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What application can buy foreign stocks with domestic bank cards?
There are many platforms for stock trading, such as TD, Fidelity and so on. These platforms will charge a certain fee when you buy and sell, but the data is comprehensive.

There are two ways to open an account for US stocks:

One is to open an account in a Hong Kong branch through a domestic brokerage firm.

The second is to open an account in a foreign securities company directly through the Internet.

Step 1: Select a brokerage firm.

Mode 1: Open an account through online US stock brokers.

Most China people may not have the opportunity to travel or settle in the United States, so it is very feasible to buy and sell US stocks through online US stock brokers who support online account opening. Traditional brokers are much lower, and the account opening procedures are also very simple. Just fill in the relevant forms online and send them to their American headquarters. Some brokers even support paperless account opening.

Just like buying and selling domestic A shares, there are many brokers to choose from. China's commonly used US stock brokers include Firstrade (First Financial Management), E-trade (Easy Creation Securities), Scottrade (Scottrade Securities), SogoTrade, InteractiveBrokers (Yingtong Securities) and so on.

Mode 2: buying and selling US stocks through financial institutions in Hong Kong.

Basically, the "Hong Kong subsidiaries" of major domestic brokers have this business. The so-called "re-entrustment" means that you place an order with this Hong Kong brokerage firm (or a Hong Kong subsidiary of a mainland brokerage firm), and then the brokerage firm moves to another brokerage firm in the United States that has signed a cooperation with it. For example, CMB International, BOC and HSBC all provide the function of trading US stocks.

Step 2: Express the materials to the selected broker.

Because the courier information needs the signature of the account holder, the documents needed to open an account include:

1) account opening application form;

2)W8ben tax exemption form (a tax exemption form filled out by non-US residents, and US stock gains can be tax-free in the United States);

3) Identification document: a copy of a valid personal ID card or passport;

4) Address certification document: one of the documents containing the applicant's name and address in the last three months, such as credit card monthly statement, mobile phone/telephone monthly statement, water or electricity bill or property management bill, etc.

After completing the above forms and preparing relevant materials, you need to fax or scan them to the account or email address designated by the broker. After approval, the original can be mailed to Hong Kong or the United States (according to the address specified by different brokers). After the brokerage firm checks it correctly, it will contact the account holder to open a US stock account.

Step 3: inject capital into the US stock account.

Many domestic commercial banks support direct cross-border remittance through online banking.

If you have a bank account overseas, you can transfer it from this bank account to a securities account. If there is no overseas bank account, you need to contact the brokerage firm to solve the transfer problem.

Residents need to convert RMB into US dollars, and after converting RMB cash into foreign exchange, they can transfer foreign exchange into overseas bank accounts. Most online banking systems provide overseas remittance function, and the charge for each order is generally below 100 yuan, which usually takes several hours to arrive.

It should be noted that at present, China citizens remit money to the United States, and the annual limit is only $50,000. According to mainland policies, private overseas investment is now restricted, and domestic individuals can only make overseas financial investments such as fixed income and equity through banks, funds, trusts and other qualified domestic institutional investor. Officials have made it clear that relevant management regulations will be improved in the future to allow individual investors to invest abroad. At present, RMB is freely convertible only under trade.

If the investment amount is huge, you can find any bank in Hong Kong to open a bank account with the same name as a mainland bank and go to Hong Kong to open an online bank. Then transfer the money out of the Hong Kong account. There are no restrictions in this way. The only thing is to go to Hong Kong in person.

There is another way to open a Hong Kong account without going to Hong Kong. The two-way one-card account for gold card customers of China Merchants Bank, the "wealth management account" of ICBC Asia of China Industrial and Commercial Bank and the Lugang Longka of China Construction Bank are all based on the same principle.