Conditions for opening a special commodity futures account (special commodity futures include: iron ore, palm oil, PTA, TSR20, low-sulfur fuel oil, international copper, commodity options) 1. Capital verification: funds available in the futures account 5 trading days before applying for account
opening 100,000
2. Transaction records: 10 real futures transaction records in the past three years, or more than 20 financial futures simulation transaction transaction records for a total of 10 trading
days Points, unlimited number of exams
If you have accumulated no less than 50 trading days of futures trading records in the past year, in this case, you don't need 100,000 capital verification, no exams, and you can directly open the above-mentioned futures trading permissions.
With the trading authority of my country's stock option 50ETF, or the trading authority of financial futures (stock index futures and government bonds), in this case, no capital verification of 100,000, no examination, no transaction records are required, and the special commodity futures trading authority can be directly opened.
Based on the above, the stock index futures and treasury bond futures of CFFEX must have a capital threshold of 500,000 yuan, which cannot be exempted. For crude oil in the energy center, you can open an account with 500,000 yuan. If you don’t have 500,000 yuan, you can open an account with 50 trading days’ trading records. Special commodity futures, iron ore, palm oil, PTA, No. 20 rubber, low-sulfur fuel oil, international copper, and commodity options can be opened with 100,000 funds. Without 100,000 funds, you can also use 50 trading days of transaction records This condition is exempted from capital verification and direct account opening.
Generally speaking, although the procedures and required documents for each futures brokerage company member to open an account for the client are not the same, the basic procedure is the same.
Risk disclosure
Clients entrusting a futures brokerage company to engage in futures trading must register with the futures brokerage company in advance. When a futures brokerage company accepts a client's application for opening an account, it must provide the client with the "Futures Trading Risk Statement". Individual clients should sign the "Futures Trading Risk Statement" after careful reading and understanding; institutional clients should sign on the "Futures Trading Risk Statement" after careful reading and understanding; Affix the official seal of the unit