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As an experienced trader, I take the legitimacy and transparency of any brokerage I use very seriously, especially when it comes to platforms operating within China’s regulatory landscape. Based on my careful review, DONGHUA FUTURES holds a valid futures license and is regulated by the China Financial Futures Exchange—this is a foundational requirement for legitimacy in the Chinese market. The company’s relatively long operational history, reportedly established in 1993, also provides some assurance of stability and ongoing compliance. I’ve noted that their offering is strictly limited to Chinese-listed commodity and financial futures, with no access to forex, stocks, or other global instruments, aligning with their regulatory scope and suggesting a conservative business model. The broker uses several proprietary trading platforms, which appear to be robust and locally focused, but this also means international traders or those accustomed to platforms like MT4/5 may not find it suitable. On the cautionary side, I observed a lack of clarity regarding fee structures, deposit/withdrawal processes, and limited contact channels. For me, these gaps are significant, as they hinder full transparency and may present challenges if account or transaction issues arise. In my judgment, the broker does fulfill core regulatory and operational criteria for legitimacy within China’s futures market, but I would approach them cautiously and recommend verifying all costs and terms in detail before committing funds. This posture, in my experience, helps manage potential risks in an evolving regulatory environment.