But this is not the case. Futures is a very common financial product, which is easy to contact. Now, let's understand what conditions are needed to open a futures account.
Non-futures company employees
According to the convention, securities practitioners are prohibited from buying and selling stocks, and futures practitioners are also prohibited from doing futures trading. Age meets the requirements
The futures account holder shall be 18 years old and have full capacity. Can provide valid identification.
You need to open an account with your ID card and bank card. You can apply for opening an account online or offline.
You can apply for opening an account at any futures company's online official website, APP and offline outlets. It's that simple. You are not mistaken. Opening an account requires no capital and is completely free.
Many friends will ask, "Don't you need 500,000 yuan for a futures account?" Yes, 500,000 yuan is needed, but only in some cases.
First of all, it should be clear that when I first opened a futures account, I didn't have any capital requirements and wanted to do futures trading, even if there were only a few thousand dollars in the account.
But when we need to open some futures trading rights, there will be certain capital requirements. For example, the authority of stock index futures, or when we open a crude oil futures account, we need to verify the capital, which means that at this time, our assets need to reach more than 500 thousand before we can successfully open the corresponding authority.
It can be understood as opening an account for stock trading. When we open a stock account in a securities company, we don't need any assets. However, if you apply for opening other permissions, such as GEM trading and Shanghai-Hong Kong Stock Connect trading, you need the customer's assets to meet the standards.
In other words, the conditions of a futures account are very simple. If you need to add some trading rights to your account, you need to have a certain level of assets.
Finally, I'll give you some advice about futures:
The essence of futures is to hedge risks, not to speculate. Because of the leverage, futures not only amplify the income, but also amplify the risk. Pay attention to identify regular futures companies and don't be confused by low handling fees. Futures trading is a little more difficult than stock trading, and you can do it after you are familiar with the simulation disk.