RMB Trading Services
PBOC & SAFE Regulated - Moderate TrustPros
- Licensed and regulated by both PBOC and SAFE, providing strong regulatory oversight in Chinese markets
- Comprehensive RMB trading services including spot, forward, and NDF products with competitive spreads
- Direct access to China Foreign Exchange Trade System (CFETS) for institutional clients
- Advanced liquidity provision through partnerships with major Chinese banks
- Strong capital base with full compliance to Chinese banking regulations
- Extensive experience in RMB internationalization and offshore trading
- Competitive pricing with SHIBOR-based interest rates plus 25 basis points for financing
Cons
- Limited service availability outside mainland China and Hong Kong
- Strict regulatory requirements for account opening and KYC verification
- Trading restrictions and capital controls as per Chinese regulations
- Limited cryptocurrency trading options due to regulatory constraints
- Higher minimum deposit requirements compared to international brokers
Basic Information
User Reviews
Regulation Analysis
RMB Trading Services operates under a comprehensive regulatory framework governed by China’s primary financial regulators. The firm holds licenses from both the People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE), ensuring compliance with China’s strict financial regulations. As a regulated entity, the company must maintain significant capital reserves, submit regular financial reports, and undergo periodic audits by Chinese regulatory authorities. Client funds are required to be segregated in designated accounts with approved Chinese banks, providing an additional layer of security. The broker adheres to all Chinese banking regulations regarding foreign exchange trading, including specific requirements for transaction reporting, risk management, and anti-money laundering procedures. Their regulatory status enables them to offer RMB-related services through both onshore and offshore channels, particularly through the Hong Kong RMB trading hub. The company has maintained a clean regulatory record since its establishment, with no major violations or sanctions reported.
Trading Products
- RMB Spot Trading: Access to USD/CNY, EUR/CNY, JPY/CNY, and other major currency pairs against RMB with competitive spreads based on CFETS rates
- Forward Contracts: RMB deliverable forwards and non-deliverable forwards (NDFs) with various tenors up to 12 months
- RMB Trade Finance: Specialized financing solutions for international trade settlement in RMB
- Money Market Products: Access to RMB deposits, SHIBOR-based products, and other short-term instruments
- Cross-Border Settlement: Comprehensive RMB settlement services for international transactions
Trading Platforms
The broker provides multiple trading platform options tailored for RMB market access. Their proprietary RMB Trading Platform offers real-time access to CFETS rates, advanced charting capabilities, and integrated risk management tools. The system supports both desktop and web-based trading, with mobile applications available for iOS and Android devices. For institutional clients, they provide FIX API connectivity and direct market access solutions. The platform features include real-time market data, automated trading capabilities, comprehensive reporting tools, and integration with major back-office systems. Additional features include RMB-specific analytics, trade execution algorithms, and customizable workspace layouts.
Deposit and Withdrawal
RMB Trading Services offers multiple deposit and withdrawal methods tailored to Chinese regulatory requirements. Deposits can be made via domestic bank transfer, CNAPS (China National Advanced Payment System), or approved international payment channels. Minimum deposit requirements vary by account type, with institutional accounts typically requiring CNY 1,000,000 or equivalent. Processing times for domestic transfers are usually same-day, while international transfers may take 2-3 business days. All transactions must comply with Chinese foreign exchange regulations and documentation requirements. Withdrawals follow similar channels with standard processing times of 1-2 business days for domestic transfers. The broker maintains transparent fee structures with no hidden charges, though standard bank transfer fees may apply.
Customer Support
Customer support is available through multiple channels including phone support during Chinese business hours (9:00-17:30 Beijing time), email, and a dedicated relationship manager for institutional clients. Support is provided primarily in Chinese and English, with additional language options available for major institutional clients. The broker maintains offices in Beijing, Shanghai, and Hong Kong for in-person assistance. Response times are typically within 1 hour during business hours for priority clients, with standard queries handled within 24 hours. Technical support is available for platform-related issues, and a comprehensive knowledge base provides detailed documentation on trading procedures and regulatory requirements.
FAQ
Q: What are the main requirements for opening an RMB trading account?
A: Account opening requires full compliance with Chinese KYC regulations, including valid identification documents, proof of address, and additional documentation depending on account type. Institutional clients must provide business licenses, corporate documents, and regulatory approvals where applicable. The verification process typically takes 3-5 business days.
Q: How does RMB Trading Services ensure transaction security?
A: The broker employs multiple security measures including two-factor authentication, encrypted communications, and real-time transaction monitoring. All operations are conducted through regulated banking channels with full compliance to PBOC and SAFE requirements.
Q: What are the trading hours for RMB products?
A: Trading hours follow CFETS market hours, operating from 9:30-16:30 Beijing time for onshore RMB products. Offshore RMB trading is available during extended hours through the Hong Kong platform.