{"id":27148,"date":"2020-06-08T08:30:39","date_gmt":"2020-06-08T08:30:39","guid":{"rendered":"https:\/\/www.zfx.com\/?post_type=academy&p=27148"},"modified":"2020-09-17T10:57:06","modified_gmt":"2020-09-17T10:57:06","slug":"cfd%e4%ba%a4%e6%98%93-%e4%bf%9d%e8%ad%89%e9%87%91%e4%ba%a4%e6%98%93-%e9%a2%a8%e9%9a%aa-%e7%ae%a1%e7%90%86","status":"publish","type":"academy","link":"https:\/\/www.zfx.com\/zh-hant\/academy\/cfd%e4%ba%a4%e6%98%93-%e4%bf%9d%e8%ad%89%e9%87%91%e4%ba%a4%e6%98%93-%e9%a2%a8%e9%9a%aa-%e7%ae%a1%e7%90%86\/","title":{"rendered":"\u8667\u640d\u591a\u65bc\u7372\u5229\uff1fCFD \u4ea4\u6613\/\u4fdd\u8b49\u91d1\u4ea4\u6613\u7684\u5169\u5927\u6295\u8cc7\u98a8\u96aa"},"content":{"rendered":"

CFD (\u5dee\u50f9\u5408\u7d04) \u70ba\u4e16\u4e0a\u6700\u71b1\u9580\u7684\u4ea4\u6613\u7522\u54c1\u4e4b\u4e00\uff0c\u56e0\u5176\u9ad8\u69d3\u687f\u800c\u6709\u8457\u4ee4\u4eba\u8da8\u4e4b\u82e5\u9a16\u7684\u76c8\u5229\u80fd\u529b\uff0c\u4f46\u6240\u8b02\u300c\u5bcc\u8cb4\u96aa\u4e2d\u6c42\u300d\uff0c\u5176\u98a8\u96aa\u4e5f\u6bcf\u6bcf\u4ee4\u65b0\u6649\u6295\u8cc7\u8005\u70ba\u4e4b\u537b\u6b65\u3002<\/p>\n

\u5728\u6b50\u6d32\u8b49\u5238\u53ca\u5e02\u5834\u7ba1\u7406\u5c40(ESMA<\/a>)\u7ba1\u7406\u4e0b\u7684\u5dee\u50f9\u5408\u7d04\u4ea4\u6613\u5546\uff0c\u4ed6\u5011\u5fc5\u9808\u516c\u5e03\u5176\u4ea4\u6613\u5ba2\u6236\u76c8\u8667\u7684\u6bd4\u7387\u3002\u8cc7\u6599\u986f\u793a\uff0c2018\u5e74\u7d71\u8a08\u5f97\u51fa\u7684\u5747\u503c\u662f76%<\/strong>\u5e33\u6236\u8667\u640d<\/strong>\uff0c24%<\/strong>\u5e33\u6236\u7372\u5229<\/strong>\u3002<\/p>\n

\u70ba\u4ec0\u9ebc\u6703\u8667\u640d\uff1f\u5e02\u5834\u98a8\u96aa\u7121\u6cd5\u9810\u6599\u7576\u7136\u662f\u5176\u4e2d\u4e4b\u4e00\u74b0\uff0c\u4f46\u5ba2\u6236\u4e0d\u6e05\u695a\u81ea\u5df1\u7a76\u7adf\u662f\u8cb7\u8ce3\u591a\u5927\u50f9\u503c\u7684\u5408\u7d04\uff0c\u751a\u81f3\u672a\u4e86\u89e3\u4e00\u4e9b\u7522\u54c1\u7684\u6ce2\u52d5\u6027\uff0c\u4ea6\u662f\u4e0d\u5bb9\u5ffd\u8996\u7684\u539f\u56e0\u3002\u80e1\u88e1\u80e1\u5857\u7684\u8d70\u9032\u91d1\u878d\u5e02\u5834\uff0c\u8667\u672c\u4e5f\u662f\u5341\u5e38\u516b\u4e5d\u3002\u5c31\u8b93ZFX<\/a>\u70ba\u4f60\u89e3\u69cb\u7b87\u4e2d\u98a8\u96aa\uff0c\u53ea\u6709\u660e\u767d\u6e05\u695a\u81ea\u5df1\u7684\u672c\u91d1\u662f\u6295\u5728\u4ec0\u9ebc\u7684\u7522\u54c1\u4e0a\uff0c\u624d\u80fd\u6b63\u78ba\u5730\u8861\u91cf\u98a8\u96aa\uff0c\u5236\u5b9a\u9069\u5408\u81ea\u5df1\u7684\u98a8\u96aa\u7ba1\u7406\u8a08\u5283\u3002<\/p>\n

