What Account Types and Fees Does Qian Kun Futures Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Access to various futures markets and low entry barriers |
Suitable for traders starting with limited capital |
| Professional Account |
Experienced traders and institutions |
Higher leverage options and reduced spreads |
Requires proof of trading experience and higher trading volume |
| Corporate Account |
Corporate clients and businesses |
Customized trading solutions and dedicated support |
Requires corporate documentation and verification |
| Islamic Account |
Traders seeking a swap-free option |
Compliance with Sharia law, no swap fees |
Available upon request and requires verification of eligibility |
| Demo Account |
Traders wanting to practice |
Simulation of live trading conditions |
Not available at Qian Kun Futures |
Account Opening Process
To open an account with Qian Kun Futures, prospective clients must complete several steps. Initially, users need to submit personal information, including their name, contact details, and date of birth. Next, employment information must be provided, detailing current occupation and employer’s name. Financial information is also required, such as income and net worth. Identity verification is a crucial part of the process, necessitating the submission of a government-issued ID and proof of address, such as a utility bill. After the initial application, clients may upgrade their accounts, for instance, from a retail to a professional account, as 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 spreads for minors |
| CFDs (Stock Index) |
1.5 |
$2 per lot |
Standard rates for index CFDs |
| CFDs (Commodities) |
2.0 |
$2 per lot |
Varies based on market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
In addition to trading fees, Qian Kun Futures has several other costs that traders should consider. Deposit and withdrawal via bank wire do not incur any fees. However, traders should be aware of inactivity fees that may apply if accounts remain dormant for an extended period. There are no platform usage fees mentioned. Overnight interest, or swap rates, may apply depending on the positions held overnight, and currency conversion fees may be applicable for accounts using different currencies.
