1. First of all, you should choose a regular futures company, because now you usually open an account online. If you choose the wrong platform, you are likely to fall into a black platform or an illegal fund-raising platform and a single platform, resulting in financial losses. Regular futures companies can be found in the futures company directories of official website and China Securities Regulatory Commission, or ask the customer manager the code of the futures company in the futures account cloud APP before opening an account to see if they can be found.
2. It is best to choose a futures company that supports the CTP channel. CTP is currently recognized as the best trading channel with fast trading speed. The top ten domestic futures companies all use CTP channel. In addition, companies with high ratings often have brokerage background, strong comprehensive strength, better channel speed and servers.
3. It is suggested to open an account through an account manager, so that the handling fee and deposit standard are relatively low after opening an account, which can reduce the transaction cost. If you open an account directly in official website, the handling fee and deposit will be higher.
4. It's more convenient to open an account online. It takes a long time to open an account in the sales department. Pay attention to prepare your ID card, bank card and a signed photo before opening an account online (take a photo with a black pen to save your handwriting), download the account opening APP (futures account cloud APP or futures company APP) on your mobile phone, and follow the process instructions.
The commodity variety, trading unit, contract month, margin, quantity, quality, grade, delivery time and delivery place of futures contracts are all established and standardized, and the only variable is price. The standards of futures contracts are usually designed by futures exchanges and listed by national regulatory agencies.
Futures contracts are concluded under the organization of futures exchanges and have legal effect. Prices are generated through public bidding in the trading hall of the exchanges. Most foreign countries adopt public bidding, while our country adopts computer trading.
The performance of futures contracts is guaranteed by the exchange, and private transactions are not allowed.
Futures contracts can fulfill or cancel their contractual obligations through the settlement of spot or hedging transactions.