Accounts and eligibility
Sections ↑Cathay Futures combines Taiwan and overseas futures accounts with several desktop trading systems. Its practical distinctions are a TWD 500,000 online margin-use cap, three withdrawal batches, fortnightly currency conversion and a published 25% risk-indicator closeout rule.[13][9][14]
Opening route and applicant class
| Item | Published terms and practical effect |
|---|---|
| Online personal | Taiwan national, age 20 to 64; the page excludes corporate applicants, foreign nationals and US nationalsSource 9Source 13 |
| Branch personal | National ID, second photo ID, bank book and signature/sealSource 9Source 13 |
| Corporate | Registration and representative documents, authority paperwork and corporate sealsSource 9Source 13 |
| Foreign investor | Registration plus local agent/custodian authority and supporting identity documentsSource 9Source 13 |
Digital-account controls
| Item | Published terms and practical effect |
|---|---|
| Margin-use ceiling | TWD 500,000 for open positions plus new orders; not a minimum depositSource 13 |
| SMS verification | At most five messages per day; counter resets at 00:00Source 13 |
| Expired temporary certificate | Restart the online application rather than reusing the expired signing sessionSource 13 |
Products and contract specifications
Sections ↑The currency contracts below have a fixed notional, a tick value and an expiry. They create price exposure through futures; they do not deliver a spot-currency bank balance. Domestic and overseas instruments may sit in separate collateral accounts.
TAIFEX currency futures: size and price increment
Commissions, fees and margin
Sections ↑Exchange charges on representative currency contracts
Published exchange margin snapshot
For these currency futures, TAIFEX lists a transaction-tax rate of 0.000001 of contract market value. Customer commission, exchange charges, tax, bid–ask execution and conversion should be reconciled separately on the statement. A quoted commission should identify the contract, currency, per-side or round-trip basis, and included charges. The public pages reviewed do not establish a universal all-in retail futures commission for this firm.[12]
Default and residual-debt terms
| Item | Published terms and practical effect |
|---|---|
| Default penalty | 7% of default amount, with a TWD 1,000 minimum under the published policySource 14Source 9 |
| Liquidation shortfall | Losses remaining after closeout are still the customer’s liabilitySource 14Source 9 |
| FX conversion charge | No fixed bank spread or broker conversion tariff is stated on the operational pageSource 14Source 9 |
Trading, execution and expiry
Sections ↑Currency-futures trading sessions
Expiry and final-settlement differences
| Contract | Listed delivery months | Final cash-settlement reference |
|---|---|---|
| RHF | Spot, next month and next four quarterly months | TMA USD/CNY(HK) spot fixing at 11:30 Taipei timeSource 4 |
| RTF | Spot, next month and next four quarterly months | Taipei Forex Market Development Foundation USD/CNY(TW) fixing at 11:15Source 5 |
| XEF | Four quarterly months | WMR EUR/USD midpoint at 14:00 Taipei timeSource 6 |
Domestic liquidation triggers
| Item | Published terms and practical effect |
|---|---|
| Risk indicator below 25% | Closeout of open positions under the published policySource 14 |
| Unresolved previous-day margin call | Liquidation if still unresolved by 12:00 next daySource 14 |
| After-hours session | Different treatment for exchange-designated exempt and non-exempt productsSource 14 |
Overseas day-trading and expiry controls
| Item | Published terms and practical effect |
|---|---|
| Carry a day trade overnight | Restore required initial margin, including floating losses, 30 minutes before closeSource 14 |
| Last 30 minutes | No new day-trade orders; outstanding orders may be cancelled and positions closedSource 14 |
| Risk indicator below 25% | Broker may liquidate overseas positionsSource 14 |
| Physical delivery | Broker can close positions before delivery deadlinesSource 14 |
Funding, withdrawals and currency conversion
Sections ↑Choose the destination account and currency before initiating a transfer. The schedules distinguish application cutoffs, broker ledger treatment and bank receipt. The firm’s nominated-bank instructions control the actual beneficiary details.
Deposit-bank coverage
| Item | Published terms and practical effect |
|---|---|
| Domestic TWD | Cathay United, CTBC, Mega, First, Hua Nan, Taiwan Cooperative and TaishinSource 9 |
| Overseas futures | Cathay United, CTBC and TaishinSource 9 |
| Account routing | Domestic and overseas margin accounts have different beneficiary instructions; use the assigned customer accountSource 9 |
Withdrawal application batches
Foreign-currency payment conditions
| Item | Published terms and practical effect |
|---|---|
| USD withdrawal | Published procedure permits same-day credit, subject to banking operationsSource 9 |
| Other currencies | Do not assume same-day receipt; arrange timing with the cash deskSource 9 |
| Cross-bank remittance | Customer bears bank chargesSource 9 |
| Large foreign-currency payment | Advance contact is requested for cash schedulingSource 9 |
Domestic and overseas collateral transfers
| Item | Published terms and practical effect |
|---|---|
| Before 16:30 | Same-day domestic and overseas accountingSource 9 |
| After 16:30 | Overseas account can be credited immediately; domestic ledger records next business daySource 9 |
| New orders | Wait for usable collateral to appear in the intended trading accountSource 9 |
Currency-conversion timetable
| Item | Published terms and practical effect |
|---|---|
| Discretionary conversion | 08:00–14:00 business-day requests processed that day; later requests next business daySource 9 |
| Regular negative-currency conversion | Every other Thursday under the schedule effective from 1 January 2025Source 9 |
| Balance used | Previous Wednesday account balance; holidays can defer processingSource 9 |
| Cash needed during conversion | Contact the withdrawal desk about amounts being convertedSource 9 |
Withdrawal authority and valuation
| Item | Published terms and practical effect |
|---|---|
| Individual client | Account owner must request payment; a trading delegate cannot do soSource 9 |
| Corporate client | Written withdrawal applicationSource 9 |
| Positive foreign-currency balance | 97% of balance × reference FX rate for the described withdrawal valuationSource 9 |
| Negative foreign-currency balance | 103% of balance × reference FX rateSource 9 |
Entity, client money and risk controls
Sections ↑TAIFEX membership identifies the futures intermediary and its clearing role. It does not make leveraged trading capital a guaranteed bank deposit. The review does not establish a current individual compensation limit or a private insurance policy for this account; neither is presented as a benefit. Margin calls and liquidation can leave a balance still payable by the client.[1][2][7]
External financial-consumer complaint route
| Item | Published terms and practical effect |
|---|---|
| First step | Complain to the financial-services provider and retain its responseSource 15 |
| No reply | If the provider does not reply within 30 days, apply for FOI review within the statutory 60-day period after that response deadline.Source 15Source 16 |
| Disputed reply | If the response is unacceptable, apply within 60 days after receiving it.Source 15Source 16 |
| Scope | Eligibility and admissibility assessed by FOI; review is not compensation insuranceSource 15 |
Support and account administration
Sections ↑Use the dedicated dealing or cash channel for a time-sensitive instruction. General customer service and an online submission are not substitutes for confirmation that an order or payment has been accepted.
