Foreign exchange transaction is the exchange of one country's currency with another. Different from other financial markets, the foreign exchange market has no specific location and no central exchange, but trades through banks and electronic networks. In other words, if you want to open an account in China to speculate in foreign exchange, you need to open an account online.

Steps to open a foreign exchange account:

Step 1: Apply for account opening and submit account opening information.

1. Apply for a real account opening and download the identity information needed to open an account.

2. Send scanned copies of the front and back of the ID card to the mailbox of the trading platform, or submit them through customer service and relevant staff.

Step 2: Review the account opening information.

Quick review: if the address on the ID card is the same as the address provided when opening an account.

Just submit your ID card to open an account as soon as possible.

The submitted ID card (both sides) must be valid, including name, date of birth, photo and ID number.

General audit: if the address on the ID card is different from the address provided when opening an account.

In this case, in addition to the ID card, you need to submit a valid proof of address. Generally, the following types of files are accepted:

-Hukou Book-Temporary Residence Permit-Monthly Bank Statement within 6 months

-driver's license-real estate license-water, electricity, gas and telephone charges within 6 months, excluding mobile phone charges.

Your name must be included in the address certificate; The address in the document must be the same as that filled in when you apply for opening an account. Printed electronic statements are not acceptable.

Step 3: Check the email, get the account opening form, submit the certificate of the first step trading account, and the background will review the relevant information. After the approval, you will be informed by email that the account opening application has passed, and you will be informed of the account number and the operation method of injecting funds into the account number.

Step 4: inject funds into the newly opened account. Generally, the funds for activating the account will be remitted after receiving the trading account. General dealers will set a minimum deposit limit and can inject funds by wire transfer. Wire transfer funds can be credited within two working days. After the funds are received, the dealer will send a second notification letter by email, telling the login name and password required to log in to the real trading platform. After completing the above three steps, you can freely invest in foreign exchange, gold, foreign exchange accounts, crude oil/natural gas, agricultural products and national stock indexes on the trading platform provided by traders.