1, which meets the entry qualification stipulated by national laws, regulations and policies; (It must be People's Republic of China (PRC) nationality, and compatriots from Hong Kong, Macao and Taiwan cannot trade domestic futures for the time being. )
2. Having the necessary funds or assets for the exchange (the minimum capital for trading stock index futures is 500,000 yuan, 100 minimum capital for opening an account for variety futures traders100,000 yuan);
3. The account holder and the transaction executor must be at least 18 years old and have full capacity for civil conduct.
Extended data:
Documents or materials required for the customer's futures account:
1. Opening an account by a natural person (ordinary investor): original ID card and bank card; The account holder himself must open an account on site.
2. Opening an account by a legal person (institutional investor): a copy of the business license of the enterprise of the account opening unit, the legal representative, the instruction issuer, the identity card of the fund payer and the tax registration certificate.
Futures are mainly not commodities, but standardized tradable contracts with commodities such as cotton, soybeans and oil and financial assets such as stocks and bonds as the targets. So the theme can be commodities (such as gold, crude oil, agricultural products) or financial instruments.
How to identify illegal futures trading or disguised futures trading
First of all, from the definition, Article 89 of the Regulations on the Administration of Futures Trading clearly stipulates: "Without the approval of the the State Council Futures Regulatory Authority, it is a disguised futures trading to use centralized trading to conduct standardized contract trading, and at the same time adopt the following trading mechanisms or have one of the following trading mechanism characteristics:
(1) Providing performance guarantee for all buyers and sellers involved in centralized transactions;
(two) the implementation of debt-free settlement system and deposit system, and the deposit collection ratio is less than 20% of the contract (or contract).
Secondly, from the perspective of centralized trading places, there are Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange and China Financial Futures Exchange approved by the State Council Futures Regulatory Authority. Among them, the first three exchanges are places engaged in commodity futures trading, while China Financial Futures Exchange is a place specializing in financial futures trading. Other centralized trading places are illegal trading places because they have not been approved by the futures supervision and administration department of the State Council. It is illegal to conduct centralized trading in the above four approved futures exchanges.
Finally, from the perspective of intermediaries, according to China's trading system, the brokerage institution of futures trading is a futures company. Therefore, "futures trading" that does not open an account with a futures company belongs to illegal futures trading, and the interests of investors cannot be effectively protected by law.