<\/p>\n

\u98a8\u96aa\u4e00\uff1a\u69d3\u687f\u6295\u8cc7\u5e36\u4f86\u8c50\u539a\u5229\u6f64\uff1f\u904e\u5ea6\u69d3\u687f\u5e36\u4f86\u7684\u5371\u96aa<\/strong><\/span><\/h3>\n

\u4f7f\u7528\u69d3\u687f\u9032\u884c\u4ea4\u6613\u662fCFD\u4ea4\u6613\u7684\u4e3b\u8981\u7279\u6027\uff0c\u4ea6\u662f\u6295\u8cc7\u8005\u53ef\u5229\u7528\u7684\u5f37\u5927\u5de5\u5177\u3002\u4f60\u53ef\u4ee5\u900f\u904e\u69d3\u687f\u6295\u8cc7\u7784\u6e96\u50f9\u683c\u8b8a\u52d5\uff0c\u5373\u4f7f\u662f\u5c0f\u5e45\u6ce2\u52d5\u4ea6\u80fd\u9054\u81f4\u53ef\u89c0\u5229\u6f64\u3002\u69d3\u687f\u6295\u8cc7\u53ea\u8981\u6c42\u6295\u8cc7\u8005\u6295\u5165\u4e00\u90e8\u4efd\u4fdd\u8b49\u91d1\u5efa\u7acb\u5009\u4f4d\uff0c\u800c\u4e00\u822c\u4f86\u8aaa\u53ea\u662f\u6574\u500b\u5009\u4f4d\u7e3d\u503c\u76841%-5%\u4e0d\u7b49\uff0c\u751a\u81f3\u66f4\u4f4e\u3002\u5009\u4f4d\u7e3d\u503c\u8207\u4fdd\u8b49\u91d1\u7684\u6bd4\u4f8b\uff0c\u7a31\u70ba\u300c\u69d3\u687f\u6bd4\u7387\u300d\u3002<\/p>\n

\u69d3\u687f\u6295\u8cc7\u5982\u4f55\u653e\u5927\u4f60\u7684\u76c8\u5229\/\u8667\u640d\uff1f\u4f8b\u5982\u6295\u51651,000\u7f8e\u5143\u672c\u91d1\uff0c\u8cb7\u5165\u50f9\u503c1,000\u7f8e\u5143\u7684\u4ea4\u6613\u7522\u54c1\uff0c\u5982\u67d0\u516c\u53f8\u7684\u80a1\u7968\uff0c\u9019\u88e1\u662f\u6c92\u6709\u4f7f\u7528\u5230\u4efb\u4f55\u7684\u69d3\u687f\u3002\u5982\u679c\u8a72\u516c\u53f8\u7684\u80a1\u50f9\u4e0a\u6f32\u4e86 200\u7f8e\u5143\uff0c\u4f60\u6703\u770b\u5230\u4f60\u662f\u8cfa200\u7f8e\u5143\u3002\u5982\u679c\u4f60\u5728\u9019\u6642\u5019\u5e73\u5009\u96e2\u5834\uff0c\u4fbf\u53ef\u901a\u904e\u958b\u59cb\u7684 1,000 \u7f8e\u5143\u7372\u5f97 200 \u7f8e\u5143\u7684\u5229\u6f64\uff0c\u5373\u56de\u5831\u7387\u662f\u4f60\u672c\u91d1\u768420%\u3002\u4f46\u662f\uff0c\u82e5\u5e02\u5834\u5411\u53e6\u4e00\u500b\u65b9\u5411\u8b8a\u5316\uff0c\u80a1\u50f9\u4e0b\u8dcc\u4e86200\u7f8e\u5143\uff0c\u4f60\u4e5f\u5c07\u6703\u662f\u640d\u5931 200 \u7f8e\u5143\u3002<\/p>\n

