Risk Disclosure You will read a "Futures Risk Disclosure" (the risk disclosure is standardized and unified across the country). When a futures brokerage company accepts an application for opening a customer or cargo account, it is required to provide the customer with a "Futures Trading Risk Disclosure Statement". Individual customers should sign the "Futures Trading Risk Statement" after carefully reading and understanding it; after customers carefully read and understand it, the legal representative of the unit should sign the "Futures Trading Risk Statement" and stamp it with the official seal of the unit. .
Sign the contract: Sign a commissioned transaction agreement with the futures brokerage company. The agreement clearly stipulates the rights and obligations between the futures brokerage company and the customer. Individual customers should sign the contract, and corporate customers should have their legal representative sign the contract and stamp it with their official seal. When opening an individual account, you should provide your ID card and keep your seal or signature sample card. To open an account, the unit should provide a photocopy of the "Enterprise Legal Person Business License", and provide written materials and legal documents such as the name and contact number of the legal representative and the executor of the unit's futures trading business, the seal of the unit and its legal representative or person in charge of the unit, etc. A written authorization letter from the representative authorizing the executor of the futures trading business.
Applying for a code: The exchange implements a customer transaction code registration and filing system. When opening an account, customers should fill in the "Futures Trading Registration Form" and fill in some of your basic information on the form. This form will be submitted by the brokerage firm to the exchange to create a unique futures trading code, also called a trading number, for you. One code per household, dedicated code only, no mixed code transactions allowed. When a futures brokerage company cancels a client's trading code, it must file a record with the exchange.
Trading margin After completing the above procedures, the futures brokerage company will prepare a futures trading account for you, fill out the "account card" and give it to you. In this way, the account opening work is completed. After the customer signs a futures brokerage contract with a futures brokerage company, he or she must pay an account opening deposit in accordance with regulations. Futures brokerage companies should deposit the margin paid by customers into the customer account specified in the futures brokerage contract for customers to conduct futures transactions. The margin collected by a futures brokerage company from a customer belongs to the customer; futures brokerage companies are strictly prohibited from misappropriating it for other purposes except depositing margin for customers with the futures exchange for transaction settlement in accordance with the provisions of the China Securities Regulatory Commission.