On-site funds: On-site funds need to open a stock account and be quoted in real time from 9:30- 15:00 every day. It is convenient to buy and sell, and the rate is lower than that of OTC funds (see the securities companies that open accounts), but most of them are lower than that of OTC funds. You can take profit or stop loss at any time.

Over-the-counter funds: Through Alipay, Tian Tian Fund and other platforms, there is only one quotation at 3 pm every day, which makes it less flexible. If it is held for less than 7 days, a redemption fee of 1.5% will be charged.

Personal opinion:

1. If you can't control it, you still choose OTC fund trading, which will not be operated frequently.

2. If you play short-term or you are a long-term holder who can stop, then the venue is suitable for you because the rate is low.

3. Off-exchange funds can only buy funds, and on-exchange fund accounts can also speculate in stocks, buy convertible bonds and arbitrage.

Tell me about myself. I am an off-site buyer of most active funds (long-term holding) and an on-site buyer of LOF and index ETF (short-term). The on-site account must be selected with low commission, otherwise the frequent operation fee will be high.