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In my experience as a trader, regulatory oversight is one of the most critical aspects I consider when evaluating any broker, especially in the futures market. With SHENGDA FUTURES, I found that the company is indeed regulated, holding a futures license under the China Financial Futures Exchange (CFFEX). The CFFEX operates as a legally established entity with the approval of both the State Council of the People's Republic of China and the China Securities Regulatory Commission (CSRC). This institutional backing provides a noteworthy degree of credibility and regulatory structure, as both of these authorities are recognized for their comprehensive oversight in China’s financial sector. For me, the involvement of the CFFEX and indirect oversight through the CSRC means SHENGDA FUTURES has to comply with strict domestic requirements related to business practice, transparency, and fund safety—key elements I look for to mitigate personal and financial risk. I always stress that genuine regulatory coverage greatly reduces the risk of malpractice, though, as with any regulated entity, it remains essential to stay vigilant, verify licenses periodically, and monitor for updates or changes in status. Ultimately, SHENGDA FUTURES’ regulatory framework aligns with my preference for trading only with brokers who are transparently licensed by official financial authorities.