Zhongzhou Futures

Zhongzhou Futures (中州期货) is a Chinese futures brokerage firm headquartered in Nansha, Guangzhou, with its registered address in Shanghai. It was originally established in 1995 and is a state-controlled enterprise under Debang Securities. The company is licensed by the China Securities Regulatory Commission (CSRC) and holds membership in all major Chinese futures exchanges, including the China Financial Futures Exchange (CFFEX), which is listed as its regulator in our records. FXCanary’s known facts indicate a founding year of 2019, but the official website states 1995, suggesting a possible corporate restructuring or registration change in 2019.

The broker’s business scope includes commodity futures brokerage, financial futures brokerage, futures trading advisory, and fund sales. It serves both domestic institutional and individual investors across China, with a network of 10 branches and several business offices. The company emphasizes its role in serving the real economy and has developed a digital research platform called Longquan (龙泉) that won a financial technology award in 2023.

Zhongzhou Futures is regulated by the China Financial Futures Exchange (CFFEX) under a Derivatives Trading License, with a status of ‘Regulated’ according to our records. The broker is also a member of other exchanges, which function as self-regulatory organizations under CSRC oversight. The company claims to be approved by the CSRC and operates under Chinese futures law.

For traders outside China, it is important to note that Chinese futures regulation is primarily domestic, and the broker does not appear to hold any international licenses. Our risk score of 34/100 (Guarded) reflects the limited transparency and geographical restrictions of this entity.

The broker offers trading in commodity futures (e.g., agricultural products, energy, metals), financial futures (stock index futures, government bond futures), and options. It does not offer retail forex or CFD products typical of international brokers. Traders access the markets through platforms provided by the broker, including BoYiDaShi, YingShun (WH6), and Infinite Easy.

These platforms are Chinese-language, domestic-focused systems standard in the Chinese futures industry. The broker’s website provides support for both Windows and mobile apps, and emphasizes compatibility with Chinese banks for fund transfers. International traders may find the platforms less familiar and without English language support.

Zhongzhou Futures offers individual and corporate accounts, with the standard requirement of a minimum age of 18 and valid Chinese identification documents. The account opening process can be done online through the company’s mobile app. There is no mention of specific account tiers (e.g., standard, premium) on the website; rather, the broker appears to offer a single type of futures trading account with access to all listed products.

Funding is handled through Chinese bank accounts via the bank-futures fund transfer system (银期转账). The broker requires clients to maintain a minimum balance of 100 RMB in their futures account. Withdrawal procedures include limit restrictions and manual approval for large sums, as detailed in the company's policies.

Zhongzhou Futures is primarily suited for Chinese residents and institutions looking to trade domestic futures and options markets. The broker’s services and platforms are designed for the Chinese regulatory environment and language. It is not a suitable choice for international traders seeking retail forex, CFD, or multi-currency accounts.

The company’s focus on serving the real economy and its digital transformation indicates a commitment to domestic clients. Traders outside China would face legal and practical barriers to opening accounts, as well as language limitations. Additionally, the lack of international regulation means that non-resident traders would have limited recourse in case of disputes.