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can i only go to the sales department to open a margin trading account? can i open it online?

2024-09-19

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currently, it is not possible to open a margin trading account directly online. due to the high risk of margin trading, you need to go to the business department to open an account on site. however, you can contact the account manager online in advance to make an appointment, and then go directly to open the account.

steps to open a margin trading account

  1. complete information preparation: make sure the necessary equipment including id card, bank card and mobile phone are ready.
  2. find the nearest sales office: you can first contact your account manager online to make an appointment with the nearest branch. if you don’t have an account manager, you can directly search for the branch on baidu maps, or check the addresses of nearby branch offices on the brokerage firm’s official website.
  3. on-site processing: the business department will have a dedicated person to handle the account opening steps. you just need to follow the instructions of the business staff.
  4. complete risk assessment: participate in the online risk assessment test to evaluate whether your risk tolerance matches the margin trading business.

it usually takes 1-2 hours to process margin trading. once opened, a margin trading account will be created in real time. once you have an account, you can transfer collateral. you can transfer stocks or cash. usually there is a quota on t+1 day. please note: the cash transfer quota is 1:1d, and stocks need to be discounted, usually 70%.