\u7576\u4f60\u5229\u7528\u69d3\u687f\u9032\u884c\u4ea4\u6613\uff0c\u53ea\u662f\u6295\u5165\u4fdd\u8b49\u91d1\uff0c\u5982\u8981\u6c42\u70ba10%\uff0c\u5373\u6295\u8cc7\u8005\u53ea\u9700\u652f\u4ed8 1000 \u7f8e\u5143\u7684 10%\uff0c 100 \u7f8e\u5143\u5373\u53ef\u958b\u7acb\u5009\u4f4d\u3002\u5982\u8a72\u516c\u53f8\u7684\u80a1\u50f9\u53ea\u5347100\u7f8e\u5143\uff0c\u4f60\u5df2\u53ef\u8cfa\u5229\u6f64100 \u7f8e\u5143\uff0c\u4f46\u56de\u5831\u7387\u5247\u70ba\u4f60\u672c\u91d1\u7684100%\u4e86\u3002\u4f46\u7576\u7136\uff0c\u82e5\u5e02\u5834\u5411\u53e6\u4e00\u500b\u65b9\u5411\u8b8a\u5316\uff0c\u8a72\u7522\u54c1\u7684\u50f9\u503c\u4e0b\u8dcc\u4e86100\u7f8e\u5143\uff0c\u4f60\u4e5f\u5c07\u6703\u640d\u5931100 \u7f8e\u5143\uff0c\u4f46\u5df2\u662f\u4f60\u4fdd\u8b49\u91d1\u7684\u5168\u90e8\u3002(\u7576\u4fdd\u8b49\u91d1\u4e0d\u8db3\u4ee5\u62b5\u92b7\u4e00\u5b9a\u6c34\u5e73\u7684\u640d\u5931\uff0c\u5c07\u6703\u51fa\u73fe\u5f37\u5236\u5e73\u5009\u96e2\u5834\uff09<\/p>\n

\u6240\u4ee5\uff0c\u6295\u8cc7\u8005\u5fc5\u9808\u8a8d\u6e05\u81ea\u5df1\u8cfc\u8cb7\u7684\u7522\u54c1\u7e3d\u503c\u662f\u591a\u5927\uff0c\u5343\u842c\u4e0d\u8981\u56e0\u69d3\u687f\u6295\u8cc7\u5e36\u4f86\u7684\u4e00\u6642\u932f\u89ba\uff0c\u800c\u8aa4\u628a\u81ea\u5df1\u7684\u53ef\u627f\u64d4\u98a8\u96aa\u5ffd\u8996\u4e86\u3002<\/p>\n

\u5ef6\u4f38\u95b1\u8b80<\/strong>\uff1aCFD (\u5dee\u50f9\u5408\u7d04) \u662f\u4ec0\u9ebc\uff1fCFD \u904b\u4f5c\u539f\u7406, \u4ea4\u6613\u6210\u672c, \u5546\u54c1\u7a2e\u985e\u5168\u4ecb\u7d39<\/a><\/strong><\/span><\/p>\n

\u98a8\u96aa\u4e8c\uff1a\u4ea4\u6613\u5e73\u53f0\u7f3a\u4e4f\u76e3\u7ba1<\/strong><\/span><\/h3>\n

\u5728\u91d1\u878d\u670d\u52d9\u9818\u57df\u88e1\uff0c\u63d0\u4f9b\u5dee\u50f9\u5408\u7d04\u7684\u4ea4\u6613\u5546\u53ef\u8b02\u4e94\u82b1\u516b\u9580\uff0c\u4e00\u65e6\u9078\u64c7\u4e86\u5dee\u52a3\u7684\u4ea4\u6613\u5546\u53ef\u80fd\u6703\u69cb\u6210\u984d\u5916\u7684\u6295\u8cc7\u98a8\u96aa\uff0c \u4f8b\u5982\u8cc7\u91d1\u5b89\u5168\u3001\u5831\u50f9\u932f\u8aa4\u3001\u6d41\u52d5\u6027\u4e0d\u8db3\u7b49\u554f\u984c\u3002 \u7f3a\u4e4f\u76e3\u7ba1\u7684\u4ea4\u6613\u5546\u5728\u4e2d\u570b\u5927\u9678\u5c62\u898b\u4e0d\u9bae\uff0c\u5e38\u5e38\u6703\u807d\u5230\u4e00\u4e9b\u975e\u6cd5\u6216\u662f\u53ea\u6210\u7acb\u4e86\u4e00\u5169\u5e74\u7684\u4ea4\u6613\u5546\uff0c\u5305\u88dd\u5f97\u7f8e\u8f2a\u7f8e\u5950\u3002\u4f46\u539f\u4f86\u83ef\u9e97\u5916\u8868\u7684\u80cc\u5f8c\uff0c\u537b\u662f\u7f3a\u4e4f\u76e3\u7ba1\u7684\u300c\u9ed1\u5e73\u53f0\u300d\u3002<\/p>\n

