Overview of BOHAI FUTURES
Bohai Futures, founded in 2004, is a prominent futures brokerage firm based in China, playing a significant role in the country's financial markets. As a regulated entity under the China Financial Futures Exchange, the firm operates with a commitment to adhere to the strict regulatory standards set forth by Chinese financial authorities. Bohai Futures specializes in a range of financial services, including futures trading and asset management, and is particularly known for its “Bohai Futures - Guorong 1 Collective Asset Management Plan,” which caters to a diversified investment approach in the futures market.
The company's operations are geared towards providing clients with robust and reliable platforms for trading and investment. Bohai Futures also emphasizes client education, offering an array of resources through its Information Center. This focus on education is complemented by a suite of support services, including a dedicated customer service hotline and various banking options for streamlined deposit and withdrawal processes. Bohai Futures' approach to client service, regulatory compliance, and market presence underscores its position as a key player in China's financial futures industry.
Is BOHAI FUTURES Legit？
BOHAI FUTURES is regulated by the China Financial Futures Exchange and operates under regulatory oversight in China. The current status of BOHAI FUTURES is regulated, and it holds a Futures License. The regulatory framework is established by the financial authorities in China, ensuring compliance with rules and regulations governing financial futures trading. The license number for BOHAI FUTURES is 0126, indicating its authorization to engage in futures trading activities.
Pros and Cons
Bohai Futures stands out in the Chinese financial market for its comprehensive range of futures trading and asset management services, bolstered by robust regulatory compliance under the China Financial Futures Exchange. The firm's dedication to client education and support through various channels, including its Information Center and customer service hotlines, significantly enhances the trading experience for its clients. However, these advantages are counterbalanced by potential limitations in accessibility for international clients and a lack of transparency in certain operational aspects like fee structures.
Products and Services
BOHAI FUTURES offers a range of products and services in the financial industry, with a notable example being their asset management products. One such product is the “渤海期货-国融1号集合资产管理计划” (Bohai Futures - Guorong 1 Collective Asset Management Plan). This is categorized as a futures asset management product with a one-to-many structure. The management of this product is overseen by BOHAI FUTURES (Bohai Futures Co., Ltd.), one of the key players in the Chinese financial futures market. The establishment date of this specific asset management plan is noted as September 14, 2018.
The product, as part of the asset management portfolio, is likely designed to provide investors with exposure to a diversified set of assets within the futures market. Investors participating in such plans may benefit from professional management, risk diversification, and potential returns based on the performance of the underlying assets. These types of financial products are subject to regulatory oversight and are structured to align with the risk tolerance and investment objectives of the clients.
How to Open an Account？
To open an account on BOHAI FUTURES, you can follow a step-by-step process outlined by the platform:
1. Visit the Website and Navigate to “Online Account Opening”:
Start by visiting the BOHAI FUTURES website. Look for the section labeled “Online Account Opening” on the homepage.
2. Preparation Before Account Opening:
Before initiating the account opening process, ensure that you have the necessary documents and equipment ready, including your mobile phone, ID card, bank card, webcam, speaker, microphone, and pen and paper for note-taking.
3. Register Your Account:
Begin the registration process by providing the required information. This may include personal details, contact information, and other relevant data. Follow the instructions on the registration page to create your account.
4. Setting Up Identity Information:
Provide and verify your identity information as part of the account setup. This step ensures compliance with regulatory requirements and helps establish a secure and verified account.
5. Settlement Account Configuration:
Configure your settlement account details. This involves linking your bank account to your BOHAI FUTURES trading account, allowing for seamless fund transfers and settlements.
6. Suitability Assessment:
Complete an appropriateness or suitability assessment to evaluate your risk tolerance, investment knowledge, and financial situation. This step ensures that the investment products offered are suitable for your profile.
7. Exchange Selection:
Choose the relevant exchanges for your trading activities. Depending on the markets you wish to access, select the appropriate exchanges offered by BOHAI FUTURES.
8. Video Witnessing:
Undergo a video witnessing process, which may involve a live video call or recording to verify your identity and ensure the authenticity of the account opening process.
9. Agreement Signing:
Sign relevant agreements and documents electronically or as per the provided instructions. This step formalizes your commitment to adhere to the terms and conditions set by BOHAI FUTURES.
10. Completion and Follow-Up:
After completing the necessary steps, review the provided information and submit your application. The platform may conduct a follow-up survey or questionnaire for additional insights.
Upon successful submission, your account opening application will undergo processing, and you will be notified of the status. It's crucial to carefully follow each step and provide accurate information to facilitate a smooth account opening process on BOHAI FUTURES.
