When choosing a suitable American stockbroker, the following points should be considered:
1. The size, strength, tradable varieties, commission fees, preferential activities, etc. If you need Chinese service, it depends on whether the brokerage company provides Chinese service.
2. Open an account online. Most American stockbrokers offer online account opening services. China enjoys the reciprocal conditions of income tax reduction and exemption from the US government, so China people can enjoy the preferential treatment of withholding income tax when opening international accounts for US stocks.
Most securities companies can open accounts online. You only need to prepare relevant materials in advance to contact them directly. The commissions of different brokers are different, so it is very important to choose a suitable broker.
2) deposit and withdrawal methods
When domestic investors invest in US stocks, they can convert RMB into US dollars, then remit money to their domestic bank accounts, and then transfer money from domestic bank accounts to investors' American bank accounts, and then from American bank accounts to American securities accounts. The steps of withdrawing money are similar to those of saving money.
3) shortcut keys
Applying for a Hong Kong bank account as a transit channel for deposits and withdrawals is still the best solution, but at present, there are some thresholds for applying for a Hong Kong bank account in China.
Investors can also open accounts with brokers, who can provide independent bank accounts as transit channels for deposits and withdrawals. Some foreign brokers have bank licenses, which means that the trading account you open there is also an independent bank account.
Extended data:
1. US stock trading is very unfriendly to low-priced stocks and small retail investors. Commission+platform fee, 2 yuan in total. You got five new shares in the US stock market, such as Zhihu's offering price of $9.50, and you got five shares with a total market value of $47.50. If you throw it away after listing, only the brokerage commission will cost 2 yuan, accounting for 5% of the total market value. This is unimaginable in A shares. According to the logic of A-share 2.5, it should be 1 cent.
Second, the opening time of the US stock market, first of all, we must clarify the daylight saving time and winter time.
1) Daylight Saving Time: It starts on the second Sunday in March and ends on the first Sunday in 165438+ 10.
According to Beijing time, the pre-market trading in daylight saving time is 16:00-2 1:30, the official trading in the day is 2 1:30-4:00, and the after-hours trading is 4:00-8:00.
Easy to remember. In summer time, Hong Kong stocks closed at 4 pm, and as soon as Hong Kong stocks closed, pre-market trading of US stocks began. Hong Kong stocks started in call auction at 9: 00 a.m., and the after-hours trading of US stocks ended one hour earlier.
2) Winter time: Winter time exceeds daylight saving time.
Winter time is all points of daylight saving time, and all points are set back 1 hour.
In winter, pre-market trading is 17:00-22:30 Beijing time, after-market trading is 22:30-5:00 and after-market trading is 5:00-9:00.
However, the above time is the normal trading time of US stocks, and the opening time of new shares of US stocks varies.
Reminder: Investment is risky, so be cautious when entering the market!