What Account Types and Fees Does ZHONGHUI FUTURES Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Individual Account |
Beginners and experienced retail traders |
Low spreads, access to various trading instruments |
Requires identity verification and financial knowledge assessment |
| Institutional Account |
Corporate clients and institutional traders |
Customized services, higher trading limits, tailored investment solutions |
Requires corporate documentation and higher capital |
| Demo Account |
All traders for practice |
Risk-free trading environment, access to all platforms |
Suitable for testing trading strategies without real capital |
Account Opening Process
To open an account with ZHONGHUI FUTURES, prospective traders must follow a structured process. Initially, applicants are required to provide personal information, including name, contact details, and nationality. Following this, employment information and financial status must be submitted to assess trading capability. Additionally, identity verification documents such as a government-issued ID and proof of address are necessary to comply with regulatory requirements. It is important to note that traders can upgrade from an individual account to a professional account later, providing flexibility in account management.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for minor pairs |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Varies by stock volatility |
| CFDs (Commodities) |
0.2% |
$4 per lot |
Includes major commodities like gold and oil |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Additional costs associated with trading at ZHONGHUI FUTURES include deposit and withdrawal fees, which are typically waived, ensuring no additional handling fees for transactions. Inactivity fees may apply if accounts remain dormant for an extended period. Platform usage fees are not charged, allowing traders to access the trading environment freely. Overnight interest, known as swap rates, may be applicable on open positions held overnight, and currency conversion fees may apply for transactions in different currencies.