\u6311\u9078\u826f\u597d\u7684\u4ea4\u6613\u5546\uff0c\u5ba2\u89c0\u689d\u4ef6\u6700\u91cd\u8981\u7684\u5c31\u662f\u5b89\u5168\u3002\u56e0\u6b64\uff0c\u7cbe\u660e\u7684\u6295\u8cc7\u8005\u61c9\u5be9\u8996\u4ea4\u6613\u5546\u662f\u5426\u6301\u6709\u6700\u503c\u5f97\u4fe1\u8cf4\u7684\u76e3\u7ba1\u724c\u7167\u3002<\/p>\n

\u76ee\u524d\u5168\u7403\u6700\u5927\u3001\u6700\u56b4\u683c\u3001\u6700\u5b8c\u6574\u7684\u76e3\u7ba1\u6a5f\u69cb\u6709\u5e7e\u5bb6\uff1a<\/p>\n

    \n
  1. \u82f1\u570b\u91d1\u878d\u5e02\u5834\u884c\u70ba\u76e3\u7ba1\u5c40(FCA)<\/li>\n
  2. \u6fb3\u5927\u5229\u4e9e\u8b49\u5238\u8207\u6295\u8cc7\u59d4\u54e1\u6703(ASIC)<\/li>\n
  3. \u7f8e\u570b\u5546\u54c1\u671f\u8ca8\u4ea4\u6613\u59d4\u54e1\u6703(CFTC) [\u53ea\u5c0d\u7f8e\u570b\u672c\u571f\u4ea4\u6613\u5546\u958b\u653e]<\/li>\n
  4. \u6b50\u76df\u91d1\u878d\u5de5\u5177\u5e02\u5834\u7ba1\u7406(MiFID)<\/li>\n<\/ol>\n

    \u76e3\u7ba1\u6a5f\u69cb\u9664\u4e86\u8ca0\u8cac\u767c\u724c\u4e88\u6b63\u898f\u7684\u4ea4\u6613\u5546\u4e4b\u5916\uff0c\u90e8\u5206\u66f4\u5177\u6709\u57f7\u6cd5\u6b0a\uff0c\u4ee5FCA\u70ba\u4f8b\uff0c\u5b83\u53ef\u4ee5\u5c0d\u9055\u898f\u6210\u54e1\u6536\u56de\u6388\u6b0a\u3001\u8981\u6c42\u7f70\u6b3e\u3001\u751a\u81f3\u8981\u6c42\u7db2\u8def\u5546\u95dc\u9589\u5176\u7db2\u7ad9\u3002<\/p>\n

    ZFX<\/u><\/strong>\u6b63\u6b63\u662f\u4e00\u5bb6\u53d7\u5230FCA\u76e3\u7ba1\u7684\u6301\u724c\u4ea4\u6613\u5546\uff0c\u5728\u98a8\u96aa\u7ba1\u7406\u3001\u516c\u53f8\u8ca1\u52d9\u5b89\u5168\u898f\u7bc4\u3001\u9632\u7bc4\u91d1\u878d\u72af\u7f6a\u3001\u8cc7\u8a0a\u900f\u660e\u5ea6\u3001\u5ee3\u544a\u898f\u7bc4\u7b49\u65b9\u9762\u90fd\u53d7\u5230\u56b4\u683c\u76e3\u7ba1\uff0c\u8b93\u6295\u8cc7\u8005\u53ef\u4ee5\u5b89\u5fc3\u4f7f\u7528\u5e73\u53f0\u4ea4\u6613\u670d\u52d9\u3002<\/p>\n

