What are the requirements for opening a forex account?

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Conditions for opening a foreign exchange account under the current account The State Administration of Foreign Exchange of the People's Republic of China stipulates that a domestic institution (excluding financial institutions) that meets one of the following conditions may apply to the local State Administration of Foreign Exchange and its branches (hereinafter referred to as the foreign exchange bureau) to open a foreign exchange account under the current account: (1) Approved by the competent administrative department, it has the right to operate foreign-related or has foreign exchange income under the current account; (2) Foreign exchange income for special and designated purposes such as donations, aid, and international postal exchange. 2.

Conditions for opening foreign exchange accounts under the capital account The State Administration of Foreign Exchange stipulates that foreign exchange under the capital account may be opened to retain foreign exchange as stipulated by the State Administration of Foreign Exchange: (1) Foreign debts borrowed by domestic institutions, foreign debt re-loans, and foreign exchange loans from domestic Chinese-funded financial institutions; (2) foreign exchange used by domestic institutions to repay the principal of domestic and foreign exchange debts; (3) Foreign exchange from the issuance of ** income by domestic institutions; (4) Capital invested in foreign exchange by the Chinese and foreign investors of the foreign-invested enterprise; (5) Foreign exchange remitted by foreign legal persons or natural persons for the purpose of preparing for the establishment of foreign-invested enterprises; (6) foreign exchange obtained from the realization of the stock of assets of domestic institutions; (7) Foreign exchange of B shares traded in China by foreign legal persons or natural persons; (8) Foreign exchange under other capital accounts approved by the State Administration of Foreign Exchange.

Identity card. A bank card (which also requires enough money) and a few more big names are OK! The other half is left alone.

The platform that automatically converts to US dollars is now open an account online, and UnionPay card deposits and withdrawals are convenient and fast The minimum is only 5 US dollars, and you can start foreign exchange trading.

1. Foreign exchange registration certificate;

2. Original and photocopy of business license;

3. Reserve the seal of the bank and the original and photocopy of the ID card of the handling personnel;

4. The legal person certificate of the enterprise;

5. Account opening application;

6. Foreign-invested enterprises are required to provide the approval of account opening issued by the State Administration of Foreign Exchange (SAFE) to open capital.

Foreign exchange account refers to the account opened in freely convertible currency by domestic institutions, institutions and individuals in China in banks and non-bank financial institutions that have been approved to operate foreign exchange deposit business in accordance with the relevant account management regulations.

The special advantages of the forex account are as follows:

1. The transaction channels are convenient, and customers can handle real-time transactions, pending orders, inquiries and other services through ICBC online banking, mobile banking, ** bank and other electronic banking channels;

2. Long trading time, long trading time, from 7 a.m. on Monday to 4 a.m. on Saturday, ICBC provides customers with continuous and uninterrupted trading, and customers can conduct real-time and pending order transactions according to ICBC**;

3. It is not subject to the annual limit of individual foreign exchange settlement and sales, and customers can realize their investment in the foreign exchange market according to their own needs without occupying the annual limit of foreign exchange settlement and sales;

4. Rich trading varieties, ICBC has launched the original account foreign exchange linked to EUR, GBP, CHF, AUD, CAD, JPY, NZD, SGD, NOK and SEK;

5. Real-time clearing of funds, real-time clearing of foreign exchange transaction funds in the account, instant arrival, multiple transactions can be carried out on the same day, maximizing capital efficiency;

6. The transaction threshold is low, the starting number of a single transaction in the account yen is 1000 yen, and the minimum increment unit of the transaction is 100 yen;

7. The trading method is flexible, providing real-time trading and pending order trading. Among them, pending orders include profit-taking orders, stop-loss orders and two-way orders.

Foreign exchange is a creditor's right that can be used in the event of a deficit in the balance of payments held by the monetary administration (**bank, monetary management agency, foreign exchange leveling ** and the Ministry of Finance) in the form of bank deposits, treasury bills of the Ministry of Finance, long-term and short-term bonds.

1.Choose an account opening platform: There are many forex platforms on the market to choose from, which can be chosen according to your needs and the different activities that the platform can offer.

2.Choose the company to open an account: After the platform is selected, you should choose which company to open an account with, a good company, a good investment consultant, can save investors a lot of trouble.

3.Provide account opening information: ID card.

Front and back**, front of bank card**, **number, email, generally within one working day to open an account.

