According to State Street Investment, it is not difficult for China people to speculate in US stocks, and there is no need to go abroad to handle and open overseas bank accounts. Select a suitable online broker to open an account, exchange money and remit it to the trading account. * * * The total fee includes the express fee of account opening form and remittance fee, which can be settled in about 300-500 yuan. There are many American stock brokerage companies, and the transaction costs vary greatly. Everyone should choose the right US stock brokerage company according to their investment varieties, capital scale and trading frequency.

Online brokers, also known as discount brokers, save a lot of labor costs by placing orders online, so they are cheaper than traditional securities brokerage companies, which does not mean that the quality is inferior. For domestic residents, a discount brokerage company that suits them is an ideal choice. At present, American Internet brokers who support Chinese mainland residents to open accounts mainly include:

Grade A: SogoTrade Scottrade (Charles Schwab) E * Trade Firstrade (First Financial Management).

Class B: Shen Yin Wanguo Guotai Junan Guo Xin Securities CMB International Guoyuan Securities haitong international Huatai Jinkong Guangfa Holdings

Class C: TD Ameritrade, Zecco, MB Trading, Trade Monster, Trading, etc.

Class A brokers are the main discount brokers in the American securities market. In other words, Americans also trade stocks through these brokers. The application documents of charles schwab and Yichuang Wealth Management only need to be sent to Hongkong. It should be noted that the minimum requirement for opening an account in charles schwab is $65,438+00,000. If the amount of Yichuang wealth management account is less than $50,000, the commission for each US stock transaction will reach $65,438+09.99.

Class B brokers are Chinese-funded brokers in Hong Kong. Compared with Class A, the transaction cost of US stocks is higher. Guotai Junan charges $20 per transaction and CMB International charges $29 per transaction. The advantage is that you can invest in Hong Kong stocks at the same time, and some brokers even support investing in global stock markets, including Taiwan Province, Japan, Britain and Canada.

Class A and B brokers have Chinese interface and Chinese customer service, while Class C brokers are actually good. The main problem is that there is no Chinese interface and Chinese customer service. Recommended for users who are familiar with the operation of US stocks.

My choice is to open an account in TD Ameritrade and SogoTrade. SogoTrade shares and ETFs only charge $3 per transaction, which is really cheap. TD Ameritrade charges $9.99 each, and there is no Chinese interface (but there is Chinese customer service), but the customer service is complete, and transactions over 100 ETF are free.

Most account opening procedures can be completed through the Internet, but investors also need to mail or express proof of identity, proof of address, W8-BEN form, etc. To the broker. Let's talk about several key projects in the process of opening an account:

* Identification: Passport is enough, and some brokers accept identification cards (Scottrade and SogoTrade, etc.). ).

* Account category: cash account)-You can only use your own funds for stock trading, and you can't do financing stock trading. Some brokers stipulate that cash accounts cannot trade options, or you can't sell options naked. Margin account)-you can finance stock trading, allow trading on the same day and invest in options. Margin accounts have higher requirements for opening funds than cash accounts.

* Proof of address: electricity, water, coal, telephone bills, fund or credit card statements can be used as proof of residence.

* Whether it is a professional investor: The United States has special supervision over professional investors, so pay them less if there is a problem, because professional investors can identify risks by themselves. For most investors, if they are not financial practitioners, they should not choose the status of professional investors.

* Tax: China people do not have to pay capital gains tax when speculating in US stocks. When you open an account, you must fill out the W-8BEN form to explain your foreign resident status, so that you don't have to pay taxes to the IRS (only for capital gains tax, stock dividends are subject to withholding tax, and you can apply to the IRS for tax refund, but it is more troublesome).

Usually, after sending the account opening documents for one or two weeks, you can receive the account opening notice and the specific account information of the account.

Typing is not easy. If you are satisfied, please adopt it.