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Zhongjin Group

China
2025-01-24
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Rating Index
Legal Environment
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Investor Protection
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Industry Classification
D
Unqualified
Trading Platforms
Zhongjin Wealth App, third-party terminals

Basic Information

  • Registered Region
    China
  • Operation Status
    Suspected of fraud
  • Operating Period
    2025-01-24
  • Deposit Methods

    It supports bank wire transfer, bank transfer, and credit card deposits.

  • Website
  • Market Type
    Foreign Exchange
  • Support Languges
    Chinese
    English
  • Main Business
    Investment banking services: including equity and debt financing, mergers and acquisitions (M&A) advisory, restructuring and capital structure optimization. Asset management: providing customized asset management services for high net worth individuals and institutional investors. Securities brokerage: providing trading and transaction execution services for stocks, bonds and other securities. Wealth management: providing comprehensive wealth management and financial planning services for individuals and families. Investment research: providing in-depth market research reports and investment analysis. Foreign exchange trading: providing trading and risk management services in the foreign exchange market.
  • Business Type
    Brokerage
  • Social Media
  • Contact Details
  • Type of Accounts
    /
  • Trading Platforms
    Zhongjin Wealth App, third-party terminals
  • Withdraw Methods
    Supports bank wire transfer/bank transfer withdrawals.
  • Auto Trading
    /

Pros and Cons

AdvantagesDisadvantages

1. Licensed in multiple locations, compliant and stable;

2. High fund security and transparent regulation;

3. Leading research capabilities and service levels;

4. Self-developed platform with comprehensive functions.

1. Non-retail forex positioning, high account opening threshold;

2. Leverage, spreads, and other retail trading parameters are not disclosed;

3. License and account opening security must be verified through official channels.

Company Background

Established in 1995, China International Capital Corporation (CICC) is China's first Sino-foreign joint venture investment bank, deeply involved in the development of China's capital market and the domestic and overseas financing of large enterprises. Headquartered in Beijing, CICC has offices in major financial centers such as Hong Kong, New York, Singapore, London, Frankfurt, Tokyo, and Dubai, possessing cross-border business capabilities.

In brokerage and trading, CICC provides eligible clients with spot, forward, and currency swap trading through its "CICC International Forex Electronic Trading Platform (CICC FX)," with quotes synchronized with the market and the ability to set limit orders, stop-loss orders, take-profit orders, and customized interfaces. In addition, there is the "CICC Fixed Income" web and app platform, integrating research, sales, trading, and investment banking information for clients, representing a typical institutional trading service model.

The group also includes an asset management subsidiary (CICC Hong Kong Asset Management) holding Type 1/4/9 licenses in Hong Kong, indicating a complete compliance framework in asset management, securities trading, and OTC derivatives.

Fund Security

1. Client Fund Segregation: Client funds are held in escrow in a separate account at a regulated bank.

2. Regular regulatory reporting ensures high transparency.

3. The company has strong capital strength, with net capital ranking among the top in the industry.

4. Users should open accounts through official channels to avoid risks associated with unauthorized third parties.

Account Opening

ItemDescription
Account Opening ProcessSubmit identity and financial documents → KYC Audit → Sign Agreement → Bank Deposit → Activate Trading Platform
Account TypesInstitutional Account, High-Net-Worth Individual Account, Professional Investor Account
Minimum DepositNot disclosed, usually with high requirements
Leverage RangeSet according to client level and product type, not disclosed
Deposit ChannelsBank Transfer / Compliant Clearing Account
Trading PlatformSelf-developed CICC FX System and CICC Fixed Income Platform, MT4/MT5 not publicly supported

Trading Fees

CICC's fee structure differs from traditional retail forex brokers.

As an institutional investment bank regulated by the Hong Kong SFC, its fee structure is closer to a professional client pricing model: transparent yet personalized fees—different clients (institutions, high-net-worth individuals, corporate clients) may have different fees based on trading volume, account size, product type, and cooperation agreement.

The following is a comprehensive fee overview compiled based on CICC announcements and industry standards:

Fee ItemTypeFXKnows Description and Analysis
SpreadsFloating SpreadsNon-retail pricing, determined by market liquidity, trading volume, and client tier. Quotes usually closely follow interbank market prices (Interbank Level), with no fixed public spreads.
CommissionsCharged by Trading Volume or Notional AmountFor institutional and high-net-worth accounts, CICC adopts a two-way pricing + fixed transaction fee structure. It is usually a few basis points (bps) of the transaction notional amount, inversely proportional to the trading volume.
Overnight SwapAutomatically Settled Based on Currency Interest Rate DifferencesApplicable to currency transactions held overnight; the system automatically adjusts based on the interest rate difference between the two currencies, usually recorded transparently in transaction reports.
Account Maintenance FeeIndividual Client Agreement-BasedHigh-net-worth accounts are usually exempt from this fee; some small or low-frequency accounts may be charged an annual or quarterly maintenance fee.
Currency Conversion FeeDepends on Traded Currency PairsWhen transferring funds across currencies, it is executed at the market exchange rate + relatively low spreads. No additional hidden fees.
Deposit FeesMainly Bank Telegraphic TransferCICC does not charge additional deposit fees, but bank transfers or cross-border telegraphic transfers may incur bank-side handling fees.
Withdrawal FeesStandard Bank FeesUsually the same as deposit; the platform does not charge extra; banks will charge a fixed transfer fee for cross-border settlements.
Inactivity FeeNot Applicable or Individual Agreement-BasedNon-retail platforms usually do not set such fees; if there is no transaction for a long time, the account may be frozen or transferred to dormant status.
Other ChargesCustomized FeesSpecial derivative products or block trades may be charged execution fees or liquidity compensation fees separately as per agreement.

Trading Instruments

1. Foreign Exchange/Currency Trading: Including spot, forward, and currency swaps.

2. Fixed Income Products: Corporate bonds, credit bonds, interest rate derivatives, etc.

3. Stock/Securities Trading: A-shares, B-shares, H-shares, and international stock trading services.

4. Wealth Management and Asset Allocation Services: Providing cross-border asset allocation and mixed asset portfolios for high-net-worth clients.

From FXknows' perspective, for users: If you are interested in products like "leveraged forex + CFDs + quick account opening," CICC's product structure may not be as good as typical well-known retail brokers; however, if you are an institutional or high-net-worth client looking for "cross-border asset allocation + currency swaps + fixed income," it is more suitable.

Trading Technology

CICC has its own independently developed forex and fixed income trading platforms (CICC FX and CICC Fixed Income App/Web).

The platforms support limit orders, stop-loss orders, take-profit orders, quote stream monitoring, and multi-asset trading. Deep integration of data and research functions facilitates trade execution and risk control for institutional clients.

Research and Education

CICC's research team excels in macroeconomics, industry analysis, and asset allocation, regularly publishing strategy reports, market commentary, and special research reports. Compared to introductory courses offered by retail brokers, CICC's research services are more geared towards institutional and professional clients.

Customer Support

CICC offers telephone and email support in Chinese, English, and Traditional Chinese.

Main contact methods: Telephone +86 (10) 6505 1166; Email info@cicc.com.cn.

Customer support primarily serves institutional clients, and service hours are typically during weekday office hours.

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