1. Directly open an account with an American securities company:

This method of opening an account for US stocks is suitable for people who have a fixed residence address in the United States and directly open an account with an American securities company. This scheme can provide you with more choices. Even if you are not very rich, you can open an account with Citigroup and Fidelity. Another advantage is that you can ask them to give you personal checks or even some of them. Account opening documents: passport and driver's ID or your entry and exit documents in the United States.

Second, open an account through online US stock brokers:

Most China people still have no chance to travel or settle in the United States, so it is more feasible to buy and sell US stocks through online US stock brokers who support online account opening.

Third, place orders through Hong Kong subsidiaries of domestic brokers or Hong Kong brokers:

Basically, the "Hong Kong subsidiaries" of major domestic brokers have this business. The so-called "re-entrustment" means that you place an order with this Hong Kong broker (or a Hong Kong subsidiary of a mainland broker), and then the broker moves to another brokerage firm in the United States with which it has signed cooperation. Hong Kong subsidiaries of many large domestic securities firms are secretly developing mainland customers to buy and sell US stocks or Hong Kong stocks through various channels.

the biggest advantage of re-entrustment is that you can usually buy and sell stocks from more than a dozen countries in one transaction, instead of stocks from a single country. The disadvantage is that the trading time limit cannot be accurately controlled and the handling fee is too high. (The trading commission of Hong Kong securities companies or Hong Kong subsidiaries of domestic securities companies is 2-3 times that of American online securities companies) and the inability to conduct Margin trading (that is, margin trading) and short selling, as well as the inability to place a GTC, Good till Cancel), etc., it can be said that the defects are quite obvious.

I suggest that Chinese mainland investors open an account to speculate in US stocks in the second way, because this way, you can enjoy the same low commission transaction (online US stock trading) as American customers, and more importantly, you can enjoy the reciprocal conditions of US government income tax reduction and exemption in this way, so China people can enjoy the preferential treatment of withholding income tax when they open an international account for US stocks.

risk disclosure: this information does not constitute any investment advice. Investors should not replace their independent judgment with this information or make decisions only based on this information. If they operate by themselves, please pay attention to position control and risk control.