Etf funds generally refer to transactional open index funds. Transactional open-end index fund, usually called exchange-traded fund, is an open-end fund with variable fund share, which is listed and traded on the exchange. So do you need to open any trading rights to buy etf funds? Let's get to know each other.

What permissions do I need to open to buy etf funds?

In fact, you don't need to open any authority to buy etf, you just need to open an on-site fund account in the securities account. Because etf can only be purchased through securities accounts, and etf funds in the market cannot be purchased by other means. So we only need to open an on-site fund account in the securities account, and then we can trade and buy etf funds.

Now we can open an etf fund account directly when opening a securities account, or we can open it after opening an account. Either way, it is ok.

To open an account by purchasing etf:

1. Download the APP of the securities company or scan the QR code of the account manager.

2. Use your mobile phone number to get your verification code.

3. Upload photos of the front and back of your ID card.

4. Fill in the personal information and complete the video verification.

5. Set passwords for three-party deposit and transfer.

6. Select the account type. When choosing Shanghai A account, you should also choose the fund account of Shanghai A Bank.

7. Assess customer risks and apply for opening an account.