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What are the risks and effects of lending your name and related information to others to open an account for futures trading?
1, the friend on the first floor has made it very clear that the main risk is that when your friend is short, the futures company will claim debts from you on his behalf. Because it is your account that explodes the position, the futures company can operate it no matter who it is.

2. The Regulations on the Administration of Futures Companies stipulates that "staff members of futures companies and their spouses" cannot engage in futures trading in their own or other people's names, so parents, children and relatives of staff members of futures companies can engage in futures trading.

3. If you allow him to open an account in your name, the futures company will only recover the debt from you, no matter what kind of agreement you have with him, once the position really explodes (the capital loss is exhausted and the money owed to the futures company).

Because the agreement between you can't be traced back to the futures company, the law only looks at the debt relationship between you and the futures company.

4. There is no age limit for opening an account, as long as 18 years old. The required certificate is an ID card.

If you have to let a friend open an account in your name because of face, you must make a binding agreement, stipulating that all losses will be borne by him.