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 First Financial Securities Company of the United States within 30 days after opening an account. If you fail to receive the required 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.
3. The mailing address is as follows: No.1 Trading Securities Company 133-25, 37th Avenue, Flushing, New York, USA, with zip code 1 1354.
Step 3: inject funds:
Remit the funds into the bank account of Firstrade's superior securities delivery company. 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 currently has a foreign exchange quota of $50,000. Remittance postscript column (i.e. further credit column): Please fill in your registered name (which must be the same as your bank account name) in the account of First Financial Management, 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 report that China Everbright Bank has the fastest international remittance), China CITIC Bank and Industrial Bank. Secondly, we can consider Agricultural Bank, Bank of Communications, Industrial and Commercial Bank (whose online banking has the function of international remittance) and Bank of China. According to the feedback from Firstrade's old customers, the remittance success rate of these banks is temporarily high. 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 "Apex" on the account name without completely filling in the name of "Apex clearing company", which will not affect the successful arrival of the remittance, but also improve the success rate of the remittance. Secondly, please don't fill in the words "investment" and "stock trading" in the column of remittance purpose. If you fill in such purposes, the relevant banking institutions will not allow the remittance to pass, and you can adopt a flexible way and consider filling in such purposes as "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.