Stock account, credit account and futures account are the three most popular accounts in the investment industry, and all of them can buy and sell investment products directly in the trading market. Both stock accounts and credit accounts can be used to buy stocks. There are many similarities, but there are also obvious differences.

What's the difference between a credit account and an ordinary account?

1 The threshold for opening an account is different. To open a credit account, investors need to have an average daily asset of 500,000 in the past 20 days and have half a year's securities experience. Ordinary accounts only require investors 18 years old.

(2) The number of tradable shares is different, and the credit account can only trade the shares within the scope of the target, with fewer trading varieties than the ordinary account; Ordinary accounts can buy all the stocks in the A-share market.

3 Different in nature, credit accounts can be bought and sold by margin trading, while ordinary accounts do not have this function, one is leverage and the other is not.

According to different buying requirements, the corresponding collateral must be deposited with the securities company in the margin trading of credit account, and the collateral is not required for ordinary account to buy stocks.

5 The trading mechanism is different. Credit accounts provide a short-selling mechanism, and ordinary accounts can only trade long positions, not short positions.

6 Different risks, the margin trading lever of credit account can amplify the profit and loss, but ordinary account can't, so the operational risk of credit account is greater than that of ordinary account.

Ordinary account number and margin account number are not the same account number, which are both related and different. If you just want to buy some ordinary stocks, you just need to open an ordinary account. You must have a credit account if you want to buy stocks that can be financed by margin.