American stock trading rules
I. Transaction Code
Trading code is the abbreviation of listed company, for example, Microsoft's stock trading code is msft.
Second, marketing unit
The trading unit is not limited, with 1 share as the unit.
Third, the range of ups and downs
There is no limit to the fluctuation range. The original fluctuation unit of stock price was $65,438+0/65,438+06, but now it is mostly changed to decimal (the minimum is 65,438+0 cents).
Four. Account opening procedure
You only need to open a securities account to buy and sell US stocks. The securities account also has the function of a bank account. If you deposit money in this account but don't buy stocks, the broker will pay you interest, but will deduct the tax of 10%. If you want to be tax-free, you can choose to transfer short-term funds automatically, and the brokers will make profits for you.
Verb (abbreviation of verb) transaction cost
The handling fee for buying and selling US stocks is not calculated by the proportion of "transaction amount", but by the number of transactions, and the handling fee for each broker is different. For example, the transaction fee for opening an account with e*trade, a well-known online brokerage firm, is $65,438+04.99 ~ $65,438 +09.99. If the transaction is conducted in charles schwab, charles schwab has a Chinese website and Chinese customer service, and the transaction cost is $29.95.
In addition, there is a charging model based on the number of transactions, and the charging standards of different brokers are also different. For example, the transaction fee of Yingtong Securities, a well-known online brokerage in the United States, is 0.005 USD per share, so when investors buy and sell 1 0,000 shares in one transaction, the transaction fee of Yingtong Securities is 0.005 USD × 1 0,000 = 5.
Account opening introduction
First of all, choose the right American stock broker to open an account. There are several points to consider when choosing a suitable US stock broker: scale and strength, tradable varieties, commission fees and preferential activities. If you need Chinese service, it depends on whether the brokerage company provides Chinese service.
Then, open an account online. Most American stockbrokers offer online account opening services. China enjoys the reciprocal conditions of income tax reduction and exemption from the US government, so China people can enjoy the preferential treatment of withholding income tax when opening international accounts for US stocks.
There are three steps in opening an account: online application-mailing materials-injecting funds.
Step 1: Apply online.
Step 2: mail the materials.
The last step of online application will tell you that you need to print out the materials and mail them (and mail them). The materials to be mailed are: 1. Online service agreement template; 2.W-8BEN simple form template; 3. The ID card is a scanned copy of my valid passport (the first and last pages, two pages * * *), and the signature on the last page of the passport is valid. Among them, 1 and 2 can be printed after completing the online application.
Precautions for mailing materials:
1. If you choose "financing" or "option" when applying online, you need to fill in and mail the "Financing Application Form" and "Option Trading and Contract".
2. The documents required for opening an account must be sent to the broker within 30 days after opening an account. If you fail to receive the due documents within the time limit, your account will be restricted from all trading activities; However, this restriction will be lifted immediately after receiving your file.
Step 3: inject funds:
Remit the funds into the bank clearing bank account of the securities settlement company at the higher level of the brokerage firm. Most users use bank remittance to inject funds, which is safer and faster.
Tips for injecting funds:
1. The capital injection can be synchronized with the mailing materials, so that the transaction can be carried out faster after the materials are approved.
2. Remittance must be in US dollars. If you don't have dollars, you can go to the bank to exchange them. Cash exchange is not cash! According to the regulations of the State Administration of Foreign Exchange, each person has a foreign exchange quota of $50,000. Remittance postscript column (i.e. further credit column): please fill in the registered name of your account in the brokerage firm here (it must be the same as your bank account name), for example: Wang Datong; ; Please fill in your account number in First Finance here. The account number is ***8 digits, and the format is XXX-XXXXX.
3. Both the investor and the payee must be account holders, and no third-party remittance or payment is accepted.
4. It is suggested to use the international remittance service of China Postal Savings Bank or China Everbright Bank as far as possible (the handling fee is the cheapest, and most people say that China Everbright Bank has the fastest international remittance), China CITIC Bank and Industrial Bank, followed by Agricultural Bank, Bank of Communications, Industrial and Commercial Bank of China (whose online banking has international remittance function) and Bank of China. From the historical feedback, the remittance success rate of these banks is relatively high for the time being; China Merchants Bank (the supervision of China Merchants Bank is particularly strict, and remittance is definitely not allowed), China Construction Bank and Shanghai Pudong Development Bank have strict foreign exchange supervision, and it is easy to break down when remittance is made. It is not recommended.
5. Because of foreign exchange control, domestic banks do not allow domestic individuals to transfer and remit money to overseas company accounts in principle, and bank staff will be very sensitive when they see the word "company". Therefore, when filling in the money order, you can simply write the name of the clearing bank on the account name without completely filling in the name of "clearing company", which will not affect the successful arrival of the remittance, but also improve the success rate of remittance; Secondly, please don't fill in the words "investment" and "stock trading" in the column of remittance purpose. If this purpose is filled in, the relevant banking institutions will not let the remittance pass. You can adopt a flexible way and consider filling in the purposes of "shopping", "tourism", "education" and "training".
Online account opening 1 working day approved; If it passes, you can send the message. Generally, express delivery takes 5 working days. After the materials are received, they will be examined and approved on the same day. If it passes, you can trade on the same day (of course, you must successfully save money before you can start buying US stocks). Remittance, as long as your account is approved, you can go to the bank counter to remit money immediately, which usually takes 3~5 working days to arrive. So if it goes well, 18 working days can be done.