Is it reliable for Xueqiu to buy US and Hong Kong stocks?

Domestic agents can open US and Hong Kong stock accounts:

A brokerage agency platform that can open US and Hong Kong stock accounts in China.

Scott, Interactive Brokers, Firstrade, Tiger Securities

Personally, I prefer Snowball. Today I will mainly explain the account opening of Snowball Brothers Company Xueying.

Topic

U.S. stock account opening guide: step-by-step instructions for opening an account with Xueying Securities

Introduction to Xueying Securities.

Financial Service Provider registered in New Zealand, registration number FSP497606, is a fully disclosed broker (Fully Disclosed Broker) of Interactive Brokers. Interactive Brokers is responsible for underlying services such as transaction clearing, fund and asset custody, deposits and withdrawals for Xueying Securities customers.

To summarize in one sentence, Xueying Securities externally relies on the massive users of the Snowball community, but internally is the service of Interactive Brokers.

Introduction to Interactive Brokers.

Interactive Brokers

Interactive Brokers, referred to as IB, was founded by Thomas Peterffy in 1977 and was listed on NASDAQ in May 2007 under the symbol IBKR . It can access more than 100 exchanges and market centers around the world. Individuals, institutions, and fund customers from more than 140 countries can seamlessly trade stocks in more than 100 market centers in 23 countries in a single account and on a single screen. Futures, options, bonds, foreign exchange, spot gold and silver, as well as index funds, ETFs, CFDs and other financial products. The number of transactions per day reached 582,000, surpassing other American counterparts. It trades 250 million shares, 1 million options and 400,000 futures every day, handling 14.1% of the world's stock options trading volume.

1. Trading commission:

0.5 cents/share for U.S. stocks, with a minimum of $1 per transaction (this is exactly the same as Interactive Brokers);

Hong Kong stocks commission of RMB 80,000, with a minimum of HKD 18 per transaction;

There is no monthly management fee of US$10 from Interactive Brokers (for accounts with total funds less than US$100,000, Interactive Brokers has a minimum of US$10 per month Commission);

2. Financing interest rate:

Financing: The highest annual interest rate for US dollar financing is 2.16 and the lowest is 0.91;

The highest annual interest rate for Hong Kong dollar financing is 2.566 and the lowest is 1.566 .

3. The minimum first deposit is US$3,000

Belongs to: FINRA & SIPC member. If Interactive Brokers goes bankrupt, the securities account will be protected by the Securities Investor Protection Company SIPC up to 50 Protection of US$10,000; (If a brokerage misappropriates customer funds and goes bankrupt, SPIC can compensate up to US$250,000; if a brokerage borrows your stocks for shorting and goes bankrupt, SPIC can compensate up to US$500,000)

Account Opening Guide Here it comes:

Preparation materials for account opening: Prepare materials before opening an account, including a photo of the front and back of your ID card and a mobile phone number.

Step 1: Follow the prompts to fill in your phone number and upload your ID card photo

Step 2: Xueying will identify your name and other information based on your ID card. Just fill it out according to your true situation. What needs to be noted is that the income may be the amount of subsequent financing you have, etc. You can just fill it in according to the actual situation, or it should be feasible if you put a little extra caution.

Step 3: Sign and fill in the transaction password. Even if the registration is completed, Snowball will notify you via text message within three working days, and then you can download the Xueying Securities App to log in