SHZQ FUTURES CO., LTD

SHZQ FUTURES CO., LTD (operating as 上海中期期货股份有限公司 or Shanghai Zhongqi Futures) is a Chinese futures brokerage headquartered in Shanghai. The firm was originally founded in 1995 and has grown into a mid-sized player in the sector. According to our records, the entity is registered under the name SHZQ FUTURES CO., LTD and has been active since 2019-01-26, though the broader company history extends much further. The broker primarily serves domestic Chinese clients, offering access to commodity and financial futures markets.

The company's physical address is located at the China Diamond Trading Center in the Pudong New Area of Shanghai. Its official website is shcifco.com, and it provides customer service via a national hotline and email. The broker is a member of all major Chinese futures exchanges, giving clients direct market access.

SHZQ Futures holds a Derivatives Trading License (AGN) from the China Financial Futures Exchange (CFFEX), with a status of 'Regulated'. CFFEX is the sole exchange for financial futures in mainland China and operates under the supervision of the China Securities Regulatory Commission (CSRC). This licensing indicates that the broker is authorized to conduct financial futures trading, including equity index and government bond futures.

Beyond CFFEX membership, the broker is also a participant in other major Chinese exchanges: Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange, Shanghai International Energy Exchange, and Guangzhou Futures Exchange. While China's futures industry is subject to strict oversight, the regulatory framework differs from that of offshore forex brokers, and retail clients should be aware that accounts are governed by Chinese law.

SHZQ Futures offers a broad range of futures and options across multiple asset classes. Commodity futures include metals (copper, aluminum, gold, silver), steel products (rebar, hot-rolled coil), energy (crude oil, natural gas), and agricultural products (soybean, corn, palm oil). Financial futures cover equity index futures (CSI 300, SSE 50, CSI 500) and government bond futures (2-year, 5-year, 10-year treasury futures). The broker also provides commodity options and physical delivery services for select contracts.

The instrument list is typical for a Chinese futures house, with no retail forex or CFD offerings in the conventional sense, though currency futures such as USD/CNH are traded on the Shanghai International Energy Exchange. Traders looking for leveraged spot forex or contract-for-difference products will not find them here.

The broker does not publicly detail multiple account tiers such as standard, premium, or Islamic accounts. Instead, accounts appear standardized for retail and institutional clients within China's regulatory framework. Minimum deposits are not explicitly stated on the website, but aggregated industry data suggests that margin requirements vary by product. The broker offers both online and offline account opening processes.

Trading is conducted in Chinese Yuan (CNY), with margin calls and risk management handled according to exchange rules. Leverage is set by the exchanges and is typically lower than offshore forex brokers, often ranging from 5:1 to 20:1 for commodity futures and around 10:1 for index futures. The broker does not advertise fixed spreads; instead, commissions are negotiable based on volume and relationship.

Funding is primarily done through bank transfers via the '银期转账' (bank-futures transfer) system, which connects directly to clients' Chinese bank accounts. Supported banks include major institutions like ICBC, CCB, ABC, BOC, and others. The minimum deposit is not specified but typically depends on the contract margin. Withdrawals are subject to daily limits: a maximum of three transfers per day, with a daily cap of 2 million CNY. Funds are processed during market hours (8:30-15:45) and overnight deposits only allow inbound transfers.

The broker does not disclose any fees for deposits, but standard bank charges may apply. Withdrawals are free within the daily limit. The broker's website also provides detailed password and transfer rules, distinguishing between bank card passwords, fund passwords, and trading passwords.

SHZQ Futures offers customer support via a toll-free hotline (400-670-9898) and email. The website is available in Chinese only, reflecting its domestic focus. The broker provides a comprehensive '投资者教育园地' (investor education section) covering risk disclosure, trading rules, and product knowledge. It also maintains a '客服中心' (customer service center) with FAQs and online business processing.

Branch offices are located in Shanghai (headquarters), Suzhou, and Dalian, providing in-person support. The broker does not offer 24/7 live chat, but phone support is available during business hours. Given the limited international outreach, English support is not provided.

SHZQ Futures is designed for Chinese residents interested in trading futures on domestic exchanges. It caters to both retail speculators and institutional clients such as corporations hedging commodity price risks. The broker is not suitable for overseas traders due to regulatory restrictions and the lack of English-language support.

Traders seeking high-leverage forex or CFD trading should look elsewhere, as this entity focuses on exchange-traded futures with standardized contracts. The broker's client base is primarily domestic, and its low FXCanary Scam Risk Score (28/100) suggests it operates with a reasonable degree of regulatory oversight, but the overall trading environment is distinctly Chinese and subject to local market conditions.