5.Deposit: Deposit funds for trading, there are generally two ways to deposit, one is RMB UnionPay.

One way to deposit money is to go to the bank to make overseas remittances and deposit US dollars. It is recommended to use RMB UnionPay, which arrives in time and has low handling fees.

6.Withdrawals: Some platforms can directly apply for RMB withdrawals, while others can only withdraw US dollars, and there is a limit of 50,000 US dollars per person per year. Before opening an account, you can ask ** company clearly.

Extended Materials. Foreign currency is a monetary authority that deposits money in banks.

The balance of payments deficit maintained by the Ministry of Finance in the form of treasury bills, long-term and short-term ****, etc.

can be used when the creditor's right.

Foreign exchange mainly includes foreign currency, foreign currency deposits, foreign currency value, etc., which is an important part of a country's international reserves and the main means of payment to pay off international debts.

Generalized. All assets owned by a country in foreign currency. It refers to the flow of currency between countries and the exchange of the currency of one country into the currency of another country to pay off international claims and debts.

In fact, it is the monetary administration (**bank.

Monetary management institutions, foreign exchange equalization** and the Ministry of Finance) can be used in the event of a deficit in the balance of payments in the form of bank deposits, treasury bills of the Ministry of Finance, long-term and short-term bonds.

Narrow sense. It is expressed in foreign currency, which is generally accepted by all countries, and can be used for international claims and debts.

Various means of payment for settlement. There must be three characteristics: payability (assets that must be expressed in foreign currency), availability (claims that can be compensated abroad) and fungibility (assets that are freely convertible into other means of payment).

Function. Promote international economic and national development; transfer of international fund surpluses; It is an important part of a country's international reserves and the main means of payment for repaying international debts.

Forex trading. It is the exchange of one foreign currency for another. **This is the exchange rate, which is usually expressed as the exchange rate between two currencies, e.g. USD JPY, GBP JPY. The exchange rate is the first currency (as the base currency.

Expressed in the second currency (as the quote currency).

In the foreign exchange rate, we often see the English word international foreign exchange unit is 100,000 base currency, these are the must-see FXCM currency knowledge of the network, especially some uncommon currencies in English, such as NZD New Zealand dollar.

AUD, Australian Dollar, JPY, Japanese Yen.

The way to query the foreign exchange platform is not very difficult, and you can learn the relevant information directly by entering the foreign exchange Tianyan. Shoot carefully and this is the largest in the cabinet, and the most professional regulatory agency in the history of the extremity Xiaochong, can be trusted.

Netizens asked: What are the conditions and information required to open a foreign exchange account? Lawyer answers:

1.Conditions for opening a foreign exchange account under the current account The State Administration of Foreign Exchange of the People's Republic of China stipulates that a domestic institution (excluding financial institutions) that meets one of the following conditions may apply to the local State Administration of Foreign Exchange and its branches (hereinafter referred to as the foreign exchange bureau) to open a foreign exchange account under the current account: 1) With the approval of the competent administrative department, it has the right to operate foreign-related or has foreign exchange income from current sale projects; (2) Foreign exchange income for special and designated purposes such as donations, aid, and international postal exchange.

2.Conditions for Opening Foreign Exchange Accounts under the Capital Account The State Administration of Foreign Exchange stipulates that the following foreign exchange accounts under the capital account may be opened to retain foreign exchange: (1) foreign debts borrowed by domestic institutions, foreign debt converted into loans, and foreign exchange loans by domestic Chinese-funded financial institutions; (2) foreign exchange used by domestic institutions to repay the principal of domestic and foreign exchange debts; (3) Foreign exchange from the issuance of ** income by domestic institutions; (4) Capital invested in foreign exchange by the Chinese and foreign investors of the foreign-invested enterprise; (5) Foreign exchange remitted by foreign legal persons or natural persons for the purpose of preparing for the establishment of foreign-invested enterprises; (6) foreign exchange obtained from the realization of the stock of assets of domestic institutions; (7) Foreign exchange of B shares traded in China by foreign legal persons or natural persons; (8) Foreign exchange under other capital accounts approved by the State Administration of Foreign Exchange.

