1. Futures account opening fees
So let’s analyze the handling fee first. First of all, we need to know that the actual handling fee of the account = exchange handling fee + futures company commission. The exchange handling fee is similar to the stamp duty in stocks. This is fixed and unchanged and is the same for all companies, while the commission It is charged by the futures company, and the level of our transaction fees is also determined by this.
It can be seen from this that the lowest handling fee is naturally that the futures company does not charge commission. Some futures companies have done this before, but they were stopped and punished by the China Securities Regulatory Commission. Later, the exchange issued a policy stipulating that futures companies are not allowed to have a handling fee of +0 . For futures companies, if +0 is not allowed, it is okay to collect +1 points for symbolic meaning! Therefore, +1 point has become the lowest handling fee standard in the industry.
For example, on the exchange, sugar is 3 yuan, rubber is 3 yuan, and methanol is 2 yuan. The lowest handling fee of the futures company is: sugar is 3.01 yuan, rubber is 3.01 yuan, and methanol is 2.01 yuan.
Nowadays, most companies can adjust to the standard of adding one point, but you need to negotiate with the broker before opening an account. Never open an account directly on the official website of a futures company, or open an account through trading software such as Flush and Wenhua Finance, because there are The handling fees for opening an account will be relatively high, and you should not open an account directly at the counter of the futures company's sales department, as this will cause even higher handling fees.
Something else to note about handling fees is: some varieties close positions on a single side or halve it during the day. In order to increase revenue, some companies charge them on a bilateral basis. You can check it on the official website of the exchange.
2. Security deposit
Margin is the utilization rate of funds. In layman’s terms, it is the funds needed to make a first-hand transaction. The lower the margin, the less funds it will cost to make a first-hand transaction.
Margin calculation formula: Margin = contract price x trading unit x margin ratio
The margin is also composed of two parts: the exchange + the futures company. The minimum is the exchange margin, such as rebar. The exchange is 7%. Some companies default to twice the exchange, which is 14%. If the exchange price is 5,000, Margin calculation: 5000x10x7%=3500 yuan. If the margin is 14%, it will be 7000 yuan. A single transaction will cost twice as much money.
However, the lower the margin, the better. It depends on your own trading strategy. If you are a novice or an investor with poor risk control ability, it is recommended not to maximize the leverage. You can lower it after you have a stable trading system. Sooner or later, if the native trading strategy is loss-making, increasing the leverage will speed up death. Nowadays, many novices don’t even know what margin means. As soon as they open an account, they ask the futures company to adjust the exchange margin and maximize the leverage. Sometimes, If you make a mistake in one operation, your position will be liquidated directly; but if you are a mature day trader, you need to give full play to the advantages of leverage, and naturally the lower the better.