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What does a futures account mean?
Futures account refers to opening a trading account in a futures exchange and then trading futures products in six major domestic futures exchanges. Futures account is free, but there are different futures account terms according to different futures types.

(1) commodity futures

Commodity futures accounts have no capital restrictions, but if you want to open some special varieties of trading rights, such as iron ore and PTA, you need to have some special requirements.

First, you need to pass the examination of China Futures Association official website, with a score of 80 or above.

Second, capital verification is needed, reaching more than 654.38 million yuan.

If there are 50 trading days in the past year, the capital verification may be exempted.

(2) Stock index futures

Futures account, a stock index, is different from commodity futures in terms of capital and professionalism.

1. The amount of funds in the futures account shall not be less than 500,000 yuan. (The balance of the futures account at the end of five consecutive trading days before the application is more than 500,000 yuan)

Second, through the relevant tests of the basic knowledge of futures, I got more than 80 points.

Third, there are more than 20 stock index futures simulation trading records, or 10 commodity futures trading records.

Fourth, there is no serious bad credit record.

Fifth, through the suitability evaluation of financial futures investors.