Before you start investing in stocks, you must first know How to open a stock trading account and what types of trading platforms are suitable for you, for example,distinguish betweent them the differences and the advantages and disadvantages, here is a detailed explanation of the characteristics and shortcomings of each domestic and foreign trading securities dealer platform You can choose according to your own needs, do not have to force yourself or continue to lose your capital under the high transaction fees what needs to be met
Trading account opening requirements
- You must be a citizen at least 18 years of age (if you are under 18 years of age most platforms require documents such as parental consent certificates)
- ID card or passport
- Have a residence permit or a valid residence address
- A fixed mobile phone number
- at least one bank account
These conditions are indispensable , because when you send money in both directions between a dealer and bank you will need to confirm that the transmission is the same person , because in most countries there is an anti-money laundering bill , so it is inevitable that you must use your own account to avoid the account funds being frozen by regulators .
The necessary documents for opening an account with a trading account
1. Passport or local ID card (within valid date)
2. Proof of valid residence address (within 6 months)
3. Proof of address (within the last 6 months) Hydropower Coal Bill Municipal Management Fee Credit Card Bill (especially overseas trading platform)
Select the appropriate regulatory area/institution
U.S. Securities and Exchange Commission (SEC)
|As long as it is legal for the United States trading platform must be registered under the U.S. Securities and Exchange Commission, |
You can check on website whether it is a licensed trading platform in the United States
The Financial Industry Regulatory Authority (Finra)
|U.S. Securities Industry Financial License Management, which provides foreign companies to register and trade in the U.S|
Stocks, a total of more than 3,700 institutions have such licenses any institution must own such
Regulatory licenses allow stockbroking in the United States.
Uk Financial Conduct Authority (FCA)
|UK regulators are currently the main regulator of FX stock futures trading platforms, and clients are in this category|
The account insurance fund, which has an account insurance policy of 85,000 pounds under supervision, is the most secure regulation of the client’s account
Cyprus Securities and Exchange Commission (CySEC)
|One of the main regulators of the forex trading platform, during which clients have accounts of EUR 20,000|
Insurance premiums, and protected by EU law, are mainly for EU customers in one of the most important supervision.
Australian Securities and Investments Commission (ASIC)
|ASIC Australia Regulation is the most important regulation to provide investment CFD futures trading platforms worldwide. |
Leverage available under Australian regulation is higher and more flexible than other regulations, if you like
Day rush trading is suitable for such regulated trading platforms.
Online foreign trading platform securities dealers to open an account proposal
You can find trading platform reviews here