Can anyone say what the steps are to open an account in US stocks and what they entail

Updated on Financial 2024-03-25
9 answers
  1. Anonymous users2024-02-07

    1. There are 5 steps to open a U.S. stock account:

    Fill out the application form online.

    Send the application form, ID card, and address ID scanned copy by e-mail, and the account will be opened without transaction permissions.

    Express the original application form, a copy of the ID card, and a copy of the address ID to the United States, review it correctly, and open the trading authority.

    Courier fee: 282 )

    Wire transfer USD to US stock account (purchase foreign exchange 1000$=6146, wire transfer fee: 20) to start trading. 2. U.S. stock account opening can generally be handled in the international business hall of some ** companies.

    In general, opening a U.S. stock account is divided into two steps: one is to open an account, that is, to choose a U.S. stock brokerage to open a ** trading account; The second is to transfer funds by remittance and transfer RMB into US dollars to the ** trading account. The first point mentioned above is actually relatively simple, most U.S. stock brokerages are open to foreigners outside the United States, and the account opening process can be done online; The second point is a little troublesome, this is due to our country's strict foreign exchange control, it is not easy to get money out of the country.

  2. Anonymous users2024-02-06

    To buy U.S. stocks in China, you only need to open a U.S. bank account, you don't need to go abroad, you can handle it directly in China, it is very convenient, we can help you, and the following is to sort out the information required to open an account for you

    1. Proof of address of shareholders and directors.

    2. Provide U.S. corporation and federal tax ID EIN

    3. The shareholder director is required to go to the domestic branch in person to sign in person.

    4. Scanned copies of ID cards, passports and household registration books of shareholders and directors.

    1. ** number.

    2. Commonly used mailboxes.

    3. The front and back of the ID card.

    4. Passport scanned and scanned.

  3. Anonymous users2024-02-05

    U.S. stock account opening steps.

    1. Choose the way to open an account for U.S. stocks.

    There are two ways to open an account for U.S. stocks, one is to open an account in the United States, and the account is opened through an online trading platform. The first option requires a lot of money and time, is less flexible but can be secured; The second method is more flexible, you just need to screen the platform and follow the process to complete the account opening steps. Therefore, the second way is more popular with investors.

    U.S. stock account opening steps.

    2. Choose a U.S. stock trading platform.

    It should be noted that not all ** companies can open U.S. stocks, so investors also need to strictly screen the U.S. stock account opening trading platform. This step of opening a U.S. stock account directly affects the safety of investors' funds, so it needs to be paid special attention.

    When investors choose a U.S. stock trading platform, they first need to check the qualifications of the platform. Only a well-qualified and strictly regulated platform can fundamentally guarantee the safety of investors. In addition, strict account management system, trading software, and trading environment are also important indicators for the assessment platform.

    Biyapay has all the characteristics that a formal U.S. stock platform should include: accepting strict and reliable supervision, providing a stable and highly liquid trading environment, providing intimate and timely manual customer service, providing multi-band bucket trading account options, regularly launching preferential activities, low transaction costs, etc.

    The threshold is low, the deposit and withdrawal are simple, and the deposit and withdrawal of fiat currency and digital currency are supported, so there is no need to handle an offshore account as before, and there is no need to make a complicated account opening application, only identity authentication is required. E-mail registration and login, one is digital currency - > US dollar Hong Kong dollar; The other is to add a bank account, recharge US dollars and Hong Kong dollars, and go to the US and Hong Kong stock account, and you can place an order to buy US and Hong Kong stocks on the platform. Interested investors can get an in-depth look at the platform.

    U.S. stock account opening steps.

    3. Prepare account opening materials according to the requirements of the U.S. stock platform.

    Common documents include ID cards and some documents that can prove the true information, and the materials required will vary depending on the platform chosen.

    U.S. stock account opening steps.

    Fourth, start to register and submit materials.

    U.S. stock account opening steps.

    5. Submit review materials.

    After the data collection and search are completed, it is also necessary to cooperate with the requirements of the platform and upload information that can prove the true identity.

    U.S. stock account opening steps.

    6. Inject funds.

    At this time, the account cannot be directly put into use, and the initial funds need to be injected according to the requirements of the platform, and the account can be successfully activated to start trading after success.

  4. Anonymous users2024-02-04

    First of all, choose a suitable U.S. stock brokerage to open an account. Choosing the right U.S. stock brokerage generally needs to consider the following points: the size and strength of the brokerage, tradable varieties, commission fees and preferential activities, if you need Chinese services, then you also need to see if the brokerage provides Chinese services.

    Next, open an account online. Most U.S. stock brokerages offer online account opening services. China enjoys the reciprocal conditions of income tax reduction and exemption in the United States**, so Chinese can enjoy the preferential exemption of withholding income tax when opening an international account for U.S. stocks to speculate in U.S. stocks.

    There are three steps to opening an account: online application – mailing materials – and injecting funds.

    Step 1: Apply online.

    Step 2: Mail the materials.

    The last step of the online application will inform you that you need to print out the materials and mail them (you will also be notified by mail). The materials that need to be mailed include: 1. Template of online service agreement; W-8BEN Simplified** Template; The ID document is a scanned copy of your valid passport (the first page and the last page, two pages in total), and your signature must be on the last page of the passport to be valid.

    Attention to lead rotten matters for mailing materials:

    2. The necessary documents of the account must be sent to the brokerage within 30 days after the account is opened, and if the due documents are not received within the time limit, the account will be subject to the restriction of suspending all trading activities; However, this restriction will be lifted as soon as your documents are received.

    Remittance the funds to the account of the bank clearing bank of the broker's superior ** delivery company. Most users use bank transfer to deposit funds, which is relatively safe and fast.

  5. Anonymous users2024-02-03

    Let's talk about how to fill in a few key items in the account opening**:

    Proof of identity: Chinese mainland resident ID card or passport is acceptable.

    Account type: cash account - can only use its own funds**, can not do financing**, some brokerages stipulate that cash accounts cannot trade options, or can not sell short options. Margin Account - Financing**, day trading is allowed, and options can be invested.

    The threshold of capital required to open an account is higher for a margin account than for a cash account.

    Proof of residence: You can use your utility bill as proof of residence.

    Whether or not they are professional investors: The United States has special regulations for professional investors, and the compensation for them is less if something goes wrong, because professional investors can identify the risks themselves. For the vast majority of investors, if they are not financial practitioners, they should not choose the status of professional investors.

    Pay taxes: Chinese do not need to pay capital gains tax for speculating in US stocks. When opening an account, be sure to fill out the W-8BEN form stating your "foreigner" status so that you don't have to pay taxes to Uncle Sam.

    Usually one or two weeks after sending out the account opening**, you can receive a notification of account opening and specific account information. After the account is opened, there is usually 30-45 days for the client to deposit funds.

  6. Anonymous users2024-02-02

    Then first exchange RMB for US dollars and also open an account in ** company. If it is to fry the ** of the United States, it is not allowed in China.

  7. Anonymous users2024-02-01

    ID card, bank card, go to the ** company to open an account, and then go to the bank to do tripartite custody (bank-securities business).

  8. Anonymous users2024-01-31

    Some brokerages require an ID card, proof of residence and a Hong Kong and Macau permit.

    Some only need an ID card to handle it, which is very fast and convenient, you know.

  9. Anonymous users2024-01-30

    You go directly to the person who opened the account, and he will tell you what you need.

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