Then, 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.
There are three steps in opening an account: online application-mailing materials-injecting funds.
Step 1: Apply online.
Step 2: mail the materials.
The last step of online application will tell you that you need to print out the materials and mail them (and mail them). Materials to be mailed include: 1 online service agreement template; W-8BEN simple form template; The ID card is a scanned copy of my valid passport (the first and last pages, two pages * * *), and the signature on the last page of the passport is valid.
Precautions for mailing materials:
1. If you choose "financing" or "option" when applying online, you need to fill in and mail the "Financing Application Form" and "Option Trading and Contract".
2. The necessary documents of the account must be sent to the broker within 30 days after opening the account. If the overdue documents are not received, the account will be restricted by suspending all trading activities; However, this restriction will be lifted immediately after receiving your file.
Remit the funds into the bank clearing bank account of the securities settlement company at the higher level of the brokerage firm. Most users use bank remittance to inject funds, which is safer and faster.
Extended data:
Because of foreign exchange control, domestic banks do not allow domestic individuals to transfer and remit money to the accounts of overseas companies in principle, and bank staff will be very sensitive when they see the word "legal person", so when filling out the remittance slip, they can abbreviate the name of the clearing bank as the name of the remittance to the account;
There is no need to fill in the name of "clearing company" completely, which will not affect the successful receipt of remittance, but also improve the success rate of remittance;
Secondly, please don't fill in the words "investment" and "stock trading" in the column of remittance purpose. If you fill in such purposes, the relevant banking institutions will not allow the remittance to pass, so you can adopt a flexible way and consider filling in such purposes as "shopping", "tourism", "education" and "training".
Online account opening 1 working day approved; If it passes, you can send the message. Generally, express delivery takes 5 working days. After the materials are received, they will be examined and approved on the same day. If it passes, you can trade on the same day (of course, you must successfully save money before you can start buying US stocks).
Remittance, as long as the account is approved, you can go to the bank counter to remit money immediately, usually 3~5 working days. So if it goes well, 18 working days is enough.
Baidu encyclopedia-American stocks