Generally, opening an account in a bank, such as China Merchants Bank or ICBC, is characterized by relatively small risks and benefits, and slightly higher transaction fees (spreads), generally 10 ~ 30 points. If the operation is good, the annual income is generally 5% ~ 10%. Small funds may have limited returns.
Steps for opening an account: apply for opening a foreign exchange account at the bank counter, then purchase foreign exchange and deposit it in the account, sign a foreign exchange transaction agreement with the bank, apply for opening an online bank, and then log on to the bank's website with your personal computer at home and enter the online bank for trading.
2. The risk of foreign exchange through domestic legal channels is moderate. Any investment has risks, and risks are directly proportional to returns, so foreign exchange also has risks.
3. Credit cards cannot open foreign exchange accounts, but debit cards need to open foreign exchange accounts.