The futures account is free. Now it is very simple to open a futures account to trade commodity futures, and the procedures are also very convenient;
First of all, choose a regular futures company to handle it. There are two ways to open an account: one is to handle it on the spot in the sales department of the local futures company, and the other is to handle it online through the network; But now all accounts are opened online, and a mobile phone takes about 15 minutes at home, which is convenient and quick, saving time and effort.
It should be noted that you need to prepare your ID card and bank card in advance before opening an account, and you can open an account at the specified time.
Domestic futures account time: Monday to Friday, 9: 00 a.m.-5:00 p.m. on the trading day. Note: if you open an account before 3 pm on the same day, you can open an account on the same day and trade at night at the earliest. You can open an account after 3 pm that day and participate in the transaction the next day.
Futures account process:
1. Download the selected futures company APP with your mobile phone, log in with your registered account and apply for opening an account;
2. Fill in personal information as prompted and submit the required materials;
3. Fill in the risk questionnaire survey and pass the assessment;
4. Conduct video review, and wait for the account to be issued after passing;
5. Sign a silver contract after receiving the account;
6. Money is injected into the account and can be traded the next day.
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 based on some popular products such as cotton, soybeans and oil and financial assets such as stocks and bonds. Therefore, the subject matter can be commodities (such as gold, crude oil and agricultural products) or financial instruments.
The delivery date of futures can be one week later, one month later, three months later or even one year later.
A contract or agreement to buy or sell futures is called a futures contract. The place where futures are bought and sold is called the futures market. Investors can invest or speculate in futures.
main feature
The commodity variety, trading unit, contract month, margin, quantity, quality, grade, delivery time and delivery place of futures contracts are all established and standardized, and the only variable is price. The standards of futures contracts are usually designed by futures exchanges and listed by national regulatory agencies.
Futures contracts are concluded under the organization of futures exchanges and have legal effect. Prices are generated through public bidding in the trading hall of the exchanges. Most foreign countries adopt public bidding, while our country adopts computer trading.
The performance of futures contracts is guaranteed by the exchange, and private transactions are not allowed.
Futures contracts can fulfill or cancel their contractual obligations through the settlement of spot or hedging transactions.