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How to identify illegal gold futures and avoid being cheated?
Legal futures trading places shall be approved by the China Securities Regulatory Commission and subject to its supervision and management. At present, there are only five, five and four legal futures exchanges in China, namely: Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange, Shanghai International Energy Exchange Center (crude oil futures) and China Financial Futures Exchange.

Legal futures exchange:

The Shanghai Futures Exchange (referred to as the last issue), which was formed by the merger of Shanghai Metal Exchange, Shanghai Grain and Oil Commodity Exchange and Shanghai Commodity Exchange, was officially put into operation on February 1999.

The last issue of official website.

Dalian Commodity Exchange (hereinafter referred to as Dashang Exchange) was established in February 1993.

Dashangsuo official website

Zhengzhou Commodity Exchange (hereinafter referred to as Zhengshang Institute) was developed on the basis of Zhengzhou grain wholesale market and was established in June of 1999 10.

Zhengshangsuo official website

China Financial Futures Exchange (hereinafter referred to as CICC) was established in Shanghai in September 2006, initiated by Shanghai Stock Exchange, Zhengzhou Stock Exchange, Dashang Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange.

CICC official website

Shanghai International Energy Trading Center

Legal futures companies:

According to the regulations, to carry out futures business, it needs to be approved by the China Securities Regulatory Commission and obtain corresponding business qualifications, otherwise it is an illegal institution. Investors can check the information of legal futures institutions and their employees through the websites of China Securities Regulatory Commission and China Futures Association, or check the information of relevant institutions and personnel with the local securities regulatory bureau.

When an investor opens an account, how can he check whether his account opening company is formal and legal? You can enter the China Futures Association official website-Qualification Management-Qualification Publicity-and enter the name of the futures company. If the inquired futures company does not exist, it means that it is illegal, and investors must invest carefully!

It should be emphasized that only futures trading through futures trading institutions approved by China Securities Regulatory Commission and futures trading places approved by China Securities Regulatory Commission is legal futures trading. Illegal futures trading is not protected by national laws. Investors should have a clear understanding of this before entering the market.