Account opening requirements and exemptions for special futures such as crude oil

Regarding the formality of futures companies, there are a total of 149 futures companies in China.Many friends worry about whether the futures company they have opened an account with is legitimate. You can go to the official website of the China Securities Regulatory Commission to check the name of the futures company you have opened an account with. As long as you can find it, it is a regular futures company.

Actually, the conditions for opening a futures account are not high, and only a few special varieties require capital and other requirements.There is no capital threshold required to open a commodity futures account. Generally, commodity futures can meet the needs of most investors.Then listen to me tell you in detail.

1. Ordinary commodity futures account

At least 18 years old, ready to apply for a general commodity futures account when you have your ID card, bank card and handwritten signature photo ready.No geographical restrictions, no funding thresholds.It is recommended to open an account with a mobile phone, because the camera and recording functions are required, and a mobile phone can easily complete the entire account opening process.

1. Download the APP of the futures company on your mobile phone and click to open an account;

2. Follow the prompts to fill in basic personal information, upload ID card, bank card photos and other relevant information;

3. Start video verification with ID card;

4. Open a futures account after the official staff review and approval

5. Connect the bank and futures online through mobile banking or online banking. After the connection is successful, you can conduct transactions.

Second, special varieties of futures account

(1) Open a financial futures account if you have never opened a financial (stock index) futures account

1. Open an ordinary commodity futures account.

2. Complete more than 10 real futures transactions (or more than 20 financial simulation transactions for a total of 10 trading days).

3. Before applying for trading authority, keep the available funds in the futures account greater than 500,000 for five consecutive trading days.

4. Complete the basic knowledge test of futures online.

(2) Crude oil futures account opening

1. Put more than 500,000 yuan of available funds in your commodity account for 5 consecutive trading days (one week).

2. It is also 10 real commodity futures transactions (or more than 20 financial simulation transactions for a total of 10 trading days).

3. It is necessary to pass the futures suitability test, and all 20 questions are computer-based.

The following three situations can be exempted from the crude oil futures 500,000 capital threshold:

1. Prepare customers who have accumulated no less than 50 trading days in domestic trading venues in the past year for the transaction records of futures contracts or options contracts.

2. Investors who have opened crude oil futures or stock index futures in other futures companies.

3. Customers with 50ETF option trading authority.Important note: Investors who open stock index futures can directly open crude oil futures online!

(3) Account opening for other special varieties (iron ore, PTA, TSR 20, low-sulfur fuel oil, international copper, palm oil)

1. Put more than 100,000 yuan of available funds in your commodity account for 5 consecutive trading days (one week).

2. Complete more than 10 real futures transactions (or more than 20 financial simulation transactions for a total of 10 trading days).

3. To pass the futures suitability test, all 20 questions are computer-based.