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Can a person open several stock accounts?
one person can open three valid securities accounts, and more than three securities accounts cannot trade stocks in Shanghai stock exchange. In addition, on-site fund accounts can be opened at the same time. Investors can open the Growth Enterprise Market and the Science and Technology Innovation Board after meeting certain requirements.

[ Extended Information ]

Securities account refers to the account book set up by the securities registration and settlement institution for investors to accurately record the types, names, quantities, corresponding rights and changes of securities held by investors. It is an important document to identify the identity of shareholders, which has the legal effect of proving the identity of shareholders and is also a prerequisite for investors to conduct securities transactions.

Introduction:

To buy stocks in the securities circulation market, investors need to entrust a securities company and open an account with the other party, that is, investors sign a "securities trading entrustment contract" with the securities company.

for investors to open accounts, securities companies should conduct necessary investigations in advance. For example, Rule 45th of new york Stock Exchange stipulates that its member brokerage companies should try their best to know the basic information of each customer and master the contents of the trading instructions received. If it is difficult for a securities company to know the customer's situation, it can ask the customer to pay a deposit or ask the other party to find a bank guarantee. Its purpose is to ensure the safety and reliability of customers' credit, so that securities transactions can be carried out smoothly.

Usually, when opening an account, you should fill in the "Entrusted Securities Trading Contract". The contents include the client's name, gender, age, native place, occupation, address, service organization, position, telephone number, ID number and signature and seal. At the same time, the securities company should check the customer's ID card, compile the account number, fill in the "account opening card" and give it to the customer. In addition, customers should make necessary explanations for stock trading.

when opening an account, the securities company also provides customers with the required account type.

account type:

cash account:

after purchasing securities, the customer who opens this account shall pay all the stock purchase prices before or after the liquidation date. Similarly, after the shares are sold, the shares should be delivered to the appraiser on or before the liquidation date. The specific date of the liquidation date is usually stated in the stock "transaction notice" sent to customers. In the United States, the fifth business day after the trading day is the liquidation day.

margin account:

also known as general account. When customers buy securities, securities companies will provide some financing to investors in the form of advance payment, and charge interest on the advance payment. For example, it is stipulated that the margin ratio of an account is 65%, which means that merchants should pay 65% of the securities price immediately when purchasing securities. The remaining 35% of the price, and pay interest. Converted according to the borrowing cost provided by securities.

Joint account:

An investor opens an account in a securities company where two or more people are partners. This account is suitable for both husband and wife or father-son relationship.

Account at any time:

When opening this account, the customer gives the securities company the prior written consent and agrees that the securities company will conduct the transaction without consulting the investors. Moreover, the trading object, price, quantity and timing of the stock are all chosen by the brokers themselves. Of course, brokers should take the premise of not harming the interests of customers.

In many countries, investors can only open accounts in securities companies when they reach the legal age. In European and American countries, the contractual behavior of minors is not legally binding. Therefore, minors can nominally hold stocks, but only parents can trade in the name of guardians.