First, pay attention to distinguish the new user incentive policies of different brokerage institutions.
It is best to open an account with an Internet brokerage firm, such as Futu Securities, Huasheng Securities and Tiger Securities. These brokerage platforms are relatively reliable, and the account opening process, commission charges and user experience are similar. It is worth noting that they give different rewards to new users.
Two: RMB needs to be converted into dollars.
After opening an account in the US stock market, the money will be transferred to the securities account of the US stock market. You can use a mainland bank card to buy RMB into dollars and then remit it overseas. There is another way. If the user already has a Hong Kong bank card, it is very convenient to directly transfer the US dollars in the card to the collection account of the securities company.
Three: apply for a Hong Kong bank card.
Due to foreign exchange restrictions in the Mainland, overseas funds can only be withdrawn from Hong Kong bank cards. If retail investors don't have a Hong Kong bank card, it's best to get one.
Which brokerage company is better for opening an account in US stocks? If you have anything to add, please leave a message at the bottom of the comments section.