First, the handling fee and margin directly determine the transaction cost and capital utilization rate, and are the primary reference standards.
At present, the lowest handling fee on the market is exchange+1, and the lowest margin is exchange standard. Some beginners don't understand what this means. Here is a popular science:
Actual handling fee of futures trading = exchange handling fee+commission of futures company. The handling fee of the exchange is uniform and fixed and cannot be adjusted, while the commission is charged by the futures company and can be adjusted, and so is the deposit.
The exchange stipulates that the maximum handling fee shall not exceed 5 times of the exchange and the minimum shall not exceed +0. In order to avoid the policy, futures companies adopted the strategy of+1, which became the lowest commission in the industry. For example, crude oil exchange 20 yuan, Apple 5 yuan, methanol 2 yuan, futures companies have the lowest crude oil 20.0 1 yuan, apple 5.0 1 yuan, methanol 2.0 1 yuan, and other varieties are the same.
The exchange does not stipulate the margin, and the futures company can give customers +0, but lowering the margin means increasing leverage. Novices should never blindly adjust, but should look at their own trading system.
I have contacted many investors, and their handling fees are more than twice that of the exchange, and more than five or six times that of the exchange. It's really hard to make money like this. In the end, it is often lost in fees. The charges of customers in the same company vary greatly, except for the most important points of capital relationship:
1. Open an account through some trading software, such as Tongshun, Wenfu, Dongfu Wealth, etc. These softwares are all signed with various futures companies, and the account opening fee is relatively high.
2. Some companies deal directly through groups. This kind of handling fee is very high, all for brushing the handling fee. I have met too many such customers, and the handling fee exceeded the principal in three months.
Before opening an account, you must talk to the broker of the futures company about the handling fee before opening an account, otherwise the handling fee will be high no matter where you open an account.
Some varieties of intra-day clearing exchanges do not charge fees, but some futures companies also charge them bilaterally, so we must pay attention to them when trading; There are also some kinds of exchanges that set different fees according to different contracts. For example, the fees for major contracts will be several times higher than those for non-major contracts. This is because the exchange encourages investors to make non-main contracts, so that each contract has a trading volume, which should be noted.
An updated fee form is attached below.
Two, to determine the handling fee depends on whether the futures company is in compliance.
Some illegal fishing companies will cheat investors at low cost, so it is necessary to judge whether the company is formal or not. Here are three simplest inspection methods:
1. Check the name of the futures company in official website. Directory of Futures Companies of China Securities Regulatory Commission
2. See if the account opening software is a futures account cloud, which is an account opening system developed by the margin monitoring center. All regular futures companies can only open accounts through the futures account cloud.
The first step is to choose a futures company. Every regular futures company has a code. You can enter the code of which company you want to open.
3. Don't save money after opening an account, and see if you can log in to regular futures trading software, such as Wenhua Finance and Master Boyi.
Third, see if the broker who serves you is professional and reliable.
The service that customers get when they open accounts in futures companies is mainly reflected in brokers. If the broker is professional and responsible and can handle your problems well, you will feel that this company is better. Moreover, the transaction fee and margin also need to be adjusted by your broker, and any problems that may arise in future transactions need to be handled by your broker.
For beginners, try to find a long and experienced agent. Futures is a high-risk investment. Some professionals give you some advice, which will make you more familiar with the futures market, save you a lot of detours, save a lot of money, and avoid the embarrassing situation that someone will serve you when you open an account, but you will not find anyone for a while.
Fourth, finally, look at the comprehensive strength of futures companies.
The CSRC comprehensively ranks futures companies' custody assets, profitability, risk control and other factors. The highest level is AA and the lowest level is D. This ranking changes every year. Under the same conditions, try to choose a company above grade B to open an account.
Secondly, trading software should choose complete companies, such as Wenhua, Boyi, Yisheng, Straight Flush, etc., which is more convenient to use; In order to make customers depend on the company, some companies stipulate that they must use their own software to conduct transactions.
Finally, let's look at the trading system. At present, the mainstream trading systems are JSD and Hang Seng CTP. Most futures companies belong to state-owned financial institutions, and their hardware facilities are not much different, so they can generally be used.
To sum up, futures account has no threshold and is free. The best way to open an account is through the futures account cloud. If you choose a futures company, find the handling fee+1, and the margin can be adjusted to the exchange standard. Brokers should try to find professional leaders with long working hours, strong comprehensive strength of futures companies and perfect hardware facilities.
Futures account prompt:
1. New investors: It is recommended to simulate trading first, be familiar with trading rules, find appropriate operation methods, and then firm trading.
2. Investors who want to change companies: Just open a new account directly. There is no need to eliminate the previously opened account or change the bank card, which will not affect the transaction of the previous account. (One person can open multiple futures company accounts at the same time)