How to open a personal dollar account in China?

There are three steps to opening an account:

Online application-mailing materials-injecting funds.

Step 1: Apply online.

Step 2: mail the materials.

Account opening procedure

You only need to open a securities account to buy and sell US stocks. The securities account also has the function of a bank account. If you deposit money in this account but don't buy stocks, the broker will pay you interest, but will deduct the tax of 10%. If you want to be tax-free, you can choose to transfer short-term funds automatically, and the brokers will make profits for you.

transaction cost

The handling fee for buying and selling US stocks is not calculated by the proportion of "transaction amount", but by the number of transactions, and the handling fee for each broker is different. For example, the transaction fee for opening an account with e*trade, a well-known online brokerage firm, is $65,438+04.99 ~ $65,438 +09.99. If the transaction is made in charlesschwab, where charles schwab has a Chinese website and Chinese customer service, the transaction cost is $29.95.

In addition, there is a charging model based on the number of transactions, and the charging standards of different brokers are also different. For example, the transaction fee of Yingtong Securities, a well-known online brokerage company in the United States, is charged at $0.005 per share, so when investors buy and sell 1 0,000 shares in one transaction, the fee of Yingtong Securities is $ 0.005×10,000 = 5.

Extended data

Tips for injecting funds:

1. Capital injection can be made at the same time as mailing materials, so that the transaction can be carried out faster after the materials are approved.

2. Remittance must be in US dollars. If you don't have dollars, you can go to the bank to exchange them. Cash exchange is not cash! According to the regulations of the State Administration of Foreign Exchange, each person has a foreign exchange quota of $50,000.

Remittance postscript column (FurtherCreditTo column): please fill in your registered name in the brokerage account here (it must be the same as your bank account name), for example: Wang Datong; ; Please fill in your account number in First Finance here. There are 8 accounts in total, and the format is XXX-XXXXXX.

3. Both the investor and the payee must be account holders, and no third-party remittance or payment is accepted.

Baidu encyclopedia-American stocks