    \u6700\u5f8c\uff0cZFX\u5bc4\u8a9e\u7d66\u6240\u6709\u6295\u8cc7\u8005\uff0c\u69d3\u687f\u6295\u8cc7\u7121\u7591\u662f\u4e00\u500b\u53ef\u52a0\u901f\u76c8\u5229\u7684\u5de5\u5177\uff0c\u9069\u7576\u904b\u7528\u6642\u4ee4\u6295\u8cc7\u4e8b\u534a\u529f\u500d\uff0c\u4f46\u5c0d\u65bc\u4e00\u4e9b\u5e0c\u671b\u4e00\u8e74\u800c\u5c31\u7684\u6295\u8cc7\u8005\uff0c\u4ea6\u53ea\u6703\u662f\u4e00\u67c4\u96d9\u5203\u528d\u3002\u53ea\u6709\u6c38\u9060\u8457\u773c\u65bc\u7b87\u4e2d\u98a8\u96aa\uff0c\u624d\u80fd\u8a8d\u6e05\u5e02\u5834\u672c\u8cea\uff0c\u7262\u7262\u6349\u7dca\u6a5f\u6703\u3002<\/p>\n

    \u2014\u2014<\/p>\n

    \u98a8\u96aa\u63d0\u793a<\/strong>:<\/strong>\u4ee5\u4e0a\u5167\u5bb9\u50c5\u4f9b\u53c3\u8003\uff0c\u4e0d\u4ee3\u8868<\/strong>ZFX<\/strong>\u7acb\u5834\uff0c<\/strong>ZFX<\/strong>\u4e0d\u627f\u64d4\u6839\u64da\u672c\u6587\u6240\u9032\u884c\u4efb\u4f55\u8cb7\u8ce3\u64cd\u4f5c\u800c\u5c0e\u81f4\u7684\u4efb\u4f55\u5f62\u5f0f\u640d\u5931\u3002\u8acb\u5805\u5b9a\u81ea\u5df1\u7684\u601d\u8def\uff0c\u505a\u597d\u76f8\u61c9\u98a8\u96aa\u63a7\u5236\u3002<\/strong><\/p>\n

    ZFX (Zeal Capital Market)<\/a> <\/span>\u63d0\u4f9b\u7dda\u4e0a\u5916\u532f\u4ea4\u6613<\/a><\/u>\u3001\u5546\u54c1\u4ea4\u6613<\/a><\/u>\u3001\u6307\u6578\u4ea4\u6613<\/a><\/u>\u53ca\u80a1\u7968CFD\u4ea4\u6613<\/a><\/u>\u670d\u52d9\u3002\u958b\u6236\u6700\u4f4e\u5b58\u6b3e\u8981\u6c42\u53ea\u970050\u7f8e\u5143\uff0c \u7acb\u5373\u958b\u6236<\/a><\/u>\u53ca\u4e0b\u8f09MT4\u4ea4\u6613\u5e73\u53f0<\/a><\/u>\uff01<\/p>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    CFD (\u5dee\u50f9\u5408\u7d04) \u70ba\u4e16\u4e0a\u6700\u71b1\u9580\u7684\u4ea4\u6613\u7522\u54c1\u4e4b\u4e00\uff0c\u56e0\u5176\u9ad8\u69d3\u687f\u800c\u6709\u8457\u4ee4\u4eba\u8da8\u4e4b\u82e5\u9a16\u7684\u76c8\u5229\u80fd\u529b\uff0c\u4f46\u6240\u8b02\u300c\u5bcc\u8cb4\u96aa\u4e2d\u6c42\u300d\uff0c\u5176\u98a8\u96aa\u4e5f\u6bcf\u6bcf\u4ee4\u65b0\u6649\u6295\u8cc7\u8005\u70ba\u4e4b\u537b\u6b65\u3002<\/p>\n","protected":false},"author":29,"featured_media":13518,"template":"","academy_categories":[11178],"academy_tags":[],"class_list":["post-27148","academy","type-academy","status-publish","has-post-thumbnail","hentry","academy_categories-cfd-trading"],"acf":[],"current_lang":"zh-hant","_links":{"self":[{"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/academy\/27148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/academy"}],"about":[{"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/types\/academy"}],"author":[{"embeddable":true,"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/users\/29"}],"version-history":[{"count":0,"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/academy\/27148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/media\/13518"}],"wp:attachment":[{"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=27148"}],"wp:term":[{"taxonomy":"academy_categories","embeddable":true,"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/academy_categories?post=27148"},{"taxonomy":"academy_tags","embeddable":true,"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/academy_tags?post=27148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}