What is the transaction cost of futures?
The handling fee for general commodity futures is less than ten thousandths, depending on the standards charged by futures companies. Generally, the standards of each futures company are different. The handling fee of futures trading is generally divided into two parts: one part is the handling fee of the exchange, which is relatively fixed. According to the variety of trading objects, the collection methods are different, some are charged at a fixed fee, and some are charged at a certain proportion. The other part is the commission of futures companies, which is not fixed and fluctuates greatly. Different futures trading companies charge different fees, ranging from one to three times that of the exchange.
What is the formula for calculating futures commission?
There are two ways to charge for futures trading in China: one is based on a fixed value, that is, how many lots, and the calculation formula is: A futures commission n lots = fixed commission per lot × lots, and the other is based on the proportion of the transaction amount, and the calculation formula is: N lots futures commission = transaction price × transaction unit × commission rate × lots. However, it should be noted that different futures products have different commission rates, and at the same time, their calculation methods are also different.