1. How many orders are there？What are the differences between them?
Order types include Market Order, Limit Order, Stop order and Stop Limit Order
The difference shows below：
Market Order is usually made through a broker or broker service agent to buy or sell a future at the best available price in the current market.
*HKEX and LME do not support Market Order.
Limit Order is an order placed with a brokerage to execute a buy or sell transaction at a set number of futures and at a specified limit price or better. Because a limit order is not a market order, it may not be executed if the price set by the investor cannot be met during the period of time in which the order is left open.
Stop Order is an order to buy or sell a security when its price moves past a particular point, ensuring a higher probability of achieving a predetermined entry or exit price, limiting the investor’s loss or locking in a profit. Once the price crosses the predefined entry/exit point, the stop order becomes a market order.
* HKEX and LME do not support Stop Order.
Stop Limit Order is a conditional trade over a set timeframe that combines the features of stop with those of a limit order and is used to mitigate risk. This type of order is an available option with nearly all online brokers. The stop limit order will be executed at a specified price, or better, after a given stop price has been reached. Once the stop price is reached, the stop limit order becomes a limit order to buy or sell at the limit price or better.
2. What is the difference between initial margin and maintenance margin？
Initial margin is the amount that a client must deposit to initiate a trading position.
Maintenance margin is the fund that a client must maintain in his account in order to keep his desire trading position activated. Our company will call for margin if the account falls below a specified maintenance margin level. Clients have to deposit sufficient funds into the required account in a timely manner. Otherwise, he will risk losing the market position.
3. How does COFCO Futures (International) facilitate trading across different currencies and different products？
COFCO Futures (International) have multi-currencies accounts and client trading accounts(multi-currencies) to fulfill clients’ needs.
4. When does daylight saving time start and end?
Asia countries do not observe the daylight-saving time system.
For European countries, summer time starts on the last Sunday in March and ends on the last Sunday in October.
In the U.S.A, daylight saving time starts on the second Sunday in March and ends on the first Sunday in November.
5. What is the lever of futures?
Lever=1/margin level
Notice: margin level is a dynamic data; thus, the lever is also dynamic data. COFCO Futures (International) will update the latest margin level in a timely manner.
6. How many channels are there for futures dealing？
Telephone: A 24-hour hotline is available at +852 2833 0560 for clients to place orders and enquire share information.
Online: A e-Trading platform is available on our website for client to trade, view market quotes and enquire his account details. Clients can also download a trading software from our website which serves the same purposes.
