Traditional U.S. stock brokerage firms such as Interactive Brokers (IB), Scottrade (Scottrade), Firsttrade (the first wealth management), as well as Hong Kong branches of the mainland brokerage firms such as China Merchants Bank International, Shenyin Wanguo (microblogging), Guotai Junan, and Haitong International, and so on; as well as There are also a number of Internet brokerages that have emerged in recent years, such as Tiger Securities and Caijing Global.
Compare this to traditional brokerage firms that are very cumbersome to open an account, and the average person opens an account and backs off. For example, Yingtu, Scottrade, fill in the information will have to be an hour or two, the audit is fast for a few days, slow to wait for death without notice. Then there are a series of application procedures, a variety of security protocols, and so on.
Domestic brokerage account will be relatively fast, but the domestic brokerage firms are through the Hong Kong subsidiary or Hong Kong brokerage firms re-commissioned orders, the so-called "re-commissioning" is that you order to the Hong Kong brokerage firm (or mainland brokerage firms in Hong Kong), the brokerage firms and then turn down the U.S. mainland and it has signed a cooperation with another brokerage firm. The problem is that such a re-commissioning will cause delays in trading time, as well as a significant increase in transaction costs. For example, the average transaction fee for U.S. brokers is around $10 per transaction, while for those re-commissioned through Hong Kong brokers, it usually reaches around $20.
Relatively speaking, Internet companies have an advantage over traditional brokers in these areas. From the account opening, Tiger, Caijing, Fudou can do within three minutes to open an account to complete, basically an ID card, a simple fill can be completed. From the transaction commission, the Internet brokerage firms than the traditional brokerage firms have much more advantage.
The Whale is a portfolio investment, where the highest commission per transaction per stock is $2.30, and the lowest is $0.99 (for less than 1 share); Firstrade has a commission of $6.95 per transaction per stock; Scottrade has a commission of $7 per transaction per stock; Futura has a commission of $8 per transaction per stock; E*Trade has a commission of $8 per transaction per stock; and E*Trade has a commission of $8 per transaction per stock. 12.99 per trade per stock; Tiger Securities has a minimum commission of $2.99 per trade per stock.
In terms of ease of investing, there is not much difference between the Internet brokerages. The only difference is that Caiwei is a combination of buying and selling, through artificial intelligence big data measurement, according to the investment hotspot to select the better performing stocks to form a combination for investors to buy and sell, while other brokerage firms are basically channel platforms, investors need to select their own target.
Almost these~~