Deposit & Withdraw Methods
BOHAI FUTURES supports a variety of banks for handling bank-to-futures transfers, facilitating convenient deposit and withdrawal methods for its clients. The platform provides bank codes corresponding to different banks for seamless transactions. Here is a list of supported banks and their respective bank codes for bank-to-futures transfers:
1. China Construction Bank
- Bank Code: 098202
2. Industrial and Commercial Bank of China
- Bank Code: 10080005
3. Bank of Communications
- Bank Code: 000010
4. Bank of China
- Bank Code: 00000008
5. China Merchants Bank
- Bank Code: 660070
6. Industrial Bank
- Bank Code: 010005
7. Agricultural Bank of China
- Bank Code: 00080000
8. Minsheng Bank
- Bank Code: Not specified
9. Evergrowing Bank
- Bank Code: Not specified
10. CITIC Bank
- Bank Code: Not specified
11. SPDB
- Bank Code: Not specified
12. Ping An Bank
- Bank Code: Not specified
13. CGB
- Bank Code: Not specified
Clients can use these bank codes when conducting bank-to-futures transfers, ensuring accurate and efficient processing of deposits and withdrawals on the BOHAI FUTURES platform. It's recommended to verify the latest information and specific procedures with BOHAI FUTURES or through their official documentation to ensure compliance with the platform's policies and any potential updates to the supported banks.
Customer Support
BOHAI FUTURES provides customer support through dedicated contact channels to address the inquiries and needs of its clients. Clients can reach the customer support team by calling the service hotline at 400-770-0686. This general service hotline is available during regular business hours and serves as the primary point of contact for clients seeking assistance with account-related matters, trading inquiries, or other concerns.
In addition to the general service hotline, BOHAI FUTURES offers a specialized night trading hotline. Clients can reach the night trading support team by calling 021-61257868. This dedicated line is likely designed to cater specifically to clients engaged in night trading activities, providing assistance during extended trading hours.
Educational Resources
BOHAI FUTURES provides a range of educational resources and information through its “Information Center” to support traders and investors in making informed decisions in the futures market. The Information Center is organized into different sections, including:
1. Comprehensive Information:
- This section likely covers a broad spectrum of market-related news and updates, offering a comprehensive overview of various financial instruments. Traders can access real-time information, helping them stay informed about market trends and developments.
2. Agricultural Products Information:
- BOHAI FUTURES provides specific information on agricultural products, offering insights into this sector of the futures market. This may include data on commodities like grains, livestock, and other agricultural derivatives.
3. Metal Information:
- Traders interested in metals markets can find dedicated information on various metal commodities. This section may cover price movements, market analysis, and other relevant data impacting metal futures.
4. Energy and Chemical Information:
- The Energy and Chemical Information section likely focuses on providing updates and analysis related to energy commodities and chemical products traded in the futures market. This information is valuable for those involved in trading energy and chemical derivatives.
In addition to comprehensive information, BOHAI FUTURES offers educational resources in the form of analysis reports. These reports include both regular market reports and strategic reports, providing in-depth analysis and insights into market trends, potential opportunities, and risks. Traders can use these reports to enhance their understanding of market dynamics and refine their trading strategies.
Furthermore, BOHAI FUTURES provides practical trading tips through the “Trading Tips” section. This includes morning trading tips and spot quotations, offering timely guidance to traders as they navigate the futures market.
Overall, BOHAI FUTURES aims to empower its clients with relevant information and analysis to support their trading decisions. Traders can access a variety of resources within the Information Center, making it a valuable hub for staying updated on market conditions and enhancing their trading knowledge.
Conclusion
Bohai Futures offers a robust platform for futures trading and asset management, backed by a strong regulatory framework. While providing comprehensive customer support and educational resources, the firm's focus on the Chinese market may limit its accessibility for international clients. Its commitment to client education and diverse trading options positions it as a notable player in the futures market.
FAQs
Q: Is Bohai Futures a regulated entity？
A: Yes, it's regulated by the China Financial Futures Exchange.
Q: What types of services does Bohai Futures offer？
A: Bohai Futures specializes in futures trading and asset management.
Q: How can clients deposit and withdraw funds with Bohai Futures？
A: The company supports various banks for transactions, each with specific codes for efficient processing.
Q: What educational resources does Bohai Futures provide？
A: The firm offers an Information Center with comprehensive market news, analysis, and trading tips.
Q: How can clients contact Bohai Futures for support？
A: Through their service hotline 400-770-0686 and a specialized hotline 021-61257868 for night trading.
