What Account Types and Fees Does Guotai Junan Futures Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginner to intermediate traders |
Low minimum deposits, access to educational resources |
Ideal for small-capital practice and learning |
| Professional Account |
Experienced traders and institutions |
Higher leverage, reduced trading fees |
Requires proof of trading experience or volume |
| Corporate Account |
Corporate clients and institutions |
Customizable services, tailored support |
Requires corporate documentation and compliance |
| Islamic Account |
Traders adhering to Islamic finance principles |
Swap-free trading options |
Must provide necessary compliance documentation |
| Demo Account |
New traders and those testing strategies |
Risk-free environment, virtual funds for practice |
Available for a limited time; can be renewed |
Account Opening Process
To open an account with Guotai Junan Futures, potential clients must follow a structured process that includes submitting personal, employment, and financial information. Key steps involve:
1. Filling out the account application form.
2. Providing identity verification documents, such as a passport or ID card and proof of address (e.g., utility bills or bank statements).
3. Completing the necessary forms and possibly having them witnessed or certified.
4. The account will not be activated until the application is accepted by Guotai Junan.
Additionally, there is flexibility within account types, allowing clients to upgrade from a retail to a professional account later, should their trading experience and volume increase.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive spread |
| CFDs (Indices) |
1.5 |
$2.0 per lot |
Standard fees for major indices |
| CFDs (Commodities) |
2.0 |
$2.5 per lot |
Includes popular commodities like gold and oil |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Fees may vary with market volatility |
Other Fees
In addition to trading fees, clients should be aware of several other potential costs associated with their accounts:
– Deposit/Withdrawal Fees: There may be fees associated with transferring funds, especially for international transactions.
– Inactivity Fees: Accounts that remain inactive for an extended period may incur inactivity charges.
– Platform Usage Fees: Depending on the chosen trading platform, additional fees might apply.
– Overnight Interest (Swap Rates): Applicable for positions held overnight, which can vary based on the asset.
– Currency Conversion Fees: Fees may apply when dealing with multiple currencies or withdrawing in a currency different from the account’s base currency.
