How to change brokers?
If investors want to change brokers, there are actually two ways to operate.
1 Open a new account, sell first and then buy:
Directly sell all the stocks entrusted to the original securities company, and then transfer all the funds to the bank account through the three-party depository account.
Then open a securities account in a new securities company and establish a tripartite depository relationship with the bank. Finally, the funds will be transferred to the new securities company account for trading operations.
However, this method is very inconvenient for most investors, because stock market trading can not be operated at will, and it will also generate trading costs. But the advantage is that the original securities company can't stop it, and you don't need to go to the original brokerage firm to go through the formalities. You can complete the transfer of accounts and funds in two working days.
2 for transfer:
Before investors want to transfer their accounts, they should transfer all the funds available in the original brokerage account, and they cannot entrust stock trading or purchase new shares on the same day. Then, at the time of trading, you can go through the formalities of "canceling the designated transaction" with your valid ID card at the original securities company, cancel the designation of Shanghai stock market, and apply for the Shenzhen stock market to be transferred to custody.
After going to the original securities company, go to the new securities company to go through the designated procedures on the next trading day, so that stocks and funds can be transferred to the new securities firm.
As it may take 1-2 working days to transfer out the account, it is recommended that you contact the account opening business department to make an appointment first, and then go to the business department for processing.