Futures is a smaller investment and wealth management product than stocks and funds, and many investors don't know much about futures. In particular, the specific account opening process and account opening threshold requirements. So where can I open a futures account? What are the specific ways to open an account? What should I pay attention to when opening an account?

Where to open the futures account?

Futures account is mainly conducted through futures companies. Investors need to choose a futures company and open an account through its online and offline channels.

1 Off-line account opening: Investors bring ID cards, bank cards and other related materials to the business department of the futures company to sign an account opening agreement and obtain a capital account in the futures company.

2. Online account opening: The investor logs into the mobile APP or official website of the futures company, completes the steps of identity authentication, information filling, risk assessment, video witness, password setting, online return visit and so on according to the system prompts, and submits an account opening application. After waiting for the trading day of 1-2, the futures company will send account information in the form of SMS to confirm the success of the account opening.

These are the main ways of futures account. Because the risk of futures trading is very suitable, investors must choose legal and formal futures companies to ensure the safety of funds. First, investors can check the official website members of China Futures Association to see whether the futures company is in the list of members of the association and whether there is relevant publicity. Secondly, they can log in to the national enterprise information formula system to inquire about the registration of futures companies.

(Source: China Futures Association official website)

At present, there are five futures exchanges in China, including China Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange, China Financial Futures Exchange and Shanghai International Energy Exchange. Investors cannot open an account directly through the exchange, but must open an account through a futures company. Therefore, investors must be cautious before opening an account, and must not be led by criminals to trade on the platform of illegal futures companies, which may cause huge economic losses.