1, handling fee
Every futures company has high fees and low fees. The key depends on the channel through which you open an account. If the same futures company does not open an account, the charges will be much worse. Now the charges for futures accounts are more open and transparent.
Generally, the lower handling fee level in the market is the exchange handling fee plus a penny, which is only a form and can be ignored in actual operation. Attention is above this standard, don't accept it all. Just change the next one. This is already the highest standard for opening an account at present.
Some futures companies can not only fail to meet the minimum standard of handling fees, but also return commissions. The exchange will refund a part of the handling fee you gave to the futures company, and the futures company will return it to you according to the promised proportion.
Among the futures companies, the fees of the top big companies are not necessarily low. Because there are many customers, you are not a small retail investor, and it will be very troublesome to talk about various expenses. On the contrary, some middle-ranking futures companies will give more discounts in order to expand customers.
Step 2: Edge
Futures is a margin trading system, which can also be called leveraged trading. The principle of leverage lies in the margin, that is, the funds needed to trade the first-class contract. 10% margin ratio is equivalent to 10 times leverage, and 5% is equivalent to 20 times leverage.
Deposit calculation formula: deposit = contract price x contract unit x deposit ratio.
Take rebar price of 5000 as an example, the contract unit is 10t/ lot, and the exchange deposit is 10%.
Margin = 5000×10×10% = 5000 yuan/lot.
It means that it costs 5000 yuan to trade primary rebar, and one point of rebar fluctuation is 10 yuan, so the fluctuation of 500 points is 5000 yuan, which is equivalent to the fluctuation of 10%, and 5000 yuan is either doubled or not left.
In order to control risks, futures companies will increase a certain proportion on the basis of exchanges. The lower the margin, the greater the leverage and the higher the risk. Therefore, the deposit is a double-edged sword. If used well, you can make full use of funds to maximize benefits. If it is not used well, it can only accelerate extinction. The minimum margin is +0 of the exchange, which cannot be lower than the exchange standard.