What platforms can be recommended in 2021-2022 for trading on the Chinese stock market – we are considering popular Chinese exchange platforms for trading and investment. Finding the best app or platform for trading in the Chinese stock market is quite a difficult process due to the many restrictions for foreigners to trade in this country in general. It is also important to choose the most reliable platform with convenient functionality, on which stock traders can trade stocks on an iOS or Android device. Below you can find the description, advantages and disadvantages of the most popular applications and platforms for trading in China. After reviewing this information, each trader will be able to choose the most suitable option for himself.
The best Chinese exchange platforms for trading and investing in China
Thanks to the hard work of the developers, today there are several reliable platforms that can be used to trade stocks/bonds in China. The platforms listed below will delight you with their reliability and user-friendly interface.
IC Markets
IC Markets is a popular app with a good reputation. User training is free. Customer support around the clock. The choice of platforms is quite large – MT4, MT5 and cTrader. The fee varies depending on the type of account and the chosen platform. The strengths of the IC Markets platform include:
- fast execution of orders;
- low minimum deposit and competitive prices;
- spreads from 0 pips;
- good service for algorithm traders;
- available educational resources.
There is no charge for using a demo account. Thanks to this, beginners will be able to appreciate the advantages of this platform and only after that move on to trading. A long period of waiting for the withdrawal of funds to the account is the main drawback of the application. In some cases, this may take up to 2 weeks. It is also worth remembering that when withdrawing earned funds to an international account, the commission and waiting time may be higher.
Note! The minimum deposit is $200.
Olymp Trade
Olymp Trade is a platform with limited trading tools. The company offers its users educational resources, signals and market analysis. Olymp Trade provides all clients with only its proprietary trading platform. The program is a web-based platform, so it does not require downloading and installation. The strengths of the application include:
- provision of training materials and video webinars;
- own trading platform;
- multilingual support service working around the clock;
- the minimum deposit is $10.
The platform is not devoid of disadvantages, among which I would like to highlight:
- lack of support for trading automation using trading software or robots;
- lack of social trading;
- limited trading instruments;
- no MetaTrader platform.
Customer support is available 24/7. You can contact them by phone, email and instant web chat.
OctaFX
OctaFX is a popular application among traders. Using this platform, users will be able to trade not only stocks, but also commodities/indices/metals. OctaFX offers three different types of accounts, each with its own characteristics, to meet the needs of traders of different levels. The minimum deposit is $100. Strengths of OctaFX:
- providing protection against negative balance;
- no commission for depositing and withdrawing funds;
- timely resolution of issues by the support service;
- the possibility of copy trading.
The disadvantages of the application are:
- lack of a banking license;
- limited opportunities for trading instruments;
- long withdrawal process.
The broker supports trading platforms such as MetaTrader and cTrader which are available on the web, on mobile devices and on PC.
Note! OctaFX provides a good set of learning materials, including video tutorials, manuals, FAQs, and a glossary.
hotforex
HotForex is an app with a good reputation and rules, ideal for trading in China. The platform is easy to use, both for beginners and for more experienced traders on the stock exchange. Commissions are quite low. The company provides users with educational materials. Before moving on to buying / selling shares, it is worth trading on a demo account. When choosing an account type, it is necessary to take into account the trading strategy. To withdraw funds, you must log in to your myHF account and open an account.
- First of all, users log in to their myHF page and to their personal account.
- Next, select the “Withdrawals” category.
- Then click on the line with the appropriate output method.
- After specifying the amount to be withdrawn, the required data and processing time are confirmed.
- At the final stage, click the “Submit” command and wait for the verification of the account opening process.
Strengths of HotForex:
- accessible interface;
- the possibility of automatic trading;
- reliability;
- timely resolution of issues by the technical support service;
- trading platforms: MT4, MT5, Android, iOS, Windows and Mac OS.
The minimum deposit amount is only $5, which is good news. Only a small number of available shares can upset you a little. Where is the best place to start trading – an overview of popular trading platforms: https://youtu.be/u5767iaZwR4
What apps/platforms are suitable for Android and iPhone
Quite often, traders are interested in the question – is it possible to download platforms not only on PCs, but also on smartphones. Undoubtedly, the developers have tried their best to make the use of applications convenient for each user. The most reliable and fairly popular platforms that can be downloaded on Android include:
- IC Markets;
- HotForex;
- Olymp Trade;
- OctaFX;
- ExpertOption
On iPhone you can install:
- IC Markets;
- HotForex;
- Olymp Trade.
Undoubtedly, there is no shortage of trading apps in China. However, it is important to be responsible when choosing a platform suitable for trading stocks and bonds. After all, an incorrectly chosen program can lead to loss of funds. To avoid mistakes, it is worth studying the rating of the most reliable applications, working with which will allow you not only to avoid financial losses, but also to get a good income.
