Score
China
|
5-10 years
| https://www.sywgqh.com.cn/Pc/English/About_us
Website
Rating Index
Influence
C
Influence index NO.1
China 3.09
LicensesLicensed Entity：申银万国期货有限公司
License No. 0131
China
WikiResearch sywgqh.com.cn China| SHENYIN & WANGUO Review Summary | |
| Founded | 2007 |
| Registered Country/Region | China |
| Regulation | CFFEX |
| Market Instruments | Commodity Futures, Financial Index Futures, Bond Futures, Commodity Options, Financial Index Options, ETF Options, Spot ETFs |
| Demo Account | ✅ |
| Trading Platform | Shenwan Futures APP, Boyi Cloud, Fast Trading Terminal v2, Shenyin Wanguo Futures Unlimited Easy |
| Minimum Deposit | / |
| Customer Support | Tel: 021-5058-8811 |
| Fax: 021-5058-8822 | |
ShenYin & WanGuo, formed in 2007, is a Chinese futures broker with license No. 0131 from the China Financial Futures Exchange. It provides a wide range of futures, options, and spot market services, as well as advanced platforms for retail and institutional traders.
| Pros | Cons |
| Regulated by CFFEX | Primarily focused on the Chinese domestic market |
| Wide range of tradable instruments | Complex fee structure |
| Multiple professional trading platforms |
Yes, SHENYIN & WANGUO is regulated. It is the holder of a Futures License from the China Financial Futures Exchange (CFFEX), license number 0131. This demonstrates that the corporation is subject to formal regulatory control in China for futures-related operations.
ShenYin & WanGuo offers a lot of different trading products, like futures, options, and spot contracts, on a lot of Chinese exchanges. Clients can trade commodities, financial indices, metals, energy, agricultural products, and ETFs.
| Tradable Instruments | Supported |
| Commodity Futures | ✔ |
| Financial Index Futures | ✔ |
| Bond Futures | ✔ |
| Commodity Options | ✔ |
| Financial Index Options | ✔ |
| ETF Options (Shanghai/Shenzhen) | ✔ |
| Spot ETFs | ✔ |
| Forex | × |
| Stocks | × |
| Cryptocurrencies | × |
Overall, SHENYIN & WANGUO's fees are deemed moderate when compared to industry standards. Transaction costs vary per product and exchange, although they generally follow the standard prices established by Chinese futures markets. However, some instruments have special offers, such as waived closure fees, which may reduce costs for active traders.
| Fee Type | Typical Charge Example |
| Transaction Fee (Futures) | 0.25% – 1.15% of transaction amount OR fixed ¥5–¥100/lot |
| Delivery Fee (Futures) | ¥2 – ¥200 per lot |
| Transaction Fee (Options) | ¥1 – ¥75 per lot |
| Execution/Performance Fee (Options) | ¥2.5 – ¥750 per lot |
| ETF Options Fee | ¥8 per lot (buy/sell open/close), ¥10 execution fee |
| ETF Spot Fee | 0.003045 of transaction amount |
| Trading Platform | Supported | Available Devices |
| Shenwan Futures APP | ✔ | iOS, Android |
| Boyi Cloud | ✔ | Windows |
| Fast Trading Terminal v2 | ✔ | Windows |
| Shenyin Wanguo Futures Unlimited Easy | ✔ | Windows |
A major downside is that ShenYin & WanGuo’s services are predominantly focused on the Chinese domestic market. This restricts access for international traders who may be looking to trade global futures or foreign exchange markets. Additionally, while the broker offers various instruments, the complexity of the fee structure can be a challenge for traders, especially for those who are not familiar with Chinese futures trading. From my experience, these limitations make it less appealing for traders looking for a broader international market or simple fee structures.
ShenYin & WanGuo offers a wide range of tradable instruments, primarily focused on the Chinese market. You can trade commodity futures, financial index futures, bond futures, commodity options, financial index options, and ETF options on the Shanghai and Shenzhen exchanges. The broker also offers spot ETFs, allowing traders to access a variety of asset classes. From my perspective, these instruments are ideal for anyone looking to engage in futures or options trading within the Chinese market, though they don’t offer forex or cryptocurrency trading.
To log into your ShenYin & WanGuo account, you can use the Shenwan Futures APP on mobile devices or Boyi Cloud for Windows. Both platforms provide easy access to your trading account with secure login options. I find that the login process is smooth and straightforward, whether you're using a desktop or mobile device. If you encounter any issues, their customer support team is available to assist you.
ShenYin & WanGuo's fee structure varies depending on the product being traded. For futures transactions, the fee is typically between 0.25% to 1.15% of the transaction amount, or a fixed ¥5–¥100 per lot. For options, the fees range from ¥1 to ¥75 per lot, with additional execution fees for more complex trades. There are also special offers for certain products, such as waived closure fees, which may help active traders save on costs. Overall, the fees are moderate compared to industry standards, but they can become more expensive if you are trading frequently or larger volumes.
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