Find a suitable futures brokerage company or business department, and you can enter the account opening stage. The so-called account opening refers to opening a trading account specializing in futures trading in a futures company. From account opening to trading, you need to cooperate with the futures company to complete the following procedures.
2. What conditions do you need to open an account and what materials do you need to bring?
When opening an account, the customer must go through the account opening formalities in his true identity, and the account opening objects are divided into individual households and legal person households.
When an individual opens an account, he must present the original ID card and provide a copy. When signing, he must provide the corresponding residential address, contact information and other information.
When a legal person opens an account, it is required to present the original business license and tax registration certificate, the original legal person ID card and its power of attorney, and the original ID card of the account opening authorizer. State-owned enterprises or enterprises with state-owned assets holding or leading positions also need to produce documents approved by the competent department or the board of directors to engage in futures trading. It is required to keep copies of the above certificates and documents.
According to the existing regulations of the China Securities Regulatory Commission, under any of the following circumstances, it shall not become a customer of a futures brokerage company:
State organs and institutions;
Staff of China Securities Regulatory Commission and its dispatched offices, futures exchanges, futures margin depository monitoring institutions and futures industry associations;
It is forbidden to enter the securities and futures markets;
Units that fail to provide proof documents for account opening;
Other units and individuals prohibited from engaging in futures trading as stipulated by the China Securities Regulatory Commission.
3, futures trading risk statement
According to the regulations, futures brokerage companies can only sign futures brokerage contracts with customers after they have known the futures trading risks and signed a futures trading risk statement for confirmation. At present, the contents of the risk statement of futures trading formulated by domestic futures brokerage companies are basically the same. The main contents include position risk, margin loss and additional risk, forced liquidation risk, risk that trading orders cannot be liquidated, hedging risk and risk caused by force majeure.
4. Choose the transaction method
Traditional trading methods include written trading and telephone trading. In written form, the customer fills in the trading order form on the spot and sends the order to the exchange through the salesman of the futures brokerage company; The telephone method is that the customer sends the instructions to the order taker of the futures brokerage company by telephone, and the order taker synchronously records them and sends them to the exchange.
With the progress of computer technology, futures brokerage companies have added the following electronic trading methods in addition to the above trading methods:
(1), a popular self-service entrusted transaction. At the trading site, customers trade through the computer (the computer is connected to the trading host of the exchange through the server of the futures brokerage company).
(2) Telephone voice entrusted transaction. The customer converts the trading instructions into computer instructions through the telephone keyboard, and then the computer sends them to the exchange host. Because its operation process is very complicated, it must be completed step by step according to the prompt voice, and there must be a wait between each step. So even though some futures brokerage companies have introduced this trading method, few people actually use it.
(3) Online transactions. Use the internet to conduct transactions. Because online trading is not limited by region, it has the advantages of fast trading and return, high accuracy and low cost, so it is welcomed by traders and futures brokerage companies and is also the fastest trading method at present.
However, the new trading mode is mainly carried out by computers, which may cause some additional risks due to computer systems or communication transmission systems. Therefore, if the customer chooses the electronic trading mode, the futures brokerage company will require the customer to sign the Supplementary Agreement on Computer Self-help Entrusted Trading, the Risk Disclosure of Online Futures Trading and the Supplementary Agreement on Online Futures Trading at the same time.