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How to open an account for foreign exchange transactions?
Account opening method: according to the risk tolerance and capital scale of users, you can choose to operate foreign exchange firm or foreign exchange deposit. Its characteristics and account opening method are as follows:

1, foreign exchange firm offer. Generally, you open an account in a bank, such as China Merchants Bank or ICBC. Both China Merchants Bank and ICBC have accounts. A firm offer is characterized by relatively small risks and returns, and slightly higher transaction costs (spreads), generally 10 ~ 30 points. If the operation is good, the annual income is generally 5% ~ 10%. Small funds may have limited returns. Steps for opening an account: apply for opening a foreign exchange account at the bank counter, then purchase foreign exchange and deposit it in the account, sign a foreign exchange transaction agreement with the bank, apply for opening an online bank, and then log on to the bank's website with your personal computer at home and enter the online bank for trading.

2. Foreign exchange deposits. Generally, I apply for opening an account through a domestic foreign exchange broker or directly to the website of a foreign investment company. The risks and benefits of margin trading vary greatly according to the size of established positions. I usually operate with a relatively stable leverage of 5 ~ 10 times, and the general annual income is 100%. The general spread is 3 ~ 10. Disadvantages: it requires high capital management of operators and is unable to resist after making mistakes. The foreign exchange leverage ratio stipulated by the Hong Kong Securities Regulatory Commission is 1:20, which is 20 times leverage. Compared with leverage, it is conducive to the control of funds and positions. There are also many institutions that can open accounts for free, such as www. qdyhtzgl .com)