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It is very simple for individuals to open a foreign exchange account. I've been doing it.
Now all foreign exchange transactions are opened online. Of course, if you can also make a one-to-one foreign exchange purchase transaction in online banking, but it can also be a carry trade, but the profit will be very low, so you need a large amount of money. Because the profit is generally only higher than the bank interest, for example, if you have good skills in investing 1w yuan, you can earn hundreds of yuan a year.
Therefore, most people choose the ** foreign exchange platform online to open an account for leveraged trading, remember that this is talking about leverage, that is, to amplify the funds in trading, which greatly increases your profits, and also increases the risk.
How to open an account: Funds required: $300 or more is best for novices. Trading is not boring, but it also exercises technique.
What you'll need: ID card, mobile phone number, and email address. Bank cards. In fact, it is to fill in these information on the registration page to facilitate withdrawals and deposits.
In fact, it's as simple as that, you can find a foreign exchange platform with old qualifications, and foreign exchange has been trading in China for at least 6 years, because I have been trading for 5 years. So this development is already very good.
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To open a foreign exchange account, you need to choose a regular foreign exchange platform, as long as you can confirm that the selected platform is regular, then through this platform, the staff will tell you how to open an account. Keep enough valid evidence, such as emails, screenshots of deposit and withdrawal operations, etc., so that you can complain to the regulator if something goes wrong. Usually go to see more financial education community knowledge and experience.
Here's how to check if the platform is legitimate:
First: it is better to be regulated by FSA or ASIC, and dual supervision is better.
Second: the platform contains the US dollar index.
Third: the platform does not have too much negative news and influence.
Fourth: Deposit and withdrawal are convenient and safe
Fifth: the platform trading is stable and does not drop.
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1. Open a foreign exchange account on your own in mobile banking or online banking. Investors can click "Sign the Foreign Exchange Transaction Agreement" on the foreign exchange page and follow the steps prompted by the system.
2. Bring a bank card or passbook in normal condition, my real-name mobile phone and my valid identity document to open a foreign exchange account at the relevant bank. Cash and foreign exchange transactions are not allowed to be handled on behalf of others.
When opening a foreign exchange account, you need to accept the risk tolerance assessment and product suitability assessment of the relevant bank, and meet the relevant risk level requirements before you can apply for opening a foreign exchange account. Investors applying to open an account must be a natural person with full capacity for civil conduct.
Conditions for opening a forex account:
1. Register as an online banking or mobile banking user at the relevant business outlets.
2. Have a bank card that can be used normally.
3. The trading account must be opened in ** bank.
4. Activate the investment service function in online banking.
The order transaction of foreign exchange is valid for up to 24 hours. Every day, the bank will process the data in the system, and all previously submitted unfilled orders will be automatically invalidated. In some regions, the entrustment transaction is valid for up to 24 hours, and in some regions, the entrustment transaction is valid for up to 7 days.
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