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What are the requirements and thresholds for iron ore futures account?
1. Capital requirements

When applying for trading code or opening trading authority, the balance of available funds in the margin account shall not be less than RMB 654.38+10,000 or equivalent foreign currency after daily settlement five trading days before the customer's application date.

2. Knowledge test requirements

By logging into the examination platform of China Futures Association, we can test the appropriateness of specific futures traders online. The total score of knowledge test 100, 80 is qualified.

3. Requirements for trading experience

① Experience in domestic futures trading. A customer shall provide a futures trading settlement form issued by a member of a futures company, which proves all the real futures or options trading records in China in the last three years.

② About overseas futures trading experience. The customer shall provide the details of futures trading records or settlement documents or other vouchers of overseas futures trading places supervised by the futures regulatory authorities of the countries (regions) where the China Securities Regulatory Commission signed the memorandum of understanding on cooperation as proof, so as to prove that it has futures or options trading records in the last three years.