I. Suitability system of futures investors
The appropriateness system of futures investors is to distinguish investors' product cognition level and risk tolerance according to the specific product characteristics and risk characteristics of futures, select appropriate investors to participate in futures trading cautiously, and establish corresponding supervision system arrangements. Futures is characterized by strong professionalism, high leverage and high risk, which objectively requires participants to have high professional level, strong economic strength and risk tolerance, and is not suitable for general investors to participate widely. Therefore, futures trading is not suitable for everyone to operate. Some people want to do it, but it is not necessarily suitable. Investors should not think that this statement is heartless. In fact, it is a kind of protection for investors with weak financial knowledge. The establishment of investor suitability system can deepen investor risk education from the source, effectively prevent investors from blindly entering the market and truly protect the legitimate rights and interests of investors.
Second, the futures account conditions
Investors should ensure the following conditions before opening an account: (1) having full capacity for civil conduct; Having its own funds or other property suitable for futures trading and being able to bear the risks of futures trading; Have a fixed residence; In line with relevant national and industrial regulations, special types and varieties must meet certain conditions or pass relevant tests before opening an account. Futures account, that is, investors open futures accounts and capital accounts. The China Securities Regulatory Commission has not clearly defined the minimum amount of funds for futures investors to open accounts. With the different scale of futures companies and different trading methods, the requirements of each company for account opening funds have certain floating space. With the gradual increase of bank transfer and futures securities transfer business, customers can freely transfer funds between bank accounts, securities accounts and futures accounts.
Futures, whose English name is futures, is completely different from spot. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts with certain mass products such as cotton, soybeans and oil and financial assets such as stocks and bonds as the targets. Therefore, the subject matter can be a commodity or a financial instrument.