What's the difference between opening accounts with different securities companies?

Different securities companies will have different services when opening accounts, and different trading software may also have different commissions. For example, commission usually ranges from 1‰ to 3‰. A securities company refers to a limited liability company or a joint stock limited company with independent legal personality, which is established with the approval of the the State Council securities regulatory authority in accordance with the provisions of the Company Law and the Securities Law and specializes in securities business.

The main differences are as follows:

1. The commission charging standard of a securities company is fixed internally, and even different business departments of the same securities company will be different (the business departments are different, such as choosing retail investors, middle households and large households when opening an account, and trading on or off the market). Basically, the ceiling is 3‰, and the lowest is 1‰ to 1.5‰.

2. transfer fees is charged for stock trading on the Shanghai Stock Exchange, and 1 10,000 shares are charged 1 yuan (minimum charge 1 yuan), while transfer fees is not charged on the Shenzhen Stock Exchange. According to different transaction forms, the transaction amount is 1.5‰~ 3‰, and the minimum charge is 5 yuan (the fee for off-site online transactions will be lower, generally at 1.5‰, which is determined when the account is opened and the minimum charge is 5 yuan).

3. Some brokers charge commissions, even every time they swipe their trading cards, ranging from 1 to 5 yuan.