How to open an account for U.S. stocks, how to open an account for U.S. stocks

First of all, choose a suitable U.S. stock broker 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.

Precautions 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.

Buy U.S. stocks through financial institutions in Hong Kong: At present, many domestic ** companies (such as Guodu**, etc.) have branches in Hong Kong, which can provide services for buying U.S. stocks. This is a form of "double order", where you place an order with a domestic broker, which in turn places an order through another broker in the United States.

At present, this method is relatively popular, and many brokerages have provided online registration and account opening services specifically for mainland investors. This internet platform is more suitable for most investors, it is free to open an account, the commission for US stock trading has dropped by 50%, and there is no limit on the minimum amount of the first deposit.

Users who want to open a U.S. stock account need to find a suitable commercial securities company online for processing, and then choose Asia-Pacific residents to apply when opening an account.

Subsequently, the user needs to use a mainland bank card. Buy RMB into US dollars, and then transfer the US dollars in your account through overseas remittance business.