To open an account in a futures company, you need to prepare your ID card, bank card and various documents in advance.
When you open an account, you don't need funds in your bank card, but you need to prepare 10000 to 50000 in cash.
At present, 1 1 banks can be bound, namely China Bank, Agricultural Bank, Industrial and Commercial Bank, China Construction Bank and Bank of Communications, as well as six commercial banks including China Merchants Bank, Minsheng Bank, China CITIC Bank, China Everbright Bank, Industrial Bank and Shanghai Pudong Development Bank.
Futures can only be traded on stock exchanges. After you open an account with a futures company, the futures company will let you download some mobile phone software for futures trading. Now he is an ordinary safe and trustworthy housekeeper.
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Main characteristics of futures
The commodity variety, trading unit, contract month, margin, quantity, quality, grade, delivery time and delivery place of futures contracts are all established and standardized, and the only variable is price. The standards of futures contracts are usually designed by futures exchanges and listed by national regulatory agencies.
Futures contracts are concluded under the organization of futures exchanges and have legal effect. Prices are generated through public bidding in the trading hall of the exchanges. Most foreign countries adopt public bidding, while our country adopts computer trading.
The performance of futures contracts is guaranteed by the exchange, and private transactions are not allowed.
Futures contracts can fulfill or cancel their contractual obligations through the settlement of spot or hedging transactions.
condition
Minimum fluctuation price: refers to the minimum fluctuation range of the unit price of futures contracts.
Maximum fluctuation limit of daily price: (also known as price limit) means that the trading price of futures contracts shall not be higher or lower than the prescribed price limit within a trading day, and the quotation exceeding this price limit will be deemed invalid and cannot be traded.
Delivery month of futures contract: refers to the delivery month stipulated in the contract.
Last trading day: refers to the last trading day when a futures contract is traded in the contract delivery month.
Futures contract trading unit "hand": Futures trading must be carried out in an integer multiple of "hand", and the number of commodities in each contract of different trading varieties should be specified in the futures contract of that variety.
Transaction price of futures contract: it is the value-added tax price of benchmark delivery goods of futures contract delivered in benchmark delivery warehouse. Contract transaction prices include opening price, closing price and settlement price.