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Score

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The WikiFX Score of this broker is reduced because of too many complaints!

chcf

Hong Kong|15-20 years|
Dealing in futures contracts|Suspicious Scope of Business|Medium potential risk|

http://www.chcf.com.hk/eng/index_3.html

Website

Rating Index

Contact

+852 3768 9988
info@chsec.com.hk
http://www.chcf.com.hk/eng/index_3.html
香港中环德辅道中24号创兴银行中心二楼
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+852 3768 9988

Other ways of contact

Broker Information

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Company Name

Chong Hing Commodities & Futures Limited

Abbreviation

chcf

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2024-11-23
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

chcf · WikiFX Survey
A Visit to chcf in Hong Kong – Office Found
Hong Kong

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chcf · Company Summary

ChcfReview Summary
Founded2001
Registered Country/RegionHong Kong
RegulationSFC
Market InstrumentsFutures, Options
Demo Account/
Trading PlatformSPTrader
Min Deposit/
Customer SupportPhone: +852 3768 9988
Email: info@chsec.com.hk
Company Address: 2/F, Chong Hing Bank Center, 24 Des Voeux Road Central, Hong Kong

Chong Hing Commodities & Futures Limited (CHCF), a wholly-owned subsidiary of Chong Hing Bank, is a Hong Kong-based financial establishment concentrated on services in the financial sector. Its principal offerings include Futures and Options Contracts. With a sharp focus on maintaining credibility, CHCF operates under the regulation of the Securities and Futures Commission of Hong Kong (SFC), bearing the licence number AAJ506.

Chcf Review Summary

Pros & Cons

ProsCons
Regulated by SFCComplex fee structure
Proprietary trading platformMargin required for each contract

Is Chcf Legit?

CHCF operates under the regulatory supervision of SFC (Securities and Futures Commission of Hong Kong) with license no. AAJ506. This regulatory compliance indicates that their offerings align with the stipulated legal and ethical norms.

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberRegulatory Status
HK
Securities and Futures Commission of Hong Kong (SFC)Chong Hing Commodities And Futures LimitedDealing in futures contractsAAJ506Regulated
Is Chcf Legit?

What Can I Trade on Chcf?

Trading AssetAvailable
futures
options
forex
commodities
indices
stocks
cryptocurrencies

Fees

CHCF charges varied fees based on contract type and transaction mode.

Fees include commission, Commission Levy, and Exchange Fee. Margin requirements apply to both Futures and Options Contracts and can change based on HKFE adjustments.

Futures Contract

Transactions TypeHSIMHIHHIMCHHTICHH
By PhoneCommission Charge (HK$)110.00 / 70.00*30.00 / 20.00*120.00 / 80.00*30.00 / 20.00*110.00 / 70.00*120.00 / 80.00*
Commission Levy (HK$)0.540.100.54
Exchange Fee (HK$)10.003.502.503.502.50
Total Trading Fee (HK$)120.54 / 80.5433.60 / 23.60124.04 / 84.0432.10 / 22.10115.54 / 75.54130.54 / 90.54
Via InternetCommission Charge (HK$)100.00 / 60.00*25.00 / 15.00*110.00 / 70.00*25.00 / 15.00*110.00 / 70.00*120.00 / 80.00*
Commission Levy (HK$)0.54
Exchange Fee (HK$)10.003.502.503.502.50
Total Trading Fee (HK$)110.54 / 74.0428.60 / 18.60114.04 / 74.0427.10 / 17.10105.54 / 65.54120.54 / 80.54

Options Contract

Transactions TypeHSIOMHIOHHIOMCHOHTIO
By PhoneCommission Charge (HK$)150.0060.00150.0060.00150.00
Commission Levy (HK$)0.540.100.54
Exchange Fee (HK$) +10.002.003.501.002.50
Total Trading Fee (HK$)160.5462.10154.0461.54155.54
Via InternetOptions Contract100.0030.00100.00
Commission Charge (HK$)0.540.100.54
Commission Levy (HK$)2.002.003.501.000.54
Total Trading Fee (HK$)110.5432.10104.0431.54105.54

If you would like to get more information, you can visit https://www.chcf.com.hk/eng/A06_service_charge_and_margin.pdffor details or contact with the company for direct clarification.

Trading Platform

In the past, CHCF utilized the i-Future trading platform for its trading operations. However, in a shift towards upgrading its technological interface, the financial organization transitioned to the SPTrader System from March 26, 2018.

The SPTrader System, compatible with Windows operating systems version 7 and higher, enables CHCF to adapt to modern technological trends and provide a more streamlined, user-friendly trading experience to its customers.

Trading PlatformSupported Available Devices Suitable for
SPTrader/Experienced traders
MT5Desktop, Mobile, WebExperienced traders
MT4Desktop, Mobile, WebBeginners

Deposit & Withdrawal

On CHCF, payments are made through Chong Hing Bank transfers. Clients need to uphold the margin requirements in their portfolios or follow their specified instructions, as CHCF can exercise rights over the funds in the clients' designated settlement accounts held at Chong Hing Bank before placing any orders. Clients must ensure enough available margin in their designated account for trade of futures contracts.

For withdrawals from futures accounts, clients should notify the Sales Department staff at CHCF and personally visit the head office or branches to fill the 'Client Fund Withdrawal Request Form'. Typically, fund withdrawal requests are processed on the next working day.

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