YONGSHANG FUTURES

YONGSHANG FUTURES (永商期货有限公司) is a Chinese futures brokerage headquartered in Harbin, Heilongjiang Province. The company was established on February 19, 2019, and operates under the supervision of the China Financial Futures Exchange (CFFEX), holding a derivatives trading license. It is also registered with other major Chinese futures exchanges as a full member.

The firm's registered address is Room 901, 9th Floor, No. 260 Zhongshan Road, Nangang District, Harbin. It primarily serves domestic retail and institutional clients interested in commodity and financial futures trading.

YONGSHANG FUTURES is regulated by the China Financial Futures Exchange (CFFEX), which is a self-regulatory organization for financial futures in China. The CFFEX license (AGN) is categorized as a derivatives trading license and is classified as 'Regulated' in our records. Additionally, the company holds memberships in the Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange, and the Shanghai International Energy Exchange.

It is important to note that Chinese futures brokerages are regulated within China's domestic framework and are not overseen by international bodies such as the FCA or CySEC. Clients outside China may face restrictions or additional requirements.

The broker offers a comprehensive range of futures products across multiple asset classes. Commodity futures include agricultural products (soybeans, corn), metals (copper, aluminum, iron ore), and energy (crude oil, natural gas). Financial futures cover equity index products (CSI 300, SSE 50) and treasury bond futures. Options on certain futures are also available.

Traders can access these instruments through the exchange memberships held by the company. The product lineup is typical for a Chinese futures broker and is geared towards hedging, speculation, and portfolio diversification.

YONGSHANG FUTURES supports two main account types: individual accounts and corporate accounts. Individual accounts require Chinese citizenship and domestic bank accounts, while corporate accounts require commercial registration documents. The broker does not appear to offer international accounts or support foreign residents.

The account opening process is outlined on the website, with documents required to be submitted in person or via authorized agents. The broker is best suited for Chinese residents with experience in futures trading, as the platforms and documentation are in Mandarin.

Funding is conducted via bank transfer using designated settlement accounts at Industrial and Commercial Bank of China (ICBC) or Agricultural Bank of China (ABC). Margin deposits must be made in Chinese Yuan (CNY). Withdrawals are processed through the same bank accounts linked to the trading account.

The broker provides a list of margin bank accounts on its website, along with instructions for deposits and withdrawals. No major payment processors or e-wallets are offered, limiting funding options for non-Chinese residents.

Clients can choose between two primary platforms: Hengsheng Online Trading System 5.0 and Tonghuashun Futures PC. The Hengsheng platform is a feature-rich system supporting multiple order types, charting, and risk management tools. It is widely used by Chinese futures traders and supports IPV6 connectivity.

The Tonghuashun platform offers integrated market data and news, developed in collaboration with a leading Chinese financial software provider. Both platforms are available for download from the broker's website, but there is no mention of mobile or web-based trading.

The broker operates a customer service center reachable by phone during business hours. It also maintains an investor education section with articles on trading basics, risk management, and regulatory compliance. Resources include downloadable forms, risk disclosure documents, and a 'Futures Classroom'.

Educational content appears to be primarily in Chinese and tailored to domestic clients. The broker encourages responsible trading and provides anti-money laundering and fraud prevention information.