Futures can be opened online or through futures companies. Online account opening requires downloading the futures trading software, following the process after finding the account opening, and preparing the ID card and bank card. Futures companies only need to bring their ID cards, bank cards and mobile phones to open accounts in futures companies, and the staff will handle them well.

After opening a futures account, you can sign a silver contract and conduct futures trading at midnight that day. At present, 50 legitimate futures companies/KLOC-0 can handle futures accounts. All futures companies have basically the same account opening process. In the Internet age, the account opening operation is simple and fast, and the whole account opening process takes 10- 15 minutes, which can effectively save time and cost.

Futures trading mode is T+0, with two-way trading and margin trading. Domestic futures trading hours are Monday to Friday from 9:00- 1 1:00, afternoon 13:30- 15:00, and night trading is 2 1:00- the next day.

What is futures?

As a financial derivative, futures are mainly used to hedge the risks brought by the spot market. Futures is a standardized contract developed from forward contract, which is a contract with others to buy forward goods, so as to achieve the purpose of hedging. Futures are mainly not commodities, but standardized tradable contracts with cotton, soybeans, oil and other bulk products and financial assets such as stocks and bonds as the targets. Therefore, the subject matter can be a commodity or a financial instrument.