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Pushpender Sharma
Within 1 year

Can I trust CHINA DRAGON as a reliable and secure broker for my trading needs?

Broker Issues
CHINA DRAGON
Regulation
08-23
United States
WikiFX
Reply

In my experience as a trader assessing new brokers, CHINA DRAGON presents a mixed but generally stable profile for anyone considering it as a platform. The most important point for me is its clear regulatory status—CHINA DRAGON is officially licensed under the China Financial Futures Exchange (CFFEX), holding a valid futures license. This indicates that the company operates under Chinese regulatory oversight, which, while not as internationally recognized as some Western regulators, still provides a significant level of structure and accountability. For me, that regulatory legitimacy helps tilt the scales toward trust, especially in a sector where unlicensed entities are common. However, my personal comfort with any broker also depends on the scope of trading products and the transparency in how the business operates. CHINA DRAGON stands out for its self-developed suites of trading software and offers demo accounts, which I see as a practical way to evaluate their platforms and order execution before risking capital. The range of trading platforms available is extensive, and the broker supports both desktop and mobile devices, which is convenient for my trading style. On the other hand, there are areas where I tread cautiously. CHINA DRAGON’s product offering is limited exclusively to futures, with no forex, stocks, or commodities. This could be restrictive for traders like me who favor diversification. Additionally, payment methods are quite restricted to bank wire transfers and fees around margins aren’t always clearly detailed upfront. I also note the lack of transparency regarding account types and fee structures, which means extra diligence is required. In summary, for my risk-averse approach, CHINA DRAGON earns a degree of trust due to its regulation and established presence, but I would only consider them if my focus were strictly on futures trading. For those seeking a broader range of instruments or more transparent terms, further research or alternative brokers might be advisable.

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