The differences between OTC accounts and ordinary accounts are:

1. Different trading venues:

OTC accounts are over-the-counter trading accounts, while ordinary accounts are for on-exchange trading. account.

2. Different service targets

OTC accounts are mainly used for daily income and expenditure management and fund transfers of corporate and institutional customers. They are a specialized account type. OTC trading refers to trading activities conducted in places other than exchanges. The transaction scale is large. The transaction objects are not ordinary investors, but institutional investors or large investors. Both parties to the transaction can freely negotiate the transaction price and transaction quantity.

Ordinary accounts serve general investors. The transaction objects are buyers and sellers of the stock exchange, and can be used for daily consumption, storage, transfer and other operations.

3. Different types of transactions

There are relatively many types of OTC account transactions, including foreign exchange, gold, silver, crude oil, stocks, bonds, funds, futures, financial derivatives, etc. .

Ordinary accounts mainly trade stocks, bonds, funds and other products.

4. Different transaction fees

OTC accounts need to provide more professional services and have higher labor costs, so the account management fees and transaction fees charged are higher.

The service scope and service level of ordinary accounts are relatively simple and do not require excessive investment, so they are cheaper than OTC accounts.

5. Different security levels

The review standards for OTC accounts are stricter than ordinary accounts and have higher security. The bank will provide corresponding security measures based on the actual needs of customers. , such as secondary verification, digital signature, encrypted transmission, etc.

The security of ordinary accounts is protected by the customers themselves. They may encounter problems such as password leaks and online fraud, and the security is relatively low.

6. Fund operation methods are different

To transfer funds from the OTC account, you need to recharge the funds on the trading platform. After the recharge is completed, enter the trading platform and transfer the funds to the OTC account.

Funds from ordinary accounts can be transferred directly through bank transfer.