What are the terms of the futures account?
1, with full capacity for civil conduct.
2. Having its own funds or other property suitable for futures trading, and being able to bear the risks of futures trading.
3, in line with the relevant provisions of the state and industry.
4. Special types and varieties need to meet certain conditions or pass relevant tests before opening an account.
Futures account, that is, investors open futures accounts and capital accounts. The CSRC has no clear regulations on the lower limit of opening accounts for futures investors.
How much does it cost to do futures?
Futures is a margin system, and the lowest trading unit is the first hand. As long as you meet the margin standard of a certain variety, you can participate in the trading of that variety. However, we must be clear that if the market fluctuates in an unfavorable direction and the margin in your futures account is insufficient, you may be forced to close your position by the futures company, and the losses caused will be borne by you.
Novices who have just started to speculate in futures can choose some varieties with low margin and relatively flat market fluctuations, and gradually accumulate experience and become familiar with the market step by step, which is a relatively safe way.
It is suggested to prepare sufficient funds for futures speculation to resist the losses caused by market fluctuations. Novice operation is recommended to be less than half a warehouse, which is safer.
The margin of futures varieties is different. At present, there are 80 or 90 varieties listed in China, and you can choose the trading object according to your own funds.
How to open an account for futures?
Futures, also known as futures contracts, are standardized contracts formulated by exchanges, which stipulate that the subject matter will be delivered at a certain time and place in the future. It is completely different from spot, which is a real commodity that can be traded, and the subject matter of futures can be commodities, financial assets or financial indicators. Futures trading is conducted openly in the futures exchange.
If you want to conduct futures trading, investors need to open an account for futures trading first. Generally, they choose a futures company directly and bring relevant documents to apply for opening an account.
The process of futures account:
1. Select a company and negotiate the handling fee.
When choosing a futures company, you can choose with confidence as long as you find it in China Futures Association and China Securities Regulatory Commission. Regular futures companies will be safer and more perfect than others in all aspects.
After we have determined the futures company, we can negotiate the handling fee with the futures company. The handling fee of futures is an additional part of the futures company on the basis of the exchange. If this part is not clearly negotiated before opening an account, it is very high. At present, the minimum is that the exchange will add one point.
2. Preparation materials: ID card and bank card, handwritten signature photos, and WiFi environment to ensure smooth account opening.
3. You can open an account by downloading futures account software on your mobile phone. The specific operation steps are as follows:
(1) Select a futures company: Open the APP to select a futures company, and enter the futures company number.
(2) The user needs to fill in the mobile phone number first, click to get the verification code, enter the verification code obtained by SMS, click to verify and log in.
(3) View the agreement: After the user logs into the account opening cloud system with his mobile phone number, the interface he enters is View the agreement. After checking and agreeing to the agreement, click "Next" to enter the upload photo page.
(4) Upload photos: enter the upload photos page and upload the front, back and signature photos of the ID card according to the button prompts. When uploading photos, you can choose to take photos or albums. The photos selected in the photo or album must be taken at close range with clear pictures, otherwise it will affect the process of obtaining customer information in the later stage.
(5) If it is a one-time customer, the optional futures markets are: Shanghai Futures Exchange, Zhengzhou Commodity Exchange and Dalian Commodity Exchange.
(6) Video authentication: When performing video authentication, please ensure that the camera and microphone of the mobile phone are normal.
(7) Install a digital certificate: A digital certificate has a 6-digit password to remember.
(8) The last step: sign the relevant agreement, pay a return visit online, submit the application, and you will receive a text message of successful account opening.