What Account Types and Fees Does GUOSEN FUTURES Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Suitable for small-capital practice |
| Professional Account |
Experienced traders and institutions |
Higher leverage, tailored services |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients and institutions |
Custom solutions, multiple user access |
Requires corporate documentation |
| Islamic Account |
Traders needing swap-free conditions |
Compliant with Sharia law |
Not currently offered |
| Demo Account |
New traders or those testing strategies |
Practice trading without risk |
No demo accounts are available |
Account Opening Process
To open an account with GUOSEN FUTURES, follow these steps:
1. Submit Personal Information: Register on the futures internet account opening cloud system via mobile or computer, and fill in your personal details.
2. Employment and Financial Information: Provide your employment and financial background as part of the application process.
3. Identity Verification: Upload required documentation including a valid ID and proof of address.
4. Assessment: Complete an assessment relevant to your chosen account type.
5. Documentation: Sign the necessary documents and apply for the corresponding exchange access.
6. Account Flexibility: Note that you can upgrade to a professional account later if your trading volume increases.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| CFDs (Stock Indices) |
1.5 |
$5 per lot |
Competitive rates for major indices |
| CFDs (Commodities) |
2.0 |
$4 per lot |
Includes options for metals and energy |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Additional costs associated with trading at GUOSEN FUTURES include:
– Deposit/Withdrawal Fees: Standard bank transfer fees apply; check with your bank for specifics.
– Inactivity Fees: Applicable after a specified period of inactivity, typically charged monthly.
– Platform Usage Fees: None reported, offering free access to their trading platforms.
– Overnight Interest (Swap Rates): Charged for positions held overnight; rates vary by asset class.
– Currency Conversion Fees: Applicable for deposits and withdrawals in currencies other than RMB.
