Account opening conditions:
At least 18 years old, and at the same time, it is required to have a legal ID card or a passport or driver's license provided by the government.
Information required to open an account:
Personal account: identity cards and copies of customers and authorized persons;
Legal person: copy of business license, copy of ID card, copy of legal representative and authorized person.
Execute the futures process:
Step 1: Place an order. The so-called order placing means that the customer sends trading instructions to the business personnel of the futures brokerage company before each transaction, including the futures contract variety, contract month, quantity, trading direction (buying or selling), price, date and time, name of the futures exchange, customer name, customer code and account, name of the futures brokerage company, etc.
There are two kinds of trading orders stipulated by domestic futures exchanges: limit orders (trading at a specified price or better) and cancellation order (canceling a previously issued order that has not been traded). This instruction is valid on the same day.
There are also two ways to place an order: one is to place an order in writing-the customer fills in the trading form in person, signs it and submits it to the trading department of the futures brokerage company, which will report the form to the company's market representative in the futures exchange by telephone, and then the market representative will input the customer's instructions into the exchange host for trading. The other is to place an order by telephone-the customer sends the order directly to the trading department of the futures brokerage company by recorded telephone, and then the trading department informs the market representative to place an order. After the activity, the customer should sign the transaction form.
Step two, make a deal. According to the principle of price priority and time priority, the exchange host automatically matches the orders of both parties to the transaction.
The third step is the return and confirmation of the transaction. When the computer displays the closing instruction, the market representative must immediately feed back the closing result to the trading department of the futures brokerage company, and the trading department will record the closing result on the trading sheet, stamp it with a time stamp, and report the recording sheet to the customer. The transaction return record sheet shall specify the transaction price, number of lots, direction, return time, etc. If the customer has any objection, it shall submit it to the futures brokerage company in writing before the opening of the second trading day; If there is no objection, you should sign the transaction receipt for confirmation.