Official service contacts
Platforms, automation and additional services
Sections ↑Software availability and trading permission are separate. Use the platform family assigned to the account and the current certificate; a downloaded program does not by itself enable every market or automation function.
Desktop platform choices
| Item | Published terms and practical effect |
|---|---|
| New Tree | Domestic Windows trading routeSource 10 |
| Options Tree | Domestic and overseas futures/optionsSource 10 |
| Super Sonic Tree | Domestic/overseas trading, smart orders and multiple monitorsSource 10 |
| Web Tree | Browser route; the publisher lists Windows, so Mac support should not be assumedSource 10 |
Cathay Futures PC requirements and tools
| Item | Published terms and practical effect |
|---|---|
| Operating environment | Windows 10 or later; 8 GB RAM; quad-core i5; 1024×768 displaySource 11 |
| Order tools | Stop market, stop limit, touch orders, OCO, profit/stop and trailing functionsSource 11 |
| Workspace | Import/export layouts and arrange multiple trading panelsSource 11 |
| Connection display | Separate quote, trade and message connection indicatorsSource 11 |
Automation and connection behaviour
| Item | Published terms and practical effect |
|---|---|
| Continuous IOC | Closing its child window does not stop the background task while the main program remains openSource 11 |
| Connection status | A working quote connection does not establish that the trade connection is workingSource 11 |
| Order verification | Use the order and execution records to determine what was accepted before sending a replacement orderSource 11 |
Company identity and continuity
Sections ↑Official exchange identity
| Item | Published terms and practical effect |
|---|---|
| FCM code | F001 in TAIFEX register updated 21 October 2026Source 1Source 2 |
| Trading register name | Cathay Futures Co., Ltd.Source 1Source 2 |
| Clearing-list name | Cathay Futures Corporation; same F001 exchange codeSource 2 |
| Clearing role | General clearing member in list updated 24 August 2026Source 1Source 2 |
| Jurisdiction | Taiwan; group or software branding does not extend the account’s permissionsSource 1Source 2 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Cathay Futures Corporation
No separate licence entry is recorded in this panel.
Practical examples and further information
Sections ↑Worked currency-futures price moves
All processing times in this profile are Taipei time unless another timezone is expressly stated. A bank transfer receipt, a posted margin balance and a completed withdrawal are different stages. Keep enough usable collateral for outstanding orders as well as positions; closing a position does not itself submit a bank withdrawal. This profile is a document-based review dated 26 October 2026; it does not report funded-account testing.
Sources & further reading
- TAIFEX register of FCMs, updated 21 October 2026 Taiwan Futures Exchange · Accessed 26 Oct 2026
- TAIFEX clearing members, updated 24 August 2026 Taiwan Futures Exchange · Accessed 26 Oct 2026
- TAIFEX FX-futures margin schedule (displayed effective 24 February 2026) Taiwan Futures Exchange · Accessed 26 Oct 2026
- RHF USD/CNH futures official contract terms Taiwan Futures Exchange · Accessed 26 Oct 2026
- RTF USD/CNT futures official contract terms Taiwan Futures Exchange · Accessed 26 Oct 2026
- XEF EUR/USD futures contract specification Taiwan Futures Exchange · Accessed 26 Oct 2026
- Margin calls, initial and maintenance margin explained Taiwan Futures Exchange · Accessed 26 Oct 2026
- Official Cathay Futures website Cathay Futures · Accessed 26 Oct 2026
- Account types, overseas investors and withdrawal operations Cathay Futures · Accessed 26 Oct 2026
- Trading software for domestic and overseas futures Cathay Futures · Accessed 26 Oct 2026
- Cathay Futures PC smart-order tools and connectivity indicators Cathay Futures · Accessed 26 Oct 2026
- TAIFEX transaction, clearing, settlement fees and transaction tax Taiwan Futures Exchange · Accessed 26 Oct 2026
- Online-account eligibility and verification Cathay Futures Corporation · Accessed 26 Oct 2026
- Domestic and overseas liquidation policy Cathay Futures Corporation · Accessed 26 Oct 2026
- Financial Ombudsman Institution: complaint and review process Financial Ombudsman Institution · Accessed 26 Oct 2026
- Financial Consumer Protection Act, Article 13: response and review deadlines Taiwan Ministry of Justice Laws and Regulations Database · Accessed 26 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.