At present, there are 149 futures companies in China. As for which company is better, which company has the lowest commission margin? Every investor has a different view. Different customers of the same company have different services and handling fees. So how to choose a futures company? Here is a summary of the following points for your reference:
The handling fee and margin directly determine the transaction cost and the capital utilization rate, which is the primary reference standard.
At present, the lowest handling fee in the market is the exchange + 1 point, and the lowest margin is the exchange standard. Some novices don’t understand what this means. Let’s do a popular science: the
actual handling fee of futures trading = exchange handling fee + futures company commission , the exchange fee is uniform and fixed and cannot be adjusted, while the commission is charged by the futures company and can be adjusted, as well as the margin.
The exchange stipulates for futures companies: the highest handling fee cannot exceed 5 times that of the exchange, and the lowest cannot be +0. In order to avoid the policy, the futures company adopts the strategy of +1 points, which has become the lowest handling fee in the industry. For example, crude oil exchange is 20 yuan per lot, apples are 5 yuan, and methanol is 2 yuan. The minimum price of futures companies is 20.01 yuan for crude oil, 5.01 yuan for apples, and 2.01 yuan for methanol. The same is true for other varieties.
The exchange has no regulations on the margin, so futures companies can give customers +0, but reducing the margin is to increase leverage. Novices should not adjust blindly, it depends on their own trading system.
I have come into contact with many investors whose handling fee is more than twice that of the exchange, five or six times. It is really too difficult to make money in this way. In the end, it is often lost in the handling fee. The handling fees vary greatly between them, except for the capital relationship. The most important points are the following:
1. Open an account through some trading software, such as Tong H Shun, Wen H Finance, Dong F Fortune, etc. These software are related to each futures company After signing the contract, the account opening fee is relatively
high. 2. Some companies guide transactions through groups. Months exceeded the principal.
Before opening an account, you must discuss the handling fee with the broker of the futures company in advance before opening an account, otherwise the handling fee will be very high no matter where you open it.
Some futures exchanges do not charge handling fees for intraday position closing, but some futures companies also charge bilaterally, so you must pay attention when trading; some exchanges set different handling fees according to different contracts. The contract fee is several times higher. This is because the exchange encourages investors to do non-main contracts, so that each contract has a trading volume, and these must be paid attention to.