What Account Types and Fees Does NanhuaFutures Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginner and experienced individual traders |
Low spreads, access to various markets |
Suitable for small-capital practice, no volume qualifications |
| Professional Account |
Advanced traders and institutional clients |
Higher leverage, customized services |
Requires trading volume qualifications, identity verification mandatory |
| Corporate Account |
Corporate clients and businesses |
Specialized services, account management features |
Corporate documentation required |
| Islamic Account |
Traders requiring a swap-free option |
Compliant with Sharia law, no overnight interest |
Must provide relevant documentation for eligibility |
| Demo Account |
New traders and those looking to practice |
Risk-free trading environment, access to all trading features |
No financial commitment required, time-limited access |
Account Opening Process
To open an account with NanhuaFutures, you need to follow these steps: First, submit your personal information, including your name, contact details, and date of birth. Next, provide employment information, which may include your occupation and employer details. Then, you will be required to submit financial information, such as your income and net worth. Identity verification is essential and involves providing a government-issued ID and proof of address, like a utility bill. The process is designed to ensure compliance with regulatory standards. Additionally, NanhuaFutures offers account flexibility, allowing you to upgrade to a professional account later, should your trading needs evolve.
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 rates for major pairs |
| CFDs (DAX 30) |
1.5 |
$5 per lot |
Standard fee structure |
| CFDs (Crude Oil) |
0.03 |
$7 per lot |
Market volatility can affect spreads |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, NanhuaFutures has several other costs to consider. There may be deposit and withdrawal fees, which vary based on the method used. Inactivity fees may apply if the account remains dormant for an extended period. Platform usage fees are not applicable, as access to trading platforms is typically included in the account setup. Overnight interest, also known as swap rates, may be charged on positions held overnight, particularly for accounts that are not Islamic. Additionally, currency conversion fees can apply when trading in a currency different from your account’s base currency.