3.A domestic institution shall apply to the local foreign exchange bureau for opening a foreign exchange account under the current account with the following materials: (1) Application for opening a foreign exchange account under the current account; (2) Original and photocopy of valid certificates such as business license or association registration certificate; (3) The original and photocopy of the foreign-related business license certificate issued by the competent administrative department, or the Foreign Exchange Registration Certificate of Foreign-invested Enterprises for File Dismantling, or the supporting materials of foreign exchange income under the current account; (4) The original and copy of the organization certificate; (5) Other materials required by the foreign exchange bureau.

Before opening a foreign exchange account <>, the first thing to do is to prepare some necessary information, including ID card, bank card, account information, trading experience, etc. Among them, ID cards and bank cards are mandatory, while account information and transaction experience can be optionally provided. If you are a newbie, you can choose not to provide this information, or you can open an account normally.

Before opening an account, you should also consider choosing a suitable foreign exchange account opening institution. The criteria for this selection can be determined by customer service, payment methods, account opening procedures, etc. You can compare many aspects and choose a suitable account opening institution.

The specific process of opening a foreign exchange account is divided into the following steps:

1) Fill in the account opening**: First of all, you need to fill in the account opening**, after filling in, upload the necessary information, including ID card, bank card, account information, transaction experience, etc.

2) Review the account opening information: After submitting the account opening information, the foreign exchange account opening institution will review the information and review it.

3) Confirm the account opening: After the review is passed, the account can be confirmed, and after the account is successfully opened, you can officially carry out foreign exchange trading.

When opening a foreign exchange account, you need to pay attention to the following points:

1) When opening an account, you should verify your identity information and confirm that your information is true and valid;

2) It is necessary to carefully choose a foreign exchange account opening institution and choose a formal and legal institution;

4) When submitting the account opening**, it is necessary to fill in carefully to ensure the accuracy of the information.

The benefits of opening a forex account are numerous:

1) You can invest in a variety of foreign exchange products, such as currency pairs, **, options, etc.;

2) Access to a variety of trading tools, such as forex indicators, technical analysis, trading strategies, etc.;

Tips for opening a forex account are as follows:

1) It is necessary to carefully choose a foreign exchange account opening institution to ensure that it is a formal and legal institution;

2) When opening an account, you should carefully fill in the account opening** and upload the necessary information;

4) When opening an account, you should pay special attention to the safety of your funds to avoid losses.

Mine is as follows. <>

Information to be submitted to the State Administration of Foreign Exchange].

1. Foreign exchange account under the current account.

Application for opening a foreign exchange account under the current account;

Original and photocopy of valid certificates such as business license or association registration certificate;

The original and photocopy of the foreign-related business license certificate issued by the competent administrative department, or the Foreign Exchange Registration Certificate of Foreign-invested Enterprises, or the supporting materials related to the foreign exchange income under the current account (such as foreign exchange settlement bills, etc.);

The original and photocopy of the organization's ** certificate;

Other materials required by the foreign exchange bureau.

2. Foreign exchange account under capital account.

Application for opening a foreign exchange account under the capital account;

A domestic institution shall open a special loan account and a special loan repayment account, and hold the original loan contract, foreign debt registration certificate or foreign exchange loan registration certificate;

A domestic institution applying for the opening of a special account shall hold a prospectus and other materials approved by the supervision and management department;

Foreign-invested enterprises applying to open capital accounts shall hold the Foreign Exchange Registration Certificate for Foreign-invested Enterprises;

Overseas legal persons or natural persons who apply to open a temporary special account shall hold a remittance voucher and a signed letter of intent for investment;

The State Administration of Foreign Exchange stipulates that domestic institutions (excluding financial institutions) that meet one of the following conditions may apply to the State Administration of Foreign Exchange and its branches (hereinafter referred to as the foreign exchange bureaus) to open foreign exchange accounts under the current account with the local State Administration of Foreign Exchange and its branches (hereinafter referred to as the foreign exchange bureaus).

1) Approved by the competent management department, it has the right to operate foreign-related or has foreign exchange income under the current account;

(2) Foreign exchange income for special and designated purposes such as donations, aid, and international postal exchange.

2.Conditions for opening a foreign exchange account under the capital account.

The State Administration of Foreign Exchange stipulates that foreign exchange under the following capital accounts can be opened to retain foreign exchange.

Hope it helps.

The conditions for opening an account for a forex broker are as follows:

1. Customers need to submit ID card information.

2. You need to provide proof of residence and other relevant documents within three months.

3. You need to fill in the account opening agreement, which includes the corresponding fund withdrawal information.