Broker Summary
What Wikilix has recorded about BANDS: its history, the licences it holds, its trading conditions and its fees.
Overview of BANDS Broker: A Futures Trading Specialist Based in Hong Kong
BANDS provides futures trading services for both Chinese and international markets and aims to provide clients with easy access to the global marketplace. Founded by Tiger Shi and John Browning, BANDS uses state-of-the-art technology combined with its regulatory position to allow corporate and institutional customers the opportunity to trade through one broker. BANDS is regulated by the Hong Kong Securities and Futures Commission (SFC) and has consistently met the standards of excellence in its operations across multiple asset classes.
BANDS Financial Limited's History and Background
BANDS Financial Limited, established in Hong Kong for the purpose of taking advantage of arbitrage opportunities between Chinese and international futures markets, has achieved several significant milestones:
First Overseas Trading Member of a Chinese Future Exchange (INE);
First Overseas Special Broker Participant (OSBP) in 2021;
Ranked in the Top 20 Daily Volume Rankings of a Chinese Futures Exchange (INE) as of 2023;
Recipient of the INE Four-Year Outstanding Market Contribution Award; and
First Overseas Firm Designated an Industrial and Financial Service Base by the Shanghai Future Exchange (SHFE) in 2024.In 2024, BANDS Financial - a leading global brokerage for financial futures - received the INE Outstanding Market Contribution Award for the fourth consecutive year and the Shanghai Futures Exchange Designated Industrial and Financial Service Base Award. In 2023, BANDS was the first foreign broker to rank in the top 20 daily trading volume of an exchange in China. In 2021, BANDS was the first company to successfully operate an OSBP.
BANDS is a hybrid brokerage that combines a strong regulatory framework with innovative technologies and superior client service. BANDS Global Brokerage offers clients the opportunity to trade globally, with a focus on the China market, providing both global and regional access to product offerings. BANDS provides clients with an efficient solution for accessing the international and domestic futures markets through a single account and provides rapid fund transfers and tax-advantaged brokerage services.
While BANDS publishes only limited details about its trading and fee structures, the firm is well positioned for success due to its high level of service, very low capital requirements, and a high level of transparency.
BANDS Financial Limited is licensed by the Hong Kong Securities and Futures Commission to maintain and hold client funds in separately managed accounts. Additionally, BANDS Risk Management Limited has been licensed as a money lender under the Hong Kong Money Lenders Ordinance. Finally, BANDS (Shanghai) Investment Management Co., Ltd. was established as a wholly foreign-owned enterprise (WFOE) under Chinese law.
BANDS provides clients with direct market access to Chinese and global exchanges through co-location and direct high-speed connectivity, including cross-border transfers of funds that happen in under two hours, a tax-free method of repatriating profits, and the ability to manage all trading activities through a single account.
More details on BANDS' trading capabilities, recent accomplishments, and reputation in the marketplace can be found in the following sections.
Regulatory Licenses
BANDS is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked row is not a finding either way.
How far our check got
- 1 not yet checked
SFCTier 1
What the register says
- Licence number
- BFW669
- Type
- Dealing in futures contracts
Client protection under this licence
- No compensation schemeNo mandatory insurance (but strict fund segregation)
- Client money kept separate
- Negative balance protection
- Complaints routeSFC Complaints / FDRC
- Maximum leverage1:13
These are the rules SFC sets for the firms it licenses. They are not a statement about how BANDS applies them, or about which of its companies would hold your account.
About Securities and Futures Commission
Onshore regulatorGovernment bodyCompensation: No mandatory insurance (but strict fund segregation)Public registerTransparency: high- Typical cost of this licence
- HKD 500000+
Account Types
One account type on record. Minimum deposit from USD 5. Leverage up to 1:500.
| Account | Min Deposit | Leverage | Commission |
|---|---|---|---|
| Standard | USD 5 | 1:500 | Not recorded |
Funding Methods
4 ways to fund an account. 3 with no deposit fee. 2 credit instantly.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| Credit/Debit Cards (Visa, Mastercard, Maestro)Credit CardWithdrawal only up to initial deposit amount; profits withdrawn via bank transfer. Name on card must match account. EU citizens only for some online payments. | Free | USD 2 | USD 5 | Not recordedUSD 5,000 | Instant |
| Bank/Wire Transfers (including SEPA)Bank TransferSEPA transfers free; intermediary banks may charge fees. Withdrawals require same name as account. No third-party payments allowed. First deposit requires broker bank details via email. | Free | 0.15% | EUR 500 | EUR 500Not recorded | 4 days |
| E-Wallets (Skrill, Neteller)E-WalletDeposit minimums inferred low (around $5). Withdrawal fees vary by broker and payment system. Processing times 15 minutes to 1-3 days. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Instant |
| Cryptocurrencies (Bitcoin, USDT TRC20/ERC20, USDC ERC20/Solana)CryptocurrencyGlobal availability. Deposits to broker wallet address. Processing times about 15-20 minutes. | Free | Free | USD 1 | USD 1Not recorded | hour |
Global Domains
One domain on record. All active and served over HTTPS.
Corporate Network
3 legal entities behind the BANDS brand.
- BANDS Financial LimitedActive
- BANDS Risk Management LimitedActive
- BANDS (Shanghai) Investment Management Co., Ltd.Active

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