important to clarify that a CFFEX license does not equate to oversight by a financial conduct authority like the FCA or ASIC. Traders outside China should be aware that this broker is not permitted to solicit or service international retail clients under typical offshore regulatory frameworks.

As a futures brokerage, SHANGHAI ZHESHI FUTURES primarily deals in commodity and financial futures contracts traded on Chinese exchanges. The firm is likely targeted at institutional traders, professional investors, and domestic Chinese clients familiar with the local futures market.

The company's own description references a 'Futures Brokerage License' from the China Securities Regulatory Commission, indicating that its core business is the execution and clearing of futures orders, not retail forex or CFD trading as commonly understood in the international retail trading space.

Our research found very little independent information about SHANGHAI ZHESHI FUTURES outside of official registry entries. The company does not appear to have a significant global web presence, and its official website (zsqh.com) does not provide detailed account information, trading platforms, or fee schedules in English.

For potential clients, especially those outside China, the lack of publicly verifiable information is a significant barrier to due diligence. This absence of transparency is reflected in FXCanary's scam risk score of 42/100 (Guarded), which indicates that while there are no immediate red flags of fraud, the information environment is thin and warrants caution.

SHANGHAI ZHESHI FUTURES appears to be a legitimate but narrowly-focused Chinese futures broker. Its regulatory standing rests solely on a domestic derivatives exchange license, and it is not regulated for retail forex or CFD business in any major financial jurisdiction.

Traders considering this broker should be aware of the jurisdictional limits and the inconsistent historical claims. The safest course for international retail traders is to avoid engaging with this firm unless they are professionally qualified and fully understand the Chinese regulatory landscape.