Which is better to open a foreign exchange account?
Now basically all commercial banks can speculate in foreign exchange, such as China Merchants Bank. Bank of Communications, China Construction Bank, Industrial and Commercial Bank, Bank of China, etc. Everyone mentioned above can choose to open an account. Many investors will choose some banks with low middle prices because they can make more short-term differences.
Bank speculation in foreign exchange is mainly based on foreign exchange margin trading. We can also call margin trading as margin trading or virtual trading, that is, investors conduct foreign exchange trading by amplifying the financing provided by banks or brokers with their own funds as the guarantee. In more popular terms, it is to enlarge the trading funds of investors.
How much does it cost to open an account for foreign exchange transactions?
Foreign exchange investors do not need to spend money to open an account, and there is no handling fee. Foreign exchange investment belongs to margin trading. 1 order, the contract amount is 65438+ million dollars, and the margin ratio can be reduced by 100 times or even higher leverage, so it can be traded with very little capital.
What is the leverage of foreign exchange margin trading?
In the foreign exchange market, the standard contract is about 654.38 million yuan per lot. If the leverage ratio provided by the brokerage firm is 500 times, then the buyer and the seller need 250 yuan's deposit. If the leverage ratio is 654.38+000 times, then buyers and sellers need 654.38+0000 yuan.
At present, ordinary domestic banks can provide foreign exchange accounts, and everyone can choose for themselves.