Interactive Brokers' external futures are actually complementary to domestic futures. If you compare its advantages, or the differences when China's futures need to be integrated with international standards, it can be explained like this:\x0d\1. It takes a long time. Trade some major futures almost 24 hours a day instead of just 4 hours a day. \x0d\2. Low cost. For example, when comparing the Hang Seng Index and the CSI 300, the contract sizes are similar but the total commission difference is 38 Hong Kong dollars and 300 RMB, which is eight or nine times smaller. \x0d\3. More varieties, more opportunities. \x0d\4. The trading instructions are more abundant. There are more than 10 or 20 kinds of more than 50 kinds of trading instructions that can meet your various ordering needs, as well as hotkey settings, registered traders for mouse trading, etc. \x0d\5. Greater leverage. There are many types of futures with leverage of ten to twenty times. \x0d\6. Low competition. There are many short-term speculators in China who make a lot of money steadily from the market. In such an environment, the profit opportunities are relatively low. If you compare the trading volume of domestic varieties to the multiple of open interest (three to five times is common), in foreign countries this ratio is between 10% and 100%, and rarely exceeds 1 time. Therefore, it can be inferred that there are fewer international retail investors who are keen on short-term. \x0d\7. Strong trend. A 100-point market trend may extend the trend when speculative funds follow up. The fluctuations are even more severe. \x0d\8. There are many related varieties and rich supporting derivatives. For example, the mini-S&P futures ES can have related mini-S&P futures options, S&P spot index options, S&P ETFs, S&P ETF options, as well as related varieties of the Dow and Nasdaq and their derivatives that can be operated to lock in risks or pursue greater good. \x0d\9. You can lock in or avoid the reverse risk of the market outside the 4-hour domestic trading hours. For example, if an investor buys Shanghai copper before the market closes, if the copper price falls sharply in the international market overnight, he does not have to wait for the next morning to close his position in the Shanghai market. Instead, he can buy COMEX copper HG in time at a very low cost. Lock the corresponding positions to avoid the risk of holding positions overnight. \x0d\10. External financial futures are highly liquid (retail investors can also participate). For example, the small S&P has a trading volume of several million a day, and its margin is only 2,000-5,000 US dollars per lot (15,000-40,000 RMB). It can control assets of 60,000 US dollars (400,000 RMB), and the transaction cost is 2 US dollars per side. (14 RMB, starting price for a taxi). Relatively speaking, for CSI 300 Index futures, you need to pass the account opening exam and simulated trading, deposit 500,000 yuan to open an account, the margin is about 200,000 yuan, trade 1 million yuan of assets, and pay a unilateral cost of about 300 yuan.