No
It is possible to open a futures account with zero margin, but zero handling fee is impossible. If someone tells you that the handling fee can be +0, then you must be careful, because the China Securities Regulatory Commission clearly stipulates that futures companies cannot charge zero commission, so regular futures companies cannot charge +0 handling fees.
The calculation formula of handling fee: total handling fee = exchange basic handling fee + futures company commission.
The basic handling fees of exchanges are uniform across the country, without exception, so the handling fees on the market vary, all because of the difference in commissions of futures companies. The level of handling fees is that the commission of the futures company is 2-6 times the basic handling fee of the exchange.
Many people don’t know that the handling fees of futures companies are negotiable, so they have been paying high times of handling fees and working for futures companies in vain. This part can be negotiated to a minimum of +0.01 on the basis of the exchange, also to avoid the regulations of the China Securities Regulatory Commission. In fact, the difference is not big, the difference is only 1 yuan for 100 lots of transactions.
So when choosing a futures company, it is best to choose one that can meet this standard, otherwise a lot of money will be given away in vain.
The margin of futures is also composed of two parts. Like the handling fee, the margin of most futures companies is also high by default, which is basically 1.5 times the minimum margin. For example, the standard lot of the methanol exchange is only about 1,600. As for the margin, most futures companies require more than 2,500. The standard margin of Thread Exchange is only more than 3,000 per lot, and most futures companies require about 5,000.
You can also ask the futures company to lower the margin. The minimum can be added to 0, but this will increase the risk for the futures company. Generally, futures companies will add 0 margin to customers only if they have conditions. Usually It is the threshold for the amount of funds or transaction volume.
However, the lower the margin, the greater the risk. Investors can choose to adjust or not adjust, depending on their risk tolerance.