When the futures account is online, enter the bank card information. After the futures account and password are entered, you only need to handle the silver period docking on the online banking to save money.
Futures accounts are free, as are all futures companies. However, there will be a handling fee after opening an account. The fees of each futures company are slightly different, and the services provided are also uneven. It is very important to choose a suitable futures company, which is generally recommended and considered from the following aspects:
Strong strength and large scale: the investment of large companies in software and hardware is incomparable to that of small companies. The trading speed of small companies is much worse than that of large futures companies. For futures, if it is only a point, the transaction cost will be much worse. In addition, the internal management and risk control of powerful futures companies are very strict, and the possibility of systemic risks is very low.
The significance of futures
Futures, whose English name is futures, is completely different from spot. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts based on some popular products such as cotton, soybeans and oil and financial assets such as stocks and bonds. Therefore, the subject matter can be commodities (such as gold, crude oil and agricultural products) or financial instruments.
The delivery date of futures can be one week later, one month later, three months later or even one year later.
A contract or agreement to buy or sell futures is called a futures contract. The place where futures are bought and sold is called the futures market. Investors can invest or speculate in futures.
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.