1. Participating in cotton futures account trading needs to meet the entry qualification stipulated by national laws, regulations and policies;
2. Having the necessary funds or assets to participate in the trading of cotton futures accounts.
3. Account holders and transaction executors who participate in cotton futures account transactions must be at least 18 years old and have full capacity for civil conduct.
Documents or materials to be provided for cotton futures account:
Cotton futures account (individual): original ID card and bank card; You also need to keep the scanned ID card and its copy (front and back), the head above your neck and fill in the futures brokerage contract provided by the futures company.
Cotton futures account (institution): a copy of the business license of the account opening unit, the legal representative, the person who issued the order, the ID card of the fund transferor and the tax registration certificate.
Cotton futures account process:
1. Bring my valid ID card and bank card or passbook to the futures company or local business department (or handle it anywhere where employees of the company or business department are present). Before going to a futures company, it is best to make an appointment with the company account manager to open an account. You can make an appointment to open an account with a futures company of your choice on the Golden Axe Futures Account Channel, which not only saves time, but also obtains corresponding preferential policies. 2. Sign the contract documents of the futures company with the futures company, and truthfully fill in the account opening registration form of investors in the futures market. Other personnel who are not account holders involved in the futures contract documents must also go through the relevant formalities in person. Copies of ID cards of customers and other personnel involved in the contract shall be filed as attachments to the contract.
3. Fill in the registration form of settlement account to facilitate deposit and withdrawal in the future.
4. The futures company shall apply for the trading code of the exchange according to the registration form for opening accounts of investors in the futures market and the copy of ID cards provided by investors.
5. The futures company opens the trading authority for investors and sets the initial trading password.
It is free to handle futures accounts in China, whether you are handling personal accounts or corporate accounts, commodity accounts or stock index futures accounts. In the process of opening an account, it is free. After the whole process of futures trading, only the transaction fee is charged.