Margin trading, also known as "credit account", can not only be bought and sold like ordinary A-share accounts, but also borrow money from brokers for financing, or borrow stocks for securities lending, which enriches the stock market trading mechanism and amplifies the benefits and risks!
Below I will explain some related issues of the integration of the two:
If you want to open margin financing and securities lending, you must first open an ordinary account with a brokerage firm and meet two conditions:
1) The average daily assets of the account in the first 20 trading days are more than 500,000.
2) Engaged in A-share trading for more than half a year.
On the cost of credit account
Commission, transfer fees and stamp duty for normal transactions are indispensable. In addition, if you raise money from a brokerage firm or short securities, you will also get an interest, because the money is obtained by the brokerage firm from the bank, and you will also earn a certain price difference. By default, the market is about 8.3%. Of course, large listed brokers have good relations with banks and their costs will be relatively low. Some brokers can unconditionally give 5% interest rate. Two financings came from a top 20 brokerage firm!
Maintaining proportional risk control depends on it!
Maintenance rate = = total funds/total liabilities Total funds refer to self-owned funds+total liabilities.
1. line can be extracted, and the maintenance rate is higher than 300%.
2. The warning line/tracking line shall be in place, and the proportion shall be maintained at 140%.
3. Pursuing the insurance line, when the maintenance ratio is 130%, it is necessary to pay attention to the need to make up positions or reduce positions within 1 trading days.
4. Close the position line and maintain the ratio of 1 10%. In case of special market, this situation may be encountered, and brokers will be forced to close their positions.
Deposit ratio of two major financial institutions
Initial financing deposit 100%, deposit 50%!
In other words, if you have 6.5438+0 million of your own funds, you can borrow up to 6.5438+0 million, which means you can buy 2 million securities; The maximum number of shares that can be lent by securities lending is 2 million shares.
How to operate the two integrations? The following three categories are the most common:
1. Leveraged stocks are converted into funds as collateral-financing purchase (self-owned funds purchase)-selling bonds to repay after the securities rise (self-owned funds liquidation)
2. Man Cang's covering position is transferred to the securities as collateral-financing to buy-selling bonds for repayment after rising.
3. Short securities by short selling, and now-sell securities by short selling-buy and exchange bonds after the decline after using more collateral.
To sum up: margin trading is a tool for stock market trading, which can be said to be a double-edged sword. If used well, it will be worse. It is more suitable for rational investors who have found ways to make money by stock trading. If they have the right to meet the requirements and find a suitable broker, they can open it first, but the use should be based on their own situation!
How can the 5% interest rate be opened?
At present, the financing interest rate in the market fluctuates around 5~6%!
Now the new financing interest rate can be around 5%~5.5%, which is more favorable!
The above is the cost difference of 654.38+0 million funds at different interest rates. Therefore, the higher the interest rate, the more compound interest and the greater the input cost.
What is margin trading?
Margin trading refers to the business in which a securities company lends money to customers to buy securities or customers borrow securities from securities companies to sell them. The transactions arising from margin trading are called margin trading. Margin trading is divided into two categories: margin trading and margin trading. Margin trading is conducive to market trading activities, and the amplification effect of stock funds in the market is also a way to stimulate the A-share market activities.
1. financing transaction: a customer borrows money from a securities company to buy securities is called a financing transaction. Securities companies lend money to customers to buy securities. When the customers expire, they will return the original money to the securities companies with interest, and the financing from the securities companies is called "short selling".
2. Margin trading: A securities company lends customers and securities for sale, which is called margin trading. Securities companies lend securities to customers for sale. When customers are due, they must return the same amount and the same kind of securities to the securities company and pay the corresponding interest. Customers selling securities from securities companies are called "short selling".
Therefore, choosing a brokerage firm and handling it through the account manager is the key point!
Being able to use low interest rate financing can save a lot of transaction costs for your account!
The financing rate for new account opening transactions is 5%!
Finally, I made a statistics on the cost of more than 40 brokers in the whole market/KLOC-0, for your reference and exchange:
All brokers offer low commissions in the same way. They all contact the account manager in advance and open an account through the exclusive QR code. After the opening, they contacted the account manager to help adjust the commission. After adjustment, it is a permanent rate!
Generally speaking, the commission rate of head brokers is relatively higher than that of small brokers, but if you look closely, you can still find a lower standard among big brokers. If you have an interest rate, it is difficult to find an unconditional 5%. Generally speaking, it would be nice to find someone who can directly open a 15% discount rate, because the commission rate can't be low all the time, and brokers are likely to tighten their policies after customers accumulate a certain amount!
I wish you all a satisfactory return in the stock market! If you have more questions about integration, please continue to communicate!