First of all, let's look at the rules and conditions of option account opening for brokers and futures companies.
Option account opening rules
The regulation on the appropriateness of individual investors participating in stock option trading can be summarized as "five have nothing"
1. Contingent assets: the assets in the securities account and the capital account shall be no less than RMB 500,000 per day 20 trading days before the application for opening an account (excluding the funds and vouchers that investors integrate through margin financing and securities lending).
Voucher).
2. Knowledge: Have basic knowledge of options and pass relevant tests recognized by the Exchange.
3. Experience: Having opened an account in a securities company or futures company for more than 6 months, and having the qualification to participate in margin trading or financial futures trading experience.
4. Risk tolerance: The customer's risk tolerance is stable in C3, relatively positive in C4 and positive in C5.
5. No bad record: no serious bad credit record, and no laws, regulations, rules and business rules of the exchange prohibit or restrict option trading.
Let's take a look at the process of opening an account on the options trading platform.
1. The first step in opening an account in a warehouse is to submit an option risk notice, provide information such as an ID card, print out the contract, sign it, take photos or send a scanned copy.
2. The second step is to register through the trading software. Personal real-name authentication is required after registration.
3. In the third step, it is necessary to answer the telephone risk control return visit of the platform staff to ensure that investors are aware of the risks and rules of option trading.
Step 4, you can start trading options. Warehouse trading supports SSE options such as SSE 50, CSI 300, CSI 500 and Kechuang 50ETF options.
Matters needing attention in opening an option account
1, choose the right broker.
Investors need to consider many factors when choosing brokers, such as handling fees, trading platforms and customer service. In addition, investors also need to ensure that the selected brokers meet their investment needs and risk tolerance. We can know the pros and cons of different brokers by consulting official website of different brokers, reading customer comments and consulting professionals.
2. Prepare relevant documents
When opening an option account, investors need to provide some necessary documents, such as identity certificate, address certificate, income certificate, etc. In addition, investors need to prepare enough funds to meet the requirements of account opening and trading. Before submitting documents, investors should ensure the accuracy and completeness of all information.
Step 3 know the risks
Option trading has high risks, and investors need to fully understand these risks. The price of options is influenced by many factors, such as the underlying asset price, exercise price, remaining term, volatility and so on. In addition, options trading may also be affected by market liquidity, policy changes and other factors. Investors should formulate appropriate investment strategies according to their own risk tolerance and investment objectives.
4. Learn trading knowledge
Option trading involves some complicated knowledge and skills, such as the basic concept of options, trading strategy, risk management and so on. Investors should learn this knowledge before opening an option account in order to trade better. You can improve your trading skills by attending training courses, reading textbooks and simulating trading.
5. Abide by laws and regulations
Investors should abide by relevant laws and regulations and market rules when trading options. Including understanding and abiding by the trading rules, reporting obligations and information disclosure requirements of the exchange. In addition, investors need to update their personal information and transaction records regularly to ensure compliance.
5. Managing risks
Option trading has certain risks, and investors need to take effective risk management measures. This includes setting stop-loss points, diversifying investments and regularly evaluating portfolios. In addition, investors can also reduce risks by using option portfolio strategies (such as protective buying and hedging).