What are the conditions for opening an account at Dalian Commodity Futures Exchange?

1. Market entry and trading qualifications that comply with national laws, regulations and policies; (must be nationals of the People's Republic of China and Hong Kong, Macao and Taiwan compatriots are temporarily unable to trade domestic futures)

2 , have the necessary funds or assets to engage in trading (the minimum entry capital for trading stock index futures is 500,000, and for traders of Baipin futures, the minimum account opening capital is 10,000);

3. The account opener and the transaction executor must Be over 18 years old and have full capacity for civil conduct.

Natural person customers need to prepare

1. The original ID card of the account holder;

2. The debit card for opening an account in his/her real name (ICBC, Agricultural Bank of China, China Construction Bank, Bank of China) , Bank of Communications).

Legal clients need to prepare

1. An original copy of the "Enterprise Legal Person Business License" that is valid for annual inspection;

2. "Organization Code Certificate" that is valid for annual inspection Original copy;

3. Original "Tax Registration Certificate";

4. Institutional account opening license or real-name settlement account opening certificate (ICBC, Agricultural Bank of China, China Construction Bank, Bank of China, Bank of Communications);

5. Original ID card of the legal representative, account-opening agent, person placing transaction orders, fund allocator, and person confirming the settlement statement;

6. Official seal of the company, legal representative Name seal (except when the legal representative opens an account in person);

7. Authorization letter of futures trading agent.

Documents or information that customers must provide when opening a futures account:

1. Account opening by a natural person (ordinary investors): original ID card and bank card; the account holder must open an account on site.

2. Legal person account opening (institutional investor): a copy of the "Enterprise Business License" of the account opening unit, the ID card of the legal representative, the person who issued the order, and the fund allocator and the "Tax Registration Certificate". Futures are not primarily goods, but standardized tradable contracts based on certain bulk products such as cotton, soybeans, oil, etc. and financial assets such as stocks, bonds, etc. Therefore, the subject matter can be a certain commodity (such as gold, crude oil, agricultural products) or a financial instrument.

How to identify illegal futures trading or disguised futures trading

First of all, from a definition point of view, Article 89 of the "Regulations on the Administration of Futures Trading" clearly stipulates: "Any institution or market without With the approval of the Futures Regulatory Authority of the State Council, centralized trading is used to conduct standardized contract transactions, and the following trading mechanisms are used at the same time or have one of the following trading mechanism characteristics, which is a disguised futures transaction:

(1) Participating in concentration All buyers and sellers of the transaction provide performance guarantees;

(2) Implement a same-day liability-free settlement system and a margin system, and the margin collection ratio is less than 20% of the contract (or contract) target amount. "Secondly, From the perspective of centralized trading venues, the futures trading venues approved by the Futures Regulatory Authority of the State Council in my country include the Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange and China Financial Futures Exchange.

Among them, the first three exchanges are places engaged in commodity futures trading, while the China Financial Futures Exchange is a place specializing in financial futures trading. Other centralized trading venues are illegal trading venues because they have not been approved by the Futures Supervision and Administration Department of the State Council. Any centralized trading that is not conducted on the above four approved futures exchanges is illegal trading.