What platforms can be recommended for trading in the Chinese stock market in 2021-2022 – we are considering the popular Chinese exchange platforms for trading and investments. Finding the best application or platform for trading on the Chinese stock market is a rather difficult process, due to the mass of restrictions for foreigners on trading in this country as a whole. 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 a description, advantages and disadvantages of the most popular trading applications and platforms in China. After reviewing this information, each trader will be able to choose the most suitable option for himself.
Best Chinese exchange platforms for trading and investing in China
Thanks to the painstaking 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 is a popular application with a good reputation. User training is free. 24/7 customer support. The choice of platforms is quite large – MT4, MT5 and cTrader. The amount of commission differs depending on the type of account and the platform chosen. The strengths of the IC Markets platform include:
- fast order execution;
- low minimum deposit and competitive prices;
- spreads from 0 pips;
- good service for traders’ algorithms;
- available educational resources.
You won’t have to pay to use 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. The long waiting period for the withdrawal of funds to the account is the main drawback of the application. In some cases, this can 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 is a platform with limited trading instruments. The company offers its users educational resources, signals and market analysis. Olymp Trade provides all clients with only its proprietary platform for trading activities. The program is a web-based platform, therefore, no download or installation is required. 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 without its drawbacks, among which I would like to highlight:
- lack of support for trading automation using trading software or robots;
- lack of social trade;
- limited trading instruments;
- lack of a MetaTrader platform.
Customer support is available 24/7. You can reach them by phone, email and instant web chat.
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 account types, each with their own characteristics, to suit the needs of different levels of traders. The minimum deposit is $ 100. Strengths of OctaFX:
- providing protection against negative balance;
- no commission for depositing and withdrawing funds;
- timely solution of issues by the support service;
- the ability to copy trade.
The disadvantages of the application are:
- lack of a banking license;
- limited opportunities for trading instruments;
- lengthy process of withdrawing funds.
The broker supports trading platforms such as MetaTrader and cTrader, which are available online, on mobile devices and on PCs.
The company offers low spreads and prices, as well as a large selection of market instruments and trading platforms. Studying this program, it becomes clear that traders with different levels of experience and preferences can achieve a positive experience with a broker.
Note! OctaFX provides a good set of tutorials, including video tutorials, tutorials, FAQs, and a glossary.
HotForex is an app with a good reputation and rules, perfect for trading in China. The platform is easy to use for both beginners and more experienced traders in the stock exchange. The commissions are quite low. The company provides users with training materials. Before moving on to buying / selling shares, you should start trading on a demo account. When choosing an account type, you need to consider a trading strategy. To withdraw funds, you need to log into your myHF account and open an account.
Step-by-step process of opening an account
- First of all, users log into their myHF page and personal account.
- Next, select the category “Withdrawals”.
- Then they 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, press the “Send” command and wait for the verification of the account opening process.
Strengths of HotForex:
- accessible interface;
- the possibility of automatic trading;
- timely solution 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 be a little frustrating. Best Places to Start Trading – Review of Popular Trading Platforms: https://youtu.be/u5767iaZwR4
What applications / platforms are suitable for Android and iPhone
Quite often, traders are interested in the question – is it possible to download platforms not only to PCs, but also to smartphones. Undoubtedly, the developers have tried their best to make the use of applications convenient for every user. The most reliable and fairly popular platforms that can be downloaded to Android include:
- IC Markets;
- Olymp Trade;
On iPhone you can install:
- IC Markets;
- Olymp Trade.
There is undoubtedly 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 cause a loss of money. To avoid mistakes, it is worth studying the rating of the most reliable applications, working with which will not only avoid financial losses, but also get good income.