On may 2012 10, silver futures was officially listed in the previous issue, which is also the second precious metal futures product listed in China. Investors have another investment channel, so how to open an account for silver futures? What are the requirements for opening an account?

Status of silver futures account

1, China citizenship, China legal person qualification or other economic organization qualification;

2. A natural person must be 18 years old to open an account;

3. Having its own funds or other properties suitable for futures trading that bear the risks of futures trading;

4. Have a fixed residence;

5. The participation of state-owned enterprises in futures trading shall comply with the relevant provisions of the state;

You will not be allowed to open an account if:

1, state organs and institutions;

2. It is forbidden to enter the securities and futures markets;

3. Units and individuals that fail to provide proof of account opening;

4. Persons without or with limited capacity for civil conduct;

5. Staff members of futures companies and their spouses;

6, China Securities Regulatory Commission and its dispatched offices, futures exchanges, futures margin security depository monitoring institutions and futures industry associations staff and their spouses;

7. Other units and individuals prohibited from engaging in futures trading according to law.

How to open an account for silver futures trading

For investors who have opened futures accounts, there is no need to go through any new procedures, as long as there is enough margin in the account from 10; For investors who have not yet opened a futures account, the procedure is relatively simple. I only need to bring my ID card and the bank card of one of the five major banks, namely, industry, agriculture, China, construction and exchange, to the business department of the futures company to go through the account opening procedures. The whole process only takes about half an hour.

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List of basic knowledge of silver futures