SHANGHAI ZHESHI FUTURES Co. Ltd

Shanghai Zheshi Futures Co., Ltd. (浙石期货) is a Chinese futures brokerage firm headquartered in Shanghai, with branch offices in Hangzhou and Ningbo. According to its official website, the company was founded in May 1995 and is wholly owned by Sinopec Group, one of China's largest state-owned enterprises. It operates under the regulatory oversight of the China Financial Futures Exchange (CFFEX), holding a derivatives trading license with 'Regulated' status.

The company's registered address is Room 314, Building B, No. 1 Midu Road, Gongshu District, Hangzhou, Zhejiang Province. However, its main office is located at 438 Pudian Road, China (Shanghai) Pilot Free Trade Zone. This dual presence reflects its operational scope serving both Shanghai and Hangzhou markets.

Zheshi Futures is regulated by the China Financial Futures Exchange (CFFEX) for derivatives trading. As a member of multiple exchanges, it must comply with Chinese financial regulations and maintain required capital and reporting standards. The broker's CFFEX license is listed as 'Regulated' in industry databases.

Despite this regulatory framework, independent client reviews are scarce, and the broker does not widely publish its trading fees or detailed financial disclosures. This limited public information contributes to a 'Guarded' risk score of 31 out of 100 from FXCanary's internal assessment, indicating that while not high-risk, traders should exercise caution and verify details directly.

The broker's website does not clearly specify distinct account tiers or minimum deposit requirements for retail clients. It appears to follow standard Chinese futures brokerage practices, where account opening may require a minimum deposit set by the exchange or broker. Corporate and institutional accounts likely have different terms.

Given the lack of published information, potential clients should contact the broker directly to inquire about account types, leverage options (if any), and applicable margin requirements. The broker's website provides a customer service phone number and online inquiry form for this purpose.

Zheshi Futures offers a wide range of futures and options contracts traded on Chinese exchanges. These include commodity futures (e.g., metals, energy, agricultural products), financial futures (stock index and government bond futures), and OTC derivatives. The broker specifically mentions service for hedging and risk management for corporate clients.

Retail investors can access these instruments through the company's trading platform. However, it is unclear whether the broker offers any forex or CFD products typically associated with international retail forex brokers. The focus is clearly on domestic Chinese futures markets.

The broker provides proprietary electronic trading software accessible via web and desktop. The website mentions a 'Zheshi Futures platform' but does not name a specific third-party platform. Clients can use the platform for order entry, real-time quotes, and account management.

Additionally, the broker offers a silver-futures transfer system for fund management and a link to the China Futures Margin Monitoring Center for daily settlement and position tracking. Customer support is available during trading hours, including night sessions for certain products.

Funding is primarily done through bank transfers and the silver-futures transfer system, which allows seamless transfers between bank accounts and the futures margin account. The broker supports multiple Chinese banks, including ICBC, CCB, BOC, ABC, Bank of Communications, and others.

The broker imposes daily withdrawal limits (up to 200,000 CNY per day with a maximum of five withdrawals) and requires accounts to maintain a minimum balance of 50 CNY. For larger withdrawals, clients must contact customer service to increase limits. International fund transfers are not mentioned, suggesting a focus on domestic clients.

This broker is primarily aimed at Chinese domestic investors and corporate clients, particularly those within the Sinopec Group ecosystem. It appears designed for entities needing hedging and risk management services rather than speculative retail traders seeking high leverage on forex or CFDs.

Given the Chinese-language website and lack of English support, international retail traders are unlikely to find this broker suitable. The broker's services are tailored to compliance with Chinese regulations, limiting accessibility for foreign investors.